Article 3
1
The financial reference amount for the implementation of the projects referred to in Article 1(2) shall be EUR 2 738 708,98.
2
The expenditure financed by the amount set out in paragraph 1 shall be managed in accordance with the procedures and rules applicable to the general budget of the Union.
3
The Commission shall supervise the proper management of the expenditure referred to in paragraph 1. For that purpose, it shall conclude a financing agreement with OAS/CICTE Secretariat. That agreement shall stipulate that OAS/CICTE Secretariat is to ensure the visibility of the Union’s contribution, appropriate to the size of that contribution.
4
The Commission shall endeavour to conclude the financing agreement referred to in paragraph 3 as soon as possible after the entry into force of this Decision. The Commission shall inform the Council of any difficulties in that process and of the date of conclusion of the financing agreement.