OFFICIAL DOCUMENTS ADDENDUM NO 3 TO THE ADMINISTRATION AGREEMENT BETWEEN THE EUROPEAN COMMISSION AND THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT CONCERNING THE PART II EUROPE 2020 PROGRAMMATIC SINGLE-DONOR TRUST FUND Trust Fund No TF 072459 (EC Contract No 2014/355-063) The European Union, represented by the European Commission (the "Donor"), on the one part, and The International Bank for Reconstruction and Development, Europe and Central Asia Region, 1818 H St, NW, Washington, DC 20433 (the "Bank"), on the other part, have agreed as follows: The following provisions of the Administration Agreement Trust Fund No TF 072459 (EC Contract No 2014/355-063), concluded between the European Commission and the World Bank on 15 July 2015 (the "Agreement") and last amended on 05 October 2017 are hereby replaced/completed as follows: 1. Paragraph I of the Administration Agreement is amended as follows: "1. The International Bank for Reconstruction and Development (the "Bank") acknowledges that the European Commission (the "Donor", and together with the Bank, the "Parties" and each a "Party") agrees to provide the sum of six million five hundred and fifty thousand Euro (E6,550,000.00) (the "Contribution") for the Part 11 Europe 2020 Programmatic Single-Donor Trust Fund, No. TF 072459 (the "Trust Fund") in accordance with the terms of this Administration Agreement. The estimated total budget of the Trust Fund is six million five hundred and fifty thousand Euro (E6,550,000). The indicative budget set out in Annex 5 shall be used for monitoring purpose only and shall not be binding." 2. Paragraph 3 of the Administration Agreement is amended as follows: "3. The Donor shall deposit the Contribution in accordance with the following schedule and in the currency specified in Section I above ("Contribution Currency") into such bank account designated by the Bank (each amount deposited hereinafter referred to as an "Instalment") upon submission of a payment request by the Bank: (A) Promptly following countersignature - E875,000.00 (B) C437,500.00 subject to the disbursement of 70% of the preceding instalment. (C) C437,500.00 subject to the disbursement of 70% of the preceding instalment. (D) C2,400,000.00 subject to the disbursement of 70% of the preceding instalment. (E) C2,400,000.00 subject to the disbursement of 70% of the preceding instalment. The period for payment of further instalments shall be 60 days. The period for payment of the balance shall be 90 days" 3. The new version of Annex 1 "Part II Europe 2020 Programmatic Single-Donor Trust Fund Description" to the Administration Agreement is attached to this addendum as Attachment 1. 4. Section 6.1 of the Annex 2 "Standard Provisions" to the Administration Agreement is amended as follows: " 6.1 It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by December 12, 2020 (the "End Disbursement Date"). The Bank shall only disburse funds deposited in the Trust Fund for the purposes of this Administration Agreement (other than returns to Donors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreement(s) of the Donor. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to each Donor in the Holding Currency in the manner specified in its respective Administration Agreement on a pro rata basis with regard to the total funds deposited in the Trust Fund by such Donor relative to the total funds deposited in the Trust Fund by the Donor, all calculated as Holding Currency amounts." 5. The new version of Article 1 of Annex 3 "Governance of the Activities set forth in Section 2 of Annex 1 to this Administration Agreement" to the Administration Agreement is attached to this addendum as Attachment 2. 6. The new version of Annex 4 "Indicative Results Indicators for the Activities set forth in Section 2.1 of Annex 1 to this Administrative Agreement" to the Administration Agreement is attached to this addendum as Attachment 3. 7. The new version of Annex 5 "Indicative Budget for the Activities set forth in Section 2.1 of Annex 1 to this Administrative Agreement" to the Administration Agreement is attached to this addendum as Attachment 4. All other terms and conditions of the Administration Agreement and its previous Addenda remain unchanged. This addendum shall form an integral part of the Administration Agreement and it shall enter into force on the later date of signature by the Parties. This addendum is drawn up in three originals, two for the European Commission and one for the World Bank Group entity. For the World Bank: For the European Commission: Name: Name: Mary McCarthy Position:k b1f fe 4w kC(1V Position: Director - SRSS Signature: Signature: Date: 7 Date: Z0 IP Attachment 1 ANNEX I Part II Europe 2020 Programmatic Single-Donor Trust Fund Description This Annex shall be applicable to and form an integral part of the Administration Agreement for the Trust Fund between the Bank and the Donor. 1. Objectives The objectives of the Trust Fund are: The European Commission and the Bank share a common objective of building competitive and sustainable economies and reducing poverty and social exclusion - goals of the Europe 2020 Agenda which is built on three pillars of smart, sustainable and inclusive growth. The European Commission and the Bank concur that direct interaction is beneficial to both institutions and through them to the beneficiary countries. This applies particularly to the provision of analytical, advisory and knowledge services and technical assistance. The European Commission has expressed an interest in ensuring that the Bank continues to provide technical assistance in the framework of the Trust Fund in furtherance of the common objective set forth above. 2. Activities The sub-objectives and description of activities are: (a) The Aid Program for the Turkish Cypriot community is implemented by the European Commission inter alia to foster the economic integration and convergence within Cyprus in view of its reunification. Under this program, the European Commission has asked the World Bank to provide technical assistance with the aim of: (i) filling knowledge gaps of macroeconomic developments in the TCc; (ii) conducting economic analysis on selected economic sectors and cross-cutting thematic areas that will support the TCc counterparts in developing a reform agenda for selected priority areas and (iii) enhancing local understanding of constraints impeding development and reforms through outreach and consultation. (b) The activities (which may be described as "components" of activities) to be financed by the Trust Fund, in support of the sub-objectives cited in Section 2 (a) above, are the following Bank-executed activities, for which the Bank has implementation responsibility: A. Fiscal analysis of the TCc economy. Building upon the already completed Public Finance Review carried out by the World Bank, this component will provide a detailed analysis of public spending in several aspects of public sectors and activities in the TCc and its impact on the TCc economy (for example health, employment, social security, and local authorities). This analysis will help supporting medium-term fiscal and financial sustainability of a unified island. Addendum 3 to Contract 2014/355-063 B. Financially sustainable public administration bodies in the TCc. Building on the World Bank's earlier Public Finance Review in the TCc, this component will help identify for the TCc reform options for a rationalized yet effective public sector that may result in a modem, effective and financially sustainable public sector for the TCc based on the principle of island-wide planning and in preparation for the potential implementation of acquis communautaire. It will focus on having a sustainable financial basis for its administrative activities and the ability to support policy making, coordination and effective service delivery (especially in the area of public health services), also through building the capacities of the beneficiaries. C. The economic, trade-related effects of potential reunification and disappearance of the Green Line for the TCc Building upon trade diagnostic work to date, this component will estimate the welfare gains to greater integration. Specifically, it will model the welfare gains from increased intra-island trade and from an enhanced economic positioning of the island in the world economy. The analysis will highlight the gains to consumers, producers and by main sectors of the economies (including a close examination of agriculture, manufacturing and service sectors), drawing on the international experience of the WBG. The Bank will also carry out an analysis of likely direct settlement-related effects on trading companies, and suggest how to re-orient them (sectors of growth) in order to gain competitiveness. D. Private sector development and social inclusion for the TCc Policies that improve private sector productivity and competitiveness will be needed for high and sustained rates of economic growth. Moreover, sustainable medium-term economic growth must be shared with all segments of the population otherwise risks will grow that continued integration will stall. This component will focus on the interaction between a more dynamic private sector, medium-term economic growth and the associated employment outcomes, with an emphasis on skills and educational upgrading for a modem economy. Building on the recently completed Private Sector Incentives Report prepared by the World Bank, it will also seek ways to analyze the economic effect of the potential application of the acquis communautaire, in particular in the field of competition and state aid. It may also consider options to reduce inequality of opportunities across income levels. E. Regular macroeconomic monitoring This component will produce two annual economic briefs on the state of the TCc economy. Like the current format of the notes, they will be predominantly descriptive without involving new analytical work. They will provide an update on economic growth, prices and exchange rates, the external sector and the general public sector budget - depending upon the availability of recent data. The component will also include a final report to synthesize the findings under the previous and proposed World Bank program in the context of sources and sustainability of growth. Indicative Outputs and Timeline Addendum 3 to Contract 2014/355-063 The Bank shall produce the following outputs within the indicative timeframe described below. INDICATIVE OUTPUTS DATE 1. Inception report July 2015 2. Fact finding missions, roundtable discussions, Throughout the workshops, and dissemination events implementation period Throughout the 3. Short input notes implementation period A. Fiscal Analysis of the TCc Economy 1. Fiscal management workshop June 2016 2. Interim workshops on public support to agriculture December 2016 and payments department 3. Final workshops on public support to agriculture and December 2017 payments department 4. An assessment of public support to agriculture July 2017 5. Technical note on payments department November 2017 B. Financially Sustainable Public Administration Bodies in the TCc 1. Workshop on strategic planning process September 2015 2. Guidance note on strategic planning process November 2015 3. Presentation to the 'Council of Ministers' October 2015 4. Guidance note on public investment management May 2016 5. Initial workshop on public investment management November 2015 6. Final workshop on public investment management October 2016 7. Inputs to a revised project pre-screening template 8. Institutional assessment for agriculture May 2016 9. Institutional assessment for tourism September 2016 10. Institutional assessment for labor September 2016 11. Institutional assessment for economy February 2017 12. Institutional assessment for environment February 2017 13. Workshop for institutional assessment for agriculture March 2016 C. The economic, trade related effects of potential reunification and disappearance of the Green Line for the TCc 1. A note on modelling trade-related effects of October 2016 reunification 2. An interim workshop on modelling trade-related April 2016 effects of reunification 3. A final workshop on modelling trade-related effects October 2016 of reunification 4. An initial workshop on tourism and agriculture October 2015 5. A final workshop on tourism February 2016 6. A policy note on tourism October 2016 7. A policy note on agriculture April 2016 Addendum 3 to Contract 2014/355-063 8. A follow-up workshop on agriculture November 2015 9. A final workshop on agriculture January 2016 10. Workshop on the use of behavioral science in public April 2018 policy 11. Behavioral diagnostic work on two priority issues June 2018 12. Design note of behavioral solutions July 2018 13. An initial interactive workshop on re-orienting June 2018 sectors of growth 14. A follow-up interactive workshop on re-orienting August 2018 sectors of growth 15. Advanced workshop on behavioral science in public October 2018 policy 16. An input note for a roadmap to re-orient sectors of November 2018 growth 17. Guidance note on agriculture processes and November 2018 functions 18. Roundtable discussion on agriculture processes and November 2018 functions 19. A policy note on programming options for February 2019 agriculture 20. Roundtable discussion on programming options for February 2019 agriculture 21. Guidance note on streamlining food and feed safety August 2019 inspection services 22. Roundtable discussion on streamlining food and August 2019 feed safety inspection services 23. Final interactive workshop on re-orienting sectors of August 2019 growth August_2019 24. Implementation and evaluation of behavioral August 2019 solutions 25. Results and lessons-learned notes of behavioral souin October 2019 solutions 26. Public dissemination events February 2020 D Private Sector Development and Social Inclusion in the TCc 1. SABER kick-off workshop July 2015 2. SABER validation workshop September 2015 3. SABER stakeholders workshop December 2015 4. SABER workforce development report January 2016 5. Workshop on preliminary findings from labor market December 2015 assessment/employment strategy 6. Kick-off workshop on employment strategy March 2016 7. Follow-up workshop on employment strategy April 2016 8. Follow-up workshop on employment strategy June 2016 9. Stakeholder validation workshop on employment October 2016 strategy 10. Labor market assessment/employability study February 2016 Addendum 3 to Contract 2014/355-063 11. Inputs to employment strategy December 2016 12. Workshop on preliminary findings from rapid higher December 2015 education assessment 13. Kick-off workshop on higher education strategic March 2016 directions 14. Follow-up workshop on higher education strategic June 2016 directions 15. Stakeholder validation workshop on higher education October 2016 strategic directions 16. Rapid higher education assessment January 2016 17. Higher education strategic directions paper December 2016 18. Doing Business reform memo August 2018 19. Workshop on Doing Business methodology August 2018 20. Assessment of insolvency framework February 2019 21. An input note to a revised insolvency framework May 2019 22. An input note to a revised insolvency practitioners August 2019 regulatory framework 23. Practice manual February 2020 24. Stakeholder workshops February 2020 25. Revised note on private sector incentives February 2019 26. Guidance note on a private sector incentive portal February 2020 27. A poverty and vulnerability snapshot July 2018 28. Guidance note on improving social assistance November 2018 services 29. STEP survey gaps and mismatch report May 2019 30. Guidance note on improving active labor market August 2019 policies and employment services 31. Multiple workshops and short notes for February 2020 implementation support as needed Component E. Regular Macroeconomic Monitoring 1. Presentation of the preliminary findings to the key January 2016 stakeholders 2. Economic monitoring note 1 April 2016 3. Workshop with the key stakeholders and presentation November 2016 of the preliminary findings 4. Economic monitoring note March 2017 5. Workshop on the synthesis note February 2017 6. Synthesis note February 2018 7. Economic monitoring note 1 August 2017 8. Dissemination of economic monitoring note 1 November 2017 9. Economic monitoring note 2 August 2018 10. Dissemination of economic monitoring note 2 November 2018 Addendum 3 to Contract 2014/355-063 The inception report will detail the work plan of activities including a stock-taking of the existing situation. 3. Eligible Expenditures 3.1 For Bank-executed activities, the Trust Fund funds may be used to finance: a) Staff and individual consultant services; b) Cost of travel; c) Cost of training and workshop; and d) Other services including translation. 4. Taxes 5.1 The foregoing activities and categories of expenditures may include the financing of taxes in accordance with the Bank's applicable policies and procedures. 5. Program Criteria 5.1 Activities are to be financed in accordance with the following program criteria: The Trust Fund is established to enable the European Commission and the Bank to continue to collaborate and exchange experience and expertise on a number of themes under all three pillars of the Europe 2020 Agenda - of smart, sustainable and inclusive growth. The express purpose of this Trust Fund is to allow the European Commission to avail itself of the Bank's technical assistance and analytical and policy capacity for the purpose of pursuing the goals of Europe 2020. The three pillars of Europe 2020 are broadly in line with the objectives and strategies adopted in the Europe and Central Asia Region of the World Bank Group. All activities that are in pursuance of these three pillars are eligible to be financed and implemented under this Trust Fund. Addendum 3 to Contract 2014/355-063 Attachment 2 ANNEX 3 GOVERNANCE OF THE ACTIVITIES SET FORTH IN SECTION 2 OF ANNEX 1 TO THIS ADMINISTRATION AGREEMENT 1. Working Arrangements A Steering Committee (SC) will provide guidance on the strategic direction of the Activities described in Section 2 of Annex 1 to this Administration Agreement and oversee their technical aspects. The SC will include senior staff from the Bank, the European Commission and unless otherwise agreed by the parties, it is expected that the EU Coordination Center (EUCC) in the TCc (the main TCc counterpart) will take part to the meetings of the Steering Committee. Other interested stakeholders might be invited on an ad hoc basis, whenever so agreed by the parties. The SC will meet regularly at least every six months as well as on an ad hoc basis, if and when required, and will be kept informed about the status of the implementation of the activities. The SC will be involved in reviewing and commenting all relevant outputs, documents and the work plan submitted by the Bank with the exception of interim and final activity reports which will be commented on and reviewed by the European Commission. The Task Force Turkish Cypriot community may request comments from other services of the European Commission on an ad hoc basis. The European Commission Project Manager (PM) will be the contact point for all implementation matters. The PM will be the recipient of all correspondences. Contact information is given below: Mrs. Berna Berberoglu E-mail: Berna.BERBEROGLU@aec.europa.eu On the Bank side, a Coordinator will be responsible for communication with the European Commission Project Manager, the EUCC, and the Government of Republic of Cyprus as well as for the overall coordination of the work program. The Bank shall prepare by not later than March 1, 2018, or such later date as may be agreed by the European Commission and the Bank, a mid-term report which will be reviewed by the European Commission, the Bank and other interested stakeholder as part of a mid-term review meeting to take stock on the status of the implementation of the activities and the activities that will remain to be carried out as part of this Agreement. It is expected that as a result of the mid-term review, the indicative results indicators, indicative budget and indicative timeline of outputs may be revised. Addendum 3 to Contract 2014/355-063 Attachment 3 ANNEX 4 INDICATIVE RESULTS INDICATORS FOR THE ACTIVITIES SET FORTH IN SECTION 2.1 OF ANNEX 1 TO THIS ADMINISTRATION AGREEMENT Expected Results Indicators Baselines Result goals Sources of Assumptions (logic of data intervention) Enhanced private sector preparedness for reunification, and inclusive growth, Impact resulting from commitment by decision makers to implement institutional and policy reforms jointly identified during the program PRIVATE SECTOR Interviews with Political Development To be measured with To be decided with and situation strategy mid-term review mid-term review questionnaire conducive to informed responses from proposed stakeholders activities Interviews with Political Policy/Strategy To be measured with To be decided with and situation informed mid-term review mid-term review questionnaire conducive to responses from proposed Outcome(s) stakeholders activities Interviews with Political Client capacity To be measured with To be decided with and situation increased mid-term review mid-term review questionnaire conducive to responses from proposed stakeholders activities Interviews with Political Knowledge To be measured with To be decided with and situation deepened mid-term review mid-term review questionnaire conducive to responses from proposed stakeholders activities Initial interactive Report on "Ministry of wrshop on re- Knolnom" b delivered 2/17 orienting sectors of Economncegrowth to be presented 6/18 Follow-up Short notes; Report on modelling interactive Political reports;trade-related effects of workshop on re- situation wreports; reunification presented orienting sectors of conducive to workshops; 1/6got ob Outputs roundtable presente Key stakeholders proposed discussions; activities and dissemination Interim workshop on Note for a roadmap data will be events modelling trade-related to re-orient sectors made available effects of reunification of growth to be presented 4/16 delivered 11/18 orFinal interactive Foin worshopelaon workshop on re- moeln trade-related orienting sectors of eetreunification growth to be presented presented 8/19 Addendum 3 to Contract 2014/355-063 Workshop on the use of behavioral science in public policy to be presented 4/18 Behavioral diagnostic Note on two priority issues to be delivered 6/18 Design note of behavioral solutions to be delivered 7/18 Advanced workshop on behavioral science in public policy to be presented 10/18 Implementation and evaluation of behavioral solutions to be delivered 8/19 Note on results and lessons-learned on behavioral solutions to be presented 10/19 Public workshops events to be presented 2/20 Revised note on private sector incentives to bedelivered 2/19 Guidance note on a private sector incentive portal to be delivered 2/20 Doing Business reform note to be delivered 8/18 Workshop on Doing Business methodology to be presented 8/18 Note assessing insolvency framework to be delivered 2/19 Note on revised insolvency framework delivered 5/19 Note on a revised insolvency practitioners regulatory Addendum 3 to Contract 2014/355-063 framework to be delivered 8/19 Practice manual to be delivered 2/20 Stakeholder workshops to be presented 2/20 Revised note on private sector incentives to be presented 2/19 Guidance note on a private sector incentive portal to be delivered 2/20 TOURISM Development To be measured with strategy ifrmtedy mid-term review informned Policy/Strategy To be measured with Outcome(s) informed mid-term review Client capacity To be measured with increased mid-term review Knowledge To be measured with deepened mid-term review Initial workshop on tourism and agriculture Short notes; presented 10/15 reports; Final workshop on workshops; tourism presented in 2/16 Outputs roundtable discussions; "Ministry of Tourism" dissemination delivered 9/16 Policy note on tourism delivered 10/16 ________ENVIRONMENT Development To be measured with strategymi-emrvw informednaldwormh Policy/Strategy To be measured with Outcome(s) informed mid-term review Client capacity To be measured with increased mid-term review Knowledge To be measured with deepened mid-term review Short notes; weorshs; Institutional report on the Oupuhopn ; "Ministry of the discutsrous ; Environment" delivered dissemination 21 events AGRICULTURE Addendum 3 to Contract 2014/355-063 Interviews with Political Development To be measured with To be decided with and situation strategy mid-term review mid-term review questionnaire conducive to informed responses from proposed stakeholders activities Interviews with Political Policy/Strategy To be measured with To be decided with and situation informed mid-term review mid-term review questionnaire conducive to responses from proposed Outcome(s) stakeholders activities Interviews with Political Client capacity To be measured with To be decided with and situation increased mid-term review mid-term review questionnaire conducive to responses from proposed stakeholders activities Interviews with Political Knowledge To be measured with To be decided with and situation deepened mid-term review mid-term review questionnaire conducive to responses from proposed stakeholders activities Interim workshops on Guidance note on public support to agriculture agriculture and payments processes and department presented functions to be 12/16 presented 11/18 staehodertaciviie Final workshops on workskshop public support to agriculture agriculture and payments processes and department presented functions to be 12/16 presented 11/18 Policy note on Assessment note of programming public support to options for agriculture agriculture to be agricultuliveredayme1t Short notes; Political reports; Roundtable situation workshops; Technical note on workshop on conducive to Outputs roundtable payments department to programming Key stakeholders proposed discussions; be delivered 11/17 options for activities and dissemination agriculture to be data will be events ________________ presented 2/19 made available Guidance note on pnt assessment streamlining food Instiu e 1/7otionalan for for agriculture delivered ed safety 5/16 inspection services to be delivered presented28/19 Roundtable Workshp fordiscussion on Workshp forstreamlining food institutional assessment a fe for agriculture presented ed safety 3/16 inspection services to be presented 8/19 Initial workshop on tourism and agriculture presented 10/15 Addendum 3 to Contract 2014/355-063 Policy note on agriculture presented 4/16 Follow-up workshop on agriculture on I 1/15 Final workshop on agriculture presented 1/16 EMPLOYABILITY AND SOCIAL PROTECTION Interviews with Political Development To be measured with To be decided with and situation strategy mid-term review mid-term review questionnaire conducive to informed responses from proposed stakeholders activities Interviews with Political Policy/Strategy To be measured with To be decided with and situation informed mid-term review mid-term review questionnaire conducive to responses from proposed Outcome(s) stakeholders activities Interviews with Political Client capacity To be measured with To be decided with and situation increased mid-term review mid-term review questionnaire conducive to responses from proposed stakeholders activities Interviews with Political Knowledge To be measured with To be decided with and situation deepened mid-term review mid-term review questionnaire conducive to responses from proposed stakeholders activities Workshop on Poverty and preliminary findings vulnerability from labor marketsnphtoetob assessment/employment spshonote tobe strategy presented 12/1 5 peetd7 Guidance note on Kick-off workshop on improving social employment strategy assistance system presented 3/16 to be delivered ____ ___ ____ ___ ___ 11/18 Short notes; Guidance note on Political reports; improving active situation workshops; Follow-up workshop on labor market conducive to Outputs roundtable employment strategy policies and Key stakeholders proposed discussions; presented 4/16 employment activities and dissemination services to be data will be events presented 8/19 made available Multiple w orkshopworkshops and eloment wrkepon short notes for employment strategy ipeetto presented 3/16 ipeetto presnted6/16support as needed through 2/20 Stakeholder validation workshop on employment strategy presented 10/16 Addendum 3 to Contract 2014/355-063 Labor market assessment/employability long note delivered 2/16 Note with inputs to employment strategy delivered 12/16 SKILLS Interviews with Political Development To be measured with To be decided with and situation strategy infredy mid-term review mid-term review questionnaire conducive to informedresponses from proposed _____________ ___________________stakeholders activities Interviews with Political Policy/Strategy To be measured with To be decided with and situation informed mid-term review mid-term review questionnaire conducive to responses from proposed Outcome(s) stakeholders activities Interviews with Political Client capacity To be measured with To be decided with and situation increased mid-term review mid-term review questionnaire conducive to responses from proposed stakeholders activities Interviews with Political Knowledge To be measured with To be decided with and situation deepened mid-term review mid-term review questionnaire conducive to responses from proposed stakeholders activities STEP survey gaps SABER kick-off and mismatch long workshop presented 7/15 report delivered ____________________5/19 Multiple workshops and SABER validation short reports for workshop presented 9/15 implementation support as needed __________________through 2/20 SABER stakeholders Short notes; workshop presented Political reports; 12/15 situation workshops; SABER workforce conducive to Outputs roundtable development report Key stakeholders proposed discussions; delivered 1/16 activities and dissemination Workshop on data will be events preliminary findings made available from rapid higher education assessment presented 12/15 Kick-off workshop on higher education strategic directions presented 3/16 Follow-up workshop on higher education strategic directions presented 6/16 9/15 Addendum 3 to Contract 2014/355-063 12/15 Stakeholder validation workshop on higher education strategic directions presented 10/16 Rapid higher education assessment delivered 1/16 Higher education strategic directions long report delivered 12/16 MACROECONOMIC STABILITY Interviews with Political Development To be measured with To be decided with and situation strategy infredy mid-term review mid-term review questionnaire conducive to informedresponses from proposed _____________ ___________________stakeholders activities Interviews with Political Policy/Strategy To be measured with To be decided with and situation informed mid-term review mid-term review questionnaire conducive to responses from proposed Outcome(s) stakeholders activities Interviews with Political Client capacity To be measured with To be decided with and situation increased mid-term review mid-term review questionnaire conducive to responses from proposed stakeholders activities Interviews with Political Knowledge To be measured with To be decided with and situation deepened mid-term review mid-term review questionnaire conducive to responses from proposed stakeholders activities Workshop on preliminary Synthesis note to macroeconomic findings be delivered 2/18 to the key stakeholders presented 1/16 _________ Economic Economic monitoring monitoring note I Short notes; note I delivered 4/16 to be delivered Political reports; To_be_measured_with 8/17 situation workshops; Workshop with the key Economic conducive to Outputs roundtable stakeholders on monitoring note I Key stakeholders proposed discussions; preliminary findings to be disseminated activities and dissemination presented 11/16 11/17 data will be events Economic made available Economic monitoring monitoring note 2 note delivered 3/16 to be delivered 8/18 wo ;Economic Wsyhopi nontersne monitoring note 2 din to be disseminated 17 11/18 _______ ______ PUBLIC INVESTMENT MANAGEMENT ____ Development To be measured with Outcome(s) strategy mid-term reviewr _ _onm__ _onitrin _ __orn nt I _ _ I_ nteIdeivrd/1 informed6 to_bedelivered Addendum 3 to Contract 2014/355-063 Policy/Strategy To be measured with informed mid-term review Client capacity To be measured with increased mid-term review Knowledge To be measured with deepened mid-term review Guidance note on public investment management Short notes; delivered 5/16 reports; weorhs; Initial workshop on worksops; public investment Outputs roundtablepulcivsmn discus ions management presented discussions; 115 dissemination 1/5 events Final workshop on public investment presented 11/16 STRATEGIC PLANNING Development To be measured with strategy informed Policy/Strategy To be measured with Outcome(s) informed mid-term review Client capacity To be measured with increased mid-term review Knowledge To be measured with deepened mid-term review Guidance note on policy, planning, and Short notes; coordination in "Prime reports; Ministry" delivered workshops; 11/15 Outputsroundtable disctsrussio; Findings presented in dissmiion workshop in 9/15 dissemination events Findings presented to the "'Council of Ministers" in 10/15. Addendum 3 to Contract 2014/355-063 Attachment 4 ANNEX 5 INDICATIVE BUDGET FOR THE ACTIVITIES SET FORTH IN SECTION 2.1 OF ANNEX 1 TO THIS ADMINISTRATION AGREEMENT Expenditure category Amount in Euro Staff and individual consultant services Cost of travel 1,528,400 Cost of training and 616,500 workshop Other services including 444,600 translation Sub-total 6,222,500 Trust fund admin fee (5%) 327,500 Total 6,550,000 The amount estimated for personnel is calculated taking into account different levels of expertise estimated to be required for carrying out the activities described in Annex 1. The World Bank Group entity may transfer amounts between categories of the indicative budget. This does not require an amendment of the Administration Agreement if the Action is carried out as described in Annex 1. Addendum 3 to Contract 2014/355-063