Amendment No. 7 to the Administration Arrangement
         Between the Government of Canada, represented by the Minister for International
            Development acting through the Department of Foreign Affairs, Trade and
          Development, and the International Bank for Reconstruction and Development
        Concerning the Global Concessional Financing Facility Trust Fund (MTO 069029)
                                (Donor Reference No. P011612)



WHEREAS, an Administration Arrangement dated October 18, 2016 was entered into by the Government
of Canada, represented by the Minister for International Development acting through the Department of
Foreign Affairs, Trade and Development (DFATD) (the “Supporting Country”) and the International Bank
for Reconstruction and Development, as Trustee (the “World Bank,” and together with the Supporting
Country, the “Participants”), as amended (the “Administration Arrangement”), for the purpose of receiving
funds for the Trust Fund, MTO 069029, supporting the Global Concessional Financing Facility (the
“GCFF”), and for which capitalized terms used therein and herein are used as defined in the Glossary in
the Operations Manual of the GCFF, as approved by the Steering Committee of the GCFF; and

WHEREAS, the Supporting Country wishes to contribute additional funds to the Trust Fund;

NOW THEREFORE, the Participants hereto have reached the following understanding to amend the
Administration Arrangement as follows:

1.      The Supporting Country hereby has decided to contribute a supplemental amount of
CAD 2,000,000 (two million Canadian dollars) (the “Supplemental Contribution”), which is understood to
be a “Contribution” as defined in the Glossary in the Operations Manual of the GCFF as specified in
paragraph 3 below.

2.      The Supplemental Contribution will be administered by the Trustee on behalf of the Supporting
Country in accordance with the terms specified (i) in the Administration Arrangement, including Annex 1
(Standard Provisions), which constitutes an integral part of the Administration Arrangement, and (ii) the
Operations Manual (including the Glossary), whose terms apply hereto. In the event of conflict, the terms
of the Administration Arrangement will prevail over the Operations Manual.

3.       The Supporting Country will deposit the Supplemental Contribution in cash through bank
transfer(s) into such account with such bank designated by the Trustee in accordance with the following
payment schedule and currency, including designations of specified amounts to specific Windows, in each
case upon submission of a payment request by the Trustee:

  Installment Payment Date                      Contribution       Window                Amount
                                                 Currency         Designation

  By March 31, 2024                                CAD              Global              2,000,000
  Supporting Country’s 2023/2024 Fiscal
  Year

  TOTAL                                            CAD                                  2,000,000
4.       When making deposits, the Supporting Country will instruct its bank to include in its payment
details information (remittance advice) field of its SWIFT payment message, information indicating: the
amount paid, that the payment is made by the Supporting Country for the Global Concessional Financing
Facility Trust Fund (MTO 069029), and the date of the deposit.

5.      The offices responsible for coordination of all matters related to the implementation of the
Administration Arrangement and this Amendment are, except as may be notified in writing to the other
Contact:

       For the Trustee (the “Trustee Contact”):

       Director
       Trust Funds and Partner Relations
       Development Finance
       The World Bank
       1818 H Street, NW
       MSN G 6-602
       Washington, DC 20433, U.S.A.
       Tel: +1 202 473 7414
       Email: gcfftrustee@worldbank.org


       For the Supporting Country (the “Supporting Country Contact”):

       Louis-Pierre Emond
       Director, Venezuela Task Force (NLX) / Directeur, Groupe de travail sur le Venezuela (NLX)
       Global Affairs Canada / Affaires mondiales Canada
       125 Sussex Drive, Ottawa, Ontario / 125 prom. Sussex, Ottawa (Ontario)
       Canada K1A 0G2
       Email: Louis-Pierre.Emond@international.gc.ca

6.     All other terms of the Administration Arrangement will remain the same.

7.      This Amendment may be executed in separate counterparts, all of which taken together will
constitute one and the same instrument.


                              [remainder of page intentionally left blank]




                                                                                                     2
8.       This Amendment will become effective as of the date of the last signature of the Participants hereto,
acting through their duly authorized representatives.

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT,
as Trustee of the Trust Fund supporting the Global Concessional Financing Facility


By:      _______________________________

             Dirk Reinermann
Name: _______________________________

              Director Trust Funds and Partner Relations
Title:   _______________________________

             25-Aug-2022
Date:    _______________________________



GOVERNMENT OF CANADA,
represented by the Minister for International Development acting through the Department of
Foreign Affairs, Trade and Development


By:      _______________________________

              Louis-Pierre Emond
Name: _______________________________

              Director, Venezuela Task Force
Title:   _______________________________

              25-Aug-2022
Date:    _______________________________




                                                                                                            3