MCA-Cape Verde II Sample Clauses

MCA-Cape Verde II. In accordance with Section 3.2(b) of this Compact and the Program Implementation Agreement, MCA-Cape Verde II will act on the Government’s behalf to implement the Program and to exercise and perform the Government’s rights and responsibilities with respect to the oversight, management, monitoring and evaluation, and implementation of the Program, including, without limitation, managing the implementation of Projects and their Activities, allocating resources, and managing procurements. The Government will ensure that MCA-Cape Verde II takes all appropriate actions to implement the Program, including the exercise and performance of the rights and responsibilities designated to it by the Government pursuant to this Compact and the Program Implementation Agreement. Without limiting the foregoing, the Government will also ensure that MCA-Cape Verde II has full decision-making autonomy, including, inter alia, the ability, without consultation with, or the consent or approval of, any other party, to: (i) enter into contracts in its own name; (ii) sue and be sued; (iii) establish Permitted Accounts in a financial institution in the name of MCA-Cape Verde II and hold MCC Funding in such accounts; (iv) expend MCC Funding; (v) engage a fiscal agent who will act on behalf of MCA-Cape Verde II on terms acceptable to MCC; (vi) engage one or more procurement agents who will act on behalf of MCA-Cape Verde II, on terms acceptable to MCC, to manage the acquisition of the goods, works, and services required by MCA-Cape Verde II to implement the Program; and (vii) engage one or more auditors to conduct audits of its accounts. The Government will take the necessary actions to establish, operate, manage and maintain MCA-Cape Verde II, in accordance with the applicable conditions precedent to the disbursement of Compact Implementation Funding set forth in Annex IV to this Compact. The Government will create MCA‐Cape Verde II as a legally established program management unit under the Ministry of Finance. MCA-Cape Verde II will be formed through a cabinet resolution, which resolution will be included in the Program Implementation Agreement. MCA- Cape Verde II will be created in accordance with MCC’s Guidelines for Accountable Entities and Implementation Structures, published on the MCC Website (the “Governance Guidelines”), and will be in form and substance satisfactory to MCC. MCA-Cape Verde II, on behalf of the Government, will administer the MCC Funding. MCA-Cape Verde II wil...
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Related to MCA-Cape Verde II

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