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Ann Talley News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CSPAN Key Capitol Hill Hearings April 11, 2014

Single borrower limit, weve increased by 50 basis points. Forerms of advice countries, that has not been increased. The concessional loans for the poorest countries are focused are zero interest with a 40 year maturity. That has not changed. For some countries, especially the very poorest, we still provided grants. The fees have only change for a very small percentage of countries. We are very grateful because they had to approve that. As you can imagine, it was not an easy conversation. We take this as a vote of confidence that despite the increase of cost, these countries are ready and willing to pay best because they like what they get from the world bank group. In terms of intermediaries, it has been one of the strategies that we have used in terms of making access to finance and reality. I can tell you the vast majority of the Financial Intermediaries we invested in our local banks. Its is our way of making financing available for even the poorest households and businesses. We are

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