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100) As defined in the 'Procurement Instructions for Recipients' (PIR) of the AIIB/the Bank, 'Recipient' means the beneficiary of Bank financing for a Project, which is responsible for the procurement of goods, works and services required for the Project.

101) Further the said PIR of the AIIB provides that the Recipient is responsible for implementing the Project, including all aspects of the procurement process from strategic planning to the award and management of contracts and that the said Recipient shall retain all procurement documentation and records of procurement contracts financed by the Bank as required in the Legal Agreements.