OFFICIAL
THE WORLD B" OFFICIAL
IBRDIDA WORLD BANKGROU CUM ENTS World Bank Office, Beijing
November 7, 2017
Mr. Chen Shixin
Director General
International Economic
and Financial Cooperation Department
Ministry of Finance
Beijing, China
China: China Partnership for Market Readiness Project
(PMR Grant Number TF017222)
Amendment to Grant Agreement
Dear Mr. Chen,
I refer to the Partnership for Market Readiness Multi-Donor Trust Fund Grant
Agreement between the People's Republic of China (the "Recipient") and the International
Bank for Reconstruction and Development (the "World Bank"), acting as administrator of
the Market Readiness Multi-Donor Trust Fund, dated December 23, 2014 (the "Grant
Agreement"), as amended thereof, for the above-mentioned project (the "Project").
I also refer to the letter dated September 19, 2017, from the Department of
International Economic and Financial Cooperation, Ministry of Finance, requesting a
restructuring of the Project, which requires certain amendments to the Grant Agreement. I
am pleased to inform you that the World Bank concurs with the request and proposes to
amend the Grant Agreement as follows:
1. Sub-paragraph (b) of Section I.A.1 of Schedule 2 is deleted in its entirety and the
remaining sub-paragraph is renumbered, accordingly.
2. A new paragraph 2 is added to Section L.A of Schedule 2 to read as follows:
"2. (a) To assist the NDRC with the day-to-day implementation of the Project
(including procurement, financial management, accounting, contract
management, monitoring and reporting), the Recipient, through NDRC,
shall enter into an agreement ("Implementation Agreement") with the
NCSC, under terms and conditions acceptable to the World Bank.
(b) The Recipient, through NDRC, shall exercise its rights under the
Implementation Agreement in such a manner as to protect the interests of
the Recipient and the World Bank, and to accomplish the purposes of the
16th Floor, China World Office 2, No.1 Jianguomenwai Avenue, Beijing 100004, P. R. China 1 URb UR fl k* 1 - P1V 4 2 A 16 A (100004)
Tel. ti4: (86-10) 5861-7600; Fax. *$,: (86-10) 5861-7800
Mr. Chen Shixin 2 November 7, 2017
Grant, and except as the World Bank shall otherwise agree, not assign,
amend, abrogate or waive the Implementation Agreement or any provision
thereof.
(c) In the case of any inconsistency between the provisions of the
Implementation Agreement and the provisions of this Agreement, the
provisions of this Agreement shall prevail."
3. Paragraph 3 of Section II.B of Schedule 2 is deleted in its entirety and replaced
by the following:
"3. The Recipient, through NDRC, shall, and shall cause NCSC to, have its
Financial Statements for the Project audited in accordance with the provisions of
Section 2.07 (b) of the Standard Conditions. Each such audit of the Financial
Statements shall cover the period of one fiscal year of the Recipient. The audited
Financial Statements for each such period shall be furnished to the World Bank
not later than six (6) months after the end of such period. The Recipient shall
make the audited Financial Statements publicly available in a timely fashion and
in a manner acceptable to the World Bank."
4. A new paragraph 7 is inserted in the Appendix with the following definition of
"Implementation Agreement", and the subsequent paragraphs are renumbered
accordingly:
"7. "Implementation Agreement" means the agreement to be entered into between
the Recipient, through NDRC, and the NCSC pursuant to Section I.A.2 of
Schedule 2 to this Agreement, as the same may be amended from time to time
with the prior written concurrence of the World Bank, and such term includes all
schedules supplemental to said agreement.
5. Renumber paragraph 8 (originally paragraph 7) in the Appendix ("Incremental
Operating Costs") is deleted in its entirety and replaced by the following:
"8. "Incremental Operating Costs" means the Project-related incremental expenses,
based on the Annual Work Plans, incurred on account of Project implementation,
management, coordination, and monitoring and evaluation, including per diems
of short term experts under the Project, salaries of temporary employees in
NCSC, travel costs, vehicle and equipment leasing, rent, maintenance and repair,
office rent and supplies, communications costs, logistics and translation services,
production and reproduction of documents required for Project implementation,
but excluding the salaries, salary supplements and other income subsidy of the
Recipient's civil servants."
6. A new paragraph 10 is inserted in the renumbered Appendix with the following
definition of "NCSC", and the subsequent paragraphs are renumbered accordingly:
"10. "NCSC" means the National Center for Climate Change Strategy and
International Cooperation, established on June 11, 2012 and operating pursuant
Mr. Chen Shixin 3 November 7, 2017
to certificate No. 110000005326, which shall be responsible for assisting NDRC
with the day-to-day implementation of the Project, or any successor thereto."
7. Renumbered paragraph 14 (originally paragraph 12) in the Appendix ("Project
Management Office") is deleted in its entirety and the remaining items are re-
numbered, accordingly.
Except as specifically amended by this amendment letter, all other provisions of the
Grant Agreement shall remain in full force and effect.
Please confirm your agreement to the foregoing on behalf of the Recipient by signing
and dating the form of confirmation set forth below, and returning one fully countersigned
original of this amendment letter to us and retaining one original for your records. This
amendment letter shall become effective as of the later date of the Bank's receipt of: (a) a
duly countersigned original of this letter by the authorized representative of the Recipient;
and (b) evidence that that the Implementation Agreement has been duly executed on behalf
of NDRC and NCSC.
Sincerely,
Bert o an
Country Director, China
CONFIRMED:
PEOPLE'S REPUBLIC OF CHINA
By:
Authorized Representative
Name: kAAIJ 2fM&I/b
Title:
Date:
Mr. Chen Shixin 4 November 7, 2017
Cc: Ms. Ye Jiandi, Director
Mr. Zhang Lei, Deputy Director
IFI Division I
International Economic and Financial Cooperation Department
Ministry of Finance
Ms. Fu Jing, Deputy Director
Mr. Yang Weifeng, Deputy Director
IFI Division III
International Economic and Financial Cooperation Department
Ministry of Finance
Mr. Liu Feng, Deputy Director
Mr. Liu Wenbo, Project Coordinator
Domestic Policy and Compliance Division
Department of Climate Change
National Development and Reform Commission