IBRD Sample Clauses

IBRD. In the case of the IBRD loan, a Designated Account denominated in euro will be opened by the Minister of Finance in the National Bank of Poland in which funds withdrawn from the Loan Account will be deposited before they are transferred to the state budget. This account will be replenished from the loan proceeds based on quarterly FMR reports, to be prepared by the PCU. Funds are withdrawn from the Designated Account after a disbursement request has been submitted to the Ministry of Finance through the Minister of Administration and Digitization based on requests for disbursement of funds submitted by the Implementing Agencies. Payments out of the Designated Account may be made exclusively to finance eligible expenditures in accordance with the provisions of the Loan Agreement for the purpose of achieving the project objectives within agreed project components for defined implementing entities, included in the procurement plan, procured in accordance with the World Bank procurement requirements. Expenditures categories are as follows: Goods, Works, Non-consulting Services, Consultants’ Services, Resettlement Compensation, Training, and Incremental Operating Costs.
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