THE WORLD BANK IBRD* IDA I wmagemgum 23 OE, 2019 H.E. Bedri Hamza Minister of Finance Ministry of Finance New Government Building '"'ICIAL Mother Teresa Street 10000 Pristina Republic of Kosovo DOCUMENTS Re: IDA Credit 6416-XK (Financial Sector Strengthening Project) Additional Instruction : Disbursement and Financial Information Letter (DFIL) Excellency: I refer to the Financing Agreement between the Republic of Kosovo (the "Recipient") and the International Development Association (the "Association") for the above-referenced Project. The General Conditions, as defined in the Fin ncing Agreement, provide that the Recipient may from time to time request withdrawals of Credit am unts from the Credit Account in accordance with the Disbursement and Financial Information Letter, and iuch 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 set out Pro ect specific financial reporting requirements. This letter constitutes such Disbursement and Financial Infornation Letter ("DFIL") and may be revised from time to time. I. Disbursement Arrangements, ithdrawal of Credit Funds, and Reporting on Uses of Credit Funds The Disbursement Guidelines for Investment Project Financing, dated February 2017, ("Disbursement Guidelines") are available in the Association's public website at https://www.worldbank.org and its secure website "Client Connection" at https://clientconnection.worldbanl<.org. The Disbursement Guidelines are an integral part of the DFIL, and the manner in which the provisions in the guidelines apply to the Credit is specified below. (i) Disbursement Arrangements General Provisions (Schedule 1). The table in Schedule 1 sets out the disbursement methods which may be used by the Recipient, 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. (ii) Electronic Delivery. Section 1.01 (c) of the General Conditions: The Recipient will electronically deliver applications (with supporting documents) through the Association's web-based portal (htps://clientconnection.worldbank.org) "Client Connection". This facility will become available once: (a) the Recipient has designated in writing, its officials who are authorized to sign and deliver Applications and to receive Secure Identification Credentials ("SIDC") from the Association for the purpose of delivering such Applications by electronic means; and (b) all such officials designated by the Recipient have registered as users of "Client Connection". The designated officials will deliver Applications electronically by completing the Form 2380, which is accessible through "Client 1 THE WORLD BANK IBRD * IDA I wommammemmp 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 exercise the option of preparing and delivering Applications in paper form on an exceptional basis (including when encountering legislative limitations), and when pre-agreed ith the Association. 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 Association'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) FinancialReports. The Recipiept, through the Ministry of Finance, shall cause the Project Implementing Entity (KCGF) to prepare and furrish 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, in form and substance satisfactory to the Association. (ii) Entity Audits. The Recipient, through the Ministry of Finance, shall cause the Project Implementing Entity (KCGF) to have its financial statements periodically audited by independent auditors acceptable to the Association, in accordance with consistently applied auditing standards acceptable to the Association. Each audit of the Entity Financial Statements shall cover the period of one fiscal year of the Entity. The audited Entity Financial Statements for each such period shall be (a) fumished to the Association not later than six (6) months after the end o such period, and (b) made publicly available in a timely fashion and in a manner acceptable to the Association III. Other Information For additional informatio on disbursement arrangements, please refer to the Loan Handbook available on the Association's Website (http://www.worldbank.ora/ 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 Credit, and retrieve related policy, financial, and procurement information. For more information about the website and registratio rrangements, o if you have ny queries in relation to the above, please cortact the Association by e il at askloans Id Yours sJ erely, /arco Mantovanelli Cuntry Manager for sovo /Europe and Cent Asia 2 THE WORLD BANK IBRD * IDA I wommmemou Attachments 1. Form of Authorized Signatory Letter 2. Forms of Statement of Expenditure (SOE) 3. Form of Designated Account Reconciliation Statement Cc with copies: Kosovo Credit Guarantee Fund (KCGF) Central Bank of Kosovo 3 11 „ ^ о С �' � ,_"'�., у 'у" W +' N 'и . k, ,� � Ои i? 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О � "` � � М fi � �L .� � ti � �,�- U .� и О � ... •�; �j ' V "�' �У N о � .о й F а ¢ �, � � � � � > о о � с� � `� у. и а ? fi w -д � с - � р � С� . � с � � о � � °�' i �: �' � а� � Сб 3 � л'` у С�'. И . *'� ; � � о � о_ о •;, . �. � �� � .д � � ¢ fi д� о ' .� w о гл � й �,;, � с ¢ � .° О Lг, � и .� 3 � � " � '� ° � � о a�i -о о `� � � � w о � � � � � о � � .� х�о А �.z� * Е ��° `� �` � А�рΡ�' ,� 3а Е .b о _ .� ,. м х е .� 3 U � � .о ¢ " , с °' � � 'а�; � � п� � U ¢ Z '. 1 ; I I� Attachment I - Form of Authorized Signatory Letter [Letterhead] [Recipient] [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: Credit No. i 0416-XK (Financial Sector Strengthening Project) I refer to the Finar cing Agreement ("Agreement") between the International Development Association (the "Association") and the Republic of Kosovo (the "Recipient"), dated - , providing the above Credit. For the purposes of Section 2.03 of the General Conditions as defined in the Agreement, any i [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 Credit. For the purpose of delivering Applications to the Association, 2[each] of the persons whose authenticated specimen signatures appears below is authorized on behalf of the Recipient, acting 3[individually] 40ointly], to deliver Applications, and evidence in support thereof on the terms and conditions specified by the Association. This confirms that the R cipient is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to the Association by electronic means. In full rec6gnition that the Association shall rely upon such representations and warranties, including without limitation, the representations and warranties contained in the Terms and Conditions of Use of $ecure Identification Credentials in connection with Use of Electronic Instruction to the Recipient: Stipulaie if more than one person needs to sign Applications, and how many or which positions, and if any thresholds apply. Please delete thisfootnote infinal letter that is sent to the Association. 2 Instruction to the Recipient: Stipulat if more than one person needs tojointly sign Applications, if so, please indicate the actual number. Please delete this otnote infinal letter that is sent to the Association. Instruction to the Recipient: Use thi bracket if any one of the authorized persons may sign; if this is not applicable, please delete. Please delete thisfootn te infinal letter that is sent to the Association. Instruction to the Recipient: Use th s bracket only if several individuals must jointly sign each Application; if this is not applicable, please delete. Pleas -, delete thisfootnote infinal letter that is sent to the Association. Means to Process Applications and Supporting Documentation ("Terms and Conditions of Use of SIDC"), the Recipient represents and warrants to the Association that it will cause such persons to abide by those terms and conditions. This Authorization re places and supersedes any Authorization currently in the Association records with respect to this Agreement. [Name], [position] Specimen Signature: [Name], [position] Specimen Signature: [Name], [position] Specimen Signature: Yours truly, / signed / [Position] I I .� � Е а� sы. � а � �в _ а w, р О ° а � � I О с� � iб Т � I, ~ д 0�, � I ы .. .. .. .. !i Е Z z z z �1 ао ы а �о о�' W I rn ,� � � L ё � � 1 к� о U �+ � 1 W �" •CL V II� � о Q 1 Гтr 'б ^О ,° г�, � р N � .� N ��I�1 о0 � С р р°,р �,� . ы ' =��А¢¢ 8 j �¢ � и сд � д °' с ^ �� � j г� ° дд ° ° к ¢ W � � � U <'" W � �1 w гл О °° ' � � "а и а I U д' G ; ° `° � р д р .� ы Е� II R" i� F ° 'О о R�ч С f� ai О+ О � р II W Gтi � в+ ,, 'О С Т А � О � I � ° •� Д '� л � О b сб V > � •U � р �IIi И � ¢ '� > L]. w 3 I р о�c�Q � й V Е-� � � о II, С7 � о � У � � � Е� с� С О .b Са � �� L I1 �- � 'b � �' о I� л�° � .� � � U и cs, � 0 и г Cj � у .� ¢ �. а `� и .р � � С � .-. � � .о b °" а v ,� ° а� О '�: ° ° °_ й й 'b 6 I� м С7 • V„ � � � ой�д с � л � '� n, д; � V � й � �- " 'У •° 3 � I', с� �`� .о _� a�i а.� с`�. 3�jzvUw� о �- U и •а z ° и i '' 一 一 &‘〕卡 一 一 一 一 一 一 一 一 一 一 一 一 Attachment 3 - Form of Designated Account Reconciliation Statement DESIGNATED ACCOUNT RECONCILIATION STATEMENT LOAN/CREDIT/PPF/COFINANCIER NUMBER ACCOUNTNUMBER WITH (BANK) I TOTAL ADVANCED BY WOR D BANK (OR COFINANCIER) US$/EUR 2 LESS: TOTAL AMOUNT RECOVERED BY WORLD BANK US$/EUR i 3. EQUALS PRESENT OUTSTANDING AMOUNT ADVANCED TO THE DESIGNATED ACCOUNT Q-TUMBER I LESS NUMBER 2) US$/EUR 4. BALANCE OF DESIGNATED ACCOUNT PER ATTACHED BANK STATEMENT AS OF DATE US$/EUR 5. PLUS: TOTAL AMOUNT CLAIMED IN THIS APPLICATION NO. + US$/EUR 6. PLUS: TOTAL AMOUNT WITHDRAWN AND NOT YET CLAIMED REASON: + US$/EUR 7. PLUS: AMOUNTS CLAIMED IN PREVIOUS APPLICATIONS NOT YET CREDITED AT DATE OF BANK STATEMENTS APPLICATION NO. AMOUNT SUBTOTAL OF PREVIOUS APPLICATIONS NOT YET CREDITED + US$/EUR 8. MINUS: INTEREST EARNED US$/EUR 9. TOTAL ADVANCE ACCOUNTED FOR (NO. 4 THROUGH NO. 9) US$/EUR 10. EXPLANATION OF ANY DIFFERENCE BETWEEN THE TOTALS APPEARING ON LINES 3 AND 9: 11. DATE: SIGNATURE: TITLE: