Resources for General Inspection and Supervision. During the disbursement period, resources of the Financing shall not be allocated to cover the Bank’s expenses for general inspection and supervision, unless otherwise established by the Bank during said period as a result of its periodic review of financial charges, in accordance with the applicable provisions of the Bank’s policy on lending rate methodology in ordinary capital loans, and the Borrower is notified by the Bank in this regard. Under no circumstance shall there be a charge for this purpose in any semester which is greater than the amount which results from applying 1% to the amount of the Financing, divided by the number of semesters included in the original disbursement period.
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Samples: idbdocs.iadb.org, idbdocs.iadb.org, idbdocs.iadb.org
