Progress Reports and Mid-term Reviews Sample Clauses

Progress Reports and Mid-term Reviews. 1. The Borrower shall: (i) prepare and furnish to the Bank semi-annual progress reports, integrating the results of the implementation of the Project; (ii) review the reports jointly with the Bank; and (iii) thereafter take all measures required to ensure the efficient completion of the Project and the achievement of the objectives thereof, based on the conclusion and recommendations of the said reports and the Bank’s views on the matter. 2. The Borrower shall: (a) maintain policies and procedures adequate to enable it to monitor and evaluate on an ongoing basis, in accordance with the indicators acceptable to the Bank, the carrying out of Parts A, B.1(b), B.2, B.3, C.2, D.1 and E.1 of the Project and the achievement of the objectives thereof; (b) prepare, under terms of reference satisfactory to the Bank, and furnish to the Bank, on or about October 31, 2006, a report integrating the results of the monitoring and evaluation activities performed pursuant to paragraph (a) of this Section, on the progress achieved in the carrying out of Parts A, B.1(b), B.2, B.3, C.2, D.1 and E.1 of the Project during the period preceding the date of said report and setting out the measures recommended to ensure the efficient carrying out of Parts A, B.1(b), B.2, B.3, C.2, D.1 and E.1 of the Project and the achievement of the objectives thereof during the period following such date; and (c) review with the Bank, by November 30, 2006, or such later date as the Bank shall request, the report referred to in paragraph (b) of this Section, and, thereafter, take all measures required to ensure the efficient completion of Parts A, B.1(b), B.2, B.3, C.2, D.1 and E.1 of the Project and the achievement of the objectives thereof, based on the conclusions and recommendations of the said report and the Bank’s views on the matter. 1. For the purposes of this Schedule: