THE WORLD BANK IBRD * IDA I WORLDBANKROUP ,-02- 2022 H.E. Adama Coulibaly Minister of Economy and Finance Ministry of Economy and Finance Abidjan Republic of C6te d'Ivoire Re: Credit Number 7034-CI Youth Employment and Skills Development Project - Phase 3 Additional Instructions: Disbursement and Financial Information Letter Excellency: I refer to the Financing Agreement between C6te d'Ivoire (the "Recipient") and the International Development Association (the "Association") for the above-referenced Project. The General Conditions, as defined in the Financing Agreement, provide that the Recipient may from time to time request withdrawals of the Credit amount from the Credit Account in accordance with the Disbursement and Financial Information Letter, and such additional instructions as the Association may specify from time to time by notice to the Recipient. The General Conditions also provide that the Disbursement and Financial Information Letter may set out Project specific financial reporting requirements. This letter constitutes such Disbursement and Financial Information Letter ("DFIL") and may be revised from time to time. L Disbursement Arrangements, Withdrawal of Credit Funds, and Reporting of Uses of Credit Funds The Disbursement Guidelines for Investment Project Financing, dated February 2017, ("Disbursement Guidelines") are available in the Association's public website at https://www.worldbank.org and its secure website "Client Connection" at https://clientconnection.worldbank.org. The Disbursement Guidelines are an integral part of the DFIL, and the manner in which the provisions in the guidelines apply to the Credit is specified below. (i) Disbursement Arrangements General Provisions (Schedule 1). The table in Schedule I sets out the disbursement methods which may be used by the Recipient, information on registration of authorized signatures, processing of withdrawal applications (including minimum value of applications and processing of advances), instructions on supporting documentation, and frequency of reporting on the Designated Account. (ii) Electronic Delivery. Section 11.01(c) of the General Conditions The Recipient will deliver Withdrawal Applications (with supporting documents) electronically through the Association's web-based portal "Client Connection" at https://clientconnection.worldbank.org. This option will be effected after the officials designated in writing by the Recipient who are authorized to sign and deliver Withdrawal Applications have registered as users of "Client Connection". The designated officials will deliver Applications electronically by completing the Form 2380, which is accessible through -2- "Client Connection". By signing the Authorized Signatory Letter, the Recipient confirms that it is authorizing such persons to accept Secure Identification Credentials ("SIDC") and to deliver the Applications and supporting documents to the Association by electronic means. The Recipient may exercise the option of preparing and delivering Withdrawal Applications in paper form on exceptional cases (including those where the Recipient encounters legal limitations), and which were previously agreed with the Association. By designating officials to use SIDC and by choosing to deliver the Applications electronically, the Recipient confirms through the authorized signatory letter its agreement to: (a) abide by the Terms and Conditions of Use of Secure Identification Credentials in connection with Use of Electronic Means to Process Applications and Supporting Documentation, available in the Association's public website at https://worldbank.org and "Client Connection"; and (b) to cause such official to abide by those terms and conditions. H. Financial Reports and Audits (i) Financial Reports. The Recipient must prepare and furnish to the Association not later than forty- five (45) days after the end of each calendar quarter, interim unaudited financial reports ("IFR") for the Project covering the quarter. Where a UN agency is contracted by the Recipient, the Recipient is responsible to ensure that the financial reporting requirements applicable to the UN Agency are stipulated in the agreement between the Recipient and the UN agency and met in a timely manner. (ii) Audits. Each audit of the Financial Statements must cover the period of one fiscal year of the Recipient, commencing with the fiscal year in which the first withdrawal was made. The audited Financial Statements for each such period must be furnished to the Association not later than six (6) months after the end of such period. Where a UN agency is contracted by the Recipient, the Recipient is responsible to ensure that the documentation requirements applicable to the UN agency, for project audit purposes, are stipulated in the agreement between the Recipient and the UN agency. III. Other Information For additional information on disbursement arrangements, please refer to the Loan Handbook available on the Association's website (http://www.worldbank.org/) and "Client Connection". The Association recommends that you register as a user of "Client Connection". From this website you will be able to prepare and deliver Applications, monitor the near real-time status of the Credit, and retrieve related policy, financial, and procurement information. For more information about the website and registration arrangements, or if you have any queries in relation to the above, please contact the Association by email at AskLoans@WorldBank.org using the above reference. Yours sincerely, fie Gevers Country Director for C6te d'Ivoire West and Cent l Africa Region Attachments 1. Form of Authorized Signatory Letter 2. Interim unaudited Financial Report ("IFR") Schedule 1: Disbursement Provisions Country Republic of Cte d'Ivoire Closing Date Section III B.2 of Schedule 2 to the Credit Recipient Republic of C8te d'Ivoire Financing Agreement Number 7034-Cl Name of the Youth Employment and Skills Development Disbursement Four (04) months after the closing Project Project - Phase 3 Deadline Date date. Subsection 3.7 ** Disbursement Methods Methods Supporting Documentation Section 2 (**) Subsections 4.3 and 4.4 (**) Direct Payment Yes Copy of records Reimbursement Yes Interim unaudited Financial Report (IFR) in the format provided in Attachment 2 of the DFIL Designated Account (DA) Yes Interim unaudited Financial Report (IFR) in the format provided in Attachment 2 of the DFIL Special Commitments Yes Copy of Letter of Credit Two segregated Designated Accounts Type - DA-A for all Categories, except Category 6 Ceiling Variable - DA-B for Categories 6(a) to 6(1) Financial Institution - BCEAO Currency XOF Name Frequency of Reporting Quarterly Amount Six months forecast as per IFR Subsection 6.3 (**) The minimum value of applications for Reimbursement, Direct Payment and Special Commitment is USD100,000 equivalent. (9 Authorized Signatures (subsection 3.1). Applications for this Financing () Applications (subsection 3.4 - 3.4). will be signed by the official(s) designated in the Standing Authorization All Withdrawal Applications and supporting documentation will be Letter and authorized to sign Withdrawal Applications, including by electronically sent via the Association's system Client Connection. electronic means, for all C6te d'Ivoire Rroects. 1- Withdrawal applications for documentation of eligible expenditures under Categories 3,4 and 5 of the Withdrawal Table (Sub-grants and Result-Based Payments) must be supported by the following documents: a. List of eligible beneficiaries, selected and validated per the provisions of the PIM b. Verification Report from the Independent Verification Agency for payments made during the reporting period 2- For disbursement under PBC linked categories (Categories 6(a) to 6(n)): a. Disbursements will be made through reimbursement and advance methods only. b. For each withdrawal request, the amount payable shall be the lesser between (i) the amount allocated for the achievement of one or more PBCs and (ii) the amount of eligible expenditures incurred by the achievement date of such PBCs. c. Supporting documentation for documentation of eligible expenditures under the PBCs are: (i) Bank notification confirming that one or more PBCs (as referred to under Schedule 2 of the Financing Agreement) have been achieved and indicating the amounts payable for such PBCs and (ii) PBC Payment Reconciliation Statement in the format provided in Attachment 3 of DFEL. 3- For disbursements under Category 7 of the Withdrawal Table (Contingent Emergency Response Component: CERC): a. Supporting documentation requirements for reporting on use of Financing proceeds under this category would be provided in a revised DFIL, if CERC is activated under the project and funds are allocated to the category. b. In order to provide necessary liquidity for fast response, the ceiling of the Designated Account could be increased temporarily before the DFL is revised to include provisions of an Advance. Attachment 1 - Interim unaudited Financial Statements Table 1: Sources and use of funds Youth Employment and Skills Development Project - COTE D'IVOIRE SOURCES AND USES OF FUNDS (MODEL I) Model: 1 Exercise Quarter ending FRANC CFA (XOF) Page 1/1 Resources Government funding IDA Funding Received IDA Direct Payment Financing Total Funding Uses Improving vocational training and promoting entrepreneurship for job creation through the strengthening of local administrations Strengthening the capacity of the ETFP system to provide better employment opportunities and promote entrepreneurship among Ivorian youth Project management and monitoring evaluation Total of expenses Cash receipts minus expenses Net change in cash Opening cash Balance Opening cash Balance Designated IDA Account State Project Account IDA Project Account Total opening cash Net cash available Closing cash balance Designated IDA Account State Project Account IDA Project Account Total closing cash balance Table 2: Use of funds by activity - quarter ending USE OF FUNDS BY PROJECT ACTIVITY (MODEL I) Model: 1 Exercise : quarter endin IMPROVEMENT OF VOCATIONAL TRAlNING AND PROMOTION OF Cl ENTREPRENEURSHIP FOR JOB CREATION THROUGH THE STRENGTHENING OF LOCAL ADMINISTRATIONS Support for skills development and youth C11 employment programs in the local development plans (PDL) of the Regional Councils Capacity building of Regional Councils, ARDCI, C12 and institutions involved in youth employment at the decentralized level STRENGTHENING THE CAPACITY OF THE ETFP SYSTEA TO PROVIDE BETTER C2 EMPLOYMENT OPPRTUNITIES AND PROMOTE ENTREPRENEURSHIP AMONG IVOIRIAN YOUTH C21 Strengthen the TVET system to improve the employability of young people C22 Support for the transition from training to employment, self-employment, and entrepreneurship Strengthen institutional capacities for the C23 sustainability of the project PROJECT MANAGEMENT AND C3 MONITORING _EVALUATION