Amendment No. 1 to the Administration Arrangement between the Government of the United Kingdom
  of Great Britain and Northern Ireland, acting through the Department of Environment, Food and
 Rural Affairs and the International Bank for Reconstruction and Development and the International
  Development Association concerning the Strengthening Financial Market Integrity Multi-Donor
                                 Trust Fund (Trust Fund No. 072818)

1.       Reference is made to the Administration Arrangement between the Government of the United
Kingdom of Great Britain and Northern Ireland, acting through the Department of Environment, Food and
Rural Affairs (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”) concerning the Strengthening Financial Market Integrity Multi-
Donor Trust Fund No. 072818 (the “Trust Fund”) effective as of March 27, 2019 (the “Administration
Arrangement”).

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

       Paragraph 5.1. of Annex 2 will be deleted and replaced with the following:

       “5.1. It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank
       by June 30, 2024 (the “End Disbursement Date”). The Bank shall 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
       shall 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.”

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

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4.       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
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 come into effect as of the
date of the last signature.

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
INTERNATIONAL DEVELOPMENT ASSOCIATION

                                                                               24-Mar-2022
By:      __________________________________/s1/                     Date:    _____________________/d1/
         Indermit S. Gill/n1/
         Vice President, EFI Practice Group/t1/             /d1/


GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN
IRELAND, ACTING THROUGH THE DEPARTMENT FOR ENVIRONMENT, FOOD AND
RURAL AFFAIRS


                                                                                28-Mar-2022
By:   _______________________________/s2/                           Date:    _____________________/d2/
         Tom Redfearn
Name: _______________________________/n2/
             Mr
Title:   _______________________________/t2/

/d2/




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