THE WORLD BANK
IBRD - IDA I WORLDBANKGROUP
13-jul-2020
Hon. Ibrahim Ameer
Minister of Finance
Ministry of Finance
Republic of Maldives
Ameenee Magu 20379, Male
Honorable Minister:
Maldives: CO VID-1 9 Emergency Response and Health Systems Preparedness Project (IDA Credit
No. 6591-MV; Grant No. D595-MP9
Amendment of the Financing Agreement
We refer to the financing agreement between the Republic of Maldives (the Recipient) and the
International Development Association (the Association) dated April 3, 2020 (the Financing
Agreement), pursuant to which the Association has extended the above captioned financing
("Financing") for the COVID-19 Emergency Response and Health Systems Preparedness Project
("Project").
We also refer to your letter bearing reference no.: 13-NI /PRIV/2020/520 dated June 17, 2020
requesting to restructure the Project to reflect the Asian Infrastructure Investment Bank ("AIB") co-
financing.
We are pleased to inform you that the Association concurs with the above request, and
accordingly the Financing Agreement is amended as set forth below:
1.    The financing percentage for the table under Section III.A of Schedule 2 of the Financing
Agreement is amended to read as follows:
Category                   Amount of the     Amount of the     Percentage of
Credit allocated  Grant Allocated   Expenditures to be
(expressed in     (expressed in     Financed
SDR               SDR)               inclusive of Taxes)
(1) Goods, works, non-  2,700,000        2,700,000         50%
consulting services,
consulting services,
Training and
Incremental Operating
Costs for the Project
(2) Emergency                            0                 50%
Expenditures for Part
4of the Project
TOTAL AMOUNT              2,700,000         2,700,000
Maldives Country Office, 41 Floor, 1404, Hotel jen, Male'
Ameer AImed Magu, Phone: +960-3()5289


Hon. Minister Mr. Ibrahim Ameer            2
2.     The Appendix (Definitions) is amended by adding new paragraphs 20, 21, and 22, which
read as follows:
"20. "Co-financier" means the Asian Infrastructure Investment Bank ("AIIB"), a multilateral
financial institution whose purpose is to foster sustainable economic development, create
wealth and improve infrastructure connectivity in Asia by investing in infrastructure and
other productive sectors.
21. "Co-financing" means, for purposes of paragraph 16 of the Appendix to the General
Conditions, an amount of United States Dollars seven million three hundred thousand
(US$7,300,000) provided by the Co-financier pursuant to the Co-financing Agreement to
assist in financing the Project.
22. "Co-financing Agreement" means the agreement entered into between the Borrower and
the Co-financier, dated July 8, 2020, providing for the Co-financing."
3.     The indicators referred to in Section II.A.1 (Project Reports) of Schedule 2 (Project
Execution) shall be the ones set forth in the Attachment to this amendment letter.
4.     Except as specifically amended by this Amendment Letter, all other provisions of the
Financing Agreement shall remain unchanged and in full force and effect.
The Association will disclose this Amendment Letter and related information in accordance
with the World Bank's Policy on Access to Information. By entering into this amendment letter, the
Recipient consents to disclosure of this amendment letter and related information.
Please confirm your acceptance to the foregoing by signing and dating the two originals,
retaining one original for your records and returning the other original to the Association. Upon receipt
by the Association of the original amendment letter countersigned by the Recipient, in a manner
satisfactory to the Association, this amendment letter will become effective as of the date of the
countersignature by the Recipient.
Very truly yours,
Faris H. Hadad-Zervos
Country Director
Maldives, Nepal and Sri Lanka


Hon. Minister Mr. Ibrahim Ameer           3
AGREED:
REPUBLIC OF MALDIVES
By:
Authorized Representative
Ibrahim Ameer
Name:
Title:   Minister of Finance
14-3ul-2020
Date:
cc:
Dr. Merza Hasan, Executive Director for Maldives
Ms. Jeehan Nawaf Abdul Malik Abdul Ghaffar, Senior Advisor to the Executive Director for
the Republic of Maldives


Hon. Minister Mr. Ibrahim Ameer            4
bcc:
Cleared by: