29-Jan-2022 ___________ Mr. Carlos Ivan Simonsen Leal President Fundação Getulio Vargas Praia de Botafogo, No. 190 Rio de Janeiro – RJ, 22250-900 Brazil Re: Global Evaluation Initiative Grant No. TF0B7848 Center on Learning from Evaluation and Results for Lusophone Africa and Brazil Project Additional Instructions: Disbursement and Financial Information Letter Dear Sir, I refer to the Letter Agreement (“Agreement”) International Bank for Reconstruction and Development (“IBRD”) and the International Development Association (“IDA”) (collectively, the “Bank”), acting as administrator of the Global Evaluation Initiative (GEI) Multi-Donor Trust Fund, and Fundação Getulio Vargas- Escola de Economia de São Paulo (“Recipient” or “FGV”), for the above-referenced project, dated February 19,2022 The Standard Conditions, as defined in the Letter Agreement, provide that the _______________. World Bank may issue additional instructions regarding the withdrawal of the proceeds of Grant TF0B7848 (“Grant”), and may set out Project specific financial reporting requirements. This letter (“Disbursement and Financial Information Letter”), as revised from time to time, constitutes such additional instructions. I. Disbursement Arrangements and Withdrawal of Grant Funds The World Bank Disbursement Guidelines for Projects, dated February 1, 2017, (“Disbursement Guidelines”) are available in the World Bank's public website at https://www.worldbank.org, and are an integral part of the Disbursement and Financial Information Letter. The manner in which the provisions in the Disbursement Guidelines apply to the Grant is specified below. Sections and subsections in parentheses below refer to the relevant sections and subsections in the Disbursement Guidelines and, unless otherwise defined in this letter, the capitalized terms used have the meanings ascribed to them in the Disbursement Guidelines. (i) Disbursement Arrangements The table in Schedule 1 provides the disbursement methods which may be used by the Recipient, information on registration of authorized signatures, processing of withdrawal applications (including minimum value of applications and advances), instructions on supporting documentation, and frequency of reporting on the Designated Account. (ii) Withdrawal of Grant Funds (Electronic Delivery) Section 7.01 (c) of the Standard Conditions. The Recipient will deliver Withdrawal Applications (with supporting documents) electronically through the Bank’s web-based portal “Client Connection” at https://clientconnection.worldbank.org. This option will be effected after the officials designated in writing by the Recipient who are authorized to sign and deliver Withdrawal Applications have registered as users of “Client Connection”. The designated officials will deliver Applications electronically by completing the Form 2380, which is accessible through “Client Connection”. By signing the Authorized Signatory Letter, the Recipient confirms that it is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to the Bank by electronic means. The Recipient may exercise the option of preparing and delivering Withdrawal Applications in paper form on exceptional cases (including those where the Recipient encounters legal limitations), and which were previously agreed with the Bank. By designating officials to use SIDC and by choosing to deliver the Applications electronically, the Recipient confirms through the authorized signatory letter its agreement to: (a) abide by the Terms and Conditions of Use of Secure Identification Credentials in connection with Use of Electronic Means to Process Applications and Supporting Documentation, available in the World Bank's public website at https://worldbank.org and “Client Connection”; and (b) to cause such official to abide by those terms and conditions. II. Financial Reports and Audits Section 2.07 (a) and (b) of the Standard Conditions. (i) Financial Reports. The Recipient must prepare and furnish to the Bank not later than forty-five (45) days after the end of each semester, Interim Unaudited Financial Reports (“IUFR”) for the Project covering the semester. (ii) Audits. Each audit of the Financial Statements must cover the period of one fiscal year of the recipient, commencing with the fiscal year in which the first withdrawal was made. The audited Financial Statements for each such period must be furnished to the Bank not later than six (6) months after the end of such period. III. Other Important Information For additional information on disbursement arrangements, please refer to the Loan Handbook available on the World Bank’s website (http://www.worldbank.org) and “Client Connection”. The World Bank recommends that you register as a user of “Client Connection”. From this website you will be able to prepare and deliver Applications, monitor the near real-time status of the Grant, and retrieve related policy, financial, and procurement information. For more information about the website and registration arrangements, or if you have any queries in relation to the above, please write to wfaldtf@worldbank.org using the above reference. Yours sincerely, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT/INTERNATIONAL DEVELOPMENT ASSOCIATION By__________________________/s1/ Brenda Barbour Acting Director Strategy and Operations IEGDG Attachments 1. Form of Authorized Signatory Letter 2. Form of Statement of Expenditure (SOE) 3. Designated Account Reconciliation Statement Schedule 1 - Disbursement Provisions Basic Information Country NA Closing Date Section 3.03 of Article III to the Recipient Fundação Getulio Vargas- Escola de Letter Agreement Economia de São Paulo Grant TF0B7848 Name of the Project Center on Learning from Evaluation and Disbursement Four (4) months after the closing Number Results for Lusophone Africa and Brazil Deadline Date date Project Subsection 3.7 ** Disbursement Methods, and Supporting Documentation Disbursement Methods Methods Available Supporting Documentation Section 2 (**) Subsections 4.3 and 4.4 (**) Direct Payment [Yes] Copy of Records Reimbursement [Yes] Statement of Expenditure (SOE)- Attachment 2 Advance (into a Designated [Yes] Statement of Expenditure (SOE) Attachment 2 and Designated Account Reconciliation Statement Account) (Attachment 3) Special Commitments N/A Not Applicable Designated Account (Section 5 and 6 **) Type Segregated Ceiling Fixed Banco Do Brasil BRL Financial Institution - Name Currency Frequency of Reporting, Quarterly 500,000 Amount Subsection 6.3 (**) Minimum Value of Applications (subsection 3.5) The Minimum Value of Applications for Reimbursement, Direct Payment is USD 50,000. Authorized Signatures (Subsection 3.1 and 3.2 **) The form for Authorized Signatories Letter is provided in Attachment 1 of this letter Withdrawal and Documentation Applications (Subsection 3.3 and 3.4 **) Authorized Signatories Letter: Withdrawal and Documentation Applications: International Bank for Reconstruction and All Withdrawal Applications and its supporting documentation will be submitted Development/ International Development electronically through the system Client Connection. Association If accepted in paper by the World Bank, it will be submitted to the following address: 1818 H Street, N.W. The World Bank Washington, D.C. 20433 Sector Comercial Norte,Quadra 02, United States of America Lote A, C.F.C.; Conjuntos 701,702,703 and 704,70712-900 Attention: Global Director, World Bank Attention: Senior Regional Team Leader, WFACS Attachment 1 Form of Authorized Signatory Letter [Letterhead] Ministry of Finance [Street address] [City] [Country] [DATE] The World Bank 1818 H Street, N.W. Washington, D.C. 20433 United States of America Attention: [Global Director] Dear [Global Director]: Re: Grant No. ____-___ (____________ Project) I refer to the Letter Agreement (“Agreement”) between the International Bank for Reconstruction and Development/International Development Association (“Bank”), acting as administrator of grant funds provided by various donors (“Donors”) under the _________ , and _______________(“Recipient”), dated _______, providing the above Grant. For the purposes of Section 3.04 (b) of the Standard Conditions, as defined in the Agreement, any [1one] of the persons whose authenticated specimen signatures appear below is authorized on behalf of the Recipient to sign applications for withdrawal [and applications for a special commitment] under this Grant. For the purpose of delivering Applications to the [World Bank] [Association], 2[each] of the persons whose authenticated specimen signatures appears below is authorized on behalf of the Recipient, acting 3[individually] 4[jointly], to deliver Applications, and evidence in support thereof on the terms and conditions specified by the [World Bank] [Association]. 5[Thisconfirms that the Recipient is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to 1 Instruction to the Recipient when sending this letter to the World Bank: Stipulate if more than one person needs to sign Applications, and how many or which positions, and if any thresholds apply. Please delete this footnote in final letter that is sent to the World Bank/Association. 2 Instruction to the Recipient: Stipulate if more than one person needs to jointly sign Applications, if so, please indicate the actual number. Please delete this footnote in final letter that is sent to the World Bank/Association. 3 Instruction to the Recipient: Use this bracket if any one of the authorized persons may sign; if this is not applicable, please delete. Please delete this footnote in final letter that is sent to the World Bank/Association. 4 Instruction to the Recipient: Use this bracket only if several individuals must jointly sign each Application; if this is not applicable, please delete. Please delete this footnote in final letter that is sent to the World Bank/Association. the [World Bank] [Association] by electronic means. In full recognition that the [World Bank] [Association] shall rely upon such representations and warranties, including without limitation, the representations and warranties contained in the Terms and Conditions of Use of Secure Identification Credentials in connection with Use of Electronic Means to Process Applications and Supporting Documentation (“Terms and Conditions of Use of SIDC”), the Recipient represents and warrants to the [World Bank] [Association] that it will cause such persons to abide by those terms and conditions.] This Authorization replaces and supersedes any Authorization currently in the [World Bank] [Association] records with respect to this Agreement. [Name], [position] Specimen Signature: ____________________ [Name], [position] Specimen Signature: ____________________ [Name], [position] Specimen Signature: ____________________ Yours truly, / signed / ______________ [Position] 5 Instruction to the Recipient: Add this paragraph if the Recipient wishes to authorize the listed persons to accept Secure Identification Credentials and to deliver Applications by electronic means; if this is not applicable, please delete the paragraph. Please delete this footnote in final letter that is sent to the World Bank/Association. Attachment 2 – Statement of Expenditures TF # Payment made during the period from ______ to ______ The following expenditures have been incurred during before the closing date of the Grant (please tick) Yes No Application # 1 2 3 4 5 6 7 8 Expenditure Total Amount Eligible Service Brief amount of Date of for Financing and provider / Description invoice Withdrawal Item Category % Financed paid from the Supplier / of the covered from the No no. by the Bank Designated Payee’s expenditure by the Designated Account/Reimburs Name Applicati Account ement on Total XXXX Prepared by: Authorized Representative: Attachment 3 – DESIGNATED ACCOUNT RECONCILIATION STATEMENT TRUST FUND NUMBER ______________ ACCOUNT NUMBER ______________ WITH (BANK) __________________________ 1. TOTAL ADVANCED BY WORLD BANK (OR COFINANCIER) _______________________ 2 LESS: TOTAL AMOUNT RECOVERED BY WORLD BANK - _______________________ 3. EQUALS PRESENT OUTSTANDING AMOUNT ADVANCED TO THE DESIGNATED ACCOUNT (NUMBER 1 LESS NUMBER 2) = _______________________ =========================================================== 4. BALANCE OF DESIGNATED ACCOUNT PER ATTACHED BANK STATEMENT AS OF DATE ______________________ _______________________ 5. PLUS: TOTAL AMOUNT CLAIMED IN THIS APPLICATION NO. _______________ + _______________________* 6. PLUS: TOTAL AMOUNT WITHDRAWN AND NOT YET CLAIMED REASON: ___________________________________ + _______________________* 7. PLUS: AMOUNTS CLAIMED IN PREVIOUS APPLICATIONS NOT YET CREDITED AT DATE OF BANK STATEMENTS APPLICATION NO. AMOUNT * _________________ _________________ _________________ _________________ SUBTOTAL OF PREVIOUS APPLICATIONS NOT YET CREDITED + _______________________ 8. MINUS: INTEREST EARNED - _______________________* 9. TOTAL ADVANCE ACCOUNTED FOR (NO. 4 THROUGH NO. 9) = _______________________ 10. EXPLANATION OF ANY DIFFERENCE BETWEEN THE TOTALS APPEARING ON LINES 3 AND 9: __________________________________________________________________________________________ __________________________________________________________________________________________ ________________ 11. DATE: __________________________ SIGNATURE: _________________________ TITLE: ______________________________ * ALL ITEMS SHOULD BE INDICATED ON THE BANK STATEMENT