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November 8, 2012
Hoi. Don Pomb Polye, MP
V nister for Treasury
D cpartment of Treasury
Vi upindi Haus, 4th Floor
PC Box 542
WAsigani, 131 NCD
Pacua New Guinea
H itorable Minister:
Re: PNG Small an I Medium Enterprise Access to Finance Project
1)1 Credit No. 4928-PG (P12070 7)
Nolification ofAdministrative Oversight
We refer to the Financing Agreement ("the Agreement") dated June 14, 2011, for the
atove-mentioned Pr.ject between the Independent State of Papua New Guinea ("the
Ru.-ipient") and the International DeNelopment Association ("the Association").
We wish to notify you that due to an administrative oversight within the Agreement,
th,r is a typographical error in he table on Paragraph A.2 of Section IV of Schedule 2 of the
Agreement. The percentage of expenditures to be financed in Category 3 should read as
"100% of amounts di;bursed" as shown in the table below:
Category         Amount of the Credit     Percentage of
Allocated (expressed in  Expenditures to
SDR)              be Financed
(inclusive of
taxes)
(3) Performance              970,000          100% of amounts
Based Grants to PFIs                         disbursed
At this point, we would like to clarify that notwithstanding the above change, the
ag .ed cost sharing arrangement between the Department of Commerce, Trade and Industry
and the Participating Financial Inte-mediaries (PFIs) under the Performance-Based Grant
Agreements shall remain to be inipleriented.


in. Mr. Don Pomb Polye                2                      November 8, 2012
Please confirm the Recipiert's agreement to the foregoing by having an authorized
official of the Recipient sign znd date this Letter of Amendment, and return a copy of the
cuntersigned Letter to the Association.
Sincerely yours,
Ulrich Zachau
Acting Country Director
Timor-Leste Papua New Guinea and the Pacific Islands
Easi. Asia and Pacific Region
A(3REED
INDEPENDENT STATE 0 -        UA N W GUINEA
A Lii horized Represent ve
Ne ine
Da te


-Dn. Mr. Don Pomb Polye               3                       November 8, 2012
c::
1-n. Charles Abel, Minister for National Planning
F n. Richard Maru, Minister f(r Commerce and Industry
Nir. Peter Kora, Secretary for National Planning & Monitoring
Mt. Simon Tosali, Secretary, D-partment of Treasury
ri. Stephen Gibson, Secretary, Department of Finance
Mi. Reichert Thanda, First Ass stant Secretary for Foreign Aid Coordination & Multilateral
Relations, Departnent of Nat onal Planning & Monitoring
'i. Koney Samuel, Assistant S ecrelary for Multilateral Branch, Department of National
Planning and Monitoring
Ii. Martin Pomat, Senior Aid Coordinator World Bank Desk in Multilateral Branch,
Department of Naiional Plant ing & Monitoring
P, i. John Uware, First Assistan Secretary for Financial Management Division, Department of
Treasury
i. Jeffrey Walua, Assistant Sccretary for Accounts and Settlement Branch, Department of
Treasury
Ii. Damien Horiambe, Assistant Sccretary for Loans Execution Division, Department of
. reasury