Term:
Set-asides
Definition:
Loans made by the World Bank to developing countries to reduce their debt. These loans are only made to countries with large outstanding external debts and which have adopted structural adjustment programs approved by the Bank. Set-aside amounts will be determined individually but will be normally around 25% of the adjustment program over three years or 10% of the overall amount of the Bank's lending program to the country.
Domain:
Finance
Source:
World Bank: Glossary of Finance and Debt