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Aceh Nias Trust Fund

Aceh Nias Trust Fund. Concept To Be Implemented October 2005 Wisma Kota 46 BNI, Jakarta, 27 October 2005. Two Major Challenges: Convert the pledges into effective commitment and then project Total Pledges  US$ 7.1 bio Effective Commitment  US$ 3.6 bio

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Aceh Nias Trust Fund

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  1. Aceh Nias Trust Fund Concept To Be Implemented October 2005 Wisma Kota 46 BNI, Jakarta, 27 October 2005

  2. Two Major Challenges: Convert the pledges into effective commitment and then project Total Pledges  US$ 7.1 bio Effective Commitment  US$ 3.6 bio Speed and Flexibility of Fund Disbursement, at the same time maintaining the level of transparency and accountability Challenges

  3. Option 1: Direct Implementation (off-budget) Option 2: Channel the money to APBN (MoF) Option 3: Channel the money to MDTF Existing Alternative to Channel Your Fund GOI International donors* NGOs* PRIVATE SECTORS Option 3 • MDTF Option 2 Option 1 • APBN • (Govt. Budget) • On- GOI budget funds • Off- GOI budget funds

  4. Option 1: Direct Implementation Donor Appoint Implementing Agency Seek approval From BRR on the Project PROJECTS

  5. agreement Donor GoI (Bappenas/MoF GRANT EFFECTIVE Budget document DPR Approval Budget Authorization Document GRANT READY TO USE Project Management Bidding Process PROJECTS Option 2: Channeling through APBN

  6. Steering Committee Meeting Negotiation on Detail IDEAS GRANT EFFECTIVE Project Appraisal Document Approval Budget document DPR Approval Budget Authorization Document GRANT READY TO USE Project Management Bidding Process PROJECTS Option 3: Channeling through MDTF

  7. Steering Committee Meeting Negotiation on Detail IDEAS GRANT EFFECTIVE Project Appraisal Document Approval Budget document DPR Approval Budget Authorization Document ? GRANT READY TO USE Project Management Bidding Process PROJECTS TRUST FUND How to Make It Faster Challenges: How to accelerate project implementation and maintaining the same level of transparency and accountability

  8. Closed-End Trust Fund A separate channel dedicated to each donor Donor, banks, the implementing agency and BRR enter into an escrow agreement Open-End Trust Fund A pool of funds which received the funds from all sources into escrow account BRR decides the usage of the fund based on actual needs in the field The Trust Fund .. Trust Fund

  9. appoint agreement ToR prepared by BRR BANK Procurement Agency Construction management report agreement irrevocable Request or Payment supervise and monitor Contractor DONOR Contractor Contractor Basic Procedures BRR

  10. What Next .. Send an intention letter to put fund into the Trust Fund Step 1 Signing an Agreement between BRR and the Donor Step 2 Transfer the Fund into Banks and Obtain Receipt Step 3 BRR, Bank, Procurement Agency and Construction Management will do the rest Step 4 Consolidated into BRR Report Step 5

  11. Currently Participating Banks • Deutsche Bank • Bank Niaga • Hong Kong and Shanghai Bank of China Further Information: • Amin Subekti, Fund Director • Banda Aceh • amin@brr.go.id • Nana Sayuti, Donor Relations Manager • Jakarta • Phone: 725 4750 Fax: 722 1570

  12. Thank You

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