Good Governance and Transparency. 5. The Borrower shall comply with ADB’s Anticorruption Policy (1998, as amended to date). The Borrower, consistent with its commitment to good governance, accountability and transparency, agrees (a) that ADB reserves the right to investigate, directly or through its agents, any alleged corrupt, fraudulent, collusive or coercive practices relating to EARTY, and (b) to cooperate fully with any such investigation and to extend all necessary assistance, including providing access to all relevant books and records, as such relate to EARTY and may be necessary for the satisfactory completion of any such investigation.
Good Governance and Transparency. 10. The Borrower will publicly disclose on the website for the Project information on how the proceeds of the Loan are being used for the intended beneficiaries following applicable procedures. The website shall present financial statements and track procurement contract awards, and include information on, among others, status of flood damages and casualties, subproject selection criteria, information on funding commitment by donors, the list of participating bidders, name of the winning bidder, basic details on bidding procedures adopted, amount of the contract awarded, the list of goods and/or procedures adopted, amount of the contract awarded, the list of goods and/or services purchased, and their intended and actual utilization.
Good Governance and Transparency. 19. The Borrower shall ensure and shall cause Punjab to ensure public disclosure on the website of information about how the proceeds of the Loan are being used for the intended beneficiaries following applicable procedures. The website shall present financial statements and track procurement contract awards, and include information on, among others, status of flood damages and casualties, subproject selection criteria, information on funding commitment by donors, the list of participating bidders, name of the winning bidder, basic details on bidding procedures adopted, amount of the contract awarded, the list of goods and/or procedures adopted, amount of the contract awarded, the list of goods and/or services purchased, and their intended and actual utilization.
Good Governance and Transparency. Decision making by Parties and direction, oversight and operation of PNAO will be based on a robust governance structure with sound management and administrative arrangements. • Mutual support and assistance: In accordance with PNA Resolution 2010-01, PNA will continue to unanimously and unconditionally support each other in seeking to achieve their individual and collective sustainable fisheries development opportunities and aspirations. • Independence: ensure the PNA strength in decision- making is politically and economically independent from any influence that may compromise it. Basis for Cooperation Under this Strategic Plan, there are three main foci for Parties to cooperate with each other through PNA. These flow from the Vision determined by the Parties:
Good Governance and Transparency. 6. The Borrower shall ensure that ADB’s Anticorruption Policy (1998, as amended to date) is followed throughout Program implementation, it being understood that ADB reserves the right to investigate, directly or through its agents, any alleged corrupt, fraudulent, collusive or coercive practices relating to the Program. The Borrower shall allow ADB representatives to carry out spot or random checks on the flow of funds. The Borrower shall allow independent auditors, acceptable to ADB, to undertake performance audits on a random basis to review the Program implementation.
Good Governance and Transparency. 26. Consistent with ADB’s and with the Borrower’s commitment to good governance, accountability and transparency, the Borrower shall ensure that the Project funds are utilized effectively and efficiently to implement the Project and to achieve the Project objectives. ADB shall have the right to conduct spot audits at any time during the project implementation to determine the degree to which Project funds have been effectively and efficiently utilized to implement the Project and achieve its objectives, outputs and performance indicators. ADB shall also have the right to investigate any possible financial or management impropriety in conducting the Project. The Borrower shall cooperate with any such audit and investigation and extend necessary assistance, including access to all relevant books and records, as well as engagement of independent auditors and experts that Schedule 6 may be needed for satisfactory completion of such audits and investigations. All external costs related to the audits and investigations shall be funded from the Loan.
