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IsDB DISBURSEMENT HANDBOOK 2025 IsDB DISBURSEMENT HANDBOOK 2025 Table of Contents ABBREVIATIONS 3 FOREWORD 5 INTRODUCTION 7 1.1 1.2 1.3 1.4 1.5 1.6 Purpose Applicability Key Project Dates Electronic Access 1.4.1 Project Information Hub 1.4.2 Electronic Disbursement Platform Outreach Inquiries 7 7 8 9 9 10 10 10 THE IsDB GROUP 12 2.1 2.2 2.3 12 13 13 Overview Decentralization Islamic Modes of Finance DISBURSEMENT POLICIES 16 3.1 3.2 16 16 16 16 18 18 18 19 19 19 3.3 3.4 3.5 3.6 3.7 Basic Principles General Conditions 3.2.1 General 3.2.2 Critical Events Affecting Disbursement 3.2.3 Disbursement-related Provisions Financing Agreement Effectiveness Cost Eligibility Advance Contracting and Retroactive Financing Procurement of Goods, Works and Services DISBURSEMENT MODALITIES 21 4.1 4.2 4.3 4.4 4.5 21 21 22 23 27 Modes of Disbursement Direct Payment Reimbursement Reimbursement Guarantee / Special Commitment Special Accounts DISBURSEMENT PROCEDURES 33 Disbursement Letter Withdrawal of Funds 5.2.1 Conditions Precedent 5.2.2 Withdrawal Application (Disbursement Request) 5.2.3 Electronic Application via e-Disbursement Platform (EDP) 5.2.4 Document Retention 5.2.5 Manual Application on Exceptional Basis 5.2.1 Authorized e-Disbursement Platform (EDP) Users and Authorized Signatories 5.2.2 Numbering Withdrawal Applications 5.3 Eligible and Ineligible Expenses 5.4 Components and Expenditure Categories 5.5 Reallocation of Proceeds 5.6 Contract Management 5.6.1 Prior or Post Review Approvals 5.6.2 Currency of Payment 5.6.3 Advance, Retention & Performance Guarantee 5.6.4 Cost Overruns 5.7 Disbursement Currency & Exchange Rate 5.8 Minimum Disbursement Amount 5.9 Bank References 5.10 Refunds 5.11 Cancellation of Undisbursed Balances 5.12 Project Closure 5.12.1 Special Account Liquidation 5.12.2 Payment of Final Audit Fees 5.12.3 Payment of Retention Money 33 33 33 34 35 35 35 35 36 36 37 37 37 37 38 38 38 38 39 39 39 40 40 41 41 41 5.1 5.2 Page 1 of 80 IsDB DISBURSEMENT HANDBOOK 2025 5.13 Steps to Avoid Disbursement Delays 5.14 Disbursement for Special Situations 5.14.1 Co-financing 5.14.2 Bank-administered Funds 5.14.3 Public Private Partnerships 5.14.4 The Line(s) of Finance 42 43 43 43 44 44 PROJECT FINANCIAL MANAGEMENT 47 6.1 6.2 6.3 6.4 6.5 6.6 47 48 48 49 49 50 50 51 51 51 52 52 52 6.7 Background and Introduction Financial Management Capacity Capacity Assessment Project Preparation Project Implementation Audit Reports 6.6.1 Timing and Scope 6.6.2 Special Account Audits & Certifications 6.6.3 Additional Audits 6.6.4 Failure to Audit or Identified Deficiencies 6.6.5 Audit Costs 6.6.6 Review of Audit Reports Project Documents GLOSSARY OF ESSENTIAL TERMS 55 GLOSSARY OF ESSENTIAL TERMS 52 ANNEXES 59 Annex 4.1 Withdrawal Application form Annex 4.1-A Summary Statement Annex 4.1-B Statement of Forecasted Expenditure Annex 4.2 Reimbursement Checklist Annex 4.3 Direct payment Checklist Annex 4.4 Reimbursement Guarantee Commitment - Checklist & Forms Annex 4.4-A Reimbursement Guarantee Commitment Application Annex 4.4-B Reimbursement Guarantee Swift Message from the Bank Annex 4.4-C Amendment Request for Reimbursement Guarantee Annex 4.5 Special Account Checklist & Form Annex 4.5-A Special Account - Reconciliation Statement Form Annex 5.1 Sample Disbursement Letter Annex 5.2-A Authorization Request Annex 5.2-B Authorization Request for EDP users 61 66 68 70 71 72 73 75 76 77 78 79 82 83 TABLE OF FIGURES Figure 1.1 Basic Project Cycle Key Project Dates Figure 2.1 IsDB Financing Products - Overview Figure 4.1 Illustration Chart for Irrevocable Commitment to Reimburse Figure 5.1 EDP General Workflow Figure 5.2 Steps for Project Closure 08 12 23 34 40 TABLE OF TABLES Table 4.1 Indicative Disbursement Modalities 21 26 Page 2 of 80 ABBREVIATIONS ABBREVIATIONS BED Board of Executive Directors BIC Bank Identification Code CTA Common Terms Agreement D&D Dues and Disbursement DCA Disbursement Capacity Assessment DL Disbursement Letter EA Executing Agency EDP Electronic Disbursement Platform FA Financing Agreement FAA Financial Accountability Assessment FAR Final Audit Report FCD Financial Control Department FM Financing Management FMA Financial Management Assessment FMS Financial Management Strategy IA Implementing Agency IBAN International Bank Account Number ICD Islamic Corporation for Development of the Private Sector ICIEC Islamic Corporation for Insurance of Investments and Export Credits ICR Irrevocable Commitment to Reimburse INFOHUB Project Information Hub IsDB Islamic Development Bank ISFD Islamic Solidarity Fund for Development IRTI Islamic Research and Training Institute ITFC International Islamic Trade Finance Corporation LC Letter of Credit LoF Line(s) of Finance MC Member Country MCPS Member Country Partnership Strategy MoF Mode(s) of Finance NDFI National Development Financing Institution NOC Non-Objection Confirmation Page 3 of 80 IsDB DISBURSEMENT HANDBOOK 2025 OCR Ordinary Capital Resources OIC Organization of Islamic Conferences PCG Principles of Corporate Governance (IsDB Group) PFM Project Financial Management PIM Project Implementation Manual PIU Project Implementation Unit PMU Project Management Unit PPP Public Private Partnership RBA Risk-based Approach RCA Reimbursement Commitment Application RGC Reimbursement Guarantee Commitment RMA Relationship Management Application RR Report and Recommendation of the President SA Special Account SME Small and Medium-sized Enterprise SoE Summary of Expenditure(s) SOFE Summary of Forecasted Expenditure(s) SS Summary Statement TA Technical Assistance TC Technical Cooperation TOR Terms of Reference UCP-DC Uniform Customs and Practice for Documentary Credit WA Withdrawal Application Page 4 of 80 ABBREVIATIONS FOREWORD This Disbursement Handbook reflects a summary of the disbursement policies, intended to serve as a reference tool for beneficiaries, executing agencies, project implementation units, co-financiers, suppliers and other external contracting parties involved in the preparation and implementation of projects and programs financed by or through the Bank.
Beneficiaries More than 67,000 thermometers were distributed to schools and health units. ... The project provided funding that supported the training of 18 persons (including myself) as Biomedical Equipment Technicians (BMETs) in the United States and Kenya for periods of 6 to 12 months.
WAT E R S E C U R I T Y F I N A N C I N G R E P O R T 2 0 2 4 iii Contents Abbreviations iv Summary 1 Introduction 2 Current State of the Global Water Sector 6 Water Supply and Sanitation 7 Water for Agriculture 7 Water Resources Management 8 Investment, Financing, and Budget Execution 9 Policy, Institutions, and Regulation 10 MDB Investments in the Water Sector Approved in 2024 12 Future Reporting 16 Collaboration to Date 17 Coordination Meetings 17 Examples of Collaboration 17 Appendix: Profiles of the Multilateral Development Banks 24 African Development Bank Group (AfDB) 25 Asian Development Bank (ADB) 27 Asian Infrastructure Investment Bank (AIIB) 29 Council of Europe Development Bank (CEB) 30 European Bank for Reconstruction and Development (EBRD) 31 European Investment Bank (EIB) 33 Inter-American Development Bank Group (IDB) 35 Islamic Development Bank (IsDB) 36 New Development Bank (NDB) 38 World Bank Group (WBG) 39 References 41 Abbreviations AfDB ADB AIIB CEB EBRD EIB IBRD ICSI IDA IDB IFC IsDB MIGA NDB WBG African Development Bank Group Asian Development Bank Asian Infrastructure Investment Bank Council of Europe Development Bank European Bank for Reconstruction and Development European Investment Bank International Bank for Reconstruction and Development International Centre for Settlement of Investment Disputes International Development Association Inter-American Development Bank Group International Finance Corporation Islamic Development Bank Multilateral Investment Guarantee Agency New Development Bank World Bank Group Dollar figures are U.S. dollars unless otherwise noted.
The state of youth in IsDB member countries.................................................................21 Annex II. ... IsDB definition of youth: the period of transition from the childhood state of dependence to the full independence of adulthood.
Introduction At the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP) 26 in Glasgow, United Kingdom, ten multilateral development banks (MDBs) signed a Joint Statement on Nature, People and Planet, which recognises that tackling poverty, climate change and the drivers of nature loss (“nature” refers to biodiversity, ecosystems and the services they provide) are inextricably linked, and affirms their commitment to mainstream nature ever more deeply into their policies, analyses, assessments, advice, investments and operations. ... Target 19 sets out to “substantially and progressively increase the level of financial resources from all sources, in an effective, timely and easily accessible manner, including domestic, international, public and private resources, in accordance with CBD Article 20, to implement national biodiversity strategies and action plans, by 2030 mobilizing at least 200 billion United States dollars per year […].” 3.
Cost of medical treatment (either at the university or local state hospital). ... Maldives Mauritania Mozambique Niger Palestine Islamic Development Bank 8111 King Khaled St Al Nuzlah Yamania Unit 1 Jeddah 22332-2444 Kingdom of Saudi Arabia scholar@isdb.org www.isdb.org/scholarships https://isdbscholarships.smartsimple.com 16. 17. 18. 19. 20.
Approvals by the members of the IDB Board of Executive Directors further included six other grants from the IDB Waqf fund to support educational efforts in six Muslim communities in non-member countries including the United States, Brazil, Canada, the Philippines, Japan and the Netherlands as well as two capacity building and health projects in Comoros. A US$ 42.00 million approval was dedicated to a 3-year loan financing of IDB sustainable villages program in six IDB least developed member countries while an amount of US$ 18.80 million plus another US$ 10.00 million of the approved financings went to contributing to capital increases in Bahrain’s Islamic Bank as well as the United Bank of Albania respectively.
Several friends and colleagues also made valuable contributions from the World Bank, IMF and the United Nations. ... PROFILE OF POVERTY IN IDB MEMBER COUNTRIES 2.1 The State of Deprivation 2.2 The State of Income Distribution 2.3 The State of Poverty 2.4 Linkages among Growth, Poverty and Inequality 2.5 Causes of Poverty III.
The Board also approved US$ 867,000 in terms of grants from the Waqf Fund of the Bank for the benefit of educational projects in Muslim communities in a number of non-member countries including; Denmark, Ethiopia, Zimbabwe and the United States of America.
In the same framework, the Board Members also approved US$ 790,000 under the IDB Waqf Fund as grant to a number of educational projects in Muslim communities in Fiji, New Zealand, Rwanda, and the United States.