ICP Procedures
How ICP Procedures is as below :
| Project | Content |
|---|---|
| Screening of procurement projects that require industrial cooperation | Reviewed by relevant procurement agencies and the ICP Office. |
| Stipulation of ICP specifications | Preparing ICP specifications by the ICP Office for use by the agency; taking into account of the nature of the procurement project. |
| Negotiations of Industrial Cooperation Agreement(s) and ICP plan(s) | Negotiations between foreign contractors and the ICP Office, submission of draft ICP plans by foreign contractors, and review of the draft ICP plans by relevant experts. |
| Execution of Industrial Cooperation Agreement(s) | Signing of the industrial cooperation agreement by and between IDB and foreign contractors. |
| Preliminary approval of eligible ICP transaction(s) | Review of the eligible ICP transactions proposed by foreign contractors; Submission of the proposal to the Executive Committee for preliminary approval. |
| Monitoring implementation of eligible ICP transaction(s) | Monitoring the progress of ICP projects by the ICP Office. |
| Final approval and credit-granting for implemented eligible ICP | Review and determination of the final credits to be granted by the Executive Committee upon completion of the eligible ICP transaction and provision of the relevant information by foreign contractor. |
| Review and completion of ICP | Compilation of data on ICP performance and achievements. |