Deposits of Financing Amounts. Except as the Association may otherwise agree:
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.
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.
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. SCHEDULE 3 Date Payment Due Principal Amount of the Credit repayable (expressed as a percentage)* On each June 1st and December 1st: commencing on December 1, 2019, to and including June 1, 2029 1.25% commencing December 1, 2029, to and including June 1, 2044 2.5% * The percentages represent the percentage of the principal amount of the Credit to be repaid, except as the Association may otherwise specify pursuant to Section 3.03(b) of the General Conditions. SCHEDULE 4 Disbursement Linked Indicators (DLIs) Indicator Actions to Be Completed in FY2008/09 for Disbursements in FY2009/10 (Year 1) Actions to Be Completed in FY2009/10 for Disbursements in FY2009/10 (Year 2) Actions to Be Completed in FY2010/11 for Disbursements in FY2011/12 (Year 3) Medium-Term Sector Framework (MTSF). The education sector core program for FY2008/09 has been approved and fully financed in accordance with the MTSF. The education sector core program for FY2009//10 and FY2010/11 has been approved and fully financed in accordance with the 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 undertaken a simulation exercise in at least 2 districts for the implementation of a province-wide program instituting performance-linked incentives (cash awards) for teachers in the 20% highest performing schools in each school district. (i) SED has disbursed the performance-linked incentives for FY 2009/10 to the 20% highest performing schools in each district based on the approved policy criteria, as validated by a third party; and (ii) SED has expanded the performance-linked incentive program to include a category allocating 20% of the overall amount of the incentives to schools evidencing the greatest performance improvements. 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 gr...
Deposits of Financing Amounts. Except as the Association may otherwise agree: (i) all withdrawals from the Financing Account shall be deposited by the Association into an account at the National Bank of Moldova designated by the Recipient and acceptable to the Association; and (ii) the Recipient shall ensure that upon each deposit of an amount of the Financing into this account at the National Bank of Moldova, an equivalent amount is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.
