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