OFFICIAL STATUTORY COP _090 TO: The President, International Bank for Reconstruction and Development Report of the Committee under Section 4 (iii) of Article III of the Articles of Agreement on the Proposed Loan (Modernizing Public Sector Management, Citizen Security and Gender Policies in Amazonas Development Policy Loan - Programa de Consolidavdo do Equilibrio Fiscal para a Melhoria da PrestaVdo de Serviqos Pfiblicos do Estado do Amazonas) to the State of Amazonas to be guaranteed by the Federative Republic of Brazil. The undersigned Committee constituted under Section 7 of Article V of the Articles of Agreement of International Bank for Reconstruction and Development (the Bank) hereby submits its report pursuant to Section 4 (iii) of Article III of said Articles in respect of the proposal that the Bank grant to the State of Amazonas (the Borrower) a loan in an amount of two hundred sixteen million Dollars ($216,000,000), which loan is to be guaranteed by the Federative Republic of Brazil. The purpose of said loan is to support the Borrower's program of actions, objectives and policies designed to improve tax administration and procurement procedures and to strengthen the delivery of citizen security services and women's access to justice and social services. 1. The Committee has carefully studied the merits of the proposal to grant such a loan, and of the purpose(s) to which the proceeds of the loan are to be applied. 2. The Committee is of the opinion that the Program toward the financing of which the proceeds of such loan are to be applied comes within the purposes of the Bank as set forth in Article I of said Articles of Agreement, and that said Program is designed to promote the development of the productive facilities and resources of the Federative Republic of Brazil and is in the interest of the Federative Republic of Brazil and of the members of the Bank as a whole. -2- Federative Republic of Brazil (Modernizing Public Sector Management, Citizen Security and Gender Policies in Amazonas Development Policy Loan - Programa de Consolidaqdo do Equilibrio Fiscal para a Melhoria da PrestaVdo de Serviqos Pfiblicos do Estado do Amazonas) 3. Accordingly, the Committee finds that said Program merits financial assistance from the Bank, and hereby recommends said Program for such assistance. COMMITTEE Senior Vice President and Group General Counsel Expert Selected by G v or for Federative Republic of Brazil Regional Vice President Latin America and the Caribbean Vice President, World Bank Group Chief Risk Officer Senior Vice Presidenn Chief Economist Dated at Washington, D.C.