„საქართველოსა და აზიის განვითარების ბანკს შორის სასესხო შეთანხმება (ჩვეულებრივი ოპერაციები) (COVID-19-ის ვაქცინის მხარდამჭერი პროექტი აზია-წყნარი ოკეანეთის ვაქცინის ხელმისაწვდომობის ფარგლებში - სწრაფი რეაგირების კომპონენტი)“
📋 განხილვის ეტაპები
ინიციირებული ვარიანტი
ადამიანის უფლებათა დაცვისა და სამოქალაქო ინტეგრაციის კომიტეტის სხდომაზე განხილული დოკუმენტი
ჯანმრთელობის დაცვისა და სოციალურ საკითხთა კომიტეტის სხდომაზე განხილული დოკუმენტი
საგარეო ურთიერთობათა კომიტეტის სხდომაზე განხილული დოკუმენტი
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ბიუროზე განხილული დოკუმენტი
🏛️ კომიტეტები
- საფინანსო-საბიუჯეტო კომიტეტი წამყვანი კომიტეტი
- ადამიანის უფლებათა დაცვისა და სამოქალაქო ინტეგრაციის კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა
- საგარეო ურთიერთობათა კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა
- ჯანმრთელობის დაცვისა და სოციალურ საკითხთა კომიტეტი კომიტეტი რომლის დასკვნაც სავალდებულოა
📅 დამატებითი ინფორმაცია
ბიუროზე განხილვის თარიღი 2021-12-03
ბიუროს ნომერი 101
📜 ტექსტი
განმარტებითი ბარათი
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®C>8nGa0a6/CERTIFlED BY.
Ministry of Foreion Affairs of (seorgia
TRANSLATION BUREAU
of international Agreements of Georgia
შეთანხმება
LOAN NUMBER 4116-GEO
LOAN AGREEMENT
(Ordinary Operations)
(COVID-19 Vaccine Support Project under the Asia Pacific Vaccine Access Facility - Rapid
Response Component)
between
GEORGIA
and
ASIAN DEVELOPMENT BANK
28 October 2021
GEO 55195
LOAN AGREEMENT
(Ordinary Operations)
LOAN AGREEIVIENT dated
28 October 2021
("Borrower") and ASIAN DEVELOPMENT BANK ("ADB").
between GEORGIA
WHEREAS
(A) ADB has received from the Borrower a governor's letter dated 11 August
2021 ("Governor's Letter"), confirming the Borrower's commitment to implement its Vaccination
Allocation Plan (as defined hereinafter) and setting forth certain objectives, policies and actions
of the Bon-ower designed to provide access within its territory tovaccines for the coronavims
disease ("COVID-IS");
(B)
the Borrower has applied to ADB for a loan for the purposes of the
Project described in Schedule 1 to this Loan Agreement;
(0)
by a loan agreement of even date herewith between the Borrower and
ADB ("ADB Project Investment Component Loan Agreement"), ADB has agreed to make a
loan to the Borrower from ADB's ordinary capital resources inan amount offour hundred sixty-
four thousand Euro (€464,000) for the purpose of strengthening the capacity ofthe Project
Executing Agency to effectively and efficiently manage the procurement and delivery of the
COVID-19 vaccines and the development and conduct ofvaccination program management
and monitoring; and
(D)
ADB has agreed to mal<e a loan to the Borrower from ADB's ordinary
capital resources uponthe tenns and conditions set forth herein;
NOW THEREFORE the parties hereto agree as follows:
ARTICLE I
Loan Regulations; Definitions
Section 1.01.
All the provisions of ADB's Ordinary Operations Loan
Regulations, dated 1 January 2017 ("Loan Regulations"), are hereby made applicable to this
Loan Agreement with the sameforce and effect as if they were fully set forth herein, subject,
however, to the following modifications:
(a)
Section 2.01 (Definitions) subsection (xx) shall be deleted and replaced
in its entirety as follows:
(xx)
"Reference Rate" means, (1) except as ADB has othenwise made
a determination in accordance with Section 3.02(c), in respect of
any Loan Cun-ency other than Euro, LIBOR, and in respect of
Euro, Euribor; and (ii) if a determination is made in accordance
with Section 3.02(c), such other reference rate and any spread
for the Loan Currency as ADB shall reasonably determine and
promptly notify the Bon-ower and the Guarantor.
(b)
A new subsection 3.02(c) shall be inserted after subsection 3.02(b) as
follows:
Section 3.02 (c).
ifinterest onany amount ofthe Loan is calculated
based on LIBOR or Euribor, and ADB determines that (i) such
Reference Rate has permanently ceased to be quoted forthe relevant
Loan Currency or a public statementor publication ofinformation bythe
regulatory supervisor for the administrator of the Reference Rate
announcing such Reference Rate is no longer representative has been
made or (ii) ADB is no longer able, or it is no longer commercially
acceptable for ADB, to continue to use such Reference Rate for
purposes ofits asset and liability management, ADB shall apply such
other Reference Rate for the relevant Loan Cun^ency, including any
applicable spread, as it may reasonably detennine. ADB shall promptly
notify the Borrower and the Guarantor ofsuch other reference rate and
any spread, and of related amendments to the provisions ofthe Loan
Agreement necessary to give effect to its application, which shall
become effective as of the date of such notice.
Section 1.02.
Wherever used in this Loan Agreement, the several
terms defined in the Loan Regulations have the respective meanings therein set forth unless
modified herein or the context othenfl/ise requires. Additional temis used in this Loan
Agreement have the following meanings:
(a)
"ARMPA" means the Agency for Regulation of l\/ledical and
Pharmaceutical Activities of the Borrower;
(b)
"Consulting Services" means consulting services as described in the
Procurement Regulations and set out in the Procurement Plan, and to
be financed out of the proceeds of the Loan;
(c)
"Eligibility Criteria" means criteria, as described in paragraph 29
(including footnotes 28, 29 and 30) of ADB's policy on Support to
Enhance COVlD-19 Vaccine Access;
(d)
"Eligible Expenditures" means categories of expenditures agreed
between ADB and the Bon-ower, to be financed out of the proceeds of
the Loan, as set forth in the table to Schedule 3 to this Loan Agreement
and as further detailed in the PAM;
(e)
"Eligible Vaccine" means a COVID-19 vaccine eligible for financing out
of the proceeds of the Loan which, at all times during the Project
implementation period, (1) satisfies the Eligibility Criteria; and (ii) has
received all necessary authorizations of the Bon-ower for its distribution
and administration within the territory of the Borrower, including
authorization for use, and any other necessary authorizations for its
manufacture, marketing or importation;
(f)
"GAP" means the gender action plan prepared for the Project, Including
any update thereto, and agreed between the Borrower and ADB;
(g)
"Goods" means equipment and materials assetout in the Procurement
Plan and to be financed out of the proceeds of the Loan, Including
Eligible Vaccines and any related Nonconsulting Services such as
transportation and insurance;
(h)
"Loan Disbursement Handbook" means ADB's Loan Disbursement
(1)
"MolLHSA" means the Borrower's Ministry of Internally Displaced
Handbook (2017, as amended from time to time);
Persons from the Occupied Temtories, Labour, Health and Social
Affairs;
(j)
"Nonconsulting Sen/ices" means nonconsulting services asdescribed in
the Procurement Regulations and set outinthe Procurement Plan, and
to be financed out of the proceeds of the Loan;
(k)
"PAM" means the project administration manual for the Project dated 11
August 2021 and agreed between the Bon-ower and ADB, as updated
from time to time in accordance with the respective administrative
procedures ofthe Bon"ower and ADB;
(I)
"Procurement Plan" means the procurement plan for the Project dated
11 August 2021 and agreed between the Bon-ower and ADB, as
updated from time to time in accordance with the Procurement Policy,
the Procurement Regulations, and other an-angements agreed with
ADB;
(m)
"Procurement Policy" means ADB's Procurement Policy - Goods,
Works, Nonconsulting and Consulting Services(2017, as amended from
time to time);
(n)
"Procurement Regulations" means ADB's Procurement Regulations for
ADB Bon-owers - Goods, Works, Nonconsulting and Consulting
Services (2017, as amended from time to time);
(o)
"Project Executing Agency" for the purposes of, and within the meaning
of, the Loan Regulations means MolLHSA or any successor thereto
acceptable to ADB, which is responsible for the canning out of the
Project;
(p)
"Services" means Consulting Services and Nonconsulting Services;
(q)
"SPS" means ADB's Safeguard Policy Statement (2009);
(r)
"SRA" means entity designated by the World Health Organization as a
stringent regulatory authority for purposes of assessment and approval
of COVlD-19 vaccines; and
(s)
"Vaccination Ailocatlon Plan" means the National Vaccine Deployment
Plan adopted by the Borrower on 21 January 2021 and amended on 8
April 2021, attached to and endorsed in the Governor's Letter, which,
amongst other things, describes theBorrower's prioritization of COVID19 vaccine access consistent with intemational norms and safeguards
against exclusion ofmarginalized and vulnerable groups and sets out
the national policy in relation to vaccine selection, acquisition,
procurement, distribution, deployment and administration in the territory
of the Borrower.
ARTICLE II
The Loan
Section 2.01.
(a)
ADB agrees to lend to the Bon-ower from ADB's
ordinary capital resources an amount of twelve million one hundred seventy-nine thousand
Euros (€12,179,000), as such amount may beconverted from time totime through a Currency
Conversion in accordancewith the provisions ofSection 2,06 ofthis Loan Agreement.
(b)
The Loan has a principal repayment period of 7 years, and a grace
period as defined in subsection (c) hereinafter.
(c)
The tenn "grace period" as used in subsection (b) hereinabove means
the period prior to the first Principal Payment Date in accordance with the amortization
schedule set forth in Schedule 2 to this Loan Agreement.
Section 2.02.
The Borrower shall pay to ADB interest on the principal
amount of the Loan withdrawn and outstanding from time to time at a rate for each Interest
Period equal to the sum of:
(a)
EURIBOR; and
(b)
0.60% as provided by Section 3.02ofthe Loan Regulations less a credit
of 0.10% as provided by Section 3.03 of the Loan Regulations.
Section 2.03.
The Borrower shall pay a commitment charge of 0.15%
per annum. Such charge shall accrue on the full amount ofthe Loan (less amountswithdrawn
from time to time), commencing 60 days after the date of this Loan Agreement.
Section 2.04.
Interest and other charges on the Loan shall be payable
semiannually on 15 February and 15 August in each year.
Section 2.05.
The Bon-ower shall repay the principal amount of the
Loan withdrawn from the Loan Account in accordance withthe provisions of Schedule 2 to this
Loan Agreement.
Section 2.06.
(a)
The Borrower may at any time request any ofthe
following Conversions of the terms ofthe Loan in order to facilitate prudent debt management:
(i)
a change of the Loan Cun-ency of all or any portion of the
principal amount of the Loan, whether withdrawn and
outstanding or unwithdrawn, to anApproved Currency:
(ii)
a change of the interest rate basis applicable to all or any portion
of the principal amount of the Loan withdrawn and outstanding
from a Floating Rate to a Fixed Rate, orvice versa; and
(iii)
the setting of limits on the Floating Rate applicable to all or any
portion of the principal amount of the Loan withdrawn and
outstanding by the establishment of an Interest Rate Cap or
Interest Rate Collar on said Floating Rate.
(b) Any conversion requested pursuant to subsection (a) hereinabove that
is accepted by ADB shall be considered a "Conversion", as defined in Section 2.01 of the
Loan Regulations, and shall be effected in accordance with the provisions of Article Vof the
Loan Regulations andthe Conversion Guidelines.
ARTICLE III
Use of Proceeds of the Loan
Section 3.01.
The Borrower shall causethe proceeds oftheLoan to be
applied exclusively to the financing of Eligible Expenditures on the Project in accordance with
the provisions ofthis Loan Agreement.
Section 3.02.
The proceeds of the Loan shall be allocated and
withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such
Schedule may be amended from time to time by agreement between the Borrower and ADB.
Section 3.03.
Except as ADB may otherwise agree, theBorrower shall
Section 3.04.
The Loan Closing Date for the purposes of S^tion9.02
procure, or cause to be procured, the items of Eligible Expenditures to be financed out of the
proceeds of the Loan in accordance with the provisions of Schedule 4to this Loan Agreement.
of the Loan Regulations shall be 31 October 2023 or such other date asmay from time to time
be agreed between the Borrower and ADB.
ARTICLE IV
Particular Covenants
Section 4.01.
In the carrying out of the Project, the Bon-ower shall
perfonn, or cause to be performed, all obligations set forth in Schedule 4 to this Loan
Agreement.
Section 4.02.
(a)
The Borrower shall, through the Project
Executing Agency, (i) maintain separate accounts and records for the Project; (ii) prepare
annual financial statements for the Project in accordance with financial reporting standards
acceptable to ADB; (iil) have such financial statements audited annually by independent
auditors whose qualifications, experience and terms of reference are acceptable to ADB, in
accordance with auditing standards acceptable to ADB; (iv) as part of each such audit, have
the auditors prepare a report, which includes the auditors' opinion(s) on the financial
statements and the use of the Loan proceeds, and a management letter (which sets out the
deficiencies in the internal control oftheProject that were identified in thecourse oftheaudit,
if any); and (v) furnish to ADB, no later than 6 months after the end of each related fiscal year,
copies of such audited financial statements, audit report and management letter, all in the
English language, and such other information conceming these documents and the audit
thereof as ADB shall from time to time reasonably request.
(b)
ADB shall disclose the annual audited financial statements for the
Project and the opinion of the auditors on the financial statements within 14 days of the date
ofADB's confirmation of theiracceptability by posting them on ADB's website.
(c)
The Bon-ower shall, through the Project Executing Agency, enable ADB,
upon ADB's request, to discuss the financial statements for the Project and the Borrower's
financial affairs where they relate to the Project with the auditors appointed pursuant to
subsection (a)(iii) hereinabove, and shall authorize and require any representative of such
auditors to participate in any such discussions requested by ADB. This is provided that such
discussions shall be conducted only in the presenceof an authorized officer ofthe Bonrower,
unless the Borrower shall othenwise agree.
Section 4.03.
The Borrower shall, through the Project ^ecuting
Agency, enable ADB's representatives to inspect the Project, the Goods and Services, and
any relevant records and documents.
ARTICLE V
Effectiveness
Section 5.01.
The following are specified as additional conditions to the
effectiveness of this Loan Agreement for the purposes of Section 10.01(f) of the Loan
Regulations: the ADB Project Investment Component Loan Agreement shall have been duly
executed and delivered on behalf of the Borrower, and all conditions precedent to Its
effectiveness (other than a condition requiring theeffectiveness ofthis Loan Agreement) shall
have been fulfilled.
Section 5.02.
A date 90 days after the date of this Loan Agreement is
specified for the effectiveness ofthis Loan Agreement for the purposes ofSection 10.04 ofthe
Loan Regulations.
ARTICLE VI
Miscellaneous
Section 6.01.
The l\/linister of Finance of the Borrower is designated as
representative ofthe Borrower for the purposes of Section 12,02 ofthe Loan Regulations.
Section 6.02.
The following addresses are specified for the purposes
of Section 12.01 of the Loan Regulations:
For the Borrower
Ministry of Finance
16 V. Gorgasali Street, 0114
Tbilisi, Georgia
Email: publicdebt@mof.ge
For ADB
Asian Development Bank
6 ADB Avenue
Mandaluyong City
1550 Metro Manila
Philippines
Facsimile Numbers:
(632) 8636-2444
(632) 8636-2338.
IN WITNESS WHEREOF the parties hereto, acting through their
representatives thereunto duly authorized, have caused this Loan Agreement to be signed in
their respective names as of the day and year first above written and to be delivered at the
pnncipal office of ADB.
GEORGIA
Bv
;ha khutsishvili
Minister of Finance
ASIAN DEVELOPMENT BANK
By
^
SHANE J. ROSENTHAL
Country Director
Georgia Resident Mission
9
SCHEDULE 1
Description of the Project
1.
The objective ofthe Project is: to vaccinate target populations against COVID-
19. The Project is described in more detail inthe Governor's Letter.
2.
The Project shall comprise procurement of. (a)vaccines thatmeetthe Eligibility
Criteria; (b) safety boxes, syringes, and other items required for the administration of the
vaccines; and (c) international and national logistics and related services required for the
transportation of vaccines from the place of purchase todesignated delivery points in Georgia.
3.
The Project is expected to be completed by 30 April 2023.
10
SCHEDULE 2
Amortization Scheduie
1.
The following tablesets forth the Principal Payment Dates ofthe Loan andthe
percentage of thetotal principal amount of the Loan payable on each Principal Payment Date
(Installment Share). If the proceeds of the Loan shall have been fully withdrawn as of the first
Principal Payment Date, the principal amount of the Loan repayable by the Bon^ower on each
Principal Payment Date shall be determined by ADB by multiplying (a) the total principal
amount ofthe Loan withdrawn and outstanding as ofthe first Principal Payment Date; by (b)
the Installment Share for each Principal Payment Date, such repayment amount to be
adjusted, as necessary, todeduct any amounts refen-ed to In paragraph 4 of this Schedule, to
which a Currency Conversion applies.
Pavment Due
Installment Share
(Expressed as a %)
16 February 2025
15 August 2025
15 February 2026
15 August 2026
15 February 2027
15 August 2027
15 Febmary 2028
15 August 2028
15 February 2029
15 August 2029
15 February 2030
15 August 2030
15 Febnjary 2031
15 August 2031
7.142857
7.142857
7.142857
7.142857
7.142857
7.142857
7.142857
7.142857
7.142857
7.142857
7.142857
7.142857
7.142857
7.142859
100.000000
Total
2.
If the proceeds ofthe Loan shall not have been fully withdrawn as ofthe first
Principal Payment Date, the principal amount ofthe Loan repayable by the Borrower on each
Principal Payment Date shall be determined as follows:
(a)
to the extent that any proceeds ofthe Loan shall have been withdrawn
as of the first Principal Payment Date, the Bon-ower shall repay the
amount withdrawn and outstanding as of such date in accordance with
paragraph 1 of this Schedule; and
(b)
any withdrawal made after the first Principal Payment Date shall be
repaid on each Principal Payment Date falling after the date of such
withdrawal in amounts detemnined byADB by multiplying the amount of
each such withdrawal by a fraction, the numerator of which shall be the
original Installment Share specified in the table in paragraph 1 of this
Schedule for said Principal Payment Date (the Original Installment
Share) and the denominator of which shall be the sum of all remaining
11
Schedule 2
Original Installment Shares for Principal Payment Dates falling on or
after such date, such repayment amounts to be adjusted, as necessary,
to deduct any amounts referred to in paragraph 4 of this Schedule, to
which a Currency Conversion applies.
3.
Withdrawals made within 2 calendar months prior to any Principal Payment
Dateshall, forthe purposes solely ofcalculating the principal amountspayable on any Principal
Payment Date, be treated as withdrawn and outstanding on the second Principal Payment
Date following the date ofwithdrawal and shall be repayable on each Principal Payment Date
commencing with the second Principal Payment Datefollowing the date ofwithdrawal.
4.
Notwithstanding the provisions of paragraphs 1 and 2 of this Schedule, upon a
Currency Conversion of all or any portion of the withdrawn principal amount of the Loan to an
Approved Currency, the amount so converted in said Approved Currency that shall be
repayable on any Principal Payment Date occurring during the Conversion Period, shall be
determined by ADB by multiplying such amount in its currency of denomination immediately
prior to said Conversion by either (a) the exchange rate that reflects the amounts of principal
insaid Approved Currency payable byADB under the Currency Hedge Transaction relating to
said Conversion: or (b) ifADB so determines in accordance with the Conversion Guidelines,
the exchange rate component of the Screen Rate.
5.
Ifthe principal amount of the Loan withdrawn and outstanding from time to time
shall be denominated in more than one Loan Currency, the provisions of this Schedule shall
apply separately to the amount denominated in each Loan Cunrency, so as to produce a
separate amortization schedule for each such amount.
12
SCHEDULE 3
Allocation and Withdrawal of Loan Proceeds
Ssnemi
1.
The table attached to this Schedule sets forth the Categories of items of Eligible
Expenditures to be financed out of the proceeds of the Loan and the allocation of the Loan
proceeds to each such Category ("Table"). (Reference to "Category" in this Schedule is to a
Category of the Table.)
Basis for Withdrawal from the Loan Account
2.
Except as ADB may otherwise agree, the proceeds of the Loan shall be
allocated to items of Eligible Expenditures, and disbursed on the basis of the withdrawal
percentage for each item of expenditure set forth in the Table.
3.
With respect to any COVID-19 vaccine, ADB shall only finance those that
continue to qualiiy as an Eligible Vaccine at the time a withdrawal request is made from the
Loan Account.
Inter^t gnd Commitment Qharg^g
4.
The amount allocated to Category "Interest and Commitment Charges" is for
financing interest and commitment charges on the Loan during the implementation period of
the Project. ADB shall be entitled to withdraw from the Loan Account and pay to itself, on behalf
of the Borrower, the amounts required to meet payments, when due, of such interest and
commitment charges.
Reallocation
6.
Notwithstanding the allocation of Loan
percentages set forth in the Table,
(a)
proceeds and the withdrawal
if the amount of the Loan allocated to any Category appears to be
insufficient to finance all agreed expenditures in that Category, ADB
may, by notice to the Bon^ower, (i) reallocate to such Category, to the
extent required to meet the estimated shortfall, amounts of the Loan
which have been allocated to another Category but, in the opinion of
ADB, are not needed to meet other expenditures; and (ii) if such
reallocation cannot fully meet the estimated shortfall, reduce the
withdrawal percentage applicable to such expenditures in order that
further withdrawals under such Category may continue until all
expenditures thereunder shall have been made; and
(b)
if the amount of the Loan allocated to any Category appears to exceed
all agreed expenditures in that Category, ADB may, by notice to the
Borrower, reallocate such excess amount to any other Category.
13
Schedule 3
Disbursement Procedures
6.
Except as ADB may otherwise agree, the Loan proceeds shall be disbursed In
accordance with the Loan Disbursement Handbook.
Advance Financing and Retroactive Financing
7.
Withdrawals from the Loan Account may be madeforadvance financing forup
to 6 months of estimated Eligible Expenditures or 50% of the total Loan amount, whichever is
lower, in accordance with the advance fund procedures described In the Loan Disbursement
Handbook.
8.
Withdrawals from the Loan Account may be made for Eligible Expenditures
incurred underthe Project before the Effective Date inconnectionwith itemsto be retroactively
financed, subject to a maximum amount equivalentto 30% ofthe Loan amount; provided that
the expenditures have been incurred after the declaration of the COVID-19 emergency, but
not earlier than 12 months before the date of this Loan Agreement.
9.
The aggregate ofthe outstanding balance ofthe advance financing amountand
the percentage approved for retroactive financing shall not, at any time, exceed 60% of the
Loan amount.
Condition for Withdrawals from Loan Account
10.
Notwithstanding any other provision of this Loan Agreement, no withdrawals
shall be made from the Loan Account for financing Eligible Vaccines until:
(a)
ADB has received a letterfrom the Project ExecutingAgency, on behalf
of the Bon-ower, confirming (i) which COVID-19 vaccine(s) has/have
been selected to be procured using the proceeds ofthe Loan; (ii) which
of the Eligibility Criteria has been satisfied in respect of the selected
COVID-19 vaccines; and (Hi) that such COVID-19 vaccine(s) has/have
received all necessary authorizations of the Borrower, and have been
authorized by the Drug Regulatory Authority of Georgia and any other
relevant regulatory authorities for distribution and administration within
theten-itory of the Borrower; and
(b)
based on the information provided in the aforementioned letter, ADB
has notified the Borrower that the COVID-19 vaccine(s) to be procured
are designated as Eligible Vaccines.
ALLOCATION AND WITHDRAWAL OF LOAN PROCEEDS
Total Amount Allocated i
forADB Financing
Number
Item
€
Basis for Withdrawal
from the Loan Account
Category
1
2
3
' Eligible Vaccines
(Goods and Services)**
i Interest and
Commitment Cliarges
Unallocated
10,775,000
205,000
100% of total expenditure
claimed*
100% of amounts due
1,199,000
TOTAL
Subjectto the condition forwithdrawal describedin paragraph 10 ofSchedule3.
-U*h'-
IWv/-^\v'c
15
SCHEDULE 4
Execution of Project; Financial IVIatters
Implementation An^naements
1
The Borrower shall ensure, or cause the Project Executing Agency to erisure,
that the Project is implemented in accordance with the detailed an-angements set forth in the
PAIVI. Any subsequent change to the PAM shall become effective only after approval of such
change by the Borrower and ADB. In the event of any discrepancy between the PAM and this
Loan Agreement, the provisions of this Loan Agreement shall prevail.
Procurement
2.
The Borrower shall ensure, or cause the Project Executing Agency, to ensure
that:
(a)
unless otherwise approved by ADB, the procurement of Goods and
Services is carried out in accordance with the Procurement Policy and
the Procurement Regulations:
(b)
Goods and Services shall be procured based on the detailed
arrangements set forth in the Procurement Plan, including the
procurement and selection methods, the type of bidding documents, and
ADB's review requirements. The Borrower may modify the detailed
arrangements set forth in the Procurement Plan only witii the prior
agreement of ADB, and such modifications must be setout in updates
to the Procurement Plan;
(c)
Goods and Sen/ices may also be procured under the Project from nonmember countries of ADB; and
(d)
(i) all Goods procured and Sen/ices obtained (including all computer
hardware, software and systems, whether separately procured or
incorporated within other goods and services procured) do not violate or
infringe any industrial property or intellectual property right or claim of
any third party; and (ii) all contracts for the procurement of Goods and
Services contain appropriate representations, warranties and, if
appropriate, indemnities from the contractor, supplier, consultant or
service provider with respect to the matters refen'ed to in this
subparagraph.
Safeguards
3.
The Borrower shall ensure, or cause the Project Executing Agency to ensure
that the Project does not have any environmental, indigenous peoples or involuntary
resettlement impacts, all within the meaning of the SPS. In the event that the Project does
have any such impact, the Borrower shall take all steps required to ensure that the Project
complies with the applicable laws and regulations of the Bon-ower and with the SPS.
16
Schedule 4
Prohibited List of Investments
4.
The Borrower shall ensure, or cause the Project Executing Agency to ensure,
that no proceeds of the Loan are used to finance any activity included in the list of prohibited
investment activities provided in Appendix 5 of the SPS.
Vaccine Selection: Vaccination Allocation Plan
5.
The Borrower:
(a)
represents that it has conducted its own due diligence, and made its
own independent detemiination of, the quality, safety, and efficacy of
the Eligible Vaccines to be procured under the Project;
(b)
shall ensure, and cause the Project Executing Agency to ensure, that
Loan proceeds allocated for financing of vaccines shall only be used for
the procurement, distribution or administration of a vaccine which has
been confirmed by ADB to be an EligibleVaccine;
(c)
assumes sole responsibility for the selection, importation, procurement,
distribution, marketing or administration, of any Eligible Vaccine under
the Project, and agrees that ADB shall have no responsibility or liability
in respect thereof;
(d)
shall ensure, and cause the Project Executing Agency to ensure, that
the deployment, distribution and administration of EligibleVaccines are
implemented in accordance with the Vaccination Allocation Plan; and
(e)
shall (i) inform and exchange views with ADB on any changes to the
Vaccination Allocation Plan and any sector, legal, regulatory or policy
reforni discussions that may be held with other bilateral or multilateral
agencies that may have implications on the implementation of the
deployment, distribution and administration ofthe Eligible Vaccines; and
(ii) provide ADB a reasonable opportunity to comment on any resulting
policy proposal.
6.
In instances where any COVID-19 vaccine whichADB has not confirmed as an
Eligible Vaccine is proposed for procurement under the Project subsequent to the initial
withdrawal from the Loan Account foranyEligible Vaccine, the Borrower shall ensure, orcause
the Project Executing Agency to ensure, that no withdrawal request is made from the Loan
Account in relation to such vaccine until:
(a)
ADB has received a letter from the Project Executing Agency, onbehalf
of the Borrower, confinning (i) which of the Eligibility Criteria has been
satisfied in respect of such vaccine; and (ii) that such vaccine has
received all necessary authorizations of the Borower, and has been
authorized by the ARMPA and any other relevant regulatory authorities
for distribution and administration within the territory of the Bon'ower;
and
17
Schedule 4
(b)
based on the information provided in the aforementioned letter, ADB has
notified the Borrower that such vaccine is designated as an Eligible
Vaccine.
Compliance with Local Laws
7.
The Borrower shall ensure, or cause the Project Executing Agency to ensure,
that the selection, importation, procurement, deployment, distribution, marketing,
administration and disposal of any Eligible Vaccine is conducted in accordance with the
applicable laws and regulations of the Borrower.
The Borrower, through the Project Executing Agency, ARMPA, and any other
relevant regulatoiy authorities, shall promptly take all such steps as may be necessary to
facilitate the continuing authorization of Eligible Vaccines for distribution and administration
within thetenitory ofthe Borrower, including through the prompt issuance orrenewal of all the
necessary authorizations, provided that the requisite quality, safety, efficacy and other legal
requirements for authorization continue to be met. The Borrower shall promptly inform ADB of
any event orcircumstance which may arise that may prevent, hinder, delay or place conditions
on such continuing authorization.
Vaccine Storage. Transportation and Waste Management
The Borrower shall ensure, or cause the Project Executing Agency to ensure,
tnStI
(a)
Eligible Vaccines are properly stored, handled and transported within
the territory of the Bon-ower to preserve their quality, efficacy and safety
in accordance with, the relevant vaccine manufacturer's requirements,
applicable laws and regulations of the Borrower and international good
practice, including the effective vaccine management framework ofthe
Worid Health Organization and the United Nations Children's Fund; and
(b)
any medical or other waste generated in connection with the storage,
transportation, distribution or administration of Eligible Vaccines and
associated medical equipment is properly treated, disposed of and
managed in accordance with the Vaccination Allocation Plan and the
Bon-ewer's regulations on medical waste management.
Limitation of Liabilify
'•0-
The Borrower acknowledges and agrees that:
(a)
the confirmation by ADB of any vaccine asan Eligible Vaccine does not
constitute an endorsement, or wan-anty of the fitness, by ADB of such
vaccine for any particular purpose, including with regard to its quality,
safety or efficacy, and the Borrower is exclusively responsible for
authorizing the use of any Eligible Vaccines, for distribution and
administration within the territory of the Bon-ower, including but not
limited to quality monitoring throughout the supply chain, compliance
with applicable treatment guidelines and application of measures to
monitor and address adverse reactions; and
18
Schedule 4
(b)
ADB disclaims any and all financial or other liability and responsibility
for any injury, death, loss, damage or other prejudice of any kind
whatsoever that may arise as a result of or in connection with the
selection, procurement, importation, manufacturing, fill and finish,
distribution, marketing, administration or use of any vaccine under the
Project or the treatment, disposal, or management of any medical or
other waste generated in connection with the storage, handling,
transportation, distribution or administration of any such vaccine.
Financial Management
11.
The Borrower shall ensure, or cause the Project Executing Agency to ensure,
that the financial management action plan, which sets out specific time-bound actions, as
summarized in the PAM, is implemented in accordance with its terms.
Gender and Development
12.
The Bon'ower shall ensure, or cause the Project Executing Agency to ensure,
that (a) the GAP is implemented in accordance with its terms; (b) the bidding documents and
contracts include relevant provisions for contractors to comply with the measures set forth in
the GAP; (c)adequate resources are allocated forimplementation ofthe GAP; and (d)progress
on implementation ofthe GAP, including progress toward achieving key gender outcome and
output targets, are regularly monitored and reported to ADB.
Counterpart Support
13.
The Borrower shall ensure that the Project Executing Agency has sufficient
funds to promptly satisfy its liabilities arising from any Goods and/orServices contract.
Govemance and Anticorruption
14.
The Borrower and the Project Executing Agency shall (a) comply with ADB's
Anticorruption Policy (1998, as amended to date) and acknowledge that ADB reserves the
right to investigate directly, or through its agents, any alleged corrupt, fraudulent, collusive or
coercive practice, or other integrity violations relating to the Project; and (b) cooperate with any
such investigation and extend all necessary assistance for satisfactory completion of such
investigation.
15.
The Borrower and the Project Executing Agency shall ensure that the
anticormption provisions acceptable to ADB are included in all bidding documents and
contracts, including provisions specifying the right of ADB to audit and examine the records
and accounts of the executing and implementing agencies and all contractors, suppliers,
consultants, and other sen/ice providers as they relate to the Project. Firms or individuals who
are debarred or temporarily suspended by ADB are ineligible to participate in ADB financed,
administered or supported activities.