Instrument of Withdrawalfrom the Multi-Donor Trust Fundfor Middle Income
          Countries for the Financial Sector Reform and Strengthening Initiative
                                 (Trust Fund No. 072693)

1.      References are made to:

        (a)   the Restated and Amended Administration Agreement between the
              Government of the Federal Republic Germany, represented by the Federal
              Ministry for Economic Cooperation and Development (BMZ) (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
              Multi-Donor Trust Fund for Middle-Income Countries for the Financial
              Sector Reform and Strengthening Initiative (original Trust Fund No. 070723)
              effective as of October 23, 2014, as amended (the “Administration
              Agreement”); and

        (b)   the Supplemental Agreement between the Government of the Federal
              Republic of Germany, represented by the Federal Ministry for Economic
              Cooperation and Development (BMZ) (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 a “Party”) regarding the Multi-Donor Trust Fund for
              Middle Income Countries for the Financial Sector Reform and Strengthening
              Initiative (parallel Trust Fund No. 072693) (the “Trust Fund”) effective as of
              October 10, 2016, as amended (the “Supplemental Agreement”).

2.     Reference is also made to the Donor’s email communication dated June 7, 2021,
informing the Bank of its desire to withdraw from the parallel Trust Fund. Accordingly,
the Donor and the Bank agree to the following:

        (a)    In accordance with paragraph 7.2 of Annex 2 to the Restated and Amended
               Administration Agreement, as applicable to the Supplemental Agreement,
               the Donor's pro rata share of any uncommitted balance of the Trust Fund is
               cancelled effective as of the date this Instrument is countersigned by the
               Donor (“Cancellation Date”).

        (b)    The Donor hereby instructs the Bank to transfer the amount of one hundred
               seventy-five thousand eight hundred sixty-six United States Dollars and
               forty-three cents (US$ 175,866.43) of such Donor’s pro-rata share to a bank
               account to be designated by the Donor. Except with respect to the said
               amount to be transferred, the Donor hereby waives any rights to receive its
               pro-rata share of any remaining uncommitted balance of the Trust Fund as
               of the Cancellation Date.
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       (c)     Notwithstanding paragraph (b) above, in the event funds are refunded to the
               Trust Fund after the Cancellation Date as a result of ineligible expenditures,
               as determined by the Bank in accordance with its policies and procedures,
               that were incurred prior to the Cancellation Date, the Donor hereby instructs
               the Bank to transfer the Donor’s pro rata share to a bank account to be
               designated by the Donor.

       (d)     Except as provided in paragraphs (a) through (c) above, as of the
               Cancellation Date the Donor shall have no further rights with respect to the
               Trust Fund including no rights to participate in any applicable governance
               arrangements of the Trust Fund or to receive further funds, and the Bank
               shall have no further obligations to the Donor under the Restated and
               Amended Administration Agreement, including no obligation to provide
               financial or progress reports.

3.      The Bank shall disclose this Instrument of Withdrawal (the “Instrument”) and
related information on this Trust Fund in accordance with the World Bank Policy on
Access to Information. The Donor hereby consents to the disclosure of this Instrument and
related information on this Trust Fund.

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

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
INTERNATIONAL DEVELOPMENT ASSOCIATION


                                                                      20-Sep-2021
By:                                                          Date:
       Indermit S. Gill
       Vice President, EFI Practice Group



GOVERNMENT OF THE FEDERAL REPUBLIC OF GERMANY,
REPRESENTED BY THE FEDERAL MINISTRY FOR ECONOMIC
COOPERATION AND DEVELOPMENT (BMZ)




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