**SECOND AMENDMENT TO THE GRANT AGREEMENT**
***
**INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT**
**INTERNATIONAL DEVELOPMENT ASSOCIATION**
and
**UKRAINE**
**Dated June 7, 2024**
**GRANT AGREEMENT**
**(Emergency Inclusive Support for Recovery of Ukraine’s Agriculture (ARISE) Project)**
**GRANT AGREEMENT**
AGREEMENT dated June 7, 2024, entered into between UKRAINE (“Recipient”) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (“World Bank”) and INTERNATIONAL DEVELOPMENT ASSOCIATION (“Association”).
The Recipient and the World Bank and the Association hereby agree as follows:
1. The Agreement, dated December 15, 2022 (as amended to date), for the Emergency Inclusive Support for Recovery of Ukraine’s Agriculture (ARISE) Project between the Recipient and the World Bank and the Association (“Agreement”) is hereby amended to read as follows:
a. Section 3.01 is amended to read as follows:
“3.01. The World Bank and the Association agree to extend to the Recipient, on the terms and conditions set forth or referred to in this Agreement, a grant in an amount not to exceed four hundred fifteen million United States Dollars (USD 415,000,000) (“Grant”) to assist in financing the Project.”
b. The table in Section IV.A of Schedule 2 is deleted in its entirety and replaced with the following:
| Category | Amount of the Grant Allocated (expressed in USD) | Percentage of Expenditures to be Financed (inclusive of Taxes) |
| :————————————————————————————————————- | :————————————————- | :————————————————————– |
| (1) Interest Rate Compensation under Part 1 of the Project | 38,000,000 | 100% |
| (2) Agricultural Input Grants under Part 2 of the Project | 297,000,000 | 100% |
| (3) Goods, non-consulting services, consulting services, Training and Workshops and Operating Costs under Part 3 of the Project | 50,000,000 | 100% |
| (4) Emergency Works under Part 4 of the Project | 30,000,000 | 100% |
| **TOTAL AMOUNT** | **415,000,000** | |
2. Except as specifically amended in this Amendment Letter, all other provisions of the Agreement remain in full force and effect.
3. This Amendment Letter shall become effective as of the date of the countersignature hereof by the Recipient.
[***SIGNATURE PAGE FOLLOWS***]
CONFIRMED
UKRAINE
By ________________________________
Authorized Representative
Name:
Title:
Date:
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
INTERNATIONAL DEVELOPMENT ASSOCIATION
By ________________________________
