Examples of SCF Trust Fund Committee in a sentence
This amount excludes net commitments for SCF administrative budget, including Country Programming budget, approved by the SCF Trust Fund Committee.
Consistent with the SCF Governance Framework, the SCF Trust Fund Committee will establish a Sub-Committee for the FIP to oversee the operations and activities of the Pilot Program.
Section 16.1. Unless extended by mutual agreement, this Agreement will terminate on the date which is four (4) months after the last date on which any Principal Repayment or Income is scheduled to be received by the Implementing Entity, as notified by the Implementing Entity consistent with the applicable terms of the SCF funding approved by the SCF Trust Fund Committee or the relevant SCF Sub-committee, as the case may be.
At the intersessional meeting of the SCF Trust Fund Committee on November 20, 2019, options to streamline the governance of the current SCF were discussed.
The decision to include action areas in the current format of CTF or SCF must be made by the CTF or the SCF Trust Fund Committee with agreement from the Trustee and the CIF Administrative Unit.
Section 5.1. The funds transferred to the Implementing Entity under Section 4 of this Agreement may be used only for the purpose for which they have been provided under the terms of the SCF Governance Framework Document, the Design Document for the respective SCF Program and applicable decisions of the SCF Sub-committee, including relevant Proposals approved by the SCF Trust Fund Committee or the relevant SCF Sub-committee, as the case may be, for individual allocations of SCF Trust Fund funds.
Any amount earned on the investment of SCF Trust Fund funds transferred to the Implementing Entity as Administrative Budget may be retained by the Implementing Entity and is not required to be reported or returned to the Trustee if so approved by the SCF Trust Fund Committee.
Each programme will have its own governance framework but creation of new programmes will have to be approved by the SCF Trust Fund Committee and plans for them have to be submitted to the World Bank Executive Directors ‘for information’ (ibid: para 22; also see section III below).
The CIF Administrative Unit would track and report on activities for each action area based on notional amounts.Implementation of this option under the SCF would require the creation of a new Global Program with oversight by the SCF Trust Fund Committee.
Given that decisions pertaining to SCF are the sole responsibility of the SCF Trust Fund Committee, a summary of the relevant information vis-à-vis SCF is presented in this document.