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Council Regulation (EEC) No 1762/92Show full title
Council Regulation (EEC) No 1762/92 of 29 June 1992 on the implementation of the Protocols on financial and technical cooperation concluded by the Community with Mediterranean non-member countries
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Article 10
1.Without prejudice to the Bank's mandate provided for in Article 5, the Commission shall be responsible for the implementation of aid and for the terms under which the projects and operations financed with this aid are implemented by the recipient countries or by any other recipients for which provision is made in each of the Protocols concluded with such countries.
2.In close liaison with the relevant authorities of the recipient country or countries, the Commission shall also be responsible for the terms under which the projects financed with Community aid are used by the recipients.
3.In carrying out the controls required by paragraphs 1 and 2, the Commission shall examine, jointly with the Bank, the extent to which the objectives chosen in accordance with the agreements and protocols concluded with the recipient countries have been achieved.
4.The Commission shall send an annual report on the implementation of aid, notably as regards compliance with the terms of paragraphs 1, 2 and 3, to the European Parliament and the Council.
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