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. http://ec.europa.eu/eurostat/ramon/statmanuals/files/external_debt_guide_2003_EN.pdf#page=227