Crown Agents Bank operates accounts on behalf of bilateral and multilateral aid donors, disbursing funds in line with donor controls and providing financial reports to donors, recipients, and their agents as a transparent and trusted third party.
Aid accounts
- Accounts in all major currencies and other traded currencies
- Receipt of funds in any major currency for conversion to the currency of the grant or project
- A dedicated account manager providing an efficient and personal service to donors, recipients and their agents
Pooled funds
- Accounts controlled by one lead donor or jointly by several donors, recipients and their agents
- Optional accounts for each donor
- Flexible arrangements for new donors to join pooled funding accounts
Disbursement
- Payments under donor authorisation or, for procurement or other implementing agents, under delegated authority
- Payment instructions received by post, fax, email or through e-banking@crownagents
- Payments in all major currencies and many exotic currencies
- Letters of credit and guarantees
Reporting
- Secure, 24 hour account information through e-banking@crownagents
- Statements and other reporting to donors, recipients and their agents
- Commitment reports and funds drawdown
- Monitoring and reporting on implementing agents for donors or recipients