What is the procedure to extend the closing date?
The grant closing date cannot exceed four years from the date of counter-signature of the grant agreement, unless under exception in which case TFO clearance is required. For extension of the closing date up to four years from the counter-signing of the grant agreement TFO clearance is not required unless there is a change in scope (see also the reallocation issue below). All extension requests should be cleared by Legal and Loan Departments. The number and duration of extensions follows Bank operational guidelines.
