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For the purpose of this questionnaire, and in accordance with the International Monetary Fund’s definition (https://www.imf.org/external/np/sta/di/glossary.pdf), a foreign firm is a foreign-owned domestically incorporated enterprise (e.g. subsidiaries) in which a foreign investor owns 10 percent or more of the ordinary shares or voting power.)×
Material Adverse Government Action means any act or omission by the procuring authority or other relevant authority, which occurs during the term of the PPP Contract and which has a material adverse effect on (i) the ability of the PPPCo to comply with any of its material obligations under this PPP Contract and/or (ii) the cost or the profits arising from such performance.)×
A financial model is an analytical tool that allows the user to assess the financial robustness of the project by representing its expected financial performance, including cash flows, returns, etc. Not to be confused with a financial proposal.)×
To conduct the analysis on Senegal Benchmarking Public Procurement team referred to the Decree 2014-1212 of September 22, 2014 related to the Public Procurement Code. This decree is based on (i) the West African Economic and Monetary Union (WAEMU) Directives n 04/2005/CM/UEMOA on public procurement procedures de l'UEMO, and (ii) Senegalese "Code des Obligations de l'Administration (COA)"-- Administrations' Obligations Code; To conduct the analysis on Senegal, for the Public-Private Partnerships Procurement topic, the team referred to Law No. 65-51 of July 19, 1965, Law No. 2006-16 of June 30, 2006, Law No. 2014-09 of February 20, 2014, Law No. 2015-03 of February 12, 2015,and Decree No. 2015-386 of March 20, 2015.
To conduct the analysis on Senegal, for the Public-Private Partnerships Procurement topic, the team referred to Law No. 65-51 of July 19, 1965, Law No. 2006-16 of June 30, 2006, Decree No. 2014-1212 of September 22, 2014, Law No.2002-23 of September 4, 2002 on "Regulation for Concessionnaire Enterprises of Public Services", Decree N0. 2007-546 of April 25, 2007 on "Organization and Functioning of the Regulatory Authority of Public Procurement", and Order No. 011586 of December 28, 2007.×