Memorandum of Understanding between the Asian Development Bank and the Global Environment Facility Secretariat
Representatives of the Asian Development Bank and Global Environment Facility Secretariat have held discussions regarding Project Preparation and Development Facility Grants.
"PDF-B Grant" or "Grant" means the funds approved by the CEO of the Global Environment Facility (GEF) Secretariat on the basis of a Grant Application for the financing of a PDF-IB (i.e., a level B grant from the Project Preparation and Development Facility, under which GEF funds are allocated to project preparation and development activities, as such terms may be amended from time to time).
This Memorandum of Understanding (MoU) gives a summary of the discussions held between the two parties.
- General Principles
- Administration of PDF-B Grants
- Records and Reporting
- Preparation and Execution of PDF-B Grants
- Procedures for Termination