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LOAN NI]MI}ER 8380-Cf, Loan Agreement (second Regional antr Municipar Infrastructure Deveropment proj ect) between GEORGTA and INTERNATIONAL BANK FOR RECONSTRUCTTON AND DEVELOPMENT Durerr \ust lts ,zot4 iI ti II ti It IIt LOAN NUMBER 8380-GE tl LOAN AGREEITTENT Agreement dated &"nuek \g ,zot4,between cEoRGtA ("BorroweC') and rhe tNreRNn-ftoNAL BANK FOR RECONSTRUCTTON AND DEVELOPMENT ("Bank"). The Borrower and the Bank hereby agree as follows: ARTICLE I - GENERAL CONDITIONS; DEFINITIONS 1.01. The Ceneral Conditions (as defined in the Appendix to this Agreement) constitute an integral part of this Agreement. 1.02. Unless the context requires otherwise, the eapitalized terms used in this Agreement have the meanings ascribed to them in the General Conditions or in the Appendix to this Agreement. ARTICLE II-LOAN 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in this Agreement, the amountof thirty rnillion United States Dollars (US$30,000,000), as such amount may be converted from time to time through a Currency Conversion in accordance with the provisions of Section 2.07 of this Agreement ("Loan"), to assist in financing the project described in Schedule I to this Agreement ("Project"). 2,02. The Borrower may withdraw the proceeds of the Loan in accordance with Section IV of Schedule 2 to this Agreement. 2,03. The Front-end Fee payable by the Borrower shall be equal to one quarter of one percent (0.25%) of the Loan amount. 2.04, The interest payable by the Bonower for each lnterest Period shall be at a rate equal to the Roference Rate for the Loan Currency plus the Variable Spread; provided, that upon a Conversion of all or any portion of the principal amount of the Loan, the interest payable by the Bonower during the Conversion Period on such amount shall be determined in accordanca with the relevant provisions of Article IV of the General Conditions. Notwithstanding the foregoing, if any amount of the Withdrawn [.oan Balance remains unpaid when due and such nonpayment oontinues for a period of thirty days, then the interest payabte by the Bonower shall instead be calculated as provided in Section 3.02 (e) of the General Conditions. 2.05. The Payrnent Dates are May l5 and November l5 in each year. lI It IT tI 1. -L- 2'06, The principal amount of the Loan shall be repaid in accordance with the amortization schedule set forth in schedute 3 to thii Agreemcnt. 2,07. (a) The Bo*ower may at any time request any of the following conversions of the terms of the Loar in order to faciliiate prudent debimanagement: (i) a change of the Loan cu*ency of ail or any portion of the piincipat amount of the Loan, withdrawn or unwithdrawn, to an npproJed cunency; (ii) a change of the interest rate basis applicable to: (A) all or any portion of the principal amount of the Loan withdrawn and outstanding tiom a variable Rate to a Fixed Rate, or vice versa; or (B) all or any portion of the principar amount of the Loan withdrawn and outstanding from a Variable Rate based on a Refercnce Rate and the Variable spread to a Variable Rate based on a Fixed lleference Rate and the variable spread, or vice versa; or (c) all of the principal amount of the Loan withdrawn and oustanding from a variable Raie based on a variable spread to a variabte Rate based on a Fixed spread; and (iii) the setting of limits on the variable Rate or the Reference Rate applicabie to all or any portion of the principal amount of the Loan withdrawn and outsr,anding by the establishment of an Interest Rate cap or Interest Rate Collar on the Variable Rate or the Reference Rate. (b) Any conversion requested pursuant to paragraph (a) of this section that is accepted by the Bank shall be considered a-"conversion", as defined in the General conditions, and shail be effected in accordance with the provisions of Article IV of the General conditions and of the conversion Cuidelines. (c) Prornptly, following the Execution Date for an tnterest Rate cap or lnterest Rate collar for which the Borrorver has requested thai tne premium be paid out of the proceeds of the Loan, the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amounts required to pay any premium payable in accoidance with section a.05 (c) of the General conditions up to the amount allocated from time to time for the purpose in the tabli in section IV of Schedule 2 to this Agrrement. ARTICLE III-PROJECT 3.01- The Bonower declares its commitment lo the objectives of the project. To this end, the Borrower shall cause the project to be carried out by the project lmplementing Entity in accordance with the provisions of A*icle V of the General Conditions and the project Agreement. 3.02. Without limitation upon the provisions of Section 3.01 of this Agreement, and except as the Borower and the Bank shall otherwise agree, the Borrower shall -3 ensure that the Project is carried out ir accordance with the provisions of Schedule 2 to this Agreement. ARTICLE IV - REMEDTf,S OF THE BANK 4'01' The Additional Event of Suspension consists namely of the following, that the Project lmplementing Entity's Legislation has been amended, suspended, abrogated, repealed or rvaived so as to affect materially and adversely thi ability of the Project Implementing Entity to perform any of its obligations under thl Project Agreement. 4.02. The Additional Event of Acceleration consists namely of the fiollowing, rhat ttre event specified in Section 4.01 of this Agreement occurs and is continuing fora period ofninety (90) days after notice ofthe event has been given by the Bank to the Bonower. ARTICLE V _ EFFECTIVENESS; TERMINATION 5,01. 'fhe Additional Conditions of Effectiveness consist of the following, namely rhat, the Subsidiary Agreentent has been executed by the Minisrry of Finance and the Ministry for Regional Development and lnfrastructure on bchalf of the [lorrower and the Projecr lmplementing Entity. 5.02. The Additional L€gal Matter consists of namely of the following, that thc Subsidiary Agreement has been duly authorized or ratified by the Bonower and the Project Implementing Entity and is legally binding upon the Bonower and the Project Implementing Entity in accordance with its terms. 5.03. 'I'he Effectiveness Deadline is the date one hundred and twenty (120) days after the date of this Agreement. ARTICLE VI _ REPRESENTATIVE; ADDRESSES 6.01 . 'l'he Borrower's Representative is 6.02. The Bonower's Address is: Ministry of Finance l6 Gorgasali Street 0ll4'Ibilisi Georgia Facsimile: 995-32-226r46t the Minister of Finance. -4- 5.03. The Ilank's Address is: lntemational Uank for Reconstnrction and Development lElS H Street, N.\Y, Washington, D.C.20433 United States of America Cable address: Telex: INTBAFRAD 248423(MCI) washington, 64|45(MCI) D.c. Facsimile: or 1-2A2-477-6391 AGREED at Tbilisi, Ceorgia, as of the day and year first above written. GEORGIA By Representative Name: Uodor l(hqdur i ritr"'.Miniyte r o{ Fiy,oncL IN'I'ERNATIONAL BANK FOR RECONSTRUCI'ION AND DEVELOPMENT $b,*At&^^-{" Authorized Representa!ive -5t SCHEDULE I Project Description The odective of tho Pmject is to improve the efficiency and reliabiliry of taryeted m un ioipal serv iccs and infrastructuro. The Project consists of the following parts: ?art A: lnfraqtruoture Investment l. Provision of financing: (a) on a credit basis, to selected LSGs to finance lnvestment Subprojects br the rehabilitation and expansion of priority municipal services and infrastructure needs on a sustainable basis; through the carrying out of works and provision of goods; and (b) on a grant basis, to selected LSCs to finance Invesrment Subprojects for selected municipal services and infrastructure projects, tkough the carrying out of works and provision of goods. 2. Preparation of feasibility studies, engineering designs, construction supervision, monitoring and evaluation activities for Investment Subprojects, through the provision of consultants! services and Training. Part B: Institutional Development l. Improving the institutional capacity and performance of LSGs in: (a) asset managernent planning; (b) project cycle management; and (c) fiscal discipline and accounting, through the provision of goods, consultants' services and Training. 2. .lmproving the institutional capaciry and performance of the project lmplementing Entity in: (a) technical appraisal; (b) credit risk management; and (c) fiduciary functions, through the provision of consultants' scrvices and Training. -6SCHEDULE 2 Project Execution Section L A. I. Institutional Arrangements lmolementation Arransemen8 rhe Borrower shall cause the Project Implementing Entity to carry out the Project in accordance with the Operations Manual acceptable to the Bank, said manual to provide key instruments for the execution and coordination of the Project, including: (a) procurement and financial manag€ment procedures; (b) eligibility criteria for Participating LSGs and lnvestment Subprojects; (c) terms and conditions for lnvestment Subproject Financing; (d) procurement and implementation of lnvestment Subprojects; (e) the requirements and procedures for carrying out the Environmental Screening and Environmental Impact Assessments and for implementing such Environmental Management Plans for the selected Investment Subprojects; and (l) the staffing, managernent and responsibilities of the Project Implemenring Entity. 2. For the purpose ofensuring the proper coordination and execution ofthe Project, the Borrower shall maintain the supervisory board of the Project lmplementing Entity, chaired by the Prime Minister of Georgia. 'Ihe functions of said Board shall include, inler alia: (a) overall supervision of the implementation of the Project; (b) inter-agency coordination to achieve the Project objectives; and (c) review and approval of the annual work programs' budgets and reports for the operation of the Project lmplementing Entity. B. Subsidiary Agreement l. To l'acililate the carrying out of the Projec! the Bonower shall make the proceeds of the Loan available to the Project lmplementing Entity, on a non-refundable basis, under a subsidiary agr€ement between the Ministry of Finance and the Ministry for Regional Development and Infrastructure on behalf of the Borrower and the Project Implementing Entiry, under terms and conditions approved by the Bank ("Subiid iary Agreemenf '). 2. The Borrower shall exercise its rights under the Subsidiary Agreement in such manner as to protect the interests of the Borrower and the Bank and to accomplish the purposes of the Loan. Except as the Bank shall otherwise agree, the Borrower shall not assign, amend, abrogate or waive the Subsidiary Agreement or any of its provisions. -7 - C. Anti-Corruption The Borrower shall ensure that the Project is carried out in accordance with the provisions of the Anti-Corruption Guidelines. D. Srfeguards L The Borrower shall ensure that all measures necessary for the carrying qut of an Environrnental Screening, as defined in the Operations Manual, shall be taken by the Project [mplembnting Entity in a timely manner for all lnvestment Subprojects, and shall cause the Project Implementing Entity to include adequate information on the carrying out of such measures as part of the reporting requirements outlined in the Operations Manual. The Bonower shall ensure that the Project lmplementing Entity shall carry out the Environmental and Social Impact Assessments and develop the Environmental Managem€nt Plans in a timely manner for all lnvestment Subprojects requiring such assessments and/or planning and shall provide and maintain adequate information on the carrying out of such Environmental and Social Impact Assessments and implementing such Environnrental Management Plans as part of the supervision responsibilities referred to in paragraph A.l of this Section. For Investment Subprojects determined to be eligible fbr flnancing under the Project, completion of Environmentrl and Social Screening and preparation and disclosure of, and stakeholder consultation on the Environmental Management PIan satisthctory to the Bank shall be required prior to commencement of any works. 2. The Borrower shall ensure that for any activity to be undertaken under the Project involving the involuntary acquisition of land or the temporary or p€rmanent involuntary resettlement or displacement of the occupants or owners of such land, a Resettlement Action Plan satisfactory to the Bank shall be preparcd, completed and fully implemented by the Project lnrplementing Entity in accordance with the Resettlement Policy Framework prior to the commencement of any works. 3. The Bonower shall cause the Project Implementing Entity to establish and implement, throughout the Project implementation, an easily acccssible grievance redrcss mechanism, acceptable to the Bank, to address feedback and grievances relating to the Project as set hrth in the Operations Manual. Section II. A. Projmt Reports Proiect Monitorins Reoortine and Evaluation The Bonower shsll cause the Project Implementing Entity to monitor and evaluate the progress of the Project and prepare Project Reports in accordance with the provisions of Section 5.08 of the General Conditions and on the basis of -8indicators acceptable to the Bank. Each Project Report shall cover the period of one calendar semester, and shall be furnished to the Bank not later than one month after the end ofthe period covered by such report. B. L Financial lVlanngement, Financirl Repor6 and Audits The Borrower shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 5.09 of the Generat Conditions. 2. The Borrower shall cause the Project lmplementing Entity to prepare and fumish to the Bank nol later than forty-five (45) days after the end of each calendar semester, interim unaudited financial reports for the Project covering the semester, in form and substance satisfactory to the Bank. 3. The Borrower shall cause the Project Implementing Entity to have the Project Financial Statements audited in accordsnce with the provisions of Section 5.09 (b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one fiscal year of the Bonower. The audited Financial Statements for each such period shall be furnished to the Bank not later than six months after the end ofsuch period. Section III. A. General t. Procuremenl Goods, Works and Non-consulting Services. All goods, works and nonconsulting services required for the Project and to be financed out ofthe proceeds of the Loan shall be procured in accordance with the rcquirements set forth or referred to in Section I of the Procurement Guidelines, and with the provisions of this Section. 2. Consultants' Services. All consultants' services required for the Project and to be financed out ofthe proceeds ofthe Loan shall be procured in accordance with the requirements set forth or referred to in Sections I and IV of the Consultant Cuidelines and with the provisions of this Section. 3. Definitions. The capitalized terms used below in this Section to describe particular procurement methods or methods of review by the Bank of partioular confacts refer to the corresponding method described in Sections II and III ofthe Procurement Guidelines, or Sections ll, III, IV and V of the Consultant Guidelines, as the case may be. T -9B. Particular Methods of Procurement of Goods, Works and Non-consulting Serviccs lnternational Competitive Bidding. Bxcept as olherwise provided in paragraph 2 below, goods, works and non-consulting services shall bc procured under contracts awarded on the basis of lnternational Competitive Bidding. 2. Other Methods of Procurement of Goods, Works and Non-consulting Services. The following methods, other than Intemational Competitive Bidding, may be used for procurement of goods, works and non-consulting services for those contracts specified in the Procurement Plan: (a) National Competitive Bidding, subject to the additional provisions set forth in belorv: "Open competitive procedures" (i.e. "public tender") shall be the default rule. A single envelope procedure shall be used for the submission of goods, works, or non-consulting services. Invitations to bid shall be advertised in at least one widely circulated national daily newspaper allowing a minimum of thirty (30) days for the preparation and submission of bids. Advertisements published in foreign language newspapers shall be in compliance with such a 30-day-minimum in number of days for bids preparation and submission. Bidding shall not be restricted to pre-regist registration is rcquircd, it shall not be denied to for reasons unrelated to their c successfully perforrn the contract (e.g., mat etc), +.)t in professional organizations, classification, v,w.t, qualification shall be conducted to verify that the bidder has tl capability and resources to successfully perfornr the contract. Government-owned enterprises in Georgia shall be eligible to participate in bidding only if they can establish that they are legatly and financially autonomous, operate under commercial law and are not a dependent agency of the Government. Govemment-owned enterprises will be subject to thc sanre bid and performance security requirements as other bidders. Procuring entities shall use the appropriate Bank's sample bidding documents, including pre-qualification documents, for of s,oods. works. or non-consulting servi, - t0Procurement IVIethod I l and such documents shall contain draft contract and conditions of contract including clauses on fraud and comrption, audit and publication of award, all acceptable to the Bank. (vi) Bids shall be opened in public, immediately after the deadline for submission of bids. Bidder's representatives shalt be permitted to attend the bid opening. (vii) Extension of bid validiry shall be allowed once only for nor more than thirty (30) days. No furrher extensions should be requested without the prior approval of the Bank. (viii) Evaluation of bids shall be based on quantifiable criteria expressed in monetary rerrns as defined in the bidding documents, no merit point systcm and no domestic preference shall be used in the evaluation of bids. Contracts shall be awarded to qualified bidders having submined the lowest evaluated substantially responsive bid and no negotiations shall be carried out prior to contract award. (ix) Civil works contracts of long duration (e.g. rnore than eighteen (18) months) shall contain an appropriate price adjustment clause. (x) No bid shall be rejected purely on the basis rhat the bid price is higher than the estimated budget fbr that procurement. All bids shall not be rejected and new bids solicited without the Bank's prior concurrence. (b) Shopping (c) Direct Contracting c. Particulsr Methods of Procurement of Consultants' Services t. Quality- snd Cost-based Selection. Except as othenvise provided in paragraph 2 below, consultants' services shall be procured under contracts awarded on the basis of Quality and Cost-based Selection. 2. Other Methods of Procurement of Consultants' Senices. The following methods, other than Quality and Cost-based Selection, may be used for procurement of consultants' services for those contracts which are specified in the Procurement Plan: ltProcurement Method ! I D. (a) Qual ity-Based Selection (b) Sclection under a Fixed Budget (c) Least Cost Selection (d) Selection Based on Consultants' Qualifications (e) Single-Source Selection of consulting firnrs (0 Prooedures set forth in paragraphs 5.1-5.5 of the consuttanrGuiaeunes for the Selection of tndividual Consultants (g) single-source procedures for the Selection of Individual Consultants Review by the Bank of Procurcment Decislons 'Ihe Procurernent Plan shall set forth those contracts which shall be subject to the Bank's Prior Revierv. All other contracts shall be subject to Post Review by rhe Bank. l I tU Section IV. A. General l. The Borrower may withdraw the proceeds of the Loan in accordance with the provisions of Article II of the General conditions, this Section, and such additional instructions as the Bank shall specify by notice to the Borrower (including the "world Bank Disbursement Guidelines for projects,' dated May 2006, as revised from time !o time by the Bank and as made applicable to this Agreement pursuant to such instructions), to finance Eligible Expenditures as set forth in the table in paragraph 2 below. 2. The following table specifies the categories of Eligible Expcnditures that may be financed out of the proceeds of the Loan ("category"), rhe alrocation of the arnounts of the Loan to each category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category. Withdrawal of Loan Prcceeds t2- Catcgory (l) Goods and works, under: Amount of the Loan Allocated Expenditures to be (expressed in USD) (inclusive of Taxes) (a) Part A.l(a) of the Perccntage of financed 12,925,000 400h 13,000,000 85% 2,000,000 80% 2,000,000 22.8% Project (b) Part A.l(b) of the Project (2) Consultants' services, Training and Incremental Operating Costs under Part A.2 of the Project (3) Goods, consultants' services and Training under Part B ofthe Project (4) Front-end Fee 75,000 Amount payable pursuant to Section 2.03 this Agreement in of accordance with Section 2.07 (b) of the General Conditions (5) Interest Rate Cap or 0 Amount due pursuant to Section 2.07(c) of this lnterest Rate Collar premium Agreemenl TOTAL AMOUN'T l0-000$0n B. Withdrswal Conditions; Withdrawsl Period l. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made for payments made prior to the date of this Agreement, except that withdrawals up to an aggregate amount not to exceed $3,000,000 equivalent may be made for payments made prior to this date but on or after April l, 2014, for Eligible Expenditures under Categories ( l) and (2), 1 The Closing Date is June 30, 2019. - 13 SCHEDULE 3 Amortizrdon Schedule The following table sets forth the Principat Payment Dates of the Loan and the percentage of the total principal amount of the Loan payable on each principal Payment Datc ("lnstallmenl Share"). If the proceeds of the Loan have been fully withdrawn as of the first Principal Payment Date, the principal amount of the Loan repayable by the Borrower on each Principal Payment Dato shall be determined by the Bank by multiplying: (a) Withdrawn Loan Balance as of the fint Principal Payment Date; by (b) the lnstallment Share for each principal Payment Date, such repayable amount to be adjusted, as necessary, to deduct any amounts referred to in paragraph 4 of this Schedule, to which a Currency Conversion applies. Principal Payment Date On each May 15 and November 15 Beginning November 15, 2024 through November 15, 2038 On May 15, 2039 2. Installment Share (Exoressed as a Percentage) 3.33Yo 3.43% If the proceeds of the Loan have not been fully withdrawn as of the first Principal Payment Date, the principol amount of the Loan repayable by the Borrower on each Principal Payment Date shall be determined as fbltows: (a) To the extent that any proceeds of the Loan have been withdrawn as of thc first Principal Payment Date, the Borrower shall repay tho Withdrawn Loan Balance as of such date in accordance with paragraph I of this Schedule. (b) Any amount withdrawn after the flrst Principal Paynrent Date shall be repaid on each Principal Payment Date falling aller the date of such withdrawal in amounts determined by the Bank by multiplying the amount of each such withdrawalby a fraction, the numerator of which is the original Installment Share specified in the table in paragraph I of this Schedule for said Principal Payment Date ("Original Installment Share") and the denominator of which is the sum of all remaining Originol Installment Shares for Principal Payment Dates falling on or after such date, such amounts repayable to be adusted, as necessary, to deduct any amounts refened to in paragraph 4 of this Schedule, to which a Currency Conversion applies, -l4J. (a) Amounts of the Loan rvithdrawn within two calendar months prior to any Principal Payment Date shail, for the purposes sorely of carcurating the principal amounts payable on any principal payment'Dat", iL tr"uteo withdrawn and outstanding on the second principar raym"nt oute . * following the date of withdrawat and shail be ,.p"yuu't. on each with payment the second frii,rip"f ?1* ":*.T".rcing Date following the date of withdrawal. Principal paymenr (b) Notwithstanding rhe provisions of sub-paragraph (a) of this paragraph, if at any time the Bank adoprs a <rue date-briting system under which invoices are issuEd on or.after the respective princr:par rayment Date, the to any provisions of such su.b-paragreph shall no tong",'appty withdrawals made after the adopion of such billing ,i.,"_..4. Notwithstanding the provisions of paragraphs r and 2 of this Schedule, upon a currency conversion of all orany portion of the withdrawn Loan Balance to an Approved currcncy, the amount so converted in the Approved cunency that is repayable on any Principar payment Date occurring' during the conversion Period, shall be determined by the Bank by multipiying srih arnount in its currency of denomination immediarely prior io the conveision by either: (i) the exchange rate thst reflects. the.amounts of prinoipar in the Approu"o cu*nry payable by the Bank under the cunency Hedge Transaction rerating to thl conversion; or (ii) if the Bank so determines in accordance with the conversion Guidclines, the exchange rate component of the Screen Rate. 5, If lhe withdrawn Loan Balance is denominated in more than one Loan currency, the provisions of this schedule shall apply separately to the amount denominated in each I oan currency, so as to produce a separate amortization each such amount. schedure for I - t5 APPENDIX Definitions l. "Anticonuption Guidelines" means the ..Guidelines on preventing and combating f raud and corruption in projects Financed by IBRD Loans and IDA credits and Grants", dated october ls, 2b06 and revised i,., Jnnuo.y zo t t. 2. "category" means acategory set forth in the table in Section rv of Schedule this Agreement. 2 to 3. "co-financier" means Swiss Agency for Deveropment and cooperation. 4, "co-financing" means, for purposes of paragraph 16 of thc Appendix to the General conditions, an amount of five miliion United States bollars to be provided by the Co-financier to assist in financing the project. 5. 'co-financing Agreement" means the agreement to be entered into between the Bonower and the Co-financier providing for the Ce.financing. 6. "consultant cuidelines" nreans the "cuidelines: setection and Employment of consultants under IBRD l-oans and IDA credits and Grants by world Bank Borrowers" dated January 201 l. 7. "Environmental and Social Screening" means a mandatory review of all proposed Investment Subprojects undertaken with the pr.pot" of categorizing 'filtering them by expected environmental risks and impacts, out piopo*li grossly detrimental fior the environment, identiiying a need -fo, pr"paiing Resettlement Action Plan and determining appropiiate extent and type of " Environmental and Social Assessment to be applied to the lnvestment Subprojects accepted for further processing. 8. "Environmental and social lmpact Assessment', or..ESIA" means a study canied out for the setected Investment Subprojects to identify and assess their potential environmental impacB, evaluate alternatives, and design appropriate mitigation, managernent, and monitoring msasures. 9. I t "Environmental Management Plan" or "EMp" means a document developed for an lnvestment Subproject (as hereinafter defined), which details the measures ro be taken during its implementation and operarion to eliminate or offset adverse environmental impacts, or to reduce thenr to acceptable levels, as well as the actions needed to irnplement these measures. - t6 t0. "General Conditions" means the "lnternational Bank for Reconstruction and Development Ceneral Conditions for Loans", dated March 12, 2012, with the modifications set forth in Section Il of this Appendix, lt. "lncremental Operating Costs" means reasonable and necessary incremental expenses incuned by the Project Implementing Entity with respect to Project implcmentation, management and monitoring, iucluding the costs of support staff salaries (excluding salaries of the Borrower's civil service staff), communication, editing, printing and publication, translation, vehicle operation and maintenance, bank charges, local travel costs and lield trip expenses, oftice rentals, utilities and supplies, based on a semi-annual budget agreed with the Bank. t2. "lnvestrnent Financing Agreement" means an agreement entered into between a Participating LSG and the Project Implementing Entity for the purposes of the Project. in accordance with the provisions of the Operations Manual. 13. "lnvcstment Subproject" rneans an eligible subproject to be carried out lbr the benefit of a Participating LSG (as hereinafter defined), utilizing the proceeds of Investment Subproject Financing (as hereinafter defined). t4. "lnvestment Subproject Financing" means a financing made or proposed to be made out of the proceeds of the L,oan by the Project Implementing Entity (as hereinafter defined), for an lnvestment Subproject. 15. "Lari" means tfte lawful currency of the Borrower. 16, "Ministry of Finance" means the Borrowerls Miiliirty of Finance oruuty successor thereto. 17. "Ministry of Regional Developmenl and Infrastructure" means the Borrower's Ministry of Regional Development and Infrastructure or any successor thereto. 18. "Operations Manual" means the manual prepared by the Projeot Implenrenting Entity (es hereinafter defined) dated March ll, 2014: (a) specifying the managerial, financial. administrative, engineering, environmental and social policies and procedurcs of the Project Implementing Entity (as hereinaftcr defined) for the execution of the Project and the eligibility criteria for selection of Investment Subprojec(s) and Participating LSG(s) (as hereinafter defined); and (b) including the "Environmental and Social Management Framework" which provides thc requirements and procedures for the carrying out of the Environmental and Social Screening, and Environmental and Social Impact Assessments and the preparatior of the Environmental Management Plans for the respective selected lnvestrnent Subproject under the Project, as such Operations Manual may be amended from time to time with the agreement of the Bank. I I I : I -t'7- I t 19. "Participating LSG" mean the Local Self Covernment established and operating under Organic Law (Local Self-Govemment Code) No. 1958-ll-b of February 5,2014, on Local Self-Government, which have been selected for the carrying out of lnvestment Subproject(s) under Part A of the Project in accordance \yith tho eligibility critoria set forth in the Operations Manual. 20. "Procurcment Guidelines" means the "Guidelines: Procurement of Coods, Works and Non-consulting Senvices under IBRD Loans and IDA Credits and Qrants by World Bank Borrowers" dated January 201 I . 21. "Procurement Plan" means the Project Implementing Entiry's procurement plan for the Project, dated March 19,2014 and refened to in paragraph l.18 of the Procurement Cuidelines and paragraph 1.25 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs. 22. "Project Implementing Entity" means the Municipal Development F'und established pursuant to Presidential Decree No. 294 of the President of Ceorgia, dated June 7,1997, as amended to date. 23. "Project lmplementing Entity's Legislation" means the Charter of the Municipal Development Fund established pursuant to Decree No. I I 8 of the Govemment of Ceorgia dated July 23,2005, as amended to date. 24. "Resettlement Action Plan" or "RAP" means a resettlement action plan for a site specific reseftlement; to be prepared and implemented in a manner fully consistent with the Resettlement Policy Framework, and "Resettlement Action Plans" means said Plans, collectively. 25. "Resettlement Policy Framework" means the resettlement polioy framework, satisfactory to the Bank, dated March 24,2014, prepared by the Project Implementing Entity and setting forth, inter alia: (i) the description of areas oovered by the Project; (ii) the legal basis and screening process for land acquisition, rcsettlemcnt and land use in connection with works and oonstruction activities to be carried out under the Project; (iii) the resettlement principles and entitlements of Project affected people based on different categories of impact; (iv) the procedures for valuation, compensation and other assistance provided to the affected people, including the grievance process; and (v) the responsibilities, procedures and requircments for the development and implementation of site specific Resettlement Action Plans. 26. "Subsidiary Agreement'' means the agreement referred to in Section l.B of Schedule 2 to this Agreement pursuant to which the Bonower shall make the proceeds of the Loan available to the Project lmplementing Entity. _ l8 _ 27. "Training" rneans expenditures incurred by the project Implementing Entity in connection with carrying out training under part B of tfre project, including travel costs and per crien fir"ciivities rocar trainees, study tours, workshops, conferences, and non-degree feilowships, rental of fa"iriri"r'und-"{uip*"nt training materials and related suppriei based on a semi-annual with the Bank. "rd ui,Ji"t agreed