제16563호                                관                   보                    2007. 8. 8. (수요일)
deposit of Contribution funds, deduct from              Procurement of Goods
such funds and retain for the Bank’s own                    Fo r B a n k-e x e c u t e d a c t i v i t i e s, t h e
account an amount equal to five percent (5              employment and supervision of consultants
%) of the Contributions.                                and the procurement of goods financed by
4. Grants to Recipients                                 the Contributions shall be the responsibility
4.1. The Bank shall, as administrator                   solely of the Bank and shall be carried
 o n b e h a l f o f t h e D o n o r s, e n t e r       out in accordance with its applicable
 i nt o g r a nt a g r e e m e nt s (t h e “G r a nt    policies and procedures. The Bank shall
 Agreements”) with one or more entities                 u s e r e a s o n ab l e m e a s u r e s t o e n s u r e
 (the “Recipients”) for the provision of                that payments made by the Bank with
 Contribution funds for the purposes                    Contribution funds for goods and services
 of this Agreement and on the terms                     procured by the Bank are not made to
 and conditions set forth in the Grant                  terrorists or terrorist organizations.
 A g re ement s. For R e c ip ient-exe cut e d              For Recipient-executed activities, the
 activities, the Grant Agreements shall                 G ra nt A g re e ment s sh a l l p r ov ide t h at
 include provisions to the effect that (i)              the Contributions shall be used by the
 the Recipient shall use the proceeds                   Recipients to finance expenditures for
 of t h e g ra nt exclu s ively t o f i na nc e         goods and services, as the case may
 expenditures which, among other things,                be, in accordance with the World Bank’
 satisfy the requirement that the payment               s Guidelines on “Procurement under IBRD
 is not prohibited by a decision of the                 Loans and IDA Credits” and the World
 United Nations Security Council taken                  Bank’s Guidelines on the “Selection and
 under Chapter VII of the Charter of                    Employment of Consultants by World Bank
 the United Nations; and (ii) in the event              Borrowers,” as in effect at the date of the
 the Recipient enters into any sub-grant                Grant Agreements.
 agreements with other entities to which                6. Accounting and Financial Reporting
 the Recipient would make the proceeds                  6.1. The Bank shall maintain separate
 of the grant available, the Recipient                      records and ledger accounts in respect of
 shall include a corresponding provision                    the Contributions deposited in the trust
 to the same effect in any such sub-                        fund account and disbursements made
 grant agreements. The Bank shall furnish                   therefrom.
 a copy of the Grant Agreements to the                  6.2. Wit h i n n i n e t y (90) d ay s o f e ac h
 Donors.                                                    March 31, June 30, September 30 and
4.2. The Bank shall be solely responsible                   December 31, the Bank shall furnish to
 for the supervision of Project activities                  the Donors an unaudited cash-based
 financed under the Grant Agreements.                       statement of receipts, disbursements and
5. Employment of Consultants and                            fund balance in United States dollars

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