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GF/B05/DP07
Approved by the Board on: 06 June 2003
Fiduciary Arrangements
1. The Board endorsed the policies on Fiduciary Arrangements for Grant Recipients as described in the document GF/B5/13 with the following amendments:
a. Page 5, paragraph 12: Local Fund Agents must not vs. should not be involved in the design and implementation of the funded programs.