THE WORLD BANK 8R- IDA I WORLD BANKGROUP August 19, 2021 Mr. Madhu Kumar Marasini Secretary Ministry of Finance Government of Nepal Singha Durbar, Kathmandu. Dear Mr. Marasini: Re: IDA Credit 6884-NP Nurturing Excellence in Higher Education Project Additional Instructions: Disbursement and Financial Information Letter. I refer to the Financing Agreement between Nepal ("Recipient") and the International Development Association (the "Association") for the above-referenced Operation. The General Conditions, as defined in the Financing Agreement, provide that the Recipient may from time to time request withdrawals of Credit amounts from the Credit Account in accordance with the Disbursement and Financial Information Letter, and such additional instructions as the Association may specify from time to time by notice to the Recipient. The General Conditions also provide that the Disbursement and Financial Information Letter may set out Program specific financial reporting requirements. This letter constitutes such Disbursement and Financial Information Letter ("DFIL") and may be revised from time to time. A. Disbursement Arrangements, Withdrawal of Credit Funds, and Reporting of Uses of Credit Funds I. Disbursement Arrangements, Withdrawal of Credit Funds, and Reporting of Uses of Credit Funds applicable to the Program part and the Project part of IDA 6884-NP. (i) Electronic Delivery. Section 11.01 (c) of the General Conditions. The Association may permit the Recipient to electronically submit applications (with supporting documents) through the Association's web-based portal ( : ) "Client Connection". This option may be effected if the officials designated in writing by the Recipient who are authorized to sign and deliver Applications have registered as users of "Client Connection". The designated officials may 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 Association by electronic means. The Recipient may continue to exercise the option of preparing and delivering Applications in paper form. The Association reserves the right and may, in its sole discretion, temporarily or permanently disallow the electronic delivery of Applications by the Recipient. 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 Association's public website at https://worldbank.org and "Client Connection"; and (b) to cause such official to abide by those terms and conditions. II. Disbursement Arrangements, Withdrawal of Credit Funds, and Reporting of Uses of Credit Funds applicable to the Program part of IDA 6884-NP. (i) Schedule 1. The table in Schedule 1 sets out the disbursement methods which may be used by the Recipient, information on registration of authorized signatures, processing of withdrawal applications. (i)Disbursement Linked Results (DLRs). The Recipient will deliver Applications of amounts of the Credit allocated to individual Disbursement Linked Results ("DLRs") may, pursuant to the provisions of Section IV.A.2 of Schedule 2 of the Financing Agreement, be sent to the Association at any time after the Association has notified the Recipient in writing that it has accepted evidence of achievement of the specific DLRs. (iii) Withdrawal Amount. The Withdrawal Application may be for an amount not to exceed the amount of the Credit confirmed by the Association for the specific DLR in respect of which the withdrawal is requested, as specified in the Association's notice to the Recipient. All withdrawals from the Credit shall be deposited by the Association into the Recipient's account in Nepal Rastra Bank. III. Disbursement Arrangements, Withdrawal of Credit Funds, and Reporting of Uses of Credit Funds applicable to the Project part of IDA 6884-NP. * Disbursement Guidelines. The Disbursement Guidelines for Investment Project Financing dated February 2017, ("Disbursement Guidelines") are available in the Association's public website at iin and its secure website "Client Connection" at The Disbursement Guidelines are an integral part of this Disbursement and Financial Reporting Letter for the Project part, and the manner in which the provisions in the guidelines apply to the Financing is specified below. * General Provisions (Schedule 2). The table in Schedule 2 sets out 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), instructions on supporting documentation. B. Financial Reports and Audits. (i) Financial Reports. The Recipient shall prepare and furnish to the Association not later than forty five (45) days after the end of each Fiscal Quadrimester, interim unaudited financial reports (IUFR) for the Project part covering the Fiscal Quadrimester. (ii) Audits. Each audit of the Financial Statements shall 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 shall be furnished to the Association not later than nine (9) months after the end of such period. 2 C. Other Important Information. For additional information on disbursement arrangements, please refer to the Loan Handbook available on the Association'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 Credit, 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 contact the Association by email at askloans@worldbank.org using the above reference. Sincerely, Faris H. fadid-iervos Country Director for Maldives, Nepal and Sri Lanka. Attachments 1. Form of Authorized Signatory Letter 2. 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N N r"' N S-L .�С г., а+ � у.., U Г�Z L� и Е�-� dE-��Z�Q� Qч°й э� Attachment I - Form of Authorized Signatory Letter [Letterhead] Ministry of Finance [Street address] [City] [Country] [DATE] The World Bank Nepal Country Office, Yak & Yeti Complex, Durbar Marg, Kathmandu, Nepal Attention: Country Manager, Nepal Country Director for Maldives, Nepal and Sri Lanka Re: IDA Credit 6884-NP (Nurturing Excellence in Higher Education Project) I refer to the Financing Agreement ("Agreement") between the International Development Association (the "Association") and [name of Recipient] (the "Recipient"), dated _, providing the above Financing. For the purposes of Section 2.03 of the Project General Conditions and Section 2.02 of the Program General Conditions as defined in the Agreement, any '[one] 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 Financing. For the purpose of delivering Applications to the Association, '[each] of the persons whose authenticated specimen signatures appears below is authorized on behalf of the Recipient, acting '[individually] 'Uointly], to deliver Applications, and evidence in support thereof on the terms and conditions specified by the Association. '[This confirms that the Recipient is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to the Association by electronic means. In full recognition that the Association shall rely upon such representations and I Instruction to the Recipient: Stipulate if more than one person needs to sign Applications, and how many or which positions, and if any thresholds apply. Please delete thisfootnote infinal letter that is sent to the Association. I Instruction to the Recipient: Stipulate if more than one person needs tojointly sign Applications, if so, please indicate the actual number. Please delete thisfootnote infinal letter that is sent to the 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 thisfootnote infinal letter that is sent to the Association. ' Instruction to the Recipient: Use this bracket paly if several individuals must jointly sign each Application; if this is not applicable, please delete. Please delete thisfootnote infinal letter that is sent to the Association. 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 thisfootnote infinal letter that is sent to the Association. 6 Instruction to the Recipient: In case signatory(ies) are authorized separately for part(s)/category(ies) included in the Financing Agreement, the authorized signatories letter may make reference to the relevant part(s)/category(ies) in the subject line. Please delete thisfoolnote infinal letter that is sent to the World Bank. warranties, including without limitation, the representations and warranties contained in the Terms and Conditions of Use of Secure Identification Credentials in connection with Use ofElectronic Means to Process Applications and Supporting Documentation ("Terms and Conditions of Use of SIDC"), the Recipient represents and warrants to the Association that it will cause such persons to abide by those terms and conditions.] This Authorization replaces and supersedes any Authorization currently in the Association records with respect to this Agreement. 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