OFFICIAL DOCUMENTS y RECOMMENDATION OF STATUTORY COMMITTEE TO: The President, International Development Association Recommendation of the Committee under Section 1 (d) of Article V of the Articles of Agreement on the proposed Credit (Energy Efficiency Project) to Bosnia and Herzegovina. The undersigned Committee constituted under Section 1 (d) of Article V of the Articles of Agreement of International Development Association (the Association) hereby submits its recommendation pursuant to said Section in respect of the proposal that the Association grant to Bosnia and Herzegovina a credit in an amount equivalent to twenty million eight hundred thousand Special Drawing Rights (SDR 20,800,000). The purpose of said credit is to demonstrate the benefits of energy efficiency improvements in public sector buildings and support the development of scalable energy efficiency financing models. 1. The Committee has carefully studied the merits of the proposal to grant such a credit, and of the purpose(s) to which the proceeds of the credit are to be applied. 2. The Committee is of the opinion that the project toward the financing of which the proceeds of such credit are to be applied comes within the purposes of the Association as set forth in Article I of said Articles of Agreement, and that said project is designed to promote the economic development of Bosnia and Herzegovina and is of high developmental priority in the light of the needs of Bosnia and Herzegovina. -2- BOSNIA AND HERZEGOVINA Energy Efficiency Project 3. Accordingly, the Committee finds that said project merits financial assistance from the Association, and hereby recommends said project for such assistance. COMMITTEE Senior Vice President andGiroup General Counsel No inee se ted by Governor for the Bosnia and Herzegovina p Regional Vice President Europe and Central Asia Dated at Washington, D.C. A Iac * 3-'01