Examples of Apex Unit in a sentence
The Apex Unit staff, however, lacked credit assessment and financial risk management skills.
Supervision costs of ADSP includes supervision and oversight of the Enterprise Development Fund (EDF) and Apex Unit that was transferred from Bank of Zambia to the Development Bank of Zambia (DBZ), both of which was done under SCCF sub-component.2. The supervision period costs also include project idea development costs of three full size IDA projects in the current Zambia portfolio, prior to entering the pipeline and activation of the respective Project preparation BB.
Supervision of PSD II in early stages of the project coincided with PSD I supervision, and was simplified by the fact that both projects had the same PIU (Apex Unit of the NBM), the same PFIs, and the same sub-project financing criteria.
The successful operation of various Bi-partite fora at the Apex, Unit and Shop-floor levels have contributed immensely towards smooth functioning of the Company.A meeting of apex level Bi-partite Forum NJCC was held on 21.8.2017 and 19.3.2018 at Corporate Office, Kolkata.
At the MTR, stakeholders decided to reallocate SCCF funds to other IAs, leaving a balance of US$80,000 to help build capacity of the Apex Unit to continue with effective management of EDF and for other future lines of credit.
The Bank retained the right of final approval of each sub-loan, with the understanding that, as PCBs progressed in terms of credit and risk management capacity, these arrangements would be modified to fully entrust PCBs to approve sub-projects introducing with only a post-review by the Apex Unit.
While there was no expectation that the Apex Unit would fully undertake the latter tasks, its objective and professional contribution to the PFI and sub-project credit risk evaluation would have been helpful to the Bank team's work.
Under this component, approval procedures for sub-loans of less than US$5,000 with a maturity of less than six months were streamlined, requiring only post-review by the Apex Unit, and no prior review by the Bank.
Project supervision reports also indicate that the PESP helped support the institutional development of the Apex Unit.
At the same time, arrangements for internal and external sources were made to provide formal training to the Apex Unit and the PFIs on: (i) environmental screening and appraisal procedures; (ii) Bank procurement procedures; and(iii) financial appraisal of the sub-projects.