Examples of using Variable tranche in English and their translations into Bulgarian
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Colloquial
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Medicine
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Ecclesiastic
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Ecclesiastic
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Computer
These countries received 43.29% of the total variable tranche payments for that year.
The ministry was required to draft andsubmit a communication plan as a condition for disbursement of the first variable tranche.
The schools were only finished in 2017 and the variable tranche was paid in December 2017.
Only in the case of PAR3, a variable tranche, with three specific conditions, was further conditionality added for the extra funds.
This does not provide the necessary assurance to justify subsequent variable tranche payments(see paragraphs 42 to 46).
Similarly, in Sierra Leone the variable tranche conditions for 2013 were met before the related Financing Agreement was signed.
The Commission considers that DRM is systematically assessed in all Budget Support contracts- even ifit is not a variable tranche(VT) indicator.
The Guidelines suggest that the number of variable tranche indicators should generally range from 3 to 10.
The Commission considers that DRM-related assessments are used in all Budget Support contracts- even ifit is not a variable tranche indicator.
Furthermore, the Commission's assessment of whether variable tranche indicators had been met was not always reliable.
As variable tranche indicators are designed to be measured on an annual basis, the targets to be met are by essence of a short-term nature.
A further factor influencing the incentive effect of the variable tranche is the proportion of the gbs programme allocated to it.
We found that the variable tranche performance indicators were well aligned to the partner countries' sector development strategies.
The Budget Support Guidelines define the criteria to be applied when defining variable tranche indicators and their process of verification.
The number of indicators used in each variable tranche was too high in 6 out of the 24 contracts, which further complicated the disbursement process.
The ministry also had to provide a report on the implementation of thecommunication plan before or upon submitting its request for disbursement of the next variable tranche.
Some of these procedures do not ensure that variable tranche payments are based on reliable data and thus, are not fully justified.
First variable tranche for 2015: transmission and follow-up of the implementation of action plans for the mobilisation of fiscal and customs revenue in 2015.
Sector budget support programmes also include a variable tranche mechanism that reflects the growing emphasis on managing for results.
Based on this note, and after the approval of the budget support steering committee,the Commission decides the amount of the variable tranche that should be paid(see Figure 3).
The amount available for the variable tranche comprised 9 million euro for the financial year 2008/09 and 6,3 million euro of undisbursed tranches from the financial year 2007/08.
CONCLUSIONS AND RECOMMENDATIONS 54 The Budget Support Guidelines define the criteria to be applied when defining variable tranche indicators and their process of verification.
Furthermore, the Commission's assessment of whether variable tranche indicators had been met was not always reliable, leading to some insufficiently justified payments.
However, in the justice sector, the EU Delegation did not carry out sufficient monitoring at operational level,which had an effect on the payment of the variable tranche(see Box 3).
Consequently a DRM-related condition is discussed in this forum, even ifit is not a variable tranche indicator or a specific condition attached to the fixed tranche. .
Of this variable tranche a maximum of 50% could be disbursed on the basis of the performance on education indicators, while the remaining 50% would be determined by the performance indicators on health.
In the Programme,the development of human resources is addressed through the general conditions of the BS, variable tranche indicators and through activities of technical assistance components.
Variable tranche Specific conditions related to variable tranches create incentives for improved performance and may allow partial payments in case indicators are not met in full.
EuropeAid should ensure that specific conditions for performance-based variable tranche define clearly the indicators, targets, calculation methods and verification sources.
For some variable tranches, the performance data provided by the partner countries did not justify the payments made 47 Out of a total of €234 millionvariable tranche payments reviewed, for five out of eight countries, our assessment of the evidence supporting the fulfilment of variable tranche indicators shows different results from those accepted by the Commission, amounting to €13.3 million, in which one country(Pakistan) represented a 19% difference to the variable tranche payments.