Official Documents- Supplemental Letter Ref. Financial and Economic Data for Credit 5934-GD (Closing Package)

OFFICIAL ek GRENADA DOCUMENTS December 19, 2016 International Development Association 1818 H Street, N.W. Washington, D.C. 20433 United States of America Re: Credit No. 5934-GD (Third Programmatic Resilience Building Development Policy Credit) Section 5.01 of the General Conditions Financial and Economic Data Dear Sirs and Mesdames: In connection with the Financing Agreement (Financing Agreement) of this date between Grenada (Member Country) and International Development Association (Association) providing financing (Financing) for the above-captioned Project, and the General Conditions (General Conditions) made applicable to the Financing Agreement, I am writing on behalf of the Member Country to set forth the following: 1. We understand and agree that, for purposes of Section 5.01 of the General Conditions, the Member Country is required by the Association to report "long-term external debt" (as defined in the World Bank's Debtor Reporting System Manual, dated January 2000 (DRSM)), in accordance with the DRSM, and in particular, to notify the Association of new "loan commitments" (as defined in the DRSM) not later than 30 days after the end of the quarter during which the debt is incurred, and to notify the Association of transactions under loans (as defined in the DRSM) once a year, not later than March 31 of the year following the year covered by the report 2. We represent that, except as stated in the Annex hereto, no defaults exist in respect of any external debt (as defined in the DRSM). It is our understanding that, in making the Financing, the Association may rely on the representations set forth or referred to in this letter. -2- 3. Please confirm your agreement to the foregoing by having a duly authorized representative of the Association sign in the space provided below. Very truly yours, A By_Wec A orizl R resenta - e AGREED: INTERNATIONAL DEV OPMENT ASSOCIATION Authoriz esentative