JANAMITRA DEVAN
Vice President and Head of Network
Financial and Private Sector Development
World Bank Group


                                                                       CONFORMED COPY

                                                                                 April 1, 2011


Mr. Murilo Portugal
Special Advisor to the Managing Director
International Monetary Fund
Washington, D.C., 20431
U.S.A.

Dear Mr. Portugal:


FIRST Technical Assistance Sub-account
Low-Income Countries (TF090901)
Addendum 19 to the Letter of Understanding


1.     Further to the Letter of Understanding between the International Bank for Reconstruction
and Development and the International Development Association (collectively, the “Bank�), as
administrator of the Multi-Donor Trust Fund for Low-Income Countries for the Financial Sector
Reform and Strengthening Initiative (the “Trust Fund�), acting on behalf of the donors to the
Financial Sector Reform and Strengthening Initiative (“FIRST�) that have signed administration
arrangements for the Trust Fund with the Bank (the “Administration Arrangements�, or each an
“Administration Arrangement�)(the “Donors�), and the International Monetary Fund (“IMF�)
(the “Letter of Understanding�), dated September 18, 2007, the Bank, acting on behalf of the
Donors, will contribute to the FIRST Technical Assistance Subaccount (the “Subaccount�) an
additional grant in the amount of USD 143,939.39 (one hundred and forty-three thousand, nine
hundred and thirty-nine United States dollars and thirty-nine cents) (the “Contribution�) to
finance FIRST’s technical assistance projects to support low-income countries.

2.    The Contribution will be deposited within 90 days after this Addendum to the Letter of
Understanding has become effective.

3.    The Contribution will be subject to the provisions of the above referenced Letter of
Understanding.
4.      This Addendum to the Letter of Understanding will become effective on the first business
day following the date it is duly dated and signed by an authorized representative of the latter of
the parties.
Mr. Murilo Portugal                             -2-                      April 1, 2011


5.     Please confirm that the arrangements set out above are acceptable by signing and dating
the two original copies of this Addendum and returning it to us.

Executed in two original documents in English.
For the International Bank for Reconstruction and Development
International Development Association
acting as administrator of the Trust Fund
on April 1, 2011




/s/ Janamitra Devan
Vice President
Financial and Private Sector Development


For the International Monetary Fund on April 13, 2011




/s/ Nemat Shafik
Deputy Managing Director