Special Conditions Precedent to First Disbursement. In addition to the conditions precedent stipulated in Article 4.01 of the General Conditions, the first disbursement of the Loan shall be subject to the fulfillment, to the satisfaction of the Bank that the Borrower, directly or through the Executing Agency has presented evidence to the Bank that:
(a) The POM has been approved and entered into effect, according to the terms and conditions previously agreed with the Bank; and
(b) A PEU has been created and selected a: Project Coordinator, Procurement Specialist, Financial Specialist, Monitoring and Evaluation Specialist, Lawyer; Information and Communications Technologies Specialist, and Change Management Specialist, in accordance with the terms of reference previously agreed with the Bank.
Special Conditions Precedent to First Disbursement. In addition to the conditions precedent stipulated in Article 4.01 of the General Conditions, the first disbursement of the Loan shall be subject to the fulfillment, to the satisfaction of the Bank, of the following requirements:
(a) approval of the Program Execution Plan, the Operations Manual and the Procurement Plan, in accordance with the terms and conditions previously agreed upon between the Executing Agency and the Bank; and
(b) evidence that the key personnel of the Program Management Unit (PMU), including the Program manager and the procurement and financial officers are appointed, in accordance with the terms of references previously agreed upon between the Executing Agency and the Bank.
Special Conditions Precedent to First Disbursement. In addition to the conditions precedent stipulated in Article 4.01 of the General Conditions, the first disbursement of the Loan shall be subject to the fulfillment, to the satisfaction of the Bank, of the following requirements:
(a) Presentation of evidence that the MoA has selected a Program coordinator, a financial officer and a procurement officer according to the terms and conditions previously agreed with the Bank.
(b) Approval and entry into effect of the POM according to the terms and conditions previously agreed with the Bank.
(c) Presentation of an initial report, including, the Program’s Pluri-annual Execution Plan (PEP), the Procurement Plan, the Financial Plan and the Results Matrix according to the terms and conditions previously agreed with the Bank.
Special Conditions Precedent to First Disbursement. In addition to the conditions precedent stipulated in Article 4.01 of the General Conditions, prior to the first disbursement of the resources of the loan, the Ministry of Labor (ML) shall provide evidence that:
(i) the Program Execution Unit (PEU) has been created within the structure of the ML and that, at least, the Program coordinator, procurement specialist, and fiduciary specialist have been selected, pursuant to the terms of reference satisfactory to the Bank;
(ii) the Program Operating Manual (POM) has been approved in the terms previously agreed with the Bank, including fiduciary management arrangements, the Pluriannual Execution Plan (PEP), financial plan and execution plan; and
(iii) an agreement between the ML and the Ministry of Public Works (MPW), establishing the coordination aspects for the execution of Component 2, has been executed and entered into force.
Special Conditions Precedent to First Disbursement. In addition to the conditions precedent stipulated in Article 4.01 of the General Conditions, the first disbursement of the Loan shall be subject to the fulfillment, to the satisfaction of the Bank, of the following requirements:
(a) Appointment of the Project manager, as well as procurement and financial specialists within the Competitiveness Unit of Suriname (CUS) to work full time in the execution of the Project;
(b) Appointment of the task manager for the “Innovation in Firms in Suriname” pilot project;
(c) Implementation of an accounting software to facilitate financial reporting and budgeting under the Project, according to source of funding and categories of investment (at a minimum);
(d) The entry into force of a Program Operations Manual, including, among others, administrative, procurement, financial management policies, procedures and internal control requirements, with the non-objection of the Bank.
Special Conditions Precedent to First Disbursement. Tho First disbursement shall be subjoct to the fulfillment, to the satisfaction of the Bank, of the following requirements in additiur1 to tho conditions ;xxxxx xxxx stipulated in Article
Special Conditions Precedent to First Disbursement. In addition to the conditions precedent stipulated in Article 4.01 of the General Conditions, the first disbursement of the Financing shall be subject to the fulfillment, to the satisfaction of the Bank, of the following requirements:
(a) Presentation of evidence that the Borrower and WASA have signed an agreement for the transfer of the resources of the Loan and the execution of the Program activities;
(b) Presentation of evidence that WASA has designated a Program Manager (PM) from its staff; and
(c) Presentation of evidence that the Operations Manual (OM) for the Program, with an Environmental and Social Management Plan (ESMP) attached as an annex and with the selection criteria for future interventions, has been approved by the Board of WASA and has entered into effect, according to the terms agreed upon with the Bank.
Special Conditions Precedent to First Disbursement. (a) In addition to the conditions precedent stipulated in Article 4.01 of the General Conditions, the first disbursement of the Loan shall be subject to the fulfillment, to the satisfaction of the Bank, of the following requirements:
(a) The Project Execution Unit (PEU) has been established and its staff has been selected or appointed, including: Program Manager, Financial Specialist and Procurement Specialist, in accordance with the terms of reference agreed with the Bank;
(b) The Project Operation Manual (OM) of the Smart Fund I Program has been updated, including the sub-loans/sub-grant model agreements and guidelines for the fulfillment of obligations under the Program, including the requirements agreed by the Bank and the European Union applicable to the resources of the entire Program; and
(c) The Environmental Social Health and Safety (ESHS) Plan has been completed and approved including a waste management protocol for the Program, that must provide step-by-step procedures for waste removal, storage, transport, shipment, tracking, and monitoring.
Special Conditions Precedent to First Disbursement. In addition to the conditions precedent stipulated in Article 4.01 of the General Conditions, the first disbursement of the Financing shall be subject to the fulfillment, to the satisfaction of the Bank, of the following requirements:
(i) submission of written confirmation by the office of the Auditor General indicating its agreement to conduct the annual and final audits of the Program under Section 5.03 of these Special Conditions;
(ii) submission of evidence of the creation of the Program Monitoring and Coordinating Unit (PMCU) described in Section IV of the Annex;
(iii) submission of evidence of the official appointment by the MHE of the Program Coordinator, the Financial Administrator and the Procurement Specialist in the PMCU, with prior no objection of the Bank;
(iv) submission of the environmental and social frameworks for the Program approved by the MHE, with prior no objection of the Bank, according to which the Program shall be executed;
(v) submission of evidence that the MHE has adequate capacity for environmental and social management, and to monitor the implementation of the environmental safeguards of the Program, especially those related to relocation under Sub-component 1.4 described in the Annex; and
(vi) submission of evidence of the signature and entry into force of a letter of agreement between MHE and LSA for the execution of the Program, according to the terms previously agreed with the Bank.
Special Conditions Precedent to First Disbursement. In addition to the conditions precedent stipulated in Article 4.01 of the General Conditions, prior to the first disbursement of the resources of the Loan, the Ministry of Finance (MoF) shall provide evidence of:
(a) The entry into force of the Program Operation Manual (POM) according to the terms and conditions previously agreed with the Bank; and
(b) The establishment of a Project Execution Unit (PEU) within MoF and of the recruitment or assignment of a coordinator, an electrical engineer, a financial specialist with experience in contract management, and a monitoring assistant.
