Hard and soft loans extended by international financial organizations mainly differ in their ........

Economic Affairs Others

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Hard and soft loans, extended by international financial organizations, mainly differ in their

Quantum of lending

Concessional conditions

Source of credit

Sovereign v/s non-sovereign nature

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Explanation:

For e.g. the ADB offers both Hard Loans and Soft loans. ADB offers “hard” loans from ordinary capital resources (OCR) on commercial terms, and the Asian Development Fund (ADF) affiliated with the ADB extends “soft” loans from special fund resources with concessional conditions. Soft loans are usually given to developing countries in special needs such as reconstruction, social security, critical infrastructure etc.