Amendment No. 1 to the Partial Restatement of the Administration Agreement between the Government
of Denmark, represented by the Danish Ministry of Foreign Affairs, and the International Bank for
Reconstruction and Development and the International Development Association concerning the
Partnership for Infrastructure Development in the West Bank and Gaza Multi-Donor Trust Fund (Trust
Fund No. TF071898)

1.       Reference is made to the Partial Restatement of the Administration Agreement between the
Government of Denmark, represented by the Danish Ministry of Foreign Affairs (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 Partnership for Infrastructure Development in the West Bank and Gaza Multi-Donor Trust Fund (Trust
Fund No. TF071898) (the “Trust Fund”) effective as of July 10, 2020, as amended and restated (the
“Administration Agreement”).

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

(a)      Paragraph 6.1 of Annex 2 shall be deleted and replaced with the following:

         “6.1. It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank
         by December 31, 2024 (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.

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/
           Kanthan Shankar
Name: _______________________________/n1/

Title:                                  /t1/ Gaza
           Country Director, West Bank and
         _______________________________
           14-Jun-2022
Date:    _______________________________/d1/
GOVERNMENT OF DENMARK
REPRESENTED BY THE DANISH MINISTRY OF FOREIGN AFFAIRS



By:      _______________________________/s2/
           Peter Bøgh Jensen
Name: _______________________________/n2/

Title:      Head of Cooperation
         _______________________________/t2/
           22-Jun-2022
Date:    _______________________________/d2/




                                                        2