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Definition: Basic rate of charge
Category: IMF terminology
The interest rate that is charged on outstanding International Monetary Fund (IMF) credit financed from the IMF's general resources. The basic rate is determined by the IMF's net income target in any financial year and is stated as a proportion of the SDR interest rate. http://www.imf.org/external/np/exr/glossary/showTerm.asp
Source:
International Monetary Fund (IMF), "Online glossary of selected financial terms" (as per March 15th, 2008), International Monetary Fund, Washington D.C., 2008
International Monetary Fund (IMF), "Online glossary of selected financial terms" (as per March 15th, 2008), International Monetary Fund, Washington D.C., 2008
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