Project Fiduciary Management Unit definition

Project Fiduciary Management Unit or “PFMU” means the Recipient’s unit established under the Ministry of Finance responsible for the financial management, procurement, and audit under the Project, as referred to in Section I.A.4 of Schedule 2 to this Agreement.

Project Fiduciary Management Unit or “PFMU” means the unit referred to in Section I.A.4 of Schedule 2 to this Agreement.

Project Fiduciary Management Unit means a unit established withing the Recipient’s Ministry of Finance, as referred to in Section 2.03 of the Annex to this Agreement.

Examples of Project Fiduciary Management Unit in a sentence

• Payment for the Bidding Document must be made to the account below and the Bank Slip presented to the Finance Unit of the Project Fiduciary Management Unit.

• The core PIU includes a Project Coordinator, Procurement Specialist, and Financial Management Specialist (pending operationalization of the Project Fiduciary Management Unit PFMU).

• Paid-up bidders with evidence of receipt from Ecobank shall receive bidding documents at Project Fiduciary Management Unit (PFMU) 13A Howe Street, Africanus House, Third Floor, Freetown, Sierra Leone.

• The bids shall be addressed to the Team Lead, Project Fiduciary Management Unit, Ministry of Finance, George Street, Freetown, Sierra Leone.

• The Project Fiduciary Management Unit of the Ministry of Finance now invites sealed Bids from eligible Bidders for Construction of Bus Stops for East and West Corridors for Public Transport Buses.

• A financial management assessment of the Project Fiduciary Management Unit (PFMU) of the Ministry of Finance and Economic Development (MoFED) was conducted in accordance with OP10.00 as complemented with the FM guidelines outlined in the Financial Management Practices Manual issued by the Financial Management Sector Board on March 1, 2010.

• The World Bank conducted a Financial Management (FM) assessment to determine the adequacy of the financial management systems of the Project Fiduciary Management Unit (PFMU) of the Ministry of Finance and Economic Development (MoFED).

• The Project Fiduciary Management Unit (PFMU), established under the Ministry of Finance, will be responsible for all fiduciary functions, including procurement, financial management, M&E, and internal audit for all World Bank supported projects.

• The Project Fiduciary Management Unit (PFMU) will be piloted using a selection of projects and based on the pilot experience decisions will be made whether to institutionalize the PFMU.

• The government of Sierra Leone has established a single fiduciary management unit called Project Fiduciary Management Unit (PFMU) under the Ministry of Finance to manage all Bank finance projects.

More Definitions of Project Fiduciary Management Unit

Project Fiduciary Management Unit means the Project Management Fiduciary Unit within the MoF with the responsibility for fiduciary aspects of the Project and referred to in Section A.I.2(c) of the Project Agreement.