(1) Applications for disbursements received in response to an invitation to apply shall be assessed, in accordance with the assessment criteria published in respect of the invitation concerned, by or on behalf of the Minister of the Government who invited the applications under section 43A.
(2) Following the assessment of the applications under subsection (1), the Minister of the Government concerned or the person who carried out the assessment on his or her behalf, shall prepare a report of the results of the assessments which shall include the following:
(a) a list of the applications received and the programme or type of project to which the applications relate;
(b) a recommendation in respect of each application as to whether or not such application should be approved for a disbursement from the account;
(c) the reasons for the recommendation;
(d) if a disbursement is recommended, the amount of the disbursement recommended.
(3) Following consideration of a report prepared under s
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