Conditions Precedent; Sequencing. MCC Funding will be disbursed in tranches. The obligation of MCC to approve MCC Disbursements and Material Re-Disbursements for the Program and each Project is subject to satisfactory progress in achieving the Objectives and on the fulfillment or waiver of any conditions precedent specified in the Disbursement Agreement for the relevant Program activity or Project or Project Activity. The sequencing of Project activities or Project Activities and other aspects of how the Parties intend the Projects to be implemented will be set forth in the Implementation Plan, including Work Plans for the applicable Project, and MCC Disbursements and Re-Disbursements will be disbursed consistent with that sequencing. Annex II-2 EXHIBIT A Multi-Year Financial Plan Component Year 1 Year 2 Year 3 Year 4 Year 5 Total (USD $ million)
Conditions Precedent; Sequencing. MCC Funding will be disbursed in tranches. The obligation of MCC to approve MCC Disbursements and Material Re-Disbursements for the Program is subject to satisfactory progress in achieving the Objectives and on the fulfillment or waiver of any conditions precedent specified in the Disbursement Agreement for the relevant activity under the Program. The sequencing of Project Activities or sub-activities and other aspects of how the Parties intend the Program to be implemented will be set forth in the Implementation Documents, including the Work Plan for the applicable Program (and each component thereof), and MCC Disbursements and Re-Disbursements will be made consistent with such sequencing. EXHIBIT A MULTI-YEAR FINANCIAL PLAN SUMMARY Totals Including Contingencies (USD) Project Year 1 Year 2 Year 3 Year 4 Year 5 Total 1. Bamako-Sénou Airport Improvement Project 15,381,180* 49,389,652 79,422,986 38,834,682 869,196 183,897,696 2. Alatona Irrigation Project 21,971,279 65,417,249 66,815,632 54,197,204 26,207,104 234,608,468 3. Monitoring and Evaluation 1,500,000 520,000 655,000 705,000 1,525,000 4,905,000 4. Program Management and Oversight 8,200,000 7,300,000 7,400,000 7,200,000 7,300,000 37,400,000 TOTAL ESTIMATED MCC CONTRIBUTION 47,052,459 122,626,901 154,293,618 100,936,886 35,901,300 460,811,164 *Includes $2,718,638 for feasibility studies related to an originally programmed industrial park project that has been subsequently removed from the Compact due to the results of such feasibility studies. EXHIBIT C ANNEX III (DESCRIPTION OF THE M&E PLAN) ANNEX III DESCRIPTION OF THE M&E PLAN This Annex III to the Compact (the “M&E Annex”) generally describes the components of the M&E Plan for the Program. Except as defined in this M&E Annex, each capitalized term in this M&E Annex shall have the same meaning given such term elsewhere in this Compact.
Conditions Precedent; Sequencing. MCC Funding will be disbursed in tranches. The obligation of MCC to approve MCC Disbursements and Material Re-Disbursements for the Program, the Transport Infrastructure Project, and each Project Activity is subject to satisfactory progress in achieving the Project Objectives and on the fulfillment or waiver of any conditions precedent specified in the Disbursement Agreement for the relevant Program activity, Project or Project Activity. The sequencing of Project Activities and other aspects of how the Parties intend the Transport Infrastructure Project to be implemented will be set forth in the Implementation Plan, including Work Plans for the applicable Project Activities, and MCC Disbursements and Re-Disbursements will be disbursed consistent with that sequencing. ANNEX II-2 EXHIBIT A Multi-Year Financial Plan Component (in US$ millions) Year 1 Year 2 Year 3 Year 4 Year 5 Total 1. Transport Infrastructure Project Infrastructure Activity 4.00 22.45 25.80 2.21 0.03 54.47 Institutional Strengthening Activity 5.47 0.48 0.09 0.09 0.09 6.22 2. Program Management 0.43 0.32 0.28 0.28 0.28 1.59 3. Monitoring and Evaluation 0.28 0.06 0.06 0.06 0.91 1.37 4. Fiscal and Procurement Agents 1.17 0.14 0.14 0.14 0.14 1.71 5. Audit 0.07 0.07 0.07 0.07 0.07 0.33 TOTAL MCC INVESTMENT 11.42 23.51 26.43 2.85 1.52 65.69 Note: Figures are rounded to second decimal place. Foreign exchange rate: USD = 108 Vatu. ANNEX III DESCRIPTION OF THE M&E PLAN This Annex III to the Compact (the “M&E Annex”) generally describes the components of the M&E Plan for the Program. Except as defined in this M&E Annex, each capitalized term in this Annex III shall have the same meaning given such term elsewhere in this Compact.
Conditions Precedent; Sequencing. MCC Funding will be disbursed in tranches. The obligation of MCC to approve MCC Disbursements and Material Re-Disbursements for the Program is subject to satisfactory progress in achieving the Objectives and on the fulfillment, deferral or waiver of any conditions precedent specified in the Disbursement Agreement for the relevant activity under the Program. The sequencing of Project Activities or sub-activities and other aspects of how the Parties intend the Program to be implemented will be set forth in the Implementation Documents, including the Work Plan for the Program (and each component thereof), and MCC Disbursements and Re- Disbursements will be made consistent with such sequencing. ANNEX II-2 EXHIBIT A MULTI-YEAR FINANCIAL PLAN SUMMARY (US$ '000) Project Year 1 Year 2 Year 3 Year 4 Year 5 Total 1. Agriculture Project (a) Commercial Training Activity 9,542 14,081 17,511 15,946 8,935 66,015 (b) Irrigation Activity - 942 8,679 11,378 6,609 27,608 (c) Land Activity 2,790 2,698 2,343 1,705 1,152 10,688 (d) Post-Harvest Activity 3,641 6,504 6,747 2,782 702 20,376 (e) Credit Activity 14,300 12,200 13,100 10,300 8,500 58,400 (f) Feeder Roads Activity 2,344 10,644 21,955 22,954 - 57,897 Sub-Total 32,617 47,069 70,335 65,065 25,898 240,984 2. Transportation Project (a) N1 Activity 13,099 11,200 18,576 28,752 29,669 101,296 (b) Trunk Roads Activity 1,484 6,739 13,900 14,331 - 36,454 (c) Ferry Activity 263 2,141 2,950 - - 5,354 Sub-Total 14,846 20,080 35,426 43,083 29,669 143,104 3. Rural Development Project (a) Procurement Capacity Activity 447 921 950 - - 2,318 (b) Community Services Activity 7,500 15,000 22,500 30,000 - 75,000 (c) Financial Services Activity 7,576 5,189 7,078 4,127 - 23,970 Sub-Total 15,523 21,110 30,528 34,127 - 101,288 4. Monitoring and Evaluation 3,000 3,000 3,000 3,000 3,000 15,000 Sub-Total 3,000 3,000 3,000 3,000 3,000 15,000
Conditions Precedent; Sequencing. MCC Funding will be disbursed in tranches. The obligation of MCC to approve MCC Disbursements for the Program is subject to satisfactory progress in achieving the Objectives and to the fulfillment or waiver of any conditions precedent specified in the Disbursement Agreement for the relevant activity under the Program. The sequencing of Project Activities or sub-activities and other aspects of how the Parties intend the Program to be implemented will be set forth in the Implementation Documents, including the Work Plan for the Program (and each component thereof), and MCC Disbursements and Re-Disbursements will be made consistent with such sequencing.
Conditions Precedent; Sequencing. MCC Funding will be disbursed in tranches. The obligation of MCC to approve MCC Disbursements and Material Re-Disbursements for the Program and each Project is subject to satisfactory progress in achieving the Objectives and on the fulfillment or waiver of any conditions precedent specified in the Disbursement Agreement for the relevant Program activity, Project or Project Activity. The sequencing of Project Activities and other aspects of how the Parties intend the Projects to be implemented will be set forth in the Implementation Plan, including Work Plans for the applicable Project, and MCC Disbursements and Re-Disbursements will be disbursed consistent with that sequencing. ANNEX II-2 EXHIBIT A Multi Year Financial Plan Summary Financial Budget (Millions of Dollars) ITEM DESCRIPTION TIMELINE Total(4) CY1 CY2 CY3 CY4 CY5(5) PROPERTY REGULARIZATION PROJECT 6.4 10.2 6.4 3.5 0.0 26.5 Activity A Institutional Capacity Building 1.7 1.1 0.8 1.5 0.0 5.1 Activity B Cadastral Mapping 0.3 1.5 1.0 0.6 0.0 3.3 Activity C Land Tenure Regularization 3.1 4.5 2.2 0.0 0.0 9.8 Activity D Database Installation 0.1 0.1 0.1 0.1 0.0 0.3 Activity E Protected Area Demarcation 0.3 0.6 0.1 0.1 0.0 1.1 Activity F Analysis and Communications 0.4 1.5 1.6 1.0 0.0 4.4 Contingency 0.6 0.9 0.6 0.3 0.0 2.4 TRANSPORTATION PROJECT (1) 4.9 18.8 30.6 27.9 10.5 92.8 Activity A N-I Road (segment of Pacific Corridor) (2) 1.7 6.5 10.7 9.8 3.2 32.0 Activity B Secondary Roads (3) 3.0 12.0 19.8 18.0 7.2 60.0 Activity C1 Technical Assistance to FOMAV (8) 0.1 0.1 0.0 0.0 0.0 0.3 Activity C2 Technical Assistance to MTI (8) 0.1 0.1 0.1 0.1 0.1 0.5 RURAL BUSINESS DEVELOPMENT PROJECT 5.2 7.9 9.3 11.1 0.3 33.7 Activity A Rural Business Development Services 2.1 2.2 2.3 2.1 0.2 8.9 Activity B Technical and Financial Assistance 0.8 2.5 2.5 2.5 0.0 8.5 Activity C Grants to Improve Water Supply for Farming and Forestry Production (6) 1.8 2.5 3.6 5.4 0.0 13.3 Contingency 0.5 0.7 0.8 1.0 0.0 3.1 MCA PROGRAM ADMINISTRATION, MONITORING & EVALUATION 2.4 1.8 2.7 1.9 1.9 10.6 Establishment and Operation of MCA-Nicaragua 1.0 0.8 0.8 0.8 0.6 4.0 Monitoring and Evaluation (7) 0.9 0.2 0.9 0.2 0.9 3.3 Financial Audits 0.3 0.6 0.7 0.7 0.2 2.5 Contingency 0.2 0.2 0.2 0.2 0.2 1.0 FISCAL / PROCUREMENT AGENT 1.5 2.7 3.4 3.1 0.7 11.5 TOTAL 20.4 41.3 52.5 47.5 13.3 175.0 EXHIBIT A: (Notes)
Conditions Precedent; Sequencing. MCC Funding will be disbursed in tranches. The obligation of MCC to approve MCC Disbursements and Material Re-Disbursements for the Program and each Project is subject to satisfactory progress in achieving the Objectives and on the fulfillment or waiver of any conditions precedent specified in the Disbursement Agreement for the relevant Program activity or Project Activity. The sequencing of Project Activities and other aspects of how the Parties intend the Projects to be implemented will be set forth in the Implementation Plan, including Work Plans for the applicable Project, and MCC Disbursements and Re-Disbursements will be disbursed consistent with that sequencing. EXHIBIT A: MULTI-YEAR FINANCIAL PLAN SUMMARY Re-Disbursements Funded Directly from MCC Disbursements Component Year 1 Year 2 Year 3 Year 4 Year 51 Total 1. Rural Development Project2 4,722 8,160 6,450 3,000 304 10,548 1,277 15,050 3,000 324 27,415 13,773 21,500 8,000 1,509
