special report respect bilater financi technic cooper member mediterranean countri commiss repli submit pursuant articl paragraph indent ec treati content paragraph pagereferencegener introduct background audit approach adopt scope audit protocol system gener present special featur fourth protocol implement protocol progress protocol utilis appropri decemb budgetari present legal commun law conclus system protocol oper manag directli commiss manag monitor instrument financ agreement inform technolog organis resourc depart involv consequ implement project schedul complet project financi manag monitor project evalu extern audit amend initi decis servic provid technic assist unit manag respons project result obtain observ respect account financ result record surviv project conclus respect manag project manag oper administ eib behalf commiss audit oper gener present audit system risk capit manag purpos risk capit condit elig descript manag system court observ conclus audit manag interest rate subsidi introduct audit find observ relat manag interest rate subsidi gener conclus consider relat system protocol consider relat commiss system manag consider relat oper manag eib behalf commiss commiss repli gener introduct background audit report concern implement protocol tradit instrument cooper member mediterranean countri nmc concern manag fourth protocol continu court special report manag seri protocol report part court audit mediterranean polici nmp complement structur adjust support measur decentralis cooper med programm report time nmp dimens council adopt regul ec juli relat financi technic measur support reform econom social structur framework euro mediterranean partnership meda ultim intend provid framework aid nmc set indic amount mio ecu period refer period implement protocol pursu parallel appropri earmark purpos court work concern exclus measur fund budgetari appropri benefit maghreb mashreq countri includ oper benefit risk capit manag european invest bank eib commiss behalf gave rise budgetari financ form interest rate subsidi loan grant bank resourc addit conclus applic protocol report set highlight structur problem affect manag cooper nmc includ cooper fall meda arrang approach adopt scope audit court audit includ analysi system protocol commiss manag respect specif system set plan aid post evalu project includ procedur select technic assist examin servic technic assist audit involv visit countri egypt jordan morocco tunisia connect detail audit carri sampl project shown summari form tabl tabl sampl summari project gt tabl gt gt tabl gt gt tabl gt gt tabl gt report consist part introduc system protocol includ observ aris court examin model cooper creat system protocol devot oper manag directli commiss final deal oper manag mandat eib protocol system gener present protocol bilater agreement articl ec treati initi form legal framework financi technic cooper european commun nmc period year approach cooper characteris level organis fund project requir sign specif financ agreement protocol adopt budget sourc appropri depend gener budget commun eib resourc natur financ refund aid risk capit loan total aid budget made countri question amount mio ecu amount mio ecu financ eib resourc mio ecu gener budget mio ecu grant mio ecu form risk capit tabl give breakdown distribut countri concern seri protocol sum amount mio ecu mio ecu commun budget mio ecu eib resourc budget fourth protocol gt tabl gt gt tabl gt budgetari resourc fourth protocol higher appropri made risk capit rose mio ecu mio ecu increas underlin import euro mediterranean partner attach futur assist privat sector special featur fourth protocol main featur fourth protocol comparison consist precis definit specif object introduct indic plan posit apprais court special report articl fourth protocol defin gener cooper object indic plan jointli prepar signatori eib defin specif object quantifi aid prioriti sector activ field protocol case identifi project undertaken examin project implement protocol show gener speak indic plan adher area intervent concern commun intervent protocol show greater cohes previou seri contrast previou protocol fourth protocol provid respect nmc cover audit special loan grant budgetari resourc articl fourth protocol mention mio ecu made addit budget adopt protocol order financ project support econom reform undertaken part structur adjust programm amount allot priori bilater basi aid commit macro econom consider ec anticip fourth protocol think meda regul concern found indic programm sign morocco egypt jordan reserv reimburs aid budget oper implement protocol progress protocol theori smooth progress seri protocol practic seri run concurr countri cover audit situat explain hand accumul delai due slow process negoti ratif protocol combin delai ensu overestim absorpt capac recipi countri hand possibl contain protocol sought residu fund end period applic exhaust frequent fund inconsider amount decemb commit deadlin stipul text protocol amount commit total mio ecu budget percentag tabl show conceal great differ maghreb mashreq countri account residu situat attribut polit reason case lebanon syria technic administr reason case egypt gt tabl gt utilis appropri decemb tabl show project financ seri protocol close decemb cumul total appropri project date mio ecu note financi year oper commit total mio ecu protocol breakdown remain commit balanc gt tabl gt gt tabl gt tabl break utilis commit payment appropri year countri fourth protocol decemb mio ecu appropri made protocol commit paid level utilis appropri made final seri protocol natur lower mio ecu commit appropri payment appropri case payment effect correspond main financ structur adjust support measur gt tabl gt budgetari present budgetari appropri made head includ amount agre fourth protocol addit appropri structur adjust support programm fourth protocol refer interest greater clariti budget implement prefer appli principl specif appropri rigor enter protocol budget addit amount involv structur adjust support measur separ head legal commun law special report court point council regul refer explicitli recit protocol repli commiss acknowledg pertin observ court note regul eec applic protocol conclud commun nmc financi technic cooper adopt council june council decis extend valid regul seri protocol implement absenc legal base situat consequ decis make arrang interest rate subsidi protocol opinion court argu procedur contain propos regul unsatisfactori safeguard prerog author respons implement budget give commiss power decid favour grant interest rate subsidi loan award eib observ account council regul ec adopt account council regul ec step ensur proper legal base implement protocol power commiss decid interest rate subsidi correctli set regul unsatisfactori decis rule continu year unlik regul adopt procedur laid articl ec treati requir prior opinion court auditor regul adopt accord procedur ident natur similarli adopt council regul ec meda follow procedur set articl ec treati regul comment provis execut budget financi natur justifi request court opinion prior adopt conclus system protocol court observ system protocol contain special report part relev slow process negoti conclus protocol absenc procedur closur protocol consequ lead simultan implement seri protocol neg consequ inflex framework protocol fix guarante amount recipi countri object set protocol precis protocol natur project measur financ defin indic plan drawn framework implement fourth protocol allow greater consider prioriti set nmc plan nation level spite improv introduc protocol inabl major nmc absorb sum involv reason amount time led european legislatur flexibl approach meda regul system contrast system protocol nmc longer dispos guarante amount aid conclud year indic programm commun base individu capac absorb appropri precis financi commit legal provis protocol concern protocol implement absenc adequ legal base council regul ec adopt preliminari consult court auditor legisl requir stipul articl ec treati oper manag directli commiss section report kei find present instrument resourc commiss manag monitor project weak identifi explain problem difficulti encount implement project level commiss project manag spot manag monitor instrument financ agreement context oper examin court financ agreement fa basic document implement project formalis culmin preparatori phase import determin point agreement constitut legal act set oblig signatori manag instrument agreement thing specifi object achiev project manag structur describ implement procedur specifi procedur monitor oper evalu result financi level agreement fix project budget defin appropri alloc identifi expenditur head previou report court point consider weak financ agreement drawn commiss weak confirm audit examin agreement shown fact gener specif object project set achiev defin quantifi expect result achiev mean made defin suffici consequ final evalu project success made difficult descript structur manag bodi definit role respons includ technic assist unit perfunctori weak subsequ lead conflict bodi respons addit agreement precis matter manag oblig draw work schedul annual budget implement report agreement examin automat oblig carri evalu implement regular extern audit post evalu text permit clear distinct contribut made author recipi countri term financ term human materi resourc made project order complet rang customari arbitr possibl court view financ agreement claus state consequ signatori default commit commiss undertook introduc method manag cycl project call project cycl manag approach greater control manag stage project preparatori phase post evalu approach case project protocol introduc drawn systemat fashion project financ framework fourth protocol inform technolog special report lack adequ system account manag protocol highlight situat improv inadequ link commiss financi account sincom ola budget rap applic develop hous dg project financi manag data project protocol rap suffer number weak reduc tool manag control purpos conceptu weak includ difficulti account project currenc singl project financ protocol necess account separ financ compon practic level lack automat link financi account system rap mean rap databas promptli updat made system quantiti qualiti data load deleg vari consider defici system limit manag tool confirm user deleg result monitor manag capac commiss deleg reduc system mi intend provid servic power tool project monitor control instal simplifi version organis resourc depart involv prepar implement monitor project financ framework protocol task geograph unit technic unit mediterranean director financi unit dg ib deleg set commiss recipi nmc particip activ administr project divis respons geograph unit technic unit mediterranean director set intern document vari project approach favour flexibl creat uncertainti respect respons unit manag project distribut task commiss central depart deleg dg ib intern document juli basic document attribut decis make power advisori role polici select project deleg basi instruct headquart negoti condit implement project local author logic underli document centralist central depart retain power decis realiti control carri show deleg accept alter consider fa term paragraph addit frequent made written support document justif examin whilst deleg relev request amend enter administr project present time document authoris make decis signatori document empow amend deleg compet commiss decid give deleg power subject provid written justif commission respons examin decis deleg increasingli term appreci increas workload due increasingli polit role develop econom commerci activ task involv represent suppli inform resourc present respect number qualif staff deleg cope extra work neglect task relat financi technic cooper commiss undertaken review develop manag extern servic led approv document subject april document express determin increas human resourc improv work method order make resourc document mark awar necess decentralis acknowledg remain remov weak note complement definit power deleg procedur implement power consequ implement project court audit identifi seri delai implement project inadequ expertis financi manag monitor project major amend term fa mere assent deleg central depart discov schedul complet project tabl show sixteen project audit period time requir sign fa decis commiss month period year longer extrem case month month addit case project extra year eighteen month select technic assist unit send suppli due grow difficulti part commiss depart organis tender procedur accept time limit tabl period time requir sign financ agreement gt tabl gt gt tabl gt gt tabl gt gt tabl gt extern factor gulf crisi explain part delai princip caus commiss difficulti manag effici manner stage launch numer project audit conduct show frequent delai poor qualiti fa inadequ grasp public tender procedur project involv loan oper benefit small medium size agricultur enterpris tunisia sem began delai year due imprecis fa respect procedur releas fund rate exchang appli constitut counterpart fund provis intervent nation account offic condit regul bank account interest yield project jordan suffer delai time requir commiss conclud technic assist contract case econom geologi project sem acquir laboratori equip implement cooper project scienc technolog sem delai launch project increas cost affect result gener speak result failur meet deadlin implement financi agreement project sampl morocco construct cost increas mio ecu total mio ecu project involv improv educ system sem work initi plan project rehabilit protect irrig area ouarzaz la moulouya region sem partial complet addit framework implement project develop train structur leather textil industri morocco sem contract cumul total mio ecu approv deadlin implement financ agreement absenc addit claus fa extend period irregular financi manag monitor project audit carri highlight partial knowledg situat project weak monitor account pai agenc financi manag inadequ knowledg situat project provis fa project gener jointli financ commiss recipi countri court audit show project sampl commiss possess inform payment nation contribut put notabl except rjim maatoug project tunisia sem case commiss data concern project local financ counterpart fund respons monitor execut project li nation administr nmc larg financi organis commiss monitor gener weakest weak accentu case larg number oper involv individu alloc subsidi loan financ project sampl fall categori project involv loan oper benefit small medium size agricultur enterpris tunisia sem project improv educ system morocco sem agricultur develop fund adf morocco sem project mention commiss possess time audit inform final mio ecu tranch financi contribut report manag contain anomali commiss depart discov report anomali explain chang account oper allow reimburs purchas made beneficiari prior approv fa charg administr financi manag monitor account pai agenc examin account pai agenc show countri visit part audit reconcili bank account carri transact respect final settlement pend countri final settlement place court visit joint research carri court auditor deleg staff select technic assist leav problem connect commiss difficulti manag reason time period procedur select technic assist court found project select procedur question case project improv system technic educ morocco sem commiss entrust monitor project implement consult carri identif prepar commiss likewis award technic assist contract execut rjim maatoug project sem consult carri feasibl studi project jointli financ commiss itali state tunisia italian contribut manag commiss accord framework agreement conclud commiss republ itali relev articl fa name consult contract award privat treati procedur provis framework agreement provid expedi term agreement expedi assess refer principl cost urgenc provid subject examin respons commiss depart commiss file indic depart conduct examin cash manag novemb time court audit mio ecu paid commiss loan part food sector develop programm sem launch mio ecu unus date total capit repay interest loan mio mio ecu cash hand total mio ecu initi financ commiss paid fund basi realist analysi project cash flow requir addit project system establish provid endow imprest account advanc equival project annual requir due overestim cost work schedul advanc paid exceed requir project balanc unus fund closur account end year mio ecu rose mio ecu end financi year balanc imprest account amount mio ecu mio tunisian dinar td mio ecu paid decemb tunisian bank respons manag loan framework agricultur loan project sem involv loan oper benefit small medium size agricultur hold credit line drawn month octob interest yield sum deposit account project octob novemb date project fund exhaust amount mio td mio ecu commiss awar amount court conduct audit payment inelig expenditur case inelig expenditur reveal audit oper paid commiss conclud sign fa partial elig complet inelig payment commun contribut oper carri sign fa paid commiss framework project morocco project involv aid train textil leather industri sem total oper erron financ estim conclus audit ecu egypt payment total ecu charg account food develop sector programm sem activ provis made cost charg counterpart fund made food aid bodi respons manag nile vallei region project egypt sem invoic commiss administr cost simultan manag project financ intern donor document support invoic larg percentag commiss submit court auditor deleg awar situat complementari control carri commiss depart determin amount wrongli paid time payment case rjim maatoug sem project tunisia excess long period time payment technic assist fee incur ecu interest arrear similarli commiss pai ecu interest arrear ground water investig project azzraq sem payment delai caus applic wrong exchang rate contractor carri economi geologi project sem submit claim interest due late payment time court audit invoic outstand year action commiss jordanian natur resourc institut resolv matter analysi time organis oper relat implement textil leather industri train project morocco sem reveal case rang dai evalu extern audit project audit jordan subject extern audit stipul fa fourth evalu carri implement late thoserespons project result account complet work project improv system teach technolog scienc morocco sem subject evalu extern audit fa oblig respect point court note commiss tendenc includ text fa oblig accept extern audit commiss defin object audit suffici precis improv follow order draw maximum benefit avoid situat met nile vallei region project sem spite annual audit year implement excess invoic administr cost paragraph technic assist unit notic amend initi decis examin file shown major amend transfer appropri budget head accept deleg manag unit technic assist unit commiss deleg author unit addit amend place written explan allow check carri justifi major amend framework project loan oper favour small medium size agricultur enterpris tunisia sem type product import stipul fa essenti product type mio ecu import deleg accept substanti increas rate interest medium term long term loan rais amend increas farmer debt burden consider number support paragraph framework agricultur develop project south west kef tunisia sem manag power deleg fa bodi legal person budgetari autonomi transfer decentralis administr liberti invest liquid asset morocco agricultur develop fund project sem commiss paid framework protocol mio ecu term fa subject audit moroccan gener inspector financ year implement deleg allow inspect replac audit conduct extern compani partli cover period commun financ case correct mio ecu audit authoris transfer head implement train project morocco textil leather industri sem deleg agre increas train network compon increas mio ecu mio ecu transfer appropri budget head fa frequent approv case rjim maatoug project sem observ concern origin fund accept fact approv limit head exceed final respect helwan wast water project sem gener infrastructur project financ benefit egypt deleg charg payment long appropri remain fa specif amount made budgetari head exampl show manag depart tend overlook restrict impos amount enter fa budget larg unawar rule restrict expenditur appropri alloc expenditur head irregular natur situat rais question initi alloc appropri intend cover requir identifi preparatori studi amend amount budget head project amend implement import manag decis author receiv proper mandat paragraph futur fa stipul applic amend initi decis justifi approv author respons servic provid technic assist unit examin sampl reveal gener high qualiti servic provid technic assist excess invoic inelig expenditur nvrp paragraph incorrect attitud helwan wast water paragraph observ comment made morocco servic provid ta unit implement pedagog technic compon project improv teach scienc technolog sem judg inadequ minist educ commiss jordan case econom geologi project sem ta due inabl work close collabor local author lead strengthen institut constitut project import goal contrast good cooper technic assist local author decis success nation soil map land project sem addit note technic assist replac local author respons administr financi manag project project surviv doubt expect continu durat consult contract manag respons project result obtain observ respect account financ project audit jordan separ account account technic assist unit ad case nation soil map land project sem account ta present appropri budgetari head stipul fa make imposs monitor utilis case nile vallei region project egypt sem account technic assist nation coordin research programm local research centr account spite gener high qualiti manag rjim maatoug project sem check carri show manag project award local contract purchas tractor lowest bidder file suppli satisfactori explan decis contraven public tender regul result record surviv project project success depend partner fulfil commit adequ system manag definit result result feasibl studi bear mind criteria control conduct court reveal contrast situat shortfal result achiev compar object set fa doubt abil project surviv emphasis helwan wast water project sem receiv commenc protocol mio ecu local institut administr share respons project respons execut work li cairo wast water organis cwo final inspect work hand gener organis sanitari drainag gosd respons manag instal distribut water check carri spot shown institut posit perform task acccept fashion project work technic assist basic reason explain situat firstli gosd authoris set price water adequ level achiev real budgetari autonomi guarante financi viabil aid intern donor poor remuner paid institut offici led number leav receiv qualif vocat train technic assist join privat sector opportun obtain higher salari situat rob administr concern capac fulfil respons depend complet technic assist smooth run wast water treatment system ten year launch project incap assur mainten continu situat technic assist posit strength liberti activ support gosd continu work spite commiss refus prolong contract end time court mission egypt situat continu month court visit egyptian author agre respons cost aris extens contract addit time court audit stock spare part inadequ oper scale technic assist numer disappear equip occur standard mainten instal adequ constraint kind inhibit food develop sector programm project sem surviv doubt european technic assist respons manag depart court visit ra moham nation park project sem week deadlin set fa complet work time build requir carri project construct govern made land requir case helwan wast water project park creat part ra moham project gener financi resourc assur surviv project involv loan oper favour small medium size enterpris tunisia sem unwant effect farmer level indebted increas consider rate rais paragraph control carri reveal farmer support burden debt nation legisl forbid access financ delai repay result continu exist agricultur hold jeopardis project sampl financ jordan partial achiev desir object surviv appear fraught difficulti hand nation soil map land project sem consid success allow real transfer benefit local depart aspect account success project defin begin jordanian technician technic assist work close cooper conclus respect manag project examin manag project show main weak point court special report persist spite commit remedi commiss inadequaci human resourc lack clariti divis respons depart compet commiss headquart brussel deleg field aspect contribut commiss failur cope manag project limit manag tool aggrav situat comput softwar commiss dispos enabl real auxiliari account project directli link implement budget account give comprehens view financi situat project word financ agreement precis natur contractu oblig manag framework instrument monitor oper audit contract defin inform commiss expect extern control tangibl increas plan commun aid nmc practic doubl year amount commit aggrav present situat scarc increas appropri foreseen meda increas number project proport amount alloc undoubtedli increas consider applic decis meda regul tend confirm analysi concern structur adjust programm support oper involv amount mio ecu manag system project set fa basi knowledg administr realiti recipi state administr structur good qualiti case maghreb commiss attempt impos standard pre establish model run counter local tradit attempt impos model lead conflict local author audit reveal commiss avoid error implement protocol nmc fear implement meda manag project longer entrust respons local institut lie ad hoc manag unit head director made european technic assist unit local manag manag oper administ eib behalf commiss audit oper gener present audit mediterranean protocol includ financ origin budget manag eib financ consist reimburs aid take form interest subsidi loan grant eib resourc refund aid earmark risk capit oper framework protocol mio ecu made risk capit amount rose mio ecu increas fourth protocol underlin grow interest euro mediterranean partner financi instrument tabl give amount countri concern protocol fix budget financ interest subsidi paragraph manag interest subsidi audit basi examin commiss file manag risk capit control complement analysi sampl project subject inspect spot tabl check cover resourc consist object assign protocol qualiti manag mandat bodi mean examin structur emploi result obtain monitor oper commiss gt tabl gt take account number financi instrument hand commiss entrust eib manag constraint experienc connect organis extern audit eib oblig organis systemat joint audit eib repres real constraint court reason materi imposs carri control spot larg number project benefit budget financ form interest rate subsidi system risk capit manag purpos risk capit condit elig risk capit term protocol intend primarili make equiti capit privat public undertak natur legal person member state commun particip sector economi nmc extrem broad formul protocol led eib defin condit elig project risk capit condit concern actual qualiti project econom financi viabil concern decis role risk capit plai execut project eib interpret final condit gener consid fulfil absenc financ lead delai oper upset balanc relationship local european partner influenc hesit donor unfavour descript manag system system built financ procedur contractu framework procedur launch monitor project adapt suit financ procedur contractu framework eib care adapt mean intervent emploi realiti nmc method singl altern order achiev adapt local realiti procedur present eib inform note date june global loan select financi institut intermediari ifi tunisia egypt jordan global loan nation exchequ work cooper ifi morocco creation special financi compani direct intervent project egypt financ feasibl studi legal framework put place bank procedur order adapt characterist notwithstand divers manag risk capit gener characteris factor financ grant advantag rate obtain local market risk exchang loss born beneficiari charg commun initi subsequ nmc concern definit grant financ final beneficiari place eib express agreement case oper eib ensur claus contract incorpor harmoni local law apprais monitor project eib resourc financ project jointli risk capit depart apprais file drawn usual intern procedur directli contrast manag oper take place framework implement global line credit apprais project decentralis procedur ifi submit applic ifi autonom power decis respect alloc risk capit send file relat project result apprais eib obtain approv file term contract standardis inform sheet examin forward file eib take alloc decis ifi authoris conclud financ contract final beneficiari monitor oper conduct complementari procedur contract sign ifi provid monitor document inform state risk capit portfolio financi situat beneficiari eib regular basi inform collat standardis sheet specimen attach contract monitor complement inspect spot eib carri directli despatch consult recruit specif purpos case global line credit grant state morocco treasuri ensur prior releas fund contractu condit fulfil beneficiari parallel monitor project examin financi balanc sheet court observ conclus audit apprais project commonli encount weak concern inform collat european compani joint enterpris exact situat extent commit assess basi materi contain apprais file forward court control carri demonstr close connect qualiti partner involv success contrari failur project financ weak demonstr analysi project sampl examin document concern rel frequenc estim invest budget work capit requir weak qualiti apprais file vari examin file apprais eib offic directli tunisian ifi invest compani creat morocco show high qualiti apprais work contrast poor qualiti file forward support applic alloc fund ifi visit part inquiri reflect depend individu case absenc lack experi part institut manag type oper concentr aid project select tunisia ifi beneficiari half receiv amount excess total alloc morocco inform receiv supervisori author beneficiari risk capit usual custom ifi egypt project absorb mio ecu mio made fourth protocol concentr alloc special size project financ repres total invest mio ecu size european partner involv major multin compani commit eib resourc oper concentr question spite undeni econom import project financ egypt light object laid risk capit protocol indic programm conclud countri fact term small medium size enterpris constitut favour target group risk capit oper aim benefit enterpris financ global loan protocol partial fourth protocol subject alloc time court audit eib portfolio project financ egypt sound reflect concern manag resourc entrust commiss take account possibl offer local market disput claim court note contradict commit made indic programm nmc respons author underlin basic financi instrument implement qualiti project difficult financ convent bank loan imposs part sponsor offer suffici guarante purpos risk capit encourag creation gener entrepreneur case project financ egypt partli case financ morocco tunisia monitor oper eib monitor document concern observ gener ifi fulfil contractu oblig respect forward eib regular basi inform sheet state risk capit portfolio financi situat beneficiari eib emploi consult expens evalu oper financ morocco basi larg sampl cover project project examin part court audit evalu consult audit eib court found similar find audit result achiev manag risk capit framework implement protocol characteris distribut loan beneficiari sector activ nmc morocco tunisia sector activ benefit financi instrument leverag effect invest prioriti creation joint enterpris encourag inflow foreign capit creation job directli morocco tunisia egypt addit countri audit oper save job threat select project design improv balanc foreign trade implement fourth protocol framework protocol financ grant global loan except financ grant ifi form long term loan offer rate interest local market clear time audit main reason success condit alloc financ framework fourth protocol demonstr determin emphasis risk capit compon encourag particip yield dividend determin increas prioriti format joint ventur european partner difficulti applic procedur morocco tunisia explain poor utilis credit line agre framework fourth protocol tabl gt tabl gt addit structur local sme famili enterpris twin object help increas capit fund encourag creation joint ventur difficult reconcil diffid shown accept foreign partner local author recommend divid credit line part fund reserv local sponsor particip joint ventur manag interest rate subsidi introduct reimburs aid charg gener budget commun stipul protocol subsidis limit rate interest appli eib loan grant resourc contrast situat risk capit protocol mention amount alloc form interest subsidi special report court criticis power confer eib regul respect financ decis relat interest subsidi reason reimburs budgetari resourc alloc eib requir council regul correct appli implement fourth protocol audit find budgetari data implement fourth protocol favour countri concern audit result total commit decemb mio ecu commit appropri mio ecu paid addit mio ecu commit appropri laps close account financi year balanc appropri commit paid interest rate subsidi budget fourth protocol mio ecu total commit tabl gt tabl gt dormant commit monitor examin commiss file reveal exist larg volum commit appropri ti prematur repres amount excess requir oper concern phenomenon demonstr weak commiss monitor carri control check amount commit justifi set procedur closur complet project end year prematur ty commit appropri court examin commiss account show appropri commit amount mio ecu remain unus period exceed year amount tabl show deriv project respect time audit payment made interest rate subsidi dormant commit gt tabl gt gt tabl gt unexpend balanc decommit court review oper financ interest rate subsidi framework fourth protocol show appropri project eib made final payment inform commiss open commiss account unexpend balanc long stand case payment made tabl show eleven project account mio ecu fall categori unexpend balanc ecu deriv commit made protocol jordan set systemat procedur annual closur oper enabl situat appropri frozen purpos congest account avoid audit carri egypt confirm analysi project concern amount commit ecu high ecu high case unus unneed fund remain block march onward decemb onward case fund question account restant liquid outstand end carri decommit juli case case initi eib resourc loan fix mio ecu estim interest rate subsidi mio ecu end bank decid reduc size loan mio ecu promot reduc scale project inform commiss june commiss fail action point reduc fund commit interest rate subsidi balanc mio ecu remain commit final payment made decemb juli remain fund decommit project evid lack suffici close manag budgetari fund commiss servic bank inform commiss promptli decis reduc size loan observ relat manag interest rate subsidi find demonstr poor qualiti control justif amount request eib interest rate subsidi commiss explan initi amount reason exist unexpend balanc end oper hand reason led eib request increas appropri initi commit weak commiss monitor confirm number unexpend balanc decommit length time exist council regul eec restor commiss control financ decis relat interest rate subsidi commiss ensur applic file submit eib commiss check appropri request justifi principl term amount commiss set procedur annual closur project cancel unexpend balanc court regularli recommend field gener conclus consider relat system protocol consider produc court examin implement seri protocol special report valid acquir recipi countri amount set protocol unlimit period meant smooth progress protocol budgetari resourc ti purpos time commiss found oblig manag seri protocol situat persist appropri alloc protocol exhaust run parallel manag aid govern meda regul view situat commiss plan basi fourth protocol annual payment approxim mio ecu payment smaller amount year appropri exhaust meda regul tackl problem fund adopt procedur respond flexibl absorpt capac recipi member countri respect prioriti fact term regul nmc longer acquir amount budget negoti plan indic natur underlin run period year consider relat commiss system manag dg ib manag suffer inadequaci human resourc lack clariti divis task depart compet commiss headquart brussel deleg power deleg increas good time decis prove manag project increas power hand hand oblig justifi decis qualiti financ agreement improv legal point view make provis penalti oblig fulfil beneficiari technic point view descript manag bodi content implement report automat inclus claus provid evalu project complet final evalu complet extern audit comput tool commiss dispos auxiliari account project directli link implement budget detail monitor project carri secondari commit contract conclud appli fa repres subject manual monitor manag inform system mi instal simplifi version cumul effect shortcom led insuffici control part commiss cycl manag project implement rationalis commiss system manag began applic manag cycl project intensifi complet situat worri time adopt meda regul commiss depart confront percept increas volum budget manag commit apppropri approxim doubl protocol end amend budget provid possibl meda appropri administr technic support addit chang approach meda complet upset pattern relat commun nmc exacerb competit experi gain implement protocol paragraph appear manag financ meda regul commiss base work administr structur place nmc seek impos preconceiv standard model consider relat oper manag eib behalf commiss control carri show spite weak set procedur ifi qualiti system establish manag risk capit award full mark result obtain implement risk capit gave rise excess concentr financ commiss monitor oper entrust eib manag poor poor qualiti displai minim made inform document eib case interest rate subsidi volum dormant commit report adopt court auditor luxembourg court meet januari court auditor bernhard friedmann presid special report oj court annual report financi year oj special report oj algeria egypt jordan lebanon morocco syria tunisia paragraph special report oj oj court identifi problem context phare programm special report decentralis system implement phare programm oj paragraph oj oj court annual report financi year paragraph oj articl financi regul protocol preferenti agreement whilst meda cover aid grant autonom case protocol project set financ agreement conclud nation author beneficiari countri case project worth mio ecu contract annual report financi year paragraph seq oj project asia latin america paragraph special report identifi similar problem project mediterranean countri protocol jo paragraph special report decentralis system implement phare programm oj problem point court context phare programm special report decentralis system implement phare programm oj paragraph econom geologi project jordan scienc technolog project jordan paragraph ola budget applic manag dg viii extract group sincom payment data year commit januari product list report dg viii dg ceas ola stand line account system manag inform system annual report financi year paragraph jo court point similar weak comput system manag phare programm special report decentralis system implement phare programm paragraph oj dgib intern document juli set respect respons deleg commiss headquart relat manag monitor develop aid econom cooper document refer explicitli situat programm asia lesser extent situat latin america speak futur amend version reflect aspect cooper mediterranean countri commiss suppli court version similar problem divis respons head offic brussel deleg latter power point court context phare programm special report decentralis system implement phare programm paragraph oj annual report financi year paragraph oj project includ sampl point identifi mission jordan project financ benefit countri examin paragraph annual report financi year oj nb mio ecu ad amount protocol paragraph onward special report accompani statement assur financi year oj special report paragraph onward oj remark item gener budget european union financi year oj commiss repli system protocol implement protocol budgetari present commiss budget author prepar establish annual budget sought maintain balanc prolifer consolid budget line whilst maintain transpar object action fund commun legal respect decis interest rate subsidi theoret possibl commiss opinion overrul fact happen court note regul rectifi situat pursuant articl treati opinion court obtain council specif case commiss meda regul directli head term agreement conclud commiss possibl consult court propos involv signific techniqu financi budgetari mechan futur commiss systemat recommend council obtain court prior opinion conclus system protocol paragraph oper manag directli commiss manag monitor instrument financ agreement commiss examin court recommend commiss agre financ agreement gener improv introduct project cycl manag pcm lead definit follow project project cycl manag train cours organis assist consult project leader gradual learn method project manag inform technolog effort undertaken continu develop financi manag inform tool project monitor control organis tool period cover court audit commiss administr structur relat bilater aid chang greatli divis respons headquart deleg constant review tender contract local payment revis rule allow deleg maintain flexibl creation meda team deleg abil monitor project enhanc headquart separ respons cover concept resourc manag evalu project inspir sem initi principl underli project cycl manag review bilater aid lead secur extra resourc implement follow project meda regul commiss staff remind provid guidelin relat oblig manag contract financ agreement effect consequ allud court paragraph reduc cultur financi disciplin creat sem initi gain ground distribut task geograph technic unit deleg consist work carri director gener ib seek draw rule establish precis mode cooper headquart depart commiss deleg field econom cooper develop aid schedul complet project respect econom geologi project commiss decis preparatori work financ agreement signatur eventu countersign delai month account equal part complet administr procedur commiss beneficiari countri commiss awar problem identifi court includ propos amend financi regul financ agreement sign year year commiss decis measur design encourag recipi ensur nation procedur complet set time limit agre condit govern grant aid administr technic provis dta part financ agreement subject difficult sensit negoti beneficiari state notabl ensur transpar rule secur commun fund financ agreement court refer draft late earli creation juli financ resourc director counter weight requir sem initi progress made standardis complet financ agreement includ suggest made court rule relat tender contractu procedur commiss issu detail rule guidelin staff deal commun project rule updat regularli circumst demand commiss awar major construct social infrastructur project tendenc overshoot origin cost estim field cooper aid cover preferenti agreement project manag primarili countri commiss measur ensur project proce correctli light chang circumst econom social technic financ agreement commiss measur place ensur expiri date monitor greater care chang reflect circumst financi manag monitor project commiss agre progress report fuller effect keep principl mutual trust underli provis extern aid commiss endeavour ensur recipi state financi institut monitor amount contribut recipi commiss repres ensur monitor system updat reflect chang requir commiss headquart receiv regular report project progress increas resourc meda regul commiss forese improv follow project progress report commiss aim nation structur promot concept ownership introduct monthli inspect visit plan meda programm consider reinforc monitor project administr financi manag monitor account pai agenc commiss awar problem cite court creation dg ib realloc personnel reconcil pai agent account commiss procedur place ensur reconcili futur made quarter basi process ensur backlog clear advanc countri access inform difficult notabl due polit difficulti select technic assist respons select technic assist pass recent creat financ resourc director dg ib separ initi select implement evalu function commiss reinforc intern control ensur procedur transpar effect tender procedur revis limit issu staff deal project remark paragraph cash manag gener project implement difficult circumst essenti project manag adopt prudent posit approach work programm cost estim reflect approach implement work programm cost estim pmu oblig close control achiev expenditur interest gener loan oper basi agreement administr inspir find conclus monthli inspect visit payment inelig expenditur commiss sensit fact payment made cost elig elig determin inter alia fact expenditur fall due commit appropri finalis financ agreement cost incur commit appropri oper date financ agreement commiss agre project sem ecu portion total payment ecu aid section project predat signatur date financ agreement train grant destin start septemb commiss juli decid support project appropri requir fund project commit unforeseen activ note court relat urgent control spread vector distribut libya live sterilis screw worm import america activ agreement member state egypt commiss provid ecu food sector develop programm fsdp purchas urgent need insecticid prevent control anim libyan egyptian border amount advanc reimburs food aid counterpart fund facf facf committe authoris ecu paid egyptian pound fsdp revolv fund account financ agreement foreseen amount ecu project total conting servic provid intern organis ecu organis personnel offic cost cost spread project intern organis particip regard alloc offic cost commiss process obtain clarif intern organis payment period interest paid late payment note court due late payment advanc due dai delai caus event control commiss headquart oblig releas penalti interest project regard ground water investig azraq sem note delai payment result payment procedur bank system issu payment contractor gener currenc contract state payment made ecu regard late payment refer court intern procedur commiss dai process payment request receiv nation authoris offic evalu extern audit incept project cover court audit improv made number project evalu depth monitor audit report mid term post evalu project establish evalu unit depart concern reinforc financi unit audit commiss face constraint personnel resourc resort extern auditor systemat programm audit combin intern resourc project resourc extern auditor prepar addit commiss increasingli includ fa oblig accept extern audit amend initi decis project offic commiss headquart deleg adopt pragmat approach implement financ agreement result court note vari condit attach financ agreement respons ensur approv contractu legal matter separ technic unit substanti degre deleg hand financ resourc director intern control financ agreement strengthen modif financ agreement authoris accord rule servic provid technic assist unit commiss share court opinion qualiti technic assist provid project case consult replac consult allow continu contract matter close manag project leader result obtain observ respect account financ programm audit project includ point identifi court result record surviv project court recognis danger inher develop project requir balanc technic assist creation cultur depend exampl paragraph confirm dilemma plant due hand gosd evid gosd need institut support limit time order build capac manag plant point helwan scheme approv commiss complementari financ ecu million made task shortcom gosd note auditor recognis time measur improv manag capac unusu staff paid contractor run maintain plant test period unwil govern employe reason gosd need technic assist ta support intermedi period withdraw contractor chang respons govern level municip level transit period critic court auditor visit project moment situat settl control phase ta support progress question water price highli sensit polit address specif project ec major donor rais goe commiss follow ensur control stock equip improv gener repli conclus respect manag project special report repli form basi major revis commiss procedur deal aid mediterranean countri undertak commiss fulli implement project fund fourth protocol progress report draft meda project shortag human resourc underlin court extent made good budgetari provis accompani meda programm revis commiss structur impuls sem led clarif respons separ duti establish clearer rule manag project improv continu increas commiss capac evalu audit project develop comput system permit account financi monitor project devot resourc expans technic follow project paragraph commiss note court observ definit manag system essenti point treat detail examin project phase includ fa commiss gener seek nation administr implement project adapt propos system capac administr part process set meda commiss establish instrument facilit project manag negoti framework agreement mediterranean partner determin statutori framework administr arrang implement project programm start common base account propos specif situat member mediterranean countri manag oper administ eib behalf commiss audit gener present audit commiss eib care follow court request time annual plan discuss repres court respons coordin audit project administ eib eib audit committe express balanc distribut visit year programm account local administr differ public holidai plan usual audit bodi audit committe organis visit jointli request accord tripartit agreement institut short notic depend countri addit enabl court draw maximum benefit spot visit inform meet organis advanc system risk capit manag purpos risk capit condit elig interpret term grant risk capit compat object type assist term project submit approv articl committe repres member state govern repres commiss accord regul descript manag system financ procedur contractu framework observ true oper protocol appli oper fourth protocol gener risk exchang loss charg commun subparagraph articl manag agreement commiss eib june decemb inher natur capit acquisit transact apprais monitor project usual method global loan apprais deleg eib retain power decis resourc risk capit involv court observ conclus audit apprais project weak identifi eib react give weight compani technolog commerci contribut straightforward capit inject prove impact medium term eib familiar problem demonstr import boost fund risk capit eib carri regular inspect note progress made ifi respect concentr aid note morocco bank credit line great demand project fund morocco effici normal ifi client introduc suitabl project preclud introduc project launch commun eib avail global loan sme sector innov activ develop context easi identifi suitabl project present financi stabl sme wish borrow foreign exchang time ifi experi extend fund credit line sme appear chang time reason rate global loan low exposur exchang risk vagari export market condit prevail local environ characteris low growth gdp abund fund mediterranean compani receiv revenu local currenc loan offer favour rate counterbalanc exposur exchang risk busi risk inher sme sector light experi eib cancel ecu million resourc loan ecu million risk capit ecu million disburs remain ecu million cancel commun financi interest safeguard monitor oper eib confirm monitor step implement fourth protocol clear concept joint ventur flexibl definit extend includ form cooper necessarili entail joint particip capit speed utilis credit line procedur loan open end reflect normal evolut financi market matur open gradual introduct instrument eib consid role encourag expans rang financi product offer sme support promot foreign partner includ guidelin euro mediterranean partnership polici design make sme member mediterranean countri competit elimin custom protect plan associ agreement manag interest rate subsidi audit find dormant commit monitor recent instal systemat inform system lead improv inform interest rate subsidi part period review sleep slow move commit commiss examin project cover court audit determin continu financi review commiss close revis project examin court decommit fund surplu requir observ manag interest rate subsidi repli paragraph gener conclus consider relat system protocol court correctli note experi implement mediterranean protocol account council regul meda framework euro mediterranean partnership financi technic measur relat reform econom social structur mediterranean partner consider relat commiss system manag rapid develop mediterranean polici shortag human resourc felt commiss reorganis redeploy reinforc project manag sought resourc effect effici process refin creation joint administr servic decid commiss octob divis respons separ task headquart deleg brussel technic servic unit reapprais develop accompani clarif rule procedur contract financi manag final resourc evalu audit activ increas quantit qualit experi concept implement protocol commiss measur ensur follow meda project constrain carri care consider relat oper manag eib behalf commiss beneficiari profit fourth protocol situat outlin repli paragraph commun financi interest need safeguard excess concentr fund award commiss review procedur eib reinforc resourc ensur closer monitor flow inform institut