4
was
4.
a consideration against the extension of the Acts,
Each territory's overall development policy and programme
will in future be considered here and we will enter into a forward
commitment to provide £x development aid over a period of years
ahead (usually two or three years).
We shall indicate how we
expect to phase our disbursements by U.K. financial years, and in
would expect
general terms the sectors on which we would expect such aid to be
concentrated; in
budgetary aided territories we are likely to want
to the maximum extent possible ear development aid to be devotedly to productive development.
This should lead to an increase in local revenues which will help to
expenditure planning
reduce and eventually eliminate the need for budgetary assistance.
Although we should expect to be based on keeping within the
disbursement figures indicated for each year we recognise that it
is not possible to combine smooth administration of longer-term
programmes with rigid limits on the annual rates of expenditure,
and we shall hope to be able to permit some flexibility subject to
the fact that we are ourselves constrained by annual ceilings on
total aid disbursements.
5.
Detailed procedures will ther. follow broadly those used in
Whether grant or loan relation to independent countries.
to individual projects.
Development aid/wi
will be allocated
Project applications should be prepared on
a basis similar to that used for C.D. & W. applications, but should
i special dispensation
be confined to capital expenditure, unless limited recurrent
has been expenditure can properly be regarded as a proper charge to the capital from development funds.
given for limited recurrent expenditure to be financed
development,
Virement between subheads of a project will be within
your discretion provided there is no material change in the project.
Proposals to re-allocate aid from one project to another will however,
require our prior approval. We hope that these procedures with the
restriction of development aid to capital expenditure and the
encouragement already being given to drawing up composite projects
/for
No comments yet.
Private notes are available after approval.