The Interim Fund Credit. Section 2.01. The Administrator agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Interim Fund Development Credit Agreement, an amount in various currencies equivalent to four million nine hundred thousand Special Drawing Rights (SDR 4,900,000).
Section 2.02. (a) The amount of the Interim Fund Credit may be withdrawn from the Interim Fund Credit Account in accordance with the provisions of Schedule 1 to this Agreement for expenditures made (or, if the Administrator shall so agree, to be made) in respect of the reasonable cost of goods and services required for the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Interim Fund Credit.
The Interim Fund Credit. Section 2.01. The Administrator agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Interim Fund Development Credit Agreement, an amount in various currencies equivalent to sixty-nine million one hundred thousand Special Drawing Rights (SDR69,100,000).
(a) The Borrower shall open, prior to furnishing to the Administrator the first request for withdrawal from the Interim Fund Credit Account, and thereafter maintain in its central bank, a deposit account in dollars on terms and conditions satisfactory to the Administrator. All withdrawals from the Interim Fund Credit Account shall be deposited by the Administrator into the Deposit Account.
(b) Subject to the provisions of paragraph (c) of this Section, the Borrower shall be entitled to use the proceeds of the Interim Fund Credit withdrawn from the Interim Fund Credit Account and deposited into the Deposit Account in support of the Program.
(c) The Borrower undertakes that the proceeds of the Interim Fund Credit shall not be used to finance expenditures excluded pursuant to the provisions of Schedule 1 to this Agreement. If the Administrator shall have determined at any time that any proceeds of the Interim Fund Credit shall have been used to make a payment for an expenditure excluded pursuant to the provisions of said Schedule 1, the Borrower shall, promptly upon notice from the Administrator, (i) deposit into the deposit account referred to in paragraph (b) of this Section an amount equal to the amount of said payment, or (ii) if the Administrator shall so request, refund such amount to the Administrator. Amounts refunded to the Administrator upon such request shall be credited to the Interim Fund Credit Account for cancellation.
(d) No withdrawal shall be made from the Credit Account after the aggregate of the proceeds of the Credit withdrawn from the Credit Account shall have reached the equivalent of SDR34,550,000, unless the Administrator shall be satisfied, after an exchange of views as described in Section 3.01 of this Agreement based on evidence satisfactory to the Administrator: (A) with the progress achieved by the Borrower in the carrying out of the Program; (B) that the macro-economic policy framework of the Borrower is consistent with the objectives of the Program; and (C) that the actions described in Schedule 2 to this Agreement have been taken in form and substance satisfactory to the Administrator.
(e) If, after any of the exchange of views described a...
The Interim Fund Credit. Section 2.01. The Administrator Association agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Interim Fund Development Credit Agreement, an amount in various currencies equivalent to nineteen million three hundred thousand Special Drawing Rights (SDR 19,300,000).
Section 2.02. (a) The amount of the Interim Fund Credit may be withdrawn from the Interim Fund Credit Account in accordance with the provisions of Schedule 1 to this Agreement for: (i) expenditures made (or, if the Administrator Association shall so agree, to be made) in respect of the reasonable cost of goods and services required for the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Interim Fund Credit; and (ii) amounts paid (or, if the Administrator Association shall so agree, to be paid) on account of withdrawals made for the benefit of an Eligible ECD Center under a Grant to meet the reasonable cost of Eligible ECD Center Expenditures, and in respect of which the withdrawal from the Interim Fund Credit Account is requested.
The Interim Fund Credit. Section 2.01. The Administrator agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Interim Fund Development Credit Agreement, an amount in various currencies equivalent to eight million nine hundred thousand Special Drawing Rights (SDR8,900,000).
Section 2.02. (a) The amount of the Interim Fund Credit may be withdrawn from the Interim Fund Credit Account in accordance with the provisions of Schedule 1 to this Agreement for: (i) expenditures made (or, if the Administrator shall so agree, to be made) in respect of the reasonable cost of goods and services required for the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Interim Fund Credit; and (ii) amounts paid (or, if the Administrator shall so agree, to be paid) on account of withdrawals made for the benefit of an Eligible RDC under a Grant, a Loan, a Sub-grant or a Sub-loan to meet the reasonable cost of Eligible RDC Expenditures, and in respect of which the withdrawal from the Interim Fund Credit Account is requested.
The Interim Fund Credit. Section 2.01. The Administrator agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Interim Fund Development Credit Agreement, an amount in various currencies equivalent to one hundred eight million five hundred thousand Special Drawing Rights (SDR108,500,000).
Section 2.02. (a) The amount of the Interim Fund Credit may be withdrawn from the Interim Fund Credit Account in accordance with the provisions of Schedule 1 to this Agreement for (i) expenditures made (or, if the Administrator shall so agree, to be made) in respect of the reasonable cost of goods and services required for the Project described in Schedule 2 to this Agreement (other than Part E(2) of the Project) and to be financed out of the proceeds of the Interim Fund Credit; and (ii) amounts paid (or, if the Administrator shall so agree, to be paid) on account of withdrawals made by Microfinance Beneficiaries under Microfinance Sub-loans to meet the reasonable cost of goods and services required for the Microfinance Sub-projects in respect of which withdrawal from the Interim Fund Credit Account is requested.
The Interim Fund Credit. Section 2.01. The Administrator agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Interim Fund Development Credit Agreement, an amount in various currencies equivalent to seventy-four million three hundred thousand Special Drawing Rights (SDR 74,300,000).
Section 2.02. (a) The amount of the Interim Fund Credit may be withdrawn from the Interim Fund Credit Account in accordance with the provisions of Schedule 1 to this Agreement for:
(i) expenditures made (or, if the Administrator shall so agree, to be made) in respect of the reasonable cost of goods and services required for the Project described in Schedule 2 to this Agreement (other than Part C.4 and Part D of the Project) and to be financed out of the proceeds of the Interim Fund Credit;
(ii) amounts paid (or, if the Administrator shall so agree, to be paid) on account of withdrawals made by TVEs under TVE Sub-loans to meet the reasonable cost of goods and services required for the TVE Sub-project in respect of which withdrawal from the Interim Fund Credit Account is requested; and
(iii) amounts paid (or, if the Administrator shall so agree, to be paid) on account of withdrawals made by Rural Marketing Groups under Marketing Infrastructure Sub-loans to meet the reasonable cost of goods and services required for the Marketing Sub-project in respect of which withdrawal from the Interim Fund Credit Account is requested.
The Interim Fund Credit. Section 2.01. The Administrator agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Interim Fund Development Credit Agreement, an amount in various currencies equivalent to twenty million six hundred thousand Special Drawing Rights (SDR 20,600,000).
Section 2.02. (a) The amount of the Interim Fund Credit may be withdrawn from the Interim Fund Credit Account in accordance with the provisions of Schedule 1 to this Agreement for expenditures made (or, if the Administrator shall so agree, to be made) in respect of the reasonable cost of goods and services required for the Project described in Schedule 2 to this Agreement (other than Part A.1 (a) and A.5 thereof) and to be financed out of the proceeds of the Interim Fund Credit, and amounts paid (or, if the Administrator shall so agree, to be paid) in respect of grants to meet the reasonable costs of goods and services required under a sub-project and in respect of which the withdrawal from the Interim Fund Credit Account is requested.
The Interim Fund Credit. Section 2.01. The Administrator agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Interim Fund Development Credit Agreement, an amount in various currencies equivalent to twenty-nine million six hundred thousand Special Drawing Rights (SDR 29,600,000).
Section 2.02. (a) The amount of the Interim Fund Credit may be withdrawn from the Interim Fund Credit Account in accordance with the provisions of Schedule 1 to this Agreement: (i) for expenditures made (or, if the Administrator shall so agree, to be made) in respect of the reasonable cost of goods and services required for the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Interim Fund Credit; and (ii) for amounts paid (or, if the Administrator shall so agree, to be made) by the Borrower on account of withdrawals made by Beneficiaries under a Grant to meet the reasonable cost of goods and services required for the Community Micro-project in respect of which the withdrawal from the Interim Fund Credit Account is requested.
