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Terms and conditions |
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All projects developed by the Inter-American Development Fund respect the following terms and conditions extracted from our Organic Constitution and Internal Bylaws.
Terms and Conditions
- The Inter-American Development Fund is apolitical; therefore no project or initiative should be taken in order to favor a political party or politician during elections.
- To avoid mismanagement of funds, the Inter-American Development Fund does not handle money to other institutions, companies, or persons for the implementation of projects. All monies will be handled uniquely by authorized functionaries of the Inter-American Development Fund to purchase, contract or hire services and materials necessary for the completion of the project.
- The Inter-American Development Fund reserves the naming rights for the park, plaza, school, classroom, auditorium, field, arena, court, library, clinic, or hospital to be built. This because the Inter-American Development Fund uses the name as a fundraising strategy to attract sponsors for the project.
- The Inter-American Development Fund does not finance projects alone, and will always request that the recipient community/organization and local government complement the costs of the project.
- During the inauguration of the project the Inter-American Fund may have up to three official speakers depending on special guests and relevant benefactor.
- The Inter-American Development Fund reserves the right to place a plaque in the structure to be inaugurated with the name of the project, its sponsors, and those who made it possible.
- During the inauguration of the project there will be a priest of the Holy Roman Catholic Church present who will bless the project and those involved in it.
- The Inter-American Development Fund reserves the right to use images, videos, blue prints, and other materials for promotion and fundraising of the project.
The Inter-American Development Fund will require that the recipient community/organization through its representative sign a Concession Contract at the day of the Inauguration pledging to maintain, safeguard, and if needed enhance the structure. Recipient also pledges to receive representatives of the Inter-American Development Fund for their annual supervision to the facilities and its administration. |
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