ORIGINAL GPE GRANT NUMBER TFB7569
ADDITIONAL GPE GRANT NUMBER TF0C4851
Global Partnership for Education
Grant Agreement
(Providing Additional Financing and Amending and Restating the Original Grant
Agreement for Cambodia General Education Improvement Project)
between
KINGDOM OF CAMBODIA
and
INTERNATIONAL BANK FOR RECONSTRUCTION
AND DEVELOPMENT / INTERNATIONAL DEVELOPMENT ASSOCIATION
(Acting as Grant Agent of the Global Partnership for Education)
ORIGINAL GPE GRANT NUMBER TFB7569
ADDITIONAL GPE GRANT NUMBER TF0C4851
GLOBAL PARTNERSHIP FOR EDUCATION
GRANT AGREEMENT
AGREEMENT dated as of the Signature Date between KINGDOM OF CAMBODIA
(“Recipient”) and INTERNATIONAL BANK FOR RECONSTRUCTION AND
DEVELOPMENT/INTERNATIONAL DEVELOPMENT ASSOCIATION (“Bank”),
acting as a grant agent of the Global Partnership for Education.
WHEREAS (A) under an agreement of the same date herewith between the
Recipient and the Association, the Association has agreed to extend to the Recipient a
credit in an amount of fifty-one million five hundred thousand Euros (EUR51,500,000)
(“Original Credit”) and a credit in an amount of forty-five million four hundred thousand
Special Drawing Rights (SDR45,400,000) (“Financing Agreement”) to assist in financing
the project described in Schedule 1 to the Financing Agreement (“Project”);
(B) under a Global Partnership for Education Grant Agreement (“Original
Grant Agreement”) dated March 2, 2022, between the Recipient and the Bank, acting as
Grant Agent of the Global Partnership for Education for the Original Project, the Bank
agreed to provide the Recipient with a grant (“Original Grant”) in an amount equal to nine
million two hundred fifty thousand United States Dollars ($9,250,000) to assist in financing
the Project; and
(C) the Recipient has requested the Bank to provide additional financial
assistance in support of additional activities related to the Project, and the Bank, acting as
Grant Agent of Global Partnership for Education, has agreed, on the basis, inter alia, of
the foregoing to extend such additional financial assistance to the Recipient upon the terms
and conditions set forth in this Agreement.
NOW THEREFORE, the Recipient and the Bank hereby agree to amend and
restate the Original Grant Agreement, with effect from the Effective Date of this
Agreement, to read as follows:
Article I
Standard Conditions; Definitions
1.01. The Standard Conditions (as defined in the Appendix to this Agreement) apply to
and form part of this Agreement.
1.02. Unless the context requires otherwise, the capitalized terms used in this Agreement
have the meanings ascribed to them in the Standard Conditions, the Financing
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Agreement, or in this Agreement (including the Preamble and the Appendix
thereto).
Article II
The Project
2.01. The Recipient declares its commitment to the objective of the project described in
Schedule 1 to this Agreement (“Project”). To this end, the Recipient shall carry out
the Project, through MOEYS, in accordance with the provisions of Article II of the
Standard Conditions, Schedule 2 to this Agreement, and the Financing Agreement.
Article III
The Grant
3.01. The Bank agrees to extend to the Recipient the following grants (“Grant”) to assist
in financing the Project:
(a) the Original Grant in an amount not to exceed nine million two hundred
fifty thousand United States Dollars ($9,250,000); and
(b) the Additional Grant in an amount not to exceed nineteen million five
hundred thousand United States Dollars ($19,500,000).
3.02. The Recipient may withdraw the proceeds of the Grant in accordance with Section
II of Schedule 2 to this Agreement.
3.03. The Grant is funded out of the abovementioned trust fund for which the Bank receives
periodic contributions from the donors to the trust fund. In accordance with Section
3.02 of the Standard Conditions, the Bank’s payment obligations in connection with
this Agreement are limited to the amount of funds made available to it by the donors
under the abovementioned trust fund, and the Recipient’s right to withdraw the Grant
proceeds is subject to the availability of such funds.
Article IV
Effectiveness; Termination
4.01. This Agreement shall not become effective until evidence satisfactory to the Bank
has been furnished to the Bank that the conditions specified below have been
satisfied:
(a) The execution and delivery of this Agreement has been duly authorized by
all necessary actions and delivered on behalf of the Recipient;
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(b) The Financing Agreement has been executed and delivered and all
conditions precedent to its effectiveness or to the right of the Recipient to
make withdrawals under it (other than the effectiveness of this Agreement)
have been fulfilled; and
(c) The Recipient, through the MOEYS, has updated the Project Operations
Manual in form and substance satisfactory to the Bank.
4.02. As part of the evidence to be furnished pursuant to Section 4.01(a), there shall be
furnished to the Bank an opinion or opinions satisfactory to the Bank of counsel
acceptable to the Bank or, if the Bank so requests, a certificate satisfactory to the
Bank of a competent official of the Recipient, showing, on behalf of the Recipient,
that this Agreement has been duly authorized or ratified by, and executed and
delivered on its behalf and is legally binding upon it in accordance with its terms.
4.03. Except as the Recipient and the Bank shall otherwise agree, this Agreement shall
enter into effect on the date upon which the Bank dispatches to the Recipient notice
of its acceptance of the evidence required pursuant to Section 4.01 (“Effective
Date”). If, before the Effective Date, any event has occurred which would have
entitled the Bank to suspend the right of the Recipient to make withdrawals from
the Grant Account if this Agreement had been effective, the Bank may postpone
the dispatch of the notice referred to in this Section until such event (or events) has
(or have) ceased to exist.
4.04. This Agreement and all obligations of the parties under it shall terminate if it has
not entered into effect by the date ninety (90) days after the date of this Agreement,
unless the Bank, after consideration of the reasons for the delay, establishes a later
date for the purpose of this Section. The Bank shall promptly notify the Recipient
of such later date.
Article V
Recipient’s Representative; Addresses
5.01. The Recipient’s Representative referred to in Section 7.02 of the Standard
Conditions is its Minister of Finance.
5.02. For purposes of Section 7.01 of the Standard Conditions:
(a) The Recipient’s address is:
Ministry of Economy and Finance
Street 92
Sangkat Wat Phnom, Khan Daun Penh
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Phnom Penh
Kingdom of Cambodia; and
(b) The Recipient’s Electronic Address is:
E-mail:
gdicdm@mef.gov.kh
5.03. For purposes of Section 7.01 of the Standard Conditions:
(a) The Bank’s address is:
International Development Association
1818 H Street, N.W.
Washington, D.C. 20433
United States of America; and
(b) The Bank’s Electronic Address is:
Telex: Facsimile:
248423 (MCI) or 1-202-477-6391
64145 (MCI)
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AGREED as of the Signature Date.
KINGDOM OF CAMBODIA
By
_____________________________________
Authorized Representative
H.E. Dr. Aun Pornmoniroth
Name: _______________________________
Minister of Economy and Finance
Title: ________________________________
10-Jul-2024
Date: ________________________________
INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT /
INTERNATIONAL DEVELOPMENT ASSOCIATION
Acting as Grant Agent of Global Partnership for Education
By
_____________________________________
Authorized Representative
Maryam Salim
Name: _______________________________
Country Manager
Title: ________________________________
19-Jun-2024
Date: ________________________________
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SCHEDULE 1
Project Description
The objective of the Project is to improve the quality of and equitable access to
general education in target areas, and to provide immediate and effective response in case
of an Eligible Crisis or Emergency.
The Project consists of the parts described in Schedule 1 to the Financing
Agreement.
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SCHEDULE 2
Project Execution
Section I. Institutional and Other Arrangements
A. Section I (Implementation Arrangements) and Section II (Project Monitoring,
Reporting and Evaluation) of Schedule 2 to the Financing Agreement are hereby
incorporated by reference and shall apply, mutatis mutandis, to this Agreement,
and the Recipient undertakes to comply with the provisions thereof to the same
extent as if such provisions had been set out in full in this Agreement, provided
that for the purposes of this Agreement: (1) the references to the “Financing” in
said Sections shall be construed as references to the Grant provided for under this
Agreement; and (2) the references to the “Association” in said Sections shall be
construed as references to the Bank.
Section II. Withdrawal of Grant Proceeds
A. General
1. The Recipient may withdraw the proceeds of the Grant in accordance with the
provisions of: (a) Article III of the Standard Conditions; and (b) this Section; to
finance Eligible Expenditures in the amount allocated and, if applicable, up to the
percentage set forth against each Category of the following table.
Amount of the Amount of the Percentage of
Original Grant Additional Expenditures to be
Category
Allocated Grant Allocated Financed
(Expressed in (Expressed in (Inclusive of Taxes)
USD) USD)
(1) Goods, works, non- 4,070,000 9,000,000 Up to 100% of the
consulting services, Grant’s agreed share
consulting services, of the costs specified
Operating Costs, and in the approved
Training under the AWPB for each fiscal
Project (excluding Parts year of the Recipient
1.1, 1.2, 1.4 and 2.1(f)-
(j))
(2) PBC Expenditures 5,180,000 0 Up to 100% of the
Grant’s agreed share
of PBC Value
specified in the
approved AWPB for
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each fiscal year of the
Recipient
(3) Goods, works, non- 0 10,500,000 Up to 100% of the
consulting services, Grant’s agreed share
consulting services, of the costs specified
Operating Costs, and in the approved
Training under Parts 1.1, AWPB for each fiscal
1.2, 1.4 and 2.1(f)-(j) of year of the Recipient
the Project
TOTAL AMOUNT 9,250,000 19,500,000
B. Withdrawal Conditions; Withdrawal Period
1. Notwithstanding the provisions of Part A of this Section no withdrawal shall be
made:
(a) for payments made prior to the Signature Date; and
(b) for PBC Expenditures under Category (2), unless and until the Recipient
has:
(i) furnished evidence satisfactory to the Bank in accordance with the
verification protocol set forth in the Project Operations Manual
that the Recipient has met the PBC Targets set forth in Schedule
4 to the Financing Agreement against which withdrawal is
requested; and
(ii) complied with the Disbursement and Financial Information Letter,
including furnished to the Bank the applicable interim unaudited
financial reports documenting the incurrence of PBC
Expenditures during the respective PBC period up to the date
against which withdrawal is requested.
2. Notwithstanding the provisions of Parts A and B.1(b) of this Section, the amount
of the Grant to be withdrawn upon the verified achievement of any PBC Target
shall correspond to the PBC Value of such PBC Target as set forth in Schedule 4
to the Financing Agreement.
3. Notwithstanding the provisions of Part B.1(b) of this Section, if the Bank shall
determine, based on the evidence furnished by the Recipient under Part B.1 of this
Section, that:
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(a) any PBC Targets has been partially achieved, the Bank may in its sole
discretion authorize the withdrawal of a portion of the amount of the Grant
then allocated to said PBC Target, calculated on a pro rata basis in respect
of the level of partial achievement of said PBC Target; and
(b) any PBC Target has not been fully achieved by its PBC Target
Achievement Date, the Bank may in its sole discretion, by notice to the
Recipient:
(i) withhold in whole or in part the amount of the Grant allocated to
such PBC Target;
(ii) disburse in whole or in part the withheld amount of the Grant
allocated to such PBC Target at any later time prior to the Closing
Date;
(iii) reallocate in whole or in part any withheld amount of the Grant
allocated to such PBC Target; and/or
(iv) cancel in whole or in part any withheld amount of the Grant
allocated to such PBC Target.
4. The Closing Date is June 30, 2028.
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APPENDIX
Definitions
1. “Anti-Corruption Guidelines” means, for purposes of paragraph 2 of the Appendix
to the Standard Conditions, the “Guidelines on Preventing and Combating Fraud
and Corruption in Projects Financed by IBRD Loans and IDA Credits and Grants”,
dated October 15, 2006, and revised in January 2011, and as of July 1, 2016.
2. “Category” means a category set forth in the table in Section II.A of Schedule 2 to
this Agreement.
3. “Procurement Regulations” means, for purposes of paragraph 20 of the Appendix
to the Standard Conditions, the “World Bank Procurement Regulations for IPF
Borrowers”, dated September 2023.
4. “Signature Date” means the later of the two dates on which the Recipient and the
Bank signed this Agreement and such definition applies to all references to “the
date of the Grant Agreement” in the Standard Conditions.
5. “Standard Conditions” means the “International Bank for Reconstruction and
Development and International Development Association Standard Conditions for
Grant Financing Made by the Bank out of Trust Funds”, dated February 25, 2019.