Amendment No. 1 to the Administration Agreement between Sweden represented by the Swedish
         International Development Cooperation Agency (SIDA) and the International Bank for
     Reconstruction and Development and the International Development Association concerning the
         Liberia Public Sector Modernization Project Multi-Donor Trust Fund (No. TF072203)



1.     Reference is made to the Administration Agreement between the International Bank for
Reconstruction and Development and the International Development Association (collectively, the “Bank”)
and Sweden, represented by the Swedish International Development Cooperation Agency (SIDA) (the
“Donor”, and together with the Bank, the “Parties” and each a “Party), regarding the Liberia Public Sector
Modernization Project Multi-Donor Trust Fund, No. TF072203 (the “Trust Fund”) effective as of
December 19, 2014 (“Administration Agreement”).

2.       The Parties agree to amend the Administration Agreement as follows:

         Paragraph 6.1 of the Annex 2 shall be deleted in its entirety and replaced with the following:

         “6.1    It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank
                 by June 30, 2021, (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 Agreement shall remain the same.

4.      Each of the Parties represents, by confirming its agreement below, that it is authorized to enter into
this Amendment and act in accordance with these terms and conditions. The Parties are requested to sign
and date this Amendment, and upon possession by the Bank of this fully signed Amendment and respective

                                [remainder of page intentionally left blank]
amendments signed by all other donors to the Trust Fund, this Amendment shall become effective as of the
date of the last signature.



INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT AND
INTERNATIONAL DEVELOPMENT ASSOCIATION



By:      _______________________________/s1/
        Larisa Leshchenko
Name: _______________________________/n1/
            Country Manager
Title:   _______________________________/t1/
           26-Jul-2019
Date:    _______________________________/d1/



SWEDEN REPRESENTED BY SWEDISH INTERNATIONAL DEVELOPMENT
COOPERATION AGENCY (SIDA)



By:      _______________________________/s2/
        Ingrid Wetterqvist
Name: _______________________________/n2/
            Ambassador
Title:   _______________________________/t2/
           30-Jul-2019
Date:    _______________________________/d2/