In relation to the reimbursement mechanism: It is specified that there will be an advance payment and then every 4 months there will be an interim report as well as a verification expenditure report. Will these expenditure reports be available in due time to ensure a flux of cash flow for beneficiaries?

The reporting period for the project is defined in the Subsidy Contract and should be prepared by the project Beneficiaries every 4 months. The national controllers should perform the verification of the Reports within the set deadlines. It is very much depending on the quality of the reports and the capacity of the Controller’s organization to process reports. The Controllers will verify the expenditure using the “simplification” method for the SCOs, which should speed up the entire process.