Loan signing
After Board approval, the document is sent to the borrowing country's Government for cabinet authorization. Following the authorization from the cabinet, the loan agreement is generally signed by ADB's President or Vice-President and the Representative of the Government. After loan approval a Borrower is allowed a maximum interval of about 90 days to sign the loan or grant agreement with the Bank Group. Commitment or service charges start running on a loan 45 days after loan signature irrespective of whether disbursement has been made or not. Before disbursement commences the loan or grant must be entered into force, or declared effective.
Did you know
By 2020, in some countries, yields from rainfed agriculture could be reduced by up to 50%
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10/02/2012 - AfDB approves USD 41m funding to boost graduate employment in Malawi
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24/01/2012 - AfDB supports waste water treatment project for agriculture in Tunisia
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19/12/2011 - ADF finances USD107.4 m transport infrastructure project in The Gambia
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09/12/2011 - AfDB lends USD 8 million to help open doors to education and jobs in Namibia
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09/12/2011 - AfDB lends €28.1 million to support access to reliable energy in Kenya
