Supervision of the Financial Management of the Program. (a) For purposes of Article 7.03 of the General Conditions, as of the date of signature of this Contract, the following external audit financial reports and other reports have been identified as necessary to supervise the financial management of the Program:
Supervision of the Financial Management of the Program. (a) For purposes of Article 6.03 of the General Conditions, as of the date of signature of this Contract, the following external audit financial reports and other reports have been identified as necessary to supervise the financial management of the Program: (i) mid-term unaudited financial reports as of June 30 of each year of the Program execution within forty-five (45) days after the end of each semester (these reports will be part of the semiannual progress reports referred to in Section 5.01(c) above); (ii) annual audited financial statements of the Program, to be submitted by the Borrower, through the Executing Agency, to the Bank within one hundred and twenty (120) days at the end of each fiscal year, beginning with the fiscal year in which the first Program expenditures are incurred; and (iii) a final financial audit report of the Program to be submitted by the Borrower, through the Executing Agency to the Bank within one hundred and twenty (120) days after the date of the last disbursement.
Supervision of the Financial Management of the Program. (a) For purposes of Article 5.03 of the General Conditions, the Beneficiary agrees to prepare and submit to the Bank, during Program execution:
