counterpart funds

The internal audit service has done good work from the start with its investigations of the counterpart funds.

France made the most extensive use of counterpart funds, using them to reduce the budget deficit.

In addition, some money is available from the counterpart funds established by the Commission in 1995/1996 for supplying essential equipment and drinking water.

The other 40% of the counterpart funds were used to pay down the debt, stabilize the currency, or invest in non-industrial projects.

Local income from sale of U.S. supplies was put into counterpart funds used for approved new projects.

That is the same approach as in the Marshall Plan, when recipient countries created counterpart funds in local currencies.

Obviously the Commission has urged the Romanian authorities to continue committing counterpart funds to this purpose.

Also established were counterpart funds, which used Marshall Plan aid to establish funds in the local currency.

For instance, Germany's Marshall Plan counterpart funds were used to set up such an investment fund, and it is still in operation today.

The resulting zloty funds, called counterpart funds, are to be used for investments in Poland that promote free enterprise.

The Commission said today the counterpart funds so far totaled 180 billion zlotys and were soon expected to reach 400 billion zlotys.

Donors in the past criticized Manila for failing to maximize aid because of red tape and lack of domestic counterpart funds to get projects moving.

The Commission has carried out a major investigation of the counterpart funds and of the roles and responsibilities of the delegations.

The counterpart funds amount to direct budgetary support, and neither the Commission nor the delegations in the beneficiary countries have any direct control over the money.

AGETIP typically works closely with municipalities, which submit proposals and must provide counterpart funds.

But, like everybody else recalling the Marshall Plan, Ms. Hughey has left out an integral factor in the Plan's success: counterpart funds.

In 1992 environmental projects worth about US$6.8 million were identified, with US$2.6 in counterpart funds (funds provided by the Brazilian government).

Payment for Marshall plan goods, "counterpart funds", were administered by the Reconstruction Credit Institute, which used the funds for loans inside Germany.

The program is estimated to have a total cost of US$72.3m, of which CAF will finance US$50m, the remainder being financed by local counterpart funds.

Lagging regions that are battling with complex problems are unable to raise the counterpart funds necessary in order to obtain the Community assistance to which they are legally entitled.

If Japan were to make sure its credits to third world debtors could be recycled to increase production, by counterpart funds or some other mechanism, it would make a huge difference.

Separate Funds Under current proposals, the European Community and the United States would maintain separate counterpart funds to distribute proceeds of the sale of surplus food.

The Americans were persuaded to allow the 'counterpart funds' to Marshall Aid to be used for these purposes, and their backing helped Monnet to protect the investment targets from the deflationary policies of the time.

We will continue to provide support for the improvement and reform of the child protection system in Romania through counterpart funds, to which ECU 21 million has been assigned, arising from the sale of food aid between 1990 and 1996.

It was reported in 2004 that the lack in the availability of counterpart funds, which the government has to provide as part of their obligations to execute projects financed by external agencies, had paralyzed various large externally financed projects.