July 30, 2021 Mr. Claret Connor Director National Recovery Program Bureau Philipsburg, Sint Maarten Re: Grant TF0B5199 (Sint Maarten Additional Financing for the Emergency Recovery Project I) Additional Instructions: AMENDED Disbursement and Financial Information Letter Dear Mr. Connor I refer to the Grant Agreement between the International Bank for Reconstruction and Development , acting as administrator of Sint Maarten: Hurricane Irma Reconstruction, Recovery and Resilience Trust Fund, and National Recovery Program Bureau - NRPB Recipient for the above-referenced project, dated July 15, 2021. The Agreement provides that the World Bank may issue additional instructions regarding the withdrawal of the proceeds of Grant TF0B5199 Grant letter Disbursement and Financial Information additional instructions. This is the first amendment of the Disbursement and Financial Information Letter dated July 15, 2021 for the above-referenced project. This letter restates Schedule 1 to add information about the project Closing Date and Disbursement Deadline Date. All other provisions and attachments of the Disbursement and Financial Information Letter dated July 15, 2021, except as amended, shall remain in force and effect. I. Disbursement Arrangements, Withdrawal and Reporting of Grant Proceeds The World Bank Disbursement Guidelines for Projects, dated February 1, 2017 Disbursement Guidelines apply to the Grant is specified below. Sections and subsections in parentheses below refer to the relevant sections and subsections in the Disbursement Guidelines and, unless otherwise defined in this letter, the capitalized terms used have the meanings ascribed to them in the Disbursement Guidelines. (i) Disbursement Arrangements The table in Schedule 1 sets out the disbursement methods which may be used by the Recipient, information on registration of authorized signatures, processing of withdrawal applications (including minimum value of applications and processing of advances), instructions on supporting documentation, and frequency of reporting on the Designated Account. (ii) Electronic Delivery. The World Bank may permit the Recipient to electronically deliver applications (with supporting documents) through the World Bank -based portal (https://clientconnection.worldbank.org ecipient who are officials may deliver Applications electronically by completing the Form 2380, which is accessible through signing the Authorized Signatory Letter, the Recipient confirms that it is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to the World Bank by electronic means. The Recipient may continue to exercise the option of preparing and delivering Applications in paper form. The World Bank reserves the right and may, in its sole discretion, temporarily or permanently disallow the electronic delivery of Applications by the Recipient. By designating officials to use SIDC and by choosing to deliver the Applications electronically, the Recipient 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 World Bank's public terms and conditions. II. Financial Reports and Audits Section 2.07 (a) and (b) of the Standard Conditions. (i) Financial Reports. The Recipient must prepare and furnish to the Bank not later than forty-five (45) days after the end of each calendar quarter, in (ii) Audits. Each audit of the Financial Statements must cover the period of one fiscal year of the Recipient, 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 six (6) 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 World Bank recommends om this website you will be able to prepare and deliver Applications, monitor the near real-time status of the Grant, 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, ___________________________ Maria Virginia Hormazabal Finance Officer Schedule 1 : Disbursement Arrangements Basic Information Country Sint Maarten Section III.B.2 of Schedule 2 to Closing Date Recipient National Recovery Program Bureau the Grant Agreement Grant TF0B5199 Disbursement Number Name of the Additional Financing for the Emergency Four (4) months after the Deadline Date Project Recovery Project I closing date Subsection 3.7** Disbursement Methods and Supporting Documentation Disbursement Methods Supporting Documentation Methods Available Section 2 (**) Subsections 4.3 and 4.4 (**) Direct Payment Yes Copy of Records Interim unaudited Financial Report (IFR) in the same format currently being used under the Reimbursement Yes original financing, TF0A8079 Interim unaudited Financial Report (IFR) in the same format currently being used under the Designated Account: Yes original financing, TF0A8079 Special Commitments Yes Copy of Letter of Credit Designated Account (Section 5 and 6 **) Type Segregated Ceiling Variable Financial Institution - Central Bank of Curacao and Sint Maarten Currency USD Name Frequency of Reporting, 6 months forecast of Eligible Quarterly Amount Subsection 6.3 (**) Expenditures as provided in the IFRs Minimum Value of Applications (Subsection 3.5) The Minimum Value of Applications for Reimbursement and Direct Payment is $250,000 equivalent. Authorized Signatures (Subsection 3.1 and 3.2 **) Withdrawal and Documentation Applications (Subsection 3.3 and 3.4 **) Authorized Signatures: A letter should be furnished to the Bank at the address indicated below providing the name(s) and specimen signature(s) of the official(s) authorized to sign Applications: The World Bank 1818 H Street, N.W. Washington, DC 20433, USA Attention: Ms. Lilia Burunciuc, Country Director Applications: Completed Applications for withdrawal, together with supporting documents, should be provided through the Client Connection, web-based portal, following the instructions for electronic delivery. In the case the Recipient does not have internet access, the Bank may permit the delivery of Applications for withdrawal, together with supporting documents, to the following address: Banco Mundial SCN Quadra 02, Lote A Ed. Corporate Financial Center, 7º andar 70712-900, Brasília, D.F. Brazil Attention: Loan Operations ** Sections and subsections indicated relate to the Disbursement Guidelines for Investment Project Financing dated February 2017