제16246호                            관                  보                 2006. 5. 2. (화요일)

 currencies in order to facilitate their               by MOFAT under this Agreement after
 disbursement. UNDP may in good faith                  satisfaction of all commitments and
 make the conversion at a time deemed most             liabilities incurred prior to the completion
 suitable and efficient for the implementation         or termination of the Project.
 of the Projects. UNDP shall be solely                                  ARTICLE VI
 responsible for determining the time at                      Cooperation and Consultation
 which the conversion is effected and shall        1. In order to promote a regular exchange of
 not be responsible to MOFAT for the rate at           information, MOFAT and UNDP shall hold
 which such exchange is made.                          consultations at least once a year or as
5. The funds deposited pursuant to paragraph           otherwise agreed. MOFAT and UNDP shall
 2 of this Article may be commingled with              also consult at the request of either Party
 other assets for the relevant Project, but            on the planning, selection, implementation
 shall be kept separate and apart from other           and administration of Projects and other
 assets of UNDP.                                       matters of common interest to them as well
6. UNDP may invest and reinvest the funds              as on all other matters arising out of this
 provided by MOFAT under this Agreement                Agreement.
 pending their disbursement, in accordance         2. Subject to paragraph 1 of this Article,
 with UNDP’s financial policies and                    UNDP shall be responsible for the
 procedures for the investment of funds it             identification, appraisal and supervision of
 administers. UNDP shall credit all income             the Projects which MOFAT finances
 from such investment of all funds, including          pursuant to this Agreement and shall carry
 all interest income from such funds,                  out such responsibility in accordance with
 provided by MOFAT under this Agreement                UNDP’s standard policies and procedures.
 to the account for the relevant Project and       3. Representatives of MOFAT shall be invited
 shall be utilized in accordance with UNDP             to participate in missions relating to
 procedures.                                           Projects financed by MOFAT under this
7. UNDP shall disburse the funds so deposited          Agreement as UNDP, MOFAT and the
 with UNDP under paragraph 2 of this                   recipient deem appropriate. UNDP shall
 Article as needed from time to time to meet           keep MOFAT informed of the findings of
 the cost of eligible expenditures as set forth        such missions.
 in the relevant Arrangement.                      4. MOFAT shall not be responsible for the
8. Upon the completion or termination of each          activities of any person employed by UNDP
 Project financed by an Arrangement                    for the implementation of any Arrangement,
 established under this Agreement, UNDP                nor shall MOFAT be liable for any costs
 shall notify MOFAT of the completion or               incurred by UNDP in terminating the
 termination and shall transfer to MOFAT               engagement of any such person.
 any unused balance of the funds provided          5. UNDP shall inform MOFAT of any events

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