Ministry of Health and Social Protection
Albania Health System
Improvement Project
P144688
(IBRD 8466 - AL & IBRD 93060)
Special purpose financial information for the year ended
31 December 2023
Contents
Page
Independent Auditor's Report Hili
Statement of Sources and Uses of Funds 1
Statement of Withdrawal Applications 2-3
Notes to the Special Purpose Financial Information 4-9
Appendices 1-VII
GrantThornton
Grant Thornton Sh.p.k
Rr. "Sami Frashel",
Kompleksi TJ.D, Shk. F, Floor I
1001 Tirana
Albania
T +365 44 525 880
E contact@aLgt.com
Independent Auditor's Report
To Ministry of Health and Social Protection of Republic of Albania and the Management
of the Project "Health System Improvement Project"
Opinion
We have audited the accompanying special purpose financial information comprising the
Statement of Sources and Uses of Funds, the Statement of Withdrawal Applications and the
related notes of the Project "Health System Improvement Project" (further referred to as the
"Project") implemented by the Ministry of Health and Social Protection and financed by Loan
Agreement No, 8466 - AL & IBRD 93060, from the International Bank for Reconstruction and
Development ("IBRD" or the "World Bank)" for the period 1 January to 31 December 2023.
In our opinion, the accompanying Special Purpose Financial Information of the Project
"Health System Improvement Project" is prepared, in all material respects, in accordance with
the cash receipts and disbursement basis of accounting as set out in notes 2 and 3 of the
Special Purpose Financial Information.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (ISAs). Our
responsibilities under those standards are further described in the Auditor's Responsibilities
for the audit of the Special Purpose Financial Information section of our report. We are
independent of the entity in accordance with the International Ethics Standards Board for
Accountants' Code of Ethics for Professional Accountants (IESBA Code) together with the
ethical requirements that are relevant to our audit of the Special Purpose Financial
Information in Albania, and we have fulfilled our other ethical responsibilities in accordance
with the IESBA Code. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Responsibilities of Management for the Special Purpose Financial Information
Management is responsible for preparation and fair presentation of the Special Purpose
Financial Information in accordance with the basis of accounting described in notes 2 and 3;
this includes determining that the cash receipts and disbursements basis of accounting is an
acceptable basis for the preparation of the Special Purpose Financial Information in the
circumstances, and for such internal control as management determines is necessary to
enable the preparation of a Special Purpose Financial Information that is free from material
misstatement, whether due to fraud or error.
Auditor's Responsibility for the Audit of the financial statement
Our objectives are to obtain reasonable assurance about whether the Special Purpose
Financial Information as a whole is free from material misstatement, whether due to fraud or
error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a
high level of assurance but is not a guarantee that an audit conducted in accordance with
ISAs will always detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material if, individually or in the aggregate, they could
reasonably be expected to influence the economic decisions of users taken on the basis of
this Special Purpose Financial Information.
ii
As part of an audit in accordance with ISAs, we exercise professional judgment and maintain
professional scepticism throughout the audit. We also:
* Identify and assess the risks of material misstatement of the Special Purpose
Financial Information, whether due to fraud or error, design and perform audit
procedures responsive to those risks, and obtain audit evidence that is sufficient
and appropriate to provide a basis for our opinion. The risk of not detecting a
material misstatement resulting from fraud is higher than for one resulting from
error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
* Obtain an understanding of internal control relevant to the audit in order to design
audit procedures that are appropriate in the circumstances, but not for the purpose
of expressing an opinion on the effectiveness of the entity's internal control.
* Conclude on the appropriateness of management's use of the going concern basis
of accounting and based on the audit evidence obtained, whether a material
uncertainty exists related to events or conditions that may cast significant doubt on
the entity's ability to continue as a going concern. If we conclude that a material
uncertainty exists, we are required to draw attention in our auditor's report to the
related disclosures in the Special Purpose Financial Information or, if such
disclosures are inadequate, to modify our opinion. Our conclusions are based on
the audit evidence obtained up to the date of our auditor's report. However, future
events or conditions may cause the entity to cease to continue as a going concern.
* Evaluate the appropriateness of accounting policies used and the reasonableness
of accounting estimates, if any, and related disclosures made by management.,
* Evaluate the overall presentation, structure and content of the Special Purpose
Financial Information, including the disclosures, and whether the Special Purpose
Financial Information represents the underlying transactions and events in a manner
that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any significant
deficiencies in internal control that we identify during our audit.
Grant Thornton sh.p.k.
Tirane, Albania
30/12/2024
i
"Health System Improvement Project"
For the period from 1 January to 31 December 2023
(amounts are expressed in EUR unless otherwise stated)
Statement of Sources and Uses of Funds
For the period from For the period from Cumulative from
Note 1 January to 1 January to 28 August 2015 to
31 December 2023 31 December 2022 31 December 2023
Sources of funds
IBRD 84660-AL funding 4 2,844,328 4,451,335 23,284,252
IBRD 93060-AL funding 4 2,000,000 0 2,000,000
Funds received from Tender purchase 8,990 1,353 19,917
Interest received _- 727
Total 4,853.318 4.452,688 2523040896
Uses of funds
Goods 5 715,421 1,728,000 7,342,572
Consultancy services 6 224,989 232,045 3,726,684
Training 7 5,808 16,126 249,887
Civil Works 8 1,384,522 2,945,896 10,875,965
Incremental operating costs 9 48,765 27,620 61,423
Funds returned to GoA -__---. ...... 3,563
Total 2379505 44,8 22022,260,094
(Deficit)/Surplus of receipts over
disbursements 2,473,813 (496,999) 3,044,802
Exchange rate differences 16,512 19,042 (63,742)
Cash at the beginning of the period 490,735 968.692 -
Total cash at the end of the period 10 2.981,060 490,735 2,981,060
The Statement of Sources and Uses of Funds is to be read in conjunction with the notes set out on pages
3 to 9 and formirig an integral part of the special purpose financial information.
The special purpose financial information of Health System Improvement Project was authorized for issue
by the management of the Ministry of Health and Social Protection on December 27, 2024, and signed on
its behalf by:
Blerina Dudushi Daniela Gjylameti
Project Manager Financial Specialist
Ministry of Health and Social Pr f/ion Ministry of Health and Social Protection
1
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"Health System Improvement Project"
For the period from i January to 31 December 2023
(amounts am expressed in EUR unless otheiwise stated)
Notes to the Special Purpose Financial
Information
I General
Through a Loan Agreement, dated March 24, 2015, signed between the Republic of Albania
("Borrower") and the International Bank for Reconstruction and Development ("Bank"), an amount of
Euro 32.1 ml has been allocated to the Health System Improvement Project (the Project) in Albania.
The objective of the Project is to contribute to the modernization of selected public hospital services.
The Project became effective on 28 August 2015 and its closing date initially set on February 28,
2021, has been extended until December 31, 2024, as a result of two subsequent restructurings.
A first Level 2 Restructuring was processed in December 2018, to revise the PDO, Project
components and related costs after the mid-term review of July 2018. The revised PDO is to
contribute to the modernization of selected public hospital services.
Another second Level 2 Restructuring was processed in October 2020 with the aim to increase
investment in civils works for urgent reconstruction needed after the November 2019 earthquake and
extend the closing date by 22 months to allow additional time to implement already signed contracts
that had been delayed as a result of COVID-1 9. As result of the above restructuring the disbursement
percentage for category one was changed into 100% (including the taxes) and the closing date was
extended until December 31, 2022, and subsequently to December 31, 2024.
Through a Loan Agreement, dated April 5, 2022, signed between the Republic of Albania ("Borrower")
and the Internationaf Bank for Reconstruction and Development ("Bank"), an additional financing of
Euro 25 ml has been allocated to the Health System Improvement Project (the Project) in Albania.
The AF became effective on July 22, 2022, and its closing date initially set on December 31, 2024,
was extended to June 30, 2025. The AF aims to build on activities successfully implemented under
the parent Project and to respond to the reconstruction needed to secure development gains.
The objective of the additional financing is to contribute to the modernization of selected public
hospital services and to support the reconstruction of selected medical facilities damaged by the 2019
earthquake.
The project components are:
i) Improving Hospitals Management and Infrastructure;
ii) Improving Health Information management/e-Health for Hospital Services;
iii) Monitoring, Evaluation, and Project Management.
3
"Health System Improvement Project"
For the period from 1 January to 31 December 2023
(amounts are expressed in EUR unless otherwise stated)
1. General (continued)
The Project is managed by the Ministry of Health and Social Protection (MHSP) former Ministry of
Health (MoH) through a Project Coordination Unit established within the Ministry.
The table below sets forth the items to be financed out of the proceeds of the loan, the allocation of
the amounts of the loan and the percentage of expenditures to be financed:
IBRD-84660
Original
contract Revised Revised
Amount of the Financing allocated after Financing allocated after Financing
Category Loan Allocated % Restructuring 1 % Restructuring 2 %
(1) Works 6,760,000 63% 9,251,000 63% 13,837,382 100%
(2) Goods, non-
consulting
services 18,360,000 100% 16,294,000 100% 12,463,794 100%
(3) Consultant
Services,
Training and
Operating Costs 6,500,000 100% 6,075,000 100% 5,718,574 100%
(4) Front-end
Fee 80,250 - 80,250 - 80,250 N/A
(5) Unallocated 399,750- 399,750 - - N/A
Total 32,100,000 - 32,100,000 - 32,100,000
IBRD-93060
Amount of the Loan PeretgofEpniustob
Category allocated (expressed in rcentage E Exenditures to be
Eurol iacd(nlsv fTxs
(1) Works, Goods, Non-Consulting services, for
the Project (other than Parts 1 (a) (ii), (iii) and (v) 22,377,500 100%
of the Project).
(2) Consulting Services, Training and Operating
Costs for the Project (other than Parts 1 (a) (ii), (iii) 2,560,000 100%
and (v) of the Project).
Amount payable pursuant to Section
(3) Front-end Fee 62,500 2.03 of this Agreement in accordance
with Section 2.07 (b) of the General
Conditions
(4) Interest Rate Cap or Interest Rate Collar Amount due pursuant to Section 4.05
premium (c) of the General Conditions
(5) Unallocated -
TOTAL 25,000,000
The Government of Albania will repay the principal amount of the Loans in semi-annual instalments
payable as of describe in following, respectively:
IBRD 84660-AL
Date Payment Due Instalment share
(On May 15 and November 15) (Expressed as a percentage
Beginning May 15, 2022, through November 15, 2036 2.94%
On May 15, 2037 2.98%
IBRD 93060-AL
Date Payment Due Instalment share
(On each April 1 and October 1) _Expressed as a percentage
Beginning October 1, 2025, through April 1, 2033 5.88%
On October 1,2033 5.92%
4
"Health System Improvement Project"
For the period from 1 January to 31 December 2023
(amounts are expressed in EUR unless otherwise stated)
1. General (continued)
The Commitment Charge payable by the Borrower shall be equal to one quarter of one percent
(0.25%) per annum on the Unwithdrawn Loan Balance. The interest payable by the Borrower for each
Interest Period shall be at a rate equal to the Reference Rate for the Loan Currency plus the Fixed
Spread; provided, that upon a Conversion of all or any portion of the principal amount of the Loan, the
interest payable by the Borrower during the Conversion Period on such amount shall be determined in
accordance with the relevant provisions of Article IV of the General Conditions.
As of December 31, 2023, Euro 2,844,328 has been disbursed from the original loan while as of
December 31, 2022, Euro 4,451,335 were disbursed. During Y2023, Euro 2,000,000 has been
disbursed from the additional loan, while no disbursements occur during Y2022.
2. Basis of preparation
The special purpose financial information has been prepared in accordance with the accounting
policies in note 3, under the Cash Basis of Accounting.
The special purpose financial information is presented in EUR. Euro is also functional currency of the
Project being the currency in which funds are received and most of expenses are settled.
The special purpose financial information comprises the Statement of Sources and Uses of Funds,
the Statement of Withdrawal Applications (and related expenditure) used as the basis for the
submission of withdrawal applications and a summary of significant accounting policies and other
explanatory notes.
3. Summary of significant accounting policies
A summary of significant accounting policies underlying the preparation of the Project's financial
statements is presented below.
3.1 Foreign currency transactions
The Project has adopted the Euro as its reporting currency for consistency with the reporting needs of
its main donor, the World Bank.
Cash and bank balances in other currencies are converted into Euro at the year-end rate of
exchange. Transactions in currencies other than Euro are converted to the reporting currency at the
rate ruling at the date of the transaction. Foreign exchange differences are recognized in the
Statement of Sources and Uses of Funds.
As of 31 December 2022, 1 Euro was equivalent to 114.23 All.
As of 31 December 2023, 1 Euro was equivalent to 103.88 All.
5
"Health System Improvement Project"
For the period from 1 January to 31 December 2023
(amounts are expressed in EUR unless otherwise stated)
3. Summary of significant accounting policies (continued)
3.2 Cash and cash equivalents
Cash comprises cash on hand, demand deposits and cash equivalents. Demand deposits and cash
equivalents comprise balances with banks and investments in short term money market instruments.
Amounts appropriated to the Entity are deposited in the Entity's bank account and are controlled by
the Entity. Receipts from exchange transactions are deposited in trading fund accounts controlled by
the Entity. They are transferred to revenue at each year end.
3.3 Recognition of income and expenses
Income is recognized when received rather than when earned, and expenses are recognized when
paid rather than when incurred. Accordingly, direct payments of the Project's expenses, which are
made from the proceeds of the trust fund, are recognized as sources and uses of funds at the time the
payment is made. The Statement of Withdrawal Applications presents only applications submitted
during the year and only expenses settled through such applications. Expenses presented in the
notes to the special purpose financial information include all expenses settled during the year in spite
of the supporting withdrawal application period.
3.4 Taxation
The Project is exempt from income tax. The Project is liable for withholding tax and personnel income
tax for its staff. The Project of liable for all VAT expenses incurred.
4. IBRD funding
Funds received from IBRD funding for the period from 1 January to 31 December 2023 were
composed as follows:
IBRD 84660-AL
Period from Period from
1 January to 31 December 2023 1 January o 31 December 2022
Direct payments 618,789 4,451,335
Replenishment 2.225.539 -
Total 2844,328 4.451,335
IBRD 93060-AL
Period from Period from
1 January to 31 December 2023 1 January to 31 December 2022
Replenishment (Advance) 2.000000
Total 2.000,000
6
"Health System Improvement Project"
For the period from 1 January to 31 December 2023
(amounts are expressed in EUR unless otherwise stated)
5. Goods
Goods for the period from 1 January to 31 December 2023 were composed as follows:
IBRD 84660-AL
Period from Period from
1 January to 31 December 2023 1 January to 31 December 2022
Supply and Installation of Equipment, local
networks for Hospitals and Upgrade of NAIS Data
Center for the Purpose of Hosting Healthcare
Systems 715,421 -
Supply & installation of Regional Hospital
Information System (RHIS)including training - 1 728.000
Total 715,421 1,728,000
G. Consultancy services
The consultancy services for the period from 1 January to 31 December 2023 were composed as
follows:
IBRD 84660-AL
Period from Period from
1 January to 1 January to
31 December 2023 31 December 2022
Staff salaries including the insurance paid by the staff 152,418 117,891
For Technical assessment, design of civil work,
specifications, estimated cost and supervision of civil
works, Installation of medical devices and Furniture's
plot of existing paediatric hospital building. 31,800 22,780
Consulting Services for the supervision of the Regional
Hospital of Kukesi 10,756 6,794
Consulting Services for the supervision of the Regional
Hospital of Lagi - 81,660
Commissioner/Validation of the extension building
Paediatric Hospital 1,681
Commissioner for Laci hospital - 1,239
Total 194,974 232,045
IBRD 93060-AL
Period from Period from
1 January to 1 January to
31 December 2023 31 December 2022
Consulting services for the design of Burn and Plastic
Hospital 30,015 -
Total 30,015
7. Training
Training for the period from 1 January to 31 December 2023 were composed as follows:
IBRD 84660-AL
Period from Period from
1 January to 1 January to
31 December 2023 31 December 2022
Training Technical working group Comp II - 16,126
Training in Washington DC Component III 5,808 -
Total 5,808 16,126
7
"Health System Improvement Project"
For the period from 1 January to 31 December 2023
(amounts are expressed in EUR unless otherwise stated)
8. Civil Works
The civil works services for the period from 01 January to 31 December 2023 were composed as
follows:
IBRD 84660-AL
Period from Period from
1 January to 1 January to
31 December 2023 31 December 2022
Rehabilitation of Pediatric Hospital Mother Teresa 969,873 635,718
Rehabilitation of Regional Hospital Kukes
(Arifaj shpk) 275,478 222,560
Rehabilitation of Regional Hospital Lac
(Consorzio Ciro Menotti Ravenna) 139,171 2087.618
Total 1,384,522 2.945,96
* Civil Works for Rehabilitation of Pediatric Hospital (QSUT) corresponds to the Component 1
"Improving Hospital Services" of the project "Health System Improvement Project" and it is
related to the contract no. HSIPICW/ICB/01-2018 dated October 04, 2019, signed between
Ministry of Health and Social Protection and JV Ulu Insaat Turizm Sanayve Ticaret Limited
Sirketi (JV leader) and 4 A - M Sh.p.k (JV Member) in the total amount of 1,098,019,044
ALL including VAT equivalent euro 8,929,162.
* Civil Works for Rehabilitation of Regional Laci Hospital corresponds to the Component 1
"Improving Hospital Services" of the project "Health System Improvement Project" and it is
related to the contract no. HSIP/CW/ICB/01-2020 dated January 29, 2021 signed between
Ministry of Health and Social Protection and Consorzio Nazionale Cooperative di producione
e Lavoro "Ciro Menotti" Societa Cooperative per Azioni the total amount of 349,210,674 ALL
including VAT equivalent euro 2,829,908.
* Civil Works for Rehabilitation of Regional Kukesi Hospital corresponds to the Component 1
"Improving Hospital Services" of the project "Health System Improvement Project" and it is
related to the contract no.HSIP/CW/ICB/05-2019 dated August 20, 2020, signed between
Ministry of Health and Social Protection and Arifaj SHPK in the total amount of 130,954,604
ALL including VAT equivalent euro 1,058,134.
9. Incremental operating costs
Operating costs for the period from 1 January to 31 December 2023 were composed as follows:
IBRD 84660-AL
Period from Period from
1 January to 31 December 1 January to 31 December
2023 2022
Health and Social Insurance for staff (portion paid put of
IOC funds) 17,965 13,787
Other Incremental Cost (office administration) 11,167 10,440
Per diem for activity assessment for 7 hospitals hardware 7,031 -
Per diem for activity installation of hardware in 4 hospitals 5,268
Per diem for activity monitoring of RHIS 4,401 -
Office Supplies 1,641 2,124
Bank Charges/ Commissions 920 606
Office Communication Expenses (Internet) 314 295
Advertisement Cost - 267
Travel expenses and per diems - 101
Total Incremental Operating Costs 48.707 27,620
8
"Health System Improvement Project"
For the period from 1 January to 31 December 2023
(amounts are expressed in EUR unless otherwise stated)
9. incremental operating costs (continued)
Operating costs for the period from 1 January to 31 December 2023 were composed as follows:
IBRD 93060-AL
Period from Period from
1 January to 31 December 1 January to 31 December
2023 2022
Bank Charges/ Commissions 58
Total Incremental Operating Costs 58
10. Cash at the end of the period
Cash at the end of the period as of 31 December 2023 was composed as follows:
lBRD 84660-AL
Period from Period from Period from
1 January to 31 1 January to 31 1 January to 31
December 2023 December 2023 December 2022
1In original currenc; converted in Eur. c onverted in EurJ
Cash at Banks
IBRD 84660 - AL Credins Bank Account in
EUR 129,137 129,137 475217
IBRD 84660 -AL Credins Bank Account in
ALL 26,890,674 258,863 15,518
IBRD 84660 - AL Special Account BoA EUR _ 623,133 _ 623,133 .
Total
IBRD 93060-AL
Period from Period from Period from
1 January to 31 1 January to 31 1 January to 31
December 2023 December 2023 December 2022
In onginal currency? 'converted in Eur converted in Eurl
Cash at Banks
IBRD 93060 - AL Credins Bank Account in
EUR 369,927 369,927
IBRD 93060 -AL Special Account BoA EUR _ _ 1,600 000 -1 600.000
Total
i1. Subsequent events
There are no other significant events that would require either adjustments or additional disclosures in
the special purpose financial information.
9
APPENDICES
P144688
__(IBRD 8466-AL & IBRD 93060-AL)
Health System Improvement Project
Statements of Special and Project's Accounts
(Supplementary schedules to the Special purpose
financial information)
Appendix I
Supplementary Schedule of Special Account Statement
Donor IBRD Loan 8466-AL
Account No: 21176532
Depository Bank Bank of Albania
Address Sheshi Skenderbej, No 1, Tirana
Currency EUR
2023 _ _ 2022
Balance at beginning of period 643,670
Funds received:
Advance from IBRD 2.225,539 -
Total funds received 2.225,539
Disbursements:
Funds transferred to Project Operational
Account-POA in ALL
Funds transferred to Project Operational (800,000) (300,000)
Account-POA in EUR - - - _ 02,406 _ _ (343,670-
Total disbursements __ 1,602406_ _401 (643,670)
Balance at end of the period
II
Appendix 11
Supplementary Schedule of Special Account Statement
Donor IBRD Loan 93060-AL
Account No:
Depository Bank 211727CE
AddressBank of Albania
Address Sheshi Skenderbej, No 1, Tirana
CurrencyEU
EUR
2023 2022
Balance at beginning of period
Funds received:
Advance from IBRD ?2000.000
Total funds received 2,000.000
Disbursements:
Funds transferred to Project Operational
Account-POA in EUR (400.0001
Total disbursements (400-0001
Balance at end of the period 1,600,000
Ill
Appendix III
Supplementary Schedule of Project Operational Account Statement-Euro
Donor IBRD Loan 8466-AL
Account No: 739084
Depository Bank 739084
AddressCredins Bank
Address Rr. Ismail Qemali Nr.4, Tirand
Currency EUR
2023 2022
Balance at beginning of period 475,217 266,680
Funds received:
Funds received from IBRD 802,406 343,670
Funds received from E.Lani (turn back per
diem Barcelona)
Funds received from internal transfer All
account to euro account _176.991
Total funds received 979,397 343,714
Disbursements:
Project expenditures
Funds received from internal transfer ALL (755,477) (124,938)
account to euro account (570,000) (10,000)
Bank charges/Bank commission 1242J
Total funds disbursed 1.325.477_135.180)
Balance at end of the period 129.137 475,214
V
Appendix IV
Supplementary Schedule of Project Operational Account Statement-Euro
Donor IBRD Loan 93060-AL
Account No:
Depository Bank 1949471
AddressCredins Bank
Address Rr. Ismail Qemali Nr.4, Tirand
Currency EUR
2023 ____ _ 2022
Balance at beginning of period 23 _ __2
Funds received:
Funds received from IBRD 400,000
Total funds received 400,000
Disbursements:
Project expenditures (30,015)
Bank charges/Bank commission '581
Total funds disbursed f30,073)
Balance at end of the period 369,927
V
Appendix V
Supplementary Schedule of Project Operational Account Statement-ALL
Donor IBRD Loan 8466-AL
Account No: 739084
Depository Bank Credins Bank
Address Rr. Ismail Qemali Nr.4, Tirand
Currency ALL
2023 2022
Balance at beginning of period 1,772,631 7,045,372
Funds received:
Funds received from IBRD 86,342,000 35,196,000
Funds received from Internal transfer 61,784,000 1,184,000
Funds received from IMB (turn back) 2,089,996
Funds received from Purchase for tender
documents
Total 966 1
Ttl149,106,670 38,630,006
Disbursements:
Project expenditures ALL
Intemal transfer from All Account to Euro (105.988,627) (43,859,639)
account
account(18,000,000)
Bank charges/Bank commission (18000000
Total 22 ---0---
Balance at end of the period in ALL __8926 74 1772,631
Balance at end of the period - -
equivalent in EUR
VI
Appendix VI
Supplementary Schedule of Project Operational Account Statement-ALL
Donor IBRD Loan 93060-AL
Account No: 2021762
Depository Bank Credins Bank
Address Rr. Ismail Qemali Nr.4, Tiran6
Currency ALL
2023 2022
Balance at beginning of period
Funds received:
Funds received from IBRD
Funds received from Internal transfer
Funds received from IMB (turn back)
Funds received from Purchase for tender
documents
Total
Disbursements:
Project expenditures ALL
Internal transfer from All Account to Euro
account
Bank charges/Bank commission -
Total
Balance at end of the period in ALL
Balance at end of the period
equivalent in EUR
VI