OFFWCAAL
CREDIT NUMBER 5358-CG
Financing Agreement
(LISUNGI - Safety Nets System Project)
between
REPUBLIC OF CONGO
and
INTERNATIONAL DEVELOPMENT ASSOCIATION
Dated      Ae1 4_9 ,2014


CREDIT NUMBER 5358 -CG
FINANCING AGREEMENT
AGREEMENT dated        T-J- 4 Sq , 2014, entered into between REPUBLIC
OF CONGO ("Recipient") and INTERNATIONAL DEVELOPMENT ASSOCIATION
("Association").The Recipient and the Association hereby agree as follows:
ARTICLE I - GENERAL CONDITIONS; DEFINITIONS
1.01.  The General Conditions (as defined in the Appendix to this Agreement)
constitute an integral part of this Agreement.
1.02.  Unless the context requires otherwise, the capitalized terms used in this
Agreement have the meanings ascribed to them in the General Conditions or in
the Appendix to this Agreement.
ARTICLE II- FINANCING
2.01.  The Association agrees to extend to the Recipient, on the terms and conditions
set forth or referred to in this Agreement, a credit in an amount equivalent to
one million four hundred thousand Special Drawing Rights (SDR1,400,000)
(variously, "Credit" and "Financing"), to assist in financing the project described
in Schedule I to this Agreement ("Project").
2.02.  The Recipient may withdraw the proceeds of the Financing in accordance with
Section IV of Schedule 2 to this Agreement.
2.03.  The Maximum Commitment Charge Rate payable by the Recipient on the
Unwithdrawn Financing Balance shall be one-half of one percent (1/2 of 1%) per
annum.
2.04.  The Service Charge payable by the Recipient on the Withdrawn Credit Balance
shall be equal to three-fourths of one percent (3/4 of 1%) per annum.
2.05.  The Interest Charge payable by the Recipient on the Withdrawn Credit Balance
shall be equal to one and a quarter percent (1.25%) per annum.
2.06.  The Payment Dates are June 15 and December 15 in each year.
2.07.  The principal amount of the Credit shall be repaid in accordance with the
repayment schedule set forth in Schedule 3 to this Agreement.


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2.08.  The Payment Currency is Dollar.
ARTICLE III - PROJECT
3.01.  The Recipient declares its commitment to the objective of the Project. To this
end, the Recipient shall carry out the Project through the Ministre des Affaires
Sociales de I'Action Humanitaire et de la Solidarit6 in accordance with the
provisions of Article IV of the General Conditions.
3.02.  Without limitation upon the provisions of Section 3.01 of this Agreement, and
except as the Recipient and the Association shall otherwise agree, the Recipient
shall ensure that the Project is carried out in accordance with the provisions of
Schedule 2 to this Agreement.
ARTICLE IV - EFFECTIVENESS; TERMINATION
4.01.  The Additional Conditions of Effectiveness consist of the following:
(a)    the Recipient has deposited 2,300,000,000 CFA Francs into the Project
Counterpart Funds Account in accordance with the provisions of
Section I.E of Schedule 2 to this Agreement; and
(b)    the Recipient has adopted the Project Implementation Manual in
accordance with the provisions of Section I.B. 1 of Schedule 2 to this
Agreement.
4.02.  The Effectiveness Deadline is the date ninety (90) days after the date of this
Agreement.
4.03.  For purposes of Section 8.05 (b) of the General Conditions, the date on which the
obligations of the Recipient under this Agreement (other than those providing for
payment obligations) shall terminate is twenty (20) years after the date of this
Agreement.
ARTICLE V - REPRESENTATIVE; ADDRESSES
5.01.  The Recipient's Representative is its minister responsible for finance.
5.02.  The Recipient's Address is:
Ministre l'Economie, des Finances, du Plan, du Portefeuille Public et de
l'Int6gration
Avenue Foch
B.P. 2083
Brazzaville
Republic of Congo


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Facsimile:
(242) 2281.43.69
5.03. The Association's Address is:
International Development Association
1818 H Street, N.W.
Washington, D.C. 20433
United States of America
Cable:              Telex:              Facsimile:
INDEVAS             248423 (MCI)        1-202-477-6391
Washington, D.C.


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AGREED at  F I J  ,           as of the day and year first
above written.
REPUBLIC OF CONGO
By
Authorized Represent ive
Name:  C, 1            11W
Title: J L d l AitflLi [   rk TI[ld
INTERNATIONAL DEVELOPMENT ASSOCIATION
By
A  horized Representative
Name: -LLi<cLc  taeLL
Title: A 1LneLttto &LJ ~L1fl


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SCHEDULE 1
Project Description
The objective of the Project is to establish the key building blocks of a national
safety net program and pilot a cash transfer program to improve access to health and
education services of poorest households in participating areas.
The Project consists of the following parts:
Part 1:      Establishment of Key Building Blocks of a National Safety Net
Program and Enhancement of Local Capacities
(a) Implementing a program  of actions for establishing key building blocks
of a national safety net system, including: (i) (A) developing and implementing a
management information system, including, among others, supply and
installation of appropriate ICT, hardware, software, internet connectivity, local
area networks and mobile technology support; (B) developing and maintaining
a registry of potential Beneficiaries; (C) developing and implementing a
comprehensive information, education and communications strategy at the
national and CAS levels; and (D) developing and implementing appropriate
monitoring and evaluation systems and procedures; and (ii) provision of Training
on information technology skills to users (to the extent not covered under
Part 3 below).
(b) Carrying out of studies designed to examine the specific needs of vulnerable
groups including the disabled and the indigenous populations.
Part 2:      Strengthening the Demand-side of Services through Cash Transfer
Program
Piloting of a Cash Transfer Program designed to improve the consumption of
Beneficiaries, all through the provision of Cash Transfers and technical advisory
services.
Part 3:      Project Management, Monitoring and Evaluation
Strengthening the capacity of LISUNGI Project Management Unit for day to day
coordination, implementation and management (including, fiduciary aspects,
monitoring and evaluation, carrying out of audits and reporting) of Project
activities and results, all through the provision of technical advisory services,
Training, Operating Costs, non-consulting services and acquisition of goods for
the purpose.


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SCHEDULE 2
Project Execution
Section I.   Institutional and Implementation Arrangements
A.     Institutional Arrangements
1.     Ministere des Affaires Sociales de I'Action Humanitaire et de la Solidarit6
The Recipient shall designate, at all times during the implementation of the
Project, the Minist&re des Affaires Sociales de l'Action Humanitaire et de la
Solidaritd ("MASAHS"), to be responsible for prompt and efficient oversight and
management of the implementation of activities under the Project, and shall take
all actions, including, the provision of funding, personnel and other resources
necessary to enable said MASAHS to perform said functions.
2.     Comitk d'Orientation Strat6gique
(a)    Without limitation upon the provisions of paragraph (1) immediately above, the
Recipient shall establish, and thereafter maintain, at all times during the
implementation of the Project, a Comite d'Orientation Strat6gique with a
composition, mandate and resources satisfactory to the Association, to be
responsible for providing strategic and policy guidance on the implementation of
the Project.
(b)    Without limitation upon the provisions of sub-paragraph (a) immediately
above, the Comite d'Orientation Stratdgique shall be responsible for,
inter alia: (i) reviewing and endorsing the Project's annual work plan and
budget; (ii) reviewing progress made towards achieving the objective of the
Project; (iii) facilitating coordination of Project activities and the removal of any
obstacle(s) to the implementation of the Project; and (iv) monitoring and
evaluating the impacts of Project activities.
3.     LISUNGI Project Management Unit
(a)    The Recipient shall designate, at all times during the implementation
of the Project, the LISUNGI Project Management Unit, to be responsible
for, inter alia, prompt and efficient day to day coordination, implementation,
reporting and communication of Project activities and results. To this end, the
Recipient shall take all actions, including, the provision of funding, personnel
(all with qualifications, experience and terms of reference satisfactory to the
Association) and other resources satisfactory to the Association, to enable said
LISUNGI Project Management Unit to perform said functions.


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(b)    Without limitation upon the provisions of sub-paragraph (a) of this paragraph, the
LISUNGI Project Management Unit shall be responsible for, inter alia:
(i) preparing annual work plans and budgets for review and endorsement by the
Comitd d'Orientation Strat6gique; (ii) the Project's fiduciary aspects (financial
management and procurement); (iii) preparing and consolidating periodic
progress and financial reports; (iv) monitoring and evaluation of Project
activities; (v) liaising with other stakeholders on issues related to Project
implementation; and (vi) providing administrative support to implementing
agencies.
B.     Implementation Arrangements
1.     Project  Implementation   Manual    (Operational  Manual;  Financial
Management Manual; Cash Transfer Program Handbook)
(a)    The Recipient shall prepare, in accordance with terms of reference acceptable to
the Association, a Project implementation manual, consisting of: (i) an
operational manual, providing details of arrangements and procedures for the
implementation of the Project, including: (A) capacity building activities for
sustained achievement of the Project's objective; (B) procurement, financial
management and disbursement arrangements; (C) institutional administration,
coordination and day-to-day execution of Project activities; (D) monitoring,
evaluation, reporting, information, education and communication arrangements
of Project activities; and (E) such other administrative, financial, technical and
organizational arrangements and procedures as shall be required for the Project;
(ii) a financial management manual, setting forth the detailed policies and
procedures for financial management under the Project; and (iii) a Cash Transfer
Program handbook, setting forth the detailed policies and procedures for said
program.
(b)    The Recipient shall afford the Association a reasonable opportunity to exchange
views with the Recipient on said Project implementation manual, and thereafter,
shall adopt such Project implementation manual, as shall have been approved by
the Association ("Project Implementation Manual").
(c)    The Recipient shall ensure that the Project is carried out in accordance with the
Project Implementation Manual; provided, however, that in case of any conflict
between the provisions of the Project Implementation Manual, on the one hand,
and those of this Agreement, on the other, the provisions of this Agreement shall
prevail.
(d)    The Recipient shall not amend or waive any provisions of the Project
Implementation Manual without the prior written agreement of the Association.


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2.     Annual Work Plan and Budget
(a)    The Recipient shall prepare and furnish to the Association not later than
December 31 of each Fiscal Year during the implementation of the Project, a
work plan and budget containing all activities proposed to be included in the
Project during the following Fiscal Year, and a proposed financing plan for
expenditures required for such activities, setting forth the proposed sources of
financing.
(b)    Each such proposed work plan and budget shall specify any Training activities
that may be required under the Project, including: (i) the type of Training; (ii) the
purpose of the Training; (iii) the personnel to be trained; (iv) the institution or
individual who will conduct the Training; (v) the location and duration of the
Training; and (vi) the cost of the Training.
(c)    The Recipient shall afford the Association a reasonable opportunity to exchange
views with the Recipient on each such proposed work plan and budget and
thereafter ensure that the Project is implemented with due diligence during said
following Fiscal Year in accordance with such work plan and budget as shall
have been approved by the Association ("Annual Work Plan and Budget").
(d)    The Recipient shall not make or allow to be made any change to the approved
Annual Work Plan and Budget without the Association's prior approval in
writing.
C.     Cash Transfer Program
I. Procedures and Eligibility Criteria
No proposed Beneficiary under the Cash Transfer Program shall be eligible to
receive a Cash Transfer under said Cash Transfer Program, unless the Recipient
shall have determined, on the basis of an appraisal conducted in accordance with
guidelines acceptable to the Association and elaborated in the Project
Implementation Manual ("PIM"), that the Beneficiary satisfies the following
requirements, and such further requirements as are elaborated in said PIM:
(a) the Beneficiary: (i) has been pre-selected on the basis of a targeting system
consisting of, inter alia: (A) a geographical targeting mechanism which has
identified each District with well-established CAS as eligible to participate in
the Cash Transfer Program; (B) a community targeting mechanism which
has identified extremely poor or vulnerable households in said
District; (C) a proxy means test which has verified said Beneficiary's
eligibility; (D) a random draw process which has selected said Beneficiary;
and (E) a validation review process which has confirmed said Beneficiary's
eligibility; and (ii) is enrolled in a registry of Beneficiaries;


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(b) the Beneficiary shall have, as part of the enrolment in said registry of
Beneficiaries, received Training on the Cash Transfer Program's operations
and  requirements,  including,  inter  alia,  applicable  Beneficiary
conditionalities, namely, in areas where health services are available: (i) all
children aged nine (9) months and below shall have received all routine
vaccinations as evidenced by a full vaccination card; (ii) all children aged
eleven (11) months and below shall have received health check-ups once per
month; (iii) all children aged between twelve (12) and twenty-three (23)
months shall have received routine health check-ups at least once every two
(2) months; and (iv) all pregnant women shall have received at least four (4)
pre-natal medical examinations and two (2) post-natal medical examinations
within forty (40) days of delivery; and (v) in areas where primary education
is available, all children eligible for primary education shall have attended
school at least eighty percent (80%) of the time in each month; and
(c) the Recipient shall have confirmed Beneficiary's compliance with said
conditionalities, as applicable.
2.     Term(s) and Condition(s) of Cash Transfer Program
(a)    The Recipient shall, prior to the commencement of the Cash Transfer Program in
any given District, retain in accordance with the provisions of Section III of this
Schedule, one or more Payment Agencies, with terms of reference, qualifications
and experience satisfactory to the Association, to assist the Recipient in
administering payments under the Cash Transfer Program in said District.
(b)    The Recipient shall monitor and evaluate, under terms of reference satisfactory to
the Association, the implementation of the Cash Transfer Program, so as to
ensure that payments made under the Cash Transfer Program are made
exclusively to Beneficiaries for productive purposes consistent with the
objectives of the Project.
D.     Anti-Corruption
The Recipient shall ensure that the Project is carried out in accordance with the
provisions of the Anti-Corruption Guidelines.
E.     Project Counterpart Funds; Project Counterpart Funds Account
1 .    The Recipient shall open, and thereafter maintain, at all times during the
implementation of the Project, in a financial institution and on terms and
conditions acceptable to the Association, a Project Counterpart Funds Account,
into which all counterpart funds required for the Project shall be deposited and
maintained until required to pay for Eligible Expenditures.


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2.     Without limitation upon the provisions of Section 4.03 of the General
Conditions, the Recipient shall deposit into the Project Counterpart Funds
Account, the following amounts in CFA Francs not later than the dates indicated
next to such amount:
Amount            Date not later than which the amount shall be
(in CFA Francs)    deposited in the Project Counterpart Funds Account
2,300,000,000                     Effectiveness
3,200,000,000                     April 5, 2015
2,000,000,000                     June 1, 2016
3.     The Recipient shall ensure that all amounts deposited in the Project Counterpart
Funds Account shall be used exclusively to pay for Eligible Expenditures.
Section II.  Project Monitoring, Reportin2 and Evaluation
A.     Project Reports
1 .    The Recipient shall monitor and evaluate the progress of the Project and prepare
Project Reports in accordance with the provisions of Section 4.08 of the General
Conditions and on the basis of indicators acceptable to the Association. Each
Project Report shall cover the period of one (1) calendar quarter, and shall be
furnished to the Association not later than forty-five (45) days after the end of
the period covered by such report.
2.     The Recipient shall, not later than one (1) month prior to the mid-term review
referred to in paragraph 3 of this Section II.A, furnish to the Association for
comments, a report, in such detail as the Association shall reasonably request, on
the progress of the Project, and giving details of the various matters to be
discussed at such review.
3.     The Recipient shall, not later than eighteen (18) months after the Effective Date,
undertake, in conjunction with all agencies involved in the Project, a
comprehensive mid-term review of the Project during which it shall exchange
views with the Association and implementing agencies generally on all matters
relating to the progress of the Project, the performance by the Recipient of its
obligations under this Agreement and the performance by said implementing
agencies, having regard to the performance indicators referred to in paragraph I
of this Section II.A.
4.     Following the mid-term review, the Recipient shall act promptly and diligently in
order to take any corrective action deemed necessary to remedy any shortcoming


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noted in the implementation of the Project, or to implement such other measures
as may be required in furtherance of the objectives of the Project.
B.     Financial Management, Financial Reports and Audits
1 .    The Recipient shall maintain or cause to be maintained a financial management
system in accordance with the provisions of Section 4.09 of the General
Conditions.
2.     Without limitation upon the provisions of Part A of this Section, the Recipient
shall prepare and furnish to the Association not later than forty-five (45) days
after the end of each calendar quarter, interim unaudited financial reports for the
Project covering the quarter, in form and substance satisfactory to the
Association.
3.     The Recipient shall have its Financial Statements audited in accordance with
the provisions of Section 4.09 (b) of the General Conditions. Each audit
of the Financial Statements shall cover the period of one (1) Fiscal Year of the
Recipient. The audited Financial Statements for each such period shall be
furnished to the Association not later than six (6) months after the end of such
period.
4.     To facilitate the proper maintenance of its financial management system as
referred to in Part B. I of this Section II, the Recipient shall, not later than
three (3) months after the Effective Date: (a) acquire and install appropriate
financial management/accounting software, in accordance with the provisions of
Section III of Schedule 2 to this Agreement; and (b) provide financial
management Training for staff involved in financial management of the Project,
under terms of reference acceptable to the Association.
5.     To facilitate the carrying out of independent audits under Part B.3 of this
Section II, the Recipient shall, not later than six (6) months after the Effective
Date, appoint an external auditor, in accordance with the provisions of
Section III.C of Schedule 2 to this Agreement.
Section III.  Procurement
A.     General
1.     Goods, Works and     Non-consulting Services. All goods, works and
non-consulting services required for the Project and to be financed out of the
proceeds of the Financing shall be procured in accordance with the requirements
set forth or referred to in Section I of the Procurement Guidelines, and with the
provisions of this Section.


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2.     Consultants' Services. All consultants' services required for the Project and to
be financed out of the proceeds of the Financing shall be procured in accordance
with the requirements set forth or referred to in Sections I and IV of the
Consultant Guidelines, and with the provisions of this Section.
3.     Definitions. The capitalized terms used below in this Section to describe
particular procurement methods or methods of review by the Association of
particular contracts, refer to the corresponding method described in Sections II
and III of the Procurement Guidelines, or Sections II, III, IV and V of the
Consultant Guidelines, as the case may be.
B.     Particular Methods of Procurement of Goods, Works and Non-consulting
Services
1 .    International Competitive Bidding. Except as otherwise provided in
paragraph 2 below, goods, works and non-consulting services shall be procured
under contracts awarded on the basis of International Competitive Bidding.
2.     Other Methods of Procurement of Goods, Works and Non-consulting
Services. The following methods, other than International Competitive Bidding,
may be used for procurement of goods, works and non-consulting services for
those contracts specified in the Procurement Plan: (a) National Competitive
Bidding, (subject to the following additional provision, namely, that the
Recipient shall use the standard bidding documents of the Association or other
bidding documents agreed upon with the Association prior to their use); (b)
Shopping; (c) Direct Contracting; and (d) Procurement from United Nations
agencies.
C.     Particular Methods of Procurement of Consultants' Services
1 .    Quality- and Cost-based Selection. Except as otherwise provided in
paragraph 2 below, consultants' services shall be procured under contracts
awarded on the basis of Quality and Cost-based Selection.
2.     Other Methods of Procurement of Consultants' Services. The following
methods, other than Quality and Cost-based Selection, may be used for
procurement of consultants' services for those contracts which are specified
in the Procurement Plan: (a) Quality-based Selection; (b) Selection under a
Fixed Budget; (c) Least Cost Selection; (d) Selection based on Consultants'
Qualifications; (e) Single-source procedures for the Selection of Individual
Consultants; (f) Procedures set forth in paragraphs 5.2 and 5.3 of the Consultant
Guidelines for the Selection of Individual Consultants; and (g) Single-source
procedures for the Selection of Individual Consultants.


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D.     Review by the Association of Procurement Decisions
The Procurement Plan shall set forth those contracts which shall be subject to the
Association's Prior Review. All other contracts shall be subject to Post Review
by the Association.
E.     Specific Procurement Covenants
1.     The Recipient shall, not later than twelve (12) months after the Effective Date,
provide Training for the Project's procurement staff, under terms of reference
acceptable to the Association.
2.     The Recipient shall, not later than six (6) months after the Effective Date, update
its procurement filing and record keeping system, in form and substance
acceptable to the Association.
Section IV.   Withdrawal of the Proceeds of the Financing
A.     General
1.     The Recipient may withdraw the proceeds of the Financing in accordance with
the provisions of Article II of the General Conditions, this Section, and such
additional instructions as the Association shall specify by notice to the Recipient
(including the "World Bank Disbursement Guidelines for Projects" dated May
2006, as revised from time to time by the Association and as made applicable to
this Agreement pursuant to such instructions), to finance Eligible Expenditures as
set forth in the table in paragraph 2 below.
2.     The following table specifies the categories of Eligible Expenditures that may be
financed out of the proceeds of the Financing ("Category"), the allocations of the
amounts of the Financing to each Category, and the percentage of expenditures to
be financed for Eligible Expenditures in each Category:


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Amount of the    Percentage of Expenditures
Category           Financing Allocated      to be Financed
(expressed in SDR)     (inclusive of Taxes)
(1) Works, goods,               400,000                 11.8%
consultants' services,
non-consulting services,
Training and Operating
Costs under Parts I and 3
of the Project
(2) Cash Transfers and         1,000,000                11.8%
consultants services under
Part 2 of the Project
TOTAL AMOUNT                1,400,000
B.     Withdrawal Conditions; Withdrawal Period
1.    Notwithstanding the provisions of Part A of this Section, no withdrawal shall be
made for payments made prior to the date of this Agreement.
2.     The Closing Date is February 28, 2018.


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SCHEDULE 3
Repayment Schedule
nDue           Principal Amount of the Credit repayable
(expressed as a percentage)*
On each June 15 and December 15:
commencing June 15, 2019 to and                      1.65%
including December 15, 2028
commencing June 15, 2029 to and                      3.35%
including December 15, 2038
* The percentages represent the percentage of the principal amount of the Credit to be
repaid, except as the Association may otherwise specify pursuant to Section 3.03 (b) of
the General Conditions.


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APPENDIX
Section I.   Definitions
1.    "Anti-Corruption Guidelines" means the "Guidelines on Preventing and
Combating Fraud and Corruption in Projects Financed by IBRD Loans and IDA
Credits and Grants", dated October 15, 2006 and revised in January 2011.
2.     "Beneficiary" means a household which is eligible to receive a Cash Transfer
under the Cash Transfer Program and is duly registered for the purpose; and
"Beneficiaries" means, collectively, two or more such households.
3.     "CAS" means Circonscription d'Action Social.
4.     "Cash Transfer" means the conditional cash payment to be made to a Beneficiary
under the Cash Transfer Program, and "Cash Transfers" mean, collectively, two
or more such conditional cash payments.
5.     "Cash Transfer Program" means the Recipient's program referred to Section I.C
of Schedule 2 to this Agreement.
6.     "Category" means a category set forth in the table in Section IV of Schedule 2 to
this Agreement.
7.     "CFA Franc" means the franc of the Central Africa Economic and Monetary
Community, whose common central bank is the Bank of Central African States.
8.     "Comit6 d'Orientation Stratdgique" means the Recipient's committee referred to
in Section 1.A.2 of Schedule 2 to this Agreement.
9.     "Consultant Guidelines" means the "Guidelines: Selection and Employment of
Consultants under IBRD Loans and IDA Credits and Grants by World Bank
Borrowers" dated January 2011.
10.   "District" means any of the following administrative units in the Recipient's
territory participating in the Cash Transfer Program: Makdl616k1, Bacongo,
Moungali and Talangai in the department of Brazzaville; Mvoumvou in the
department of Pointe Noire; and Makoua and Oyo in the department of Cuvette.
11.   "Fiscal Year" or "FY" means the Recipient's twelve month period starting
January 1 and ending December 31 of the same year.
12.   "General Conditions" means the "International Development Association
General Conditions for Credits and Grants", dated July 31, 2010, with the
modifications set forth in Section II of this Appendix.


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13.    "ICT" means information and communications technology.
14.    "LISUNGI" means solidarity or support in Lingala.
15.    "LISUNGI Project Management Unit" means the Recipient's unit referred to in
Section I.A.3 of Schedule 2 to this Agreement.
16.    "Ministre des Affaires Sociales de l'Action Humanitaire et de la Solidaritd" or
"MASAHS" means the Recipient's ministry responsible for social affairs,
humanitarian action and solidarity, and any successor thereto.
17.    "Operating Costs" means the incremental expenses incurred on account of
Project implementation, based on the Annual Work Plan and Budget approved by
the Association pursuant to Section I.B.2 of Schedule 2 to this Agreement, and
consisting of expenditures for office supplies, vehicle operation and maintenance,
maintenance of equipment, communication and insurance costs, office
administration costs, utilities, rental, consumables, accommodation, travel and
per diem, and salaries of Project staff, but excluding the salaries of the
Recipient's civil service, meeting and other sitting allowances and honoraria to
said staff.
18.    "Payment Agencies" means two or more competitively selected financial
institutions, including, inter alia, banks, microfinance institutions and mobile
phone companies, and duly established and operating under the Recipient's laws
and regulations, for the purpose of making Cash Transfers to Beneficiaries under
the Cash Transfer Program.
19.    "Procurement Guidelines" means the "Guidelines: Procurement of Goods, Works
and Non-consulting Services under IBRD Loans and IDA Credits and Grants by
World Bank Borrowers" dated January 2011.
20.    "Procurement Plan" means the Recipient's procurement plan for the Project,
dated November 12, 2013 and referred to in paragraph 1.18 of the Procurement
Guidelines and paragraph 1.25 of the Consultant Guidelines, as the same shall be
updated from time to time in accordance with the provisions of said paragraphs.
21.    "Project Counterpart Funds Account" means the account to be established and
maintained by the Recipient in accordance with the provisions of Section I.E of
Schedule 2 to this Agreement.
22.    "Project Implementation Manual" or "PIM" means the Recipient's manual
referred to in Section I.B. 1 of Schedule 2 to this Agreement.
23.    "Training" means the costs associated with training, workshops and study tours
provided under the Project, based on the Annual Work Plan and Budget approved
by the Association pursuant to Section I.B.2 of Schedule 2 to this Agreement,


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consisting of reasonable expenditures (other than expenditures for consultants'
services) for: (a) travel, room, board and per diem expenditures incurred by
trainers and trainees in connection with their training and by non-consultant
training facilitators; (b) course fees; (c) training facility rentals; and (d) training
material preparation, acquisition, reproduction and distribution expenses.


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Section II.   Modifications to the General Conditions
The modifications to the General Conditions are as follows:
1.     Section 3.02 is modified to read as follows:
"Section 3.02. Service Charge and Interest Charge
(a) Service Charge. The Recipient shall pay the Association a service charge on the
Withdrawn Credit Balance at the rate specified in the Financing
Agreement. The Service Charge shall accrue from the respective dates on
which amounts of the Credit are withdrawn and shall be payable semi-
annually in arrears on each Payment Date. Service Charges shall be
computed on the basis of a 360-day year of twelve 30-day months.
(b) Interest Charge. The Recipient shall pay the Association interest on the
Withdrawn Credit Balance at the rate specified in the Financing Agreement.
Interest shall accrue from the respective dates on which amounts of the
Credit are withdrawn and shall be payable semi-annually in arrears on each
Payment Date. Interest shall be computed on the basis of a 360-day year of
twelve 30-day months."
3.     Paragraph 28 of the Appendix ("Financing Payment") is modified by inserting
the words "the Interest Charge" between the words "the Service Charge" and
"the Commitment Charge".
4.     The Appendix is modified by inserting a new paragraph 32 with the following
definition of "Interest Charge", and renumbering the remaining paragraphs
accordingly:
"32. "Interest Charge" means the interest charge specified in the Financing
Agreement for the purpose of Section 3.02(b)."
5.     Renumbered paragraph 37 (originally paragraph 36) of the Appendix ("Payment
Date") is modified by inserting the words "Interest Charges" between the words
"Service Charges" and "Commitment Charges".
6.     Renumbered paragraph 50 (originally paragraph 49) of the Appendix ("Service
Charge") is modified by replacing the reference to Section 3.02 with Section 3.02
(a).