Deposits of Financing Amounts. Except as the Association may otherwise agree:
1. 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
2. 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.
Deposits of Financing Amounts. Except as the Association may otherwise agree:
Deposits of Financing Amounts. Except as the Association may otherwise agree:
1. the Recipient shall open, prior to presenting to the Association the first request for withdrawal from the Financing Account, and thereafter maintain a deposit account in Dollar (“Foreign Currency Deposit Account”) on terms and conditions satisfactory to the Association. All withdrawals from the Financing Account shall be deposited by the Association into the Foreign Currency Deposit Account; and
2. the Recipient shall ensure that upon each deposit of an amount of the Financing into the Foreign Currency Deposit Account, an equivalent amount is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.
Deposits of Financing Amounts. Except as the Association may otherwise agree:
1. The Recipient shall open, prior to furnishing to the Association the first request for withdrawal from the Financing Account, and thereafter maintain, a separate deposit account in FCFA on terms and conditions satisfactory to the Association (“Deposit Account”).
2. All withdrawals from the Financing Account shall be deposited by the Association into the Deposit Account.
3. 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.
Deposits of Financing Amounts. 1. The Recipient shall open, prior to furnishing to the Association the first request for withdrawal from the Credit Account, and thereafter maintain in its Central Bank a deposit account in dollars on terms and conditions satisfactory to the Association.
2. All withdrawals from the Credit Account shall be deposited by the Association into the Deposit Account. Upon each deposit of an amount of the Credit into the Deposit Account, the Recipient shall transfer to Andhra Pradesh an amount in Rupees equivalent to the amount deposited in the Deposit Account as of the day of such deposit. Such transfer shall be made in accordance with the Recipient’s standard arrangements for onlending of external development funds to the States of India.
Deposits 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 (“Dedicated 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 Dedicated Account, an equivalent amount is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.
Deposits 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 Dollars (“Foreign Currency Deposit Account”); and
(b) a deposit account in Gourdes (“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 and any amounts withdrawn from the Local Currency Deposit Account shall be used for Recipient’s expenditures except the Excluded Expenditures.
Deposits of Financing Amounts. Except as the Association may otherwise agree: 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 the Recipient shall ensure that upon each deposit of an amount of the Financing into this account, an equivalent amount in Rupees shall be deposited, within two (2) working days, in the Punjab’s Consolidated Fund – Account No. 1 (Non-Food), in a manner acceptable to the Association. Medium-Term Sector Framework (MTSF). The education sector core program activities for FY2010/11 has been approved and fully financed in accordance with the MTSF. Improving teachers’ performance SED has disbursed the performance-linked incentives for FY 2010/2011 to: (A) the 20% highest performing schools in each district, and (B) the schools evidencing the greatest performance improvements, based on the approved criteria, and validated by a third party. Improvements in Basic School Facilities (i.e. boundary walls, clean drinking water, toilets and electricity). SED has provided basic missing facilities on a whole-school approach basis to an additional 1500 public schools, as validated by a third party. School up-gradation. (i) SED has upgraded an additional 800 primary schools to middle schools, and an additional 200 middle schools to high schools; and (ii) SED has conducted a third party validation of the up-gradation exercise. Delivery of free textbooks to public schools. (i) SED has delivered free textbooks to at least 90% of the Project Implementing Entity’s public schools within the first month of the academic year beginning in April 2010; and (ii) SED has commenced the field testing of at least 5 newly developed books, on sample basis, in at least 8 school districts. Timely provision of Girls’ Stipends in grades 6 to 10 in public schools. SED has delivered the Girls Stipends to at least 90% of the eligible girls (grades 6-10 in public schools) as per the following schedule: Quarter By date Public financial support for students in low costs private schools. (i) PEF has expanded its financial support to cover approximately 1,500 schools under the FAS Program and 200 schools under the NSP, with appropriate resources (budgetary allocation for PEF Grants for FY 2010/11 ) in line with the Medium-Term Sector Framework; and (ii) the Project Implementing Entity has transferred to PEF the pro rata portion of the annual budgeted allocation for PEF Grants within one month of t...
Deposits 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 in the Central Bank of Liberia a 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.
Deposits 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, on terms and conditions satisfactory to the Association, a deposit account in Dollars (“Foreign Currency Account for PRSO II”).
2. All withdrawals from the Financing Account shall be deposited by the Association into the Foreign Currency Account for PRSO II. Upon each deposit of an amount of the Financing into the Foreign Currency Account for PRSO II, the Recipient shall convert such an amount into Lari and deposit such Lari amount into the Treasury Single Account.
