Common use of Annual Work Plans and Budgets Clause in Contracts

Annual Work Plans and Budgets. 1. Except for the Borrower’s Fiscal Year during which the Loan Agreement shall become effective, the Project Implementing Entity shall: (a) prepare and furnish to the Bank by not later than March 31 of each year, a draft Annual Work Plan and Budget for its Respective Parts of the Project for review and comment, summarizing the implementation progress of its Respective Parts of the Project for the said Fiscal Year and the activities under its Respective Parts of the Project to be undertaken in the following Fiscal Year (together with documentary evidence that the environment and social management obligations related to such upcoming Project activities shall be fully complied with in a timely fashion in accordance with the ESCP), including the proposed annual budget and sources of financing for its Respective Parts of the Project (Loan, counterpart financing, and any other source of financing which may become available for its Respective Parts of the Project); (b) taking into account the Bank’s comments, finalize and furnish to the Bank no later than April 30 in each year, the Annual Work Plan and Budget, acceptable to the Bank; and (c) thereafter ensure the implementation of its Respective Parts of the Project during the following Fiscal Year in accordance with the Annual Work Plan and Budget agreed with the Bank and in a manner acceptable to the Bank. Any amendment, suspension, abrogation or waiver to an Annual Work Plan and Budget needed during the Fiscal Year covered by such plan shall be subject to a prior written no-objection of the Bank. 2. For the Borrower’s Fiscal Year during which the Loan Agreement shall become effective, the date referred to in Section I.C.1(a) of this Schedule shall be one (1) month after the Effective Date and the date referred to in Section I.C.1(b) of this Schedule shall be two (2) months after the Effective Date. 3. In the event that any provision of any Annual Work Plan and Budget shall conflict with any provision under the Loan Agreement or this Agreement, the provisions of the Loan Agreement and this Agreement shall prevail, in that order of priority.

Annual Work Plans and Budgets. 1. (a) Except for the Borrower’s Fiscal Year fiscal year during which the Loan this Agreement shall become effective, each year, the Project Implementing Entity Borrower shall: (ai) prepare and furnish to the World Bank by not later than March 31 of October 1 in each year, beginning in 2021, a draft Annual Work Plan and Budget for its Respective Parts of the Project for review and comment, summarizing the implementation progress of its Respective Parts of the Project for the said Fiscal Year year and the Project activities under its Respective Parts of the Project to be undertaken in the following Fiscal Year fiscal year (including subprojects and risk mitigation tools, together with documentary evidence that the environment environmental and social management obligations related to such upcoming Project activities shall be fully complied with in a timely fashion in accordance with the ESCPBorrower’s environmental and social obligations with respect to the Project), including as well as the proposed annual budget and sources of financing for its Respective Parts of the Project (Loan, counterpart financingfinancing if any, and any other source of financing which are or may become available for its Respective Parts of the Project); (bii) taking into account the World Bank’s comments, finalize and furnish to the World Bank no later than April 30 December 1 in each year, beginning in 2021, the Annual Work Plan and Budget, acceptable to the World Bank; and (ciii) thereafter ensure the implementation of its Respective Parts of that the Project is implemented during the following Fiscal Year fiscal year in accordance with the Annual Work Plan and Budget agreed with the World Bank and in a manner acceptable to the Bank. Any amendment, suspension, abrogation or waiver to an World Bank (and update such Annual Work Plan Plans and Budget needed during Budgets on a quarterly basis). The Borrower shall not amend, suspend, abrogate, or waive said Annual Work Plans and Budgets or any provision thereof without the Fiscal Year covered by such plan shall be subject to a prior written no-objection agreement of the World Bank. 2. (b) For the Borrower’s Fiscal Year fiscal year during which the Loan this Agreement shall become effective, the date referred to in Section I.C.1(aII.A2(a)(i) of this Schedule shall be one (1) month after the Effective Date and the date referred to in Section I.C.1(bII.A.2(a)(ii) of this Schedule shall be two (2) months after the Effective Date. 3. In the event that any provision of any Such Annual Work Plan and Budget shall conflict with not include any provision under reporting related to activities implemented during the Loan Agreement or this Agreement, the provisions of the Loan Agreement and this Agreement shall prevail, in that order of priorityfiscal year during which it is prepared.

Annual Work Plans and Budgets. 1. Except for the Borrower’s Fiscal Year during which the Loan this Agreement shall become effective, the Project Implementing Entity Borrower, through MoE, shall: (a) prepare and furnish to the Bank by not later than March 31 of each year, a draft Annual Work Plan and Budget for its the MoE’s Respective Parts of the Project for review and comment, summarizing the implementation progress of its the MoE’s Respective Parts of the Project for the said Fiscal Year and the activities under its the MoE’s Respective Parts of the Project to be undertaken in the following Fiscal Year (together with documentary evidence that the environment and social management obligations related to such upcoming Project activities shall be fully complied with in a timely fashion in accordance with the ESCP), including the proposed annual budget and sources of financing for its the MoE’s Respective Parts of the Project (Loan, counterpart financing, and any other source of financing which may become available for its the MoE’s Respective Parts of the Project); (b) taking into account the Bank’s comments, finalize and furnish to the Bank no later than April 30 in each year, the Annual Work Plan and Budget, acceptable to the Bank; and (c) thereafter ensure the implementation of its the MoE’s Respective Parts of the Project during the following Fiscal Year in accordance with the Annual Work Plan and Budget agreed with the Bank and in a manner acceptable to the Bank. Any amendment, suspension, abrogation or waiver to an Annual Work Plan and Budget needed during the Fiscal Year covered by such plan shall be subject to a prior written no-objection of the Bank. 2. For the Borrower’s Fiscal Year during which the Loan this Agreement shall become effective, the date referred to in Section I.C.1(aI.D.1(a) of this Schedule above shall be one (1) month after the Effective Date and the date referred to in Section I.C.1(bI.D.1(b) of this Schedule above shall be two (2) months after the Effective Date. 3. In the event that any provision of any Annual Work Plan and Budget shall conflict with any provision under the Loan Agreement or this Agreement, the provisions of the Loan Agreement and this Agreement shall prevail, in that order of priority.