File with:  OP/BP 13.30

 DATE:

 TO:

 FROM:

 EXTENSION:

 SUBJECT:

1. As part of the simplification of Bank processes, the Operational Memorandum Approval Authority for Retroactive Extensions of Closing Dates on February 25, 2003, amended OP 13.30, Closing Dates, by providing that approval by the Vice President, OPCS, is required for retroactive extensions of closing dates for loans, credits, IDA grants, GEF grants of more than US$1million, and other trust funds approved by the Executive Directors.

2.  That memorandum also delegated to Regional/departmental vice presidents the authority to approve-for a one-year trial period-retroactive extensions of closing dates for recipient-executed grants from World Bank resources (such as IDF and other DGF grants) and trust fund resources (such as PHRD grants) that do not require approval of the Executive Directors.  The experience during the trial period has worked well.  Therefore, effective immediately, the arrangement is permanent: the authority to approve retroactive extensions of closing dates for such grants rests with the vice presidents of Regions or departments that manage such grants.

3.  Prior Consultation.  Staff should consult their Regional or departmental quality or policy unit or call the OPCS Advisory Services (ext. 88627), before formally processing requests for retroactive extensions of closing dates.  For retroactive extensions of closing dates for grants to which  OP/BP 13.30 applies, staff should also consult the relevant units specified in footnote 8 to OP 13.30.

 

4.  Queries.  This Operational Memorandum replaces the February 25, 2003 memorandum, Approval Authority for Retroactive Extensions of Closing Dates.  Questions about this Operational Memorandum may be addressed to opmanual@worldbank.org.