Subject: Re: Status of effectiveness condition and Designated Account
From: Nino Moroshkina <[email-masked]>
To: Ketevan Goginashvili <[email-masked]>
Date: Mon, 18 May 2020 07:47:30 +0000

ქეთი,

უნდა მიყვეთ მადალენას მოთხოვნებს. დღეს კიდევ ერთი წერილი მიწერა თამილას და თამუნას.

ნ

On Friday, May 15, 2020, 02:39:29 PM GMT+4, Ketevan Goginashvili wrote:

Nino ra unda?

From: Tamar Gabunia

Sent: 15 May, 2020 13:43

To: Ketevan Goginashvili

Subject: FW: Status of effectiveness condition and Designated Account

ქეთი მიყევი რა ამას თამილასთან და ჩემგან რა ჩართულობაა საჭირო გამიგე.

From: Maddalena Honorati

Sent: Friday, May 15, 2020 1:04 PM

To: Tamar Gabunia ; Tamar Barkalaia

Cc: Volkan Cetinkaya ; Damir Leljak ; Djamshid Iriskulov ; Prachi Shrikant Tadsare ; Lela Ghongadze ; [email-masked];
Gabriel Francis

Subject: Status of effectiveness condition and Designated Account

Dear Tamar and Tamila,

We hope this email finds you well and you had received yesterday the WB notification letter that the disbursement condition for category 2 of the project (social protection) has been fulfilled in light of the submitted evidence, i.e. adoption
of the GoG resolution on the emergency benefits.

We recall that your expectation on the timeline to comply with the effectiveness condition would be around mid-May. Please kindly update us on when the Parliament is expected to ratify the LA, and subsequently when the Ministry of Justice
is expected to issue the legal opinion (our project effectiveness condition).

Meanwhile, we recommend to initiate the process to open the

Designated Account with the National Bank of Georgia, Treasury Account of the Ministry of Finance and submit us the specimen signatures (a template is provided in annex 1 of the disbursement letter which I am attaching here again) so that
you are ready to submit the reimbursement application for eligible expenditures for retroactive financing as soon as we declare the project effective (when the effectiveness condition is met).

Our colleagues Damir Lelijak and Djanshid, copied to this email,  will assist you in this process.

Kind regards and looking forward to hearing from you

Maddalena

Maddalena Honorati

Senior Economist

Social Protection & Labor

T

+1 202 458 1878

E

[email-masked]