The goal of the initiation phase is to identify appropriate operations and to ensure that only those (i) best suited to the Bank’s mandate of promoting regional cooperation and economic development, (ii) suitably ‘bankable’- meaning that they appear to be financially sound and/ or economically viable- enter the Operations Cycle.

 

This Phase includes the following sequential steps:

• Identification of the Operation
• Eligibility Review
• Clearance of Operation Concept by the Credit Committee

 

The Operation Leader will request from the relevant Bank departments and units, the provision of all necessary support in a timely manner. Prior to Concept Clearance Document (CCD) approval by the Credit Committee, the Bank will not devote substantial resources to the preparation of an operation.