Agreement to provide aid and extend trade and tariff preferences to 62 African, Caribbean, and Pacific (CAP) states by the European community, now the European Union. In 1975 the capital of Togo, Lome, entertained the first convention.
Major creditor banks informally associated who discuss debt rescheduling when requested by borrower governments, as well as other banking matters. The group convenes as needed for these discussions. Also refer to Group Of Ten.
The bidding half of an exchange in the london interloan bank.
The average of rates that five major London banks willingly bid for a $10 million deposit for a period of three or six months. This is the interest rate London banks pay to borrow from one another in the interbank market. Also refer to London Interbank Offered Rate (LIBOR).
The average amount the London bank will accept or deposit.
Basic digital-logic element used to build electronic circuits. Five basic gate types named in Boolean notation are: OR gate, AND gate, NOT gate, NOR (NOT OR) gate, and NAND (NOT AND) gate. Each of these gates are used to direct or switch current flow. Other than the NOT gate, each output is a function of the input(s), and each gate can have more than one binary input. Also known as logic circuit.
Applying Management by Objectives (MBO) methodology to design, be it program or project, monitoring, and evaluation. MBO consists of four steps: (1) establishing objectives, (2) establishing causal linkages among activities, inputs, outputs, and objectives as cause-and-effect relationships, (3) identifying assumptions underlying the causal linkages, and (4) identifying objectively verifiable ways of evaluating progress and success. It is 4 x 4 matrix frame used to map the columns, representing program or project objective levels, that are known as vertical logic, and rows, representing progress assessing measure, that are known as horizontal logic. Also known as logical framework method or project framework.
A management philosophy: strategies develop over various small decisions evaluated periodically, and not by a one-time decision. Logical results through experimentation and learning lead to these small decisions, not random determination.
1. The rules of formal logic are the basis of this type of reasoning. 2. Critical thinking by another name.
Achieving the objectives of a campaign, plan, project, or strategy based on personnel, material, and other resources positioned by procurement, movement, and stationing as a part of planning, execution, and control. ‘Management of inventory in motion and at rest’ is a common definition.