The Project's financial charges during implementation (FCDI) were significantly over-estimated because the floating London interbank offered rate (LIBOR) dropped after the 2008 financial crisis and remained low through implementation. Prompt reallocation of the surplus for proper use can avoid loan proceeds cancellation.
Project Name
Xinjiang Urban Transport and Environmental Improvement Project
Project Number
40643-013
Report Date
Report Source
Self-evaluation
Country
Sector