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The TL/DTL and the Project Director shall submit to both Executive Authorities an annual report (both narrative and financial) in English. The first annual report on the progress made in the execution of the Project and on the expenditure incurred by both Parties will cover the period from start until 30 June 2019; subsequent annual reports will follow the Bangladesh Fiscal Year, i.e. cover the period from 1 July until 30 June of the next year. The information on the Technical Assistance (TA) budget expenditure will be shared with the Bangladesh Party. The approval or rejection of expenditures made from the Netherlands contribution is entirely and solely at the discretion of the Netherlands Executive Authority. However, in case of such rejection, the causes are to be informed to the Bangladesh’s Executive Authority in due course. On completion of the Project, the TL/DTL and the Project Director shall submit to all parties involved a final report in English on all aspects of the work done in connection with the Project. All reports including the final report of the Project will be provided to the Bangladesh Party also.

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