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The IFAD Loan and Grant Administration Operational Manual outlines the policies and pro-
cedures applied by the International Fund for Agricultural Development (IFAD or the Fund)
with regard to loans and grants and to the cofinancing grants with which the Fund is
entrusted. These are subject to the Fund’s General Conditions for Agricultural Development
Financing (the ‘General Conditions’). The manual does not apply to non-project-related
grants (technical assistance or research grants provided to non-governmental organizations
or the Global Mechanism, among others). It is intended for use by the staff and consultants
employed by IFAD to assist with project appraisal and by staff of the cooperating institutions
(CIs) appointed by IFAD to handle loan or grant administration on the Fund’s behalf.
Unless otherwise indicated, the policies and procedures set forth in the manual apply
equally to loans and grants made by IFAD and to the cofinancing grants the Fund administers.
For the sake of readability, the term ‘Borrower’ has been used to refer to both the beneficiaries
of loans and the recipients of grants, and the term ‘loan’ has been used to refer to
both loans and grants. Instructions to Borrowers on the procedures for the withdrawal of
loan funds are provided by the CIs based on the procedures for their own lending programmes
or, in the case of institutions that have no lending programmes of their own,
adapted from those of other CIs.
The manual is issued in the form of a loose-leaf binder so that individual sections may
be readily updated as amendments are introduced. The table of contents shows the date of
issuance of the latest version of each section, and individual sections include cross references
to other, related sections. The manual replaces all earlier directives on the topics covered and
incorporates a number of amendments to previous instructions. The assistant controller,
loans and grants, is responsible for keeping this manual updated and for advising the CIs of
changes in IFAD’s policies and procedures related to the Fund’s loans and grants.
Abbreviations and acronyms have been used throughout the manual. A list is given on
the following page.
During the preparation of the manual, the views were sought of the staff of IFAD and the
Fund’s CIs, and the comments received have been incorporated to the extent possible. Any
further comments would be welcome, as this would help us update and improve the clarity
of the directives. In such cases, please send these comments to the address shown below.1
This manual remains the property of IFAD, and all copies are to be returned to the Office
of the Controller when staff members reach the end of their employment with IFAD or at the
termination of a CI’s appointment.