Amendment No. 1 to the Administration Agreement between the European Union, represented by the
European Commission, and the International Bank for Reconstruction and Development and the
International Development Association regarding the European Commission - World Bank
Partnership Programme Part IIfor Europe and Central Asia Programmatic
Single-Donor Trust Fund (No. TFO 73228)
Fergana Valley Water Resources Management Project Phase II Activities
Donor Reference No. A CA/2018/401-647
1.     Reference is made to the Administration Agreement between the European Union, represented by
the European Commission (the "Donor") and the International Bank for Reconstruction and Development
and the International Development Association (collectively, the "Bank", and together with the Donor, the
"Parties" and each a "Party") regarding the programme for the EC - World Bank Partnership Programme
III for Europe and Central Asia Programmatic Single-Donor Trust Fund No. TF073228 (the "Trust Fund")
effective as of November 30, 2018, (the "Administration Agreement").
2.     The Parties agree to amend the Administration Agreement as follows:
(a)    Paragraph 3 shall be deleted and replaced with the following:
"3.    The Donor shall deposit the Contribution for the Project in accordance with the
following schedule and in the currency specified in Section I above ("Contribution
Currency") into such bank account designated by the Bank (each amount deposited
hereinafter referred to as an "Installment") upon submission of a payment request by the
Bank:
(A)    Promptly following countersignature:  EUR 11,000,000
(B)    By:    September 16, 2024         EUR 3,500,000
The period for payment of further Instalments shall be 90 days.
The period for payment of the balance shall be 90 days."
(b)    Paragraph 5.1 of Annex 2 shall be deleted and replaced with the following:
"5.1  It is expected that the funds deposited in the Trust Fund will be fully disbursed by
the Bank by June 30, 2026 (the "End Disbursement Date"). The Bank shall only disburse
funds deposited in the Trust Fund for the purposes of this Administration Agreement (other
than returns to Donors) after such date to the extent such date is changed in accordance
with amendments made to the Administration Agreements of all the Donors. Following
the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund
to each Donor in the Holding Currency in the manner specified in its respective
Administration Agreement on a pro rata basis with regard to the total funds deposited in
the Trust Fund by such Donor relative to the total funds deposited in the Trust Fund by all
Donors, all calculated as Holding Currency amounts."
3.     All other terms of the Administration Agreement shall remain the same.
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4.    Each of the Parties represents, by confirming its agreement below, that it is authorized to enter into
this Amendment and act in accordance with these terms and conditions. The Parties are requested to sign
and date this Amendment, and upon possession by the Bank of this fully signed Amendment, this
Amendment shall come into effect as of the date of the last signature.
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
INTERNATIONAL DEVELOPMENT ASSOCIATION
By:
Name:     Nl C\N\\      cC
Title:  (     xk        2
Date:  _  _   _    _    _     _    _
EUPOPEAN UNION, represented by THE EUROPEAN COMMISSION
By:    __ _  _ _  _ _ _  _ _  _ _   _
Name:
Title:         I   ~       '
Date:
2