PREVIEW

... n involves more than just a few words. In addition to political interest exchange, it is accompanied by a series of risk assessments and detailed negotiations.

Commercial loans differ from purely policy-based loans.

Purely policy-based loans are fully backed by the government; banks simply disburse the funds without needing to consider risk or return. Commercial loans are different; even if a government provides a guarantee, it is limited to the principal amount.

The spec ...

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