Common use of Project Reports Clause in Contracts

Project Reports. The Borrower, through PPS, shall monitor and evaluate the progress of the Project and prepare Project Reports in accordance with the provisions of Section 5.08 of the General Conditions and on the basis of indicators acceptable to the Bank. Each Project Report shall cover the period of one calendar semester, and shall be furnished to the Bank not later than two months after the end of the period covered by such report. Each report shall include progress toward achieving each of the DLIs. Midyear reports shall describe progress toward achieving each of the DLIs, in line with the verification protocols in the Project Operations Manual. End of year reports should include evidence of fulfillment of each of the DLIs as described in the verification protocols in the Project Operations Manual.