The World Bank extends long- term 6 to member governments for development projects such 7 dams, electrification, general infrastructure, agricultural development, and public health. All loans are either 8 directly to the government or carry the government"s guarantee. In addition to drawing on its capital contributions for loan funds, the World Bank has 9 bonds in various international capital markets, including the Arab oil - producing countries in recent years. World Bank loans are made in hard currencies at market interest rates 10 to cover the cost of funding, Loans usually mature between 15 and 25 years. Repayment is required in the same currency.