Short Notes on Foreign Loan
The loans obtained from official and private sources of foreign countries are called foreign loans which are granted for a period of 5 years or more. They are of two types, viz., (a) Hard loan, i.e. loans repayable in foreign currency; and (b) Soft loan, i.e., loans repayable in Indian currency. i. International Monetary Fund (IMF): The IMF has been [...]