RYCO will pay its grants according to the following procedure:

An initial installment of 80% of the grant will be released within 30 days of receipt of the signed grant contract.

The balance (20% of the grant, or the remaining amount according the actual budget spent/co-financing provided in case of under spending) will be released within 60 days after receiving the final narrative and financial reports, including all additional documents that RYCO may request to substantiate these reports.

For more details, please refer to the Financial Guidelines for Grant Applicants, point 7.


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