OFFICIAL 1 DOCUMENTS , The World Bank 1818 H Street N.W. J (202) 473-1000 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT - 3ngon_rr100 T Cable Address: INTBAFRAD INTERNATIONAL DEVELOPMENT ASSOCIATION U.S.A. Cable Address: INDEVAS November 7, 2014 Mr. Cesare De Montis Head of Delegation Delegation of the European Union to the Kyrgyz Republic 21 Erkindik Blvd. Bishkek 720040 Kyrgyz Republic Amendment to the Administration Agreement between the European Community (EC) and the International Bank for Reconstruction and Development and the International Development Association concerning the reduction offinancing to the Multi-Donor Trust Fund for Capacity Building in Public Financial Management in the Kyrgyz Republic (TF071328) Dear Mr. De Montis: 1. We refer to the above-referenced Trust Fund Administration Agreement (the "Agreement") between the EC ("Donor") and the International Bank for Reconstruction and Development ("IBRD") and the International Development Association ("IDA") (collectively, the "Bank"), dated November 26, 2009, as subsequently amended, concerning the Multi-Donor Trust Fund for Capacity Building in Public Financial Management in the Kyrgyz Republic ("Trust Fund"). 2. We also refer to the meeting of the Project Board held on June 10, 2014 in Bishkek, the Kyrgyz Republic, and recent discussions between the Bank and the Donor, where the Donor confirmed the reduction of its contribution to the trust fund. It is agreed that: (a) With regard to the reduction in the amount of the contribution, Sections 3.01 and 3.02 of the Agreement shall read as follows: "Section 3.01. The budget of the trust fund is estimated to be EUR five million seven hundred and sixty nine thousand and nine hundred and forty six (EUR 5,769,946) as set forth in Annex IV. Section 3.02. The Commission undertakes to finance EUR two million one hundred thousand (EUR 2,100,000) for the trust fund." (b) In addition, the payment schedule under Article 4 of the Administration Agreement shall be replaced with the following: RCA 248423. L WUI 64145 L FAX (202) 477-6391 -2- TF071328 Advance payment upon signing this agreement: EUR 1,400,000. Intermediate payment (as per initial agreement) and / Final payment (as per this amendment) before March 1, 2014: EUR 700,000. (Subject to the provisions of the General Conditions) Please confirm your agreement to the foregoing, on behalf of the Donor, by signing, dating, and returning to us the enclosed copy of this letter. Sincerely, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION Saroj Kumar Jha Regional Director Central Asia CONFIRMED AND AGREED: By: __________ Name J]OH/4 85 /{42SAF A/ Title: /1Ab OF o8471r/15 Date: Z1////o// ANNEX 4 OF THE FRAMEWORK AGREEMENT INDICATIVE BUDGET FOR THE PROJECT Disbursement Schedule USD-- EURO Revised 6.17.14 2010 2011 2012 2013 2014 Total Equivalent SECO (USD) 570,000 570,000 SIDA (Kroner) 649,022 649,022 DFID (Sterling) 1,649,000 793,250 1,506,251 3,948,501 EU (Euro) 2,023,000 - - 945,910 2,968,910 4,891,022 - 793,250 - 2,452,161 8,136,433 5,769,946 1 Pound = USD 1.65 1 Euro = USD 1.41014