The other 40 % of the counterpart funds were used to pay down the debt, stabilize the currency, or invest in non-industrial projects.
12.
For instance, Germany's Marshall Plan counterpart funds were used to set up such an investment fund, and it is still in operation today.
13.
Officials said budget cuts and other government cost-cutting steps have left several agencies unable to provide counterpart funds and finance other costs required by the projects.
14.
Critics have raised similar concerns about the government's failure to use funds from foreign loans, mainly owing to lack of local counterpart funds required for projects.
15.
With our counterpart fund intact, we approached the Community Driven Development Social Implementation Unit ( CDDSIU ) at Asaba in Delta State and completed the expression of interest form.
16.
In 1992 environmental projects worth about US $ 6.8 million were identified, with US $ 2.6 in counterpart funds ( funds provided by the Brazilian government ).
17.
Yuji Morimoto, OECF's chief representative in Bangkok, said the counterpart fund is set to be introduced for the first time along with the 23rd OECF loan project for Thailand later this year.
18.
OECF took the initiative to create the counterpart fund after realising that despite a series of assistance packages Thailand had received from the IMF and World Bank, the country is still suffering from low foreign reserves.
19.
The remainder, 3.4 billion birr or 30 percent of the total is expected to be covered by what the Ministry of Finance describes as counterpart funds, bilateral and international technical assistance and loans.
20.
Ethiopia will rely on counterpart funds, bilateral and international technical assistance and loans to meet 3.4 billion birr ( dlrs 485 million ) or 30 percent of its budgeted expenses for 1998 / 99.
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