Country Contribution definition
Examples of Country Contribution in a sentence
The overall allocation of the Country Contribution is generally described in Annex II, and a more detailed allocation shall be described in the Program Implementation Agreement, along with additional terms and conditions applicable to the Country Contribution.
The Country Contribution must be made toward meeting the objectives of the Compact and must directly support the Projects and Activities identified in the Compact.
MCC reserves the right to conduct on-site monitoring and verification of the Country Contribution, including, without limitation, by physical inspection of source documents (e.g., timesheets, invoices, valuation reports, and bank statements), site visits and interviews.
The Country Contribution shall be subject to any legal requirements in Mozambique for the budgeting and appropriation of such contribution, including approval of Mozambique’s annual budget by its legislature.
Mozambique shall not use MCC Funding, the Country Contribution, proceeds thereof or any Program Assets to make such payment.
During implementation of the Program, the Country Contribution may be modified with MCC approval as provided in the Country Contributions Policy, provided that the modified contribution continues to advance the Project Objectives.
At MCC’s request, Mozambique shall provide evidence that it has budgeted and appropriated or otherwise ensured that the Country Contribution shall be made available for Program requirements.
Mozambique shall maintain, and shall use its best efforts to ensure that all Covered Providers maintain, accounting books, records, documents, and other evidence relating to the Program adequate to show, to MCC’s satisfaction, the use of all MCC Funding, the Country Contribution, and the implementation and results of the Program (“Compact Records”).
Mozambique shall, on at least an annual basis (or on such other intermittent basis as requested by MCC in writing), conduct, or cause to be conducted, financial audits and review engagements of all disbursements of MCC Funding and the Country Contribution.
MCC shall have the right to arrange for audits of Mozambique’s use of MCC Funding and of the Country Contribution.