the purpose of this Section. The World Bank shall promptly notify the Recipient of such later date. Description of Covenant 5.01. The Grant Agreement shall not become effective until evidence satisfactory to the World Bank has been furnished to the World Bank that the execution and delivery of the Grant Agreement on behalf of the Recipient has been duly authorized or ratified by all necessary governmental and corporate action. 5.02. As part of the evidence to be furnished pursuant to Section 5.01 (a), there shall be furnished to the World Bank an opinion or opinions satisfactory to the World Bank of counsel satisfactory to the World Bank or, if the World Bank so requests, a certificate satisfactory to the World Bank of a competent official of the Recipient, showing the following matter: on behalf of the Recipient, that this Agreement has been duly authorized or ratified by, and executed and delivered on its behalf and is legally binding upon it in accordance with its terms. Name Recurrent Due Date Frequency Institutional Arrangements. Schedule 2. Section I.A.1 yes Ongoing Annual Description of Covenant The Recipient, through MINED, shall maintain at all times during the implementation of the Project, a Project coordinator, with functions and responsibilities acceptable to the World Bank, including, inter alia, the responsibility to coordinate and assist MINED, and and education secretariats, in the MINED’s divisions implementation, administration, monitoring and supervision of the Project. Name Recurrent Due Date Frequency Institutional Arrangements. Schedule 2. Section I.A.2 yes No later than Annual 120 days after the Effectiveness Date Description of Covenant No later than 120 days after the Effectiveness Date, the Recipient, through MINED, shall hire and thereafter maintain, at all times during the implementation of the Project, the following staff: (a) three procurement analysts; (b) a senior financial management specialist; (c) two accountants; and (d) six controllers, all with experience, qualifications and terms of reference acceptable to the World Bank. Name Recurrent Due Date Frequency Institutional Arrangements. Schedule 2. Section I.B.1 yes Ongoing Annual Description of Covenant The Recipient shall carry out the Project, in accordance with the provisions of a manual satisfactory to the World Bank (the Operational Manual). Name Recurrent Due Date Frequency
the purpose of this Section. The World Bank shall promptly notify the Recipient of such later date. Description of Covenant 5.01. The Grant Agreement shall not become effective until evidence satisfactory to the World Bank has been furnished to the World Bank that the execution and delivery of the Grant Agreement on behalf of the Recipient has been duly authorized or ratified by all necessary governmental and corporate action. 5.02. As part of the evidence to be furnished pursuant to Section 5.01 (a), there shall be furnished to the World Bank an opinion or opinions satisfactory to the World Bank of counsel satisfactory to the World Bank or, if the World Bank so requests, a certificate satisfactory to the World Bank of a competent official of the Recipient, showing the following matter: on behalf of the Recipient, that this Agreement has been duly authorized or ratified by, and executed and delivered on its behalf and is legally binding upon it in accordance with its terms. Name Recurrent Due Date Frequency Institutional Arrangements. Schedule 2. Section I.A.1 yes Ongoing Annual Description of Covenant The Recipient, through MINED, shall maintain at all times during the implementation of the Project, a Project coordinator, with functions and responsibilities acceptable to the World Bank, including, inter alia, the responsibility to coordinate and assist MINED, and MINED’s divisions and education secretariats, in the implementation, administration, monitoring and supervision of the Project. Name Recurrent Due Date Frequency Institutional Arrangements. Schedule 2. Section I.A.2 yes No later than 120 days after the Effectiveness Date Annual Description of Covenant No later than 120 days after the Effectiveness Date, the Recipient, through MINED, shall hire and thereafter maintain, at all times during the implementation of the Project, the following staff: (a) three procurement analysts; (b) a senior financial management specialist; (c) two accountants; and (d) six controllers, all with experience, qualifications and terms of reference acceptable to the World Bank. Name Recurrent Due Date Frequency Institutional Arrangements. Schedule 2. Section I.B.1 yes Ongoing Annual Description of Covenant The Recipient shall carry out the Project, in accordance with the provisions of a manual satisfactory to the World Bank (the Operational Manual). Name Recurrent Due Date Frequency
673860PAD0P1330port0Project00Final.docx