Common use of Sub-grants Clause in Contracts

Sub-grants. 1. The Recipient shall ensure that Subprojects are appraised, approved and monitored and Sub-grants are administered in accordance with the provisions set forth or referred to in this Part H and in more detail in the Sub-grants Manual. 2. No proposed Subproject shall be eligible for financing under a Sub-grant out of the proceeds of the Grant unless the Sub-grants Evaluation Agent has recommended, and the PFM Oversight Committee has approved subject to the World Bank’s no-objection, on the basis of an appraisal conducted by the Sub-grants Evaluation Agent in accordance with the guidelines set forth in the Sub-grants Manual, that the proposed Subproject satisfies the eligibility criteria set forth in the Sub-grants Manual. 3. A Subproject shall be carried out pursuant to a Sub-grant Agreement, to be concluded between the Recipient and the respective NSA, under terms and conditions described or referred to in more detail in the Sub-grants Manual and satisfactory to the World Bank, which, inter alia, shall include the following: the description of the activities to be implemented, including the outputs and performance targets to be achieved, and the arrangements for monitoring and reporting on the implementation of the Subproject; the modalities of transfer of funds by the Recipient to the NSA for the financing of the Subproject; the obligation of the NSA to: (i) carry out the Subproject with due diligence and efficiency and in accordance with sound technical, engineering, environmental, financial, and managerial practices and in accordance with the provisions of the Anti-Corruption Guidelines applicable to recipients of loan proceeds other than the Recipient; and (ii) maintain adequate records to reflect, in accordance with sound accounting practices, the operations, resources and expenditures relating to the Subproject; the requirement that the goods and consultants’ services to be financed from the proceeds of the Sub-grant shall be procured in accordance with procedures ensuring efficiency and economy and in accordance with the provisions of Section III of this Schedule, and shall be used exclusively in the carrying out of the Subproject; and the right of the Recipient, to: (i) inspect by itself, or jointly with the World Bank, if the World Bank shall so request, the goods and sites included in the Subproject, the operations thereof and any relevant records and documents; (ii) obtain all information as it, or the World Bank, shall reasonably request regarding the administration, operation and financial conditions of Subprojects; and (iii) suspend or terminate the right of any NSA to use the proceeds of the Sub-grant, or obtain a refund of all or any part of the amount of the Sub-grant then withdrawn, upon failure by the NSA to perform any of its obligations under the Sub-grant Agreement. 4. The Recipient shall exercise its rights under the Sub-grant Agreements in such manner as to protect the interests of the Recipient and the World Bank and to accomplish the purposes of the Project, and, except as the World Bank shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive any Sub-grant Agreement or any provision thereof.

Appears in 1 contract

Sources: Grant Agreement

Sub-grants. 1. The Recipient shall ensure that Subprojects are appraised, approved and monitored and Sub-grants are administered in accordance with the provisions set forth or referred to in this Part H and in more detail in the Sub-grants Manual. 2. No proposed Subproject shall be eligible for financing under a Sub-grant out of the proceeds of the Grant unless the Sub-grants Evaluation Agent has recommended, and the PFM Oversight Committee has approved subject to the World Bank’s no-objection, on the basis of an appraisal conducted by the Sub-grants Evaluation Agent in accordance with the guidelines set forth in the Sub-grants Manual, that the proposed Subproject satisfies the eligibility criteria set forth in the Sub-grants Manual. 3. A Subproject shall be carried out pursuant to a Sub-grant Agreement, to be concluded between the Recipient and the respective NSA, under terms and conditions described or referred to in more detail in the Sub-grants Manual and satisfactory to the World Bank, which, inter alia, shall include the following: : (a) the description of the activities to be implemented, including the outputs and performance targets to be achieved, and the arrangements for monitoring and reporting on the implementation of the Subproject; ; (b) the modalities of transfer of funds by the Recipient to the NSA for the financing of the Subproject; ; (c) the obligation of the NSA to: (i) carry out the Subproject with due diligence and efficiency and in accordance with sound technical, engineering, environmental, financial, and managerial practices and in accordance with the provisions of the Anti-Corruption Guidelines applicable to recipients of loan proceeds other than the Recipient; and (ii) maintain adequate records to reflect, in accordance with sound accounting practices, the operations, resources and expenditures relating to the Subproject; the requirement that the goods and consultants’ services to be financed from the proceeds of the Sub-grant shall be procured in accordance with procedures ensuring efficiency and economy and in accordance with the provisions of Section III of this Schedule, and shall be used exclusively in the carrying out of the Subproject; and the right of the Recipient, to: (i) inspect by itself, or jointly with the World Bank, if the World Bank shall so request, the goods and sites included in the Subproject, the operations thereof and any relevant records and documents; (ii) obtain all information as it, or the World Bank, shall reasonably request regarding the administration, operation and financial conditions of Subprojects; and (iii) suspend or terminate the right of any NSA to use the proceeds of the Sub-grant, or obtain a refund of all or any part of the amount of the Sub-grant then withdrawn, upon failure by the NSA to perform any of its obligations under the Sub-grant Agreement. 4. The Recipient shall exercise its rights under the Sub-grant Agreements in such manner as to protect the interests of the Recipient and the World Bank and to accomplish the purposes of the Project, and, except as the World Bank shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive any Sub-grant Agreement or any provision thereof.

Appears in 1 contract

Sources: Grant Agreement

Sub-grants. 1. The Recipient shall ensure that Subprojects are appraised, approved and monitored and Sub-grants are administered in accordance with the provisions set forth or referred to in this Part H and in more detail in the Sub-grants Manual. 2. No proposed Subproject shall be eligible for financing under a Sub-grant out of the proceeds of the Grant Financing unless the Sub-grants Evaluation Agent has recommended, and the PFM Oversight Committee has approved subject to the World BankAssociation’s no-objection, on the basis of an appraisal conducted by the Sub-grants Evaluation Agent in accordance with the guidelines set forth in the Sub-grants Manual, that the proposed Subproject satisfies the eligibility criteria set forth in the Sub-grants Manual. 3. A Subproject shall be carried out pursuant to a Sub-grant Agreement, to be concluded between the Recipient and the respective NSA, under terms and conditions described or referred to in more detail in the Sub-grants Manual and satisfactory to the World BankAssociation, which, inter alia, shall include the following: : (a) the description of the activities to be implemented, including the outputs and performance targets to be achieved, and the arrangements for monitoring and reporting on the implementation of the Subproject; ; (b) the modalities of transfer of funds by the Recipient to the NSA for the financing of the Subproject; ; (c) the obligation of the NSA to: (i) carry out the Subproject with due diligence and efficiency and in accordance with sound technical, engineering, environmental, financial, and managerial practices and in accordance with the provisions of the Anti-Corruption Guidelines applicable to recipients of loan proceeds other than the Recipient; and (ii) maintain adequate records to reflect, in accordance with sound accounting practices, the operations, resources and expenditures relating to the Subproject; the requirement that the goods and consultants’ services to be financed from the proceeds of the Sub-grant shall be procured in accordance with procedures ensuring efficiency and economy and in accordance with the provisions of Section III of this Schedule, and shall be used exclusively in the carrying out of the Subproject; and the right of the Recipient, to: (i) inspect by itself, or jointly with the World Bank, if the World Bank shall so request, the goods and sites included in the Subproject, the operations thereof and any relevant records and documents; (ii) obtain all information as it, or the World Bank, shall reasonably request regarding the administration, operation and financial conditions of Subprojects; and (iii) suspend or terminate the right of any NSA to use the proceeds of the Sub-grant, or obtain a refund of all or any part of the amount of the Sub-grant then withdrawn, upon failure by the NSA to perform any of its obligations under the Sub-grant Agreement. 4. The Recipient shall exercise its rights under the Sub-grant Agreements in such manner as to protect the interests of the Recipient and the World Bank and to accomplish the purposes of the Project, and, except as the World Bank shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive any Sub-grant Agreement or any provision thereof.

Appears in 1 contract

Sources: Financing Agreement