Financial Procedures Agreement definition

Financial Procedures Agreement means an agreement to be entered into between the Trustee and any Implementing Partner or the Secretariat;

Financial Procedures Agreement or “FPA” means the framework agreement or arrangement, as the case may be, entered into between the Trustee and an ISA, or the MPTF-O for UN ISAs, with an agreed form of FPA for all Designated MDBs (accommodating Concessionality Components and Grant Operations), an agreed framework FPA for all Designated UN Entities (accommodating only Grant Operations), and any relevant FPA amendments to accommodate Private Sector Operations.

Financial Procedures Agreement means a financial procedures agreement entered into between the Trustee and a Responding Agency;

Examples of Financial Procedures Agreement in a sentence

• Financial Procedures Agreement between the Asian Development Bank and the International Bank for Reconstruction and Development as Trustee of the Global Environment Facility Trust Fund.

• Each Implementing Entity shall be responsible for reporting to the Governing Board on the use of Trust Fund funds transferred to it and its activities carried out therewith in accordance with the respective Financial Procedures Agreement as set out in paragraph 3.3 above.

• In addition, recognizing the obligations of MDB member countries under various United Nations Security Council Resolutions to take measures to prevent financing of terrorists, the Trustee will include in each Financial Procedures Agreement that the MDB will use reasonable efforts, in accordance with the MDB's policies and procedures, to ensure that the funds provided to the MDB by the Trustee are used for their intended purposes and are not diverted to terrorists or their agents.

• The GA is responsible for the use of the grant carried out in accordance with: (i) its own policies and procedures; (ii) the Board’s Approval; (iii) the applicable GPE policies and guidelines; and (iv) the Financial Procedures Agreement.

• Ideally, the Financial Procedures Agreement should be in place and signed by the Trustee and the grant agent by the time the allocation decision is made by the Board.

More Definitions of Financial Procedures Agreement

Financial Procedures Agreement or “FPA” means the financial procedures agreement entered into between the Trustee and an IE. “Fiscal Year” means the fiscal year of the World Bank from July 1 through June 30.

Financial Procedures Agreement or “FPA” means the agreement or arrangement, as the case may be, entered into between the Trustee and an ISA for the receipt of Trust Fund funds by the ISA, both for TC-Execution and ISA-Execution.

Financial Procedures Agreement means the financial procedures agreement between the Trustee and the Partner Agency providing for the administration, commitment and disbursement of the Fund’s resources allocated to the Partner Agency, as such agreement may be amended from time to time. “Financial Procedures Agreement” includes these Standard Provisions as applied to the Financial Procedures Agreement, and all annexes, schedules and agreements supplemental to the Financial Procedures Agreement;

Financial Procedures Agreement includes these Standard Provisions as applied to the Financial Procedures Agreement, and all annexes, schedules and agreements supplemental to the Financial Procedures Agreement;

Financial Procedures Agreement or “FPA” means the financial procedures agreement entered into between the Trustee and an IE.

Financial Procedures Agreement or “FPA” means the financial procedures agreement entered into between the Trustee and a SE.

Financial Procedures Agreement or “FPA” means the framework agreement or arrangement, as the case may be, entered into between the Trustee and an ISA, or the MPTF-O for UN ISAs, with an agreed form of FPA for all Designated MDBs (accommodating Concessionality Components and