Definition: Project loans: disbursements
External debt - IMF
Disbursements of project loans can take the form of
• Advances to the borrowing entity—disbursements are to be recorded when the lender advances funds to the borrower;
• Direct payment by the lender to suppliers of goods and services—disbursements are to be recorded when the lender pays the supplier; and
• On a reimbursement basis after the borrower has already paid the suppliers—disbursements are to be recorded when the lender makes reimbursements to the borrower.
International Monetary Fund (IMF), "External Debt Statistics: Guide for Compilers and Users; Appendix I. Specific Financial Instruments and Transactions: Classifications", Washington D.C., 2003