FFDU definition
Examples of FFDU in a sentence
The Borrower shall maintain, or cause to be maintained, procedures and separate records and accounts adequate to monitor and record the progress of, and procurement made under Parts A, B, and D of the Project and each Sub-project (including its cost and the benefits to be derived from it) and to reflect in accordance with consistently maintained sound accounting practices the operations and financial condition of FFDU and the Borrower.
Not later than June 30 each year, the Borrower, through FFDU, shall prepare and furnish to the Bank a report, of such scope and detail as the Bank shall reasonably request, on the audits of the financial statements of the Eligible Project Entities and of the separate records and accounts that such Entities maintain for purposes of the Project.