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The World Bank 
1818 H Street N.W. 
(202) 477-1234 
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
 
Washington, D.C.  20433 
Cable Address:  INTBAFRAD 
I
NTERNATIONAL DEVELOPMENT ASSOCIATION
 
U.S.A. 
Cable Address:  INDEVAS 
 
January 22, 2003 
 
His Excellency 
Lic. Eduardo Montealegre Rivas 
Minister of Finance and Public Credit 
Ministry of Finance and Public Credit 
Frente al Edificio de la Asamblea Nacional 
Managua, Nicaragua 
 
Re: 
 
NICARAGUA: GEF-PPG TF050821 (Grant for the Preparation of the 
Off-Grid Rural Electrification Development Project) 
 
Amendment to Letter Agreement
Dear Sir: 
 
Please refer to the Letter Agreement  between the International Bank for Reconstruction and 
Development (the Bank) acting as an Implementing Agency of the GEF and the Republic of 
Nicaragua (the Recipient) dated April 10, 2002, with regard to the referenced Project. 
 
We are pleased to inform you that, pursuant to your request, the Association agrees to: (a) 
increase the financing percentage: (i) for international consultants, hired for six months or less, from 
85% to 100%; and (ii) local consultants and, international consultants hired for longer than six 
months, from 85% to 91%; (b) to make both increases retroactive as follows: (a) (i) to December 
17, 2002 and (a) (ii) to August 21, 2002, respectively; and (c) to extend the Closing Date until April 
30, 2003. 
 
Therefore, the table under paragraph 4.2 of the Letter Agreement is amended as reflected in 
the Annex to this Letter. 
 
Please confirm your agreement to the foregoing amendments by signing and dating this letter 
in the spaces provided below.  This Letter of Amendment will be executed in two counterparts, each 
of which shall be an original. 
 
Upon your confirmation, please return one fully executed original to us.  The provisions of 
this Letter of Amendment will become effective as of the date of this letter upon receipt by the 
Bank of one fully executed original of this Letter. 
 
Very truly yours, 
 
INTERNATIONAL BANK FOR 
RECONSTRUCTION AND DEVELOPMENT 
 
By /s/ Jane Armitage 
Director 
Central America Country Management Unit 
Latin America and the Caribbean Region 
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AGREED: 
REPUBLIC OF NICARAGUA
 
By:  /s/ Eduardo Montealegre R. 
 
Minister of Finance and Public Credit 
 
Date: January 28, 2003 
 
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ANNEX 
 
Amount of 
% of 
 
the Grant Allocated  
Expenditures to 
 Category
(in U.S. Dollars)
be Financed
(1) 
Consultants� 310,000 
100% 
for 
international 
 Services 
 
consultants 
hired 
for 
 
six months or less; and 
 
91%
for local 
 
consultants and inter- 
 
national consultants 
 
hired for more than six 
 
months 
 
(2) 
Goods 
10,000 
100% of foreign  
 
expenditures; 100% of 
 
local expenditures (ex 
 
factory cost); and 85% 
 
of
local expenditures for 
 
other items procured 
 
locally
.
(3) Operating 
Costs 
30,000 
100% 
 and 
Audits 
 
______ 
 
TOTAL 350,000