OFFICIAL DOCUMENTS THE WORLD BANK 9 BRD - IDA I WORLD BANKGROUP Date: J l. E. Alamine Oismane Mey M in ister of IIconony, Planning and Regional Development Ministry of E-conony. Planning and Regional Development lmimeuble AMACAM Yaounde Republic of Cameroon Re: IDA Credit 6770-CM (Valorization of Investments in the Vallcy of the Benuc Project) Additional Instructions: Disbursement and Financial Information Letter. Excellenev: l refer to the Financing Agreement between Republie of Cameroon (Ilie "Recipient") and the International Development Association (the "Association") for the above-referenced Project. The General Conditions, as defined in the Financing Agreement, provide that the Recipient may from time to time request withdrawals of Credit amounts from the Credit Account in accordance with Ilie Disbursement and Financial Information Letter, and such additional instructions as the Association may specify from tiie to time by notice to the Recipient. 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 ("DFl') and may be revised inom time to tiile. 1. Disburseient Arrangements, Withdrawal olCredit Funds, and Reporting of Uses of Credit Funds. The Disbursemnt Guide/ines fir hveslment Project/ Fincancing, dated February 2017, ("Disbursement Guidelines") are available in tile Associations public website at https://www. worldbalk.org and its secure website "Cl iiit Connection" at ht /ienteonnetionorldbank.org. The Disbursement Guidelines are an integral part ofthe DFIL, and Ilie manner in whichi the provisions in Ilie guidelines apply to the Credit is specified below. (i) Disbursement Arrangements * GeneralProvisions (Schedule 1). Tlie table in Schedule I sets ont ilie disbursement methods whicli mav be used by the Recipient, and conditions, inforiation on registration of autlhorized signatures, processing of' witlidrawal applications (including miinim valuc ofappl ications and processing of advaices). instruitiois ou supporting documientation, and frequency ofreporting on the Designated Account. (ii) Electronic Delivery. Sectioni 11.01 (c) of the General Conditions. The Recipient will deliver Withdrawal Applications (with supporting documents) electronically through the Association's web-based portal "Client Connection" at littps;://clieiitconiiection.worldbaik.org. This option will be effected after the officials designated in writing by the Recipient who are autliorized to sign and deliver Withdrawal Applications have registered as tisers of "Clieiit Connection". The designated officials will deliver Applications electronically by completing the Form 2380. whicl is accessible tlirougli "Client Connection". By signing the Authorized Signatory Letter, the Recipient confiriiis that it is autliorizing such persons to accept Secure Ideiitificatioii Credentials (SIDC) and to deliver tlie Applications and supporting documents to the Association by electronie means. The Recipient may exercise the option of preparing and delivering Witlhdrawal Applications in paper form on exceptional cases (inCluding those THE WORLD BANK IRDF IDA I WORLDBANKGROUP where the Borrower encounters legal linmtations), and which were previously agreed with the Association. Bv designating olficials to use SIDC and by choosing to deliver the Applications electronically, the Recipient confirms through the authorized signatory letter its agreement to: (a) abide by the Terms and Conditions of Use of Secure identificatioi Credentials in connection with Use of Flectronic Means to Process Applications and Supporting Documentation, available in the Association's public website at htps/xvorldbank.ore and "Client Connection"; and (b) to cause snch official to abide by those terms and conditions. 11. Financial Reports and Audits. (i) Financial Reportv. The Recipient most prepare and furnish to the Association not later than Forty-five (45) days after the end of eaci 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 fiscal year of the Recipient, commencing with the fiscal year in which the first withdrawal was made. The audited Financial Statements for each stich period mtist be furnished to the Association not later than six (6) months after the end of such period. III. Other Information. For additional information on disbursement arrangements, please ref'er to the Loan Handbook available oii the Association's website (http://www.worldbank.org/) and "Client Connection". The Association recommends that you register as a user of "Client Connection". Froni this website voti will be able to prepare and deliver Applications, monitor the near real-time status of the Credit. and retrieve related policy, Financial, and procurement information. For more information abotit the website and registration arrangements, or if you have any queries in relation to the above, please contact the Association by email at AskLoandWorldBank.orz using the above reference. Abdoul ae Sek Co(flhtt'Dtrectpi Gdmetioon West and Centil AfrIca Regions Atitachients 1. Statement of Expenditure (SOL) 2. Customized SOL for C-vouchers 3. Customized SOE for matching grants 4. Customized SOL for scholarship grants Schedule 1 : Disbursenent Provisions Basic Information Country Republic of Cameroon Closing Date Section 111.13.2. of Schedule 2 to the [ Recipient Republic of Cameroon Financing Agtreeient. 6770-CM Name of the Project Valorization of Investients in the I)isbursenicrt Four montbs after the closing date. Valley of the Benue Project Deadline Date Subseuion ¯ Disbursement Methods and Supporting Documentation Disibursemient MVethods Mlethods Supporting Documentation Section 2 ("9 Subeions 4.3 and 4,4 (* Direct Payment Yes Copy of records Reimbursement Yes * Statement of Expenditure (SOF) in the format providled in Attachment I of the DI,L for eligible expenditure under categories IL2.3 and 7 of thc projeet a Customized Sos iii tbC formats provided in Attachments 2. 3 and 4 for categories 4.5 and 6 of the project. respectively Advance (into a Designated Yes b Statement of Expenditure (SOE) in the format provided in Attachment 1 of the DFIL for Account) eligib le expenditure under catecories 1,23 and 7 of tbc projeet b Customized SOEs in [be formats provided in Attachments 2, 3 and 4 for categories 4,5 and 6 _of tbc project. res Special Commitmenits Yes Copy of letter of Credit Designated Account (Sections 5 and 6 * DA A: Segregated manaced by CAA for categories 1.2,3.6 and 7 DA A: Fixed of the project Ceiff DA B: Fixed DA 13: Sgregaicted managed by CAA for categories 4 and 5 of tc project Financial Institution - DA A: Banque Atlantiquc Cameroun DA A: XAF Name DA B: Banque Atlantigue Cameroun DA 13: XAF Frequene, of Reporlingi DA A: Montblv DA A: 3500.000,000 Subsecion 6.3 (*) 1 DA [3: Montiv DA B: 400.000,000 Minimuni Val of Applidations (ubsection 3,5) The i in imum value of applications for Reimbursement, Dircct P ment and Special Commitient is 20 percent of [tc Designated Account ceil ing. Anthorized Signatures {3bsecton31 and32 * TheformforAuthorizedignatories Leler isprovided in ltimnt 1 ofthi leter Withidrawal and Docunentation Applications (Subsection 33 and34 * Asutborized Signatures (subsection 3.1 and 3.2). Authorized Signatures: Appleations for this Financing l wil be signed by tc official(s) autborized to sign Applications as indicated in your letter ofJuly 14. 2017 signed by I. Louis Paul Motaze. Applications (subsections 3.3 - 3.4). All Wiihdraw%-al Applications and their supporting documentation will be clectronically sent via the Association's system Client Connection. Additional Information I. Disbursements under Category 7 of Section lillA of Schedule 2 of the Financing Agreemeni (Emergency Expenditures under Part 4 of the Project) will be subJect to the conditions precedent to accessing the CEPC funds. namely that the Recipient has provided, and the Bank has accepted, evidence of the occurrence of an eligible crisis or emergency and tlie Recipient has prepared and adopted/adhered to the CERC Operations Manual. Disbursements under this component vill follow procedures described in the CERC Manual including supporting documentation: provided that this disbursement letter will first need to be amended and reinstated al a iater date to reflect those specifie arrangements. In order to provide necessary liquidity för fast response. the ceilingz of tlie Advance under Ilie CERC could be up to 100% of the amount allocated to the CERC category and a new DA will be opened for CERC related expenditures. 2. inds from DA-A may be transferred to a Transactions Account in commercial Bank acceptable lo the Association to meet eligible expenditures. and managed by the Project PlU. provided that transactions and balances in that account are included in all projeet financial reports. The Transaction Account wvill be replenished by CAA based on an agreed protocol that will be clearly and formally stipulated in an agireement ilh CAA. Sections and subsections relat io the "Disbuirsemenl Guidelines for ivestmnent Projeci Financing", dcaed Februay 20 7. Attachment 1 -Statement of Expenditures SOE Model Template (incl. listing of prior review payments) IDA - International )evelopnent Association Statement of Expenditures Paymeni nde during the lo Lon/Credit int perlodl 1from The following expendiure.s have been incurred during the refrielive Yes No Category # tiianeing period (tpicase [lek) Ihe fo!lowing expelnditures have been incurred belore [beclosing date Yes No Pa get of the Ioai/credit/grant (please tiek)_____________ _______ ONLY for the S- _ -Designated Account 1 2 3 4 5 6 7 8 9 li_ tt 12 [3 [4 ite 'Sippli Brieft Prior Contr Contra1 livoi Date Total 1% [ligi 1 xc Dlate ' of Anio li er's Descrip Reviiew i acl # el cc of, Amalooln Finan ble ie Willidr 1 No Name ton of, (Conliti' Curren N1uni Iiym i 1 if ced Anmo Rate awNl Vithdr lte ac'?) VCliet cy and her ent Ivioice irom 111 'ii fromi alyn1 Expenid Co'nne Anmul Covere lte (ire [fromlll it Y l' S or cifon t t d by I a k (o1 l Design lite VO> /r Atpplic ! 9- ipcd Decsign lPnror tOrigin ation /) Aecrln led Reviewr al t Accoit 1onra :! mten ISe' of vis) ent)Relenli on) (>Cul L-i -7 - _ _ _i _ __ _ 2.o0 o __ __ AL . Supporting ds ocumenlits Idr tIhis SOl' are retained at (inse'r / in son i A5 separtie form1> ishould be used fdr eaeh ecategory. Attachment 2 - Customized SOE for E-vouchers Report for the E-vouchers(i) Category NO.: 1 2 3 4 5 6 7 8 9 10 11 Brief Total amount Payment Amount Name and E voucher Description Currency of e-vouchers request Paid From Item Address of Agreement No. activities and Total payments Amount Eligible Designated Date of Remarks No. & Date (or other financed Amount of covered by Eligible. for Account Payment Beneficiary ref.) by e- E-voucher application (net nancing cont voucher of retention) TOTALS 1M Supporting documents for this report retained at:(insert location) Attachment 3 - Customized SOE for Matching Grants Report for the Payment of Matching Grants(t) Category No.: 1 2 3 4 5 6 7 8 9 10 11 Total amount Matching Grant Brief Currency of Grants Payment Amount Naeadpayment Amutrequest Paid From Daeo Rmrk Item Name and Agreement No. Description and Total covered by Amount elie Deignated Date of Address of coee yEligible DesignatedReak No. & Date (or other of Sub Amount of a Eligible. Payment Beneficiary ref.) Project Subproject application for Account (net of Financing (if any) retention) TOTALS m Supporting documents for this report retained at:(insert location) Attachment 4 - Customized SOE for Scholarship Payments Report for the Payment of Scholarships(i) Category No.: 1 2 3 4 5 6 7 8 9 10 11 Total amount Brief Toa mutPayment Amount Scholarship Currency of Scholarship Item Address of Agreement No. of and Total payment Amount Equese PaidgFromd Date of Remarks No. & Date (or other Amount of covered by Eligible. Eib Designt Payment ref.) Scholarship Scholarship application (net For Accont receivedFiacn (fny of retention) TOTALS U' Supporting documents for this report retained at:(insert location) FOR OFFICIAL USE ONLY Prepared by: Ines Etty, Finance Officer Cleared with and cc: Shingira Masanzu, Country Lawyer Norman Bentley Piccioni, Juan David Casanova Anoll, TTLs Cc: Dahlia Takodjou Nsinga, FMS