National Project Implementation Plan - NVBDCP

Risk
Residual
Risk
Rating
Risk Mitigation Measures
Condition of
Negotiations,
Board or
Effectiveness
(Y/N)
Overall Risk
Substantial
11.10 Project Covenants
Apart from the covenants regarding audit and submission of IFRs, the following
covenants has been included in the financing agreement:
NVBDCP will establish and retain during project implementation a financial
management cell at the central level with two finance professionals with
qualifications acceptable to the World Bank.
Appoint a consultant agency as per TOR acceptable to the World Bank to carry
out periodic implementation and fiduciary reviews of decentralized activities
financed by World Bank in the project states and districts.
11.11 Advance
The disbursement from the World Bank will be on an annual basis, an advance
of USD 20 million (Rs 800 million) will be provided to NVBDCP to finance the
activities of this component in the interim period. This will be adjusted in the
last six months of the project.
11.12 Project Preparation Facility
A Project Preparation Facility (PPF) for the project was established for US$ 1
million (reference: IDA-Q5040-IN) for the project. The refinancing date for the
PPF has been extended until June 30, 2008. No further extension beyond June
30, 2008 has been seeked by NVBDCP.
11.13 Retroactive Financing:
World Bank has provided retroactive financing for certain level of activities. The
NVBDCP has initiated agreed preparatory activities at the central level and
procurement of drugs and insecticides through UNOPS for the proposed
project. World Bank has, agreed retroactive financing of central level
expenditures on procurement subject to a limit of USD 10 million (Rs 400
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