Rural productivity support program

A.I.D. will transfer $47.5 million in U.S. dollars to the GOP and the GOP will deposit an equivalent amount in pesos into a Special Account (SA) to be used to support RPSP projects delayed by GOP budget shortfalls. Nonstandard conditions precedent are that the GOP submit to A.I.D.: (1) a Certification of Funds Available, committing the GOP to make available during 1985 all peso counterpart and grant/loan proceeds associated with RPSP; (2) a list of rural-based projects, with budgeted funding data; (3) an implementation and monitoring plan for RPSP projects; (4) certification prior to the release of pesos from the SA that the GOP has issued Advices of Allotment (AA) authorizing obligations for the RPSP; (5) certification that any public sector corporation or parastatal included under RPSP has agreed to limit use of funds to agreed-upon purposes and can be audited by the GOP. Project covenants are: (1) no changes will be made to the agreed-upon list of RPSP projects without A.I.D. approval; (2) no changes will be made to AA"s for RPSP projects; and (3) quarterly reports on the status of RPSP will be provided to A.I.D.