Procurement & Disbursement

Procurement

The modes of procurement of goods and services under the Facility shall essentially be governed by the existing Rules of Procurement of the African Development Bank, as modified by the present operational procedures.

Where they exist, national procurement procedures may be used when they respond to international standards and found consistent with the underlying principles of Bank procurement policies. The procedures proposed shall be outlined in the Appraisal Report and the Grant Agreement.

Disbursement

Disbursement arrangements and reporting procedures under the Facility will be specifically designed to fast track receipt of funds by beneficiaries, while satisfying the fiduciary requirements of the Recipients, AWF and the Governments. The procedures proposed are permissible within the requirements of the Bank’s Disbursement Handbook.

The disbursement arrangements will be tailored for each project funded under AWF and will depend on the nature of the activity for which funds are being applied. These arrangements will be included in the Financing agreement between AWF and the recipient.

Payments for facilitation activities will be by the special account method in line with the provisions of the Disbursement Handbook.

Payments for investment programmes will be by special account, reimbursement, direct payment and reimbursement guarantee depending on the nature of the item being purchased.