THE WORLD BANK IBRO IDA I WOILDBANKGROUP OFFICIAL AGATA E. PAWLOWSKA Acting Country Director Brunei, Malaysia, Philippines and Thailand DO CUM ENTS Public Disclosure Authorized July 10, 2018 Honorable Carlos G. Dominguez Secretary Department of Finance DOF Bldg., BSP Complex Roxas Blvd., Manila Dear Secretary Dominguez: Philippines: TFOA 1l62 Capacity Development Supportfor the Commission on Audit Amendment to the GrantAgreement Public Disclosure Authorized We refer to the grant agreement, as amended ("Agreement") dated October 26, 2015 between the Republic of the Philippines ("Recipient") and the International Bank Reconstruction and Development for ("World Bank"), acting as administrator of grant under the Supreme funds provided Audit Institution Capacity Development Fund ("Trust Development Fund") for the Capacity Support for the Commission on Audit ("Project"). The World Bank proposes to amend the Agreement to provide additional financial assistance in support of the Project, by extending to the Recipient an additional grant from the Trust Fund in an amount of twenty-five thousand United States Dollars (US$25,000). Accordingly, the Agreement is hereby amended as set out below: I. The Grant amount provided under paragraph I of the Agreement shall be Public Disclosure Authorized amended to read as three hundred three thousand United States Dollars (US$303,000) ("Grant"). 2. The withdrawal table in Article 3.01 of the Annex to the Agreement shall be amended as follows: Category Amount of the Grant Percentage of Allocated Expenditures to be (expressed in USD) Financed (inclusive of Taxes) (1) Goods, consultants' services 303,000 100. including audit, non-consulting services, Training and Workshops, and Incremental Public Disclosure Authorized Operating Costs TOTAL AMOUNT 303,000 26F One Global Place, 5th Avenue corner 25th Street, Bonifacio Global City, Taguig City 1634, Philippines Telephone: (632) 4652500 | Facsimile: (632) 4652505 Secretary Carlos G. Dominguez -2- July 10, 2018 Unless the context otherwise requires and except where otherwise defined in this letter, all capitalized terms contained herein shall have the meanings given to them in the Agreement. Except as specifically amended herein, all other terms of the Agreement shall remain unchanged and in full force and effect. Please confirm your agreement to the amendment set out above by having an authorized representative of the Recipient counter-sign and date the form of confirmation on the enclosed duplicate original of this letter and returning it to us. Upon receipt by the World Bank of the copy of this letter countersigned on behalf of Recipient, this amendment will become effective as of the date of the countersignature. Sincerely, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Agata E. Pawlowska Acting Country Directol Brunei, Malaysia, Philippines and Thailand AGREED: REPUBLIC OF THE PHILIPPINES By: Name: Carlos G. Dominguez Title: Secretary of Finance Date: 0 C 3 20918 Secretary Carlos G. Dominguez -3- July 10, 2018 cc: Hon. Ernesto Pernia, Secretary for Socioeconomic Planning, and National Economic and Development Authority Hon. Benjamin Diokno, Secretary, Department of Budget and Management Hon. Michael Aguinaldo, Chairperson, Commission on Audit Mr. Rolando Tungpalan, Undersecretary, National Economic and Development Authority Ms. Laura Pascua, Undersecretary, Department of Budget and Management Ms. Maria Edita Tan, Assistant Secretary, Department of Finance Mr. Jonathan Uy, Assistant Secretary, National Economic and Development Ms. Authority Lourdes Castillo, Assistant Commissioner, Commission on Audit Ms. Luz Tolentino, Assistant Commissioner, Commission on Audit Ms. Charissa Hipolito, Director, Department of Finance Ms. Violeta Corpus, Director, National Economic and Development Authority Ms. Josephine Manalo, Director, Commission on Audit Ms. Arlene Pira, Director, Commission on Audit Ms. Cora Lea dela Cruz, Director, Commission on Audit Ms. Donalyn Minimo, OIC-Multilateral Assistance Division, Department of Finance Ms. Monette Jimenez, Project Management Office, Commission on Audit Mr. Otaviano Canuto, Executive Director for the Philippines, World Bank Group Mr. Rommel Herrera, Senior Advisor to the Executive Director for the Philippines, World Bank Group.