OFFICIAL DOCUMENTS THE WORLD BANK IBRD* IDA I WoIRDBAioouP 1J~ /2 , 2018 H.E. Dr. Aun Pornmoniroth Senior Minister Minister of Economy and Finance Ministry of Economy and Finance Phnom Penh, Cambodia Re: IDA Original Credit Number 5789-I and Additional Credit Number 6279-KI (Road Asset Management Project II) Additional Instructions: Disbursement and Financial Information Letter ("DFIL") Excellency: I refer to the Financing Agreement between the Kingdom of Cambodia (the "Recipient") and the International Development Association (the "Association") for the above-referenced Project, dated Ju 12000 The General Conditions, as defined in the Financing Agreement, provide that the Recipient may from time to time request withdrawals of Financing Amounts from the Financing Account in accordance with the Disbursement and Financial Information Letter, and such additional instructions as the Association may specify from time to time by notice to the Recipient. The General Conditions also provide that the Disbursement and Financial Information Letter may specify Project specific financial reporting requirements. This letter ("Disbursement and Financial Information Letter" or "DFIL"), as revised from time to time, constitutes such additional instructions and supersedes the Disbursement Letter for the Credit Number 5789-KH issued on June 9, 2016. I. Disbursement Arrangements, Withdrawal of Financing funds and Reporting of uses of Financing Funds The Disbursement Guidelines for Investment Project Financing, dated February 2017, ("Disbursement Guidelines") are available in the World 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 the DFIL, and the manner in which the provisions in the Disbursement Guidelines apply to the Financing is specified below. (i) Disbursement Arrangements * Provisions (Schedule 1). The table in Schedule 1 sets out the disbursement methods which may be used by the Recipient, and conditions, information on registration of authorized signature', 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. (ii) Electronic Delivery. Refer to section 11.01 (c) of the General Conditions. THE WORLD BANK IBRD* IDA I WORLDBANKGROUP The Association may permit the Recipient to electronically deliver applications (with supporting documents) through the Association's web-based portal (https://clientconnection.worldbank.org) "Client Connection". This option may be effected if the officials designated in writing by the Recipient who are authorized to sign and 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 Recipient confirms that it is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to the Association by electronic means. 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. 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 Associations 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 Recipient must prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar semester, interim unaudited financial reports ("IFR") for the Project covering the semester. (ii) Audits. Each audit of the Financial Statements must cover the period of one fiscal year of the Recipient, commencing with the fiscal year in which the first withdrawal was made. The audited Financial Statements for each such period must be furnished to the Association not later than six (6) months after the end of such period. III. Other Information For additional information on disbursement arrangements, please refer to the Loan Handbook available on the Association's website (http://www.worldbank.org/) and "Client Connection". The Association 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 Financing, and retrieve related policy, financial, and procurement information. For more information about the website and registration arrangements, please contact the Association by email at clientconnection(74worldbank.org. THE WORLD BANK IBRD *IDA I WORLD BANKOROUP If you have any queries in relation to the above, please contact Carmenchu Austriaco, Senior Finance Officer at caustriaco()worldbank.org, with copy to Daisy Zita, Finance Analyst at dzita0Aworldbank.org using the above reference. Yours sincerely, (4 Authori d Repr sentative INTERNATIONAL D VELO ENT ASSOCIATION Attachments 1. Form of Authorized Signatory Letter 2. Statement of Expenditure (SOE) With copies: Ministry of Economy and Finance Street 92 Sangkat Wat Phnom, Khan Daun Penh Phnom Penh Kingdom of Cambodia Facsimile: (855) 23725341 (855) 23427798 Email: thirong_pen@mef.gov.kh Schedule 1: Disbursement Provisions Country Kingdom of Cambodia Closing Date Section IlIl.B.2 of Schedule 2 to Financing Recipient Kingdom of Cambodia the Financing Agreement. Number Name of the Project Road Asset Management Project II Disbursement Four months after the closing Additional Financing Deadline Date date. Subsection 3.7 ** Disbursement Methods Methods Supporting Documentation Section 2 (**) Subsections 4.3 and 4.4 (**) Direct Payment Yes Copy of records Reimbursement Yes Statement of Expenditure (SOE) in the format provided in Attachment 2 of the DFIL Designated Account Yes Statement of Expenditure (SOE) in the format provided in Attachment 2 of the DFIL Special Commitments Yes Copy of Letter of Credit Type Pooled. The same account used under the OF IDA 5789 Ceiling Fixed Financial Institution - Name National Bank of Cambodia Currency USD Frequency of Reporting Quarterly Amount USD1,500,000 combined ceiling under OF Subsection 6.3 (**) A IDA 5789 and AF IDA The minimum value of applications for Reimbursement, Direct Payment and Special Commitment is USD300,000 equivalent. Authorized Signatures Letter Withdrawal and Documentation Applications The World Bank The World Bank 10th Floor, Exchange Square Building 26/F, One Global Place No. 19-20, Street 106, Sangkat Wat Phnom, Khan Daun Penh, 5th Ave. corner 25th Street Phnom Penh, Bonifacio Global City Cambodia Taguig City, Philippines Attention: Loan Department Attn: Inguna Dobraja, Country Manager 1. The combined DA ceiling of USD1,500,000 includes a) individual ceiling of USD800,000 under IDA 5789-KH and b) individual ceiling of USD700,000 under AF IDA 6279-KH. The combined ceiling may be increased to USD2,000,000 upon review and approval by the Bank and confirmed by Notice to the Recipient. 2. IDA financing percentage for Category 1 under Additional Financing will be for expenditures incurred before June 1, 2026 3. This DFIL may be subject to revision or a supplemental letter will be issued if disbursement under Part C of the Project is triggered ** Sections and subsections relate to the "Disbursement Guidelines for Investment Project Financing, dated February 2017" Attachment 1 - Form of Authorized Signatory Letter [Letterhead] Ministry of Economy and Finance [Street address] Cambodia ,2018 The World Bank No. 57, Pyay Road, 6 V Mile, H1aing Township, Yangon, Myanmar Attention: Ms. Ellen Goldstein, Country Director Re: IDA Credit Nos. 5789-KH/ 6279-KH (Road Asset Management Project II) I refer to the Financing Agreement ("Agreement") between the International Development Association (the "Association") and the Kingdom of Cambodia (the "Recipient"), dated , providing the above Financing. For the purposes of Section 2.03 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 Recipient to sign applications for withdrawal [and applications for a special commitment] under this Financing. For the purpose of delivering Applications to the Association, including by electronic means, 2[eachl 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 Association. This Authorization replaces and supersedes any Authorization currently in the Association records with respect to this Agreement. I Instruction to the Recipient: 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 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 Association. 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 Association. ' 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 Association. [Name], [position] Specimen Signature: [Name], [position] Specimen Signature: [Name], [position] Specimen Signature: Yours truly, / signed / [Position] Attachment 2 - Statement of Expenditures (SOE) page~ of _ STATEMENT OF EXPENDITURES Finsanicier Loan/Credit/Grant# Application # PAYMENTS MADE DURING THE REPORTING PERIOD FROM -TO Category # Page # The following expenditures have been incurred during the retroactive financing period (please tick) Yes NO The following expenditures have been incurred during the closing date of the loan/credit/grant (please tick) Yes No OLYfornDea Account 2 3 4 5 6 7 9 9 10 11 12 13 14 Contract # Total amount Amount Prior Review (Client Contract of invoice e Eligible daof Withdrawn Item Brief Description of the C t) Connection # currency and Invoice Date of covered by Amount Exchange foth frm the N. Supplier's Name Contract by the n fr Dsg No. expenditure (f or NO) or Prior amount (original number payment Application By th (Col 9 x Rate form the Dssinated Review +amendment) (net of 10) Account (Col contracts retention) Account 11/12) Total __XK Supporting documents for this SOE are retained at (insert location)