Loan Agreement: Letter to the Borrower
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Loan Agreement: Letter to the Borrower
- 1. Loan Agreement Letter to the Borrower
Editor's Notes
- Definitions include other things than just SAs, but that is the most common definition that is important for disbursements. If there are supposed to be multiple SAs in the project, each should be defined here, to make clear who owns each, and what its uses are. SA Location means Central Bank or Commercial bank. If not defined correctly, loan agreement must be amended, which is not easy. Note that loans have a separate amortization schedule attached to the loan agreement, so it does not appear in Article II of the agreement, as it does in credits.
- Emphasize the importance of the financial provisions of the loan, particularly the requirement for independent audits.
- Authorized representative of the borrower is who can name other persons to sign applications for withdrawal. Generally the minister of finance or the line ministry. The authorization must be reviewed by our Legal Department before we can act on it.
- Authorized representative of the borrower is who can name other persons to sign applications for withdrawal. Generally the minister of finance or the line ministry. The authorization must be reviewed by our Legal Department before we can act on it.
- Authorized representative of the borrower is who can name other persons to sign applications for withdrawal. Generally the minister of finance or the line ministry. The authorization must be reviewed by our Legal Department before we can act on it.
- Authorized representative of the borrower is who can name other persons to sign applications for withdrawal. Generally the minister of finance or the line ministry. The authorization must be reviewed by our Legal Department before we can act on it.
- Authorized representative of the borrower is who can name other persons to sign applications for withdrawal. Generally the minister of finance or the line ministry. The authorization must be reviewed by our Legal Department before we can act on it.
- Authorized representative of the borrower is who can name other persons to sign applications for withdrawal. Generally the minister of finance or the line ministry. The authorization must be reviewed by our Legal Department before we can act on it.
- Explain category headings, definitions, derivation of percentages, application of percentages, take questions. HANDOUT: Sample schedule 1 or use Schedule 1 in Disb. Handbook. Foreign vs. Local expenditures is very important when it comes to determining the percentage we will finance. This is covered in detail in the Procedures section. The standard categories (goods, works, services, etc) will be mentioned later, under eligibility. Special categories (such as interest during construction, front end fee, caps and collars for FSLs) are mentioned in the Procedures session.
- Explain category headings, definitions, derivation of percentages, application of percentages, take questions. HANDOUT: Sample schedule 1 or use Schedule 1 in Disb. Handbook. Foreign vs. Local expenditures is very important when it comes to determining the percentage we will finance. This is covered in detail in the Procedures section. The standard categories (goods, works, services, etc) will be mentioned later, under eligibility. Special categories (such as interest during construction, front end fee, caps and collars for FSLs) are mentioned in the Procedures session.
- Explain category headings, definitions, derivation of percentages, application of percentages, take questions. HANDOUT: Sample schedule 1 or use Schedule 1 in Disb. Handbook. Foreign vs. Local expenditures is very important when it comes to determining the percentage we will finance. This is covered in detail in the Procedures section. The standard categories (goods, works, services, etc) will be mentioned later, under eligibility. Special categories (such as interest during construction, front end fee, caps and collars for FSLs) are mentioned in the Procedures session.
- Explain category headings, definitions, derivation of percentages, application of percentages, take questions. HANDOUT: Sample schedule 1 or use Schedule 1 in Disb. Handbook. Foreign vs. Local expenditures is very important when it comes to determining the percentage we will finance. This is covered in detail in the Procedures section. The standard categories (goods, works, services, etc) will be mentioned later, under eligibility. Special categories (such as interest during construction, front end fee, caps and collars for FSLs) are mentioned in the Procedures session.
- Explain category headings, definitions, derivation of percentages, application of percentages, take questions. HANDOUT: Sample schedule 1 or use Schedule 1 in Disb. Handbook. Foreign vs. Local expenditures is very important when it comes to determining the percentage we will finance. This is covered in detail in the Procedures section. The standard categories (goods, works, services, etc) will be mentioned later, under eligibility. Special categories (such as interest during construction, front end fee, caps and collars for FSLs) are mentioned in the Procedures session.
- Explain category headings, definitions, derivation of percentages, application of percentages, take questions. HANDOUT: Sample schedule 1 or use Schedule 1 in Disb. Handbook. Foreign vs. Local expenditures is very important when it comes to determining the percentage we will finance. This is covered in detail in the Procedures section. The standard categories (goods, works, services, etc) will be mentioned later, under eligibility. Special categories (such as interest during construction, front end fee, caps and collars for FSLs) are mentioned in the Procedures session.