From 59575ae147ec0cd11141c933fb8e766a2faea4f4 Mon Sep 17 00:00:00 2001 From: Coornhert Date: Thu, 16 Feb 2006 12:00:00 +0000 Subject: [PATCH] 2006-02-16 | BWBV0003787 | Overeenkomst tot instelling van het Internationaal Fonds voor Agrarische Ontwikkeling --- .../BWBV0003787/README.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/verdrag/overeenkomst-tot-instelling-van-het-internationaal-fonds-voor-agrarische-ontwikk/BWBV0003787/README.md b/verdrag/overeenkomst-tot-instelling-van-het-internationaal-fonds-voor-agrarische-ontwikk/BWBV0003787/README.md index b9894dd5098..a3067123167 100644 --- a/verdrag/overeenkomst-tot-instelling-van-het-internationaal-fonds-voor-agrarische-ontwikk/BWBV0003787/README.md +++ b/verdrag/overeenkomst-tot-instelling-van-het-internationaal-fonds-voor-agrarische-ontwikk/BWBV0003787/README.md @@ -163,7 +163,7 @@ Within the framework of the above-mentioned priorities, eligibility for assistan (d) Decisions with regard to the selection and approval of projects and programmes shall be made by the Executive Board. Such decisions shall be made on the basis of the broad policies, criteria and regulations established by the Governing Council. (e) For the appraisal of projects and programmes presented to it for financing, the Fund shall, as a general rule, use the services of international institutions and may, where appropriate, use the services of other competent agencies specialized in this field. Such institutions and agencies shall be selected by the Executive Board after consultation with the recipient concerned and shall be directly responsible to the Fund in performing the appraisal. (f) The loan agreement shall be concluded in each case by the Fund and the recipient, which shall be responsible for the execution of the project or programme concerned. -(g) The Fund shall entrust the administration of loans, for the purposes of the disbursement of the proceeds of the loan and the supervision of the implementation of the project or programme concerned, to competent international institutions. Such institutions shall be of a world-wide or regional character and shall be selected in each case with the approval of the recipient. Before submitting the loan to the Executive Board for approval, the Fund shall assure itself that the institution to be entrusted with the supervision agrees with the results of the appraisal of the project or programme concerned. This shall be arranged between the Fund and the institution or agency in charge of the appraisal as well as with the institution to be entrusted with the supervision. +(g) Except as the Executive Board shall otherwise decide, the Fund shall entrust the administration of loans, for the purposes of the disbursement of the proceeds of the loan and the supervision of the implementation of the project or programme concerned, to competent national, regional, international or other institutions or entities. Such institutions or entities shall be of a world-wide, regional or national character and shall be selected in each case with the approval of the recipient. Before submitting the loan to the Executive Board for approval, the Fund shall assure itself that the institution or entities to be entrusted with the supervision agrees with the results of the appraisal of the project or programme concerned. This shall be arranged between the Fund and the institution or agency in charge of the appraisal as well as with the institution or entities to be entrusted with the supervision. (h) For the purposes of subsections (f) and (g) above, references to “loans” shall be deemed to include “grants”. (i) The Fund may extend a line of credit to a national development agency to provide and administer subloans for the financing of projects and programmes within the terms of the loan agreement and the frames work agreed to by the Fund. Before the Executive Board approves the extension of such a line of credit, the national development agency concerned and its programme shall be appraised in accordance with the provisions of subsection (e). Implementation of the said programme shall be subject to supervision by the institutions selected in accordance with the provisions of subsection (g). (j) The Executive Board shall adopt suitable regulations for procuring goods and services to be financed from the resources of the Fund. Such regulations shall, as a general rule, conform to the principles of international competitive bidding and shall give appropriate preference to experts, technicians and supplies from developing countries.