Amendment No. 1 to the Administration Agreement between the MasterCard Foundation and the
      International Bank for Reconstruction and Development and the International Development
      Association regarding the Global Financial Inclusion Multi-Donor Trust Fund (No. 073311)

1.      Reference is made to the Administration Agreement between the MasterCard Foundation (the
“Donor”) and the International Bank for Reconstruction and Development and the International
Development Association (collectively, the “Bank”, and together with the Donor, the “Parties” and each a
“Party”) regarding the Global Financial Inclusion Multi-Donor Trust Fund No. 073311 (the “Trust Fund”)
effective as of April 30, 2019 (the “Administration Agreement”).

2.       The Parties agree to amend the Administration Agreement as follows:

         (a)     Paragraph 5.1 of Annex 2 shall be deleted and replaced with the following:

         “5.1     It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank
         by October 31, 2023 (the "End Disbursement Date"). The Bank shall only disburse funds deposited
         in the Trust Fund for the purposes of this Administration Agreement (other than returns to Donors)
         after such date to the extent such date is changed in accordance with amendments made to the
         Administration Agreements of all the Donors. Following the End Disbursement Date, the Bank
         shall return any remaining balance of the Trust Fund to each Donor in the Holding Currency in the
         manner specified in its respective Administration Agreement on a pro rata basis with regard to the
         total funds deposited in the Trust Fund by such Donor relative to the total funds deposited in the
         Trust Fund by all Donors, all calculated as Holding Currency amounts.”

3.       All other terms of the Administration Agreement shall remain the same.

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4.       Each of the Parties represents, by confirming its agreement below, that it is authorized to enter into
this Amendment and act in accordance with these terms and conditions. The Parties are requested to sign
and date this Amendment, and upon possession by the Bank of this fully signed Amendment and respective
amendments signed by all other donors to the Trust Fund, this Amendment shall come into effect as of the
date of the last signature.


INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
INTERNATIONAL DEVELOPMENT ASSOCIATION


By:      _______________________________/s1/

         Carmen M. Reinhart
Name: _______________________________/n1/

Title:      Vice President and Chief Economist
         _______________________________    /t1/

Date:       13-Dec-2021
         _______________________________/d1/


MASTERCARD FOUNDATION


By:      _______________________________/s2/
        David Marlow
Name: _______________________________/n2/
            Chief Operations Officer
Title:   _______________________________/t2/
           18-Jan-2022
Date:    _______________________________/d2/




           Rosemary Nduhiu


           Director of Finance & Accounting

           19-Jan-2022




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