World Bank - UN Framework Agreement

World Bank - UN Framework Agreement
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The Financial Management Framework Agreement has been negotiated in March 2006 between the World Bank and the United Nations. The WB makes grants to UN Organizations from its own funds and from funds administered by it in trust funds established by one or more donors. Grant Funds benefits either developing countries, by providing support for particular programs; or UN Organization by supporting global and regional initiatives. This Agreement sets out how the Parties, acting within their respective applicable policies, rules and procedures, obtain reasonable audit assurance on the use of Grant Funds provided by the WB to an UN Organization.
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