Procurement Audits. The Recipient shall have all procurement activities undertaken by it under the Project audited annually by auditors under terms of reference and with qualifications and experience satisfactory to the Association. Each such audit shall cover the period of one Fiscal Year and shall be furnished to the Association not later than 6 months after the end of such Fiscal Year.
Procurement Audits. 1. The Recipient shall, not later than six months after the Effective Date, put in place arrangements, satisfactory to the Association, including the appointment of independent procurement auditors in accordance with the provisions of Section III of Schedule 2 to this Agreement, with qualifications, experience and terms of reference acceptable to the Association, for reviewing the procurement of goods, works and consultants’ services financed under the Project, including the reviewing of procurement procedures and processes.
Procurement Audits. The Recipient shall, not later than six months after the end of each Fiscal Year, or such later date as the Association may agree, furnish to the Association an audit report on the procurement of goods, works and consultants’ services carried out under the Project, prepared by the independent procurement auditors referred to in Part A.2 of this Section. SCHEDULE 3 Repayment Schedule Date Payment Due Principal Amount of the Credit repayable (expressed as a percentage)* On each May 15 and November 15 Commencing November 15, 2016 to and including May 15, 2026 1% Commencing November 15, 2026 to and including May 15, 2046 2% *The percentages represent the percentage of the principal amount of the Credit to be repaid, except as the Association may otherwise specify pursuant to Section 3.03 (b) of the General Conditions.
Procurement Audits. 1. The Recipient shall, not later than six months after the Effective Date, put in place arrangements, satisfactory to the World Bank, including the appointment of independent procurement auditors in accordance with Section III of Schedule 2 to this Agreement, with qualifications, experience and terms of reference acceptable to the World Bank, for reviewing the procurement of goods, works and consultants’ services financed under the Project, including the reviewing of procurement procedures and processes.
Procurement Audits. The Project Implementing Entity shall, not later than six months after the end of each Fiscal Year, or such later date as the Association may agree, furnish to the Association an audit report on the procurement of goods, works and consultants’ services carried out under the Project, prepared by the independent procurement auditors referred to in Part
Procurement Audits. MoEVT (Zanzibar) shall, not later than six months after the end of each Fiscal Year, or such later date as the Association may agree, furnish to the Association an audit report in form and substance acceptable to the Association, on the procurement of goods, works and consultants’ services carried out under the Project, prepared by the independent procurement auditors referred to in Part A.2 of this Section.
Procurement Audits. (a) The Recipient shall cause the Project’s external auditors to perform an audit, under terms of reference satisfactory to the Association, of the procurement for all goods, works, consultants’ services, Operating Costs, Training, grants, loans and scholarships, required for the Project. Each such audit of the Project’s procurement shall cover the period of two (2) calendar years.
Procurement Audits. In order to ensure the proper carrying out of procurement of goods, works and services financed out of the proceeds of the Financing the Recipient shall carry out, under terms of reference satisfactory to the Association, annual audits on such procurement. Each such audit: (a) shall cover the period of one Fiscal Year, commencing with the Fiscal Year in which the first withdrawal under Financing was made and shall be furnished to the Association not later than six (6) months after the end of such period; (b) shall cover all procurement activities during such period, including Operating Costs incurred; and (c) include measures designed to ensure continued compliance with the requirements of this Agreement.
Procurement Audits. The Recipient shall, not later than six months after the end of each Fiscal Year, or such later date as the Association may agree, furnish to the Association an audit report on the procurement of goods, works and consultants’ services carried out under the Project, prepared by the independent procurement auditors referred to in Part A.2 of this Section.
Procurement Audits. (a) The Recipient shall cause the Project’s external auditors referred to in paragraph 9 of Section I of Schedule 2 to this Agreement to perform an audit, under terms of reference satisfactory to the Association, of the procurement for all goods, works, consultants’ services, Operating Costs and Performance Payments required for the Project. Each such audit of the Project’s procurement shall cover the period of two (2) calendar years, commencing with the calendar year in which the first withdrawal under the Project Preparation Advance was made.
