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2.12 The climate change risk assessment carried out by ANAM’s Climate Change<br />

Unit in 2010, along with specific data for PAs, show that climate change factors 7<br />

have a low to moderate risk regarding the activities of this project. However,<br />

factors such as ocean warming and coral bleaching could constitute strong risks<br />

for the biological diversity of marine PAs such as Bastimentos Island in the<br />

Caribbean and Coiba Island in the Pacific. To mitigate such risk, the project will<br />

work in close collaboration with ANAM’s Climate Change Unit to streamline<br />

ecological monitoring programs and integrate protocols for climate change and<br />

invasive species on a regular basis as part of the PMEMAP and the project`s<br />

monitoring schedule.<br />

III. IMPLEMENTATION AND MANAGEMENT PLAN<br />

E. Summary Implementation Arrangements<br />

1. Executing Agency<br />

3.1 The Executing Agency will be the Autoridad Nacional del Ambiente (ANAM),<br />

which will assume full responsibility for project coordination, administration,<br />

financial and accounting management, including procurement and the preparation<br />

of annual operating budgets and progress monitoring and evaluation reports.<br />

Specific responsibilities of the Executing Agency include, but are not limited to:<br />

(i) maintain adequate accounting and financial controls, including a separate<br />

account for the purposes of this project; (ii) maintain appropriate support<br />

documentation filing systems for verification by the Bank and the external<br />

auditing firm; (iii) prepare and submit to the Bank disbursement requests and<br />

corresponding justification of expenses; (iv) prepare and obtain Bank approval for<br />

all bidding documents required to hire consulting firms, consultants and for the<br />

acquisition of goods; (v) coordinate the bidding processes according to Bank<br />

policies and Panamanian norms; (vi) monitor quality of the goods and services<br />

provided by contracted parties and making the corresponding payments;<br />

(vii) prepare and submit to the Bank the Program`s Financial Plan, which results<br />

from the procurement plan and the annual plan of operations (APO); and,<br />

(viii) record and control the results of the project through the agreed indicators.<br />

3.2 ANAM will assign a project coordinator and an ecotourism specialist to support<br />

the DAPVS to carry out the activities of the project and to closely monitor the<br />

financial management of the program. A financial specialist and a procurement<br />

specialist will also be contracted to assist ANAM in the execution of procurement<br />

activities, supervision of main contracts and provision of other financial<br />

assistance. These specialists will be based at DAPVS located within ANAM<br />

offices in Panama City.<br />

7 Such as increased storm and hurricane events, sea level rise, increase in occurrence and severity of drought<br />

episodes, and iinvasive species proliferation.

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