Deposit of Financing Amounts. 1. The Recipient, within thirty (30) days after the withdrawal of the Financing from the Financing Account, shall report to the Association: (a) the exact sum received into the account referred to in Section 2.03 (a) of the General Conditions; (b) the details of the account to which the Indian Rupees equivalent of the Financing proceeds will be credited; (c) the record that an equivalent amount has been accounted for in the Recipient’s budget management systems; and (d) the statement of receipts and disbursement of the account referred to in Section 2.03 (a) of the General Conditions.
Deposit of Financing Amounts. 1. Notwithstanding the provisions of Section 2.03 of the General Conditions:
(a) the Recipient shall open, prior to furnishing to the Association the first request for withdrawal from the Financing Account, and thereafter maintain on terms and conditions satisfactory to the Association a dedicated account in Australian Dollar (“Local Currency Dedicated Account”) which forms part of the Recipient’s foreign exchange reserves; and
(b) all withdrawals from the Financing Account shall be deposited by the Association into the Local Currency Dedicated Account. Upon each deposit of an amount of the Financing into the Local Currency Dedicated Account, the Recipient shall ensure that an equivalent is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.
2. The Recipient, within thirty (30) days after the withdrawal of the Financing from the Financing Account, shall report to the Association: (a) the exact sum received into the Local Currency Dedicated Account; (b) the details of the account to which the Australian Dollar equivalent of the Financing proceeds will be credited; (c) the record that an equivalent amount has been accounted for in the Recipient’s budget management system; and (d) the statement of receipts and disbursement of the Local Currency Dedicated Account.
Deposit of Financing Amounts. 1. Notwithstanding the provisions of Section 2.03 of the General Conditions:
(a) the Recipient shall open, prior to furnishing to the Association the first request for withdrawal from the Financing Account, and thereafter maintain on terms and conditions satisfactory to the Association, a dedicated account in Dollars (“Foreign Currency Dedicated Account”) which forms part of the Recipient’s foreign exchange reserves; and
(b) all withdrawals from the Financing Account shall be deposited by the Association into the Foreign Currency Dedicated Account. Upon each deposit of an amount of the Financing into the Foreign Currency Dedicated Account, the Recipient shall ensure that an equivalent amount in Tongan Pa’anga is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.
2. The Recipient, within thirty (30) days after the withdrawal of the Financing from the Financing Account, shall report to the Association: (a) the exact sum received into the Foreign Currency Dedicated Account; (b) the details of the account to which the Tongan Pa’anga equivalent of the Financing proceeds will be credited;
Deposit of Financing Amounts. 1. The Recipient shall open, prior to furnishing to the Association the first request for withdrawal from the Financing Account, and thereafter maintain a dedicated deposit account (“Deposit Account”) on terms and conditions satisfactory to the Bank:
2. The Recipient shall ensure that upon each deposit of an amount of the Financing into the Deposit Account, an equivalent amount is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.
Deposit of Financing Amounts. 1. Except as the Association may otherwise agree:
(a) all withdrawals from the Financing Account shall be deposited by the Association into an account designated by the Recipient and acceptable to the Association; and
(b) the Recipient shall ensure that upon each deposit of an amount of the Financing into this account, an equivalent amount is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.
2. The Recipient shall open, prior to furnishing to the Association the first request for withdrawal from the Financing Account, and thereafter maintain a deposit account in United States Dollars at the Bank of Lao PDR designated by the Recipient and on terms and conditions satisfactory and acceptable to the Association.
3. The Recipient shall confirm to the Association:
(a) the name and number of the bank account mentioned in paragraph 1(a) above;
(b) the foreign currency amount received in the designated deposit account referred to in paragraph 2 above;
(c) the foreign currency amounts withdrawn from the said designated deposit account at the Bank of Lao PDR, and, where funds are transferred into local currency, the equivalent amounts credited in local currency to the Central Treasury Account to finance budgeted expenditures; and
(d) the date and name, and/or number of the Central Treasury Account to finance budgeted expenditures into which the local currency amounts have been deposited.
Deposit of Financing Amounts. The Recipient, within thirty (30) days after the withdrawal of the Financing from the Financing Account, shall report to the Association: (a) the exact sum received into the account referred to in Section 2.03 (a) of the General Conditions; (b) the details of the account to which the Eastern Caribbean Dollars (XCD) equivalent of the Financing proceeds will be credited; (c) the record that an equivalent amount has been accounted for in the Recipient’s budget management systems; and (d) the statement of receipts and disbursement of the account referred to in Section 2.03 (a) of the General Conditions.
Deposit of Financing Amounts. 1. Notwithstanding the provisions of Section 2.03 of the General Conditions:
(a) the Recipient shall open, prior to furnishing to the Association the first request for withdrawal from the Financing Account, and thereafter maintain on terms and conditions satisfactory to the Association a dedicated account in Australian Dollar (“Local Currency Dedicated Account”); and
(b) all withdrawals from the Financing Account shall be deposited by the Association into the Local Currency Dedicated Account. Upon each deposit of an amount of the Financing into the Local Currency Dedicated Account, the Recipient shall ensure that an equivalent is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.
2. The Recipient, within thirty (30) days after the withdrawal of the Financing from the Financing Account, shall report to the Association: (a) the exact sum received into the Local Currency Dedicated Account; (b) the details of the account to which the Australian Dollar equivalent of the Financing proceeds will be credited; (c) the record that an equivalent amount has been accounted for in the Recipient’s budget management systems; and (d) the statement of receipts and disbursement of the Local Currency Dedicated Account.
Deposit of Financing Amounts. 1. Notwithstanding the provisions of Section 2.03 of the General Conditions:
(a) the Recipient shall open, prior to furnishing to the Association the first request for withdrawal from the Financing Account, and thereafter maintain the following three dedicated accounts on terms and conditions satisfactory to the Association:
(i) a dedicated account in Dollars for Credit (A) (“Credit (A) Foreign Currency Dedicated Account”); and (ii) a dedicated account in Dollars for Credit (B) (“Credit (B) Foreign Currency Dedicated Account”), each at the Central Bank of Uzbekistan; and
(b) all withdrawals from the Financing Account shall be deposited by the Association into the Foreign Currency Dedicated Accounts. Upon each deposit of an amount of the Financing into the Foreign Currency Dedicated Accounts, the Recipient shall deposit an equivalent amount into the Treasury Single Account System.
2. The Recipient, within thirty (30) days after the withdrawal of the Financing from the Financing Account, shall report to the Association: (a) the exact sum received into the Foreign Currency Dedicated Accounts; (b) the details of the account to which the Sums equivalent of the Financing proceeds will be credited; (c) the record that an equivalent amount has been accounted for in the Recipient’s budget management systems; and (d) the statement of receipts and disbursement of the Foreign Currency Dedicated Accounts.
Deposit of Financing Amounts. 1. Notwithstanding the provisions of Section 2.03 of the General Conditions:
(a) all withdrawals from the Financing Account shall be deposited by the Association into a deposit account in Dollar (“Foreign Currency Deposit Account”) designated by the Recipient and acceptable to the Association; and;
(b) the Recipient shall ensure that upon the deposit of an amount of the Financing into the Foreign Currency Deposit Account, an equivalent amount in Samoan Tala is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.
2. The Recipient, within thirty (30) days after the withdrawal of the Financing from the Financing Account, shall report to the Association: (a) the exact sum received into the Foreign Currency Deposit Account; (b) the details of the account to which the Samoan Tala equivalent of the Financing proceeds will be credited; (c) the record that an equivalent amount has been accounted for in the Recipient’s budget management systems; and (d) the statement of receipts and disbursement of the Foreign Currency Deposit Account.
Deposit of Financing Amounts. 1. The Recipient shall open, prior to furnishing to the Association the first request for withdrawal from the Financing Account, and thereafter maintain the following two deposit accounts (“Deposit Accounts”) on terms and conditions satisfactory to the Bank:
(a) a deposit account in United States Dollars (“Foreign Currency Deposit Account”); and
(b) a deposit account in Ugandan Shillings (“Local Currency Deposit Account”).
2. All withdrawals from the Financing Account shall be deposited by the Association into the Foreign Currency Deposit Account. Upon each deposit of an amount of the Financing into the Foreign Currency Deposit Account, the Recipient shall deposit an equivalent amount into the Local Currency Deposit Account. All amounts withdrawn from the Local Currency Deposit Account shall be used exclusively for budgeted public expenditures.
