1 In this PAI, the term “loan(s)” includes grant(s), and the term “project(s)” excludes program(s) and results-based loans, unless the context requires otherwise. This PAI also applies to loans from external sources that are administered by ADB, unless agreed otherwise between ADB and cofinancier(s).
2 In this PAI, the term “borrower” also refers to recipients of grants, executing agencies, and/or implementing agencies, unless the context requires otherwise
3 The term “executing agency (EA)” also refers to implementing agency, unless the context requires otherwise.
4 Refer to Operations Manual Section D4: Policy-based Lending and relevant staff instruction for progress report requirements of policy-based loans.
5 The progress report is normally required to be submitted within 6 weeks after the end of each quarter.
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