Typically, the beginning of a project is a period of great energy and enthusiasm. A motivated, directed and engaged Task Team can do much to mitigate these tendencies, and make a difference in project execution by the Borrower. Mutual trust for mutual gains. While the overriding principle is that it is the Borrower s Project, the Bank and Borrower share a common purpose. However, the Bank Team and the Borrower recognized that the relationship was not adversarial but rather that both teams will share in successes and failures.
Information systems are essential for the successful functioning of a project.
Difficult and complex as it is to install and make operational such systems in a highly technological environment, this is obviously all the more so in a less connected context. While introducing information technology which can handle financial, personnel, maintenance, operational monitoring is important, one should remember these difficulties when applying time-sensitive rules to clients. Transparency, openness and frequency of contact. Increasingly, electronic linkages are the means of communicating formal Bank documentation to the Borrower. At the same time, the Internet is an effective and cheap way of being informally in regular contact.