Evaluatierapport (PDF, 6.47 MB) - Buitenlandse Zaken - Belgium

FINEXPO EVALUATION
After the buyer fulfils its conditions for commercial funding, the
loan agreement negotiations start. After approval of the lending
bank, a first down payment is required, as well as the necessary
guarantees. The Ministry of Finance or a solid bank in the
recipient country is required to act as borrower/guarantor.
Spain: Fondo de
Ayuda
al
Desarrollo
All projects are being monitored, as well as the total portfolio in
order to ensure that the portfolio responds to the programme
objectives, while project monitoring ensures the quality of the
aid and the sustainability of the projects. This monitoring is
done by Danida and by contracted consultants. Follow-up
missions and review of one or several projects are carried out.
All projects are included in an indicator system that allows
detecting features at programme level.
Either a Spanish exporter, a foreign importer, or a public or
bank entity may identify a project or programme and request for
FAD support.
The request is presented to the Secretaría de Estado
de Turismo y Comercio. Next to the application form,
certain certificates have to be issued, such as on the
use of foreign materials, local expenses, commercial
fees; and the institutional relationship between
exporter and buyer (shares; holdings; common
interests).
After pre-appraisal, the technical content is further
assessed by different multi-disciplinary groups,
according to the subject matter of the request.
If endorsed, the Secretary for Tourism and Trade
passes it on to the ministries for Industry, Tourism
and Trade and for Foreign Affairs. If endorsed, the
proposal is submitted to the Inter-ministerial
commission
This Inter-ministerial Commission is chaired by the
State Secretary for Tourism and Trade, with as vicepresidents
the Ministries for Foreign Affairs and
Industry, Tourism and Commerce. Members are
representatives of a variety of ministerial
departments and agencies.
If approved, the recipient government is invited to
accept explicitly the conditions for the grant and loan,
as well as the purpose of the credit.
Once received, approval follows by Cabinet (Consejo
de Ministros Español).
Once formally approved, the specific terms of the
Credit Agreement are negotiated with the financial
agent of the recipient country. Signing of Agreement
follows.
The budget commitment is made by the Directorate
General for Trade and Investment.
Funds are made available to the exporter or the
intermediary bank for the first instalment. This will be
in line with the terms agreed upon in the
corresponding commercial contract.
The subsequent payments will be managed by a
see
Final report – Appendix 8 – page 157