Or, when it is not appropriate, other procedures that ensure maximum economy and efficiency

Vocabulary Notes to Text 10.7.1.2

Interest — проценты (на капитал)

Environmental soundness — здоровая окружающая среда

To act prudently — действовать расчетливо, экономно

To meet debt-service obligations — поступать согласно обязательствам по оплате долга

Loan proceeds — вырученная сумма от займа

Authorized purposes — установленные цели

Lending agreement — договор займа

Procurement of goods — снабжение товарами

International competitive bidding — международные конкурентные торги

Read the text and make an account of it in English.

Country Credit Risk

Country credit risk is the risk of loss due to a country not meeting its contractual obligations.

IBRD's Credit Risk Department continuously reviews the creditworthiness of its borrowing member

countries. These reviews are taken into account in determining IBRD's overall country programs and

Lending operations, used to estimate the appropriate level of provisions for losses on loans and guarantees,

and used to asses the adequacy of IBRD's income-generating capacity and risk-bearing capital.

In keeping with standard practice, probable losses inherent in the portfolio due to country credit

Risk are covered by the accumulated provision for losses on loans and guarantees, while unexpected