Cofinancier definition
Examples of Cofinancier in a sentence
The Additional Event of Suspension consists of the following, namely that by December 31, 2012, the MDTF Administration Agreement has not been entered into by at least one (1) Co-financier without the Recipient making alternative Project Co-financing arrangements acceptable to the Association.
It is understood the procurement oversight under alternative procurement arrangements will be exercised by the Co-financier through a risk-based approach comprising prior and post reviews.
ADB 400 27% 300 75% Co-financier 766 51% - 0% Government 334 22% 100 25% ADB=Asian Development Bank.
Source: Asian Development Bank ($ million) ADB (OCR) Cofinancier Counterpart Funds Total 1.
The Recipient shall exercise its rights under the Subsidiary Agreement in such manner as to protect the interests of the Recipient, the Association and the Co-financier and to accomplish the purposes of the Credit and the Co-financing.
The Borrower shall not and shall ensure that the EA shall not contact, communicate or discuss any aspect of the Project with the Co-financier in the absence of the designated ADB Project officer (or designate) and shall course all communication related to the Project solely through the designated ADB Project officer (or designate).
Pursuant to Clause 2.01 of the Procurement Framework Agreement, the World Bank is hereby designated as the Lead Cofinancier.