How does BIRD actually fund a project and what are the repayment obligations of the partnering companies?

Once a project is approved by BIRD’s Board of Governors and the BIRD agreement (CPFA) is signed, BIRD will transfer the first payment to the companies.

Subsequent payments are due every 6 months subject to the submission and approval of the periodical reports as required in the CPFA.

All funding provided by BIRD to a project is subject to repayments. For exact details please refer to Section “B”. (Project Financing) of the CPFA.