Applying for funds for the implementation of the Project from the international financiers and from the state budget Sample Clauses

Applying for funds for the implementation of the Project from the international financiers and from the state budget. The Borrower is the Government of the Republic of Poland. Funds for the implementation of the Project are obtained, on behalf of the Borrower, by the Minister of Finance on the basis of a quarterly reports including cash requirement forecast prepared by the PCU. The CEB funds will be disbursed on the basis of applications submitted by the Minister of Administration and Digitization. The Minister of Finance makes the first advance withdrawal of the proceeds of the IBRD loan and of the CEB loan. The IBRD loan proceeds are kept in a Designated Account, while CEB funds are transferred straight away to the state budget.
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