Their debt-service burden

Vocabulary Notes

To reduce poverty — снизить уровень бедности

Borrower-country — страна-заемщик

Poverty Reduction Strategy (PRS) — стратегия снижения уровня бедности

4. HIV/AIDS (human immunodeficiency virus) — вирус иммунодефицита человека, ВИЧ

Accountability — подотчетность

Recovery from civil strife — восстановление после гражданских волнений (войн)

Beneficiary — лицо, пользующееся пожертвованиями или благодеяниями

IDA-backed investments — инвестиции, поддержанные Международной ассоциацией

Развития

Debt-service burden — бремя обслуживания долга

10.7.1.5. Read and translate the text "Commercial Credit Risk" in writing. Answer the questions:

1. What kind of risk does the IBRD control? 2. How are credit limits calculated and monitored?

Commercial Credit Risk

Commercial credit risk is the risk of loss due to a counterparty not honoring its contractual

Obligations.

IBRD’s commercial credit risk is concentrated in investments in debt instruments issued by

Sovereign governments, agencies, banks and corporate entities. The majority of these investments

Are in AAA and AA rated instruments.

In the normal course of its business, IBRD utilizes various derivatives and foreign exchange

Financial instruments to meet the financial needs of its borrowers, to generate income through its