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The World Bank 
1818 H Street N.W. 
(202) 473-1000 
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
 
Washington, D.C.  20433 
Cable Address:  INTBAFRAD 
INTERNATIONAL DEVELOPMENT ASSOCIATION
 
U.S.A. 
Cable Address:  INDEVAS 
 
May 12, 2010 
CONFORMED COPY FOR PUBLIC DISCLOSURE 
His Excellency 
Lic. Amado Boudou 
Minister of Economy and Public Finance 
Ministry of Economy and Public Finance 
Hipólito Irigoyen 250 
C1086AAB Buenos Aires, 
Argentine Republic 
 
Re: 
ARGENTINA – GEF Trust Fund TF090118 – Biodiversity Conservation in Productive Forestry 
Landscapes Project  
First Amendment to the Grant Agreement
Excellency: 
 
Please refer to the Grant Agreement (the Grant Agreement) dated December 9, 2008, entered 
into between the Argentine Republic (the Recipient) and the International Bank for Reconstruction and 
Development (the Bank), acting as Implementing Agency of the Global Environmental Facility (GEF). 
 
In response to the Recipient
’s letter DNPOIC No. 366 to the Bank, dated May 21, 2009 
requesting the possibility of contracting a cooperating agency under the Project, with the objective of 
assisting the Ministry of Agriculture, Livestock and Fisheries (formerly the Secretariat of Agriculture, 
Livestock, Fisheries and Food) in the administration of Project contracts, the Bank hereby proposes to 
amend the Grant Agreement as follows:  
 
1. 
To include a new paragraph 4 under Section I.A of Schedule 2 to the Grant Agreement 
(Subsidiary Agreements/Safeguards) that shall read as follows: 
 
“4.  
For the purposes of providing assistance to MAGyP in the administration of 
Project funds, the Recipient, through MAGyP,  may enter into an agreement with a 
Cooperating Agency, under terms and conditions satisfactory to the World Bank (the 
Cooperating Agency Agreement), which agreement shall include, 
inter alia,
 the 
Cooperating Agency’s obligation to keep separate records and accounts adequate to 
reflect the operations, resources and expenditures of the Project, so as to allow the 
Recipient to comply with its obligations under this Grant Agreement as if the 
Cooperating Agency were the Recipient itself. The Recipient shall exercise its rights 
under the Cooperating Agency Agreement in such manner so as to protect the interests 
of the Recipient and the World Bank and to accomplish the purposes of the Grant.  
Except as the World Bank shall otherwise agree, the Recipient shall not assign, amend, 
abrogate, waive or fail to enforce the Cooperating Agency Agreement, or any of its 
provisions.” 
2.  
To modify Category (2) of the disbursement table in Section IV.A.2 of Schedule 2 to 
the Grant Agreement, to read as set forth in the Attachment to this Amendment Letter.  
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3.  
To include a new definition of Cooperating Agency in the Appendix to the Grant 
Agreement that shall read as follows: 
 
“3. “Cooperating Agency” means any legal entity with procurement and administrative 
experience, with qualifications and a financial management system acceptable to the 
Bank.” 
4. 
To substitute the existing definition of “SAGPyA” in the Appendix to the Grant 
Agreement, as follows: 
 
“11. “MAGyP” means 
Ministerio de Agricultura, 
Ganadería y Pesca
,
the Recipient’s 
Ministry of Agriculture, Livestock and Fisheries, or any successor thereto acceptable to 
the Bank.” 
5. 
To replace any and all references to the term “SAGPyA” in the Grant Agreement with 
the term “MAGyP”. 
 
Please confirm your agreement to the foregoing amendment by signing and dating this 
Amendment Letter in the spaces provided below. This Amendment Letter will be executed in two 
counterparts, each of which shall be an original and one of which shall be returned to us. The 
provisions of this Amendment Letter will become effective on the date of receipt by the Bank of one 
fully executed original of this Amendment Letter. 
Sincerely, 
INTERNATIONAL BANK FOR  
RECONSTRUCTION AND DEVELOPMENT 
 
By 
/s/
 
Stefan Koeberle 
Acting Country Director 
Country Management Unit 
Argentina, Paraguay and Uruguay 
 
AGREED AND CONFIRMED: 
 
ARGENTINE REPUBLIC 
 
By: /s/ Gabriela V. Costa 
 Authorized 
Representative 
 
Title: 
Director Nacional de Proyectos con Organismos 
 
Internacionales de Credito 
 
Date: 
July 20, 2010 
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Attachment
Category 
Amount of the Grant 
Allocated (expressed in 
USD) 
Percentage of Expenditures to 
be Financed 
(inclusive of Taxes) 
(1)  Goods (except as covered by 
Category (4 ) below)  
172,000 100% 
(2) Consultants’ services (except as 
covered by Category (4) below), 
excluding any fees charged by the 
Cooperating Agency pursuant to the 
Cooperating Agency Agreement  
2,175,000 100% 
(3) Training 
1,200,000 
100% 
(4) Goods, works, Non-Consultant 
Services and consultants’ services 
under Subprojects  
2,400,000 100% 
(5) Incremental Operating Costs  
150,000 
100% 
(6) Unallocated 
903,000 
 
TOTAL AMOUNT 
7,000,000