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PRESS RELEASE July 1, 1986

World Bank Lowers Interest Charges

The interest rate on the World Bank's loans to developing countries has been reduced from 8.50 percent to 8.23 percent for the six months beginning July 1, 1986.

This is the eighth consecutive reduction since the International Bank for Reconstruction and Development (The World Bank) adopted a policy of resetting semi-annually its lending rates for loans made since July 1, 1982. At that time the lending rate was 11.43 percent, and it has declined at each six-month interval.

The rate is calculated by adding a spread of 0.5 percent to the cost during the preceding six months of a pool of outstanding borrowings made since July 1, 1982.