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CRXDIT NLIMBER 1403 GE Financing Agreement (Founh Povcrty R.dEcdor Soppori Opcn6o!) btt*cco GEORGIA . .] INTERNATIONAJ, I'EVELOPMENT ASSOCIATION _1;-_ Drr.d ,fuA/E y'e ,r*, : TINANCING AGREEMENT qUE y'z , zooa, f ..Ary.-r+rd bcrurccn G@rEiE ,-.("R.cipicnr) and TNTERNATToNAL ^rnainro DivElbiNclii"-;i;&#jii* end (b) rhe R.cipiort's mainlr!|s,lcc FamaworL TlE RccipicEr rDd thc Asroci AnTICLE I - cEnaEnAL CONTTITIONS; DEFTNTTTONS 1.01. Ti. co.tat. Condidon (as &6ncd in th. App.rdix to rhia Agrcemcnt) constiruE El inlcgral Frt ofthi! Agrl arcnl 1.02. Unlcss thc. corfrxt rEquh! orhovilc drc alpitalizld tcros usad in this lg 1co.dt .harr l+ E..triog! &rcrib.d to them i! rt" Cercrat Con-aitili'oiin ulc Appcfldrx io rhis AgrrtucnL , ARTICLE tr - FINANCING t[c Racipiafl! on thc tcIlns a.od conditiorLs in an amount equivslent l,u aI Drrwing Righrs (SDR 2.02. Thc Rccipihr mry vithdrsw thc pro(..4r of fic Finaacirla in luDDort of fi. P'o8rart, in r..ordrre wid Scction I of -" Schcdulc-I tiG" f;;;* "a 2 03. Thc Mlxilnum Commitncnr Chrl.tr R!r! prylblc by thc Rccipicnt uDwitr&8rh Fioslci.os saasc. shrjl allnum, 2 rh. b.;f,;[ffi ;t,i?iE:],;1,on ;: 04 Thc.servicc ch&gc peyablc by rh. Rccipic't oD thc withdrawn cr€dir Barar.r shrll bc .qud to t Ffounllr of onc *r, (3ll of %) pe annui. ! 2.05 Thc PrFncrf DE&s ,r. F.b.rry l5 *d Augr"1 li in cach year. 2,06. Thc principel amount ofdlc Crcdit shall bG,lpaid in acc.rdlncc wilh mravrncnr schcdule s.t foni in Schedrlc 2 to this AgE;.nL 2.07. Thc paymcnt Currcrrcy ir Dolhrs, ARTICLE Itr . PROCRAM 3.01 Thc Rccipicr dcatuls iE comm;n trlsot to the prDgrEll rld To thi! (a) cnd: th! R'cipicnt and thc AlsociEion shrlr 1," O) iE implcrEcoEtioE. noffi.'' froD tirrc to tirtq u the rco,cst -^''^'uE vrc\rs on th' proSrcss a.hiqved iD carrying ou prior to cach such ex.hangc ofvicws, Assoc iatiorl for is rw;J rhc Racipicnt lhsll furni3h to th. fIffi jtTH:S* fl1ff lt1il ffi,"^i.T*m; (c) wirhour limitatioE upon tlr. Scctio[ th. Recipient shsll proposcd action !o bc which wouJd hava lhc efrerr progarL or any action t* sp€{ifici i,: :cc::-- I cf:.h. ARTICLE rV _ RErdf,nreE or rur rssocrrrtou 4.01. Thr Addiriond Evc of SuspeBion crnsisrs of thc following: ariscn which shr.ll mrle it iEDmb{bt c thrt will be carricd oln a situsrion h&! lhc program, or r rignificEnt part of it, ARTICLE V. EFFECTIVENDSS 5.01. Thc Efccrivcn6s Deadlinc is thc datc oDc hul|dlld End twrnty (l2O) dlys efrcr thc chtc of this Agrmcot ARTICLE VI _ nEPRESENTATM; ADDR.ESSES 6.01. Th. R6ipicnr'! Rcpr!3cntaive i! thc MnisEr ofFiDanc.. 3 6.02. Thc R.cipicnt's AddEs, is: MinisEy of Financs l6 Gorgadi SEEI Tbilisi 0t I4 Gcorgia EqcsiEilc: +99532451443 6.03. Thc Alsocidon's Addrrs! is: Ifl cmationd Davaloprnaot A$ociatioo lSlt H SE!.n, N.W, W&rhi,gtoE, D.C. 20433 Unitd Srd6 of A.rllcrics Cablc ad&Bs: T.lex: Flcsioila: INDEVAS z4[,42]/(Mcr.l t-202477 439r _. W&ihingtoq D.C. AGREED ar Tbilisi, Ccorgii,z, of thc dsy alld ycar fiIsr GEORGTA By INTERNATIONAIDEVE-i:OPMENTASSOCIATION By 4SCEEDULE t prognD Actotrt; Avt rbility ScctioE I. ofFi!.!ci!g proc..dr Actio!! Erdcl tL. proarrE *" p.ffim#&'8t"'' The actions ukcn bv thc RcciPicnt under rha impleocEtation of s in fi. implcmanEri." ving satisfactory implamentadon of th€ 3091 tS, datn D€..mbcr 24.2006 on the systcm for moDitoring rhuaicipal h"r- coritE1Ea oe sroctuting nore on civil sFrvic€-reforms I. R."lpillJunc for the '_ 2004 and ending Junc 1. 1^_, comfiencing penod 5. 2OO -##ffii#*fl"lji* ror Anti{ormption The Recipicnt has revised and un, so*s, ,o ,.noil. inon"'lii,'. sfactory implcmafiarion uf its uEdrr.d Ia& includiog s rcview ofcDerE/ refoms in .flebtishins a syslrm for *rlfr*:. 7. .. Th. Racipiafi hls contiruld to achicve satisfaclory rcduction owcd by cnterpdscs in thc power s.€tor. 9. Th. capacity to buildin& incl of commctEial &k mcasuEs to sEEngthcn the institutional s i'ennil FT occdues throuSh caPacity g t?intn& dd odrcf mrs!u.E3. E*{---..d-{rJ*. -,------i.-. r--+,-_-..- -- -5. 10. Th. R.cipicnl has mad. satisfsctory progrEss lowad! adoDrion of rh. irffdardization systqn io lin. with th. wrrtd T'radr 6djr"rl;;;;";;';; numb.. of 3Enda.ds r.gistlrcd in accordancc with "i; imciurionat p.*;;;";;"-; of bboralo.ica !.arEditcd in !c.ord6!c! witb iicrrurional practiccf. rcliabh infofirErioD lbout th€ qudity ofthe syreE. ll. Thc Rccipicoi has ichicved .arisfactory progrEs in rhc ilnplementalion Edlrcsti_on S.cbr Acrion ptaa for frnttrer improvcrn"i"f rfr. p., of its t or"ing;"i".. ..r.- . - uc.cds or vanoui types of i::_-"piri. ":.d pmviding for ilcreascd aasrunhu. [y allir mrtlip€Ilncy in tba cduaAion systcm. 14. Rctipiefi has cxiardcd the implcmcn on of primary hcahh c€rE , .The rwo 3dotlona.t E8ions. reform ro scctiootr. eu!.biltir_eLEiElldlc-EEclg{ /t G.narrl Thc Recipicnt lluy withdraw tha proclcds of thc Financine in accoFoance wttl tic provisioB ofthis Sedion lnd such ldditiooal inrhrclio; .s thc Associarion msy spGciry by noric€ to tha RlcipienL B Alloc.dotr of Fhr!ci!8 ADoult! Thc Finarcing of SDR 13,g00,000 shalt bc withdnwa in ! singlc t6nche. Itrc allocerion of tic rmounts oithc'ii;G; this rnd is sc! out in thc teble balow: *.:,--.,.*-i:f.v.-,- -6- emouut of thJFinrniiilEiiiicd- (ctprB&d iE SDR) c. lr8rcc: - I D.po6itl of FimrcirS AEountt" Exc.pt s! the A3socistion may othcrwise all withdrawa.ls fronl fi. tr#ll j:irLnT ff ff",#,ffr:l,,lY'* m" :: fi: 2. . .6. Rccipicit shall cn3tE! ths d+""jt an ltnounr of thc Fin lcing rn.o &rs account! :f cquivaje rrl-"fl-tTh for in thc Rccipicnt's budgci mrnsserDcrt s)sr.m,",,in a'nui[; *'H,.'s"ff."ffi . nnancc txr . :-.. E Clci!8lhr!- Thc CIo.inS Dst. i! M&Eh J I, 2009. SCEEDI'LE 2 RcpalD.trt Sch.dul. Priociprt Aoourt ot thi CEii r.p.y.bl. (rtpi..t d .r t pcrclrtr8c) r on eactrFcu@isEai@I3: commcncing tugust 15, Tdfi- !o ard including Fcbrurry 15, 2028 J *no*: rEr,tEs.nr the pcrccnllgc.of $e priEcipd etrloulrr of the Crcdi! !o ioc _-__,I" rcpar4 cxccpt &s thc Asscrciation oftre Gercral Cooditjorrs ma! ..tarwlsc od sFairy ptllsuant !o Scction 3.Ol (b) -tA}PENDD( S.cdo! L IUllIdoLt l. "Excludad E,gcrditrr!" Erc.rB lny cxpcndih.lra: (a) (b) Group Srbaronp tt2 Dclariptior oflt D Alc-<rl,ulic t,cvc,ao.. t2r Tobacco, un-manrrfadreEtobacco rcfuse Tobsc.o,rnsnarruffi-(whettrfi or lot contsining tobacco sub6tiNi.s) naaioactivc aadEsociE' matcri6ls 667 Pcarts, prEc[us;A scmipr€ciout stonas, 718 118'l 72t '72t.43 t97 t97.3 unworkad or workcd Tobacco proccssGl !4chincry Je*clry of gofliil,EEplatirum goup mctals (cxcap watches 6nd watch cercs) and goldsmiths' or silveNmiths' war€s (including sct gErns) 1 -9- col4 non-monF- (cxcluding gold oris (c) and for goods inlcndcd for ! qxnq' Elilit aorBLunFrlio[ '__ - rr or pallmilitery PuPose or for luxuy (d) (c' (f) HIH!.fi{HH:'ffi ! "T,[*iffiryfllj*HX"li agIlqnalts to which tha Raaipiant ,s p6rty; iil,ff*l1;io?.ffJi"flTHE "L;ff.tn [H.yl,ff wirh rBpecJ ro which . -fir.ivc or cocrcive ,.,cipicnt or - Recipicm (or action sadsfaa occur *: ffiffi,t i:,ffi,,fff#] S*,ri il,l,i[t thc mditcaiorg sct f;nt.il 3. "LEPLS" rhe.Ds L.gal Entiti6 4. 'MTEF- m.rll3 the Mcdiun-Erm DGd erccuc tnc budt t ofthc Raaipicrrl i!ll! Fran'work uscd to pllJl ard 5. 'PIRIS" me.D! thc ftogrcr! ia InErrurioirl 6. ofpublic Law. Rc.dirg Lilcracy Srudy. - 10. 7. "Singla mcans rh. rnount ofrhc FiEDcing ellocltrd to rhc crtcqorv cftiilcd -Trarc-ha. "sing. Tr-anchc" in rhc tablc srr fonh pan -a in I 1o ljlrs Aglcmcn! "TIMSS" mcarE tha Trfid, io ML,.hernatics 8. S.cdoD liL Moditic.ttou !o tL. GrlGrrI "il*G"llisf;Hiii and Sciencc Studv_ CoEdidoD! The modifications ro lhc -lflEmadonal Devclopment Associatjon Gcncral Condirions for LrEdlts and crarls", dstcd July l, 2005 (a s uncndcd tblough Octobcr 15,2006) roltows: 6rc as ' U:rH#Tit,.ffTffio$lt'*tion 2 03 (rEratins to Appric,rio* ror 2. Sections 2.04 (Der tgnit--d -4aotzlts) .rrd2:Ol (Bigibl. EFprrdf@a) .;ffi;#: uE dcl;d ql. rnd $e rrrnainins s*i"* i e,t-"i. If i 1tlu*ry, accordingly. l. 4.09 lFi hanc ial Mdnageme nt r cnlircty. ard _1. _.. 4. paragraph (a) ofsection 4.05 (EnuE , : .in,! --.- ;;.';i:;m ",ffi|,:Hfl [ Kml r,.* :ffiir"t 9#ltf*If,,:Ty"*! a, pursu&! to plrasaph ,,a .r"i"i 6 u- ii6 : t such "Scction 4.M. p,lan ; DodnrF.tts: ... 3 Rzcond, (c) invoica, bills, uhd.r tha Fina, shall cnabl. the 6. Sccrion 4.07 (rlnl'Irllb.Ed ..._ _._- _ as .*r ruch psrsuant ou b palfgrlph 3 abova) is modiriad rc llad as follows: Scction 4.07 . progt@i Moniloring ... . _ (c) Th. RcciDient fumish to thc Association no DdE, a Eport ofsuch lcopa and Evaluatioh - ll rElonably rcqucst, on th. Rrcipifi! tud dr. rh! t g,l AgrlEErcnts rtnanclng. for$ in U. ApFrdix ar! modificd or rms end dcfinitioE a,l.l sddcd in with thc IcrEts bcinS EnurEbcrrd (a) Thc dcfi.oition ofthe tcrn .Eligibl. follows: ..Eligiblc _ (b) (c) E4,cadirurc. is modificd to rlid a3 ExpcndituE, msar suppon or thi h,*;-"#. tLT -oIlS *lTffiillrj.r,,[j pulsulDt to thc FiMmitB AgrrrEcnl. __ The t rsr .Finmcial Stlr.rhcna- rnd is dcfiaitioo as ser fonh in th! Appcndix aI! dclet d in thcir cntillry. Thc..t rm "Itojcct" is mcdified ro ntcdificd r,, rqri b! follows: F.d..h-a_ _{ ils d.Iinition is ;lProgram-' mcans rhe pro8ram rcfcrcd to in th. Finatcing Agecmenr in suppon of which the Financing k madr.- All r.f.*J. ,-. . ,1,_.,i d'oughout rics. Gencnt coo-ditions ; d;;'i;.ffi;*:" ,.- "prograh".