Parallel-financing definition
Parallel-financing means an arrangement whereby the Bank and one or more parties other than the Borrower finance separate categories of expenditures or packages of the same project, or of the same part of a project, but each under its own procurement rules.
Parallel-financing means an arrangement whereby the Bank and one or more parties other than the Borrower individually finance separate categories of expenditures, project components or sub-components, contracts or packages of the same project, or of the same part of a project.
Parallel-financing means an amount of about $100,000,000 provided by the Parallel Financier to assist in financing by the Project Implementing Entity of the semi-urban drinking water supply and sanitation project.