With regard to the World Bank loan, Mr Flaherty mentioned that the loan was a direct investment loan, and not a developmental loan of the type that the World Bank sometimes entered into with developing countries and which had onerous conditions. This particular loan was repayable over 28 years. For the first seven years, there was a deferral on capital repayments, so payment was made on the interest only. The interest rate on the loan was linked to international interest rates, which, as at the previous week, was 9.7%, in line with what Eskom was currently paying for loans.