OFFICIAL
DOCUMENTS
T W   BANK                             Bha C        on d. Fix
IN'ERNAThONAn DIut VmpLoPMENT ASandllO   Ruiuw  EpuShtn                        Bua
(3SDFC -antI,Yo TFH                        3-'75
Febuar 25, 2021
3-                                                          f 3
)asho Nm Dorj                                I
Secretary
Mdinistry of Finance
Thimphui
Re:   Bhiutan Youth Employmenit ami R mral Emtreprenurhip Project
(JSD F Granr No. TFR14 6 795)
.1mendmnent of Grant. Agreemient
D)ear D)asho,
1. We refer to the Grant Agreemnent. dated Januarv 23, 2019 between the Kingdomn of
Bhutan ("Recipient") and the Innmational Bank for Reconstrucion and
Development/I1nternational D)evelIopmnent A\ ocine cting as the Administrator of
the grant fuinds pr ovidedi by Japain '(3)onor ) unider the Japan Social1 DevelopmentI Fud
(Wrd Bank    in reence to the captioned subject1 mtte ("rn Ageeen')
Novembe 3 202 reustn theexenio of the coin date of th catine projec
by tw year fro  Fbrar 25. 201      Fbur 28, 2023(33\( 3 . Weit furthe refe  o h
proosa for~ reallocation 1311 as d is and agred i the3 vitua 1/Implementat/io Support »'
is]o eig3ht3en13 moths. AVccordingly effec3tve 3ro  the3 d)33  ate of this -etr we.3/  havenå
estblished Auus 31 2 .022 as( the later dateu for the puros of33. ectio 3.03.\ Artile
iU ofV the t Agreement.30
i Furher, th w1thdrawa table111 under Secin .0. Articl 1H oh Grntgemeti
revise as 1 folo.


Amuto1   h       Perctaottge ofTI Expndiure
Grant Allocated           to be Financed
Category              (expresed in US)       (inclusive of Taxes)
1  G     foods under the Project       44.00                    100%
(2) Cionsulting seexice an no0~9_ 110
consulting services under the
Projecti
(3) Training under the Project         198A 60                   100%
(4) Operain CosIs under the           106,000                   100%
Project
(5) Matching Grants under              652,200          100% of Matching Grants
Part 3(b) of the Project                                       disbursed
TOTAL AMOUNT                          1,250,000
5. All other terms and conditions of the Grant Agreemnent shall continue to remain the same and
in full force.
6. The World B3ank will disclose this letter of amwendment and related information in accordance
wsith the World Bank's policyv on Access to ln formation. By eter into this letter of
mPeaser onfir yorn agetent to el egin se behlfteRcpen  ycutrinn
sfiged roiginal ofti letter to s. opnreeptb th orld BankL of hen copy o thir of
amednent dul c  oersine byte aurtoizedt~  rereeniviOed the Reii,un ~1ls
indicated otherwse. the bove amnmeso to e Agremntr shall t b em efiv as ofe
date ol outersinue
'iNERNATiINA   BAN   FOR RECONS< 1 TUCTION AND DELXl uMN
INTERNAF_~TONALk DEVELOPNTY     A\SSO)CIATION)
acting as the Administrator of JSDF)l
A6r,                           o  b


D\ate:   6 /0     0,?I
Cc:
Dasho Rinzin Dorji, Secretary, Ministry of Agriculture and Forest, Royal Government of
Bhutan