OFFICIAL ca, 5ef aY DOCUMENTS THE WORLD BANK IBRD* IDA I WORLDBANKOROUP December 1, 2016 The Honourable Winston Jordan, MP Minister of Finance Ministry of Finance 49 Main & Urquhart Streets Georgetown, Guyana Re: IDA Financing No. 5474-GY (Flood Risk Management Project) Additional Instructions: Disbursement Letter - First Amendment Excellency: I refer to the Financing Agreement between the International Development Association (the "Association") and Co-Operative Republic of Guyana (the "Recipient") for the above-referenced project, dated October 10, 2014. The Agreement provides that the Association may issue additional instructions regarding the withdrawal of the proceeds of financing 5474-GY ("Financing"). This letter ("Disbursement Letter"), as revised from time to time, constitutes the additional instructions. This is the first amendment of the Disbursement Letter dated October 10, 2014 for the above referenced project. This letter restates Section II (vi) in order to modify the Financial Institution at which the Designated Account will be opened. All other provisions and attachments of the Disbursement Letter dated October 10, 2014 shall remain in force and effect. The attached World Bank Disbursement Guidelines for Projects, dated May 1, 2006, ("Disbursement Guidelines") (Attachment 1), are an integral part of the Disbursement Letter. The manner in which the provisions in the Disbursement Guidelines apply to the Financing is specified below. Sections and subsections in parentheses below refer to the relevant sections and subsections in the Disbursement Guidelines and, unless otherwise defined in this letter, the capitalized terms used have the meanings ascribed to them in the Disbursement Guidelines. I. Disbursement Arrangements (i) Disbursement Methods (section 2). The following Disbursement Methods may be used under the Financing: * Reimbursement * Advance * Direct Payment * Special Commitment (ii) Disbursement Deadline Date (subsection 3.7). The Disbursement Deadline Date is 4 months after the Closing Date specified in the Financing Agreement. Any changes to this date will be notified by the Association. (iis) Disbursement Conditions (subsection 3.8). Please refer to the Disbursement Condition(s) in Section IV.B. 1 of Schedule 2 to the Financing Agreement. II. Withdrawal of Financing Proceeds (i) Authorized Signatures (subsection 3.1). An authorized signatory letter in the Form attached (Attachment 2) should be furnished to the Association at the address indicated below providing the name(s) and specimen signature(s) of the official(s) authorized to sign Applications: 1818 H Street, N.W. Washington, DC 20433 Unites States of America Attention: Country Director Caribbean Country Management Unit (ii) Applications (subsections 3.2 - 3.3). Please provide completed and signed: (a) applications for withdrawal, together with supporting documents; and (b) applications for special commitments, together with a copy of the commercial bank letter of credit, to the address indicated below: The World Bank/ Banco Mundial Setor Comercial Norte, Quadra 02, Lote A Edificio Corporate Finance Center 70 Andar 70712-900 Brasilia, D.F. Brazil Attention: Loan Department (iii) Electronic Delivery (subsection 3.4) The Association may permit the Recipient to electronically deliver to the Association Applications (with supporting documents) through the Association's Client Connection, web-based portal. The option to deliver Applications to the Association 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 credentials ("SIDC") from the Association 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 Association agrees, the Association will provide the Recipient with SIDC 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.or,). The Recipient may continue to exercise the option of preparing and delivering Applications in paper form. The Association 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 SIDC to Process Applications. By designating officials to use SIDC and by choosing to deliver the Applications electronically, the Recipient confirms through the -2- 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 ("Terms and Conditions of Use of Secure Identification Credentials") provided in Attachment 3; and (b) 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 Reimbursement and Direct Payment and Special Commitment s is US$ 100,000. (vi) Advances (sections 5 and 6). * Type of Designated Account (subsection 5.3): Segregated. * Currency ofDesignated Account (subsection 5.4): United States Dollars. * Financial Institution at which the Designated Account Will Be Opened (subsection 5.5): Bank of Guyana. * Ceiling (subsection 6.1). forecast for two (2) quarters as provided in the quarterly Interim Financial Report. III. Reporting on Use of Financing Proceeds (i) Supporting Documentation (section 4). Supporting documentation should be provided with each application for withdrawal as set out below: * For requests for Reimbursement: o Interim Financial Report in the form attached (Attachment 4); and o List of payments against contracts that are subject to the Association's prior review, in the form attached (Attachment 5). * For reporting eligible expenditures paid from the Designated Account: o Interim Financial Report in the form attached (Attachment 4); " List of payments against contracts that are subject to the Association's prior review, in the form attached (Attachment 5); and o Designated Account Bank Statement and Reconciliation Statement in the form attached (Attachment 6). * For requests for Direct Payment: records evidencing eligible expenditures, e.g., copies of receipts, supplier invoices. (ii) Frequency of Reporting Eligible Expenditures Paidfrom the Designated Account (subsection 6.3): The minimum frequency is Quarterly. -3- IV. Other Important Information For additional information on disbursement arrangements, please refer to the Disbursement Handbook available on the Association's public website at https://www.worldbank.org and its secure website "Client Connection" at https://clientconnection.worldbank.org. Print copies are available upon request. From this website you will be able to prepare and deliver Applications, monitor the near real- time status of the Financing, 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 effected. For more information about the website and registration arrangements, please contact the Association by email at . If you have any queries in relation to the above, please contact Tatiana de Abreu, Finance Officer, at tdeabreugworldbank.org using the above Project Name and Credit number as reference. Yours sincerely, Tatiana de Areu Finance Officer WFALA - Loan Operations Attachments (as previously provided in the original letter): 1. World Bank Disbursement Guidelines for Projects, dated May 1, 2006 2. Form for Authorized Signatures 3. Terms and Conditions of Use of Secure Identification Credentials in connection with Use of Electronic Means to Process Applications and Supporting Documentation, dated March 1, 2013 4. Form of Interim Financial 5. Form of Payments Against Contracts Subject to the Association's Prior Review 6. Form of Designated Account Reconciliation Statement -4-