Definition of counterpart fund in English:

counterpart fund

noun

词汇	counterpart fund
释义	Definition of counterpart fund in English: counterpart fund noun A sum of money accrued in a local currency arising from goods or services received from abroad. 对等基金 Example sentencesExamples France and Italy used their counterpart funds to combat inflation and enforce budgetary restraint. All of the aid counterpart funds were available from the start of the year and any delays in aid projects were not due to lack of funding. The money from these sales, called counterpart funds, remained in the local currency in a special account. As much as 60 per cent of the ERP counterpart funds were used for industry and infrastructures, while agriculture only received 29 per cent. They have put together one million US dollars in counterpart funds and are waiting for donors to contribute the remaining US $5 million that the studies will require.
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