Common use of Financial Management, Financial Reports and Audits Clause in Contracts

Financial Management, Financial Reports and Audits. 1. The Recipient shall cause the Project Implementing Entity to maintain a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association not later than forty five days after the end of each calendar quarter, interim un- audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Project Implementing Entity. The audited Financial Statements for each such period shall be furnished to the Association not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall, or shall cause the Project Implementing Entity State (through RWSSD) to prepare and furnish to the Association not later than forty forty-five (45) days after the end of each calendar quarter, interim un- audited financial reports Interim Unaudited Financial Reports (IUFRs) for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause have the Project Implementing Entity to have its Project’s Financial Statements audited in accordance with the provisions of Section 4.09 (b4.09(b) of the General Conditions. Each audit of the Project Financial Statements shall cover the period of one fiscal financial year of the Project Implementing EntityRecipient, commencing with the fiscal year in which the first withdrawal was made. The audited Project Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association as part of the Project Report not later than forty five 45 days after the end of each calendar quartersemester, consolidated interim un- audited unaudited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements Statements, and shall cause CEB, SBEE, and ABERME to have their Financial Statements, audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of a Fiscal Year, commencing with the Project Implementing EntityFiscal Year in which the first withdrawal was made under the Credit. The audited Financial Statements for each such period shall be furnished to the Association not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain and cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the The Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association not later than forty forty-five (45) days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Additional Activities under the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements, and cause the Project Implementing Entity to have its Financial Statements Statements, audited in accordance with the provisions of Section 4.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Recipient and the Project Implementing Entity, commencing with the fiscal year in which the first withdrawal was made. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish furnish, or shall cause to be prepared and furnished, to the Association not later than forty five (45) days after the end of each calendar quarter, interim un- un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Project Implementing EntityRecipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall cause the Project Implementing Entity to maintain a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association not later than forty forty-five (45) days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Project Implementing EntityRecipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall, or shall cause the Project Implementing Entity to to, prepare and furnish to the Association as part of the Project Report not later than forty five days three (3) months after the end of each calendar quarter, interim un- un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Recipient, commencing with the fiscal year in which the first withdrawal under the Project Implementing Entitywas made. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall cause the Project Implementing Entity to maintain a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall cause the Project Implementing Entity to prepare and furnish to the Association Bank as part of the Project Report not later than forty five days two (2) months after the end of each calendar quartersemester, interim un- un-audited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Project Implementing EntityBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association not later than forty forty-five (45) days after the end of each calendar quarter, commencing with the quarter in which the first withdrawal is made, interim un- audited unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Recipient, commencing with the fiscal year in which the first withdrawal under the Project Implementing EntityPreparation Advance was made. The audited Financial Statements for each such period shall be furnished to the Association not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall cause the Project Implementing Entity to maintain a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association not later than forty five days after the end of each calendar quarter, interim un- un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Project Implementing Entity. The audited Financial Statements for each such period shall be furnished to the Association not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall, or shall cause the Project Implementing Entity State to prepare and furnish to the Association not later than forty forty-five (45) days after the end of each calendar quarter, interim un- audited financial reports Interim Financial Reports (IFRs) for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause have the Project Implementing Entity to have its Project’s Financial Statements audited in accordance with the provisions of Section 4.09 (b4.09(b) of the General Conditions. Each audit of the Project’s Financial Statements shall cover the period of one fiscal (1) financial year of the Project Implementing EntityRecipient, commencing with the fiscal year in which the first withdrawal was made. The audited Project’s Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 4.09(a) of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall or shall cause the Project Implementing Entity to prepare and furnish to the Association not later than forty five (45) days after the end of each calendar quarter, interim un- audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall or shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Project Implementing EntityRecipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare prepare, and furnish to the Association as part of the Project Report not later than forty forty-five (45) days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited audited, as provided in accordance with the provisions paragraph 3 of Section 4.09 (b) II.B of the General ConditionsSchedule to the Project Agreement. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Project Implementing Entity. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall cause the Project Implementing Entity to maintain a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association not later than forty five days after the end of each calendar quarter, interim un- audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Project Implementing Entity, commencing with the fiscal year in which the first withdrawal under the Project Preparation Advance was made. The audited Financial Statements for each such period shall be furnished to the Association not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall cause the Project Implementing Entity to maintain a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the The Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association as part of the Project Report, not later than forty five (45) days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of Fiscal Year, commencing with the Project Implementing EntityFiscal Year in which the first withdrawal was made under the Project. The audited Financial Statements for each such period shall be furnished to the Association not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall cause the Project Implementing Entity to maintain a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association as part of the Project Report not later than forty forty-five (45) days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Project Implementing EntityRecipient, commencing with the fiscal year in which the first withdrawal was made. The audited Financial Statements for each such period shall be furnished by the Project Implementing Entity to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall and cause the Project Implementing Entity to maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall and cause the Project Implementing Entity to prepare and furnish to the Association not later than forty forty-five (45) days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall and cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year (1) Fiscal Year of the Project Implementing EntityRecipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association Association, not later than forty five 45 days after the end of each calendar quarter, interim un- un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Project Implementing Entity. The audited Financial Statements for each such period shall be furnished to the Association not later than six months (6) after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall, and shall cause the Project Implementing Entity to, maintain or cause to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association not later than forty forty-five (45) days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall, and shall cause the Project Implementing Entity Entity, to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Project Implementing EntityRecipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the The Recipient shall cause MAI, NWRA, GARWSP and the Project Implementing Entity PMU to prepare and furnish to the Association not later than forty five (45) days after the end of each calendar quarter, interim un- audited unaudited financial reports for their respective Part of the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause MAI, NWRA, GARWSP and the Project Implementing Entity PMU to have its their respective Financial Statements audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Project Implementing EntityRecipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall cause the Project Implementing Entity to maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the The Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association as part of the Project Report not later than forty five days one month after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Project Implementing EntityRecipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association not later than forty forty-five (45) days after the end of each calendar quartersemester, interim un- audited unaudited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Project Implementing Entity. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall or shall cause the Project Implementing Entity to maintain a financial management system in accordance with the provisions of Section 4.09 5.09(a) of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall or shall cause the Project Implementing Entity to prepare and furnish to the Association not later than forty five days after Bank as part of the end of each calendar quarterProject Report, interim un- un-audited financial reports for the Project covering the previous calendar quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Project Implementing EntityBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall, or shall cause the Project Implementing Entity State to prepare and furnish to the Association not later than forty forty-five (45) days after the end of each calendar quartersemester, interim un- audited financial reports Interim Unaudited Financial Reports (IUFRs) for the Project covering the quartersemester, in form and substance satisfactory to the Association. 3. The Recipient shall cause have the Project Implementing Entity to have its Project’s Financial Statements audited in accordance with the provisions of Section 4.09 (b4.09(b) of the General Conditions. Each audit of the Project Financial Statements shall cover the period of one fiscal (1) financial year of the Project Implementing EntityRecipient, commencing with the fiscal year in which the first withdrawal was made. The audited Project Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association as part of the Project Reports, not later than forty forty-five (45) days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the quartercurrent quarter and cumulative, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Project Implementing EntityRecipient, commencing with the fiscal year in which the first withdrawal was made under the Preparation Advance for the Project. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association as part of the Project Report not later than forty forty-five (45) days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements of the Project audited in accordance with the provisions of Section 4.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements of the Project shall cover the period of one (1) fiscal year of the Project Implementing EntityRecipient and include inter alia a special examination of the internal controls and compliance with the agreed-upon procurement procedures. The audited Financial Statements of the Project for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare be prepared and furnish furnished to the Association as part of the Project Report not later than forty forty-five (45) days after the end of each calendar quarterFiscal Year trimester, interim un- un-audited financial reports for the Project covering the quarterFiscal Year trimester, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year Fiscal Year of the Project Implementing EntityRecipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall prepare, and furnish, and/or cause the Project Implementing Entity Entities to prepare and furnish furnish, to the Association Bank not later than forty forty-five (45) days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall have its Financial Statements, and cause the Project Implementing Entity Entities to have its their respective Financial Statements Statements, audited in accordance with the provisions of Section 4.09 (b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Project Implementing EntityBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain, and cause the Project Implementing Entity to maintain maintain, a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association not Association, no later than forty five 45 days after the end of each quarter of the calendar quarteryear, interim un- un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause have its Financial Statements audited, and ensure that the Project Implementing Entity to have has its Financial Statements audited audited, in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Recipient, commencing with the fiscal year in which the first withdrawal under the Project Implementing EntityPreparation Advance was made. The audited Financial Statements for each such period shall be furnished to the Association not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall, or shall cause the Project Implementing Entity to to, prepare and furnish to the Association as part of the Project Report not later than forty five sixty (60) days after the end of each calendar quarter, interim un- un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Recipient, commencing with the fiscal year in which the first withdrawal under the Project Implementing Entitywas made. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall cause the Project Implementing Entity to maintain a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall cause the Project Implementing Entity to prepare and furnish to the Association Bank not later than forty five (45) days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Project Implementing EntityBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association as part of the Project Report not later than forty forty-five (45) days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements of the Project audited in accordance with the provisions of Section 4.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements of the Project shall cover the period of one (1) fiscal year of the Project Implementing EntityRecipient and include inter alia a special examination of the internal controls and compliance with the agreed-upon procurement procedures. The audited Financial Statements of the Project for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association as part of the Project Report not later than forty forty-five (45) days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the such quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient, commencing with the fiscal year in which the first withdrawal under the Project Implementing Entitywas made. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall maintain, or cause the Project Implementing Entity to maintain be maintained, a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall cause the Project Implementing Entity (Shandong) to prepare and furnish to the Association Bank as part of the Project Reports by not later than forty five days March 15 and September 15 in each year after the end of each calendar quartersemester, interim un- un-audited financial reports for the Project covering the quartercalendar semester, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall cause the Project Implementing Entity (Shandong) to have its the Financial Statements audited in accordance with the provisions of Section 4.09 (b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Project Implementing EntityBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall cause the Project Implementing Entity each Participating State to maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity each Participating State to prepare and furnish to the Association as part of the Project Report not later than forty five 45 days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity each Participating State to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Recipient, commencing with the fiscal year in which the first withdrawal under the Project Implementing EntityPreparation Advance was made. The audited Financial Statements for each such period shall be furnished to the Association not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall cause the Project Implementing Entity to maintain a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall cause the Project Implementing Entity to prepare and furnish to the Association Bank, as part of the Project Report, not later than forty five (45) days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year Fiscal Year of the Project Implementing Entity. The Borrower shall cause the audited Financial Statements for each such period shall be to be: (a) furnished to the Association Bank not later than six months after the end of such period; and (b) made publicly available in a timely fashion and in a manner acceptable to the Bank.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association not later than forty forty-five (45) days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall and shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Project Implementing EntityRecipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain and cause the Project Implementing Entity INIAF to maintain a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the The Recipient shall cause the Project Implementing Entity INIAF to prepare and furnish to the Association not later than forty five days one month after the end of each calendar quartersemester, as part of the Project Reports, interim un- audited unaudited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity INIAF to have its financial statements, including therein the Financial Statements for the Project, audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the INIAF’s Financial Statements shall cover the period of one fiscal year of INIAF and/or any other period agreed with the Project Implementing EntityAssociation. The Recipient shall cause INIAF to ensure that the audited Financial Statements for each such period shall shall: (a) be furnished to the Recipient and the Association not later than six months after the end of such period; and (b) made publicly available in a timely fashion and in manner acceptable to the Association.

Financial Management, Financial Reports and Audits. 1. The Recipient shall cause the Project Implementing Entity to maintain a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity to prepare and furnish to the Association not later than forty five days after as part of the end of each calendar quarterProject Report, interim un- audited unaudited financial reports for the Project covering the quarterthree months, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Recipient, commencing with the fiscal year in which the first withdrawal under the Project Implementing EntityPreparation Advance was made. The audited Financial Statements for each such period shall be furnished to the Association not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient Borrower shall cause the Project Implementing Entity to maintain a financial management system in accordance with the provisions of Section 4.09 5.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient Borrower shall cause the Project Implementing Entity to prepare and furnish to the Association Bank as part of the Project Report not later than forty five days one and a half months after the end of each calendar quartersemester, interim un- un-audited financial reports for the Project covering the quartersemester, in form and substance satisfactory to the AssociationBank. 3. The Recipient Borrower shall cause the Project Implementing Entity to have its Financial Statements audited in accordance with the provisions of Section 4.09 (b5.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Project Implementing EntityBorrower. The audited Financial Statements for each such period shall be furnished to the Association Bank not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall maintain or cause the Project Implementing Entity to maintain be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the The Recipient shall prepare and furnish to the Association, or cause the Project Implementing Entity Entities to prepare and furnish to the Association Association, not later than forty forty-five (45) days after the end of each calendar quarter, interim un- un-audited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Financial Statements, including the Financial Statements of the Project Implementing Entity Entities, to have its Financial Statements be audited in accordance with the provisions of Section 4.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Project Implementing EntityEntities. The audited Financial Statements for each such period shall be furnished to the Association not later than six months after the end of such period.

Financial Management, Financial Reports and Audits. 1. The Recipient shall cause the Project Implementing Entity PIE to maintain a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall cause the Project Implementing Entity PIE to prepare and furnish to the Association not later than forty five days after the end of each calendar quarter, interim un- audited unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall cause the Project Implementing Entity PIE to have its the Financial Statements audited in accordance with the provisions of Section 4.09 (b4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Recipient, commencing with the fiscal year in which the first withdrawal under the Project Implementing EntityPreparation Advance was made. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.