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Botswana - Development Corporation Project (Английский)

The loan would assist BDC in meeting its estimated commitments for financing the import component of its sub-projects. BDC would normally lend at prevailing market rates, currently 10 percent per annum. BDC would normally pass on the foreign exchange risk to its borrowers, except in cases of small loans (below $75,000). The Government has indicated that it intends to protect BDC against any substantial net financial losses resulting from exchange...
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