Blocked funds

Blocked funds

Cash flows generated by a foreign project that cannot be immediately repatriated to the parent firm because of capital flow restrictions imposed by the host government.

Blocked Funds

Money generated by a company's foreign operations that cannot be moved from one country to another because of one or more regulations in the country in which the money was generated. For example, a government may place a limit on the maximum amount that may be moved out of a country over a given period of time. Having an excessive amount in blocked funds may harm a company's cash flow. See also: Political risk.
References in periodicals archive ?
Blocked funds are a major disincentive to the global aviation industry and put air connectivity at risk.
The ministry in charge stated that the blocked funds can not be withdrawn and are only a guarantee that students have enough cash to cover their expenses.
The agenda for the meeting includes amendment of the Sindh Technical Education and Vocational Training Act, 2009, nomination of a dean for Karachi University and the approval for provision of the blocked funds for the Sindh Government Children's Hospital, operating under public-private partnership (PPP) modality.
The decision to allow Cairo to use the previously blocked funds is intended to recognize "steps Egypt has taken over the last year in response to specific U.S.
But we are encouraged by the recent developments in Nigeria and Angola, and hope other states will also move quickly to address blocked funds," de Juniac said.
KOHAT -- The nazims' alliance of union councils of southern districts of Khyber Pakhtunkhwa has demanded release of blocked funds of the current fiscal year and powers envisaged under the local bodies law.
Islamabad -- The Chinese government has temporarily blocked funds allocated for the construction of roads under China Pak Economic Corridor (CPEC).
Safety, Blocked Funds, Connectivity, Smarter Regulation Top Agenda for Africa
Iran accounts for 87 percent of the blocked funds. Another 10 percent belongs to Cuba and will be unblocked soon as it has been dropped from the list of state sponsors of terrorism.
Without the FMF allocation, the price tag for the eight F-16 fighter aircraft would increase by two-and-a-half times the original cost, after the US Congress blocked funds for Pakistan to purchase F-16 fighter planes and asked to review the price.
Based on the JPA, $11.2bln of Iranian blocked funds should be released in three phases, $4.2bln of which were released in the first phase in eight installments from February 1st to July 20th, the Iranian students' news agency reported.
New Delhi: India paid a second instalment of $550 million in oil dues to Iran yesterday under an interim deal that has allowed Tehran access to $4.2 billion in blocked funds globally, two industry sources said.