OFFICIAL
DOCUMENTS
Amendment to Agreement between the Republic ofKorea, acting through the Korea
Development Institute, and the International Bank for Reconstruction and Development and the
International Development Association concerning Korea Development Institute and World
Bank Leadership, Learning and Inndvation Learning Partnership Single-Donor Trust Fund
(Tust Fund No. TF072350)
Amendment No. 2 to Supplemental Agreement (Parallel Trust Fund No. TFO72588), parallel to
original Trust Fund No. TFO72350, between the Republic of Korea, acting through the Korea
Development Institute, and the International Bank for Reconstruction and Development and the
International Development Association concerning Korea Development Institute and World
Bank Leadership, Learning and Innovation Learning Partnership Single-Donor Trust Fund
1.    Reference is made to the Administration Agreement between the Republic of Korea, acting through
the Korea Development Institute (the "Donor") and the International Bank for Reconstruction and
Development and the International Development Association (collectively, the "Bank" and together with
the Donor, the "Parties" and each a "Party") concerning Korea Development Institute and World Bank
Leadership, Learning and Innovation Learning Partnership Single-Donor Trust Fund (Trust Fund
No. TF072350) ("Original Account") effective as of December 17, 2014, as may have been amended (the
"Administration Agreement").
2.     Reference is also made to the Supplemental Agreement between the Donor and the Bank
concerning Korea Development Institute and World Bank Leadership, Learning and Innovation Learning
Partnership Single-Donor Trust Fund (Parallel Trust Fund No. TF072588) (the "Parallel Account")
effective as of April 1, 2016, as amended (the "Supplemental Agreement").
3.     The Parties agree to amend the Administration Agreement as follows:
Paragraph 6.1 of Annex 2 shall be deleted and replaced with the following:
" 6.1. It is expected that the funds deposited in the Trust Fund shall be fully disbursed by
the Bank by April 30, 2019 (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 Donor) after such date to the extent such date is changed in accordance with
amendments made to the Administration Agreements of all the Donors. 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 all Donors, all
calculated as Holding Currency amounts."
4.     The Parties agree to amend the Supplemental Agreement as follows:
Paragraph 6 shall be deleted and replaced with the following:
"6.    The Parties agree that the End Disbursement Date for purposes of the Parallel Account is
April 30, 2019."
5.     All other terms of the Administration Agreement and the Supplemental Agreement shall remain
the same.
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6.     Each of the Parties represents, by confirming its agreement below, that it is authorized to enter into
this Amendment and act in accordance with these terms and conditions. The Parties are requested to sign
and date this Amendment, and upon possession by the Bank of this fully signed Amendment, this
Amendment shall become effective as of the date of the last signature.
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
INTERNATIONAL DEVELOPMENT ASSOCIATION
By:_                 __       __      _              Date:    _    _    _     _    _
MARGOT BkOWN
Director
Global Themes Knowledge Management
KOREA DEVELOPMENT INSTITUTE
By:                                                      Date:       c 3     12     2of
YONG-9EONGKINf
Acting President
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