OFFICIALTHE WORLD BANK DOCUMENTSIBRD*IDA I WORLDBAKGROUP

April 26, 2019

H.E. Mr. Igor V. PetrishenkoDeputy Prime MinisterCouncil of Ministers of the Republic of BelarusHouse of Government

Minsk, 220010Sovetskaya Str. 11Republic of Belarus

Re: IBRD Loan No. 8529-BY, IBRD Loan No. 8943AF-BYEducation Modernization Project

Additional Instructions: Disbursement and Financial Information Letter (DFIL)

Excellency:

I refer to the Loan Agreement ("Agreement") between the International Bank for Reconstructionand Development ("World Bank"), and Republic of Belarus (the "Borrower") for the above-referencedproject, dated April 26, 2019. The General Conditions, as defined in the Loan Agreement, provide that theBorrower may from time to time request withdrawals of Loan Amounts from the Loan Account inaccordance with the Disbursement and Financial Information Letter, and such additional instructions as theBank may specify from time to time by notice to the Borrower. This letter is applicable to the AdditionalFinancing IBRD Loan No. 8943 AF-BY, and IBRD Loan No.8529-BY, supersedes the previousdisbursement letters. The General Conditions also provide that the Disbursement and Financial InformationLetter may specify Project specific financial reporting requirements.

I. Disbursement Arrangements, Withdrawal and Reporting of Loan Proceeds

The Disbursement Guidelines for Investment Project Financing, dated February 2017,("Disbursement Guidelines") are available in the Bank's public website at https://www.worldbank.org andits secure website "Client Connection" at https://clientconnection.worldbank.or . The DisbursementGuidelines are an integral part of this DFIL, and the manner in which the provisions in the DisbursementGuidelines apply to the Loan is specified below.

(i) Disbursement Arrangements

* Instructions (Schedule 1). The table provides the disbursement methods which may be used by theBorrower, information on registration of authorized signatures, processing of withdrawalapplications (including minimum value of applications and processing of advances), instructionson supporting documentation, and frequency of reporting on the Designated Account.

* Disbursement Deadline Date, DDD (subsection 3.7). The DDD is four (4) months after the ClosingDate. Any changes to this date will be notified by the Bank.

(ii) Electronic Delivery. Refer to section 10.01 (c) of the General Conditions.

The Bank may permit the Borrower to electronically deliver applications (with supporting documents)through the Bank's web-based portal (https://clientconnection.worldbank.org) "Client Connection". Thisoption may be effected if the officials designated in writing by the Borrower who are authorized to sign and

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deliver Applications have registered as users of "Client Connection". The designated officials may deliverApplications electronically by completing the Form 2380, which is accessible through "Client Connection".By signing the Authorized Signatory Letter, the Borrower confirms that it is authorizing such persons toaccept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documentsto the Bank by electronic means. The Bank reserves the right and may, in its sole discretion, temporarily orpermanently disallow the electronic delivery of Applications by the Borrower. By designating officials touse SIDC and by choosing to deliver the Applications electronically, the Borrower confirms through theauthorized signatory letter its agreement to: (a) abide by the Terms and Conditions of Use of SecureIdentification Credentials in connection with Use of Electronic Means to Process Applications andSupporting Documentation, available in the Bank's public website at https://worldbank.org and "ClientConnection"; and (b) to cause such official to abide by those terms and conditions.

II. Financial Reports and Audits

(i) Financial Reports. The Borrower shall prepare and furnish to the Bank not later than forty-five (45)days after the end of each calendar quarter, interim unaudited financial reports ("IFR") for the Projectcovering the quarter.

(ii) Audits. The Borrower shall have the Project's Financial Statements audited in accordance with theprovisions of Section 5.09(b) of the General Conditions. Each audit shall cover the period of one fiscalyear of the Borrower. For each such period, the audited Financial Statements for the Project shall be (a)furnished to the Bank not later than six (6) months after the end of such period; and (b) made publiclyavailable in a timely fashion and in a manner acceptable to the Bank.

III. Other Information

For additional information on disbursement arrangements, please refer to the Loan Handbookavailable on the Bank's website (http://www.worldbank.org/) and "Client Connection". The Bankrecommends that you register as a user of "Client Connection". From this website you will be able toprepare and deliver Applications, monitor the near real-time status of the Loan, and retrieve related policy,financial, and procurement information.

If you have any queries in relation to the above, please contact us through the World Bank's serviceaccount AskLoansAworldbank.org, using the above reference.

rs sincerely,

Alexander Kremer'Country Manager, Belarus

Attachments1. Form of Authorized Signatory Letter2. Statement of Expenditures (SOE)

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Cc with copies: Ministry of FinanceSovetskaya Str. 7Minsk, Republic of Belarusminfin@minfin.gov.by

Ministry of EducationSovetskaya Str. 9Minsk, Republic of Belarusroot@minedu.unibel.by

National Institute of EducationKorolya Str. 16Minsk, Republic of Belarusniogrpbank@gmail.com

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[Attachment 1 - Form of Authorized Signatory Letter]!'

[Letterhead]Ministry of Finance

[Street address]

[DA TflThe World Bank1818 H Street, N.W.Washington, D.C. 20433United States of America

Attention: [Country Director]

Re: IBRD Loan No. 8529-BY, IBRD Loan No. 8943 AF-BYEducation Modernization Project

I refer to the Loan Agreement between the International Bank for Reconstruction and Development(the "World Bank") and [name of borrower] (the "Borrower"), dated_, providing the aboveLoan. For the purposes of Section 2.03 of the General Conditions as defined in the Agreement,any '[one] of the persons whose authenticated specimen signatures appear below is authorized onbehalf of the Borrower to sign applications for withdrawal under this Loan.

2For the purpose of delivering Applications to the World Bank, [each] of the persons whoseauthenticated specimen signatures appears below is authorized on behalf of the Borrower, acting3[individually] 4bointly], to deliver Applications, and evidence in support thereof on the terms andconditions specified by the World Bank.

'[This confirms that the Borrower is authorizing such persons to accept Secure IdentificationCredentials (SIDC) and to deliver the Applications and supporting documents to the World Bank

' Instruction to the Borrower: Stipulate if more than one person needs to sign Applications, and how many or whichpositions, and if any thresholds apply. Please delete thisfootnote infinal letter that is sent to the Bank.

I Instruction to the Borrower: Stipulate if more than one person needs tojointly sign Applications, if so, please indicatethe actual number. Please delete thisfootnote infinal letter that is sent to the Bank.

3 Instruction to the Borrower: Use this bracket if any one of the authorized persons may sign; if this is not applicable,please delete. Please delete thisfootnote in final letter that is sent to the Bank.

" Instruction to the Borrower: Use this bracket 2& if several individuals must jointly sign each Application; if thisis not applicable, please delete. Please delete thisfootnote infinal letter that is sent to the Bank.

5 Instruction to the Borrower: Add this paragraph if the Borrower wishes to authorize the listed persons to acceptSecure Identification Credentials and to deliver Applications by electronic means; if this is not applicable, pleasedelete the paragraph. Please delete thisfootnote infinal letter that is sent to the Bank.

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by electronic means. In full recognition that the World Bank shall rely upon such representationsand warranties, including without limitation, the representations and warranties contained in theTerms and Conditions of Use of Secure Identification Credentials in connection with Use ofElectronic Means to Process Applications and Supporting Documentation ("Terms andConditions of Use of SIDC"), the Borrower represents and warrants to the World Bank that it willcause such persons to abide by those terms and conditions.]

This Authorization replaces and supersedes any Authorization currently in the World Bank recordswith respect to this Agreement.

[Name], [position] Specimen Signature:

[Name], [position] Specimen Signature:

[Name], [position] Specimen Signature:

Yours truly,

/ signed /

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