THE WORLD BANK IBRD • IDA I WORlDBANKGROUP Letter No. CD- 093/WBNI/2022 June 17, 2022 Mr. Hadiyanto Director General of Treasury Ministry of Finance Gd. Prijadi Praptosuhardjo I, 2 nd Floor JI. Lapangan Banteng Timur No. 2-4 Jakarta Pusat Dear Mr. Hadiyanto: Re: IBRD Loan No. 9341-ID (Agriculture Value Chain Development Project (I-CARE)) Additional Instructions: Disbursement and Financial Information Letter I refer to the Loan Agreement between Republic of Indonesia (the "Borrower") and International Bank for Reconstruction and Development (the "Bank") for the above-referenced Project. The General Conditions, as defined in the Loan Agreement, provide that the Borrower may from time to time request withdrawals of the proceeds ofIBRD Loan No. 9341-ID (the "Loan") in accordance with the Disbursement and Financial Information Letter, and such additional instructions as the Bank may specify from time to time by notice to the Borrower. The General Conditions also provide that the Disbursement and Financial Information Letter may set out Project specific financial reporting requirements. This letter constitutes such Disbursement and Financial Information Letter ("DFIL") and may be revised from time to time. I. Disbursement Arrangements, Withdrawal of Loan Funds, and Reporting of Uses of Loan Funds The Disbursement Guidelines fo r Investment Project Financing, dated February 2017, ("Disbursement Guidelines") are available in the Bank' s public website at https://www.worldbank.org and its secure website "Client Connection" at https://clientconnection.worldbank.org. The Disbursement Guidelines are an integral part of the DFIL, and the manner in which the provisions in the Disbursement Guidelines apply to the Loan is specified below. (i) Disbursement Arrangements The table in Schedule 1 sets out the disbursement methods which may be used by the Borrower, and conditions, information on registration of authorized signatures, processing of withdrawal applications (including minimum value of applications), instructions on supporting documentation, and frequency of reporting on the Designated Account. 18 18 H Street NW • Washington, DC 20433 USA 2 of5 LN 9341-ID (ii) Electronic Delivery. Section 10.01 (c) of the General Conditions. The Borrower will deliver Withdrawal Applications (with supporting documents) electronically through the Bank's web-based portal "Client Connection" at https://clientconnection.worldbank.org. This option will be effected after the officials designated in writing by the Borrower who are authorized to sign and deliver Withdrawal Applications have registered as users of "Client Connection". The designated officials will deliver Applications electronically by completing the Form 2380, which is accessible through "Client Connection". By signing the Authorized Signatory Letter, the Borrower confirms that it is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to the Bank by electronic means. The Borrower may exercise the option of preparing and delivering Withdrawal Applications in paper form on exceptional cases (including those where the Borrower encounters legal limitations), and which were previously agreed with the Bank. By designating officials to use SIDC and by choosing to deliver the Applications electronically, the Borrower 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 World Bank'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) Financial Reports. The Borrower must prepare and furnish to the Bank not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports ("IFR") for the Project covering the quarter. (ii) Audits. Each audit of the Financial Statements must cover the period of one ( 1) fiscal year of the Borrower, commencing with the fiscal year in which the first withdrawal was made. The audited Financial Statements for each such period must be furnished to the Bank not later than six (6) months after the end of such period. III. Other Information For additional information on disbursement arrangements, please refer to the Loan Handbook available on the Bank' s website (http ://www.worldbank.org/) and "Client Connection" . The Bank 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 Loan, and retrieve related policy, financial, and procurement information. For more information about the website and registration arrangements, or if you have any queries in relation to the above, please contact the World Bank by email at AskLoans@WorldBank.org using the above reference. Sincerely, Habib Rab Acting Country Director, Indonesia and Timor-Leste 1818 H Street NW · Washington, DC 20433 USA 3 of 5 LN 9341-ID Attachments 1. Interim unaudited Financial Report (IFR) With copies: Mr. Luky Alfirman Ministry of Finance Director General of Budget Financing and Risk Management JI. Dr. Wahidin Raya No. 1 Jakarta 10710, Indonesia djpprakemenkeu.go.id Mr. Fadjry Djufry Head of Indonesian Agency for Agricultural Research and Development (IAARD) Ministry of Agriculture Jalan Ragunan No. 29, Pasar Minggu Jakarta Selatan 12540 fadrydjufry@pertanian.go.id 1818 H Street NW · Washi ngton, DC 20433 USA 4 of5 LN 9341-ID Schedule 1 : Disbursement Provisions Borrower Republic of Indonesia (with to the Loan Agreement. IBRD Ministry of Finance as recipient of Loan 9341-ID IBRD Loan roceeds Number Name of the Agriculture Value Chain Disbursement Four (4) months after the Operation Development Project Deadline Date closing date. Subsection 3. 7 ** Disbursement Methods Methods Supporting Documentation Section 2 ** Subsections 4.3 and 4.4 ** Direct Pa ment No Not A licable Reimbursement Yes Interim Unaudited Financial Re art Attachment 1 Advance Interim Unaudited Financial Re art Attachment 1 Segregated; one (1) segregated designated account under Variable the name of DG Treasury, Ministry of Finance will be Type Ceiling established for the Project Financial Institution - Bank Indonesia or other financial institution or commercial USD Currency Name bank acce table to the Bank Frequency of Reporting, Same as provision of IFRs, i.e. , Quarterly Forecast of two (2) Quarters Amount Subsection 6.3 (**) The Minimum Value of Applications for Reimbursement is USDl00,000 equi valent. 18 18 H Street NW · Washin gton, DC 20433 USA 5 of 5 LN 9341-ID Applications for this Loan will be signed by the officials authorized to sign Applications as indicated in the Ministry of Finance Letter No. S- 148/PB/2021 dated May 10, 2021. Please notify the Bank promptly should there be any change in the authorized officials in this regard. Updated Authorized Signatory Letter (ASL), if applicable, may be submitted through the automated ASL clearance process available via Client Connection, or send the ASL in paper form to the address indicated below: The World Bank Office Jakarta (WBOJ) Jakarta Stock Exchange Building, Tower 2, 12 th Floor JL. Jenderal Sudirman Kav. 52-53, Jakarta 12190, Indonesia Attention: Disbursement Team All Withdrawal Applications and supporting documentation will be electronically sent via the Bank's system Client Connection. For Withdrawal Applications in paper form, please submit to the address below: The World Bank 26 th Floor, One Global Place 5th Avenue corner 25 th Street, Bonifacio Global City Taguig City, Philippines Attention: Senior Regional Team Leader, WF ACS ** Sections and subsections relate to the "Disbursement Guidelines for Investment Project Financing ", dated February 2017. 1818 H Street NW · Washington , DC 20433 USA AGRICULTURE VALUE CHAIN DE VELO P 1ENT PROJECT (I-CARE) Special Account Activity Statement IBRD no For The Quarter Ended .... Bank and Account No. : IBRD No. USD Part I 1. Cummulative advances to end of current reporting period 2. Cummulative expenditures to end of last reporting period 3. Outstanding advances to be accounted (1 ·2) Part II 4. Opening SA balance at beginning of reporting period (as of 5. Add/Substract :Cummulative adjustments (if any) • 6. Advances from the World Bank during reporting period 7.add 5 and 6 8. Outstanding advances to be accounted for (4+7) (must be same as item J) 9. Closing SA balance at end of current reporting ( 10. Add / substract: Cummulative adjusment (if any)•• 11 . Expenditures for current reporting period 12. Add 10+11 13. Add 9+12 14. Difference (if any) 8-13 ••• PART 111 15. Total Forecasted amount to be Paid by World Bank 16. Less : Closing SA balance after adjustment 17. Add/Substract Cummulative Adjustments (*) 18. Add No.16 and No.17 Cash requ irement from WB for next six months (No.15 - No.18) Round Down • Explanation for item 5 (if not zero): IFMR & AW Ref. I Amount (+/ ·) I Remarks •• Explanation for item 10 (if not Zero): lfMR & AW Ref. I Amount( +/-) I Remarks ••• Explanation for item 14 (if not Zero) : FMR & AW Ref. Amount (+/-) Remarks •••• Explanation for item 17 (if not Zero) : FMR & AW Ref. Amount (+/ -) Remarks 1-B AGRICULTURE VALUE CHAIN DEVELOPMENT PROJECT (I-CARE) Summary Sheet for Payments of Contracts Subject to Prior Review For Quarter Ended ... Ln/Cr/TF No. : _ _ _ _ _ _ __ Sheet No.· 1 2 3a 3b 4 5 6 7 8 9 10 11 12 13 Item Disbursement Category Office Cross-Ref Date of Contract I Supplier/ Contract Total Amount WB Amount of Exchange Amount WB's No. Issuing SP2D Payment No. Contractor Value Paid to Financing WB portion Rate Charged contract Cat No. Description SP2D No. (SP2D) and Date Name (Incl. Add) Contractor GOl+IBRD+PPN % paid Applied to SA (USD eqv) .., ref. Component A Component B Component C GRAND TOTAL */ Please have a seperate line item if the WB ' financing percentage is different ••t Please check these ref. through Client Connection 1-C AGRICULTURE VALUE CHAIN DEVELOPMENT PROJECT (I-CARE) Summary Statement of Expenditures (Sum-SOE) for those NOT Subject to Prior Review For Quarter Ended ... Ln/CrfTF No. : Sh eet No. : 1 0 1 1 1 2 3 4 5 6 7 8 9 10 Item Disbursement Category Threshold Number of Country of Total Paid WB Amount of Average Amount No. for SP2D supplier/ to Contractors/ Financing WB portion Exchange Charged Cat No. Description SOEs covered consultant/ Expenditures % paid Rate to SA (USO eav\ trainina IGOl+IBRD+PPN) (USD eav\ Component A Component B Component C GRAND IVIML */ Please have a seperate line item if the WB' financing percentage is different 1-C2 AGRICULTURE VALUE CHAIN DEVELOPMENT PROJECT (I-CARE) Summary Statement of Eapend ltur9 ror lhoH NOT SubjKt to Prior Review For Quarter Ended ... Ln/CrfTF No. 8038-1 0 ..,,.,.., Sheet No. : 1 of 1 .... 1 No. CM No. 2 DlsburHrMnt Category Detcrl ptlon 3a Otllce issuing SP2D 3b Cron-Ref SP2D No. 4 o.te of (SP2D) 5 Cont,act No. and Dat• • Supplier/ Contractor Name 7 Connct Value (Ind. Add) • TotlllAmounl Paid to Conlnlcto< {GOl+IBRO+PPN) we Financing " • 10 Amount Of we portion paid ..11 Es.change Appli.d 12 Amounl Charged to SA (USO oqv) Component A IComponeat B Component C GRANO TOTAL I I I I I I I I I I I I I I I ·1 Pleau havt a seperate line ilem if the we· fnancl'IQ percemage II different 1-0 AGRICULTURE VALUE CHAIN DEVELOPMENT PROJECT (I-CARE) Project Cash Forecast For Quarter Ended ... (a) (b) (c)=(a)+(b) (d) (e) (f) GOl+WB GOl+WB Total Cash GOI WB WB Disbursement Category Cash Requirement Cash Requirement Requirement for Cash Requirement Cash Requirement Cash Requirement for Quarter ending for Quarter ending next two quarters next two quarters next two quarters next two quarters Sep 30/2020 Dec 31 /2020 (six months) (six months) (six months) (six months) /IDR) /IDR) /IDR) /IDR) (IDR) (USO) Component A Component B ComponentC Total - . . . . - NOTE: Exchange rate applied = AGRICULTURE VALUE CHAIN DEVELOPMENT PROJECT (I-CARE) Project Sources and Uses of Funds for the quarter ending ... currency: IDR Actual/ i Planned Current Year-To Cumulative Current Year-To Quarter /ii Date To-Date/iii Quarter /ii Date 1 2 3 4 5 Sources of Funds GOI ( Counterpart; RPMurni ; Outstanding; SBUN) The World Bank Other Donor/lender Total Sources of Fund - - - - - Uses of Funds Component A Component B - - - - - Component C . Non Bank Financed (Rupiah Murni) Total Uses of Fund - - - - - NOTE: 1 Sources of Fund: Actual : include WB portions and GOI counterpart funds Planned: to be completed with the appoved budget; especially for the current quarter this must be completed with the previous quarter's cash forecast 2 Uses of Fund Actual: project expenditures by categories for the WB portions plus GOI counterpart funds Planned: "Year Iodate" to be completed with the appoved budget (DIPA); " Cummulative Iodate" to be completed with amount in PAD 3 "Current Quarter" covers the expenditures claimed to be eligible reported in the quarter 4 "Year to Date" covers accumulative expenditures during the year 5 "Cummulative to Date" covers expenditures since the beginning of the project until the current quarter 6 "Non Bank Financed" covers GOI expenditures related to the project other than the GOI counterpart funds IFR-1 Variance% Cumulative Current Year-To Cumulative To-Date/iii Quarter /ii Date To-Date/iii 6 7=1/4 8=5/5 9=3/6 - - - IFR-2 AGRICULTURE VALUE CHAIN DEVELOPMENT PROJECT (I-CARE) Project Uses of Funds by Category for the quarter ending Expenditures in the Current Quarter Uses of Funds charged to W B charged to Total GOI counterpart SBUN Outstanding Sp.Ace WB So.Acct Rp Ro Rp Ro Rp US$ Component A Component B . . . Component C . . Total Uses of Fund . . . Average Exchange rate : •) exhange rate assu mptions USO 1 = Expenditures in Year to Date Uses of Funds charged to W B charged to Total GOI counteroart SBUN Outstanding Sp.Ace WB Sp.Acct Ro Ro Ro Ro Rp US$ Component A Component B Component C Total Uses of Fund . . . Average Exchange rate : Cumulative Expenditures to Date Uses of Funds charged to WB charged to Total GOI counterpart SBUN Outstanding Sp.Ace W B Sp.Acct Rp Ro Ro Ro Ro US$ Component A Component B Component C Total Uses of Fund . . . Average Exchange rate : = = = == •1 Please have a seperate line item if the WB' financing percentage is different