The Estimation of the Grant Element of Loans Reconsidered

Ibrahim Hassan Yassin

Abstract


This paper examines critically the formulae which are
frequently used in the calculations of the grant element of loans. Given
the formula derived by Beenhakker (1976), which has been expanded into a
more general form, the grant element of foreign assistance received by
the Sudan during the period 1958-1979 is calculated. The grant element·
was found to be low, reflecting hard terms of borrowing.

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DOI: https://doi.org/10.30541/v28i2pp.121-132

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