Loan Number 4468 RU
LOAN AGREEMENT
(DEVELOPMENT OF THE STATE STATISTICAL SYSTEM PROJECT)
BETWEEN RUSSIAN FEDERATION AND INTERNATIONAL BANK
FOR RECONSTRUCTION AND DEVELOPMENT
(Washington, 30.XI.1999)
Agreement, dated November 30, 1999, between the Russian
Federation (the Borrower) and the International Bank for
Reconstruction and Development (the Bank).
Whereas (A) the Borrower, having satisfied itself as to the
feasibility and priority of the project described in Schedule 2 to
this Agreement (the Project), has requested the Bank to assist in
the financing of the Project; and
whereas the Bank has agreed, on the basis, inter alia, of the
foregoing, to extend the Loan to the Borrower upon the terms and
conditions set forth in this Agreement;
now therefore the parties hereto hereby agree as follows:
Article I
General Conditions; Definitions
Section 1.01. The "General Conditions Applicable to Loan and
Guarantee Agreements for Single Currency Loans" of the Bank, dated
May 30, 1995 (as amended through December 2, 1997) (the General
Conditions), constitute an integral part of this Agreement.
Section 1.02. Unless the context otherwise requires, the
several terms defined in the General Conditions and in the
Preamble to this Agreement have the respective meanings therein
and herein set forth and the following additional terms have the
following meanings:
(a) "BEA" means the Bureau of Economic Analysis, a legal entity
established in the form of a foundation registered with the
Borrower's Ministry of Justice on August 9, 1996, pursuant to
Ministry of Justice Certificate of Registration No. UR-31, and
supervised by the Board of Trusties, whose members include
representatives of the founders, and the MOF, MOE, Ministry of
Labor, State Committee of Property, and State Committee on
Antimonopoly Activity of the Borrower, or any successor or
successors thereto;
(b) "Coordinating Committee" means a coordinating committee to
be established by the Borrower, and whose members will include
representatives of the MOF, MOE, Goskomstat and State Customs
Committee, and referred to in paragraph 2 of Schedule 5 to this
Agreement, or any successor or successors thereto;
(c) "Goskomstat" means the State Committee of the Russian
Federation on Statistics, or any successor or successors thereto;
(d) "MOE" means the Borrower's Ministry of Economy, or any
successor or successors thereto;
(e) "MOF" means the Borrower's Ministry of Finance, or any
successor or successors thereto;
(f) "Operational Manual" means a manual, satisfactory to the
Bank, to be adopted by the BEA, setting forth procedures and rules
related to Project implementation, as the same may be amended from
time to time;
(g) "PIU" means the Borrower's project implementation unit to
be established and maintained within the BEA, and referred to in
paragraph 4 of Schedule 5 to this Agreement, or any successor or
successors thereto;
(h) "PMR" means a project management report referred to in
Section 4.01 (d)(ii) of this Agreement, and prepared in accordance
with Section 4.02 of this Agreement;
(i) "Project Implementation Agreement" means the agreement
between the Borrower, represented by the MOF and Goskomstat, and
the BEA, referred to in Section 3.02 of this Agreement, as the
same may be amended from time to time, and such term includes all
schedules and agreements to the Project Implementation Agreement;
(j) "Special Account" means the account referred to in Section
2.02 (b) of this Agreement; and
(k) "State Customs Committee" means the Borrower's State
Customs Committee, or any successor or successors thereto.
Section 1.03. Each reference in the General Conditions to the
"Project implementation entity" shall be deemed as a reference to
the BEA.
Article II
The Loan
Section 2.01. The Bank agrees to lend to the Borrower, on the
terms and conditions set forth or referred to in the Loan
Agreement, an amount equal to thirty million Dollars (30,000,000
USD).
Section 2.02. (a) The amount of the Loan may be withdrawn from
the Loan Account in accordance with the provisions of Schedule 1
to this Agreement for expenditures made (or, if the Bank shall so
agree, to be made) in respect of the reasonable cost of goods,
works and services required for the Project described in Schedule
2 to this Agreement and to be financed out of the proceeds of the
Loan.
(b) The Borrower may, for the purposes of the Project, open and
maintain in Dollars a special deposit account (Special Account) in
a commercial bank, acceptable to the Bank, on terms and conditions
satisfactory to the Bank, including appropriate protection against
set-off, seizure and attachment. Deposits into, and payments out
of, the Special Account shall be made in accordance with the
provisions of Schedule 6 to this Agreement.
Section 2.03. The Closing Date shall be June 30, 2004, or such
later date as the Bank shall establish. The Bank shall promptly
notify the Borrower of such later date.
Section 2.04. The Borrower shall pay to the Bank a fee in an
amount equal to one percent (1%) of the amount of the Loan. On or
promptly after the Effective Date, the Bank shall, on behalf of
the Borrower, withdraw from the Loan Account and pay to itself the
amount of the said fee.
Section 2.05. The Borrower shall pay to the Bank a commitment
charge at the rate of three-fourths of one percent (3/4 of 1 %)
per annum on the principal amount of the Loan not withdrawn from
time to time.
Section 2.06. (a) The Borrower shall pay interest on the
principal amount of the Loan withdrawn and outstanding from time
to time, at a rate for each Interest Period equal to LIBOR Base
Rate plus LIBOR Total Spread.
(b) For the purposes of this Section:
(i) "Interest Period" means the initial period from and
including the date of this Agreement to, but excluding, the
first Interest Payment Date occurring thereafter, and after
the initial period, each period from and including an Interest
Payment Date to, but excluding the next following Interest
Payment Date.
(ii) "Interest Payment Date" means any date specified in
Section 2.07 of this Agreement.
(iii) "LIBOR Base Rate" means, for each Interest Period,
the London interbank offered rate for six-month deposits in
Dollars for value the first day of such Interest Period (or,
in the case of the initial Interest Period, for value the
Interest Payment Date occurring on or next preceding the first
day of such Interest Period), as reasonably determined by the
Bank and expressed as a percentage per annum.
(iv) "LIBOR Total Spread" means, for each Interest Period:
(A) three-fourth of one percent (3/4 of 1%);
(B) minus (or plus) the weighted average margin, for
such Interest Period, below (or above) the London
interbank offered rates, or other reference rates, for
six-month deposits, in respect of the Bank's outstanding
borrowings or portions thereof allocated by the Bank to
fund single currency loans or portions thereof made by it
that include the Loan; as reasonably determined by the
Bank and expressed as a percentage per annum.
(c) The Bank shall notify the Borrower of LIBOR Base Rate and
LIBOR Total Spread for each Interest Period, promptly upon the
determination thereof.
(d) Whenever, in light of changes in market practice affecting
the determination of the interest rates referred to in this
Section 2.06, the Bank determines that it is in the interest of
its borrowers as a whole and of the Bank to apply a basis for
determining the interest rates applicable to the Loan other than
as provided in said Section, the Bank may modify the basis for
determining the interest rates applicable to the Loan upon not
less than six (6) months' notice to the Borrower of the new basis.
The basis shall become effective on the expiry of the notice
period unless the Borrower notifies the Bank during said period of
its objection thereto, in which case said modification shall not
apply to the Loan.
Section 2.07. Interest and other charges shall be payable
semiannually in arrears on March 15 and September 15 in each year.
Section 2.08. The Borrower shall repay the principal amount of
the Loan in accordance with the amortization schedule set forth in
Schedule 3 to this Agreement.
Article III
Execution of the Project
Section 3.01. (a) The Borrower declares its commitment to the
objectives of the Project and, to this end, shall carry out the
Project primarily through the Goskomstat and BEA, all with due
diligence and efficiency and in conformity with appropriate
administrative, financial and statistical practices, and shall
provide, promptly as needed, the funds, facilities, services and
other resources required for the Project.
(b) Without limitation upon the provisions of paragraph (a) of
this Section, and except as the Borrower and the Bank shall
otherwise agree, the Borrower shall carry out the Project in
accordance with the Implementation Program set forth in Schedule 5
to this Agreement.
Section 3.02. In order to facilitate the efficient carrying out
of the Project, the Borrower, through the MOF and Goskomstat,
shall enter into a project implementation agreement (Project
Implementation Agreement) with the BEA, under terms and conditions
which shall have been approved by the Bank, and which shall
include, but not be limited to the following:
(a) scope of responsibilities and description of activities to
be carried out by the BEA during the execution of the Project,
consistent with Schedule 5 to this Agreement;
(b) staffing requirements to be fulfilled by the BEA, including
a requirement that the BEA shall establish and maintain during the
execution of the Project a project implementation unit within the
BEA with qualified staff and consultants and other resources, and
under terms of reference satisfactory to the Borrower and the
Bank;
(c) basis of BEA financing related to expenditures incurred by
the BEA in connection with the Project; and
(d) reporting, accounting and auditing requirements.
Section 3.03. Except as the Bank shall otherwise agree,
procurement of the goods, works and consultants' services required
for the Project and to be financed out of the proceeds of the Loan
shall be governed by the provisions of Schedule 4 to this
Agreement.
Section 3.04. For the purposes of Section 9.07 of the General
Conditions and without limitation thereto, the Borrower shall:
(a) prepare, on the basis of guidelines acceptable to the Bank
and furnish to the Bank not later than six (6) months after the
Closing Date or such later date as may be agreed for this purpose
between the Borrower and the Bank, a plan designed to ensure the
continued achievement of the Project's objectives; and
(b) afford the Bank a reasonable opportunity to exchange views
with the Borrower on said plan.
Article IV
Financial Covenants
Section 4.01. (a) The Borrower shall cause the BEA to maintain
a financial management system, including records and accounts, and
prepare financial statements, all in accordance with accounting
standards acceptable to the Bank, consistently applied, adequate
to reflect its operations and financial conditions and to register
separately the operations, resources and expenditures related to
the Project.
(b) The Borrower shall cause the BEA to:
(i) have its records, accounts and financial statements
(balance sheet, statements of sources and uses of funds, and
related statements) for each fiscal year audited, in
accordance with auditing standards acceptable to the Bank,
consistently applied, by independent auditors acceptable to
the Bank;
(ii) furnish to the Bank as soon as available, but in any
case not later than six (6) months after the end of each such
year,
(A) certified copies of the financial statements
referred to in paragraph (a) of this Section for such
year so audited, and
(B) an opinion on such statements, records and
accounts, and report of such audit by said auditors of
such scope and in such detail as the Bank shall have
reasonably requested; and
(iii) furnish to the Bank such other information
concerning such records and accounts, and the audit thereof,
and concerning said auditors, as the Bank shall from time to
time reasonably request.
(c) For all expenditures with respect to which withdrawals from
the Loan Account were made on the basis of statements of
expenditure, the Borrower shall cause the BEA to:
(i) maintain, in accordance with paragraph (a) of this
Section, records and separate accounts reflecting such
expenditures;
(ii) ensure that all records (contracts, orders, invoices,
bills, receipts and other documents) evidencing such
expenditures are retained until at least one (1) year after
the Bank has received the audit report for the fiscal year in
which the last withdrawal from the Loan Account was made; and
(iii) enable the Bank's representatives to examine such
records.
(d) The Borrower shall cause the BEA to:
(i) have the records and accounts referred to in paragraph
(c)(i) of this Section and those for the Special Account for
each fiscal year audited, in accordance with auditing
principles consistently applied, by independent auditors
acceptable to the Bank;
(ii) furnish to the Bank as soon as available, but in any
case not later than six (6) months after the end of each such
year the report of such audit by said auditors, of such scope
and in such detail as the Bank shall have reasonably
requested, including a separate opinion by said auditors on
the project management reports (PMRs) submitted during such
fiscal year, and as to whether the statements of expenditure
submitted during such fiscal year, together with the
procedures and internal controls involved in their
preparation, can be relied upon to support the related
withdrawals; and
(iii) furnish to the Bank such other information
concerning such records and accounts, and the audit thereof as
the Bank shall from time to time reasonably request.
Section 4.02. The Borrower shall cause the BEA to prepare, in
accordance with guidelines acceptable to the Bank, and furnish to
the Bank not later than forty five (45) days after the end of each
calendar quarter, a PMR for such period, which:
(a) (i) sets forth actual sources and uses of funds for
the Project, both cumulatively and for the period covered by
said report, and projected sources and applications of funds
for the Project for the six-month period following the period
covered by said report, and
(ii) shows separately expenditures financed out of the
proceeds of the Loan during the period covered by said report
and expenditures proposed to be financed out of the proceeds
of the Loan during the six-month period following the period
covered by said report;
(b) (i) describes physical progress in Project
implementation, both cumulatively and for the period covered
by said report, and
(ii) explains variances between the actual and previously
forecast implementation targets; and
(c) sets forth the status of procurement under the Project and
expenditures under contracts financed out of the proceeds of the
Loan, as at the end of the period covered by said report.
Article V
Remedies of the Bank
Section 5.01. Pursuant to Section 6.02 (p) of the General
Conditions, the following additional events are specified:
(a) the Project Implementation Agreement shall have been
amended, suspended, abrogated, repealed or waived so as to affect
materially and adversely the ability of the BEA to carry out the
Project; and
(b) the BEA shall have failed to perform any of its obligations
under the Project Implementation Agreement.
Section 5.02. Pursuant to Section 7.01 (k) of the General
Conditions, the following additional events are specified, namely
the events specified in Section 5.01 of this Agreement shall occur
and shall continue for a period of sixty (60) days after notice
thereof shall have been given by the Bank to the Borrower.
Article VI
Effective Date; Termination
Section 6.01. The following events are specified as additional
conditions to the effectiveness of the Loan Agreement within the
meaning of Section 12.01 (c) of the General Conditions:
(a) the BEA has adopted the Operational Manual and established
the PIU with essential qualified staff and consultants and other
resources, and under terms of reference satisfactory to the Bank;
(b) the Project Implementation Agreement has been executed on
behalf of the Borrower and BEA;
(c) the Coordinating Committee has been established; and
(d) the auditors referred to in Section 4.01 (b)(i) of this
Agreement have been appointed.
Section 6.02. The date ninety (90) days after the date of this
Agreement is hereby specified for the purposes of Section 12.04 of
the General Conditions.
Article VII
Representative of the Borrower; Addresses
Section 7.01. The Minister of Finance or Deputy Minister of
Finance of the Borrower is designated as representative of the
Borrower for the purposes of Section 11.03 of the General
Conditions.
Section 7.02. The following addresses are specified for the
purposes of Section 11.01 of the General Conditions:
For the Borrower:
Ministry of Finance
Ilyinka Street 9
103097 Moscow
Russian Federation Telex:
112008
For the Bank:
International Bank
for Reconstruction and Development
1818 H Street, N.W.
Washington, D.C. 20433
United States of America
Cable address: Telex:
INTBAFRAD 248423 (MCI) or
Washington, D.C. 64145 (MCI)
In witness whereof, the parties hereto, acting through their
duly authorized representatives, have caused this Agreement to be
signed in their respective names in the District of Columbia,
United States of America, as of the day and year first above
written.
SCHEDULE 1
WITHDRAWAL OF THE PROCEEDS OF THE LOAN
1. The table below sets forth the Categories of items to be
financed out of the proceeds of the Loan, the allocation of the
amounts of the Loan to each Category and the percentage of
expenditures for items so to be financed in each Category:
---------------------------T--------------T----------------------¬
¦ Category ¦Amount of the ¦ % of ¦
¦ ¦Loan Allocated¦ Expenditures ¦
¦ ¦(Expressed in ¦ to be Financed ¦
¦ ¦ Dollars) ¦ ¦
+--------------------------+--------------+----------------------+
¦(1) Consultants' services,¦ 8,628,000 ¦100% ¦
¦ including training ¦ ¦ ¦
¦(2) Goods ¦ 18,910,000 ¦100% of foreign ¦
¦ ¦ ¦expenditures, 100% of ¦
¦ ¦ ¦local expenditures ¦
¦ ¦ ¦(ex-factory cost); ¦
¦ ¦ ¦and 80% of local ¦
¦ ¦ ¦expenditures for ¦
¦ ¦ ¦other items procured ¦
¦ ¦ ¦locally ¦
¦(3) Works ¦ 384,000 ¦100% ¦
¦(4) Incremental Operating ¦ 1,700,000 ¦100% until the ¦
¦ Costs ¦ ¦aggregate amount ¦
¦ ¦ ¦disbursed from this ¦
¦ ¦ ¦Category is equal to ¦
¦ ¦ ¦950,000 USD, 85% ¦
¦ ¦ ¦until the aggregate ¦
¦ ¦ ¦amount disbursed from ¦
¦ ¦ ¦this Category is equal¦
¦ ¦ ¦to 1,400,000 USD, and ¦
¦ ¦ ¦45% until the ¦
¦ ¦ ¦aggregate amount ¦
¦ ¦ ¦disbursed from this ¦
¦ ¦ ¦Category is equal to ¦
¦ ¦ ¦1,700,000 USD ¦
¦(5) Fee ¦ 300,000 ¦Amount due pursuant to¦
¦ ¦ ¦Section 2.04 of this ¦
¦ ¦ ¦Agreement ¦
¦(6) Unallocated ¦ 78,000 ¦ ¦
¦ TOTAL ¦ 30,000,000 ¦ ¦
L--------------------------+--------------+-----------------------
2. For the purposes of this Schedule:
(a) the term "foreign expenditures" means expenditures in the
currency of any country other than that of the Borrower for goods
supplied from the territory of any country other than that of the
Borrower;
(b) the term "local expenditures" means expenditures in the
currency of the Borrower or for goods supplied from the territory
of the Borrower.
(c) the term "Incremental Operating Costs" means expenses
incurred by the BEA on account of Project implementation,
management and monitoring, including office goods and supplies,
rent, utilities, communication, transportation, travel, PIU
consultants services, Project-related auditing services, and
supervision costs; and
(d) the term "training" means fees charged by educational or
other institutions and organizations that provide training
services, and related travel expenditures, and boarding, lodging
and per diem allowances.
3. Notwithstanding the provisions of paragraph 1 above, no
withdrawals shall be made in respect of payments made for
expenditures prior to the date of this Agreement.
4. The Bank may require withdrawals from the Loan Account to be
made on the basis of statements of expenditure for expenditures
for:
(a) goods, under contracts costing less than 50,000 USD
equivalent each;
(b) services provided by firms, under contracts costing less
than 50,000 USD equivalent each, services provided by individuals,
under contracts costing less than 20,000 USD equivalent each, and
expenditures related to training and costing less than 20,000 USD
each; and
(c) incremental operating costs, under contracts costing less
than 50,000 USD equivalent each, all under such terms and
conditions as the Bank shall specify by notice to the Borrower.
SCHEDULE 2
DESCRIPTION OF THE PROJECT
The objectives of the Project are to continue the
organizational changes at the Goskomstat headquarters and certain
regions, improve data collection and processing system, start a
large scale training effort and initiate needed changes in other
data collection agencies.
The Project consists of the following parts, subject to such
modifications thereof as the Borrower and the Bank may agree upon
from time to rime to achieve such objectives:
Part A
Institutional Strengthening of Goskomstat
Improvement of organization, management strategy and planning
capacity of Goskomstat, fostering knowledge of statistical
standards and methodologies of Goskomstat staff, strengthening the
statistical infrastructure of Goskomstat, and improvement in the
methods and procedures for collection, processing and
dissemination of data by Goskomstat, through the financing of
goods, works and services.
Part B
Institutional Strengthening of and Technical Assistance
to Other Data Collection Agencies
Rationalization of the data flow between the Borrower's data
collection agencies, including the MOF, MOE, State Customs
Committee, and the Central Bank of the Borrower, strengthening of
their capacity to collect, estimate and disseminate information on
foreign trade, non-banking financial institutions and vital
statistics, and improvement of their capacity to utilize
statistical information to forecast economic developments, through
the financing of goods and services.
Part C
Project Management
Assistance in the management and implementation of the Project,
including institutional strengthening of the PIU, design and
implementation of system of financial management and accounting,
preparation of the accounts and financial statements referred to
in Section 4.01 of this Agreement, and audit of the accounts and
financial statements referred to above, through the financing of
incremental operating costs of the BEA, including external
auditing services, and services and works.
* * *
The Project is expected to be completed by December 31, 2003.
SCHEDULE 3
AMORTIZATION SCHEDULE
-----------------------------------T-----------------------------¬
¦ Date Payment Due ¦ Payment of Principal ¦
¦ ¦ (Expressed in Dollars) <*> ¦
+----------------------------------+-----------------------------¦
¦On each March 15 and September 15 ¦ ¦
¦ ¦ ¦
¦ beginning September 15, 2004 ¦ ¦
¦ through March 15, 2016 ¦ 1,250,000 ¦
L----------------------------------+------------------------------
--------------------------------
<*> The figures in this column represent the amount in Dollars
to be repaid, except as provided in Sections 4.04 (d) of the
General Conditions.
SCHEDULE 4
PROCUREMENT AND CONSULTANTS' SERVICES
Section I. PROCUREMENT OF GOODS AND WORKS
Part A
General
Goods and works shall be procured in accordance with the
provisions of Section I of the "Guidelines for Procurement under
IBRD Loans and IDA Credits" published by the Bank in January 1995,
and revised in January and August 1996, September 1997, and
January 1999 (the Guidelines) and the following provisions of this
Section.
Part B
International Competitive Bidding
1. Except as otherwise provided in Part C of this Section,
goods shall be procured under contracts awarded in accordance with
the provisions of Section II of the Guidelines and paragraph 5 of
Appendix 1 thereto.
2. The following provision shall apply to goods to be procured
under contracts awarded in accordance with the provisions of
paragraph 1 of this Part B.
Preference for domestically manufactured goods
The provisions of paragraphs 2.54 and 2.55 of the Guidelines
and Appendix 2 thereto shall apply to goods manufactured in the
territory of the Borrower.
Part C
Other Procurement Procedures
1. National Competitive Bidding
Works estimated to cost less than 200,000 USD equivalent per
contract, up to an aggregate amount not to exceed 384,000 USD
equivalent, may be procured under contracts awarded in accordance
with the provisions of paragraphs 3.3 and 3.4 of the Guidelines.
2. International Shopping
Goods up to an aggregate amount not to exceed 170,000 USD
equivalent, may be procured under contracts awarded on the basis
of international shopping procedures in accordance with the
provisions of paragraphs 3.5 and 3.6 of the Guidelines.
3. National Shopping
Goods estimated to cost less than 50,000 USD equivalent per
contract, up to an aggregate amount not to exceed 100,000 USD, may
be procured under contracts awarded on the basis of national
shopping procedures in accordance with the provisions of
paragraphs 3.5 and 3.6 of the Guidelines.
Part D
Review by the Bank of Procurement Decisions
1. Procurement Planning
Prior to the issuance of any invitations to bid for contracts,
the proposed procurement plan for the Project shall be furnished
to the Bank for its review and approval, in accordance with the
provisions of paragraph 1 of Appendix 1 to the Guidelines.
Procurement of all goods and works shall be undertaken in
accordance with such procurement plan as shall have been approved
by the Bank, and with the provisions of said paragraph 1.
2. Prior Review
With respect to each contract procured under Parts B and C.1
hereof, and contracts procured under Part C.2 and Part C.3 hereof
and estimated to cost more than 550,000 equivalent, the procedures
set forth in paragraphs 2 and 3 of Appendix 1 to the Guidelines
shall apply.
3. Post Review
With respect to each contract not governed by paragraph 2 of
this Part, the procedures set forth in paragraph 4 of Appendix 1
to the Guidelines shall apply.
Section II. EMPLOYMENT OF CONSULTANTS
Part A
General
Consultants' services shall be procured in accordance with the
provisions of the Introduction and Section IV of the "Guidelines:
Selection and Employment of Consultants by World Bank Borrowers"
published by the Bank in January 1997, and revised in September
1997 and January 1999 (the Consultant-Guidelines), and the
following provisions of Section II of this Schedule.
Part B
Quality- and Cost-based Selection
Except as otherwise provided in Part С of this Section,
consultants' services shall be procured under contracts awarded in
accordance with the provisions of Section II of the Consultant
Guidelines, paragraph 3 of Appendix 1 thereto, Appendix 2 thereto,
and the provisions of paragraphs 3.13 through 3.18 thereof
applicable to quality- and cost-based selection of consultants.
Part C
Other Procedures for the Selection of Consultants
1. Selection Under a Fixed Budget
Services for under Parts A and В of the Project, up to an
aggregate amount of 4,700,000 USD, may be procured under contracts
awarded in accordance with the provisions of paragraphs 3.1 and
3.5 of the Consultant Guidelines.
2. Least-Cost Selection
Services up to an aggregate amount of 1,900,000 USD, may be
procured under contracts awarded in accordance with the provisions
of paragraphs 3.1 and 3.6 of the Consultant Guidelines.
3. Selection Based on Consultants' Qualifications
Services up to an aggregate amount of 300,000 USD may be
procured under contracts awarded in accordance with the provisions
of paragraphs 3.1 and 3.7 of the Consultant Guidelines.
4. Individual Consultants
Services for tasks that meet the requirements set forth in
paragraph 5.01 of the Consultant Guidelines shall be procured
under contracts awarded to individual consultants in accordance
with the provisions of paragraphs 5.1 through 5.3 of the
Consultant Guidelines.
Part D
Review by the Bank of the Selection of Consultants
1. Selection Planning
Prior to the issuance to consultants of any requests for
proposals, the proposed plan for the selection of consultants
under the Project shall be furnished to the Bank for its review
and approval, in accordance with the provisions of paragraph 1 of
Appendix 1 to the Consultant Guidelines. Selection of all
consultants' services shall be undertaken in accordance with such
selection plan as shall have been approved by the Bank, and with
the provisions of said paragraph 1.
2. Prior Review
(a) With respect to each contract for the employment of
consulting firms, estimated to cost the equivalent of 50,000 USD
or more, the procedures set forth in paragraphs 1, 2 (other than
the third subparagraph of paragraph 2 (a)) and 5 of Appendix 1 to
the Consultant Guidelines shall apply.
(b) With respect to each contract for the employment of
individual consultants estimated to cost the equivalent of 20,000
USD or more, the qualifications, experience, terms of reference
and terms of employment of the consultants shall be furnished to
the Bank for its prior review and approval. The contract shall be
awarded only after said approval shall have been given.
3. Post Review
With respect to each contract not governed by paragraph 2 of
this Part, the procedures set forth in paragraph 4 of Appendix 1
to the Consultant Guidelines shall apply.
SCHEDULE 5
IMPLEMENTATION PROGRAM
The Borrower shall:
(a) develop, adopt and maintain policies and procedures
adequate to enable it to monitor and evaluate on an ongoing basis,
in accordance with the indicators set forth in the Annex to this
Угиедхме 5, the carrying out of the Project and the achievement of
the objectives thereof;
(b) prepare, under terms of reference satisfactory to the Bank,
and furnish to the Bank, on or about November 30, 2001, a report
integrating the results of the monitoring and evaluation
activities performed pursuant to paragraph (a) of this Section, on
the progress achieved in the carrying out of the Project during
the period preceding the date of said report and setting out the
measures recommended to ensure the efficient carrying out of the
Project and the Program and the achievement of the objectives
thereof during the period following such date; and
(c) review with the Bank, by December 31, 2001, or such later
date as the Bank shall request, the report referred to in
subparagraph (b) of this paragraph, and, thereafter, take all
measures required to ensure the efficient completion of the
Project and the achievement of the objectives thereof, based on
the conclusions and recommendations of the said report and the
Bank views on the matter.
2. Coordinating Committee. The Coordinating Committee shall be
responsible for the overall direction and strategic oversight of
the Project, and approval of annual plans and program of work
related to Project implementation.
3. Goskomstat. Goskomstat shall be responsible for monitoring
the carrying out of the Project and the achievement of the
objectives thereof, conceptual and methodological activities
related thereto, and implementation of specific activities under
Part A of the Project and, jointly with other data collection
agencies of the Borrower, Part В of the Project.
4. BEA/PIU. The Borrower shall ensure that, until the
completion of the Project, the BEA maintains the PIU which at all
times functions in a manner, and with staff, consultants,
facilities and other resources necessary for the Project and
satisfactory to the Bank. The Borrower shall ensure that the BEA
shall be responsible for day-to-day technical implementation of
the Project, including financial management, procurement,
disbursement, engagement of outside auditors and preparation of
appropriate auditing reports and their dissemination to relevant
agencies of the Borrower and to the Bank, and preparation of
progress reports and annual reports in respect of or related to
the Project, and shall assist Goskomstat in the overall
coordination of the Project activities.
Annex
PROJECT MONITORING AND EVALUATION INDICATORS
Part A of the Project
Law on statistics is adopted
Coordinating Committee and National Statistical Advisory Board
are established
Federal Statistical Office is restructured
Goskomstat personnel database is established
Training of Goskomstat staff assessment and plan is completed
Goskomstat headquarters and regional staff training proceed
according to the plan
Computerized training facilities for Goskomstat is established
Business register is updated in a timely manner and is fully
operational in the local area network (LAN) environment
Sample survey design process is developed and adopted
Master sampling scheme is developed
Statistical packages is procured and installed
Master program for data collection is developed and approved
Survey on sample updating is completed and recommendations are
implemented
Data-collection review is finished
Questionnaire review is completed
Computer equipment for the regional processing centers and
headquarters is procured
Training in utilization of computer equipment is provided
Goskomstat publishing activities are modernized
Training in data dissemination is completed
Part В of the Project
Economic and functional classification of government accounts
is consolidated and enhanced
The sequence of accounts of the United Nations System of
National Accounts of the general government sector is developed
Mechanism to collect statistics on non-banking financial
enterprises is established
Customs-based foreign trade statistics is improved and
accessible on-line
System to collect and process data on foreign trade in services
is established and operational
Computer equipment and software for the economic forecasting is
procured and staff trained
Forecasting models appropriate to Russian economy are developed
Part C of the Project
PIU is established, properly staffed and staff trained.
SCHEDULE 6
SPECIAL ACCOUNT
1. For the purposes of this Schedule:
(a) the term "eligible Categories" means Categories (1), (2),
(3) and (4) set forth in the table in paragraph 1 of Schedule 1 to
this Agreement;
(b) the term "eligible expenditures" means expenditures in
respect of the reasonable cost of goods, services, works and
incremental operating costs required for the Project and to be
financed out of the proceeds of the Loan allocated from time to
time to the eligible Categories in accordance with the provisions
of Schedule 1 to this Agreement; and
(c) the term "Authorized Allocation" means an amount equivalent
to 1,000,000 USD to be withdrawn from the Loan Account and
deposited into the Special Account pursuant to paragraph 3 (a) of
фийу Schedule, provided, however, that unless the Bank shall
otherwise agree, the Authorized Allocation shall be limited to an
amount equivalent to 500,000 USD until the aggregate amount of
withdrawals from the Loan Account plus the total amount of all
outstanding special commitments entered into by the Bank pursuant
to Section 5.02 of the General Conditions shall be equal to or
exceed the equivalent of 3,000,000 USD.
2. Payments out of the Special Account shall be made
exclusively for eligible expenditures in accordance with the
provisions of this Schedule.
3. After the Bank has received evidence acceptable to it that
the Special Account has been duly opened, withdrawals of the
Authorized Allocation and subsequent withdrawals to replenish the
Special Account shall be made as follows:
(a) For withdrawals of the Authorized Allocation, the Borrower
shall furnish to the Bank a request or requests for deposit into
the Special Account of an amount or amounts which do not exceed
the aggregate amount of the Authorized Allocation. On the basis of
such request or requests, the Bank shall, on behalf of the
Borrower, withdraw from the Loan Account and deposit into the
Special Account such amount or amounts as the Borrower shall have
requested.
(b) (i) For replenishment of the Special Account, the
Borrower shall furnish to the Bank requests for deposits into
the Special Account at such intervals as the Bank shall
specify.
(ii) Prior to or at the time of each such request, the
Borrower shall furnish to the Bank the documents and other
evidence required pursuant to paragraph 4 of this Schedule for
the payment or payments in respect of which replenishment is
requested. On the basis of each such request, the Bank shall,
on behalf of the Borrower, withdraw from the Loan Account and
deposit into the Special Account such amount as the Borrower
shall have requested and as shall have been shown by said
documents and other evidence to have been paid out of the
Special Account for eligible expenditures. All such deposits
shall be withdrawn by the Bank from the Loan Account under the
respective eligible Categories, and in the respective
equivalent amounts, as shall have been justified by said
documents and other evidence.
4. For each payment made by the Borrower out of the Special
Account, the Borrower shall, at such time as the Bank shall
reasonably request, furnish to the Bank such documents and other
evidence showing that such payment was made exclusively for
eligible expenditures.
5. Notwithstanding the provisions of paragraph 3 of this
Schedule, the Bank shall not be required to make further deposits
into the Special Account:
(a) if, at any time, the Bank shall have determined that all
further withdrawals should be made by the Borrower directly from
the Loan Account in accordance with the provisions of Article V of
the General Conditions and paragraph (a) of Section 2.02 of this
Agreement;
(b) if the Borrower shall have failed to furnish to the Bank,
within the period of time specified in Section 4.01 (b)(ii) of
this Agreement, any of the audit reports required to be furnished
to the Bank pursuant to said Section in respect of the audit of
the records and accounts for the Special Account;
(c) if, at any time, the Bank shall have notified the Borrower
of its intention to suspend in whole or in part the right of the
Borrower to make withdrawals from the Loan Account pursuant to the
provisions of Section 6.02 of the General Conditions; or
(d) once the total unwithdrawn amount of the Loan allocated to
the eligible Categories, minus the total amount of all outstanding
special commitments entered into by the Bank pursuant to Section
5.02 of the General Conditions with respect to the Project, shall
equal the equivalent of twice the amount of the Authorized
Allocation. Thereafter, withdrawal from the Loan Account of the
remaining unwithdrawn amount of the Loan allocated to the eligible
Categories shall follow such procedures as the Bank shall specify
by notice to the Borrower. Such further withdrawals shall be made
only after and to the extent that the Bank shall have been
satisfied that all such amounts remaining on deposit in the
Special Account as of the date of such notice will be utilized in
making payments for eligible expenditures.
6. (a) If the Bank shall have determined at any time that any
payment out of the Special Account:
(i) was made for an expenditure or in an amount not
eligible pursuant to paragraph 2 of this Schedule; or
(ii) was not justified by the evidence furnished to the
Bank, the Borrower shall, promptly upon notice from the Bank:
(A) provide such additional evidence as the Bank may
request; or
(B) deposit into the Special Account (or, if the Bank
shall so request, refund to the Bank) an amount equal to
the amount of such payment or the portion thereof not so
eligible or justified. Unless the Bank shall otherwise
agree, no further deposit by the Bank into the Special
Account shall be made until the Borrower has provided
such evidence or made such deposit or refund, as the case
may be.
(b) If the Bank shall have determined at any time that any
amount outstanding in the Special Account will not be required to
cover further payments for eligible expenditures, the Borrower
shall, promptly upon notice from the Bank, refund to the Bank such
outstanding amount.
(c) The Borrower may, upon notice to the Bank, refund to the
Bank all or any portion of the funds on deposit in the Special
Account.
(d) Refunds to the Bank made pursuant to paragraphs 6 (a), (b)
and (c) of this Schedule shall be credited to the Loan Account for
subsequent withdrawal or for cancellation in accordance with the
relevant provisions of this Agreement, including the General
Conditions.
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