Project Financial Management Unit definition

Project Financial Management Unit or PFMU” means the Project Financial Management Unit established within MOF with a composition and role described in paragraphs C.5 and C.6 of Section I of Schedule 2 to this Agreement. Section I of Schedule 2 to this Agreement.
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Project Financial Management Unit or “PFMU” means a Project Financial Management Unit satisfactory to the Association to be established by a Participating State with the assistance of the Association in its Ministry of Finance, or other location in such Participating State satisfactory to the Association, with responsibility for financial management of Projects financed by the Association in such Participating State;
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Project Financial Management Unit or “PFMU” means the Project Financial Management Unit established within MOF for purposes of financial management of World Bank financed Projects under implementation in the Recipient’s territory.
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Examples of Project Financial Management Unit in a sentence

  • At the national level, the Ministry of Finance and Development Planning will manage project funds through its Project Financial Management Unit.

  • To assess the adequacy of the FM arrangements for managing the project, an FM assessment was carried out at the FDA and the Project Financial Management Unit (PFMU) on June 8, 2015 and updated in January 2016.

  • Responsibility for establishing and maintaining acceptable FM arrangements will be handled by the existing Project Financial Management Unit (PFMU) in the participating states and the Federal Project Financial Management Division (FPFMD) at the federal level.

  • In attendance were Permanent Secretaries and Directors from Ministries of Environment, Agriculture, Women Affairs& Social Development and Cooperatives &Rural Development as well as the Head of the Project Financial Management Unit (PFMU).The purpose of the workshop is to intimate the stakeholders in these states on the update of RAAMP Components.

  • A Project Financial Management Unit (PFMU) hosted in the Ministry of Finance provides centralized project financial management for donor projects as a capacity augmentation arrangement in the short to medium term.

  • Junior IT & digital communication specialistThe financial management aspects of the Project will be managed by a Project Financial Management Unit (PFMU) hosted by the Ministry of Finance, Planning and Economic Development while the PMU will provide operational support for financial transactions of the project.

  • The MFDP will sign off on Grant Agreement and oversee financial management services through its Project Financial Management Unit (PFMU).

  • The Project Financial Management Unit (PFMU) was not established under in Ministry of Finance and Economic Planning (MoFEP), as required in the EPP.

  • The Project Financial Management Unit (PFMU) will continue to perform the financial management work for the project, although there are plans to transfer such responsibilities to a fully constituted financial management (FM) unit in IIU in the future under conditions specified in paragraphs 39 through 41.

  • The Lagos Project Financial Management Unit (PFMU) will be responsible for managing the financial affairs of the project at the State level.


More Definitions of Project Financial Management Unit

Project Financial Management Unit or “PFMU” means the Recipient’s Project financial management unit referred to in Section I.A.5 of Schedule 2 to this Agreement.
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Project Financial Management Unit or “PFMU” means the fiduciary management unit established within the MFDP and referred to in Section I.A.4 of Schedule 2 to this Agreement.
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Project Financial Management Unit means the financial management unit established in each Participating State’s Office of Accountant General to provide financial management services to State’s projects including this Project.
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Project Financial Management Unit or “PFMU” means the unit to be established pursuant to Part A.2 (c) of Schedule 4 to this Agreement;
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Project Financial Management Unit means the fiduciary management unit established within the MFDP and referred to in Section I.A.4 of Schedule 2 to this Agreement.
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Project Financial Management Unit or “PFMU” means the unit set up within the Office of the Accountant General of Cross River State and the Finance and Accountants Department of LSWC, responsible for financial management of the Project in such Participating State;
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Related to Project Financial Management Unit

  • Project Management Unit or “PMU” means the Recipient’s management and Implementation unit referred to in Section I.A.2 of Schedule 2 to this Agreement.

  • Management Group means at any time, the Chairman of the board of directors, the Chief Executive Officer, the President, any Managing Director, Executive Vice President, Senior Vice President or Vice President, any Treasurer and any Secretary of Holdings or other executive officer of Holdings or any Subsidiary of Holdings at such time.

  • Procurement Unit means the unit or department within GRDA that is responsible for administering procurement policies and procedures.

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • LLC means Limited Liability Company.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Blackwater means wastewater contaminated by human body waste, toilet paper and any other material intended to be deposited in a receptor designed to receive urine or feces.

  • Renewable energy means the grid quality electricity generated from renewable energy sources;

  • infrastructure manager means any body or undertaking that is responsible in particular for establishing and maintaining railway infrastructure, or a part thereof, as defined in Article 3 of Directive 91/440/EEC, which may also include the management of infrastructure control and safety systems. The functions of the infrastructure manager on a network or part of a network may be allocated to different bodies or undertakings;

  • Show Management means Questex Expositions, Questex LLC, its co-sponsors and their respective agents, employees and affiliates; (d) “Hall Manage- ment” means the owner or manager of the facility in which the Show is conducted, and its employees and agents; and (e) “Hall” means the facility in which the Show is conducted.

  • Management Company means the firm overseeing the operation and management of the Participating Property; and shall mean the Grantee in any event wherein the Management Company is required to perform any obligations under this Agreement.

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.