Article III. Contributions to the Phase IV Fund; Disbursements from the Phase IV Fund;
Annual Report
Section 3.01.
The Contributing Parties undertake, subject to the conditions set forth in this Agreement,
to assist in financing the cost of the fourth phase of the Programme. The following
contributions have been announced:
-
a) The Kingdom of Belgium undertakes to support the fourth phase of the Programme. Its
contribution will be denned annually on the basis of availability of budget funds
and on the evolution of the Programme.
-
b) The French Republic has indicated that it is in a position to make a total contribution
to the Phase IV Fund of forty-five million French francs (FF 45,000,000) distributed
over the six years of the fourth phase of the Programme, subject to approval by the
Management Committee of the Fonds d'Aide et de Cooperation.
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c) The Federal Republic of Germany shall contribute to the Phase IV Fund two million
Deutsche marks (DM 2,000,000) for 1992. Similar orders of magnitude of annual contributions
will be considered for the subsequent years of Phase IV.
-
d) The Government of the Italian Republic shall take under consideration the possibility
of continuing with its support to Phase IV of the Programme.
-
e) Subject to legislative approval and other action, Japan will contribute two million
United States Dollars (US$ 2,000,000) to the Phase IV Fund for 1992 and intends further
to continue its cooperation with the Programme for the period 1993-1997.
-
f) The State of Kuwait has undertaken to make a contribution to the Phase IV Fund in
the amount of one million five hundred thousand United States Dollars (US$ 1,500,000)
over the period 1992 to 1997.
-
g) The Grand Duchy of Luxembourg, subject to governmental and annual parliamentary approval,
shall contribute fifty-one million Luxembourg francs (LuxF 51,000,000) to the financing
of the fourth phase of the programme, in the form of six equal annual installments.
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h) The Kingdom of the Netherlands has undertaken, subject to parliamentary approval,
to make a total contribution to the Phase IV Fund in the amount of twenty-seven million
Dutch guilders (ƒ 27,000,000) to meet the cost of expenditures for the carrying out
of the fourth phase of the Programme.
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i) Portugal shall contribute to the Phase IV Fund an annual amount of fifty thousand
United States dollars (US$ 50,000), subject to parliamentary approval.
-
j) The Government of the Kingdom of Saudi Arabia shall extend a grant of fourteen million
United States dollars (US$ 14,000,000) for the fourth phase of the Programme. The
disbursement of the fourth phase grant will commence from 1992 in six equal yearly
installments of two and one-third million United States dollars (US$ 2,333,333) each.
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k) The Swiss Confederation shall contribute to the Phase IV Fund eighteen million Swiss
francs (SwF 18,000,000) in six annual installments of three million Swiss francs (SwF
3,000,000) each. This schedule may be modified by mutual agreement between the Bank
and the Swiss Confederation as necessary to meet the actual disbursement needs of
the Programme.
-
l) The United Kingdom of Great Britain and Northern Ireland shall contribute nine hundred
and fifty thousand pounds sterling (£ 950,000) to the Phase IV Fund for 1992.
-
m) Subject to administrative approval and the availability of funds, the Government of
the United States of America intends to contribute to the Phase IV Fund twenty-one
million United States dollars (US$ 21,000,000) over the period 1992-1997. Depending
upon fund availability, contributions will be made in equal annual installments over
the period.
-
n) The African Development Bank shall contribute three hundred thousand (300,000) Units
of Account per annum to the Phase IV Fund, subject to approval by its Board of Directors.
-
o) The European Economic Communities, represented by the Commission in its capacity of
management of the European Development Fund, envisage to continue their support to
the Phase IV Fund at the same level as the Phase III Fund (ECU 7,000,000) under the
Regional Funds scheme. However, this commitment is subject to the procedures of the
Lome IV Convention, including the request of the African Participating Countries and
the final decisions to be taken by the competent Community bodies. Nonetheless, the
Commission is confident that both the African Participating Countries and the 12 Members
States will share our favorable opinion of the Programme.
-
p) The OPEC Fund has approved the allocation of three hundred thousand United States
dollars (US$ 300,000) to support the fourth phase of the Programme. The funds are
designated to be allocated over a six-year period (1992-1997) in six equal installments.
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q) Under its Fifth Regional Programme for Africa (1992-1996) UNDP shall contribute seven
million five hundred thousand United States dollars (US$ 7,500,000) to the Phase IV
Fund through 1996. UNDP will consider maintaining its contribution at the same annual
level for 1997 under the Sixth Regional Programme for Africa.
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r) In addition to the contribution which it makes to the Programme by providing administrative
and financial services as Executing Agency, WHO intends to contribute to the Phase
IV Fund, subject to the availability of funds, a total of one million five hundred
thousand United States dollars (US$ 1,500,000), in six equal annual installments.
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s) In light of progress achieved in meeting agreed programme objectives and in meeting
complementary funding targets, and subject to the approval of the Executive Directors
of the Bank and/or the Association through the Bank's Annual Budget and Planning Process,
the President of the Bank and the Association has undertaken that the Bank and/or
the Association shall contribute to the Phase IV Fund about fifteen million eight
hundred thousand United States dollars (US$ 15,800,000) which is expected to take
the form of six equal installments of two million six hundred thirty thousand United
States dollars (US$ 2,630,000) each.
Section 3.02.
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a) At the time of the annual meeting of the JPC or promptly thereafter, an understanding
shall be reached between the Bank and each Contributing Party on the amount, if any,
expected to be contributed by it during the following year and on the time or times
at which payment should be made, such understanding to be subject, as necessary, to
the approval of the appropriate legislative authorities.
-
b) The Bank may include in its estimates of the amounts required to be paid in any year
pursuant to this Section such sums as it shall consider necessary or desirable to
establish and maintain a reasonable reserve against an excess of actual expenditures
over the estimates of such expenditures.
Section 3.03.
The Contributing Parties agree to accept the Bank's decisions as to the estimated
requirements of the Phase IV Fund, and of the reserve required, for the purposes of
this Agreement.
Section 3.04.
The Bank shall, with respect to each calendar year in which monies of the Phase IV
Fund remain undisbursed, prepare a statement of contributions to, receipts of, and
disbursements from, the Phase IV Fund and cause such statement to be audited by the
Bank's external auditors. The Bank shall thereafter send to each of the Contributing
Parties a copy of the report of such auditors. The cost of such a statement and report
thereon shall be charged by the Bank to the Phase IV Fund as an operating expense.
The Bank shall waive all other operating expenses of administering the Phase IV Fund.
Section 3.05.
The Bank shall pay to, or on the order of, WHO out of the monies of the Phase IV
Fund amounts for payment to be made by WHO for the Programme in accordance with the
provisions of this Agreement.
Section 3.06.
When WHO shall desire to withdraw any amount from the Phase IV Fund, WHO shall deliver
to the Bank a written application therefor. Except as the Bank and WHO shall otherwise
agree, any such application shall be submitted on a quarterly basis on account of
estimated payments to be made during the following quarter.
Article VI. Additonal Parties and Contributions
Section 6.01.
Any government, institution or entity not a Party to this Agreement, may in accordance
with such arrangements as shall be agreed with the Bank, become a Contributing Party
and shall be bound by this Agreement on the date specified in such arrangements. The
Bank shall promptly after such date notify the other Contributing Parties and WHO.
Section 6.02.
The Bank may receive on behalf of the Phase IV Fund from any government, institution
or entity, not wishing to become a Contributing Party, amounts not provided for herein
to be held and used as part of the Phase IV Fund subject to the provisions hereof,
in accordance with such arrangements, not inconsistent herewith, as the Bank may approve.
Article VII. Notices and requests
Section 7.01.
Any notice or request required or permitted to be given or made under this Agreement
shall be in writing.
Section 7.02.
The following addresses are specified for the purposes of Section 7.01:
For the Government of:
The Kingdom of Belgium:
Administration Générale de la
Coopération au Développement
Ministère des Affaires Etrangères
5 Place du Champ de Mars
1050 Bruxelles, Belgique
Cable address:
AGDC BELEXT
BRUXELLES
Fax:
5190585
The French Republic:
Fonds d'Aide et de Coopération
Ministère de la Coopération du Développement
Direction du Développement
Sous-direction de la Santé et du
Développement Social
20, rue Monsieur
75700 Paris, France
Cable address:
COPCE 202363-F
Fax:
43069740
The Federal Republic of Germany:
Federal Ministry for Economic Cooperation
Karl Marx Strasse 4-6
5300 Bonn 1
Federal Republic of Germany
Fax:
535240
The Italian Republic:
Ministero Affari Esteri
Ufficio Cooperazione Multilaterale
Direczione Cooperazione Allo Sviluppo
Ministero Affari Esteri
Piazzale Delia Fornestina
00100 Roma, Italy
Fax:
369-141-38
Japan:
Multilateral Cooperation Division
Economic Cooperation Bureau
Ministry of Foreign Affairs
2-2-1 Kasumiagaseki
Chiyoda-Ku
Tokyo 103, Japan
FAX:
358-129-19
The State of Kuwait:
Kuwait Fund for Arab Economic
Development
P.O. Box 2921
13030 Safat
Kuwait
Cable address:
ALSUNDUK-KUWAIT
Fax:
965-241-9063
The Grand Duchy of Luxembourg:
Ministère des Affaires Etrangères
6, Rue de la Congrégation
L 1352 Luxembourg
Grand Duchy of Luxembourg
Fax:
22048
The Kingdom of the Netherlands:
Ministery of Foreign Affairs
P.O. Box 20061
2500 EB, The Hague
The Netherlands
Fax:
348-6608
Portugal:
Estrangeiros e da Cooperaçao
Palacio das Necessidades
Largo do Rilvas
1300 Lisboa, Portugal
Fax:
396-3984
The Kingdom of Saudi Arabia:
Ministry of Finance and
National Economy
Riyadh 11177
Kingdom of Saudi Arabia
Telex address:
401021 FINANS SJ
Fax:
4035422
The Swiss Confederation:
Development Cooperation and
Humanitarian Aid
Eigerstrasse 80
CH-3003 Berne
Switzerland
Fax:
459605
The United Kingdom of Great Britain
and Northern Ireland:
Overseas Development Administration
94 Victoria Street
London SW1E5JL
England
Cable address:
MINISTRANT
Fax:
273-0016
The United States of America:
United States Agency for International
Development
State Department
320 21st Street, N.W.
Washington, D.C. 20523
United States of America
Cable address:
USAID
Fax:
647-0148
The African Development Bank:
African Development Bank
B.P. No. 1387
Abidjan, 01
Cote d'Ivoire
Fax:
217-753
The Commission of the European
Economic Communities:
Directorate General for Development
200 Rue de la Loi
B-1049 Brussels, Belgium
Fax:
299-2872
The Organization of Petroleum Exporting
Countries Fund for International
Development:
OPEC Fund for International Development
Box 995
1011 Vienna 1
Austria
Cable address:
OPECFUND
Fax:
513-9238
The United Nations Development
Programme:
One United Nations Plaza
New York, New York 10017
United States of America
Cable address:
UNDEVPRO
New York
Fax:
906-5195
The World Health Organization:
1211 Geneva 27
Switzerland
Cable address:
UNISANTE
Fax:
791-0742
The International Bank for
Reconstruction and Development:
1818 H Street, N.W.
Washington, D.C. 20433
United States of America
Cable address:
INTBAFRAD
Fax:
473-8216
The International Development Association:
1818 H Street, N.W.
Washington, D.C. 20433
United States of America
Cable address:
INDEVAS
Fax:
473-8216