There are six main effects. The influencing factors of member countries' loans to international financial organizations are:
1, member countries only.
2. Used in engineering projects. The focus of lending. Infrastructure projects, such as transportation (railways, highways, water transport and civil aviation) and public utilities (such as electricity, communications, water supply and drainage). ), rural and agricultural construction projects and education and health projects. Non-project loans will only be issued under special circumstances. All non-project loans can only be used by the borrowing country to meet the foreign exchange needed to import certain materials and equipment, support production or maintain economic development plans after overcoming natural disasters.
3, earmarking.
4. Loan term and interest rate. Usually a few years, 30 years at most. The loan interest rate is divided into fixed interest rate, floating interest rate and variable interest rate.
5. Loan costs. Generally, it includes: advance payment, unpaid balance commitment fee 1% paid when the loan takes effect, which can be partially exempted after the borrower applies for consultation with the lender.
6. Loan currency. Dollar, yen, euro, pound, Swiss franc or other currencies that can be effectively funded by international financial organizations.
Measures for the Administration of Loans and Grants from International Financial Organizations and Foreign Governments (revised 20 16)
Chapter I General Provisions Article 1 These Measures are formulated in accordance with the Budget Law of the People's Republic of China and other relevant laws and administrative regulations for the purpose of regulating the administration of loans and grants from international financial organizations and foreign governments, preventing government debt risks and improving the efficiency in the use of funds. Article 2 These Measures shall apply to the administration of loans and grants from international financial organizations and foreign governments. Article 3 The term "loan" as mentioned in these Measures refers to the loan approved by the State Council and borrowed by the Ministry of Finance on behalf of the state, which forms the government's foreign debt, and the financing used together with the above loans.
The term "grant" as mentioned in these Measures refers to the international grant accepted by the Ministry of Finance or the Ministry of Finance on behalf of the country with the approval of the State Council, which is not based on the premise of matching loans. Article 4 The Ministry of Finance is the unified management department of the government's external debt, and is responsible for the unified management of loans and grants throughout the country.
As the centralized management department of local government debt, the local financial department is responsible for the management of loans and appropriations in the region. Article 5 The use of loans and grants should adhere to the development concept of innovation, coordination, green, openness and enjoyment, conform to the national economic and social development strategy, follow the medium-term financial planning, reflect the public finance function and promote sustainable development.
The use of loans and grants includes project investment and financing, capacity building, policy consultation and other forms. Article 6 The management of loans and grants shall follow the principles of unified financing, moderate scale, classified management, clear rights and responsibilities, performance-oriented and controllable risks. Article 7 According to the different repayment responsibilities of the government, loans are divided into repayment responsibility loans and guarantee responsibility loans.
The government has the responsibility to repay the loan and should be included in the budget management and debt limit management of the government at the same level, and its income, expenditure and debt service should be included in the general public budget management.
Loans with government guarantee responsibility are not included in the government debt limit management. When the government undertakes and actually performs the guarantee responsibility according to law, it shall arrange repayment funds from the government budget at the corresponding level and incorporate them into the general public budget management. Eighth grants into the central general public budget management. Among them, the grant designated by the grantor shall be included in the budget of the central department or transferred from the central finance to the local finance after being audited according to the budget management procedures; The financial department shall make overall arrangements for the use of donations that are not earmarked by donors. Article 9 The Ministry of Finance may allocate loans to provincial governments (including cities under separate state planning, the same below) or relevant departments of the State Council (including directly affiliated units, the same below). The provincial finance department may gradually allocate the loans allocated by the Ministry of Finance to lower-level governments or relevant departments and units for use.
The Ministry of Finance may issue loans to provincial governments, relevant departments of the State Council, central enterprises and financial institutions. The provincial finance department may allocate the reloan loan to the lower-level government or relevant departments and units for use; The provincial finance department may also gradually lend the reloaned loans to lower-level governments or relevant departments and units for use.
The Ministry of Finance may distribute the accepted grants to provincial governments, relevant departments of the State Council, central enterprises and other institutions for use. Chapter II Institutional Responsibilities Article 10 The Ministry of Finance shall perform the following duties:
(a) unified foreign loans and grants;
(two) to formulate the management system of loans and grants;
(three) in conjunction with the relevant departments of the State Council to study and formulate loan plans;
(four) to guide, coordinate and supervise the project application, preliminary preparation, loan disbursement or lending, grant disbursement, fund use, project procurement, statistical monitoring, debt repayment, performance management, results summary and promotion of loans and grants;
(five) to co-ordinate the foreign work of loans and grants, coordinate and promote project preparation, negotiate with foreign countries, sign relevant legal documents and go through effective procedures;
(six) the government has the responsibility to repay loans into the budget management and debt limit management, strengthen the monitoring of the government has the responsibility to guarantee loans, establish a debt risk early warning and emergency mechanism to prevent and resolve debt risks;
(7) Other duties that the Ministry of Finance shall perform. Eleventh local financial departments shall perform the following duties:
(a) to formulate the management system for the use of loans and grants in the region;
(two) to organize, collect and review the applications for loans and grants in the region, and to declare alternative projects to the higher financial departments;
(three) to organize and coordinate the foreign work of loans and grants in the region, participate in project preparation and negotiation, and assist in the signing and entry into force of legal documents;
(four) to supervise the project implementation units and relevant institutions to perform their corresponding duties in accordance with the provisions of the legal documents on loans and grants, take effective measures to deal with the problems arising in the project in a timely manner, and report to the financial department at a higher level;
(five) to handle the payment and recovery of loans and grants, supervise the use of loan funds and project procurement by project implementation units and relevant institutions, and ensure the safe, standardized and effective use of funds;
(six) to determine the loan or guarantee institution, implement the repayment responsibility, supervise and ensure the timely and full repayment of the loan;
(7) Incorporate the loans with repayment responsibilities of local governments into the budget management and debt limit management at the same level, strengthen the monitoring of loans with guarantee responsibilities of local governments, establish risk emergency mechanisms and prevention and control measures to prevent and resolve debt risks;
(eight) to organize the implementation of performance management of local loan and grant projects, and summarize and popularize the achievements and experiences of local loan and grant projects;
(nine) other duties that the local financial department should perform.
Interim Measures for the Administration of Loan Investment Projects by International Financial Organizations and Foreign Governments
Chapter I General Provisions Article 1 In order to strengthen the management of investment projects loaned by international financial organizations and foreign governments (hereinafter referred to as foreign loans) and improve the efficiency in the use of foreign loans, these Measures are formulated in accordance with the Decision of the State Council on the Reform of Investment System and the relevant provisions of the state's foreign debt management. Article 2 These Measures shall apply to the management of investment projects such as loans from international financial organizations such as the World Bank, the Asian Development Bank and the International Fund for Agricultural Development, loans from foreign governments, grants and mixed loans. Article 3 Domestic enterprises, institutions and organizations may apply for borrowing foreign loans. Article 4 Foreign loans are foreign debts of the state and are managed according to government investment funds. Foreign loans are mainly used for public welfare undertakings and public infrastructure construction, protecting and improving the ecological environment, and promoting economic and social development in underdeveloped areas. Chapter II Planning of Alternative Projects for Foreign Loans Article 5 Planning of Alternative Projects for Foreign Loans is the basis of the project's external work. Projects that borrow foreign loans must be included in the alternative project planning of foreign loans.
For projects that are not included in the alternative project planning of foreign loans, relevant departments of the State Council, local governments at all levels and project users may not formally apply for loans from foreign lending institutions such as international financial organizations or foreign governments. Article 6 The development and reform department of the State Council shall, according to the principles and requirements of national economic and social development planning, industrial policy, foreign debt management and utilization of foreign loans, formulate alternative project plans for foreign loans, and accordingly formulate and issue annual project signing plans.
Alternative projects of Japanese yen loans from the World Bank, the Asian Development Bank and the Japanese government were proposed by the development and reform department of the State Council, discussed with the finance department of the State Council and submitted to the State Council for approval. Article 7 the State Council's industry authorities, provincial development and reform departments, enterprise groups with separate plans and central management enterprises shall report to the development and reform department of the State Council for alternative projects to be included in foreign loan planning.
Where the local government arranges matching funds, undertakes repayment obligations or provides loan guarantees for the projects declared by the industry authorities in the State Council, it shall also issue opinions from the provincial development and reform departments and relevant departments. Article 8 The materials for alternative projects to be declared for inclusion in foreign loan planning include the following contents:
(1) Brief introduction of the project;
(2) the necessity of project construction;
(3) The category or country of the foreign loan to be applied for;
(4) The amount and purpose of the loan;
(5) Loan repayment responsibility. Article 9 If it is necessary to adjust the loan source or cancel the loan for the project that has been included in the alternative project planning of Japanese yen loan by international financial organizations and Japanese government, the adjustment contents shall be reported to the development and reform department of the State Council in accordance with the procedures specified in Article 7 of these Measures.
For projects listed in the alternative project planning of foreign government loans, if it is necessary to adjust the loan source, it should be submitted for approval at the approval stage of the project fund application report. Tenth, the project that originally approved the use of other funds intends to apply for foreign loans; Or a project that has been approved for the use of foreign loans and intends to apply for the transfer of other funds, it shall report to the development and reform department of the State Council in accordance with the procedures stipulated in Article 7 of these Measures. Eleventh the State Council development and reform departments, provincial development and reform departments to participate in foreign-related projects, guidance and supervision of foreign loan planning and the implementation of the annual project signing plan. Twelfth projects included in the foreign loan alternative project planning, examination and approval, approval or filing procedures should be handled according to different circumstances:
(1) The projects borrowed and returned by the central government shall be managed according to the projects directly invested by the central government, and the project proposal and feasibility study report shall be submitted to the State Council for approval after being audited by the development and reform department of the State Council.
(two) the provincial government is responsible for repayment or provide repayment guarantee projects, in accordance with the provincial government direct investment project management, the project approval authority, according to the relevant provisions of the development and Reform Department of the State Council and the State Council. In addition to the projects that should be reported to the development and reform departments of the State Council and the State Council, the feasibility study reports of other projects shall be examined and approved by the provincial development and reform departments, and the examination and approval authority shall not be delegated.
(3) Projects that are repaid by project users and do not need government guarantee shall be handled with reference to the Catalogue of Government-Approved Investment Projects: for projects listed in the Catalogue of Government-Approved Investment Projects, the project application reports shall be approved by the provincial development and reform departments and the the State Council development and reform departments respectively, or submitted to the State Council for approval after being audited by the the State Council development and reform department; Projects outside the catalogue of investment projects approved by the government shall be reported to the provincial development and reform department where the project is located for the record. Chapter III Project Fund Application Report Article 13 After the project is included in the foreign loan alternative project plan and the examination and approval, approval or filing procedures are completed, the project user shall submit the project fund application report to the local provincial development and reform department.
The application report for project funds shall be submitted to the development and reform department of the State Council for approval after preliminary examination by the provincial development and reform department.
The application report for project funds of the State Council industry authorities, enterprise groups with separate plans and central management enterprises shall be submitted directly to the development and reform department of the State Council for approval. Fourteenth by the the State Council and the State Council municipal development and reform departments for examination and approval of the project feasibility study report, the feasibility study report shall include the contents of the project fund application report, no longer separate approval of the project fund application report.
Measures for the administration of loans and grants from international financial organizations and foreign governments
Chapter I General Provisions Article 1 In order to further standardize and strengthen the management of loans and grants from international financial organizations and foreign governments, and make rational and effective use of funds, these Measures are formulated in accordance with the relevant provisions of the State Council. Article 2 These Measures shall apply to the administration of loans and grants from international financial organizations and foreign governments. Article 3 The Ministry of Finance is responsible for the management of loans and grants, and is the unified management department of the government's external debt. Article 4 The use of loans and grants shall conform to the national economic and social development strategy, embody the functions of public finance, and promote the coordinated development of economy, society and urban and rural areas. Article 5 The borrowing, use and repayment of loans shall embody the principle of unity of responsibility and rights, realize debt sustainability and virtuous circle, and effectively prevent and resolve debt risks. Article 6 The meanings of the following terms in these Measures:
(1) Loans refer to loans from international financial organizations and foreign governments;
(2) Loans from international financial organizations refer to loans approved by the State Council and borrowed by the Ministry of Finance on behalf of the country from international financial organizations such as the World Bank, the Asian Development Bank, the International Fund for Agricultural Development, and the European Investment Bank to form government foreign debts, as well as financing jointly used with the above loans;
(3) Foreign government loans refer to loans approved by the State Council and borrowed from foreign governments and Nordic investment banks by the Ministry of Finance on behalf of the country, other foreign loans approved by the State Council and managed with reference to foreign government loans, and joint financing used with the above loan combinations;
(4) The term "grant" refers to an international grant approved by the State Council and accepted by the Ministry of Finance or the Ministry of Finance on behalf of the country as the recipient, with no preconditions attached to loan matching. Chapter II Management Institutions and Responsibilities Article 7 The Ministry of Finance shall exercise unified management over loans and grants and perform the following duties:
(a) to study and determine the management principles of loans and grants, and formulate basic rules and regulations;
(two) in conjunction with the relevant departments of the State Council to study and formulate loan plans;
(3) Coordinating the foreign-related work of loans and grants, and negotiating and signing legal documents with international financial organizations and foreign governments;
(four) responsible for lending, donation, use, repayment, statistics and monitoring of loans and grants;
(five) policy guidance, coordination and supervision of loans and grants. Article 8 The local financial department is the representative of creditor's rights and debts of government loans at the corresponding level and the centralized management institution of loan grants, and is responsible for the whole process management of loan grants in the local area. Article 9 For projects directly lent or donated by the Ministry of Finance to the relevant departments in the State Council, the relevant departments in the State Council shall determine the central project executing agency to be responsible for organizing and implementing the projects. Article 10 Where a joint project directly lent or donated by the Ministry of Finance to local governments across provinces, autonomous regions and municipalities directly under the Central Government needs to be organized or coordinated by the relevant departments in the State Council, the relevant departments in the State Council shall determine the central project coordination agency to be responsible for the guidance, organization and coordination of the project. Eleventh loan projects and grant projects undertaken by local governments, the local government to determine the local project execution agencies, specifically responsible for the organization and implementation of the project. Twelfth central project executing agencies, central project coordinating agencies and local project executing agencies shall accept the guidance and supervision of the financial department at the same level in business, and the relevant expenditure plans shall be reported to the financial department at the same level for approval or filing. Chapter III Loan Financing Article 13 Loan financing includes loan application, examination and evaluation, negotiation with foreign countries, signing and entry into force of loan legal documents, determination of loan relationship and implementation of repayment obligations. Article 14 When using loans from international financial organizations, the financial departments of provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning and the Finance Bureau of Xinjiang Production and Construction Corps (hereinafter referred to as provincial financial departments) shall apply to the Ministry of Finance on behalf of the governments at the corresponding levels.
The relevant departments and other institutions in the State Council shall apply to the Ministry of Finance for loans from international financial organizations. If the local government undertakes the debt, it shall also attach a repayment commitment letter issued by the provincial financial department.
The loan application includes the following main contents:
(a) the purpose and necessity of the loan;
(two) the main contents of the loan project;
(3) Sources of loan funds and matching funds;
(4) Lending and debt repayment arrangements. Article 15 The Ministry of Finance shall, in accordance with the provisions of Articles 4 and 5 of these Measures and the requirements of the lender, examine the loan application and decide whether to incorporate the loan application into the loan planning of international financial organizations. Article 16 Provincial financial departments shall organize the review of relevant projects that have been included in the loan plans of international financial organizations, and put forward review opinions to the Ministry of Finance. The Ministry of Finance decides whether to arrange foreign consultations and negotiations according to the evaluation opinions. The evaluation items mainly include:
(a) the debt burden and financial affordability of the provincial government;
(two) the financial benefits, economic benefits and social benefits of the loan project;
(three) the financial situation of the project unit and the implementation of supporting funds;
(four) loan arrangements, repayment obligations and sources of repayment funds.