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Ultimately, it will lead to delays in disbursement of basket funds from central government to the LGAs.
Its chief executive, William F. Browder, sued Surgut in Russian court in 2004 and 2005 to compel the company to adhere to Russian securities law, something that could have led to a disbursement of the cash reserves, which were smaller at the time but still significant, as dividends.
One of the biggest constraints faced in the implementation has been related to organizational limitations and bureaucracy, which led to delayed disbursement of funds and subsequent delays in implementation.
But while the new bail-out may end up bigger than the old, it will not necessarily lead to the quick disbursements that Ukraine desperately needs.For that reason Ukrainian officials were forced into a volte-face on the question of debt restructuring.
Fluctuating aid disbursements do not need to lead to such distortion.
This led to delays in disbursements to the district level.
In 2010, the cost of 16 years of sporadic disbursement leads to a 1-year cost of $21.3 billion (CI: 1.5, 45.1), and we estimate that the total cost of sporadic disbursement (the integral below the curve illustrated in Figure 2) for the 119 countries and 16 years is $96.9 billion (CI: 0.5, 212.4).
1800, related to disbursement of funds.
2485, related to disbursement of funds.
These disbursement patterns are similar to disbursement patterns of stable countries.
The joint programme has been limited by issues related to disbursement of funds, which have created challenges for implementing partners.
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