21. Article

The NEA, through the Biosafety Project Unit will maintain a separate account for any disbursements pertaining to this Memorandum and shall submit to UNEP on or before the release of the final 25% payment a detailed breakdown of expenditures incurred, duly certified by an authorized official of the NEA. The expenditures will be reported by object of expenditure as per the attached budget (Annex I) of this Memorandum. Any portion of cash advances remaining unspent or uncommitted by the NEA on completion of the activities under this Memorandum will be reimbursed to UNEP within one month of the presentation of the expenditure report. In the event of any delay in such reimbursement NEA will be financially responsible for any adverse movement in exchange rates.