He noted that the Secretary General apos s suggestion that Member States which were in arrears should be charged interest in order to meet the interest on commercial loans was not consistent with the Independent Advisory Group apos s recommendation that interest on late payments should be deposited in the Working Capital Fund.

The head of the delegation had mentioned his efforts at decreasing the interest rates for women's loans, an important priority for women in the Third World, for such loans enabled rural women to launch microenterprises.

The borrowers use the newly created loan money to grow their businesses, and pay back the debt, with an interest payment which requires more growth.

Criteria for loans and grants

Total charges on loans

A number of major donors believe that the discipline of loan repayment sharpens the focus on the costs benefits of prospective projects, and provides an incentive to ensure that funds are used effectively.

The 199,532 in interest earned on 1,361 loans active during the reporting period was channelled into new loans.

The credit methodology, procedures manual, database and loan agreements have all been designed and approved.

These loans are based on a banks reserves, and reserves are derived from deposits.

Interest accrued on investments 579 075

Interest

All loans to least developed countries, including concessional ones, should be provided in the form of grants.

(b) The right to bank loans, mortgages and other forms of financial credit

Stiff eligibility and repayment conditions.

Loan conditions

No. of loans

loan contracts

Tools include seed funding, training, consultation services, interest free proposal development loans and more flexible mortgage loan insurance to facilitate the financing of affordable housing.

The benefit to the entire economy was bigger than the sum of the benefits for the individual mills.

Governments can enhance growth by increasing inclusiveness.

The agreement allows up to 33 per cent of the programme cost to be met through government loans which are to be fully repaid within 17 years with interest and royalties.

C. Bank interest 621

C. Bank interest

Facilitating access to credit from banks and financial institutions.

Interest paid on credits withdrawn during the biennium

Contracting and granting loans

Non performing loans

3. Loans and credits

A. Loan operations

Loans disbursed

Full interest charges continued to be assessed on the outstanding balances.

Policy enhancements have been made to mortgage portability, second homes and mortgage qualification for self employed borrowers.

Then, money was easy and regulation light.

These loans are repayable over a period of 10 years.

Benefits and principles

(iii) Interest income

(g) Interest Income

(a) Interest income 631 929 631 929

4. INTEREST AND MISCELLANEOUS INCOME

(a) Interest income 2 077 121 2 077 121

(c) Interest income 169 480 1 897 392 2 066 872

(a) Interest income

(a) Interest income

(a) Interest income

4. Interest and miscellaneous income