Cooperating in Latin America beyond the ALA Mandate Sample Clauses

Cooperating in Latin America beyond the ALA Mandate. In the case of certain large scale, emblematic projects of mutual interest in Latin America, the EIB could also lend outside of the financial envelope of the ALA Mandate. Under such structure, the political risks borne by the commercial guarantors of the EIB loans would no longer be covered by the EU budget. Those risks would therefore have to be externalized. Given the IDB’s capacity to use different instruments to promote private sector investment in its borrowing member countries (such as loans and guarantees), the IDB and the EIB will 2 It should be noted that the EIB has already signed a loan, intermediated through CABEI, in support of the SIEPAC power interconnection system in Central America. jointly explore the possibilities for maximizing their respective catalytic capacities to attract private investment to the region.
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Related to Cooperating in Latin America beyond the ALA Mandate

  • Joint Funded Project with the Ohio Department of Transportation In the event that the Recipient does not have contracting authority over project engineering, construction, or right-of-way, the Recipient and the OPWC hereby assign certain responsibilities to the Ohio Department of Transportation, an authorized representative of the State of Ohio. Notwithstanding Sections 4, 6(a), 6(b), 6(c), and 7 of the Project Agreement, Recipient hereby acknowledges that upon notification by the Ohio Department of Transportation, all payments for eligible project costs will be disbursed by the Grantor directly to the Ohio Department of Transportation. A Memorandum of Funds issued by the Ohio Department of Transportation shall be used to certify the estimated project costs. Upon receipt of a Memorandum of Funds from the Ohio Department of Transportation, the OPWC shall transfer funds directly to the Ohio Department of Transportation via an Intra- State Transfer Voucher. The amount or amounts transferred shall be determined by applying the Participation Percentages defined in Appendix D to those eligible project costs within the Memorandum of Funds. In the event that the Project Scope is for right-of-way only, notwithstanding Appendix D, the OPWC shall pay for 100% of the right-of-way costs not to exceed the total financial assistance provided in Appendix C.

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  • Agricultural cooperation The aims of the cooperation on agriculture will be: (a) to promote sustainable rural development through the exchange of experience, generation of partnership and execution of projects in areas of mutual interest such as: agricultural innovation and technology transfer for the development of small farming, the conservation and management of the water resource for agricultural use, the application of good agricultural and agro industrial practices, including gender approach in development policies and strategies, among others; (b) to promote the exchange of relevant information for agricultural exports between the 2 markets; and (c) to develop a training program addressed to leader producers, technicians and professionals for the application of new technologies in order to increase and improve agriculture and animal husbandry productivity and competitiveness, in particular of value added products.

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