Description

The Loan Disbursement Handbook is a compilation of ADB's disbursement policies, guidelines, practices, and procedures. The Handbook will serve as a useful reference guide for ADB staff, DMC borrowers, officials, and project staff from executing agencies and project management units, in designing and operating an efficient disbursement operation that will support project implementation. The four pillars of an efficient disbursement operation are:

• funds flow structure
• disbursement arrangement
• staff capacity and systems
• internal controls

A good understanding of ADB's disbursement policies, guidelines, practices, and procedures are instrumental for building these pillars. The Handbook endeavors to complement this need and thereby supports project implementation. It applies equally to both loan and grant-funded ADB investment projects and programs. The Handbook supersedes all previous editions and takes effect immediately.

Contents

• Foreword and Acronyms
• The Handbook
• The Asian Development Bank
• Disbursement Policies
• Disbursement Guidelines and Practices
• Instructions for Withdrawal of Loan Proceeds
• Disbursement Procedures
• Direct Payment Procedure
• Commitment Procedure
• Reimbursement Procedures
• Imprest Fund Procedure
• DFI Loan, Program Loan, and Disaster and Emergency Assistance Loan
• Cofinancing Operations
• Private Sector Operations
• Delegation of Disbursement Function
• Loan Information Reports
• Loan Financial Information System (LFIS) Website
• Appendixes
• Index