Disbursement Arrangements. The table in Schedule 1 provides the disbursement methods which may be used by the Recipient, information on registration of authorized signatures, processing of withdrawal applications (including minimum value of applications and advances), instructions on supporting documentation, and frequency of reporting on the Designated Account.
Disbursement Arrangements. (a) Start-up Advance. Withdrawals in respect of expenditures for start-up costs incurred before the satisfaction of the general conditions precedent to withdrawal shall not exceed an aggregate amount of EUR 280,000 for expenditure in categories II and IV. Activities to be financed by start-up costs will require the no objection from IFAD to be considered eligible. Schedule 3
Disbursement Arrangements. The Disbursement Arrangements will be set forth in detail in the Letter to the Borrower.
Disbursement Arrangements. 19. The Loan and Grant proceeds will be disbursed in accordance with ADB’s Loan Disbursement Handbook (2015, as amended from time to time), and the detailed arrangements agreed upon between the government and ADB as set out in the FAM. DOW will maintain separate bank accounts for each tranche. ADB Financing Agreements PNG PARD DTR DOW XXXX PNRM PMO ADVISORS/ CONSULTANTS ADB TRANSPORT TEAM SUPERVISION CONSULTANTS WORKS CONTRACTORS DOW-PMO TEAM Figure 1: Organization Structure for Project Management Figure 2: Indicative Implementation Schedule 2017 2018 2019 2020 2021 2022 0000 0000 0000 2026 2027 Program Activities 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
Disbursement Arrangements. The table in Schedule 1 of this DFIL sets out the disbursement methods which may be used by the Recipient, information on registration of authorized signatories, processing of Withdrawal Applications (including the processing of advances from the Advance), instructions on supporting documentation, and reporting of advances. The Disbursement Guidelines for Investment Project Financing, dated February 2017 (“Disbursement Guidelines”), are available on the Bank’s secure website “Client Connection” at xxxxx://xxxxxxxxxxxxxxxx.xxxxxxxxx.xxx and its public website at xxxxx://xxx.xxxxxxxxx.xxx. The Disbursement Guidelines are an integral part of the DFIL, and the manner in which the provisions in the Disbursement Guidelines apply to the Project Preparation Advance is specified below.
Disbursement Arrangements. The table in Schedule 1provides the disbursement methods which may be used by the Recipient, information on registration of authorized signatures, processing of withdrawal applications (including minimum value of applications and advances), instructions on supporting documentation, and frequency of reporting on the Designated Account. • Special Provision. Projects in situations of urgent need of assistance or capacity constraints: Disbursements under contracts for goods, works, non-consulting services and consulting services procured or selected through international open Public Disclosure Authorized or limited competition or Direct Selection, as set out in the procurement plan, must be made only through Direct Payment and/or Special Commitment disbursement methods.
Disbursement Arrangements. Retroactive financing. As an exception to section 4.08(a) (ii) of the General Conditions, specific eligible expenditures incurred as of the date it is approved by the Executive Board in the December 2021 session, until the date of entry into force of this Agreement shall be considered eligible up to an amount equivalent to one million Euros (EUR 1 000 000) for activities relating to: recruitment of the PMU staff, undertake preparation of bidding documents, work on readiness for selection of partner organisations, hiring of staff and operational costs of PMU. Activities to be financed by retroactive financing and their respective category of expenditures and source of financing will require prior no objection from IFAD to be considered eligible. Pre-financed eligible expenditures shall be reimbursed to the Borrower once additional conditions precedent to the first disbursement of funds specified in Section E.2 are fulfilled. Schedule 3
Disbursement Arrangements. (a) Co-financing arrangement. The Project will be managed under a co-financing arrangement with the World Bank (WB) as the Cooperating Institution (CI) whereby all project activities will be jointly financed, and funds will be disbursed in agreed proportions which can be revised from time to time with IBRD on a pari-passu basis through an agreement between IBRD/XXX (collectively referred to as “the World Bank”) and IFAD.
Disbursement Arrangements. Public Disclosure Authorized
Disbursement Arrangements. In order to increase the quality of operations and ensure good business practices, the financial management will be separated from other functions of the National Focal Point. Management of all operations related to financial transactions will be assigned to the State Treasury Department of the Ministry of Finance. The responsibility of the State Treasury Department of the Ministry of Finance is to: • manage the accounts on which grants from the EEA Financial Mechanism are kept; • check the applications for payment prepared by the CPMA; • ensure that payments are made to beneficiaries as quickly as possible; • store all relevant documents relating to projects implemented within the EEA Financial Mechanism for 10 years after the completion of projects. The CPMA will be responsible for checking and certification of the payment claims to the FMO.
