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A Graduation Policy for the Bank's DMC's
VII. Recommendation
- The Board of Directors is requested to approve the general thrust of the proposed
“Graduation Policy for the Bank’s DMCs” and, the effectivity from 1 January 1999 of the
proposals with regard to the graduation framework and the classification of DMCs (as
presented in Section IV), and with regard to ceilings on Bank financing of project costs, norms
for sharing of TA costs, and domestic preference scheme for procurement of goods and civil
works (as presented in Section V).
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