Document de Travail n° 2016/01 - Concessional finance and ODA reporting of long term financial instruments
This working paper is the sole responsibility of the author. It is circulated in order to stimulate debate and to encourage comments and criticism.The rather unclear DAC definition of concessionality has created intense debate among DAC members and beyond. The 10% discount rate is not grounded on a sound definition, and the concessionality in character criterion, namely that interest rates on loan... Lire la suite