THE WORLD BANK OFFICIAL IBRD * IDA I WORLDBANKGROUP DOCUMENTS November 28, 2019 H.E. Mr. Valentin B. Tataritsky Chairman State Committee for Standardization Starovilenski trakt 93 Minsk 220053 Republic of Belarus Re: IBRD Loan No. 9014-BY Sustainable Energy Scale-Up Project Additional Instructions: Disbursement and Financial Information Letter (DFIL) Dear Mr. Tataritsky: I refer to the Loan Agreement ("Agreement") between International Bank for Reconstruction and Development ("World Bank"), and Republic of Belarus ("Borrower") for the above-referenced project, dated November 28, 2019. The General Conditions, as defined in the Loan Agreement, provide that the Borrower may from time to time request withdrawals of Loan Amounts from the Loan Account in accordance with the Disbursement and Financial Information Letter, and such additional instructions as the Bank may specify from time to time by notice to the Borrower. The General Conditions also provide that the Disbursement and Financial Information Letter may specify Project specific financial reporting requirements. I. Disbursement Arrangements, Withdrawal and Reporting of Loan Proceeds The Disbursement Guidelines for Investment Project Financing, dated February 2017, ("Disbursement Guidelines") are available in the Bank's public website at https://www.worldbank.org and its secure website "Client Connection" at https://clientconnection.worldbank.org. The Disbursement Guidelines are an integral part of this DFIL, and the manner in which the provisions in the Disbursement Guidelines apply to the Loan is specified below. (i) Disbursement Arrangements * Instructions (Schedule 1). The table provides the disbursement methods which may be used by the Borrower, information on registration of authorized signatures, processing of withdrawal applications (including minimum value of applications and processing of advances), instructions on supporting documentation, and frequency of reporting on the Designated Account. * Disbursement Deadline Date, DDD (subsection 3.7). The DDD is four (4) months after the Closing Date. Any changes to this date will be notified by the Bank. (ii) Electronic Delivery. Refer to section 10.01 (c) of the General Conditions. The Bank may permit the Borrower to electronically deliver applications (with supporting documents) through the Bank's web-based portal (https://clientconnection.worldbank.org) "Client Connection". This option may be effected if the officials designated in writing by the Borrower who are authorized to sign and THE WORLD BANK IBRD *IDA I WORLD BANKGROUP deliver Applications have registered as users of "Client Connection". The designated officials may deliver Applications electronically by completing the Form 2380, which is accessible through "Client Connection". By signing the Authorized Signatory Letter, the Borrower 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 Bank reserves the right and may, in its sole discretion, temporarily or permanently disallow the electronic delivery of Applications by the Borrower. By designating officials to use SIDC and by choosing to deliver the Applications electronically, the Borrower 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 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 (i) Financial Reports. The Borrower shall 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. The Borrower shall have the Project's Financial Statements audited in accordance with the provisions of Section 5.09(b) of the General Conditions. Each audit shall cover the period of one fiscal year of the Borrower. For each such period, the audited Financial Statements for the Project shall 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 Information For additional information on disbursement arrangements, please refer to the Loan Handbook available on the Bank's website (http://www.worldbank.org/) and "Client Connection". The 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 Loan, and retrieve related policy, financial, and procurement information. If you have any queries in relation to the above, please contact us through the World Bank's service account AskLoanskworldbank.org, using the above reference. Yo ssincerely, Alexander Kremer Country Manager for Belarus Europe and Central Asia Region Attachments 1. Form of Authorized Signatory Letter 2. Interim unaudited Financial Report (IFR) THE WORLD BANK IBRD * IDA I WORLD BANKGROUP 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 Schedule 1 Disbursement Arrangements Country Republic of Belarus Loan Number IBRD 9014-BY Borrower Republic of Belarus Name of the Project Sustainable Energy Scale-Up Project 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 Designated Account: Yes Interim unaudited Financial Report Special Commitments YesCopy of Letter of Credit Pooled jointly with EIB under conditions agreed for joint co- Variable financing agreement Financial Institution - Name BELINVESTBANK JSC Currency FUR Frequency of Reporting, Same as IFRs: Quarterly Based on cash forecast projection for two Subsection 6.3 Amount quarters, as detailed in the joint World Bank and EIB IUFR The Minimum Value of Applications for- Direct Payment, ReimbUrsemnent and Special Commitment is FUR 200,000 equvalent. The World Bank Radnicka cesta 80/IX 10000 Zagreb, Croatia Attention: Loan Department Notice that all information will be sent to the same address, and to the regional TL. None Sections and subsections indicated relate to the Disbursement Guidelines for Investment Project Financing dated February 2017. [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 Re: Loan No. 9014-BY (Sustainable Energy Scale-Up Project) I refer to the Loan Agreement ("Agreement") between International Bank for Reconstruction and Development (the "Bank") and Republic of Belarus (the "Borrower"), dated November 28, 2019 providing the above Loan. For the purposes of Section 2.02 of the General Conditions as defined in the Agreement, any [one] of the persons whose authenticated specimen signatures appear below is authorized on behalf of the Borrower to sign applications for withdrawal and applications for a special commitment under this Loan. For the purpose of delivering Applications to the Bank, including by electronic means, 2[each] of the persons whose authenticated specimen signatures appears below is authorized on behalf of the Borrower, acting 3[individually] 4[jointly], to deliver Applications, and evidence in support thereof on the terms and conditions specified by the Bank. This confirms that the Borrower is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to the Bank by electronic means. In full recognition that the Bank 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 I Instruction to the Borrower: 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 Bank. 2 Instruction to the Borrower: 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 Bank. Instruction to the Borrower: 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 Bank. 4 Instruction to the Borrower: 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 Bank. of Use of SIDC"), the Borrower represents and warrants to the Bank that it will cause such persons to abide by those terms and conditions. This Authorization replaces and supersedes any Authorization currently in the Bank records with respect to this Agreement. [Name], [position] Specimen Signature: [Name], [position] Specimen Signature: [Name], [position] Specimen Signature: Yours truly, / signed / [Position] [Attachment 2 - Interim unaudited Financial Reports] PROJECT NAME Sources and Uses of Funds for the Period from XXX to XXX In EUR Reporting Period (0) Cumulative Next period (1) Next Period (2) ACTUAL ACTUAL PROJECTIONS PROJECTIONS Period Period Period Period Opening Cash Balances Designated Account (EUR) 0.00 0.00 Transit Account (BYN) 0.00 0.00 Total opening cashbalances 0.00 0.00 Sources of funds IBRD 0.00 0.00 0.00 0.00 ElB 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 (EUR) 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 PROJECT NAME Detailed Uses of Funds for the Period from XXX to XXX in EUR 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 0.00 000 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 PROJECT NAME Detailed Account Statements for the Period from XXX to XXX in EUR Period EUR Cumulative EUR Period Period Designated account in XXX (EUR) DA Opening balance 0.00 0.00 Plus: IBRD advance during the period 0.00 0.00 Plus: EIB 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