Project Financial Management Unit definition

Project Financial Management Unit or “PFMU” means a Project Financial Management Unit satisfactory to the Association to be established by a Participating State with the assistance of the Association in its Ministry of Finance, or other location in such Participating State satisfactory to the Association, with responsibility for financial management of Projects financed by the Association in such Participating State;
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Project Financial Management Unit or “PFMU” means the Project Financial Management Unit established within MOF, with a composition and role described in paragraphs C.5 and C.6 of Section I of Schedule 2 to this Agreement.
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Project Financial Management Unit or “PFMU” means the Project Financial Management Unit established within MOF for purposes of financial management of World Bank financed Projects under implementation in the Recipient’s territory.
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Examples of Project Financial Management Unit in a sentence

  • At the national level, the Ministry of Finance and Development Planning will manage project funds through its Project Financial Management Unit.

  • These key government institutions are presented in table 2 along with the roles and responsibilities:Table 3: Key Government Stakeholders and their Mandate under the Project InstitutionsMinistry of Finance and Development Planning (MFDP)The MFDP will sign off on Grant Agreement and oversee financial management services through its Project Financial Management Unit (PFMU).

  • The MFDP will sign off on Grant Agreement and oversee financial management services through its Project Financial Management Unit (PFMU).

  • There were existing State Project Financial Management Units (SPFMUs) in all states as well as a Federal Project Financial Management Unit (FPFMU), which the project could leverage for FM.

  • To assess the adequacy of the FM arrangements for managing the project, an FM assessment was carried out at the FDA and the Project Financial Management Unit (PFMU) on June 8, 2015 and updated in January 2016.


More Definitions of Project Financial Management Unit

Project Financial Management Unit or “PFMU” means the Recipient’s Project financial management unit referred to in Section I.A.5 of Schedule 2 to this Agreement.
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Project Financial Management Unit or “PFMU” means a Project Financial Management Unit established by a Participating State in the Office of the State Accountant General, satisfactory to the Association, with responsibility for financial management of Projects financed by the Association in such Participating State;
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Project Financial Management Unit or PFMU” means the Project Financial Management Unit established within MOF with a composition and role described in paragraphs C.5 and C.6 of Section I of Schedule 2 to this Agreement. Section I of Schedule 2 to this Agreement.
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Project Financial Management Unit means the project financial management unit established within MFDP referred to in Section I of schedule 2 to this Agreement.
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Project Financial Management Unit or “PFMU” means the financial management unit established within the MFDP and referred to in Section I.A.3 of Schedule 2 to this Agreement.
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Project Financial Management Unit and the acronym “PFMU” mean the Project Financial Management Unit established within the Recipient’s Ministry of Finance with a composition and role described in paragraphs B.1 and B.2 of Section I of Schedule 2 to the XXX Financing Agreement.
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Project Financial Management Unit or “PFMU” means the unit set up within the Office of the Accountant General of Cross River State and the Finance and Accountants Department of LSWC, responsible for financial management of the Project in such Participating State;
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