Amendment No. 1 to the Administration Agreement between Ministry for Foreign Affairs of Finland
 and the International Bank for Reconstruction and Development and the International Development
                Association regarding the Global Gas Flaring Reduction Partnership
                               Multi-Donor Trust Fund (No. 072527)

1.       Reference is made to the Administration Agreement between Ministry for Foreign Affairs of
Finland (the “Donor”) and the International Bank for Reconstruction and Development and the
International Development Association (collectively, the “Bank” and together with the Donor, the “Parties”
and each a “Party”) regarding the Global Gas Flaring Reduction Partnership (“GGFR”) Multi-Donor Trust
Fund No. 072527 (the “Trust Fund”) effective as of December 10, 2018 (the “Administration Agreement”).

2.      The Bank acknowledges that the Donor agrees, subject to legislative appropriations, to provide the
sum of six hundred thousand Euros (EUR 600,000) (the “Contribution”) for the Trust Fund in accordance
with the terms of the Administration Agreement.

3.      The Donor shall deposit the Contribution in accordance with the following schedule and in the
currency specified in paragraph 2 above into such bank account designated by the Bank (each amount
deposited referred to as an “Installment”) upon submission of a payment request by the Bank:

(A)     Promptly following countersignature – two hundred thousand Euros (EUR 200,000)
(B)     By September 30, 2020 – two hundred thousand Euros (EUR 200,000)
(C)     By September 30, 2021 – two hundred thousand Euros (EUR 200,000)

4.      The Contribution is being provided in Installments on the basis of financial needs of the Trust Fund.
If the Bank determines, on the basis of the speed of the implementation of the activities and availability of
funds in the Trust Fund, that it is necessary to either bring Installments forward or delay them, the Bank
and the Donor will discuss and agree to revise the Installment schedule, as confirmed by the Bank to the
Donor in writing.

5.      When making a deposit, the Donor shall instruct its bank to include in its deposit details information
(remittance advice) field of its SWIFT deposit message, information indicating: the amount deposited, that
the deposit is made by the Donor for Trust Fund No. 072527 (the Global Gas Flaring Reduction Partnership
(“GGFR”) Multi-Donor Trust Fund), and the date of the deposit (the “Deposit Instructions”). In addition,
the Donor shall provide a copy of the Deposit Instructions to the Bank’s Accounting Trust Funds Division
by e-mail sent to tfremitadvice@worldbank.org or by fax sent to (202) 614-1315.

6.      In addition, the Parties agree to amend the Administration Agreement as follows:

         (a)     Paragraph 5.1 of Annex 2 shall be deleted and replaced with the following:
                 “5.1    It is expected that the funds deposited in the Trust Fund will be fully disbursed by
the Bank by December 31, 2022 (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
Donors) after such date to the extent such date is changed in accordance with amendments made to the
Administration Agreements of all the Donors. Following the End Disbursement Date, the Bank shall return
any remaining balance of the Trust Fund to each 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 all Donors, all calculated
as Holding Currency amounts.”
        (b)      The Bank Contact in paragraph 5 shall be deleted and replaced with the following:

        “For the Bank (the “Bank Contact”):

        Zubin Bamji
        Program Manager, GGFR
        Energy & Extractives Global Practice
        The World Bank
        1818 H Street NW, Washington, DC 20433
        United States of America
        Tel: +1 202 458 0431
        E-mail: zbamji@worldbank.org”

7.      All other terms of the Administration Agreement shall remain the same.

8.       Each of the Parties represents, by confirming its agreement below, that it is authorized to enter into
this Amendment and act in accordance with these terms and conditions. The Parties are requested to sign
and date this Amendment, and upon possession by the Bank of this fully signed Amendment, and respective
amendments signed by all other donors to the Trust Fund, this Amendment shall become effective as of the
date of the last signature.

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
INTERNATIONAL DEVELOPMENT ASSOCIATION


By:     _______________________________/s1/
        Riccardo Puliti /n1/
        Acting Vice President, GGIVP
/t1/

Date:       09-Aug-2019
        _______________________________/d1/


MINISTRY FOR FOREIGN AFFAIRS OF FINLAND


By:     _______________________________/s2/
        Maimo Henriksson /n2/
        Director General
        Department for Russia, Eastern Europe and Central Asia/t2/

          13-Aug-2019
Date:   _____________________________/d2/




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