Implementing principles Sample Clauses

Implementing principles. 1. Implementation of the IPARD Programme shall be carried out by the [Candidate Country] on the basis of decentralised management without ex ante controls, whereby the Commission confers the management of the IPARD Programme on the management and control system designated for IPARD, while retaining overall final responsibility for general budget execution in accordance with Article 53c of the Financial Regulation and the relevant provisions of the EC. It shall be implemented in accordance with the provisions laid down in Article 53c of Council Regulation (EC, Euratom) No 1605/2002 of 25 June 200212. 2. The financial year shall be from 1 January to 31 December. 11 Council and Commission Decision No 2004/239/EC, Euratom of 23 February 2004 (OJ L 84, 20.3.2004, p. 0001-0081). 12 OJ L 248, 16.9.2002, p. 1. Regulation as last amended by Regulation (EC, ▇▇▇▇▇▇▇) No 1525/2007 (OJ L 343, 27.12.2007, p. 9).
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Implementing principles. The Parties agree that the implementation of the Project under this Agreement will be guided by the following principles: Implementation will be based on a partnership approach; Partner Government leadership and ownership of the Project is maximised; GOA support is aligned to the Partner Government needs and priorities; Fairness, transparency, openness, accountability and mutual trust in all dealings; A focus on sustainable and equitable development that meets the needs of the Partner Government and beneficiary communities; The strategic orientation of policies and strategies; The effective and efficient use of Project resources; A commitment to joint monitoring and evaluation within an agreed performance assessment framework; Ensuring the pace of implementation is appropriate and responsive to the absorptive capacity of the Partner Government and appropriate capacity building measures are implemented; Be based on the Partner Government’s sectoral policy and plans as detailed in the Socio Economic Development Plan (SEDP) and the Master Plan on Economic Restructuring (MPER) as may be amended from time to time; and The Paris Declaration, Accra Agenda for Action and Busan partnership commitments are reflected in implementation to the maximum extent possible. The overall goal of the Project is to support the Partner Government in achieving its MPER goals of developing a more internationally competitive economy with increased productivity, reduced corruption and accelerated growth in employment and income. The strategic objective of the Project is improved implementation of selected elements of the MPER in line with international economic cooperation agreements, supported by the following key sub-objectives: Improved business-enabling environment with reduced compliance costs, greater transparency, reduced corruption and improved corporate governance (including reforms to enterprise and investment legislation); Strengthened analytical capacity and information base resulting in enhanced implementation of competition policy in line with international good practice (including proposals submitted to the Partner Government on changes in the Competition Law); Concrete actions taken by provincial authorities and other stakeholders in Dong Thap province to restructure rice value chain institutions, with pilot initiatives attracting interest from local and central stakeholders. Ideally, there should also be evidence of more substantive policy debate about the impediment...
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Related to Implementing principles

  • Operating Principles The operations of the Bank shall be conducted in accordance with the principles set out below. 1. The Bank shall be guided by sound banking principles in its operations. 2. The operations of the Bank shall provide principally for the financing of specific projects or specific investment programs, for equity investment, and for technical assistance in accordance with Article 15. 3. The Bank shall not finance any undertaking in the territory of a member if that member objects to such financing. 4. The Bank shall ensure that each of its operations complies with the Bank’s operational and financial policies, including without limitation, policies addressing environmental and social impacts. 5. In considering an application for financing, the Bank shall pay due regard to the ability of the recipient to obtain financing or facilities elsewhere on terms and conditions that the Bank considers reasonable for the recipient, taking into account all pertinent factors. 6. In providing or guaranteeing financing, the Bank shall pay due regard to the prospects that the recipient and guarantor, if any, will be in a position to meet their obligations under the financing contract. 7. In providing or guaranteeing financing, the financial terms, such as rate of interest and other charges and the schedule for repayment of principal shall be such as are, in the opinion of the Bank, appropriate for the financing concerned and the risk to the Bank. 8. The Bank shall place no restriction upon the procurement of goods and services from any country from the proceeds of any financing undertaken in the ordinary or special operations of the Bank. 9. The Bank shall take the necessary measures to ensure that the proceeds of any financing provided, guaranteed or participated in by the Bank are used only for the purposes for which the financing was granted and with due attention to considerations of economy and efficiency. 10. The Bank shall pay due regard to the desirability of avoiding a disproportionate amount of its resources being used for the benefit of any member. 11. The Bank shall seek to maintain reasonable diversification in its investments in equity capital. In its equity investments, the Bank shall not assume responsibility for managing any entity or enterprise in which it has an investment and shall not seek a controlling interest in the entity or enterprise concerned, except where necessary to safeguard the investment of the Bank.

  • Accounting Principles Where the character or amount of any asset or liability or item of income or expense is required to be determined or any consolidation or other accounting computation is required to be made for the purposes of this Agreement, it shall be done, unless otherwise specified herein, in accordance with GAAP.

  • Governing Principles 1. The implementation of this Memorandum of Understanding shall in all aspects be governed by the Regulation and subsequent amendments thereof. 2. The objectives of the EEA Financial Mechanism 2014-2021 shall be pursued in the framework of close co-operation between the Donor States and the Beneficiary State. The Parties agree to apply the highest degree of transparency, accountability and cost efficiency as well as the principles of good governance, partnership and multi-level governance, sustainable development, gender equality and equal opportunities in all implementation phases of the EEA Financial Mechanism 2014-2021. 3. The Beneficiary State shall take proactive steps in order to ensure adherence to these principles at all levels involved in the implementation of the EEA Financial Mechanism 2014-2021. 4. No later than 31/12/2020, the Parties to this Memorandum of Understanding shall review progress in the implementation of this Memorandum of Understanding and thereafter agree on reallocations within and between the programmes, where appropriate. The conclusion of this review shall be taken into account by the National Focal Point when submitting the proposal on the reallocation of the reserve referred to in Article 1.11 of the Regulation.

  • Guiding Principles This Agreement shall create a liberal, facilitative, transparent and competitive investment environment in ASEAN by adhering to the following principles: (a) provide for investment liberalisation, protection, investment promotion and facilitation; (b) progressive liberalisation of investment with a view towards achieving a free and open investment environment in the region; (c) benefit investors and their investments based in ASEAN; (d) maintain and accord preferential treatment among Member States; (e) no back-tracking of commitments made under the AIA Agreement and the ASEAN IGA; (f) grant special and differential treatment and other flexibilities to Member States depending on their level of development and sectoral sensitivities; (g) reciprocal treatment in the enjoyment of concessions among Member States, where appropriate; and (h) accommodate expansion of scope of this Agreement to cover other sectors in the future.

  • Funding Principles A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.