Amendment No. 1 to the Administration Agreement between the Republic of Korea, acting through its
Ministry of Economy and Finance and the International Bank for Reconstruction and Development and
the International Development Association concerning the World Bank Group Partnership Fund for the
SDGs Multi-Donor Trust Fund (Trust Fund No. TF073154)


1.      Reference is made to the Administration Agreement between the Republic of Korea, acting through
its Ministry of Economy and Finance (the “Donor”) and the International Bank for Reconstruction and
Development and the International Development Association (collectively, the “Bank”, and together with
the Donor, the “Parties” and each a “Party”) concerning the World Bank Group Partnership Fund for the
SDGs Multi-Donor Trust Fund No. TF073154 (the “Trust Fund”) effective as of April 12, 2019 (the
Administration Agreement”).

2.     The Parties agree to amend the Administration Agreement as follows:

       Paragraph 5.1 of Annex 2 shall be deleted and replaced with the following:

       “5.1.     It is expected that the funds deposited in the Trust Fund will be fully disbursed by the
       Bank by April 30, 2027 (the “End Disbursement Date”). The Bank shall only disburse funds
       deposited in the Trust Fund for the purposes of this Administration Agreement (other than returns
       to Donors) after such date to the extent such date is changed in accordance with amendments made
       to the Administration Agreements of all the Donors. Following the End Disbursement Date, the
       Bank shall return any remaining balance of the Trust Fund to each Donor in the Holding Currency
       in the manner specified in its respective Administration Agreement on a pro rata basis with regard
       to the total funds deposited in the Trust Fund by such Donor relative to the total funds deposited in
       the Trust Fund by all Donors, all calculated as Holding Currency amounts.”

3.     All other terms of the Administration Agreement shall remain the same.

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4.     Each of the Parties represents, by confirming its agreement below, that it is authorized to enter into
this Amendment and act in accordance with these terms and conditions. The Parties are requested to sign
and date this Amendment, and upon possession by the Bank of this fully signed Amendment, this
Amendment shall come into effect as of the date of the last signature.


INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
INTERNATIONAL DEVELOPMENT ASSOCIATION


By:      _______________________________/s1/
              Sheila Redzepi
Name: _______________________________/n1/
              VP External and Corporate Relation, World Bank Group
Title:   _______________________________/t1/
              26-May-2022
Date:    _______________________________/d1/




REPUBLIC OF KOREA, acting through its MINISTRY OF ECONOMY AND FINANCE


By:      _______________________________/s2/

           Jun Ho Shin
Name: _______________________________/n2/

Title:                                  /t2/Division
         Director for Development Finance
         _______________________________

Date:          27-May-2022
         _______________________________/d2/




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