Amendment No. 2 to the Administration Arrangement between the Netherlands, as represented by its Ministry of Infrastructure and Environment, and the International Bank for Reconstruction and Development regarding the CF Assist Trust Fund (TF072630, Successor of Trust Fund No. TF054846) 1. Reference is made to the Administration Arrangement between the Netherlands as represented by its Ministry of Infrastructure and Environment (the "MIE") and the International Bank for Reconstruction • and Development (the "Bank") regarding the CF Assist Trust Fund (TF072630, Successor of Trust Fund No. TF054846) (the "Trust Fund") effective as of August 30, 2016 as amended (the "Administration Arrangement"). 2. The Bank acknowledges that the Netherlands, as represented by its MIE, has decided to transfer all rights and obligations pertaining to the Netherlands, as represented by its MIE under the Administration Arrangement to the Netherlands, as represented by its Ministryof Economic Affairs and Climate Policy ("the MEACP"), and the Bank wishes to accept the Netherlands, as represented by its MEACP, as the new counterparty to the Administration Arrangement. Pursuant to the recent discussions, the "Bank", the Netherlands, as represented by its MIE and the Netherlands, as represented by its MEACP (the "Participants") mutually decide as follows: (a) The Netherlands, as represented by its MIE under the Administration Arrangement is hereby replaced with the Netherlands, as represented by its MEACP with effect from and including the Effective Date (as defined in paragraph 8), as if the Netherlands, as represented by its MEACP had originally been the party to the Administration Arrangement instead of Netherlands, as represented by its MIE; (b) On and after the Effective Date, the Netherlands, as represented by its MEACP is bound by all the provisions of the Administration Arrangement by which the Netherlands, as represented by its MIE would otherwise be bound, but for this Amendment; (c) As from the Effective Date, (i) the Netherlands, as represented by its MIE releases and discharges the Bank from all the Bank's obligations and liabilities to Netherlands, as represented by its MIE under or in connection with the Administration Arrangement; and (ii) all rights and obligations of the Netherlands, as represented by its MIE are transferred to the Netherlands, as represented by its MEACP (the "Donor"). (d) The office of the Donor responsible for coordination of all matters related to the Administration Arrangement as specified in Section 4 sháll be amended to read as follows: "For the Donor (the "Donor Contact"): Birgitta Westgren, Director Climate Policy, the Ministry of Economie Affairs and Climate Policy Telephone: +31 70 379 8953 ' Email: B.E.Westgren@minez.n1 3. The Bank acknowledges that the Donor has decided to provide the sum of five hundred thousand United States dollars (USD500,000) (the "Contribution") for the Trust Fund in accordance with the terms of the Administration Arrangement. -2- 4. The Donor will deposit the Contribution in the currency specified in paragraph 3 above into such bank account designated by the Bank promptly following countersignature of this amendment (the "Amendment") and submission of a payment request by the Bank. 5. When making a deposit, the Donor will 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. TF072630 (the CF Assist Trust Fund), and the date of the deposit (the "Deposit Instructions"). In addition, the Donor will 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. Further, the Participants mutually decided to amend the Administration Arrangement as follows: (a) The introductory paragraph of Annex 1 to the Administration Arrangement is deleted in its entirety and replaced with the following: "This Annex shall be applicable to and form an integral part of all administration agreements for the Trust Fund (collectively, the "Administration Agreements" and each an "Administration Agreement") between the Bank and any entities that provide any funds to the TrustFund (collectively, the "Donors")." (b) Section 2 of the Annex 1 to the Administration Arrangement is deleted in its entirety and replaced with the following: "2. Objectives and Activities Objective The objective of the Trust Fund is to nurture and support an enabling environment for stakeholders to participate in , international and regional coalitions for climate action for governments to meet the goals of the Paris Agreement through provision of capacity building, climate analytics and advisory services, knowledge dissemination and partnerships, and support for strengthening climate advocacy. Activities The Contribution will be used for the following activities: (a) build the capacity of National and Sub-national Entities working on the Clean Development Mechanism, New Market Mechanisms, Nationally Appropriate Mitigation Actions, including providing support for capacity development to review and approve carbon finance and climate finance projects, and building structures to support mobilizing, accessing and main streaming climate finance into development plans and maintain such capacity; (b) (i) identify, develop and enhance the implementation of portfolios of carbon finance projects, low carbon and climate finance initiatives or policies in developing countries, and (ii) build the capacity of project sponsors, financial intermediaries, government officials to initiate, develop, compare and register such projects, programs, activities or policies, and prepare them up to financial closure, including determining the relative value of low carbon projects, activities, programs and policies through assessment of their overall benefits, risks and contribution to the global greenhouse gas mitigation effort; -3- (c) provide support that will enable participating countries to identify and replicate successful carbon and climate finance projects, programs and policies including developments of baseline and monitoring activities across important sectors of the economy, use of innovative financial tools to improve project financing and design of green investments schemes for various asset classes; (d) ' convene informed dialogues on carbon pricing at the global, regional and country levels to increase political ambition and action and business support for carbon pricing and corporate pricing; (e) generate and broadly disseminate to selected developing countries and subnational stakeholders for climate finance and low emission development, innovative learning tools that combine state-of-the-art knowledge on climate finance and carbon finance, evolving policy instruments in support of lovv emission development, and case studies showcasing best practices; (f) convene knowledge sharing fora 'on emissions markets, carbon pricing and climate finance including Global Carbon Expo and regional fora in Latin America, Africa and Asia. Provide support to regional knowledge exchange activities related to low emissions development in collaboration with international development partners, United Nations (UN) Agencies and regional stakeholders; and (g) develop analytical work and case studies on such topics as carbon pricing systems, climate change mitigation programs, international carbon asset reserve, international settlement platform, cl imate transparency platform and greenhouse gas mitigation contribution composite index. (h) program management and administration activities for the Trust Fund, including but not limited to, supporting any program governance arrangements and Trust Fund related meetings; planning and executing work plans and budgets; managing communications and conducting outreach; disseminating lessons learned; reporting on progress; and monitoring and evaluating the program." (c) Paragraph 7 of Annex 2 to the Administration Arrangement is deleted in its entirety and replaced with the following: "7. Governance "The CF Assist Manager will be responsible for day-to-day management of CF Assist program and its delivery, overseeing the selection of countries, and ensuring effective communication with donors. In developing the annual work plan, the CF Assist Manager will consult with both the Steering Group of the Donor Committee (or full Donor Committee if no Steering Group is established)." (d) Paragraph 10(a) of Annex 2 to the Administration Arrangement is deleted in its entirety and replaced with the following: "(a) It is expected that the Contribution funds will be fully disbursed by the IBRD in accordance with the provision of this Agreement by June 30, 2029. The IBRD shall only disburse Contribution funds for the purpose of this Agreement after such date with written approval of the Donors." 7. All other terms of the Administration Arrangement will remain the same. 8. Each of the Participants represents, by confirming its acceptance below, that it is authorized to enter into this Amendment and act in accordance with its provisions. The Participants are each requested to sign and date this Amendment. Paragraph 6 of this Amendment shall become effective upon possession by the -4- Bank of this fully signed Amendment and respective amendments signed by all other donors to the Trust Fund as of the date of the last signature (the "Paragraph 6 Effective Date"). All other paragraphs of this Amendment shall become effective upon possession by the Bank of this fully signed Amendment as of the date of the last signature by the Participants ("the Effective Date"). INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT By: John Roome Snr Di rector cl imate Change 22-Nov-2018 Date: THE NETHERLANDS THE MINISTRY OF ECONOMIC AFFAIRS AND CLIMATE POLICY j t ka— ((k-.i eer Co aorru- fk40..ir • arao-kc PoLaf ;(k_ acc 0( aDAJ t,L.) +_ J( trl. nrLir-\j5 sQ Oad uJatQl (rtaren,e_itt- By: Date: 23/1\ /wij' THE MINISTRY OF INFRASTRUCTURE AND WATER MANAGMEN, formerly known as the Ministry of Infrastructure and Environment By: Date: "The original is a PDF file with no Text. We were not able to OCR and extract the Text. Error:PDF01"