Project Financial Management Unit definition

Project Financial Management Unit or “PFMU” means the unit established within MOF for purposes of carrying out financial management of the projects financed by the Association, including the Project, and referred to in Section I.A.4 of Schedule 2 to this Agreement.
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;
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.

Examples of Project Financial Management Unit in a sentence

  • Without limitation to the provisions of Section I.A.1 of this Schedule, the Recipient shall ensure that the Project Financial Management Unit (PFMU) established within the Ministry of Finance, is maintained at all times during the implementation of the Project, and adequately staffed with resources and personnel that are satisfactory to the Association.


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.
Project Financial Management Unit means the financial management unit established in each Participating State’s Office of Accountant General to provide financial management services to State’s projects including this Project.
Project Financial Management Unit or “PFMU” means the unit to be established pursuant to Part A.2 (c) of Schedule 4 to this Agreement;
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;
Project Financial Management Unit or “PFMU” means the fiduciary management unit established within the MFDP and referred to in Section I.A.4 of Schedule 2 to this Agreement.
Project Financial Management Unit or “PFMU” means the unit referred to in Section I.A.3 of Schedule 2 to this Agreement.
Project Financial Management Unit means the fiduciary management unit established within the MFDP and referred to in Section I.A.4 of Schedule 2 to this Agreement.