Disbursement Procedures - Islamic Development Bank

- Where the Bank approves a plan for the settlement of
overdues, no new ordinary operation should be submitted to the Board of
Executive Directors for approval in favour of the member country concerned
until 50% of the overdues have been cleared on the date of settlement. As a
general rule, new import trade financing operations should not be processed
in favour of a defaulting member country until all overdues have been settled.
Repayment Schedules
7.13 Tentative Repayment Schedule:
This schedule is prepared during the appraisal of the project and is an
integral part of the financing agreement.
7.14 Final Repayment Schedule:
The preparation of this schedule starts on completion of the project
implementation.
7.15 Source of Information:
The request to prepare the final repayment schedule could be made by one or more
of the following:
(a) Beneficiary
The Beneficiary may directly request the IDB to prepare the final repayment
schedule on completion of the project or as deemed necessary. The Beneficiary
can also request the rescheduling of the concerned project.
(b) The Operations and Projects Department
The O&P Dept. may on the advise of the beneficiary request the Rescheduling unit
to prepare the final repayment schedule.
7.16 Documentation Required:
To prepare the final repayment schedule the following documents are required:
(a) project statement from OFIS reconciled with GL
(b) agreement signed with IDB
(c) the date of completion of the project
Types of Repayment Schedules
7.17 Installment Sale:
This schedule is prepared taking into account the following information obtained
from the financing agreement and project statement: