Implementation of Part A of the Project. 1. In order to achieve the objectives of Part A of the Project, the Recipient shall, through NPMU: (a) implement the Selected Activities, with the assistance of the PEAs, in accordance with the guidelines set forth in the PIP; (b) enter into an MOU with each PEA selected to carry out one or more Selected Activities, such MOU to set forth the parties’ respective roles, responsibilities and obligations, which shall, inter alia, include the following: (i) the Recipient shall obtain rights adequate to protect the Recipient’s interests and those of the PEA, including the right to: (A) suspend or terminate the right of the PEA to use the (1) maintain a financial management system and prepare financial statements in accordance with consistently applied accounting standards, acceptable to the Association, in a manner adequate to reflect the operations, resources and expenditures related to the Selected Activities; and (2) have such financial statements audited by independent auditors acceptable to the Association, in accordance with consistently applied auditing standards acceptable to the Association, and promptly furnish the statements as so audited to the NPMU and the Association; (ff) enable the Recipient and the Association to inspect the Selected Activities, their operation and any relevant records and documents related thereto; and (gg) prepare and furnish to the Recipient and the Association all such information relating to the foregoing as the Recipient or the Association shall reasonably request; (ii) each PEAs shall plan and implement the Selected Activities, and, inter alia, be responsible for: (A) preparing DPRs as per nationally accepted technical standards and specifications; (B) seeking appropriate technical and administrative approvals from within their own departments and NPMU; (C) collaborating and coordinating with the relevant governmental departments/ agencies, local government bodies, NGOs, CBOs and coastal communities; (D) carrying out activities relating to the procurement of works and goods, as described in the Procurement Manual, construction/installation of facilities, contract management, and day to day supervision, in coordination with NPMU; (E) ensuring compliance with the ESMP, RPF, GAAP and Anti-Corruption Guidelines;
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Sources: Financing Agreement, Financing Agreement