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AMENDMENT No 1
to the Administration Agreement
between the European Commission on behalf of the European Union and the International
Bank for Reconstruction and Development concerning the Part II Europe 2020
Programmatic
Single-Donor Trust Fund (No. TF072839)
(EC Contract No SRSS/S2017/012)
1. The European Union, represented by the EUROPEAN COMMISSION (the 'Donor'), which is
represented for the purposes of signing this amendment by Mary McCarthy, Director,
European Commission, Structural Reform Support Service, of the one part, and
2. The INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
Avenue Marnix 17, 2nd Floor
1000 Brussels
Belgium
(the "Bank"), represented for the purposes of the signature of this amendment by Arup Banerji,
Regional Director European Union, on the other part,
Having regard to the above-mentioned Administration Agreement signed on May 8, 2017.
Whereas the Bank has requested the Donor to amend the above-mentioned Administration
Agreement for the following reason: to provide more time to allow for further consultation and
feedback from the Croat authorities and interested stakeholders, and in particular give the
government time to formally decide on the option for reform.
HAVE AGREED AS FOLLOWS:
Article 1
The Indicative Outputs and Timeline table under Component B, point B.2 of Annex 1 to the
Administration Agreement is replaced by the following table:
I


Indicative Outputs and Ti.meline
Indicative Timeline              2017                2018
Q1    Q2     Q3      Q4       Q1
A Methodology                 V /
Development
A. 1 Diagnostics            /      /
A.2 Data Collection                V
B. Analysis and
Recommendations
B.1. Analysis       _
B.2. Recommendations                                /
Article 2
Section 6.1 of Annex 2 to the Administration Agreement is replaced by the following:
'It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by
March 31, 2018 (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 Agreement(s) of the Donor. Following the End Disbursement Date, the
Bank shall return any remaining balance of the Trust Fund to the 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 the Donor, all calculated as Holding Currency amounts.'
Article 3
All the other provisions of the Administration Agreement shall remain unchanged.
Article 4
The present amendment shall form an integral part of the Administration Agreement. It shall
enter into force on the date on which it is signed by the last party.
SIGNATURES
Done in English in two originals, one original being for the European Commission and one being
for the Bank.
For the Bank,                             For the Donor,           Structural
R eforry  0
Arup Banerji                              Mary McCarthy            Support
Regional Director                         Director                 S
Ser-vic
European UniopX
Signature:                                  gnaur
Date:                 0 t-7              Date:  7,           -  c
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