OPP'ICtAL The World Elank . . (202) 473-1000 INTERNATIONAL 3ANK FOR RECONSTRUCTION AND EEVE-0 M NT Washington, D.C, 20433 Cable Address: INTBAFRAD INTERNATIONAL .EVELOPMENT ASSOCIATION I .. Cable Address: INDEVAS f4 1- . 2013 Hripsime Kirakosyan President, Mission Armenia 42, Garegin Nzhdeh St. Yerevan 0026, Republic of Armenia Re: Republic of Armenia: JSDF Gra it for Strengthening the Livelihoods and Voice of the Poor and Vulnerable Perso -s in Armenia Project Grant No. TFO13894 Additional I istructions: Disbursement Letter Dear Sir: I refer to the Lettcr Agree me it (". kgreement") between the International Bank for Reconstruction and Development/International Developirent Association ("World Bank"), as administrator of grant funds provided by Japan ("Donc r") und(:r the Japan Social Development Fund, and Mission Armenia ("Recipient") for the above-referenced pp ject, dated t&rC.The Agreement provides that the World Bank may issue additional instructions re, ,arding the withdrawal of the proceeds of Grant No. TF013894 ("Grant"). This letter ("Disburse:ner t Le:ter"), as revised from time to time, constitutes the additional instructions. The attached World B:nk Di. bursement Guidelines for Projects, dated May 1, 2006, ("Disbursement Guidelines") (Attach nen1 1), are an integral part of the Disbursement Letter. The manner in which the provisions in the Disburserrent Guidelines apply to the Grant is specified below. Sections and subsections in parentheses below reft r to the relevant sections and subsections in the Disbursement Guidelines and, unless otherwise define< in this letter, the capitalized terms used have the meanings ascribed to them in the Disburserent Gui.elines. I. Disbursement Arrangements (i) Disbursement Methods (section 2'. TI e following Disbursement Methods may be used under the Grant: * Reimbursement * Advance * Direct Payment (ii) Disbursement Deadline Date 'supsect on 3.7). The Disbursement Deadline Date is 4 months after the Closing Date specified in the (rant AE reement. Any changes to this date will be notified by the World Bank. (iii) Disbursement Condidons (shbsectiom 3.8). Please refer to the Withdrawal Condition(s) in the Grant Agreement. II. Withdrawal of Grant Proceeds (i) Authorized Signatures (subsection 3.1). A letter in the Form attached (Attachment 2) should be furnished to the World Bank at the address indicated below providing the name(s) and specimen signature(s) of the official(s) authorized to submit Applications: The World Bank 1818 H Street, N.W. Washington, DC 20433 United States of America Attention: Country Director (ii) Applications (subsections 3.2). Please provide completed applications for withdrawal, together with supporting documents, through the World Bank's Client Connection, web-based portal, following the instructions for electronic delivery. In the case the recipient does not have internet access, the World Bank may permit the delivery of applications for withdrawal, together with supporting documents, in accordance with subsection 3.3, to the following address: The World Bank Radnicka cesta 80/IX 10000 Zagreb, Croatia Attention: Loan Department (iii) Electronic Delivery (subsection 3.4) The option to deliver Applications to the World Bank by electronic means may be effected if: (a) the Recipient has designated in writing, pursuant to the terms of subparagraph (i) of this Section, its officials who are authorized to sign and deliver Applications and to receive secure identification devices ("Tokens") from the World Bank for the purpose of delivering such Applications by electronic means; and (b) all such officials designated by the Recipient have registered as users of Client Connection. If the World Bank agrees, the World Bank will provide the Recipient with Tokens for the designated officials. Following which, the designated officials may deliver Applications electronically by completing Form 2380, which is accessible through Client Connection (https://clientconnection.worldbank.org). The Recipient may continue to exercise the option of preparing and delivering Applications in paper form. The World Bank reserves the right and may, in its sole discretion, temporarily or permanently disallow the electronic delivery of Applications by the Recipient. (iv) Terms and Conditions of Use of Tokens to Process Applications. By designating officials to accept Tokens 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 Devices in connection with Use of Electronic Means to Process Applications and Supporting Documentation ("Terms and Conditions of Use of Tokens") provided in Attachment 3; and (b) to deliver the Terms and Conditions of Use of Tokens to each such official and to cause such official to abide by those terms and conditions. (v) Minimum Value of Applications (subsection 3.5). The Minimum Value of Applications for Reimbursements and Direct Payments is USD 100,000. (vi) Advances (sections 5 and 6) to Mission Armenia. * Type of Designated Account (subsection 5.3): Segregated * Currency of Designated Accou at (subsection 5.4): USD * Financial Institution at witich he Designated Account Will Be Opened (subsection 5.5): HSBC Bank, Armenia * Ceiling (subsection 6.1) U D 3 0,000 III. Reporting on Use of Grant 11Pro zeed i (i) Supporting Documertation (sec ion 4). Supporting documentation should be provided with each applization for withdrawal as set out )elol v: * For requests for Reimburseme, it: 0 Statement of E;:penditu -e in the form attached (Attachment 4); " Statemnt of E:cpenditu -e in the form attached (Attachment 7) for Sub-Grants, expenditure Calegory 2 and " List of paymen Is agains [ contracts that are subject to the World Bank's prior review, in the form attach .d (Attachment 5). * For reporting eligible expE ndit, tres paid from the Designated Account: o Statement of Expenditu -e in the form attached (Attachment 4); o Statement of E.peinditu e in the form attached (Attachment 7) for Sub-Grants, expenditure Ca egcry 2 o List of paymeni s agains: contracts that are subject to the World Bank's prior review, in the form attachod (,ktta hment 5); and, O A reconciliatioi of the Designated Account, in the form attached (Attachment 6), with a copy Df the bank state nent. * For requests for Direct PaPmet t: records evidencing eligible expenditures, e.g., copies of receipts, supplier invoices (ii) Frequency of Reporting Eligible Exp 'nditures Paid from the Designated Account (subsection 6.3): Quarterly or more often if required. IV. Other Important Information For additional irformation *n disbursement arrangements, please refer to the Disbursement Handbook available on t6e World Eank's public website at https://www.worldbank.org and its secure website "Client Connectin" at t,tps://clintconnection.worldbank.org. Print copies are available upon request. If you have not already done so, the World Bank recommends that you register as a user of the Client Connection website (https://clientconnection.worldbank.or). From this website you will be able to download Applications, monitor the near real-time status of the Grant, and retrieve related policy, financial, and procurement information. All Recipient officials authorized to sign and deliver Applications by electronic means are required to register with Client Connection before electronic delivery can be affected. For more information about the website and registration arrangements, please contact the World Bank by email at clientconnection@worldbank.org. If you have any queries in relation to the above, please contact LOA-TF by sending an email to loa-tf@worldbank.org and using the trust fund number as a reference. Y sin erely, Jean- ap Country Manager, Republic of Armenia Attachments IV! 4. World Bank Disbursement Guidelines for Projects, dated May 1, 2006 2. Form for Authorized Signatures 3. Terms and Conditions of Use of Secure Identiffication Devices in connection with Use of Electronic Means to Process Applications and Supporting Documentation, dated January 20, 2010 4. Form of Statement of Expenditures 5. Form of Payments Against Contracts Subject to the World Bank's Prior Review 6. Designated Account Reconciliation Statement 7. Form of Statement of Expenditure for Category 2, Sub-Grants Attachment 2 [Letterhead] Mission Armenia [Street address] [City] [Country] [DATE] The World Bank 1818 ' H Street, N.W. Washington, D.C. 20423 United States of America Attention: Country Director Dear Country Director: Re: Republic of Armenia: JSDF Gr mt for Strengthening the Livelihoods and Voice of the Poor and Vulnerable Per ;ons in Armenia Project Grant No. TF013894 I refer to the Grant Agr! en tent ("Agreement") between the International Bank for Reconstruction and Developm nt/ Intrnational Development Association ("World Bank"), as administrator of grant Junds p :ovided by Japan ("Donor") under the Japan Social Development Funa, and Mission Armenia ("Recipie it"), dated , providing the above Grant. For the purposes of Section 3.04 (b) of the Star dard Conditions, as defined in the Agreement, any [lone] of the persons whose authentic ate I sp cimen signatures appear below is authorized on behalf of the Recipient to sign applica tioi is for withdrawal under this Grant. For the purpose of delivering YApplications to the World Bank, 2[each] of the persons whose authenticated specimen sig natt res appears below is authorized on behalf of the Recipient, acting 3[individually] 4[ oint y], to deliver Applications, and evidence in support thereof on the terms and condilions sp ecified by the World Bank. Instruction to the Recipient wien sendi,ig t0 is let er to the World Bank: Stipulate if more than one person needs to sign Applications, and how many or which po:;itioiis, an I if any thresholds apply. Please delete this footnote in final letter that is sent to the V/orld Bank. 2 Instriction to the Recipient: Stipulate ii moae tha i one person needs to jointly sign Applications, if so, please indicate the actual number. Please delete tisfootnote in inal I tter that is sent to the World Bank. Instriction to the Recipient: Use this brackEt if ar y one of the authorized persons may sign; if this is not applicable, please delete. Please delete this footnote in finc let er th(,t is sent to the World Bank. Instriction to the Recipient: Use this brackEt onh if several individuals must jointly sign each Application; if this is not applicable, please delete. Plea,:e delete th1is f )otno e in final letter that is sent to the World Bank. s[This confirms that the Recipient is authorizing such persons to accept Tokens and to deliver the Applications and supporting documents to the World Bank by electronic means. In full recognition that the World Bank shall rely upon such representations and warranties, including without limitation, the representations and warranties contained in the Terms and Conditions of Use of Secure Identification Devices in connection with Use of Electronic Means to Process Applications and Supporting Documentation ("Terms and Conditions of Use of Tokens"), the Recipient represents and warrants to the World Bank that it will deliver to each such person a copy of the Terms and Conditions of Use of Tokens and will cause such persons to abide by those terms and conditions.] This Authorization replaces and supersedes any Authorization currently in the World Bank records with respect to this Agreement. [Name], [position] Specimen Signature: [Name], [position] Specimen Signature: [Name], [position] Specimen Signature: Yours truly, / signed / [Position] Instruction to the Recipient: Add this paragraph if the Recipient wishes to authorize the listed persons to accept Tokens and to deliver Applications by electronic means; if this ;s nct applicable, plea3e delete the paragraph. Please delete this footnote in final letter that is sent to the World Bank. Attachment 3 Terms and Con diatio is of Use of Secure Identification Devices in ion iecti on with Use of Electronic Means t m Process Applications and! upporting Documentation January 20, 2010 The World Bank (Banl<)6 will provile s( cure identification devices (Tokens) to permit the Borrower7 to deliver applications for withdrawil aid alplications for special commitments under the Agreement(s) and supporting documentation (such app ications and supporting documentation together referred to in these Terms and Conditicns of Us e a:; Aplications) to the Bank electronically, on the terms and conditions of use specified hereir. A. Identification of Users. 1. The Borrower will be require ito dentify in a completed Authorized Signatory Letter (ASL) duly delivered to and received by the lank each person who will be authorized to deliver Applications. The Bank wl i provid e Tokens to each person identified in the ASL (Signatory), as provided below. The Borower st all also immediately notify the Bank if a Signatory is no longer authorized by the Borrow er to ac, as a Signatory. 2. Each Signatory must regis ter as a iser on the Bank's Client Connection (CC) website (https://clientcor nection woIdbi LLg[) prior to delivery of Tokens. Registration on CC will require that the Signatory establi! h a CC password (CC Password). The Signatory shall not reveal his/her CC Password to anyone or store or record the CC Password in written or other form. Upon registration as a CC user, th a Signatory will be assigned a unique identifying account name. B. Distribution, Initializatioi and Return of Tokens. 1. The Bank will physically d:fliv!r a oken to each Signatory in a manner to be determined by and satisfactory to the Bank. 6,"Banl," includes IBRD and IDA. 7,"Borower" includes the borrower of ar IBRE loan, IDA credit, or Project Preparation Facility advance and the recipie,t of a grant. 7 2. At the time of delivery of a Token to a Signatory, the Signatory will receive a copy of these Terms and Conditions of Use for purposes of initializing the Token. 3. The Bank will verify that the Token, Temporary Password and Terms and Conditions of Use have been duly delivered to and received by the CC User. 4. Promptly upon receipt of the Token and Terms and Conditions of Use, the Signatory will access CC using his/her account name and CC Password and register his/her Token and set a personal identification number (PIN) to be used in connection with the use of his/her Token, after which the Token will be initialized for use by the Signatory exclusively for purposes of delivering Applications. Upon initialization of the Token, the Signatory will be a "Token User". The Bank will maintain in its database a user account (Account) for each Token User for purposes of managing the Token of the Token User. Neither the Borrower nor the Token User will have any access to the Account. 5. Prior to first use of the Token by the Token User for delivering Applications, the Borrower shall ensure that the Token User has received training materials provided by the Bank in use of the Token. 6. Tokens shall be promptly returned to the Bank upon request of the Bank. C. Management of Tokens. 1. Tokens will remain the property of the Bank. 2. Use of the Token is strictly limited to use in the delivery of Applications by the Token User in the manner prescribed by the Bank in the Agreement(s) and these Terms and Conditions. Any other use of the Token is prohibited. 3. The Bank assumes no responsibility or liability whatsoever for any misuse of the Token by the Token User, other representatives of the Borrower, or third parties. 4. The Borrower undertakes to ensure, and represents and warrants to the Bank (such representation and warranty being expressly relied upon by the Bank in delivery of a Token to each Token User) that each Token User is provided, understands and will abide by, these Terms and Conditions of Use, including without limitation the following: Security 4.1. The Token User shall not reveal his/her PIN to anyone or store or record the PIN in written or other form. 4.2. The Token User shall not allow anyone else to utilize a Token to deliver an Application to the Bank. 4.3. The Token User shall always logout from CC when not using the system. Failure to logout properly can create a route into the system that is unprotected. 4.4. If the Token User believes a third party has learned his/her PIN or has lost his/her Token he/she shall immediately notify clientconnection@worldbank.org. 4.5. The Borrower shall immediately notify the Bank at clientconnection@worldbank.org of any lost, stolen or compromised Tokens, and take other reasonable steps to ensure such Tokens are disabled immediately. 8 Care of Tokens 4.6. Tokens contain delic3te and sophisticated instrumentation and therefore should be handled with due care, aid shoulJ not be immersed in liquids, exposed to extreme temperatures, crushed o bent. Also, Tokens should be kept more than five (5) cm from devices that generate electromaf:nelic ra liation (EMR), such as mobile phones, phone-enabled PDAs, smart phones and other imilar d vices. Tokens should be carried and stored separate from any EMR device. At close range (less :han 5 cm), these devices can output high levels of EMR that can interfere with the proper ope ration of electronic equipment, including the Token. 4.7 Without Jerogati ng 1rom these Terms and Conditions of Use, other technical instructions on t&e proper use an J care Tokens are available at http://www.rsa.com. 5. Replacement 5.1. Lost, damaged, compromised (in terms of 4.5, above) or destroyed Tokens will be replaced at the eXpense of the Bc rrower. 5.2. The Bank reserves the rig it, in its sole discretion, not to replace any Token in the case of misuse, or not to reactiva te i Tok 2n User's Account 6. Reservation of Right to d1sable T ken 6.1. The Borrower shall r!ser%e the right to revoke the authorization of a Token User to use a Token for any riason. 6.2. The Bank reserves the rig it, in its sole discretion, to temporarily or permanently disable a Token, de-activite a To