University of Khartoum

Some Aspects Of The General Conditions Of The World Bank Loans

Some Aspects Of The General Conditions Of The World Bank Loans

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Title: Some Aspects Of The General Conditions Of The World Bank Loans
Author: Eltayeb Mohamed Eltayeb, Mona
Abstract: World Bank Loans, which are provided to different countries, contain some of the General Conditions. These General Conditions are aiming to arrange the procedure of providing of the loans and protecting the rights of Borrowers Countries and the World Bank. This research covers some aspects of the General Conditions of the World Bank Loans. It contains four chapters and the conclusion. Chapter one talks briefly about the establishment of the World Bank and discusses its management, structure and its policies especially which are concerning poverty. Chapter one also gives brief information about the relation of Sudan with the World Bank. Chapter two focuses on the steps of the World Bank projects, which should be prepared and provided by the Borrower’s Countries to the World Bank to have loans. Chapter two also discusses the financing of the projects by the World Bank and the procedure of signing the loan agreements. Chapter three explains the effectiveness of the loan agreement after the conditions of effectiveness are satisfied. The Chapter also talks about the authorization of the delegated person to sign on behalf of the Borrower Countries, and the legal opinion of the Loan Agreement. Chapter three also clarifies the withdrawal of proceeds of the loan, its arrangements, procedure and means of withdrawal (disbursement, reimbursement and letter of credit), requirements of disbursement and avoiding delays of disbursement. Chapter four talks about the failure to fulfill the financial obligations and covenants which result in the suspension of disbursements and sometimes the cancellation of the loan. It also discusses the obligations and conditions during suspension and cancellation, procedures for suspension and cancellation and the procedures for lifting the suspension and cancellation. Finally, the thesis concludes with the important issues considered in the previous chapters.
URI: http://khartoumspace.uofk.edu/handle/123456789/10170
Date: 2015-05-03


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