Official Documents- Second Amendment to the Loan Agreement for Loan 9163-EC (English)

Second Amendment to the Loan Agreement Excellency: We refer to the Loan Agreement between the Republic of Ecuador (“Borrower”) and the International Bank for Reconstruction and Development (“Bank”) for the Ecuador Territorial Economic Empowerment for the Indigenous, Afro-Ecuadorians and Montubian Peoples and Nationalities (TEEIPAM) Project (“Project”) dated April 22, 2021, as amended pursuant to t [...] We also refer to the Borrower’s request dated December 30, 2021 and recent discussions between the Borrower and the Bank regarding certain modifications to the Project design and institutional and implementation arrangements. [...] We are pleased to inform you that, after careful consideration of the modifications requested by the Borrower, the Bank has acceded to the said request and proposes to amend the Loan Agreement as follows: 1. All references to “SHR” in the Loan Agreement are hereby replaced with “SMDPN”. [...] The Borrower shall implement the Project in accordance with a manual (“Operational Manual”) which shall include, inter alia: (a) the detailed description of Project activities and the detailed institutional arrangements of the Project; (b) detailed social, economic, financial, and technical criteria for the evaluation, ranking and selection of Subprojects; (c) model form of a Subproject Agreement; [...] Upon receipt by the Bank of the countersigned copy, this Amendment Letter shall become effective on the date upon which the Bank dispatches to the Borrower a notice that the following condition of effectiveness has been fulfilled, namely, that the Borrower has updated the Operational Manual in a manner acceptable to the Bank.