Translation of "Projet en cours digne d'intérêt " (French → English) :

Because the entity referred to in the response to Q-972 was involved in active projects in several countries, CIDA took the following specific measures to protect the interests of the Crown: CIDA established a multi-disciplinary task force to oversee a common, integrated and corporate approach to managing the situation and mitigating potential risks; discussions and meetings were held with senior representatives of the organization, who provided detailed information on the extent and severity of the financial situation, and the likely operational impacts; based on the initial information received, as well as a review of the current sta ...[+++]tus of project implementation, management arrangements and contractual terms and conditions, CIDA completed an internal review and assessment of the fiduciary and other risks across each program; a proactive monitoring and integrated risk management approach was developed and agreed with the organization, which featured open and direct channels of communication at a senior level to provide regular updates on the financial situation and recovery as well as to facilitate the dissemination of information on operational progress across the agency and decision-making on individual projects; in projects where the organization was part of a consortium, the agency agreed, on a non-objection basis, to the transfer or assignment of the lead implementation role to other well-established members or partners, who were jointly and severally liable; for projects where the organization was solely responsible for delivery or implementation, the agency took steps to ensure that all financial and performance guarantees were enforceable, in case of need; as part of its efforts to continue operations and remain a going concern, the organization presented a comprehensive business plan and financial projections that were developed with legal and financial third party advisors, a plan was subsequently validated by independent auditors as part of the due ...

declare that the delayed payment by the Commission of the last instalment of the funds payable to the applicant in respect of the work contract ‘Collaboration Environment for Strategic Innovation (Laboranova)’, amounting to EUR 20 665,17, constitutes a breach of its contractual obligations and order the Commission to pay to the applicant the sum of EUR 20 665,17, in respect of the expenses incurred by the applicant in the fourth reference period of the Laboranova work, with interest from 12 October 2011;

Commissioner Georgieva expressed her gratitude to all who have already engaged in the consultations, and invited more interested parties to use the remaining time to join the effort for making the future voluntary corps a successful and meaningful project.

The interests of regional and local authorities, as well as those of local civil society affected by a project of common interest, should be appropriately taken into account in the planning and construction phase of projects.