Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698843866529.pdf (Sierra Leone)
Cr ?--\ \ -' LlAt'ItENl LlBI(li{ t'l \li iR ill Ilr ' cc IO$IN .PAR 10 CREDTT NI]MBER 535O.SL Financing Agreement (Public Financial Management Improvemelt and Consolidation PrOject) betweetr REPUBLIC OT SIERRA LEONE and INTERNATIONAL DEVEI,OPMENT ASSOCIATION ?

.t t ,**J*l J r+ ,2014 I /tlAtlE NT LI ..,'r*rFR Hll'[ rREtt' -.lir-'itt"-"' CREDIT NUMBER 535O.SL EINANCING AGREEMENT AGREEMENT dated betweon REPUBLIC OF SIERRA EEVELOPMENT ASSOCIATION ("Association").
OLr' t+ Recipient") and 2014, entered into INTERNATIONAL (A) WHEREAS, ths Afrioan Development Bank ('AfDB") intends to enter into a Co'financing Agreemeht with the Recipient in order to make available to the Recipient {n amount equivalent to t}iroe million {ive hundred t}ousand Doltars (93,500,000) to assist in the fiturncing ofthe Project (as.
defined herein below); and (B) WHEREAS, the Associatibn, acting as an adminishator of grant firnds to be provided by the European Union and the United Kingdom of Great Britain acting through the Department of lntemational Developmen!

intends to enter into an agreement with tle Recipiort in order to make available to the Recipient a gtant amount, in ssveral tranohes, of up to thirteen million Dollars equivalent ($13,000,000 equivalent), to assist in financing the Projeot (as definod herein below).
NOW, TIIEREFORE, tho Rccipient and the Association bereby agree as follows: ARTICLE I - GENERAL CONDffiONS; DEFINTIONS I .01 The General Conditlons (as defined in th6 Appendix to this Agreemert) constitrrto an integral part of thls Agreemcnt.

i,02.

Unless tho context requircs otherwise, lhe capitalized terms used in this Agrcement have the meanings ascribsd to them in the General Conditions or in the Appendix to this Agreemont.

ARTICLE II _ FINA]IICING 2.01.


The Assoclation agrees to extend to the Recipient, on the terms afld conditions set forth or referred to in thls Agreement, a'srodit-in an amount equivslent to scvon million nine hundred thousand Special Drawing Riehts (SDR 7,900,000) (variously, "Credit" and "Financin{'), to assist in financing the project described in Schedule I to this Agreement ("Projecf).

2,02.
2,02.

The Recipient may withdraw the proceeds of the Financing in accordance with Sectlon IV of Schedule 2 to this Agreement.

/t *2.03 The Maximum Commitnent Charge Rate peyablo by t}e Reripient on the Unwithdrawn Financing Balanoo shall be ono-half of one percent (Il2 of l%) por anllum.

2.04.

The Sereioe Charge payablo by the Recipient on the Witldrawn Credit Balance shall be equal to three-fourths of one percent (3/4 of l%) per annum.

2.05.
2.05.

The Payment Dates are March I 5 and September I 5 in eagh year.

2.06.

The principal amount of the Credit sbdl bo repaid in accordanae witfi the rep&yrnent schedule set forth in Sohodule 3 to tliis Agreement.

2.07.

The Pa)rment Currency is Dollar.

ARTICLE III-PROJECT 3.01.

The Recipient declaros its commiftiont to the objectivo of the Project and Program.
To this end, the Reoipiont shall c4rry out tho Projeot tkough the Ministry of Finance and Economic Deyelopmsnt (MoFED"), in accordance with tte provisions of Article [V dfthe Gensral Conditions.

3.02.

Without limitation upon the provisions of S€clion 3,01 of this Agreerneng and exc€pt as fte Reoipient and the Association shall otherwiso agree, the Recipient shall ensure tlnt the Project is carried out in acoordano€ with tho pmvisions of Schedule 2 to this Agreement.
ARTICLE TV - REMEDIES OF TIIE ASSOCIATION 4.0 I .
The Additiooal Evonts'of Suspension consist of &o following: G) as a result of ev€nts wtrich have occurred after the date of this Agreemeng a sltuation.has arisen whic,h slull make it improbable that tho Program, or a significant part of if will,bo c&rried out; (b) (c) the Co-frnancing AggnqeUt&9'!1yg$ !h9 Recipient and tho ADB has failed to become effecdve by six (6) months after dre Effective Date; and the AfDB has oxercis€d any romedies under the Co-financlng Agre€ment, or agreed with the Recipient on any actio4s, that could materially and advorsely affect the ability oftho Recipient to: (i) perform its obligations under this Agreemont; and/or (ii) successfully carry out the kojoct.
-)- 5.01.
ARTICLE V - EruECTMNESS; ITRMINAIION The Additional Conditions ofEfectiveness cotrsist ofthe following: (o) The Gra Agteement has been oxecuted and delivered and all conditions precedent to its effectlveness or to the right of the Recipient to make withdrawals under said Agre€ment (otfier than the effectiveness of this Agreement) have been.fulfitled; O) Tho Reoipient has adopted tho first Annual Work Plan and Budgot in accordanc€ wfth the provisiors of Section I.8.2 of Schedule 2 to this Agr€ement; I (c) The Recipient has appointed an international procurement specialisl two looal procuemeirt spocialists and a Pdect manager in accordance with the provisions of Seotion Itr.C of Sshedule 2 1o this Agreemen!
(d) Thc Recipient has adopred the Projoct Implementation Maaual in accordanco with the provisions of Seotion I.B.1 of Schedule 2 to rhia Agr€ €ment; and (e) The Recipisnt has established a procurement directorate s/irhin MoIiED witr a composlition, 6andtto, terms of reforence and resou(ces satisfactory to the Associafion.

5.02.

The Effectiveness Deadline is one hundred and twenty (120) days after the date of this Agreement.

5.03.
5.03.

For purposes of Soction:8.05 (bl ofthe General Conditions, the date on which the obligations offte Reeipiont undor this Agreemcnt (other than those providing for poymsnt obligations) shall torminate is twenty (20) years after the date of tlis Ag€etuent.

ARIICI,E VI _ REPRESENTATIVE; ADDRESSES 6.01. the Recipient's Representative is its mioister responsible for finalce.

6.02.
6.02.

The Recipicnt's Address is: Minisky of Finance atrd Ecotromic Development Treasiry tsuilding George Street Froetown, Sierra Leono Facsimile: 23222228472 6.03.

The Association's Ad<lress is: Int€rnational Developmont dssooiation l8l8 H Sreet, N.W.

Washington, D.C. 20433 United States of Anorics Cable: Telox: Facsimile: TNDEVAS Washingtoq D.C. 24U23(MC[) t-2024774t91 f-rnr* o the day and year first above written.

AGREED at ^ron ,-1,d^o.

luno.


as of REPUBLIC OF SIERRA LEONE By Authorized Namo: Titlo: INTERNATIONAL DEVEIOPMENT ASSOCI,ATION By Name: Title: ha t, ooke; (0e lo" t -5- SCENDI'LE 1 Project Descripfion The objeclivc of the Project is to improve budget planning and credibilip, financial.control, aocountability and ovorsight in govemment finances in the Recipicnis territory.

The Project consists ofthe following parts: Part 1.
Enhancing Budget Planning and Credlbility Carrying out of a program of actions designed to improve overall budget plenning build capacity for managing cotrtingent liabilities, and strcngthen syst€ms anal procedures for budgot foirmulation, in particular: (a) Strengt[ening budgptary and macro-fiscal planning and forecasting through, lzler a/rc (t) Shengthening the insitutional and technical capacitios of: (A) the Economlc Pollcy Research Unit for modeling, including among others, forecasting of mineral resource revenues; and (B) the Macro-Fisoal Steering Group for fiorecasting and updating macroeconomic,/fiscal indioators (e.g.
national accounts, revenue, monetary afld Extemal sector variables), with a view to improvihg planning oftle medium term budget; and (ii) Stengthening the capacity ofMoFED fbr carrying out ofeconomic surveys.

(b) (c) (d) Supporting operationalization of the Public Investment Management Unit vith a view to improving the public investment management fimction, all tbrough the provision of technical advisory services, non- consulting servlces, training operating costs and acquisition of goods for the purpoie.
Developing a framework for effcctivs management and reporting of fiscal risks, througlL inter alla, ptovision of technical advisory services.

Strengthening the ftauewotk and formulation for medirrm term budgeting including, lntet aliAi (i) migration to a GFS200I compliant budget olassification; (ii) recalibrating the Budget Bureau's classification systems; (iii) Developing and implementing a training program for MDAs and [ncal Councils; and (iv) Facilitating the reconfiguration of the budget module.
-6- Part 2.
Financial Control, Accountability ard Oversight Carrying out of a program of aotions designed to stcngthen f[ranoial control, improve aocountability systoms aod praoticeg and cnhance indopcndont and public oversight in the managemcnt and use ofpublic financcs, in paticular: (a) S[Engtheniry finanoial systems, controls, accounting and reporting, in particular: (i) lmplementation of IFMIS with a view to improving budget preparation aod execution, oash managemont and financial roporting, including: (A) roltiog out of IFMIS to priority MDAS and to on-budget donor fimded projcctq (B) tho development aad implomentation of a disastor rocovory plan for the IFMIS; (C) establishmont of tho IFMIS i orfacc wilh other govcrnnent systems, inoludin& gmong o6er,s,.Bank of Sierra Leonq tte debt managemetrt qystem (CS-DRXIS), and customs and l8x syst€ms (ASYCUDA & DTIS); (D) communication and chaugc managematt; @) establishment of a business continuity strcory ard disastpr rocovery sito; and (F) oscablishment of a data cenlor, all through the p,rovision of tochnical advisory scrviocs, non- consulting scrvicos, trainin& opcrating costs and acquisitiotr of goods for thc purpose.
(ii) Irnproving accounting and reporting fimctions (including collection of rcveoues and public expenditures incuned) to ensure consistency with natiood and intemational accounting standards, laws and regulations, in particular: (A) ostablishment of a TSA; @) implementation of a dooum€nt managemetrt systen; (C) ioplomontation of an elestronic funds t'ausfer system; (D) stongthming compliance with IPSASI @) undoraking a cooprohensivo roview of budgeting and accounting proccdurcs; (F) dbfining business procosscs in thc roll-out of IFIyIISi 8nd (G) improving acouracy of govcmmentrs financial statcments- (ii,) Dweloping an effective, independent and objective intemal audit function, througfu lara alia: (Al oarrying out of intemal audil needs assessment and dcveloping risk-based imcmsl audit; @) developing standard operating procedures manual and templat€st (C) rolling out the intcmal audit flmction to all MDAs; (D) desiping and irplementing a training progranr for intomal suditors in MDAs; @J designing and implcmenting cedification corrses oD htemal audiq (F) supporting intemal (G) carrying out an audit of thc MoE's audit committ€es; -7- payroll; atrd (t{) carrying out an audit of the Clvil Service payfolt, a-ll througlr fie provision of technical advisory services, non-consulting services, training and acquisition of goods for the Purpose.
(b) Strearyttaning fiscal control and cas[ debt urd aid managemen!
in particulat: (D (iD Supporting implementation of the TS A (to the extent not corered under Part (a)(l)(A) above),thrott9h, inter alia: (A) undertaking a comprehenslve rsview of the legal framework as appropriate; @) designing and implomenting a shates/ for establishing said TSA and (C) preparation of appropriare plans for incorporating donor funded projeols, brnking payments alrd payment proc€sses for TSA sub-accounts ilrough IFMIS, all through the provision of tecbnical advisory services, non-consulting services, operating costs, traioing ald aoquisition of goods for the purpose.
Strengthening the debt management firnction, through, inter alia: (A) provision oftechnical advlsory services for preparation ofa framewor* for medium term domestic bond issuance, r€gulatory updating of the debt sustainability analysis, and preparation of a strates/ for public deb,t Eahagement including a Eaining curricula; and @) provision of associated training to PDMD statr (iir) Strengthening tho aid managemont tunction in MoFED, througb, inter alia: (A) provision of training on data collection; (B) etrhancement of the development assistance database; (C) establiihtrcnt of a monitoring and evaluation system; and (D) faoilitatine field.based data collection.
(iv) Stengthening tho capaoity ofthe Multilateral Projects Division CMPD') for ideotifring dosiming, appraising and reviewing of projects at completion, ttrough, mrer alia: (A) developing a procedurcs manual; @) supporting data collection; and (C) imptoviirg managemeht of said MPD's database.
(c) Strengthening public procurennont and contract msnagement functions, in particulr: (D Enhirncbg the institutional capacity of the public procurement f:nction, through, izrer alia: (A) designing and implementing a procurement capacity building strates/ for delivery of apptopri8te training; (B) implementing a procurcment training I (d) (e) -8- program for stakeholders, including, practitioners, the private soctor, interrol auditore atrd oivil society organizations; (C) designing a frcoly accessible website./onlino portal for advertising contacts and publishing MPA's rwiow rcports; and @) establishing and opcrationalizing I procuroment directorate ir the MoFED, all through tle provision of tochnical advisory services, non-conguhing sorvimq training operating oosts atrd the acquisition of goods for the:purposc.
(iD Strengthcning coDtrct mrhrgomont systcns, througb provision of technical advisory sorvioes, non-consufting sowiccs, training operating cosb and acquisition ofgoods for the prnposo.
Strengthening thc Reoipiotrt'B ext€rnal audit fiinotlon and systoms, in particular: (i) devolopment of a comprehonsivo baining program for auditor-s in collaboration with tho Univorsity of Siorra Leonc; (ii) supporting profossional baining urd certifrcation of Audit Servicc Sierra Leone's ('A,SSL") stafr (iiD supporting operationalization of the ASSL; and (iv) dcslgn and implementation of audit managoment information systems, all through the provision of technioal advisory services, non-consuhing servicos, training opcrating costs 8nd acquisition ofgoods.
Strengthonin,g tho Rcoipie,nt's logislative's and publlc ovorsight over PFlvt in particular: (i) Streng$ening thc operational capacity and effectivonoes of tho Public Accopnts Committeg the Publio Finance Committee, and the Transparcnoy aad Aocountability Committe,e, respectively, all tfuough the provision of teohnical advisory sorviccs, non- consulting sewices, taining operating cosB and acquisition of goods for thc purposc.
(iD Developing dro analytical and dissemination capacitics of non- state actors CNSAS) for advocacy wlth a view to promoting transparency aDd odemal accountability ove,r PFlvt through, inter alia: (A) shongthoning fro institutional and tocbdcal oapacity of the NSA Soorctariat for coordination of NSA activities; (B) e,nhancing tho teehnical and institutional capacitios ofNSAs for advocacy; (Q facllitating access to PFM documents and re?orts; and @) provision of sub-grants to NSAs ('NSA Sub.Graots") for Subprojects designed to promote social accountability in PFM.
-9- (iii) Shengthening tho instihrtional and operational capacity of the And-Comrption Commission with a view to enhancing hansparoncy aad intogdty in PFM.

Ftrt3.

Srpporting lhe Strengthening of Revenue Mobitiretiotr end Administration Systomr I I I i I !
Carryilg out of a progrm of aetior8 desiped,to shengthen revenue policy and oversighr of revenuo collection, improve tho efficienc,y and intsgrity of revenue a&ninistatioq inorease domostio rcvonue, and intagrate revenue systfirs with the overall PFM system, in partlcular: (a) (i) Stengthening the RTPU's capacity for monitoring implementation of tax legislation and policy, tbrott$t, iuer alia: (A) provision oftechnical advisory services for: (aa) improvitig the efficienry of RTPU; (bb) dovoloping an opemrional manual for said RTPU; and (oc) dweloping tax policies and tax refom measures (including cxemptions ,rd duty *aivers); and @) provision of speoialized training to RTPU staff; and (il) Shengthening the capacity of the.CED for consoliilating custorns and excise regulations.
(b) Strengthening tox and non-tax rcverrue adminishation systems and improving tle efficiency and connectivity betrveen rcvenue systems and PFM sysrcms, includiqg, among others: (i) acquisition aad installation of a robust off-the-shelf tax administration system; (ii) acquisition and iirstallation of ASYCUDA World; (iii) support initial establishment of a lEvenu€s u[iq 8nd (iv) stsengthening thc technical capacity of r€source said unit's stafi, all tlrough lhe provision of technical advisory serviceg tsainin& operating costs and aoquisition of nol-consultitrg s€rvicts, goods for the purpose.
Part 4.

Strengltefng Iocel Governalce, Finencial Management and Accountibility Syrt€m!
Carrying out of a program of actions designed to improve Local Councils fuanoial managornent systems aod to strengthen associated accou tability and oversigltt institutions ail with a.view to enhancing service delivery, in particular: (a) Strehgthening the capacity of Looal Councils for medium tcrm budgeting, including, inter alia, harmonization of budget classification, all through the provision of, technioal advisory so icos and training (la lhe eabnt not covercd uder Pot I (d) above) .
(b) Strengthening Local Councils' budget execution, accounting and reporting $ystems, itr particular: (i) facilitating compliance of financial I -10- reports with IPSAS, lncludhg among others, developnent aDd implementation of an appropriate stratery for IPSAS compliance; (ii) enharcing PETRA fi:nctions with a view to imprcving said Local Councils timely recording and roporting of finanoial bansaotions; (iii) establishing a uniform cadastral system across said Local Counoils with a view to enhancing revenue mobilization; (iv) enhancing tho capacity of said Local Councils for revenue colloction and accounting; and (v) reinforcing iutcmal audit practices in said Incal Councils, all througlq provision of technical advisory services, training, non- consulting serviccs, oporating costs atd acquisltion of goods for the pwpose (to the extent nol coyared under Pan 2(a) above).
Strengtlrening publlc procuement systems in [,ocal Councils, through provision of tecbnical advisory scrvices, non-consulting services, training, operating costs and acquisition of goods for the purpose (lo /ie extenl no, covered under Part 2(c) above).
Strengthening local Councils' oversight and transparency systems and practices through, lzrer alia: (i) fecllitating disclosuro of PFM information; (ii) designing anil implementing citizen friendly templates for Local Councils' budgets; (lii) organizing annual town hall meetings on PFM matters; and (iv) implementing public oxpenditure backing *tweys (to the extent not eovered wder Part 2(e) above).

(c) (d) Part 5.
(c) (d) Part 5.

PFM Reform Coordination ard Project Management (a) (b) the lng, Strenglhening the capacity of inter alia, implementation, coordination fiduciary (procurcmedt and frnancial management) aspccts, monitoring and evaluation and roporting arrangemonts, all through provision training, operating technical advisory services, non-consulting servic€s, costs and acquisitioD of goods for the purposo.
:::lT:il"'-T"iitrff 'H,:m"* provision of technicat advisory scrvices, non+onsulting serviccs, Eaining operating costs and acquioition of gootls for the purpose.

I I I I I I I I I I , -l l- SCEEDUI,E2 Preject Erecudon Section L Institrtiold and Imolementrtion Arrangementr $.
t. Institutiond ArrsD gements Ministry of Finance and Economio Development ("MoFED') (a) The Recipient sha.ll designate, at all times during the implementation of the Projecq tho MoFED to bo rosponsible for prompt and efiicient oversight snd imflomentation of activities under the Projecl and shall take all actions inoluding the provision of funding, personnel and other resources nocessory toenable said MoFED to implement said Project.
(D (iD Without limitation upon ttre provisions of paragraph (a) immediately abovg the Recipient shall establish and thereafter maintain, at all times during thc implcmentation of the Project, a Project lvlanagement Unit within MoFED, with a composition (including, inter olia, alroject manaBer, a .sonior intemational prooureEent specia,list, two local procurement speclalists, a flnancial.manageacot.spec'ialist rnd I monitoring and evaluation specialist), mandate, terms of reference and rpsources satisfactory to the Association.
The Project Management Unit shall be responsible for ensuring prompt and efEcient day to day coordination, implementation, management and communication ofPmject activities and rcsults, including: (A) fiducrary elements of ProJect implementation (financial management and prootnemenl); (B) preparing the proposed annual work plan and budget (C) ensuring tho implemontation of tho Annual Work Plan and Budget; @) preparing and consolidating periodic progress reports; @) monitoring and evaluation of Project activities; (F) liaising with other stakeholders on issues related to Project implemcntation; and (G) providing administrative support to implementing agencies, all in accordance with tho Project lmplementation Manual.
2.

PFM Reforms Steering Committee Without limitation upon the provisions of paragraph I immediately above, the Recipient shall maintain, at all times during the implementation of the Project, ) -12- the P.FM Reforms Steering Committec, with a compositlon, nandate, terms of reforence and resources satisfactory to the Association, to b€ rcsponslble fot, inter alia, providing strategic.ovcrsight.and pollcy.guidance on.urattcrs.rclalhg ' to the Project.
J. PFM Technical Management Committe€ Without limitation upon the provisions ofparagraphs I and 2 immediately above, the Recipient shall maintain, at all timos during the implementation of the Project, a PFM Technical Managomontcommittle, with a composition, mandate, terms ofreference and rpsources satisfactory to the Association, to be responsible for providing quality assurance-on,tcohnical asp€cts of tho Projea.
The PFM Technical Management Committee shall be rcsponsible for: (a) reviowing and endorsing for subsequent approval by ths PFM Reforms Steering Committee, the Project's proposed annual work plan and budget and ensuring its consistenry with the Project Irnplementation Manual; (b) revicwing the periodic Project reports and financial repods tcfened to in Section.Il of this Schedule 2 prior to transmission to the PFM Reforms Steering Committe€; (c) facilitating coordlnation of Project activities and removal of any obstacl(s) to tho irnplementation of the Projcot; and (d) monitoring and evaluating impacts of Proj ect activities.
4.
IFMIS Project Management knplementation Coordination Team Without limitation upon the provisions of paragfaphs l, 2 and 3 immediatoly above, the Recipient shall establish and thoreaftor maintain, at all times during the implementation of the Project, aa IFMS Project Management Implementation Coordination Tearu with a 'composition, mandatc, terms of reference and resowces salisfaclory to tho Association, to be responsible for, inter alia, day to day implementation, coordinalion and menagement of activities Association.
I I I I I s. Audit service of sierra kone Without limitation upon the provisions of paragraphs 1,2, 3 and 4 immediately above, the Recipient shall designate, at all times during the implementation ofthe Project, the Audit Service of Sierra Leone, with a composition, mandate, terms of reference and resources satisfactory to the Association, to be responsible for fiduciary (financial management and procurement) aspects, under Part 2(d) ofthe Project.
I I I I I B. l I ) -13- Implementatlon Arrrn getDents Frojeot Implemontation Manual; NSA Sub4rants Manual (a) The Recipienr shall prepare, in accordance with terms of reference acceptable to tho Association and.

fumish to thc Association for review: (r) a Project implementation manual, whioh shall include provisions on the folloWing mattors: (A) arrangemenG on financial management, ssfiing forth the detailed policies and pmcedures for finanoial msnagement uader the Projec!
(B) procurement Eatragement Eoc€dures; (C) institutional adminisratioo, coordination and &y to day execution of Project activities; (D) monitorirg and evaluation; (E) reporting (F) information, education and communication of koject activities; and (G) such otber technical and organizational arrangements and procodurcs as shall be roquired for tho Project; and (ii) a manual, for tho provision of NSA Sub-.Grants for Subprojects under Part z(oXiiXD) of the Project ('NSA Sub4rants manual').
(b) Tho Recipient shall afford tho Association a reasonable opportunity to exchange views with the Rocipient on said Project implementation manual and said NSA Sub-Grans manual, respectively, and thereafter, shall adopt such Projmt irnplcmentation matrual and such NSA Sub- GranB ma[ual" respectively, as shall have beon approved by the Assooiation fPmject Implementation Manual" and 'NSA Sub4rants Manual', rospectively).
(c) The Recipient shall eusure that the Project is carried out in accordance with the ProJect Impleoentation Manual and the NSA Sub-Grants Maaual, respectively; providod, however, tbat in ease of any conflict betwoen tho pmvisions of the Pmject knplementation lvlanual and the NSA Sub-Grants Manual, res@ively, atd the provisions of this Agrccmcn!

tho provisions of this Agroemont shall prevail.


(d) Except as the Associatioo shall otherwise agree, the Rocipient shall not amond, abrogate or waive any provision of the Project Implementation Manual and ths NSA Surcraots Manual, respectively.
A.onual Work Plan and Budget (a) The Recipiont shrll prepare aod furnish to the Association not later than November 30 of each Fiscal Year during the implementation of the r -14- (b) (c) (d) (e) Project, a work pl"f, gr&Udgh containing all actividqs pr-oposod to ba included in tho Project during the following Fiscal Year, anila proposcd financing plari for expendinues required for such activities, setting forth the proposed amouuts and soutces offinancing.
Eacb such proposed work plan and budget shall specif any,fainir[ activities that may be required under the Project, includhg: (i) ihe ry,p; of training; (ii) the plrposo of the raining; (iii) the porsonnel to be bained; (iv) the .instilrtion or individual who will conduct the haining; (v) the location and duration of the balning; and (vi) the cost of the training.
The Recipiont shall afford tho Association a reasonable opportunity to exohange viows with &o Recipient on each such proposed work plan and that the Project is imflomentcd with due budgot and thereafter €nsure diligonce during said following Fiscal Year in accordanco wi& sush work plan and budget as shall have been approvcd by the Assooiation ("Anrtual Work Plan and Budget'').
Tho Recipient shall not make or allow to bc made any chango to thc approved Annual Work Plan and Budget wlthout prior approval in writing by tho Association.

The Association shall, on tho basis ofthe Annual Work Plan and Budget, determine the list of expenditurcs to bs financed out of the combined proceeds of the Financing CtAnnual.Vork-Plan Expenditures') and rhs percentage of the Annual Work Plan Expenditures which may be financed out of the procceds oftho Financing.
C. Artl-Corruptlon Tho Recipient shall enswe that the Project is carried out in accordance with ttre provisions of the Anti-Comrption-Guidolines, D, Subproiects under Part 2(eXilXD) ofth6 Projecti NSA Sub-Grants Eligibility.In order to ensure the proper implemetrtation of Part 2(e{ii[D) ofthe Project, the Rocipient shall, through the NSA Secretariat, make NSA Sub-Grants to NSAs for Subprojecs in accordance with $tigibtlitV criterib and procedures acceptable to the Association, which shall include, mter afiiz, the following: (a) tho Recipient, through the NSA Secretariat, has determined on the basis of m appraisal caried out in accordalce with guidelines aoceptable to the Association, and elaborated in lhe fSA Sub=Grants Manuaf, that: I I I I I -15- (i) (ii) the proposed NSA; (A) is a legal ontity, with the organization, managpment, technlcal capaoity and ffnancial resources necess0ry to carry out the proposed Subprojec!
and @) has prepared a satisfactory financing plan and budge!

and a salisfactory imllemcntatioo.
plan for the proposed Subprojecq and tte proposed Subproject is tochnically feasible, md financially and economically soundl and (b) thc: (i) aggregate aurount of all NSA Sub-Grants made in a given Fiscel Year to NSAs shall not exccod the limit s€t out in thc Annual Wqk ?lan atrd Budget and (ii) riglin-taq-gsount of each NSA Grant for a ,Subproject shall not oxceed lO0 percem of the total estimated co$ of tho Subpr0joct mlnus lhe arpunt of other funds allocated to finance such i,U)St, NSA Grant Agrecment -.Agr€em€nt (a) The Reclpient shall make sach NSA Grant to a NSA uider a Grant olr torms-8nd conditions satisfactory to the Association, as fiuthsr described in the NSA Sub4ianc Manual, which shall include tbe following: (0 the amoullt of,thB NSA Grant sball oot €xceed the total estimated cost of the Srbp"oject and the pmceeds of the NSA Grant shall bc made availablo to a NSA on non-reimbursable grant terms; (ii) a descripnion of the Subproject and tho applicable ralos for the services inoluded therounder; (iir) the NSA shall bo rcquired to: (A) carry out the Subproject with due diligenco and efficiency and in accordance with sound technical, financial administrative, and onvironmental practices; (B) ensura thal Oe rcsouces requfued for the Srrbproject are provided promptly as needed; (C) procure goods, non-consulting se,rvlces, services-and .ottcn.Eligible Exponditures requircd for the SubproJoct in acoofdance with Section Itr of this Schedulo; @) maintain policies aad procedures adequate to enable it to
 monitor and waluato, in acoordanca with indicators acceptable to ths AssoclatiorL tho progress of the Subproject and the achievement of its objecttves; ond (E) (i) mgintain a fmancial managelrcnt system atrd prepare financial statements itr accordanco with consistently applied accounting standards acceptable to the Association, both in a manner adequate to 2. jt?
I -16- reflect the operations, resouroes 8lld expenditur€s rolated to the Subproject; and (ii) at the rcqucst of the Association or tre Recipient have such records audited by independent auditors acceptable to tbe Association, in accordance with consistontly applied auditing standards ,acceptable to the Association, arid promptly firnish the records as so audfted to tho Rocipient and the Association; (iv) the NSA shall bo rcquired to carry out the Subproject in accordance with the provlsions of the Anti-Comrption Guidelines; (v) the NSA shall bo rcquired to c8rry out the Subproject in accordance with the provisions of the NSA Sub-Grants Manuat; (vi) the goods, non-consulting sewices, oonsultants' services and to be financed out of tho proceeds of other Eligible Bxpenditur€s the NSA Grant shall be used exolusively for the Subprojecq 8nd (viD the Recipiont shall have the right to: (A) inspect by itself, or jointly with the Association, if tho Association shall o requesg the goods and sites included in the Subproject, tho opcrations theteof, and any rcl€vant recoids atrd dooumcnts; @) obtain all information as it, or the.
Association, shall reasonab[ request regarding tho adminisuation" operation, and finanolal condition ofthe NSA; and (C) suspend or terminate the right ofthe NSA to use the proceeds ofthe NSA Sub-.Grant, or obtain a refirnd of atl or any part of the amount of tbe NSA Suh'Grant then withdrawn, as the caso may bo, upon failure by the NSA to perform any of its obligations under the NSA Grant Agreemenq and (b) Tho Reoipient shall exeroiso its rights undor tho NSA Grant Agre€ment in such rnanaor as to protoot its interests and thoso of the Association (including, the right to suspend or terminato tho right of tho NSA to uso thc procceds ofthc NSA SuLGrant or obtain a refirnd of all or any part of the amount of the NSA Sub-Grant then withdrawn, upon the NSA's failure to perform any of its obligations under the NSA Grant Agreement) and to accomplish the purposes of the NSA Sub-Grant and, except as the Association shall otherwise agree, the Reoipicnt shall not assign, amend abrogme, or waivg or permit to be assigned, amended, abrogated, or waived, the aforcmentioned, or any provision thertof- I I I !
-17- Section IL A.

Project Reports The Recipient shall monitor and evaluato the progress oftle Project aod prepare Pqieot Reports in accordanceiwith the provisions of Section 4.08 of the General Conditions and sn the basis of indioators acceptable to the Association.

Each Project Repoil shall cover the poriod of one calendar semester, and shall be fimished to the Association oot later thaa one month after the end of the period - covered by such reporL ts.

i.

2.

9.
i.

2.

9.

Financlal Managemept, Financiel Reports and Audits The Reoipient shall maiatain or cause to be maintained a financial maIragement systenr in accordence wi6 ths provisions.

of Section 4.09 of the General Conditions.

The Recipient shall prepare and furnish to the Association not lster than Jorty-five (45) tlays after the end of eaoh calendar quarter, interim unaudited financial reports for the Project odvering the quarter, in fonn and substance satisfactoryto the Association.
The Rocipient shall have its Financial Statements audlted in accordance with the provisions of Seotion 4.09(b) of the General Conditions.

Each audit of rhe Financial Statements shall cover the period of one Fisoal Year of the Recipient.

The audited Financial Statements for each such period shall be fumished to lhe Association not later than sk months aftsr the end of such period.

4.
4.

Other Review(s); Projoct Managem€,flt Unit Without limitation upon the provisions of paragraph 3 immediately abovg the Reoipient shall undertake quarterly reviews ofthe PMU's financial management activities under terms ard conditions satisfactory to the Association, and firrnish said reviows' findings to the Assooiation not later than sixty (60) days after the end ofthe period to which said quarterly-reviev(s) relates.

5.
Part 2 (d) of tho Project Audit Sorvics Sierra Leono Without limitation upon the provisions of paragraph 4 immediately above, in order to assist the Audit Service Sierra Leone in preparing an audit of its Fiaaneial Statements for Part 2(d) of the hoject, in each Fiscal Year, the Recipient shal, appoi{t an Extemal Auditor, in accordanoo with the provisions of Sootiou III of this Sohedule, The auditod Financial Statements for each such poriod shall be firnished to the Association not later than six (6) months after the end of zuch.period.
I -18- SectionIII.

Procurement A.

General I 2.

3 Goods and Non-comultirg Servicos.

All goods,and non-consulting services required for the Project and to bo financed out of the proceeds of the Financing shall be procured in accordance with the requiiements set fo(h or roferrod to in Section I ofthe Procuremont Guidolinoq and with the provisions of this Section.

Consultatrts' Services.


Al[ oonsultanB' sewices required for the Project and to be fmanced out of the proceeds ofthe Financing shall be procured in accordanca with the requirements set forth or referred to in Soctions I and IV of the Consultant Guidelines, and with the pmvisions of this Seotion.

Definitions.
Definitions.

The capitalized terms used below io this Section to doscribe particular procltromsnt methods or methods of rwiew by the Association of particular contacts, refer to the core$ponding method described in Sections II and III of the Procurement Guidelines, or Sections tr [, rV and V of the Consultant Guidelines, as tho caso may bo.

B. Pertic$lar Methods ofProcuremert of Goods and Non-consuldng Serviceg 1 2.

3 Iuternatioual Competitive Biditing.


Exc€pt as othorwise provided in paragraph 2 below, goods and non"consulting services shall be procured under contracts awarded on ths basis of lntemational Competitive B idding.

Other Methods of Procutemcnt of Goods snd Nomonsulting Services.
The following methods, other than Intemational Competitive Bidding, may be used for procurernent of goods and non-coasulting services for ftose contacts specified in the Procur€ment Plan: (a) National Competitive Biddilr.&, subject to the addltional provisions in paragraph 3 below; (b) Shopping ard (c) Direct Contracting.

Erceptions to National CoDpetitive Bidding (NCB) Procedurrcs.
The procedures to be followed for NCB shall be the open competitive bidding procedure set forth in the Public Proourement Aoq pmvided,.

howevor, thst such procedure sha!!
be subject to.the prowlslons ofSection I and Paragraphs.3,3 and 3.4 ofthe Procurement Guidelinos, and the following additional provisions: (a) Bidding documents acceptable to the Association shall be used; (b) Eligibility to participate in a procurement process and to be awarded an Association-financod oontrast shall be as defined under Sectiou I ofthe Procurement Guidelines; accordingly, no bidder or potential bidder shall be doclared ineligiblo for contracts finanoed by the Association for reasons other than those provided in Section I of the Procurement I I I I I I I I I I I I I I I -19- (c) (d) (e) (f) Guidelines.
Foreign bidders shall be allowed to participate in NCB procedures, and foreign bidders shell not be obligated to partner wirh local bidders in ordor to panicipate in a procurement process; Bidding shall not bs rqstricted to pre-registergd firms, and foreign bidders shall not bc required to be registored with local authorities as a prcrequisite for submitting bids; No margins of preference of any sort (e.9., on the basls of biddor nationality, origiu of goods, sorvices or labor, and/or proferential prograrns) shall be applied in thc bid evaluation; Joint venture or consortium partnors shall be jointly and sevorally liable for thoir obligationr.
Bidders shall bo givon at least thiny (30) tlays ftom the alsto of publication of the invitarion to bid or the date of availability of the bidding documents, whichwor is later, to propare and submit bids.
Bids shall be submitted in a singlo envelope; An extension of bid validi{, if justifiod by exceptional circumstalces, may be requested in wrtting from all bidders before the origiaal bid validity expiration date, provided that such extension shall cover only tho minimum period required to complote lhe evalualion and award a thity (30) days.
No firrther extensions shall conbact, but Eot to exs€ bc requcstcd without the prior writtcn concurrence of the Association; €d (e) All bids (or the sole bid if only one bid is received) shall not be rejecte4 tho procurcment process shall not bs catrcellod, and new bids shall not be solicited without the Associalion's prior written concurrencei O) Qualifrcarion criteria shall be applied on a pass or fail basis; (i) 0) (k) Bidders shall be given at least twenty-eight (28) days from the receipt of notification ofaward to sut nit performance securities; In acoordance with the Procurement Guidelines, each bidding document and contact shall inolude provisions stating the Associatioi,r's policy to sanstion firrns or individuals fomd to havo cngagcd in fraud and com.rption as set forth in the Procurement Guidelines; and In accordance with the Procurtment Guidelines, each bidding document atrd contract shall include provisions stating the Association's policy with respect to inspcotion aad audit of accounts, recortls and other documents relating to ths submission ofbids and oontract perforrnanco.
I I I e. I 2 -20- Particular Methods ofProcur€ment.of Consultanb, Services Quality- and Cost-bas€d Selection.

Except as otherwise provided in paragraph 2 below, consultstrts' scrvioes shall be procurod under contracts awarded on the basis of Quality and Cost-based Selection.

Other Methods of ProcureEert of CoEsultaEts' Services.
The following methods, other than Quality and Cost-based Selection, may be used for procurement of coDsultants' sorvicss for those contracts vihich arc,specified in the Procurement Plan: (a) Quality-based Selection; (b) Selcction under a Fixed Budget; (c) Least Cost Sel'ection; (d) Selection based on Consultants' Qualifications; (e) Single-source Selection of consulting firms; (f) Proccdurrs set forth in paragraphs 5.2 and 5.3 of the Con$ltant Guidelines for the Selection of Individual Consultants; and (g) Single-source procedures for the Selection of Individual Consultants.
D. Review by the Association ofProcurement Decisions The.

Procurement Plan shall sot forth those contracts which shall be subject to the Assooiation's Prior Review.

All other oontract$ shall be subject to Post Review by the Association.

Section IV.

Withdrarval of the Proceeds ofthe tr'inancins A.


General The Recipient may withdraw the proceeds of the Financing in accordance with the provisions of Article II of the General Conditions, this Section, and such additional instruotions as tle Assooiation shall speci!
by notice to the Recipierit (including the "World Bank Disbursemetrt Guidclinos for Projects", dated May 2006, as revised fiom time to time by the Association and as made applicable to this Agreomcnt pursuant to such inshuctiorB), to finatroo Eligiblo Expenditures as set forth in tho tablo in paragraph 2 below.

2.
The following table specifies the categories of Eligible Expenditurcs that may be financed out ofthe proc.eeds ofthe Fioancing ('Categoq/'), the allocations ofthe amounts ofthe Financing to each Ca@gory, and tho porcentage of expenditures to be financed for Eligible Expenditurus in eaoh Category: I I t I I Jt- Amount of the Finrocing Allocated (exprccscd lo SDR) Percentage of Erpcndltures to be Finenced (inclusive ofTeres) Category r(1) Goods, non-consulting 7,400,000 consultsnts' r€rvic€s, services, Training and Operating Costs under Parts 1; 2 (a), O), (c) aud (e) {i), (ii) (A), (B) (c) and (iti); 3; 4 and 5 oftho ProJoct I lp1 NsE strb-cnnts una6 Psrt 2 (eXiiXD) of the Project i(3) Goods, non-consulting services, consultants' serviccs, Training and Operating Costs under Part 2(d) ofthe Project 90 000 410,000 Such porcentage of Annual Work Plan Exponditures as the Association may determine for each Fiscal Year and communicate to the Recipiont Such perrcentage of Annual Work Plan Expsnditures as the Association may detennine for esch Fiscal Year and communicale to the Recipiemt Such percentage of Annual Work Plan Expenditues as the Associalion may determine for oach Fiscal Year and communicate to the Recipient TOTALAMOTJNT 7,900,000 B. I Wiihdrawql CondltioD8; Withdrewsl Period Notwithstantting tho provisions of Part A of this Section, no withdrawal shall be made: (a) for payments made prior to the date of this Agreement, except that withdrawals up to an aggregalo amouot not to exc€ed SDR 330000 may be mrde
 for poyments made prior to this date but on or aft€r October l, 2013, for Eligible Expenditures under Category 1; or (b) for payments under Category 2, unless and rmtil the Recipient has adopted tho NSA Surcrsnts Monual, in accordance with tho provisions of Section LB.
I of Sohedulc 2 to this Agreement.

i.

The Closing Date is March 31, 2018.
I 1n SCHEDIJLE 3 Repeyment Schedule Dato Payment Due On each March 1 5 and September I 5 : Princlpal Amount of the Credit repayable (orpressed as a percentage) * commencing March 15, 2024, to and including September 15, 2033 lYo commencing Maroh 15, 2034 to and including Soptember 15,2053 r Tho percentages represent the percentage of the principal amount of the Credit to be repaid, except as the Association may otherwise speclry pursuant to Section 3.03(b) of the General Conditions.
I I I I I I I I I -23- APPENDD( Definitions , a 8.

9 10.

11. the Afiican regional development bank.

'African Developmed Bank" m€ans *Amual Work Plan and Budget" moans the prograrn of activities agreed each the Recipient md tho Associalion for inclusion in the Project and year b€tween financing in accordance with Section I.B2 of Schedule 2 to this Agreehent &iring the following Fisccl Year, as the samo may be revised &om time to time, all in accordanco with tho provisions of tbe said Soction.
'Annual Work Plan Expenditures" means the Annual Work Plan Expenditures roferr€d to in Seption I3.2 (o) of Schcdule 2 to,this Agreqnent.
"Anti-Comrption Comruission" means tho Recipient's commission established and operatiag pursuant to tho Anti{omrption Act Number 12 of 2008, of the laws of the Recipienl "Anti{omrption Guidelines" nreans the "Guidelines on Preventing and Combating Frautl and Corruption h Projects Financed by IBRD Loam and IDA Crcdits and Grants", dated Octobor 15, 2006, and revised in January 2011.
"ASYCUDA" means an eadier version of the Automated Systom for Customs Dara issued by rhe United Nations Conference for Trade and Development.

'ASYCUDA World" means the lat€st version of the Automaled System for Customs Dats issued by the United Nations Conference for Trade and Developmenl "Audit Service Siera kono" or "ASSL" means the Recipient's Audit Scrvice established and operding pursuent to Pan II of the Audit Service Aot Number I of 1998 ofthe laws ofthe Reclpient, &s a$ended to date.
*Baok of Sierra Lsono" means the cental bank of the Recipient established and oporating pursuant to the Bank of Sierra Leone Act Number 3 of 20ffi of the laws ofthe Recipient as ameoded to dato.

'tsudget Bureau" rheans the unit within MoFED responsible for prcparation of the national budgel 'Category" means a category set forth in the table in Section IV of Schedule 2 to this Agroement.

I I I I I I i I -24- I I I I I I I ,2. tJ.

14.

15.

16.

17.
14.

15.

16.

17.

"CBD" means the customs and excise division within tro Nationat Rovenue Authority, establishcd and operating pursuant to the Ndtional Reveoue Authority Act Numbor I I of2002 as amonded to date.

'Co-financier" means the following financier, other than the Association, who intends to provide financing to fie Project, namely, the African Devolopment Bank.
"Co-financing" means, for purposes of paragraph ll of the Appondix to the Gencral Conditions, an aggr.eg8t€ amount of not lcss than three million fivs hundred thoussnd Dollars ($3,500,000), to be provided by the Co-financior to assist in financing the ProjecL "Co-financing Agreemenf' moans thc agr€ement Recipient and Af,DB providlng for thc Co-llnancing.
to bc edered into betwsen the "Consultant Guidelines" means ths "Guidelines: Selection and Employmont of Consultants rmder IBRD Loans and IDA Credits and Grants by Wortd Bank Borrowers", dated January 20 I I .

'CS-DRMS" nroans the Commonwealth Secretariat Debt Recording and Management System.

18.

"DTIS" mears the Recipient's Domestic Tax Information Systom.

t9.

20.

21.

22.

23.

"Economic Policy Research Unit' mcans the unit within MoFED responsible for macro-economic fiscal policy.
'External Auditor" means the auditot appointed by Parliament in accordance with the provisions of Sootion 16 of the ,*udiL$ervice.Act.Number I of 1998 of the laws of ths Recipient, as amended o dato.

"Fiscal Yeaf' means the Reeipient's fiscal year commencing January I and ending December 3 I of cach year.

'General Conditions" mcans thc "Intemational Development Association General Conditions for Credits and GranB", dated July 31, 2010.
'GFS200I" means the Govemment Finance Statistics Manual 2001, an intomationally recognized statisticd reporting framework aimed at helping national autborities to strengthe[ their capacity to formulate fiscal policy and monitor fiscal developments and developed by the Iltemational Monetary Furd.

I 24.

"Grant Agreoment'' means th€ agre.ement dated the same date as this Agreement between tho Recipiont and tho Association, acting as administrator of a multi- donor trust fund, providing for the Gtant -r<- 2s.
"Gr8rit" means an aggregate amount of thirteen million United Statos Dollars (US$13,000,000), to be provided by the World Bank acting as administrotor of the multiionor trust ftnd, to assist in financing the hoject ?6.

"IFMIS" means lhe integrated fInatrcial managsment information system.

21.

"IFMIS Project Maoogement lmplemeutation Coordination Team" means the , Recipiont's committee refered to in Sootion I.A.4 of Schedule 2 to this Agreement.
"IPSAS" means International Public Soctor Accounting Standards.

28.

29, "Local Council" or "LC" means a local council established and operating pursuant to the Lpcal Governnent Ast Numb€r I of 2004 of the laws of fto Recipieng as &mended Aom dme to timo' atrd any succsssor thoreto, and 'Local Counclls" or "LCs" meatrB, colleotivel1all suoh Local Councils.

, 30 31. x2.

33. ,4. ls.

36. s7.

I 38.

39.

'lvlacro-Fiscal Steedng Group" moane the macro-fiscal seerilg group within MoFED.
fiDAs" means the Recipient's ministriss, de,partm.ents and agencies, and "I\{DA" mesns any such individual MDA.

"MoE ' means the Recipient's Ministry.

of Etlucation, or any successor thercto' 'MoFED" rneo.ns the Reciflont's Ministry of Finance and Fronomic Developmeot, or any succe,gsor thcreto- avlulGlatetal Projects Divisionl responsible for coordinating donor funded projects.
means the division within MoFED 'NPPA" means the National Publio Procurement Authority establlshed and operding pursuart to Section 3 ofthe Public Proouremont Act.

'NSA" means a non-state actor established aad oporating under the laws of the Rocipied as & not-for-profit legal €ndty, 8trd anSAs" means, colloctively, two or mor€ suoh noo-state actors.
'NSA Grant Agreoment'' means the agreoment referred to in Section I.D.2 of S&edule 2 to this AgreemenL "NSA Surcrert" means a sub-grant made to s NSA under Pat 2(e)(ii)(D) of the ProJect.

a.,lSA Secretariaf' means the secre&riat within MoFED responsible for coordinating non.state actors' actlvities.

I i I I I I I I I I -26- 40 41.

42.

43.

44. i 45.

46.

47.

48.

49.

50.

51.

52. i:.


"Parliamenf',,means tho Rocipientrs parliar.nent estabtished and oporating pursuant lo Chapt€r VI of tho Cbnstitudon.

of the Recipient Act Number 5 oi 1991 oftbe laws oftho Reclpiohg as amerded to date.

"PDMD" means thc Public Dctt Mmagement Division wiihin MoFED.

kPETRA" means the internationally recognized integrated software solutions paokago.
"PFM" means Public Financial Management, "PFM Reforms Steering Committeol' means the Recipient's committeo roferred to in Section I-A,,2 of Schedule 2 to dris Agroomont.

'?FM Technical Maoagemeot Committee" moans the Recipient's commitee referred to is Section I.A.3 of Schedule 2 to ltis Agrecment.

'?FMR Direotorate" means the diroctorate within MoFED responsiblo for coordinating PFM reforms in thc Recipient's territory.
"Procurement Guidelines" means the "Guidelines: Procuremeot of Goods, Works and Non-consulting Scrvic€s under IBRD l,oans and IDA Crcdits and Crrants by World Bank Borrowers", dated January 201 1.

"Procurement Plan" means the Recipient's ptocnrement plan for,the Projecg dated October 9, 2013, and rsfcnrd to in paragraph 1.18 of the iPmcurement Guidelines and paragaph l.25,of the Consultarit Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.
"Program" means the document of the Recipient ontitled Pubffc Financial l,{anagement Refonn Slralegl 2014-17 dated June 2013.

'?roject lmplementation Maqual" means the manual, in form and substance satisfaotory to the Association, rcfened to in Sectlon LB.l of Schedule 2 to thlr AgreemonQ as such manual may be amended fom time to timp with written agreement of the Association, "Project Mahagement Unif' means the Recipient's unit referred to in Section I.A.l(b) of Schedule 2 to tbis Agreement.
'?roject Steering Coflmitte€" mealg the Recipienl's commiftee referred to in Section I.A.2 of Schedule 2 to this Agrecment.

"Public Accounts Committee" msans the committm cstablishod and opcrating in Parliament pursuant to Section 93 of the Constitution of the Recipient Act Number 6 of 1991 of the laws of the Recipient, as amonded to dato.

_'r1_ 54 55.

56.

57.

58.

I 59 : 60; 61.

62.


'Public Finance Commifiee" means the Committee established and operating in Parliaooent pusuant to Section 93 of the Constitution of the Rocipient Act Number 6 of 1991 oftte laws of lhs R*ipicnt, as amended to date.

"Public Invesmont Management.Unif means the public investment management uait within MoFED.

'?ublic Procurement Acf' moans the Public Procurement Act Number 14 of 2004 ofthe laws ofthe Recipient, as amended to datp.
"RTPU" means the rovooue and tax policy unit within MoFED.

"Subprojecf' meaos a speoific development project carried out or to be canied out by a NSA under Part 2(e[ii)@) of &e Project and finmced or to be frnalced out of lhe procecds of So Financing through a NSA Sub-Granq and 'Subprojccts" means, ocrllectively, tsro or more.such subprojects.
'"Trdinhg" means the costs associated with training, workshops, sominars and conferences based on an Annual r$r'ork Plan and Budget approved by tho Association pursua t to Sectioa I.B.2 of Schedule 2 to this Agreement, for reasonable expenditures (other than expenditures for colsultants' sewices), lnoluding: (i)'lravel, room, board'andpsr dlem expenditttes incurred by trainers and trahees in connection urith thelr tralning and by non-consultant training facilitators; (ii) course fees; (iii) traioing facility rentals; and (iv) training material preparation, acquisition, reproductlon and distribution expenses; and "Ttatrsparency and Accontability Committee" meaDs the Committee established and operating in Parlianent purcuant to Section 93 of the Constitution of ths Rccipient Act Number 6 of 1991 of the laws of the Recipicnt, as ornendod to date- "TSA" means Trcasuly Single Acsout.
'University of Sierra Lcone" means the university established and oporating pursuant to Section 3 ofrhc Universities Act Number I of2005 ofthe laws ofthe Recipient as amended to dde, or any successor thereto.

63.

"Operating Costs" means the incremental oxpenses incurred on account of Project implemonation, besod on an Annual Work Plan and Budget approved by the Association pusuant to Seidon I-8,2 of Schedule 2 to this Agreomotr!
on account of office equipmeot and supplies, vohicle operation and maintenanco, maintenance of e4uipment, communication and insurance costs, office admioistration costs, utilities, renta!

consumables, accommodatior, travel arrd .pet dlen, excbrdillgthe salaries.

of the Recipient's civil servants.

,,Alla'N1ffi?

t:t,u}:'J:g'