The World Bank 1818 H Street N.W. (202) 477-1234 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Washington, D.C. 20433 Cable Address: INTBAFRAD INTERNATIONAL DEVELOPMENT ASSOCIATION U.S.A. Cable Address: INDEVAS OFFICIAL November 5, 2013 Secretary Md. Abul Kalam Azad Economic Relations Division (ERD) Ministry of Finance Block 8, Room 3 Sher-e-Bangla Nagar Dhaka Dear Secretary Azad: Re: Employment Generation Program for the Poorest Project (Cr. 4833-BD) Amendment to Financing Agreement We refer to the Financing Agreement (the "Agreement"), between the People's Republic of Bangladesh (the "Recipient") and the International Development Association (the "Association"), dated December 18, 2010, for the above-referenced Project. We also refer to the letter dated September 2, 2013, from the Economic Relations Division, requesting the Association to amend the Agreement by revising the disbursement-linked indicator (DLI) target pertaining to "Geographic Targeting" for 2013. The Association hereby agrees to amend the Agreement by replacing the previously applicable target for disbursement for 2013 pertaining to "Geographic Targeting" (i.e. item number 1 in Schedule 4 of the Agreement) with the revision specified in the Annex to this Letter of Amendment. Please confirm your agreement to the foregoing on behalf of the Recipient by countersigning and dating the form of confirmation below and returning one signed original copy of this Letter of Amendment to the Association. The amendments agreed to as per this Letter of Amendment, duly countersigned by an authorized representative of the Recipient, shall become effective retroactively from July 1, 2013. Secretary Md. Abul Kalam Azad -2- November 5, 2013 Except as specifically amended hereby, all other terms and conditions of the Agreement shall remain unchanged and in full force and effect. Sincerely, INTERNATIONAL DEVELOPMENT ASSOCIATION Christine E. Kimes Acting Head of the Bangladesh Country Office For the Country Director Enclosure AGREED BY:People's Republic of Bangladesh NAME: AAAST____o TITLE: &04J~fZ #~) I -r 1.1 DATE: el- I Secretary Md. Abul Kalam Azad -3- November 5, 2013 Annex DLI Focus Area: "Geographic Targeting" Target for Disbursement (2013) Previously Applicable Revision Actual allocation from Ministry to upazilas as follows: Actual allocation from Ministry to upazilas as follows: Upazilla Poverty Rate % of Program Resources Upazilla Poverty Rate % of Program Resources 35% and higher 60% 40% and higher 45% 21% to 34% 35% 29% to 39% 25% 20% and lower 5% 19% to 28% 20% 18% and lower 10% And a minimum of 45% of actual expenditures on wage And a minimum of 40% of actual expenditures on wage costs in each phase going to upazilas with extreme costs going to upazilas with poverty rates 40% and poverty rates 35% and higher. higher.