Q. What is the interpretation by the EC of the “MA commitments” for interim payments stated in Article 60 of the ENI CBC Implementing Rules? Is commitment considered when the MA contracts projects or when the projects are selected by the JMC (or in case of LIPs – approved by the EC)? In addition, what is the format and timeline for interim payments?

A.

1. The sentence “MA commitments” is referring to signed contracts.
2. Commitment is considered after the signature of a contract between the MA and a contractor or supplier.
3. In conformity with the article 60.2 the MA can request additional pre-financing provided that the expenditure incurred or likely to be incurred before the end of the FY exceeds the amount of prefinancing.