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300-(20)

II SÉRIE-A — NÚMERO 20

Section 5 Project evaluation

In addition to evaluations requested by the Donors CoTrunittee, the Bank shall periodically evaluate the operations it has undertaken under this Agreement and report those evaluations to the Donors Committee.

ARTICLE 5 Accounting and reporting

Section 1

Separation of accounts

The Bank shall keep separate accounts and records of the resources and operations of the Fund, and each of the facilities of the Fund, in such a way as to permit the identification of the assets, liabilities, income, costs and expenses pertaining to the Fund, and each of its facilities, separate and independent of all other operations of the Bank. The accounting system used shall also permit the identification and recording of the origin of the various resources received by virtue of this Agreement and the funds generated by mem, as well as their application to each of the facilities. The books of the Fund shall be kept in dollars of the United States of America, for which purpose translations between currencies shall be made at the rate of exchange in effect and used by the Bank at the time of each transaction.

Section 2 Reporting

a) As long as the present Agreement shall remain in force, the administration of the Bank shall present the following information each year in an annual information statement to the Donors Committee within 90 days after the close of its fiscal year

Q A statement of assets and liabilities of the Fund and each facility, a statement of cumulative receipts and expenditures for die Fund and each facility and a statement of the origin and use of resources of the Fund and each facility, with such explanatory notes as may be pertinent; and

ii) Information on the progress and results of the projects, programs and other operations of each facility and on the status of applications presented to each facility.

b) The statements referred to in paragraph a) of this section shall be prepared according to the accounting principles used by the Bank in its own operations, and shall be presented together with an opinion issued by the same independent firm of public accountants as designated by the board of Governors of the Bank for the auditing of the financial statements of the Bank. The fees of the independent firm of accountants shall be charged to the resources of the Fund.

c) The Bank shall produce an annual report and quarterly reports containing information with respect to the receipts and disbursement of, and balances in, the Fund and each of its facilities.

d) The Donors Committee may also require the Bank, or the firm of public accountants referred to in paragraph b), to provide other reasonable infomation concerning the operations of die Fund and the audit statements presented.

e) The Small Enterprise Investment Fund shall be accounted for separately from other resources of the Fund.

ARTICLE 6 Term of the Agreement

Section 1 Entry into force

This Agreement shall enter into force on the date die Fund Agreement enters into force.

Section 2 Duration

a) This Agreement shall remain in force as long as the Fund Agreement remains in force. On termination of that Agreement, or on termination of this Agreement under section 3 of this article, this Agreement nevertheless shall remain in force until the Bank completes duties relating to the winding up of Fund operations or the settlement of accounts pursuant to article 6, section 4, a), of the Fund Agreement.

b) Prior to the end of the initial ten-year period of die Fund Agreement, the Bank shall consult'with the Donors Committee about the advisability of extending the operation of the Fund or any facility for the renewal period specified in that Agreement.

Section 3

Termination by the Bank

The Bank shall terminate this Agreement in the event that it suspends its own operations under article x of the Charter, or in the event that it terminates its operations under that article of the Charter. The Bank shall terminate this Agreement in the event the Fund Agreement is amended so as to require the Bank, in fulfilling the obligations of this Agreement, to act in contravention of the Charter.

Section 4

Winding up of Fund Operations

On termination of the Fund Agreement or any facility, or the Small Enterprise Investment Fund, the Bank shall cease all operations under this Agreement or the applicable facility or the Small Enterprise Investment Fund except those incident to the orderly realization, conservation and preservation of assets and the settlement of obligations. After all relevant liabilities of the Fund or facility, or the Small Enterprise Investment Fund are discharged or provided for the Bank shall make such allocations or distributions of remaining assets as directed by the Donors Committee under article 5, section 4, of the Fund Agreement.

ARTICLE 7 General provisions

Section 1 Contracts of the Bank

In the contracts it signs in administering the resources of the Fund, the Bank shall indicate clearly that it is acting in mat capacity.