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How does the WFP pay suppliers?

pay suppliers wfp
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How does the WFP pay suppliers?

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The WFP payment terms for goods and services are normally net 30 days upon receipt of invoice and delivery of goods or performance of contractual services. For food purchases payment is usually made in the form of cash by electronic transfer against presentation of the usual shipping documents. WFP undertakes to effect the payment within 4 (four) working days following the day of presentation of the necessary documents. Advance payments (such as for subscriptions) and progress payments prior to delivery of goods or performance of contractual services ordered may be approved on an exceptional basis at the discretion of the United Nations, if such payments are required pursuant to normal commercial practice or considered to be in the interest of WFP. The agency does not issue letters of credit.

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