The World Bank                                    1818 H Street N.W.      (202) 473-1000
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT  Washington, D.C. 20433  Cable Address: INTBAFRAD
INTERNATIONAL DEVELOPMENT ASSOCIATION             US A                   Cable Address: INDEVAS
Date:      14-AUg-2020
Mr. Gabor Gion
Minister of State for Financial Policy Affairs
Ministry of Finance
1051 Budapest
J6zef nddor t6r 4.
Hungary
Amendment to the Administration Agreement between the Ministry of
Finance of Hungary and the International Bank for Reconstruction and
Development and the International Development Association concerning
the Donor Funded Staffing Program (Trust Fund No. 073464)
Dear Mr. Gion:
1.    We refer to the Administration Agreement between the Ministry of Finance of
Hungary (the "Donor") and the International Bank for Reconstruction and Development
and the International Development Association (collectively, the "Bank") concerning the
Donor Funded Staffing Program (Trust Fund No. 073464) (the "Trust Fund") effective as
of March 23, 2020 (the "Agreement").
2.    The Bank proposes to amend the Agreement as follows:
(a)   Paragraph 7 of the Agreement is deleted and replaced with the following:
"7.   It is expected that any existing DFSP Funds will be fully disbursed by the
Bank in accordance with the provisions of this Agreement by October 31, 2025 (the
"Final Disbursement Date"). The Bank shall only disburse such DFSP Funds for
the purposes of this Agreement after the Final Disbursement Date with the written
approval of the Donor."
(b)   Paragraph 1(a) of Annex 1 to the Agreement is deleted and replaced with the
following:
"(a)  Persons with at least three years of relevant experience."


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(c)   Paragraph 1(e) of Annex 1 to the Agreement is deleted and replaced with the
following:
"(e)  Donor nationals, or nationals of IDA-only Countries as defined in relevant
Bank policies and procedures, as the same may be amended from time to time
(Developing Country Nationals)."
(d)   Paragraph 6(d) of Annex 1 to the Agreement is deleted and replaced with the
following:
"(d)  DFSP junior level staff appointments are for a period of twenty-four (24)
months. The appointment may be extended on a one-time basis for a period of
twelve (12) months (for a total of 36 months) upon agreement by the Bank and the
Donor if the Bank has committed to a term appointment for a period of no less than
twenty-four (24) months, Notwithstanding the foregoing, the Bank and the Donor
may agree, on an exceptional basis, to extend a DFSP junior level staff appointment
for a period of either: (i) twelve (12) months (for a total of 36 months) if the Bank
has committed to a term appointment for a period of twelve (12) months, or (ii) six
(6) months (for a total of 30 months) if the Bank has committed to a subsequent
extension of the appointment for a period of six (6) months."
(e)   Paragraph 1(d) of Annex 2 to the Agreement is deleted and replaced with the
following:
"(d)  Donor nationals, or nationals of IDA-only Countries as defined in relevant
Bank policies and procedures, as the same may be amended from time to time
(Developing Country Nationals)."
(f)   Paragraph 6(e) of Annex 2 to the Agreement is deleted and replaced with the
following:
"(e)  DFSP mid-career level staff appointments are for a period of twenty-four
(24) months. The appointment may be extended on a one-time basis for a period of
twelve (12) months (for a total of 36 months) upon agreement by the Bank and the
Donor if the Bank has committed to a term appointment for a period of no less than
twenty-four (24) months. Notwithstanding the foregoing, the Bank and the Donor
may agree, on an exceptional basis, to extend a DFSP mid-career level staff
appointment for a period of either: (i) twelve (12) months (for a total of 36 months)
if the Bank has committed to a term appointment for a period of twelve (12) months,
or (ii) six (6) months (for a total of 30 months) if the Bank has committed to a
subsequent extension of the appointment for a period of six (6) months."
3.    All other terms and conditions of the Agreement shall remain the same.


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4.    Please confirm your agreement with the foregoing, on behalf of the Donor, by
signing and dating two originals, retaining one original for your records and returning the
other original to the Bank. Upon receipt by the Bank of the original countersigned by you,
this Amendment shall become effective as of the date of the countersignature.
Sincerely,
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
INTERNATIONAL DEVELOPMENT ASSOCIATION
Wei Wang
Director
HR Client Services
AGREED:
MINISTRY OF FINANCE OF HUNGARY
By:                                          Date:    I       ,        Lu?
Gibor ion
Min   er ofState for Financial Policy Affairs