Description
9.1 The reimbursement procedure is a disbursement procedure where the Asian
Development Bank (ADB) pays from the loan account to the borrower’s1
account for
eligible expenditures which have been incurred and paid for by the borrower out of its
budget allocation or its own resources.
9.2 Under this procedure, ADB’s payments are made only to the borrower and not to a
third party (e.g., supplier or contractor).
9.3 This procedure requires submission of full supporting documentation, unless
simplified documentation (Sections 9.7–9.30) is approved.
Basic Requirements
9.4 A signed withdrawal application (WA) (Appendix 7A) must be submitted to ADB
together with a summary sheet (Appendix 7B) and the required supporting documents.
9.5 The expenditures should have been incurred and paid for by the borrower out of its
own fund sources.
Supporting Documents
9.6 The evidence or receipt of payment (showing the amount paid, the date of receipt,
and the payee) is required to be submitted together with the WA, in addition to the
same supporting documents as required under direct payment (Section 7.4), unless
simplified documentation (Sections 9.7–9.30) is approved.
2
ADB will return WAs
that do not meet the requirements. In addition, the borrower should retain the same
supporting documents as required under the direct payment procedure (Sections 7.5
and 4.29).
The reimbursement procedure is a disbursement procedure
Filled Under
About googleshop9
Organic Theme is officially developed by Templatezy Team. We published High quality Blogger Templates with Awesome Design for blogspot lovers.The very first Blogger Templates Company where you will find Responsive Design Templates.