Conditions de prêt

Countries with a GNI

Countries with a GNI per capita (Atlas method) above the average of all ADF-only non-gap countries are included in the “advance” group, while all countries with a GNI per capita below the average are in the “regular” group. The grouping is established once in the first year of the cycle.

These lending terms will only apply to the loan portion of countries’ allocations. As an exception, “regular” ADF lending terms will apply to all countries receiving loans while eligible to TSF Pillar I, regardless of their grouping (regular or advance). Regular lending terms will apply on the loan portion received through PBA and TSF Pillar I allocation. It is worth noting that, since ADF-13, the loans/grants mix of the PBA of the first year of the cycle applies to the TSF Pillar I allocation, rather than the latter being provided fully in the form of grants as under ADF-11 and ADF-12.

Countries’ classification, grouping, lending eligibility and financing terms are reviewed annually at the beginning of the PBA process.

Since ADF-15, the Fund applies the WB/IMF DSA in a dynamic manner: country allocations are adjusted to reflect any DSA deterioration during the year. The flexibility provided by the dynamic DSA covers all ADF-only countries that are in the regular and advance groups including ADF-only Gap countries.