Framework Administered Account for Selected Fund Activities-Germany Subaccount for Selected Fund Activities

The Fund, represented by the Managing Director, has reached understandings with Germany acting through the German Federal Ministry of Economic Cooperation and Development (“Germany”), to finance capacity building (technical assistance and training) and related activities. On the basis of these understandings, the Managing Director has established the essential terms and conditions of the Subaccount, with which Germany concurs, with respect to the nature, design, and implementation of the activities to be financed and the method by which the costs of the activities will be financed from the Subaccount.