REDD COUNTRY PARTICIPATION AGREEMENT
BETWEEN
THE ORIENTAL REPUBLIC OF URUGUAY
AND
THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT AS TRUSTEE OF THE READINESS FUND OF THE FOREST CARBON PARTNERSHIP FACILITY
Aprobado/a por: Resolución Nº 587/014 de 28/10/2014 numeral 1.
("Trustee of the Readiness Fund")
Whereas:
A. The Participants Committee ("PC"), through its Resolution
PC/14/2013/2, specified the criteria and the process by which
Qualified Eligible RED) Countries may be selected into the Forest
Carbon Partnership Facility ("FCPF");
B. The Oriental Republic of Uruguay submitted a Readiness Preparation
Proposal ("R-PP") to the Facility Management Team in July 2013, in
accordance with Resolution PC/14/2013/2, and the R-PP was reviewed
by a Technical Advisory Panel ("TAP"), and a working group
consisting of PC members established for this purpose;
C. At the sixteenth meeting of the PC, the Oriental Republic of
Uruguay presented its RPP and was encouraged to resubmit its R-PP
for formal assessment and consideration for selection at the
seventeenth meeting of the PC;
D. The Oriental Republic of Uruguay subsequently revised its R-PP, and
the revised R-PP was reviewed by a TAP, and a working group
consisting of PC members established for this purpose;
E. The PC reviewed the revised R-PP in accordance with Section 11.1
(b) of the Charter Establishing the FCPF ("Charter") at its
seventeenth meeting, and acknowledged the extensive efforts made by
the Oriental Republic of Uruguay, and the high quality of the R-PP;
F. The PC, at its seventeenth meeting, selected the Oriental Republic
of Uruguay into the FCPF as one of the Qualified Eligible REDD
Countries; and
G. Section 6.2(b) of the Charter provides that an Eligible REDD
Country shall enter into a REDD Country Participation Agreement
("Participation Agreement") with the Trustee of the Readiness Fund
to become a REDD Country Participant.
The Oriental Republic of Uruguay ("REDD Country Participant") and the
Trustee of the Readiness Fund enter into this Participation Agreement on
the terms and conditions set forth below:
Article 1 Definitions
1.01 Capitalized terms hereinafter appearing in this Participation
Agreement, but not otherwise defined, shall have the same meaning
as that ascribed to them in the Charter or the relevant PC
Resolution, and the terms set forth below shall have the following
meanings:
(a) "Agreement" or "Participation Agreement" means this
participation agreement and the attachment attached hereto;
(b) "Charter" means the Charter Establishing the Forest Carbon
Partnership Facility, as amended from time to time; and
(c) "Facility" or "FCPF" means the Forest Carbon Partnership
Facility.
Article II The Charter
2.01 The parties to this Agreement agree to be bound by all the
relevant provisions of the Charter attached hereto as Attachment 1
and incorporated into this Participation Agreement by this
reference.
Article III Commitment
3.01 The REDD Country Participant declares its commitment to revise
its R-PP in accordance with Resolution PC/17/2014/7 and, subject
to availability of funds, to implement the R-PP.
3.02 Subject to availability of funds in the Readiness Fund and
decision by the Trustee of the Readiness Fund, the Trustee of the
Readiness Fund shall extend to the REDD Country Participant a
grant(s) for assisting it to fulfill its obligations referred to
in Section 3.01 of this Agreement.
3.03 For the purpose of Sections 3.01 and 3.02 of this Agreement, the
REDD Country Participant, immediately after execution of this
Agreement, may enter into a Grant Agreement with the Trustee of
the Readiness Fund, in which it will set forth, inter alia,
timetable for implementation and conditions for disbursement of
the grant.
Article IV Representations by the REDD Country Participant
4.01 The REDD Country Participant represents that it has:
(a) All necessary power and authority to enter into this Agreement
and to participate in the Facility; and
(b) All necessary power and authority to duly authorize and
execute this Agreement.
4.02 The REDD Country Participant acknowledges that being a
Participant in the Facility does not in any way guarantee that an
Emission Reduction Program it proposes in accordance with Section
6.4 (b) of the Charter and Emission Reductions generated from such
program will be selected or purchased under the Carbon Fund of the
Facility.
Article V Amendment
5.01 This Agreement may only be amended with the written consent of
the parties hereto.
Article VI Termination
6.01 This Agreement may be terminated in accordance the relevant
provisions of the Charter, including:
(a) Termination of the Readiness Fund of the Facility in
accordance with Article 22 of the Charter, in which case
Section 24 (a) (iv) of the Charter shall apply; or
(b) Withdrawal by the REDD Country Participant of its
participation in the Facility in accordance with Section 6.6
of the Charter, in which case Section 6.6 (b) and (c) of the
Charter shall apply.
6.02 Notwithstanding Section 6.01, this Agreement may be terminated by
the Trustee of the Readiness Fund upon three (3) months prior
written notice to the REDD Country Participant, in which case the
participation in the Facility by the REDD Country Participant and
its right in the Grant Agreement to receive the grant that has not
been disbursed by the Trustee of the Readiness Fund, shall be
terminated.
Article VII Effectiveness
7.01 This Agreement shall become effective on the date as of which it
has been executed by the parties thereto.
Article VIII Notice
8.01 All communications shall be in writing (including facsimile
communications), or by telephone (to be promptly confirmed in
writing) or, in the case of communications to the REDD Country
Participant, by electronic mail. Each communication will be made
to the relevant person at the address, facsimile number, telephone
number or electronic mail address, from time to time designated by
that party to the others for that purpose. The address, facsimile
number, telephone number and electronic mail address so designated
are set out below:
REDD Country Participant:
Name: Ministerio de Ganaderia, Agricultura y Pesca
Address: Cerrito 318 primer piso
Attention: Ing Agr. Pedro Soust-Director General Forestal
Telephone: 29151900 int 218
Facsimile: 29151900 int 219
Electronic Mail: dforestal@mgap.gub.uy
psoust@mgap.gub.uy
Trustee:
Name: International Bank for Reconstruction and
Development, as Trustee for the Readiness Fund of the
Forest Carbon Partnership Facility
Address: 1818 H Street, N.W. Washington, D.C. 20433 U.S.A.
Attention: Fund Manager, Forest Carbon Partnership Facility
Telephone: +1 (202) 458-4416
Facsimile: +1 (202) 522-7432
Electronic Mail: fcpfsecretariat@worldbank.org
PARTICIPANT: ORIENTAL REPUBLIC OF URUGUAY
By: _______________________________
Authorized Representative
Name:
Title:
Date:
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT, AS TRUSTEE OF
THE READINESS FUND OF THE FOREST CARBON PARTNERSHIP FACILITY
By: _________________________
Authorized Representative
Name:
Title: Country Director
Date:
Ayuda