What does SDC mean in BANKING
The Swiss Development Corporation (SDC) is a development finance institution and a specialized agency of the Federal Department of Foreign Affairs of Switzerland. The SDC's mission is to contribute to sustainable economic and social development in low- and middle-income countries, by providing financial resources, technical assistance, and knowledge transfer services.
SDC meaning in Banking in Business
SDC mostly used in an acronym Banking in Category Business that means Swiss Development Corporation
Shorthand: SDC,
Full Form: Swiss Development Corporation
For more information of "Swiss Development Corporation", see the section below.
Essential Questions and Answers on Swiss Development Corporation in "BUSINESS»BANKING"
What does SDC stand for?
SDC stands for Swiss Development Corporation.
What is the mission of the Swiss Development Corporation?
The mission of the SDC is to contribute to sustainable economic and social development in low- and middle-income countries, by providing financial resources, technical assistance, and knowledge transfer services.
Does the SDC give out loans?
Yes, the SDC provides loans with concessional interest rates that are usually below market rates. These loans can be used for both public sector and private sector projects.
Is the Swiss Development Corporation a governmental organization?
Yes, it is a specialized agency of the Federal Department of Foreign Affairs of Switzerland.
Does the SDC also provide grants?
Yes, it provides grants which can be used in combination with loans or separately. Grants are usually used for activities such as policy reform or capacity building where there may be no long term return on investment.
Final Words:
The Swiss Development Corporation (SDC) is an essential part of Switzerland's foreign assistance program that supports low-and middle-income nations in their economic and social development through loans, grants, technical assistance, and knowledge transfer programs.
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