Project Name
Enhanced Country Poverty Assessment Project – OECS
Country
Type

Overview

The Organisation of the Eastern Caribbean States (OECS) has received grant financing from the Caribbean Development Bank (CDB) in an amount equivalent to two million seven hundred and eighty- three thousand United States dollars US$2,783,000 towards the cost of the Enhanced Country Poverty Assessment Project and intends to apply a portion of the proceeds of this financing to eligible payments under contracts procured under this project.  Payments by CDB will be made only at the request of the OECS and upon approval by CDB, and will be subject in all respects to the terms and conditions of the Financing Agreement.  The Financing Agreement prohibits withdrawal from the financing account for the purpose of any payment to persons or entities, or for any import of goods, if such payment or import, to the knowledge of CDB, is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations.  No party other than the OECS shall derive any rights from the Financing Agreement or have any claim to the proceeds of the Financing.