Terms and Conditions

Welcome to International Development Association - World Bank!

IDA World Bank Grants/Funding Terms and Conditions

1. Introduction These Terms and Conditions govern the receipt and utilization of grants/funding from IDA World Bank. By accepting the grant/funding, the recipient agrees to comply with these terms.

2. Eligibility

-Applicants must meet the eligibility criteria specified for the grant/funding program.

- Ineligible or fraudulent applications will result in disqualification and potential legal action.

-It is essential to emphasize that applicants without a domestic bank account should refrain from applying, as the funding is specifically designated for individuals who possess a legitimate bank account that has been active

3. Application Process

- Applications must be submitted before the deadline using the specified format.

- All required documentation must be provided, or the application may be rejected.

4. Grant/Funding Usage - Funds must be used solely for the purposes outlined in the approved application.

5. Reporting and Monitoring

- Recipients must provide progress reports at specified intervals.

- The World Bank may conduct audits or site visits to ensure compliance.

6. Payment Terms

- Disbursement of funds will be made according to the approved schedule into an individual or company bank account.

- Payments may be withheld if reporting requirements are not met.

7. Amendments

- Any changes to the project scope or budget must be approved in writing by IDA World Bank.

- Unauthorized amendments may lead to penalties or fund recovery.

8. Compliance

- Recipients must comply with all applicable laws, regulations, and ethical standards.

- Failure to adhere to legal requirements may result in termination of funding.

9. Termination

- IDA World Bank reserves the right to terminate funding if terms are violated.

- Termination may require repayment of disbursed funds

10. Confidentiality

- Recipients must maintain the confidentiality of proprietary information shared by IDA World Bank.

- Breach of confidentiality may result in legal consequences.