Amendment No. 3 to the Administration Arrangement between the United Kingdom of Great Britain
and Northern Ireland, acting through the Foreign, Commonwealth and Development Office (formerly,
   Department for International Development) and the International Bank for Reconstruction and
 Development and the International Development Association regarding the Multi-Donor Trust Fund
                               for the Zimbabwe Reconstruction Fund
            (Original Trust Fund No. TF072201 parallel to Trust Fund No. TF073043)


1.       Reference is made to the Administration Arrangement between the United Kingdom of Great
Britain and Northern Ireland, acting through the Foreign, Commonwealth and Development Office (FCDO)
formerly, Department for International Development (the “Donor”) and the International Bank for
Reconstruction and Development and the International Development Association (collectively, the “Bank”
and together with the Donor, the “Participants” and each a “Participant”), regarding the Multi-Donor Trust
Fund for the Zimbabwe Reconstruction Fund (Trust Fund No. TF072201) (“Original Account”) effective
as of June 19, 2015, as may have been amended (the “Administration Arrangement”).

2.      Reference is also made to the Supplemental Arrangement between the Donor and the Bank
regarding Multi-Donor Trust Fund for the Zimbabwe Reconstruction Fund (Parallel Trust Fund No.
TF073043 (the “Parallel Account”) effective as of March 21, 2018 (the “Supplemental Arrangement”).

3.      The Participants mutually decide to amend the Administration Arrangement as follows:

        (a)      Paragraph 6.1 of the Annex will be deleted and replaced with the following:

                 “6.1    It is expected that the funds deposited in the Trust Fund will be fully disbursed by
                 the Bank by December 31, 2022 (the “End Disbursement Date”). The Bank will 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 will 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.”

4.    In accordance with the terms of paragraphs 7 and 8 of the Supplemental Arrangement, the
amendment in paragraph 3 above will also apply to the funds in the Parallel Account.

5.      All other terms of the Administration Arrangement will remain the same.

6.       Each of the Participants represents, by confirming its acceptance below, that it is authorized to enter
into this Amendment and act in accordance with its provisions. The Participants are requested to sign and

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date this Amendment, and upon possession by the Bank of this fully signed Amendment and respective
amendments signed by all other donors to the Trust Fund, this Amendment will become effective as of the
date of the last signature.



INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
INTERNATIONAL DEVELOPMENT ASSOCIATION



By:      ____________________________________/s1/
             Rosemary Mukami Kariuki
Name: ____________________________________/n1/
                 Country Manager, Zimbabwe
Title:   ____________________________________/t1/
                 19-Jan-2021
Date:    ____________________________________/d1/



UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND, ACTING THROUGH
THE FOREIGN, COMMONWEALTH AND DEVELOPMENT OFFICE (FCDO)



By:   ____________________________________/s2/
             Cate Turton
Name: ____________________________________/n2/
                 Development Director
Title:   ____________________________________/t2/
                25-Jan-2021
Date:    ____________________________________/d2/




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