5.      Budget

The total cost of the Financing Agreement (FA) “Food Security 2012 Bangladesh- Ujjibito”, signed on 28 May 2013, is at EUR 110,002,635, of which maximum EUR 38, 000, 000 will be financed by the European Union (EU), EUR 71,450,000 by the Government of Bangladesh (GoB) and EUR 552,635 by Palli Karma-Sahayak Foundation (PKSF). It includes a Grant Contract (the subject of this Action) between EU, represented by the European Commission, and PKSF with a total budget provision of EUR 11,052,635, of which maximum EUR 10,500,000 (equivalent to 95% of the total eligible cost of the Action) will be contributed by the EU and EUR 552,635 by PKSF.