# Council Decision of 21 December 1978 concerning the conclusion of the Agreement between the European Economic Community, the Member States and the International Development Association (79/195/EEC), Division Section 3


Except as provided in Section 4, the terms of repayment of each Special Action Credit shall be the same as those generally applicable to development credits made by the Association, that is to say, it shall be repayable over 50 years and with a 10-year grace period. Special Action Credits shall not bear interest.

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Source: https://www.legislation.gov.uk/eudn/1979/195/attachment/1/division/ARTICLE II/division/Section 3 (the official version)
Page: https://openlegislation.uk/eu-decision-1979-195/attachment-1/division-ARTICLE II/division-Section 3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.