The CEDRE donor conference has resulted in $11.8 billion in pledges of financial assistance, out of which $11 billion are in soft loans. There were 51 countries represented at the conference in addition to international donor institutions.
The various loans are expected to carry a 1.5 percent interest rate over periods ranging from 20 to 30 years.
CEDRE is the acronym for 'Conférence économique pour le développement par les réformes et avec les entrepris...
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