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How are payments effected?

Effected PAYMENTS
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10 Posted

How are payments effected?

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10

Once the Executive Committee at country level approves a project, this serves as the payment instruction for the Fund Manager (Administrative Agent), UNDP’s Multi-Donor Trust Fund (MDTF) Office, to process the transfer. To receive funds, UN entities are required to conclude a Memorandum of Understanding with UNDP, as the Administrative Agent.

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