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<h1>External commercial borrowing framework linked to borrower financial strength, market rates, simplified conditions and wider eligibility.</h1> The draft amends the ECB framework to link borrowing limits to a borrower's financial strength, allow market-determined interest rates, simplify end-use restrictions and Minimum Average Maturity requirements, expand eligible borrower and lender categories, and streamline reporting obligations; the proposal is published for public consultation on the Reserve Bank platform with stakeholder responses invited by the specified deadline.