In fact, trade related OOF has been directed overwhelmingly to MICs (96%), with only 3.5%% going to the least developed (Figure 11.8). At the aggregate level, the shares of loans and grants have been almost equal since 2006. Yet 63.4% of disbursements to LICs have been made as grants, whereas MICs have received 67.4% as loans. The share of total country-specific aid-for-trade disbursements for the LDCs was 31.9%, while other LICs received 2.9%, 65.3% went to MICs.