The World Bank Agriculture Modernization Project (P158372)
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Legal Covenants Sections and Description
The Project Implementation Unit has installed a separate module in the existing accounting software for managing
the accounting and financial reporting of the project within 60 days from project effectiveness
Sections and Description
The Borrower shall ensure that the project is implemented in accordance with the Environmental and Social
Commitment Plan, in a manner acceptable to the World Bank.
Sections and Description
The Additional Event of Suspension consist of the following, namely that the Legislation of the Agency for the
Implementation of Projects in the field of Agroindustry and Food Security (UZAIFSA) has been amended,
suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of the UZAIFSA to
perform any of its obligations under the Legal Agreements.
Conditions Type
Description
Effectiveness
The Borrower has established the Project Implementation Unit with staff, resources and
terms of reference acceptable to the World Bank.
Type
Description
Effectiveness
The Borrower has adopted the Project Operations Manual in form and substance satisfactory
to the World Bank.
Type
Description
Disbursement
The Borrower has prepared and approved the Credit Line Guidelines in a manner satisfactory
to the World Bank, including the terms and conditions of the Subsidiary Loan Agreements to
be entered into between the Ministry of Finance, the Agency for the Implementation of
Projects in the field of Agroindustry and Food Security, and each Participating Financial
Institution pursuant to Section "Subsidiary Loan Agreements" of the Legal Agreements