OFFICIAL
THE WORLD BANK                                  0                       Telephone: (92 51) 2279641-6
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT  20-A. Shahrah-e-Jamhuriat. G-5  Facsimile: (92 51) 2279648-9
INTERNATIONAL DEVELOPMENT ASSOCIATION            t    da      - m       Mailing Address: P.O Box 1025
December 24, 2014
Mr. Muhammad Saleem Sethi
Secretary
Economic Affairs Division
Government of Pakistan
Islamabad
Dear Mr. Sethi:
Re: Islamic Republic of Pakistan: Sindh Skills Development Project (Credit No. 4947-PK)
Amendment to the Financing Agreement
We refer to the Financing Agreement (the -Financing Agreement") between the Islamic
Republic of Pakistan (the "Recipient") and the International Development Association (the
-Association"), dated October 21, 2011, and the Project Agreement dated the same date as
the Financing Agreement, between the Association and the Province of Sindh for the above-
referenced Project (the -Project"). We also refer to: (a) the letter from the Economic Affairs
Division dated July 8, 2014, requesting the Association to extend the Closing Date of the
Project in order to accomplish certain Project targets, which also requires reallocating funds
among certain Eligible Expenditures and revising certain Project monitoring indicators; and
(b) discussions between the Association's task team and the Recipient.
We are pleased to inform you that, after due consideration, the Association agrees with
your request, and hereby proposes to amend the Financing Agreement as set forth below in
this letter of amendment (the '*Letter of Amendment").
Capitalized terms used but not defined in this Letter of Amendment have the
meanings given to them in the Financing Agreement and the Standard Conditions.
I.    The table in Section IV.A.2 of Schedule 2 is amended as shown in the
Attachment to this Letter of Amendment.
2.    Section IV.B.3 of Schedule 2 is amended to read as follows:
-3.   The Closing Date is December 31, 2015."
3.    The indicators referred to in Section II.A of Schedule 2 to the Financing
Agreement and agreed with the Association in the letter dated the same date as
the Financing Agreement (the '*Performance Monitoring Indicators") is
amended as set forth below (emphasis added):
1.   During the last year of Project implementation, at least forty percent
(40%) of trainees under the BBSYDP shall have been employed and/or
enrolled in continuing education three (3) months after completion of
their training.
Ll  Telephone (92 51) 2279641-.6 CA FAX (92 51) 2822396, 2279648


Mr. Muhammad Saleem Sethi                   2                December 24, 2014
2.    During the lifespan of the Project, at least sixty five thousand (65,000)
unemployed young adults shall have completed their short term
training under the BBSYDP.
3.    By    Project   Closing   Date,   the    STEVTA-administered
vocational/technical training institutions shall have established,
improved or upgraded at least seventy (70) market-driven training
programs.
Except as specifically amended by this Letter of Amendment, all other provisions of
the Financing Agreement remain in full force and effect.
Please confirm your agreement to the foregoing by signing the form of confirmation
set forth below and returning one fully executed original of this Letter of Amendment to us
and retaining one original for your records. Upon receipt by the Association of the
countersigned copy, this Letter of Amendment shall become effective as of the date of the
countersignature (except for the provision under paragraph 2 which becomes effective upon
dispatch of this Letter of Amendment).
Sincerely,
INTERNATIONAL DEVELOPMENT ASSOCIATION
Reynold Duncan
Acting Country Director, Pakistan
AGREED
ISLAMIC REPUBLIC OF PAKISTAN
Name:
Title:      MUHAMMAD SALEEM SFTHI
becrtary
Date.     Economic AffaW. MVYIOWQ
Date:         Go  te      (92tNi
U Telephone (92 51) 2279641-6 LA FAX (92 51) 2822396. 2279648


Mr. Muhammad Saleem Sethi                      3                  December 24. 2014
Attachment
Percentage of
Amount of the
Expenditures to be
Category                  Allocated            Financed
(expressed in SDR)  (inclusive of Taxes)
(I) Stipends/Relocations              9,560,000             80%
Allowances; Subgrants; fees for
Training Providers, goods,
consultants' services, Training and
Workshops and Incremental
Operating Costs under Component I
of the Project
(2) Eligible Expenditure Program
under Component 2 of the Project
(a) First scheduled disbursement   490,000               75%
(on or after December 3 1,
2011)
(b) Second scheduled               650,000               750%
disbursement (on or after
September 30, 2012)
(c) Third scheduled                650,000               75%
disbursement (on or after
June 30, 2013)
(d) Fourth scheduled               650,000               75%
disbursement (on or after
October 31, 2013)
(3) Goods, consultants' services,   1,400.000               100%
Training and Workshops and
Incremental Operating Costs under
Component 3 of the Project
(4) Unallocated                            0
TOTAL AMOUNT                       13,400,000
Ui To lphone (92 3S1 2279f,41-6 Li FAX (92 51) 2822396 2279648