Special Development Fund Annual Report 2010 and Financial Projections 2011-2013
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The Special Development Fund (SDF/the Fund) was established in 1970 and is the Bank’s largest pool of “soft” funds. This facility offers loans on “softer” terms and conditions than those that are applied in the Bank’s ordinary operations, i.e. longer maturities and grace periods and lower interest rates. However, the Fund offered an assortment of terms and conditions which were fixed by the Fund’s various contributors.