13-Jan-2025 Date: _____________ H.E. Nadia Fettah Ministre de l’Economie et des Finances Ministère de l’Economie et des Finances Quartier Administratif Avenue Mohammed V Rabat Kingdom of Morocco Re: IBRD Loan No. 97490-MA (Municipal Solid Waste Management Program) Additional Instructions: Disbursement and Financial Information Letter Excellency: I refer to the Loan Agreement between the Kingdom of Morocco (“Borrower”) and the International Bank for Reconstruction and Development (“Bank”) for the above-referenced Operation. The General Conditions, as defined in the Loan Agreement, provide that the Borrower may from time-to-time request withdrawals of Loan amounts from the Loan Account in accordance with the Disbursement and Financial Information Letter, and such additional instructions as the Bank may specify from time to time by notice to the Borrower. The General Conditions also provide that the Disbursement and Financial Information Letter may set out Operation 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 Loan Funds, and Reporting of Uses of Loan Funds for the Program and Project (i) Disbursement Arrangements The table in Schedule 1 sets out the disbursement methods which may be used by the Borrower, information on registration of authorized signatories, processing of Withdrawal Applications (including processing of advances), instructions on supporting documentation, and reporting of advances. For the Project The Disbursement Guidelines for Investment Project Financing, dated February 2017 (“Disbursement Guidelines”), are available in the Bank’s public website at https://www.worldbank.org and its secure website “Client Connection” at https://clientconnection.worldbank.org. The Disbursement Guidelines are an integral part of the DFIL, and the manner in which the provisions in the Disbursement Guidelines apply to the Loan is specified below. (ii) Withdrawal Applications (Electronic Delivery) 1 The Borrower will deliver Withdrawal Applications (with supporting documents, “Applications”) electronically through the Bank’s web-based portal “Client Connection” at https://clientconnection.worldbank.org. This option will be effectived after the officials designated in writing by the Borrower who are authorized to sign and deliver Applications have registered as users of “Client Connection”. The designated officials will deliver Applications electronically by completing the Form 2380, which is accessible through “Client Connection”. By signing the Authorized Signatory Letter, the Borrower confirms that it is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to the Bank by electronic means. The Borrower may exercise the option of preparing and delivering Applications in paper form on exceptional cases (including those where the Borrower encounters legal limitations), and which were previously agreed with the Bank. By designating officials to use SIDC and by choosing to deliver the Applications electronically, the Borrower 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 Bank's public website at https://www.worldbank.org and “Client Connection” at https://clientconnection.worldbank.org; and (b) to cause such officials to abide by those terms and conditions. (iii) Disbursement Linked Results (DLRs) (Program only) The Borrower shall through Ministry of Interior deliver Applications of amounts of the Loan allocated to individual Disbursement Linked Results (“DLRs”) may, pursuant to the provisions of Section IV of Schedule 2 of the Loan Agreement, be sent to the Bank at any time after the Bank has notified the Borrower in writing that it has accepted evidence of achievement of the specific DLRs. (iv) Withdrawal Amount for the Program The Application may be for an amount not to exceed the amount of the Loan confirmed by the Bank for the specific DLRs in respect of which the withdrawal is requested, as specified in the Bank’s notice to the Borrower. (vi) Advances and Recovery of Advances for the Program 2 The Borrower may, in accordance with provisions of the Loan Agreement, request advances of amounts of the Loan allocated to DLIs/DLRs that have not yet been achieved using the Form attached (Attachment 2). The Bank records an amount of the advance as disbursed for an achieved DLR (“recovered”) after it has notified the Borrower 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. II. Financial Reports and Audits 3 (i) For the Program 1 Section 10.01(c) of the General Conditions 2 Advances and Recovery of Designated Account(s)/advances for the project, please ref to Disbursement Guidelines section 5 and 6. 3 Section 5.09 of the General Conditions  Financial Reports The interim unaudited financial reports (“IFRs”) for the Program are not required.  Audits Each audit of the Financial Statements must cover the period of one (1) fiscal year of the Borrower, 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 by the Borrower not later than nine (9) months after the end of such period. (ii) For the Project  Financial Reports The Borrower must prepare and furnish to the Bank not later than 60 days after the end of each calendar semester, interim unaudited financial reports (“IFRs”) for the Project covering the se mester.  Audits Each audit of the Financial Statements must cover the period of one (1) fiscal year of the Borrower, 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. III. Other Important Information For additional information on disbursement arrangements, please refer to the Loan Handbook available on the Bank’s public website at https://www.worldbank.org and “Client Connection” at https://clientconnection.worldbank.org. The Bank 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 Loan, 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 Bank by email at AskLoans@WorldBank.org using the above reference. Yours sincerely, ______________________________ Ahmadou Moustapha Ndiaye Country Director Kingdom of Morocco Middle East and North Africa Attachments 1. Form of Authorized Signatory Letter 2. For the Program - Sample Form for Advances 3. Statement of Expenditure (SOE) Schedule 1: Disbursement Provisions A. Basic Information Country KINGDOM OF MOROCCO Closing Date Section IV B 4 of Schedule 2 to Loan Borrower Ministry of Economy and Finance the Loan Agreement. 97490-MA Number Name of the Municipal Solid Waste Management Disbursement Six (6) months after the closing Operation Program Deadline Date date. B. Disbursement Methods and Supporting Documentation  Under the Program Disbursement Methods Methods Supporting Documentation Reimbursement (DLI Yes Confirmation issued by the Bank payment for achieved results) Advance Yes Request in the format provided in Attachment 2 of the DFIL or via Client Connections  Under the Project Disbursement Methods Methods Supporting Documentation Reimbursement Yes Statement of Expenditure (SOE) in the format provided in Attachment 3 of the DFIL or via Client connections Advance (into a Designated Yes Statement of Expenditure (SOE) in the format provided in Attachment 3 of the DFIL Account) or via Client connections Direct Payment Yes Payment justification C. Advances  Under the Program Financial Institution - Bank Al-Maghrib. Limit EUR 53,534,000 Name EUR Currency  Under the Project Type and Management Unit Segregated - managed by Ministry of Economy and Finance Ceiling Fixed Financial Institution - Bank Al-Maghrib EUR Currency Name Frequency of Reporting 1 Each semester. Amount 500,000 D. Other Instructions The form for Authorized Signatory Letter is provided in Attachment 1 of this letter. The ASL and all Withdrawal Applications with their supporting documentation will be submitted electronically via the Bank’s “Client Connection” system. The minimum amount to be requested for Reimbursement, Direct Payment and Special Commitments is 100,000 Euros. 1 Subsection 6.3 of Disbursement Guidelines Attachment 1 Form of Authorized Signatory Letter [Letterhead] Ministry of Finance [Street address] [DATE] The World Bank 1818 H Street, N.W. Washington, D.C. 20433 United States of America Attention: [Country Director]1 Re: IBRD Loan ___-MA Morocco Municipal Solid Waste Management Support Program I refer to the Loan Agreement between the International Bank for Reconstruction and Development (“Bank”) and [name of borrower] (“Borrower”), providing the above Loan. For the purposes of Section 2.03 of the General Conditions as defined in the Agreement, any 2[one] of the persons whose authenticated specimen signatures appear below is authorized on behalf of the Borrower to sign Withdraw Applications ("Applications") under this Loan. For the purpose of delivering Applications to the Bank, 3[each] of the persons whose authenticated specimen signatures appears below is authorized on behalf of the Borrower, acting 4[individually] 5[jointly], to deliver Applications, and evidence in support thereof on the terms and conditions specified by the Bank. This confirms that the Borrower is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to the Bank by electronic means. In full recognition that the Bank shall rely upon such representations and warranties, including without limitation, the representations and warranties contained in the Terms and Conditions of Use of Secure Identification Credentials in connection with Use of Electronic Means to Process Applications and Supporting Documentation (“Terms and Conditions of Use of SIDC”), the Borrower represents and warrants to the Bank that it will cause such persons to abide by those terms and conditions. This Authorization replaces and supersedes any Authorization currently in the Bank records with respect to this Agreement. 1 Instruction to Bank staff: please forward this letter to Country Lawyer for further processing (Borrower: please do not delete this note). 2 Instruction to the Borrower: Stipulate if more than one person needs to sign Applications, and how many or which positions, and if any thresholds apply. Please delete this footnote in final letter that is sent to the Bank. 3 Instruction to the Borrower: Stipulate if more than one person needs to jointly sign Applications, if so, please indicate the actual number. Please delete this footnote in final letter that is sent to the Bank. 4 Instruction to the Borrower: Use this bracket if any one of the authorized persons may sign; if this is not applicable, please delete. Please delete this footnote in final letter that is sent to the Bank. 5 Instruction to the Borrower: Use this bracket only if several individuals must jointly sign each Application; if this is not applicable, please delete. Please delete this footnote in final letter that is sent to the Bank. [Name], [position] Specimen Signature: ____________________ [Name], [position] Specimen Signature: ____________________ [Name], [position] Specimen Signature: ____________________ Yours truly, / signed / ______________ [Position] Attachment 2 Sample Form for Advances [Ministry/Implementing Agency Letterhead] [Date] Loan Department – [name of Regional Center] The World Bank [address of regional center] Attention: [name of regional center team lead] Subject: Re: IBRD Loan ___-MA Municipal Solid Waste Management Support Program -Request for Advance Dear Sir/Madam, We refer to the Loan Agreement between the International Bank for Reconstruction and Development (“Bank”) and [insert the name of the Borrower] (“Borrower”) providing for the above Loan. In accordance with the provisions of the Disbursement Letter and Schedule ___, Section __________ of the Loan 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] 1. [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 Loan Account in the currency of the Financing at the rate of exchange in effect at the time of disbursement. Sincerely, [insert Name, and Position]3 1 The Proposed Advance should be in the currency of the DLI/DLR as set out in the disbursement table in the Loan Agreement, and in accordance with provisions in the Disbursement and Financial Information Letter. Normally, this is the currency of commitment of the loan. 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 Loan Agreement. 3 To be signed by a representative of the implementing/coordinating agency of the Borrower, OR by the person(s) authorized on behalf of the Borrower to sign applications for withdrawal under the loan as set out in the applicable Authorized Signatory Letter. Attachment 3 – Statement of Expenditures Payments made during the period from ________________ to ______________ Loan No.: Application No.: Category No.: SOE No.: 1 2 3 4 5 6 7 8 9 10 11 Supplier’s WB Type of Good or Currency and Total Currency and % Financed Amount Currency and Exchange Date of Remarks Name Contract Service Amount, and Date of Total Amount by Eligible Amount Paid Rate Payment Number in (CW/GO/CS/OP/TR) Contract of Invoice IBRD/IDA/TF for from Client / Brief Description Covered by Financing Designated Connection Application (5 x 6) Account (if (for Prior Applicable) Review Contracts) TOTALS Supporting documents for this SOE retained at ___________________________________________ (location)