Annual Work Plans and Fisheries Management Plans Sample Clauses

Annual Work Plans and Fisheries Management Plans. 1. The Recipient shall prepare, under terms of reference satisfactory to the World Bank, and furnish to the World Bank, not later than January 15 in each calendar year, for the World Bank’s consideration, a proposed work plan of activities to be included in the Project for the following calendar year, such plan to include an implementation schedule and budget and financing plan therefor. If any activities proposed for inclusion in the Project would, pursuant to the Social and Environmental Safeguard Frameworks, require one or more Supplemental Social and Environmental Safeguard Instruments, the Recipient shall prepare and furnish, together with such proposed work plan, a draft of each such Supplemental Social and Environmental Safeguard Instrument. 2. The Recipient shall afford the World Bank a reasonable opportunity to review and exchange views with the Recipient on such proposed plan and any such instruments, and thereafter, shall implement such work plan and such instruments as shall have been approved by the World Bank, with due diligence. 3. The Recipient shall, not later than two (2) years after the Effective Date, prepare one or more fisheries management plans necessary for Part C.1(v) of the Project in a manner and form satisfactory to the World Bank, setting forth total allowable catch levels for each of the commercially important fish resources targeted by companies investing in the fisheries and the processing infrastructure.
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