| Banking and Program Revenue |
|
|
|
|
Banking and Program RevenueArticle 11 of the Grant Agreement specifies that the PR shall ensure:i. That funds held by PRs and SRs remain in a bank account bearing reasonable interest until required for program purposes ii. That funds are deposited only in banks that are fully compliant with all local and international banking standards and regulations iii. That funds are held in cash at all times iv. Interest on funds shall be accounted for and expended only for program purposes v. Revenue from project activities shall be accounted for and used solely for program purposes. |
| Last Updated on Thursday, 16 April 2009 15:23 |




