The World Bank (202) 473-1000 INTERNATIONAL BA% FOR RECONSTRUCTION AND DE /EL)PME 4T ton D C. 233 Cable Address: INTBAFRAD INTERNATIONAL DE CE LOPMENT ASSOCIATION p Cable Address: INDEVAS ~ , 2013 M. Hideaki Suzuki Executive Director cf the World Bnk for Japan On behalf of the Ministry o ' Finance, Japan 3-1-1 Kasumigaseki Chiyoda-ku 10-8940 Tokyo, Ja:an Agreement pursucnt to the Contribution Agreement between the Ministry of Finar ce of Japan and the International Development Association concerting th, Debt Relief Trust Fund (TF No. 020164) Dear Mr. Suzuki: 1. We refer to the Contribution kgreement between the Ministry of Finance of Japan (the "Donor") and the I ate rnat onal Development Association ("IDA") concerning the Debt Relief Trust Fund (tt.e "Trust Fund", formerly the HIPC Trust Fund), dated July 7, 2000 (the "Contribuior Ag -eement"). Unless otherwise defined herein, capitalized terms used but not de Fin-d ii this letter have the meanings given to them in the Contribution Agreement. 2 Paragraph 3(d) of the Tr st F und Resolution, which is incorporated into and forms part of the Contribution kgrcement authorizes IDA, as Administrator of the Trust Fund, to invest funds hel2 in I he Trust Fund pending disbursement, and provides that "all the income from !;uch in estment shall be credited to, and used exclusively for the purposes of, the T:-usi. Fuid, except that if a donor so requires, the income from the investment :f the f imc s pr )vided by that donor shall be paid to the donor." 3. IDA, as Administrator of the Trust Fund, and the Donor hereby agree that the amount of Two Millior. United Slates Dollars (USD 2,000,000), representing a portion of the Donor's share of the urallo zated investment income in the Trust Fund, shall be transferred by IDA, as Ac min istrator, from the Trust Fund into the Debt Service Trust Fund for the Palestinian iAuth rity (TF No. 072025) (the "Debt Service Trust Fund"), to be administered by IDA, ir order to provide debt relief to the Palestinian Authority on credits financed by the Trust Fund for Gaza and West Bank ("TFGWB", established by Resolul ion No 93-11 and IDA No. 93-7 as amended) and administered by IDA. The Donor u ndersta ads that other donors are also expected to contribute to the Debt Service Trus: Fund. 4. From the date of effectiveness of this Agreement until February 29 2016, IDA, as Administrator of the Debt Service Trust Fund, shall use funds transferred to the Debt Service Trust Fund and any investment income earned on such contributions to repay any amounts due on any TFGWB credits outstanding as of the date of this Amendment in such manner as IDA may, in its discretion, determine. 5. Such transfer shall be made promptly following countersignature of this Agreement. 6. IDA will disclose this Agreement and related information on this Trust Fund in accordance with the World Baik Policy on Access to Information. By entering into this Agreement, the Donor consents to disclosure of this Agreement and related information on this Trust Fund. 7. Please confirm your agreement with the foregoing, on behalf of the Donor, by signing, dating, and returning to us the enclosed copy of this Agreement. Upon receipt by IDA of the copy of this Agreement countersigned by you, this Agreement will become effective as of the date of the countersignature. Sincerely, INTERNATIONAL DEVELOPMENT ASSOCIATION, AS ADMINISTRATOR OF THE DEBT RELIEF TRUST FUND Joaehim ;,onf Amn&4eg A-xrome.,-A *#'ifVice President Concessional Finance and Global Partnerships AGREED: THE MINISTRY OF FINANCE OF JAPAN Date: , Mr. Hideaki Suzuki Executive Director of the World Bank for Japan On behalf of the Ministry of Finance, Japan