PPG, IDA (DOD, current US$)

The outstanding public debt and publicly guaranteed loans from the International Development Association (IDA) are characterized by their concessional nature, which means they come with a significant grant element, typically at least 35%. This feature highlights the affordability of such loans, providing developing countries with favorable borrowing conditions. The grant element is quantified as the proportion of the loan that has the equivalent benefit of a grant, serving as a vital indicator of borrowing costs. In calculating this, future debt service payments are discounted at a rate of 5%, allowing for a clearer understanding of the financial implications for recipient nations. The data is presented in current U.S. dollars, facilitating easy comparison and assessment of fiscal strategies over time. Source: