BETF definition

BETF means a trust fund that is used to finance activities of a World Bank Group entity;
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Examples of BETF in a sentence

  • EU Management modes – Choosing the Management mode Direct Management BETF Indirect Management RETF (as part of a Hybrid TF) Hybrid TF Indirect Management Commission and World Bank Group (WBG) entity staff must agree on the management mode for the entire Action to be financed under the Trust Fund.

  • When the WBG entity receives funds under indirect management it shall supervise and manage the undertaking of the action and enter into contracts and/or Grant Agreements in accordance with its policies and procedures subject to Hybrid Trust Funds are trust funds that include both BETF and RETF components; they are to be managed under Indirect Management.

  • The activities to be financed by the Trust Fund are: [2.1] Bank-executed activities, for which the Bank has implementation responsibility: 6 Include as a BETF component for programmatic trust funds.

  • In case of a BETF, the World Bank Group entity shall carry out the Project in accordance with the Administration Agreement, including the Description of the Project contained in Annex I, and in accordance with the World Bank Group entity's policies and procedures.

  • In case of a BETF, the World Bank Group entity shall carry out the Project in accordance with the Administration Agreement, including the Description of the Project contained in Annex I, and in accordance with the World Bank Group entity’s policies and procedures.