OFFICIAL DOCUMENTS THE WORLD BANK HA I WORLDBANKGROUP _AAmAO§, 2022 H.E. Romuald Wadagni Minister of Economy and Finance Ministry of Economy and Finance B.P. 302 Cotonou Republic of Benin Re: Republic of Benin Credit Number 7080-BJ and Grant Number E002-BJ Health System Enhancement Program Disbursement and Financial Information Letter Excellency: I refer to the Financing Agreement between Republic of Benin (the "Recipient") and the International Development Association (the "Association") for the above-referenced Program. The General Conditions, as defined in the Financing Agreement, provide that the Recipient may from time to time request withdrawals of Credit and Grant amounts from the Credit and Grant Accounts in accordance with the Disbursement and Financial Information Letter, and such additional instructions as the Association may specify from time to time by notice to the Recipient. The General Conditions also provide that the Disbursement and Financial Information Letter may set out Program specific financial reporting requirements. This letter constitutes such Disbursement and Financial Information Letter ("DFIL") and may be revised from time to time. I. Disbursement Arrangements, Withdrawal of Credit and Grant Funds, and Reporting of Uses of Credit and Grant Funds (i) Schedule 1. The table in Schedule I sets out the disbursement methods which may be used by the Recipient, conditions, information on registration of authorized signatures, processing of withdrawal applications, and instructions on documentation and reporting of advances. (ii) Withdrawal Applications. Applications for withdrawal from the Credit and Grant Accounts ("Withdrawal Applications") of amounts of the Credit and Grant allocated to individual Disbursement Linked Results ("DLR") may, pursuant to the provisions of Section IV of Schedule 2 of the Financing Agreement, be sent to the Association at any time after the Association has notified the Recipient in writing that it has accepted evidence of achievement of the specific DLR. (iii) With drawal Amount. The Withdrawal Application may be for an amount not to exceed the amount of the Credit and Grant confirmed by the Association for the specific DLR in respect of which the withdrawal is requested, as specified in the Association's notice to the Recipient. (iv) Advances and Recovery of Advances. The Recipient may, in accordance with provisions of the Financing Agreement, request advances of amounts of the Credit and Grant allocated to DLRs that have not yet been achieved using the Form attached (Attachment 1). The aggregate amount of all such advances -2- made in in respect of arnount allocated to the DLRs not to exceed the equivalent of EUR 20,875,000 under the Credit and DTS 16,775,000 under the Grant. The Association records an amount of the advance as disbursed for an achieved DLR ("recovered") after it has notified the Recipient of its acceptance of the evidence of achievement of the DLR for which the advance was provided. The amount so reclassified becomes available for further advances in accordance with the preceding paragraph. (v) Electronic Delivery. Section 11.01(c) of the General Conditions The Association may permit the Recipient to electronically applications (with supporting documents) through the Association's web-based portal (hNts: .clientconnecton.wx orldbank.orn) "Client Connection". This option may be effected if the officials designated in writing by the Recipient who are authorized to sign and deliver Applications have registered as users of "Client Connection". The designated officials may deliver Applications electronically by completing the Form 2380, which is accessible through "Client Connection". By signing the Authorized Signatory Letter, the Recipient confirms that it is authorizing such persons to accept Secure Identification Credentials ("SIDC") and to deliver the Applications and supporting documents to the Association by electronic means. The Recipient may continue to exercise the option of preparing and delivering Applications in paper form. The Association reserves the right and may, in its sole discretion, temporarily or permanently disallow the electronic delivery of Applications by the Recipient. By designating officials 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 Identification Credentials in connection with Use of Electronic Means to Process Applications and Supporting Documentation, available in the Association's public website at https://worldbank.org and "Client Connection"; and (b) to cause such official to abide by those terms and conditions. II. Financial Reports and Audits. Section 5.09 of the General Conditions (i) Financial Reports. The Recipient must prepare and furnish to the Bank not later than forty-five (45) days after the end of each calendar semester, interim unaudited financial reports ("IFR") for the Project covering the semester. (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 such period must be furnished to the Bank not later than nine (9) months after the end of such period. -3- III. Other Important Information For additional information on disbursement arrangements, please refer to the Loan Handbook available on the Association website (http://www.worldbank.org/) and "Client Connection". The Association recommends that you register as a user of "Client Connection". From this website you will be able to prepare and deliver Applications, monitor the near real-time status of the Credit and Grant, and retrieve related policy, financial, and procurement information. For more information about the website and registration arrangements, or if you have any queries in relation to the above, please contact the Association by email at AskLoans@WorldBank.re using the above reference. Yours sincerely Atou Seck Country Manager for Benin West and Central Africa Region Attachments 1. Sample Form for Advances -4I- Schedule 1: Disbursement Provisions Basic Information Credit antu Coun Republic of Benin Closing Date Section IV.D of Schedule 2 to the rit 7080-BJ Recipient Republic of Benin Financing Agreement. Grant E002-BJ Name of the Benin Health System Enhancement Program Disbursement Six (06) months after the closing Numbers Program Deadline Date date. Disbursement Methods and Supporting Documentation Disbursement Methods Methods Supporting Documentation Reimbursement (DLI Yes Confirmation issued by the Association of achieved results ("DLRs") payment for achieved results) Advance Yes Request in the format provided in Attachment I of the DFIL Advances Financial Institution - RCEAO Curreny XOF Name -Equivalent of: Ceiling PUR 20,875,000 uinder the Credit and tDTS t 6775,000 uinder the Grant Autho red Signatures and Wiftdrawal and Doctinentalliot Applications () AtlorizedSignatires (subsection 3.1). Applications for this (i) Applications (subsections 3.2 - 3.3) All Withdrawal Applications and their Financing will be signed by the official(s) designated in tie Standing supporting documentation shall be electronically submitted via the Association's Authorization Letter and authorized to sign Withdrawal Applications, web-based Portal "Client Connection". including by electronic means, for all Benin projects. Additional IfirnomtionIllnstructions] All withdrawals from the Financing Account shall be deposited by the Association into an account specified by the Recipient at the Central Bank -5- Attachment 1 Sample Form for Advances [Mini stry/Implementi ng Agency Letterhead] [Date] Loan Department - [name of Regional Center] The World Bank [address of regional center] Attention: [name of regional center team lead] Re: Republic of Benin Credit Number 7080-BJ and Grant Number E002-BJ Health System Enhancement Program Request for Advance Dear Sir/Madam, We refer to the Financing Agreement between the Association (the "Association") and [insert the name of the Recipient] (the "Recipient") dated [insert date] providing for the above Credit and Grant. In accordance with the provisions of the Disbursement and Financial Information Letter and Schedule _, Section _ _ of the Financing Agreement, to support the implementation of the above Program and to facilitate the achievement of the planned results, we request an Advance in the amount of [insert amount]'. [We request that the Advance be disbursed in [currency requested for disbursement] equivalent to the Total Advance Requested above]2 We acknowledge that the amount disbursed will be charged to the Credit and Grant Accounts in the currency of the Financing at the rate of exchange in effect at the time of disbursement. Sincerely, [insert Name, and Position]' The Proposed Advance should be in the currency of the DLI/DLR as set out in the disbursement table in the [Grant][Financing] Agreement, and in accordance with provisions in the Disbursement and Financial Information Letter. Normally, this is the currency of commitment of the [Grant][Credit]. 2 Use this text to designate the currency of the Advance if it should be different from the currency set out in the disbursement table in the [Grant][Financing] Agreement. To be signed by a representative of the implementing/coordinating agency of the Recipient, OR by the person(s) authorized on behalf of the Recipient to sign applications for withdrawal under the [Grant][Credit] as set out in the applicable Authorized Signatory Letter.