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application/pdfThe Estimation of the Grant Element of Loans ReconsideredThis paper examines critically the formulae which arefrequently used in the calculations of the grant element of loans. Giventhe formula derived by Beenhakker (1976), which has been expanded into amore general form, the grant element of foreign assistance received bythe Sudan during the period 1958-1979 is calculated. The grant element�was found to be low, reflecting hard terms of borrowing.
Acrobat 5.0 Scan Plug-in for Windows; modified using iTextSharp 4.1.6 by 1T3XTSummer 1989,Vol. 28, No.2
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