Refinancing interest on non-concessional loans
Description
Refinancing interest on non-concessional loans involves renegotiating existing high-interest debt, typically obtained without preferential terms, to secure lower rates or improved repayment conditions. This strategy aims to reduce financial burdens on borrowers—often governments or organizations—by decreasing interest costs, extending repayment periods, or consolidating debts. The practical intent is to enhance fiscal sustainability, free up resources for development, and mitigate the risk of default associated with unsustainable debt servicing obligations.
Implementation
This strategy features in the framework of Agenda 21 as formulated at UNCED (Rio de Janeiro, 1992), now coordinated by the United Nations Commission on Sustainable Development and implemented through national and local authorities.
Broader
Metadata
Database
Global strategies
Type
(D) Detailed strategies
Subject
- Commerce » Credit
Content quality
Yet to rate
Language
English
1A4N
J1525
DOCID
12015250
D7NID
223861
Editing link
Official link
Last update
Dec 3, 2024