THE WORLD BANK OFFICIAL IBRD *IDA I WORLDB&KC3MP DOCUMENTS November 28, 2019 H.E. Mr. Valentin B. Tataritsky Chairman State Committee for Standardization Starovilenski trakt 93 Minsk 220053 Republic of Belarus Re: GEF Grant No. TFOB1269 (Sustainable Energy Scale-Up Project) Additional Instructions: Disbursement and Financial Information Letter Dear Mr. Tataritsky: I refer to the Grant Agreement ("Agreement") between the International Bank for Reconstruction and Development ("World Bank"), acting as an implementing agency of the Global Environmental Facility, and Republic of Belarus (the "Recipient") for the above-referenced project, dated November 28, 2019. The Standard Conditions, as defined in the Grant Agreement, provide that the World Bank may issue additional instructions regarding the withdrawal of the proceeds of Grant TFOB1269 ("Grant"), and may set out Project specific financial reporting requirements. This letter ("Disbursement and Financial Information Letter"), as revised from time to time, constitutes such additional instructions. I. Disbursement Arrangements and Withdrawal of Grant Funds The World Bank Disbursement Guidelines for Projects, dated February 1, 2017, ("Disbursement Guidelines") are available in the World Bank's public website at https://www.worldbank.org, and are an integral part of the Disbursement and Financial Information Letter. The manner in which the provisions in the Disbursement Guidelines apply to the Grant 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 The table in Schedule 1 provides the disbursement methods which may be used by the Recipient, information on registration of authorized signatures, processing of withdrawal applications (including minimum value of applications and advances), instructions on supporting documentation, and frequency of reporting on the Designated Account. (ii) Withdrawal of Grant Funds (Electronic Delivery) Section 7.01 (c) of the Standard Conditions. The Recipient will deliver Withdrawal Applications (with supporting documents) electronically through the Bank's web-based portal "Client Connection" at https://clientconnection.worldbank.org. This option will be effected after the officials designated in writing by the Recipient who are authorized to sign and deliver Withdrawal Applications have registered as users of "Client Connection". The designated officials will deliver Applications electronically by completing the Form 2380, which is accessible through THE WORLD BANK IBRD * IDA I WORLD BANKGROUP "Client Connection". By signing the Authorized Signatory Letter, the Recipient confirms that it is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to the Bank by electronic means. The Recipient may exercise the option of preparing and delivering Withdrawal Applications in paper form on exceptional cases (including those where the Recipient encounters legal limitations), and which were previously agreed with the Bank. By designating officials to use SIDC and by choosing to deliver the Applications electronically, the Recipient confirms through the 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, available in the World Bank's public website at https://worldbank.org and "Client Connection"; and (b) to cause such official to abide by those terms and conditions. II. Financial Reports and Audits Section 2.07 (a) and (b) of the Standard Conditions. (i) Financial Reports. The Recipient must prepare and furnish to the Bank not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports ("IFR") for the Project covering the quarter. (ii) Audits. Each audit of the Financial Statements must cover the period of one fiscal year of the Recipient. The audited Financial Statements for each such period must be (a) furnished to the Bank not later than six (6) months after the end of such period; and (b) made publicly available in a timely fashion and in a manner acceptable to the Bank. III. Other Important Information For additional information on disbursement arrangements, please refer to the Loan Handbook available on the World Bank's website (http://www.worldbank.org) and "Client Connection". The World Bank recommends that you register as a user of "Client Connection". From this website you will be able to prepare and deliver Applications, monitor the near real-time status of the Grant, and retrieve related policy, financial, and procurement information. For more information about the website and registration arrangements, or if you have any queries in relation to the above, please contact the World Bank by email at AskLoansAWorldBank.org using the ve reference. Y urs cerely, Atexander Kremer Country Manager for Belarus Europe and Central Asia Region Attachments 1. Form of Authorized Signatory Letter 2. Form of Interim unaudited Financial Report (IFR) THE WORLD BANK IBRD* IDA I WORLDBANKGROUP Cc with copies: Ministry of Finance Sovetskaya Str. 7 Minsk, Republic of Belarus minfin@minfin.gov.by Energy Efficiency Department, State Committee for Standardization Svobody Square 17 Minsk, Republic of Belarus energoeffect@gosstandart.gov.by THE WORLD BANK IBRD*IDA I WORLDBANKGROUP Schedule 1 - Disbursement Provisions Country Republic of Belarus Closing Date Section III B.2 of Schedule 2 to Grant Recipient Republic of Belarus the Grant Agreement Number TFOB1269 Name of the Project Sustainable Energy Scale-Up Project Disbursement Four (4) months after the closing Deadline Date date Subsection 3.7 Disbursement Methods Methods Available Supporting Documentation Section 2 Subsections 4.3 and 4.4 Direct Payment Yes Copy of Records Reimbursement Yes Interim unaudited Financial Report Advance (into a Designated Yes Interim unaudited Financial Report Account) Special Commitments Yes Copy of Letter of Credit Type Segregated Ceiling Variable . . ELIVESTANKJSCUSD Financial Institution - Name BELINVESTBANK JSC Currency Frequency of Reporting, Same as IFRs: Quarterly Based on cash forecast projection for two Subsection 6.3 quarters, as detailed in IUFR The Minimum Value of Applications for Direct Payment, Reimbursement and SpeciAl Commitment is USD 50 000 equivalent. The World Bank Radnicka cesta 80/IX 10000 Zagreb, Croatia Attention: Loan Department Notice that all information will be sent to the some address, and to the regional TL. None None Sections and subsections indicated relate to the Disbursement Guidelines for Investment Project Financing dated February 2017. THE WORLD BANK IBRD * IDA I WORLD BANKGROUP Attachment 1 Form of Authorized Signatory Letter [Letterhead] Council of Ministers [Street address] [City] [Country] [DATE] The World Bank 1818 H Street, N.W. Washington, D.C. 20433 United States of America Attention: [Country Director] Dear [Country Director]: Re: Grant No. TFOB1269 (Sustainable Energy Scale-Up Project) I refer to the Grant Agreement ("Agreement") between the International Development Association ("World Bank"), acting as an implementing agency of the Global Environmental Facility, and Republic of Belarus (the "Recipient"), dated November 28, 2019, providing the above Grant. For the purposes of Section 3.04 (b) of the Standard Conditions, as defined in the Agreement, any [lone] of the persons whose authenticated specimen signatures appear below is authorized on behalf of the Recipient to sign applications for withdrawal [and applications for a special commitment] under this Grant. For the purpose of delivering Applications to the [World Bank] [Association], 2[each] of the persons whose authenticated specimen signatures appears below is authorized on behalf of the Recipient, acting 3[individually] 4[jointly], to deliver Applications, and evidence in support thereof on the terms and conditions specified by the [World Bank] [Association]. 5[This confirms that the Recipient is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to ' Instruction to the Recipient when sending this letter to the World Bank: Stipulate if more than one person needs to sign Applications, and how many or which positions, and if any thresholds apply. Please delete this footnote in final letter that is sent to the World Bank/Association. 2 Instruction to the Recipient: Stipulate if more than one person needs to jointly sign Applications, if so, please indicate the actual number. Please delete this footnote in final letter that is sent to the World Bank/Association. 3 Instruction to the Recipient: Use this bracket if any one of the authorized persons may sign; if this is not applicable, please delete. Please delete this footnote in final letter that is sent to the World Bank/Association. 4 Instruction to the Recipient: Use this bracket only if several individuals must jointly sign each Application; if this is not applicable, please delete. Please delete this footnote in final letter that is sent to the World Bank/Association. THE WORLD BANK IBRD * IDA I WORLD BANKOROUP the [World Bank] [Association] by electronic means. In full recognition that the [World Bank] [Association] shall rely upon such representations and warranties, including without limitation, the representations and warranties contained in 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 SIDC"), the Recipient represents and warrants to the [World Bank] [Association] that it will cause such persons to abide by those terms and conditions.] This Authorization replaces and supersedes any Authorization currently in the [World Bank] [Association] records with respect to this Agreement. [Name], [position] Specimen Signature: [Name], [position] Specimen Signature: [Name], [position] Specimen Signature: Yours truly, / signed / [Position] 5 Instruction to the Recipient: Add this paragraph if the Recipient wishes to authorize the listed persons to accept Secure Identification Credentials and to deliver Applications by electronic means; if this is not applicable, please delete the paragraph. Please delete this footnote in final letter that is sent to the World Bank/Association. THE WORLD BANK IBRD * IDA I WORLD BANKGROUP [Attachment 2 - Interim unaudited Financial Statements] PROJECT NAME Sources and Uses of Funds for the Period from XXX to XXX In USD Reporting Period (0) Cumulative Next period (1) Next Period (2) ACTUAL ACTUAL PROJECTIONS PROJECTIONS Period Period Period Period Opening Cash Balances Designated Account (USD) 0.00 0.00 Transit Account (BYN) 0.00 0.00 Total opening cashbalances 0.00 0.00 Sources of funds GEF 0.00 0.00 0.00 0.00 Total sources of funds 0.00 0.00 0.00 0.00 Less: Uses of funds by PART 1 Categoryl 0.00 0.00 0.00 0.00 Category2 0.00 0.00 0.00 0.00 Category3 0.00 0.00 0.00 0.00 PART 2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total uses of funds 0.00 0.00 0.00 0.00 Closing Cash Balances Designated Account (USD) 0.00 0.00 Transit Account (BYN) 0.00 0.00 Total closing Cash Balances 0.00 0.00 Total closing Cash Balances 0.00 0.00 Check (should be zero) 0.00 0.00 THE WORLD BANK IBRD * IDA I WORLD BANKGROUP PROJECT NAME Detailed Uses of Funds for the Period from XXX to XXX in USD ACTUAL ACTUAL PROJECTIONS PROJECTIONS Status Reporting period (0) Cumulative Next Period (1) Next Peirod (2) Period Period Period Period PART 1 Category 1 0.00 0.00 0.00 0.00 Activity 1 0.00 0.00 0.00 0.00 Activity 2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL PART 1 0.00 0.00 0.00 0.00 Including payments from DA 0.00 0.00 0.00 0.00 Incuding payments from TA 0.00 0.00 0.00 0.00 Including Direct Payments 0.00 0.00 0.00 0.00 Including LC 0.00 0.00 0.00 0.00 Total Project Expenditure 0.00 0.00 0.00 0.00 THE WORLD BANK I BRDIDA I WORLDBANKGROUP PROJECT NAME Detailed Account Statements for the Period from XXX to XXX in USD Reporting Period Cumulative Period Period Designated account in XXX (USD) DA Opening balance 0.00 0.00 Plus: GEF advance during the period 0.00 0.00 Less a total of the following: 0.00 0.00 - credited to TA 0.00 0.00 - eligible expenditures from DA 0.00 0.00 DA closing balance (calculated) 0.00 0.00 DA balance (per Bank statement) 0.00 0.00 Check (should be zero) 0.00 0.00 Transit account in XXX (BYN) TA Opening balance 0.00 0.00 Plus: credited from DA to TA 0.00 0.00 Less: Eligible expenditures from TA 0.00 0.00 TA Closing Balance (Calculated) 0.00 0.00 TA Closing Balance (Actual) 0.00 0.00 Check (should be zero) 0.00 0.00