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The World Bank 
1818 H Street N.W. 
(202) 477-1234 
I
NTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
 
Washington, D.C.  20433 
Cable Address:  INTBAFRAD 
INTERNATIONAL DEVELOPMENT ASSOCIATION
 
U.S.A. 
Cable Address:  INDEVAS 
 
August 19, 2010 
CONFORMED COPY FOR PUBLIC DISCLOSURE 
Mr. Alejandro Foxley 
Executive Director 
Corporación de Estudios para Latinoamérica 
Dag Hammarskjöld 3269, piso 3 
Vitacura, Santiago  
Republic of Chile 
 
Re: 
LATIN AMERICA: IDF Grant for Latin America Development and 
Social Cohesion Project (Grant No. TF097262) 
 
Dear Mr. Foxley: 
 
In response to the request for financial assistance made on behalf of the 
Corporación de 
Estudios para Latinoamérica 
(CIEPLAN) (“Recipient”), I am pleased to inform you that the 
International Bank for Reconstruction and Development (“World Bank”) proposes to extend to 
the Recipient, for the benefit of the participating countries (the “Participating Countries”) (as 
defined in the Annex), a grant from the World Bank’s Institutional Development Fund (“IDF”) in an 
amount not to exceed four hundred sixty nine thousand nine hundred thirty five United States Dollars 
(US$469,935) (“Grant”) on the terms and conditions set forth or referred to in this letter agreement 
(“Agreement”), which includes the attached Annex, to assist in the financing of the project described 
in the Annex (“Project”).
 
The Recipient represents, by confirming its agreement below, that it is authorized to enter 
into this Agreement and to carry out the Project in accordance with the terms and conditions set forth 
or referred to in this Agreement. 
 
Please confirm the Recipient’s agreement to the foregoing by having an authorized 
official of the Recipient sign and date the enclosed copy of this Agreement, and returning it to the 
World Bank.  Upon receipt by the World Bank of this countersigned copy, this Agreement shall 
become effective as of the date specified by the World Bank in accordance with Article V of the 
Annex to this Agreement. 
 
Very truly yours, 
 
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 
 
By /s/ Elizabeth Adu 
Acting Vice President  
Latin America and the Caribbean Region 
 
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AGREED: 
 
CORPORACIÓN DE ESTUDIOS PARA LATINOAMÉRICA 
 
By: 
/s/ Alejandro Foxley  
 
Authorized Representative 
 
Title: President 
 
Date: September 
3, 
2010 
 
Enclosures
:
(1) 
Standard Conditions for Grants Made by the World Bank Out of Various Funds, 
dated July 1, 2008. 
 
(2) 
Disbursement Letter dated August 19, 2010, together with World Bank 
Disbursement Guidelines for Projects, dated May 1, 2006. 
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IDF Grant No. TF097262
 
ANNEX 
 
Article I 
Standard Conditions; Definitions 
 
1.01. 
Standard Conditions.
 
The Standard Conditions for Grants Made by the World Bank Out 
of Various Funds dated 
July 1, 2008 (“Standard Conditions”), with the modifications set forth in 
Section I of the Appendix to this Agreement, constitute an integral part of this Agreement. 
 
1.02. 
Definitions.  
Unless the context requires otherwise, the capitalized terms used in this 
Agreement have the meanings ascribed to them in the Standard Conditions or in this Agreement. 
 
(a)  
“
Corpora
ción de Estudios para Latinoamérica
”
or “CIEPLAN” means an academic 
institution established and operating under the Decree No. 1122 published in the Republic of Chile’s 
Official Gazette on October 17, 1975;  
 
(b) 
“Participating Country” means any of the Latin America and the Caribbean 
countries, selected by the World Bank to participate in the Project.  “Participating Countries” 
means all of said countries; and  
 
(c)  
“Participating NGO” means the nongovernmental organization in each one of the 
Participating Countries, acceptable to the World Bank, that will assist the Recipient in the 
implementation of the Project activities in the Participating Countries.  “Participating NGOs” means 
all of said organizations. 
 
Article II 
Project Execution 
 
2.01.   
Project Objectives and Description.
 
The objective of the Project is to build a post-crisis 
development agenda for the Participating Countries, through country-specific consensus in areas 
such as: (i) democratic governance; (ii) equal opportunities; (iii) competitiveness; and (iv) 
sustainable economic growth with social emphasis. The Project consists of the following parts:  
 
Part A:
Capacity Building for Policy Dialogues
Provision of technical assistance and training to: (a) identify stakeholders and Selected 
NGOs in the Participating Countries; (b) draft a timetable for workshops and related dissemination 
activities in the Participating Countries; (c) carry out the initial workshop, which will be hosted by 
CIEPLAN including representatives of the Participating Countries to further elaborate and prepare a 
report on the Participating Country’s main public policy priorities; (d) conduct research and prepare a 
series of papers on socioeconomic challenges in the Participating Countries; (e) organize wrap-up 
conferences in at least three Participating Countries to build and reinforce consensus on their own 
reform agenda and propose specific recommendations for policymakers; and (f) prepare a national 
development plan in a participatory manner with relevant stakeholders in each one of the 
Participating Countries.  
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Part B:
Communication Strategy
Provision of technical assistance to develop and implement a communication strategy aimed 
at: (a) the preparation of a regional agenda on specific country development issues; (b) the 
preparation of video news releases (VNRs), a website  and  opinion pieces on development issues in 
the Participating Countries, targeting international, regional and nation policymakers, academia, non-
government organizations, think tanks, and the media; (c) dissemination of the main messages and 
issues arising from individual country dialogues at national, regional and international levels through 
news coverage, websites; and (d) promotion of discussions among policymakers and civil society. 
 
Part C:
Audit
Carrying out of the audit of Grant activities. 
 
2.02. 
Project Execution Generally.
 
(a) The Recipient declares its commitment to the 
objectives of the Project.  To this end, the Recipient shall carry out the Project in accordance with 
the provisions of: (i) Article II of the Standard Conditions; (ii) the 
“Guidelines on Preventing and 
Combating Fraud and Corruption in Projects Financed by IBRD Loans and IDA Credits and 
Grants”, dated October 15, 2006 (“Anti-Corruption Guidelines”), with the modifications set forth 
in the Section II of the Appendix to this Agreement; (iii) this Article II; (iv) the Country 
Participation Agreements (as defined herein); and (v) the NGO Participation Agreements (as 
defined herein).  
 
(b) 
The Recipient shall promptly provide as needed, in kind contributions, 
inter alia
,
office facilities, counterpart staff time, and administrative support. 
 
(c)
 
The Recipient shall establish and thereafter maintain, until the completion of the 
Project an advisory council (the “Advisory Council”), comprised of  individuals with background 
in post-crisis development, with functions which shall be acceptable to the Bank, including 
inter 
alia
:
(i) providing the Recipient, throughout the life of the Project, overall guidance during  
implementation; (ii)  participating in the Project’s training activities, workshops and conferences; 
and (iii) overseeing progress in achieving the objectives of the Project, proposing solutions to 
overcome any obstacles that may impede the successful completion of Project activities. 
(d) 
To facilitate the carrying out of the Project, the Recipient shall enter into, and 
thereafter maintain an agreement with a selected and acceptable entity in each Participating 
Country (the “Country Participation Agreement”), under terms and conditions acceptable to the 
World Bank, including provisions of the Anticorruption Guidelines with the modifications set 
forth in the Section II of the Appendix to this Agreement. 
(e)
 
The Recipient shall exercise its rights under each Country Participation 
Agreement in such manner as to fulfill the obligations of the Recipient and the World Bank to 
accomplish the purposes of the Grant Agreement.  Except as the World Bank shall otherwise 
agree, the Recipient shall not assign, amend, abrogate
 
or
waive any of the provisions of the 
Country Participation Agreement. 
(f) 
To facilitate the carrying out of the Project, the Recipient shall enter into, and 
thereafter maintain, an agreement with each Participating NGOs (the “NGO Participation 
Agreement”), under terms and conditions acceptable to the World Bank, including provisions of 
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the Anticorruption Guidelines with the modifications set forth in the Section II of the Appendix to 
this Agreement. 
(g)
 
The Recipient shall exercise its rights under each NGO Participation Agreement 
in such manner as to fulfill the obligations of the Recipient and the World Bank to accomplish the 
purposes of the Grant Agreement.  Except as the World Bank shall otherwise agree, the Recipient 
shall not assign, amend, abrogate
 
or waive any of the provisions of the NGO Participation 
Agreement. 
 
2.03. 
Project Monitoring, Reporting and Evaluation.  
(a)  The Recipient shall monitor and 
evaluate the progress of the Project and, upon the World Bank’s request, prepare Project Reports, 
in accordance with the provisions of Section 2.06 of the Standard Conditions and on the basis of 
the indicators set forth below in paragraph (b) of this Section. Each Project Report shall cover 
such period as shall be indicated in the World Bank’s request and shall be furnished to the World 
Bank not later than one month after the date of such request. 
 
(b) 
The performance indicators referred to above in paragraph (a) consist of the 
following: 
 
(i)  
Preparation of at least three (3) development cohesion action plans by the 
Recipient with the cooperation of Selected NGOs by June 30, 2011. 
 
(ii) 
Have at least 500 visits/hits to CIEPLAN’s new website by June 30, 
2011. 
 
(c) 
The Recipient shall, upon the World Bank’s request, prepare the Completion 
Report in accordance with the provisions of Section 2.06 of the Standard Conditions.  The 
Completion Report shall be furnished to the World Bank not later than five months after the 
Closing Date. 
 
2.04. 
Financial Management.
 
(a) 
The Recipient shall ensure that a financial management 
system is maintained in accordance with the provisions of Section 2.07 of the Standard 
Conditions. 
 
(b) 
The Recipient shall ensure that interim unaudited financial reports for the Project 
are prepared and furnished to the World Bank not later than one month after the end of each 
calendar quarter, covering the quarter, in form and substance satisfactory to the World Bank. 
 
(c) 
The Recipient shall have its Financial Statements audited in accordance with the 
provisions of Section 2.07 (b) of the Standard Conditions.  Each audit of the Financial Statements 
shall cover the period of one fiscal year of the Recipient. The audited Financial Statements for 
such period shall be: (i) furnished to the World Bank not later than three months after the end of 
such period; and (ii) made publicly available in a timely fashion and in a manner acceptable to the 
World Bank. 
 
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2.05. 
Procurement. 
 
(a) General
.
All goods and services required for the Project and to be financed out 
of the proceeds of the Grant shall be procured in accordance with the requirements set forth or 
referred to in: 
 
(i) 
Section I (excluding paragraph 1.16) of the “Guidelines: Procurement 
under IBRD Loans and IDA Credits” published by the World Bank in 
May 2004 and revised in October 2006 and May 2010 (“Procurement 
Guidelines”), in the case of goods; and 
 
(ii) 
Sections I (excluding paragraph 1.24) and IV of the “Guidelines: 
Selection and Employment of Consultants by World Bank Borrowers” 
published by the World Bank in May 2004 and revised in October 2006 
and May 2010 (“Consultant Guidelines”) in the case of consultants’ 
services. 
 
(b) Definitions
.
The capitalized terms used in the following paragraphs of this 
Section to describe particular procurement methods or methods of review by the World Bank of 
particular contracts, refer to the corresponding method described in the Procurement Guidelines, 
or the Consultant Guidelines, as the case may be. 
 
(c) 
Particular Methods of Procurement of Goods and Non-consultant Services
.
Goods and Non-consultant Services shall be procured under contracts awarded on the basis of 
Shopping.
 
(d)  
Particular Methods of Procurement of Consultants’ Services
(i) 
Except as otherwise provided in item (ii) below, consultants’ services 
shall be procured under contracts awarded on the basis of Quality- and 
Cost-based Selection.
 
(ii) 
The following methods may be used for the procurement of consultants’ 
services for those assignments which the World Bank agrees meet the 
requirements set forth in the Consultant Guidelines for their use:  (A) 
Quality-based Selection; (B) Selection under a Fixed Budget; (C) Least 
Cost Selection; (D) Selection based on Consultants’ Qualifications; (E) 
Single-source Selection; (F) Selection of Individual Consultants; and (G) 
Sole Source Procedures for the Selection of Individual Consultants.   
 
(e) 
Review by the World Bank of Procurement Decisions
.
Except as the World 
Bank shall otherwise determine by notice to the Recipient, the first contract to be awarded in 
accordance with each procurement method shall be subject to Prior Review by the World Bank.  
All other contracts shall be subject to Post Review by the World Bank.
 
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Article III 
Withdrawal of Grant Proceeds 
 
3.01. 
Eligible Expenditures.
 
The Recipient may withdraw the proceeds of the Grant in 
accordance with the provisions of: (a) Article III of the Standard Conditions; (b) this Section; and 
(c) such additional instructions as the World Bank may specify by notice to the Recipient 
(including the “World Bank Disbursement Guidelines for Projects” dated May 2006, as revised 
from time to time by the World Bank and as made applicable to this Agreement pursuant to such 
instructions), to finance Eligible Expenditures as set forth in the following table.  The table 
specifies the categories of Eligible Expenditures that may be financed out of the proceeds of the 
Grant (“Category”), the allocations of the amounts of the Grant to each Category, and the 
percentage of expenditures to be financed for Eligible Expenditures in each Category: 
 
For the purposes of this Section, the term “Training/Workshops” means reasonable non-
consultant costs incurred in connection with the provision of training and workshops conducted 
under the Project in the territory of the Participant Countries, including printing, purchase and 
publication of materials, coffee and lunch services, rental of facilities and equipment, and travel 
and subsistence of trainees, and workshop organizers but excluding salaries of the Recipient’s 
staff and civil service. 
3.02. 
Withdrawal Conditions.
 
Notwithstanding the provisions of Section 3.01 of this 
Agreement, no withdrawal shall be made for payments made prior to the date of countersignature 
of this Agreement by the Recipient, except that, withdrawals up to an aggregate amount not to 
exceed $93,987 equivalent may be made for payments made prior to this date but on or after June 
1, 2010 for Eligible Expenditures under Category (2) and (3).  
Category 
Amount of the Grant 
Allocated  
(expressed in US Dollars) 
Percentage of 
Expenditures to be 
Financed 
(inclusive of Taxes) 
 
(1) Goods 
 
12,400 
100% 
(2) Consultants’ services 
  
399,519 
100% 
(3) Training/Workshops 
 
48,016 100% 
(4) Audit 
 
10,000 
100% 
TOTAL AMOUNT 
 
469,935 
 
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3.03. 
Withdrawal Period.
 
The Closing Date referred to in Section 3.06 (c) of the Standard 
Conditions is three years after the date of countersignature of this Agreement by the Recipient. 
Article IV 
Additional Remedies 
 
4.01. 
Additional Event of Suspension.
 
The Additional Event of Suspension referred to in 
Section 4.02 (k) of the Standard Conditions consists of the following, namely that any 
Participating Country has ceased to be a member of the World Bank or has been affected in a 
manner that negatively impacts the implementation of the Project activities.  
 
Article V 
Effectiveness 
 
5.01. 
This Agreement shall not become effective until evidence satisfactory to the World Bank 
has been furnished to the World Bank that the conditions specified below have been satisfied, 
namely that the execution and delivery of this Agreement on behalf of the Recipient have been 
duly authorized or ratified by all necessary governmental and corporate action. 
5.02. 
As part of the evidence to be furnished pursuant to Section 5.01, there shall be furnished 
to the World Bank an opinion or opinions satisfactory to the World Bank of counsel acceptable to 
the World Bank showing that this Agreement has been duly authorized or ratified by the 
Recipient, and executed and delivered on its behalf and it is legally binding, in accordance with 
its terms.  
5.03. 
Except as the Recipient and the World Bank shall otherwise agree, this Agreement shall 
enter into effect on the date upon which the World Bank dispatches to the Recipient notice of its 
acceptance of the evidence required pursuant to Section 5.01 (“Effective Date”).  If, before the 
Effective Date, any event has occurred which would have entitled the World Bank to suspend the 
right of the Recipient to make withdrawals from the Grant Account if this Agreement had been 
effective, the World Bank may postpone the dispatch of the notice referred to in this Section until 
such event (or events) has (or have) ceased to exist.  
Article VI 
Termination 
 
6.01. 
Termination for Failure to Become Effective
.
This Agreement and all obligations of the 
parties under it shall terminate if it has not entered into effect within 90 days after its signature, 
unless the World Bank, after consideration of the reasons for the delay, establishes a later date for 
the purposes of this Section. The World Bank shall promptly notify the Recipient of such later 
date. 
6.02. 
Termination for Lack of Implementation or Disbursement.
 
This Agreement and all 
obligations of the parties under it shall terminate if the Grant has not been implemented or has not 
disbursed any funds by February 17, 2010, unless the World Bank, after consideration of the 
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reasons for the delay, establishes a later date for the purpose of this Section.
 
The World Bank 
shall promptly notify the Recipient of such later date. 
 
Article VII 
Recipient’s Representative; Addresses 
 
7.01. 
Recipient’s Representative
.
The Recipient’s Representative referred to in Section 7.02 
of the Standard Conditions is its Executive Director. 
7.02. 
Recipient’s Address
.
The Recipient’s Address referred to in Section 7.01 of the Standard 
Conditions is: 
Corporación de Estudios para Latinoamérica 
Dag Hammarskjöld 3269, piso 3 
Vitacura, Santiago  
Republic of Chile  
 
Telephone: (56-2) 796-5660 
Facsimile:   (56-2) 426-9989
 
7.03. 
World Bank’s Address
.
The World Bank’s Address referred to in Section 7.01 of the 
Standard Conditions is: 
 
International Bank for Reconstruction and Development 
 
1818 H Street, N.W. 
Washington, D.C. 20433 
 
United States of America 
 
Cable: 
  Telex: 
  Facsimile: 
 INTBAFRAD 
 248423 
(MCI) 
or 1-202-477-6391 
 
Washington, D.C. 
64145 (MCI) 
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APPENDIX 
 
Modifications to the Standard Conditions and the Anti-Corruption Guidelines 
 
Section I.
 
The Standard Conditions are modified as follows:   
 
1. 
The provisions of Section 4.02 (j) of the Standard Conditions are modified to 
read as follows: 
 
(j) 
Ineligibility
.
IBRD or IDA has declared the Recipient (other than the Member 
Country) ineligible to receive proceeds of any financing made by IBRD or IDA or 
otherwise to participate in the preparation or implementation of any project financed in 
whole or in part by IBRD or IDA, as a result of: (i) a determination by IBRD or IDA that 
the Recipient has engaged in fraudulent, corrupt, coercive or collusive practices in 
connection with the use of the proceeds of any financing made by IBRD or IDA; and/or 
(ii) a declaration by another financier that the Recipient is ineligible to receive proceeds 
of financings made by such financier or otherwise to participate in the preparation or 
implementation of any project financed in whole or in part by such financier as a result of 
a
determination by such financier that the Recipient has engaged in fraudulent, corrupt, 
coercive or collusive practices in connection with the use of the proceeds of a financing 
made by such financier.
”
2. 
The reference to “Member Country” in the Standard Conditions means any of the 
Participating Countries. 
Section II.
 
The modifications to the Anti-Corruption Guidelines are as follows:
 
1.  
Section 5 is re-numbered as Section 5(a) and a new Section 5(b) is added to read as 
follows: 
 
“…(b)  These Guidelines also provide for the sanctions and related actions to be imposed 
by the Bank on Borrowers (other than the Member Country) and all other individuals or 
entities who are recipients of Loan proceeds, in the event that the Borrower or the 
individual or entity has been debarred by another financier as a result of a determination 
by such financier that the Borrower or the individual or entity has engaged in fraudulent, 
corrupt, coercive or collusive practices in connection with the use of the proceeds of a 
financing made by such financier.” 
 
2. 
Section 11(a) is modified to read as follows: 
 
“… (a)  sanction in accordance with prevailing Bank’s sanctions policies and procedures 
(fn13) a Borrower (other than a Member Country) (fn 14) or an individual or entity, 
including (but not limited to) declaring such Borrower, individual or entity ineligible 
publicly, either indefinitely or for a stated period of time: (i) to be awarded a Bank-
financed contract; (ii) to benefit from a Bank-financed contract, financially or otherwise, 
for example as a sub-contractor; and (iii) to otherwise participate in the preparation or 
implementation of the project or any other project financed, in whole or in part, by the 
Bank, if at any time the Bank determines (fn 15) that such Borrower, individual or entity 
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has engaged in corrupt, fraudulent, collusive, coercive or obstructive practices in 
connection with the use of loan proceeds, or if another financier with which the Bank has 
entered into an agreement for the mutual enforcement of debarment decisions has 
declared such person or entity ineligible to receive proceeds of financings made by such 
financier or otherwise to participate in the preparation or implementation of any project 
financed in whole or in part by such financier as a result of a determination by such 
financier that the Borrower or the individual or entity has engaged in fraudulent, corrupt, 
coercive or collusive practices in connection with the use of the proceeds of a financing 
made by such financier.” 
 
Footnotes:
“13. An individual or entity may be declared ineligible to be awarded a Bank financed contract upon 
completion of sanctions proceedings pursuant to the  Bank’s sanctions policies and procedures, or under the 
procedures of temporary suspension or early temporary suspension in connection with an ongoing sanctions 
proceeding, or following a sanction by another financier with whom the Bank has entered into a cross 
debarment agreement, as a result of a determination by such financier that the firm or individual has engaged 
in fraudulent, corrupt, coercive or collusive practices in connection with the use of the proceeds of a 
financing made by such financier.” 
 
“14. Member Country includes officials and employees of the national government or of any of its political or 
administrative subdivisions, and government owned enterprises and agencies that are not eligible to bid under 
paragraph 1.8(b) of the Procurement Guidelines or participate under paragraph 1.11(c) of the Consultant 
Guidelines.” 
 
“15. The Bank has established a Sanctions Board, and related procedures, for the purpose of making such 
determinations. The procedures of the Sanctions Board sets forth the full set of sanctions available to the 
Bank. In addition, the Bank has adopted an internal protocol outlining the process to be followed in 
implementing debarments by other financiers, and explaining how cross-debarments will be posted on the 
Bank’s website and otherwise be made known to staff and other stakeholders.”