4.2.8 Transferring 1st instalment to partner
Once the partnership agreement is signed off by all parties, the 1st installment should be transferred to the partner. CARE has an obligation to transfer funds to a partner as soon as possible. Delay in transferring funding to the partner can be a huge obstacle in effective program implementation, particularly with partner that have limited pre-financing capacity. The new grant will have to be set-up in the administration systems and this may take some time. Following up on timely installments to partners is a critical task for CARE staff.