May 2, 2023

 H.E. M. Jean-Baptiste Ondaye
 Minister of Economy and Finance
 Ministry of Economy and Finance
 Boulevard Denis Sassou-N’guesso
 B.P. 2083
 Brazzaville
 Republic of Congo

                                  Re: Republic of Congo
                                  Loan Number 9508-CG
     (Accelerating Governance Institutional Reforms for Sustainable Services Operation)

                          CORRIGENDUM TO THE LOAN AGREEMENT

 Excellency:

        We refer to the Loan Agreement (“Loan Agreement”) for the above-referenced Project,
 dated April 14, 2023, between the Republic of Congo (“Borrower”) and the International Bank for
 Reconstruction and Development (“Bank”). Please note that the capitalized terms used in this letter
 and not defined herein have the meanings ascribed to them in the Loan Agreement.

        An involuntary error has come to our attention in the table given in Section IV.A.2(b) of
 Schedule 2 of the Loan Agreement. The amount of the financing allocated to Category (7) and
 Category (8) needs to be slightly modified. In order to rectify this oversight, said table of the Loan
 Agreement shall be deleted and replaced by the table provided below:

        “Category                    Disbursement Linked               Amount of the           Percentage of
 (including Disbursement             Result (as applicable) 1              Loan               Expenditures to
    Linked Indicator as                                                  Allocated 2           be Financed
        applicable)                                                    (expressed in            (inclusive of
                                                                           EUR)                   Taxes) 3
(1) DLI #1: Increased
efficiency in mobilizing tax                                         6,071,000
and customs revenues




 1
   Formulas describing results required for disbursement (including amounts from both IDA and IBRD financings to
 calculate each DLR).
 2
   Total amount allocated from the IBRD financing to the individual DLR.
 3
   The balance of 35.7% will be financed by IDA.
DLR 1.1: The Borrower has         Yes/No:                    1,821,000    64.3%
reorganized its tax and
custom administration by
specialties                and
functionalities (type of taxes,
taxpayers, and taxable bases)
in a manner consistent
CEMAC Directives on tax
and custom’s organization.
DLR 1.2: The Borrower has         From a baseline of 270 1,821,000        64.3%
reduced the number of days        days, €945,000 when
to    treat    tax    disputes    reaching 240 days and
(scalable)                        €472,500      for      each
                                  subsequent     15      day-
                                  reduction,   up     to    a
                                  maximum           allocated
                                  aggregate    amount      of
                                  €2.833.000
DLR1.3: The Borrower has          From a baseline of 5%, 608,000          64.3%
increased the percentage of       €118,000 for the first 20%
the taxpayers in LTOs using       increase and for each
online e-tax for tax filing and   subsequent 10% increase,
payment (scalable)                up to a maximum allocated
                                  aggregate    amount      of
                                  €945,000
DLR 1.4: The Borrower has         From a baseline of 276 1,821,000        64.3%
reduced the number of hours       hours, €709,000 when
for    customs    clearance       reaching 250 hours and for
(scalable)                        each subsequent 50 hour-
                                  reduction,   up     to    a
                                  maximum           allocated
                                  aggregate    amount      of
                                  €2,833,000.
(2) DLI #2: Implementation                                    6,072,000
of      performance-based
budgeting.

DLR 2.1: The Borrower has         Yes/No:                    1,215,000    64.3%
adopted its conceptual
framework for programs and
program budgets are aligned
with the chart of accounts
(prior result)

DLR 2.2: The Borrower has         Yes/No:                    1,215,000    64.3%
designated the program
managers and heads of
program operational units in
line ministries in accordance
with the regulation

DLR 2.3: The Borrower’s          From a baseline of 0, 1,821,000     64.3%
ministries in charge of          €236,000 per ministry
health, primary and              when reaching at least 3
secondary education, and         new ministries each year,
vocational training,             up to a maximum allocated
respectively, and other          aggregate    amount    of
ministries have each             €2,833,000
prepared their program
action plan to plan and
prioritize their needs as part
of the preparation of the
finance law (scalable)

DLR 2.4: The Borrower’s          From a baseline of 0, 1,821,000     64.3%
ministries in charge of health   €236,000 per ministry,
primary and secondary            when reaching at least 3
education and vocational         new ministries for each 8
training, respectively, and      year, up to a maximum
other ministries have each       allocated aggregate amount
prepared       an       annual   of €2,833,000
performance report before
the end of first trimester
following the fiscal year to
which it relates (scalable)

(3) DLI #3: Increased                                    5,471,000
transparency and efficiency
in public procurement

DLR 3.1: The Borrower has        From a baseline of 45%, 3,650,000   64.3%
increased the percentage of      €945,000 for each 5%
public contracts (weighed by     increase, up to a maximum
contract value) which are        allocated aggregate amount
awarded       through      a     of €5,666,000
competitive tender process
(scalable)

DLR3.2: The Borrower has From a baseline of 30%, 1,821,000           64.3%
increased the percentage of €472,500 for each 10%
public contracts (weighed by increase, up to a maximum
number) which are signed by
all parties during the period allocated aggregate amount
of validity of the tender, of €2,833,000.
(scalable)
(4) DLI #4: Improved                                     6,071,000
efficiency      of     public
investments

DLR 4.1: The Borrower has       Yes/No:                 1,821,000    64.3%
approved a regulation which
sets forth the modalities for
the preparation, design and
selection of projects, taking
into account the climate
aspects. (prior result)

DLR 4.2: The Borrower has       From a baseline of 5%, 4,250,000     64.3%
increased the percentage of     €472,500 for every 5%
new public investment           increase, up to a maximum
projects in the finance law     allocated aggregate amount
with studies validated by       of €6,615,000.
CNEEPIP and screened for
climate change mitigation
and adaptation (scalable)

(5) DLI #5: Increase in                                 4,856,000
availability of operating
grants to frontline providers
in health and education

DLR 5.1: The Borrower has       From a baseline of 0, 2,428,000      64.3%
increased the percentage of     €236,000 for each 5%
health and education            increase, up to a maximum
(primary, secondary, and        allocated aggregate amount
vocational training) budget     of €3,780,000
appropriation by the national
budget director to the
departments and
municipalities made in
compliance with Article 7(1)
of the Borrower’s decree no.
2022-1875 dated October
29, 2022, on the modalities
of budget allocations and
priority disbursement of
funds for general education
schools and health centers
(scalable)

DLR 5.2: The Borrower has      From a baseline of 0, 2,428,000    64.3%
increased the percentage of    €236,000 for each 5%
disbursement of subsidies      increase, up to a maximum
made to health centers and     allocated aggregate amount
primary, secondary, and        of €3,780,000
vocational training schools)
by the departments and
municipalities,           in
compliance with Article 7(2)
of the Borrower’s decree no.
2022-1875 dated October 29,
2022, on the modalities of
budget     allocations  and
priority disbursement of
funds for general education
schools and health centers
(scalable)

(6) DLI #6: Increased                                 4,856,000
availability of financial
execution information from
frontline service providers
in health and education

DLR 6.1: Number of             From a baseline of 0, 2,428,000    64.3%
primary, secondary, and        €94,500 for each 50-
vocational training schools    schools increase, up to a
with a financial execution     maximum           allocated
report (budget and own         aggregate    amount      of
resources) adopted by the      €3,780,000
school          management
committee and published
(scalable)
DLR 6.2: Number of health      From a baseline of 0, 2,428,000    64.3%
centers with a financial       €47,250 for each 25-health
execution report (budget and   centers increase, up to a
own resources) adopted by      maximum           allocated
the health center committee    aggregate    amount      of
and published (scalable)       €3,780,000
(7) Goods, non-consulting                                   8,996,750           64.3%
services, consulting services,
Training and Workshops,
and Incremental Operating
Costs for the Project


(8) Front-end Fee to be paid N/A                            106,250             100%
pursuant to Section 2.03 of
this       Agreement        in
accordance with Section 2.05
(b) of the General Conditions
(9) Interest Rate Cap or N/A                                0                   100%
Interest Rate Collar premium
to be paid pursuant to Section
4.05 (c) of the General
Conditions
TOTAL AMOUNT                                                42,500,000”


 All other provisions of the Agreement, except as corrected herein, shall remain in full force in
 effect.

 Thank you for your understanding.

                                         Yours sincerely,

       INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT




                                       Elisabeth Huybens
                            Acting Country Director, Republic of Congo
                                    Western and Central Africa