<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=us-ascii">
<meta name="Generator" content="Microsoft Word 15 (filtered medium)">
<!--[if !mso]><style>v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style><![endif]--><style><!--
/* Font Definitions */
@font-face
        {font-family:"Cambria Math";
        panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
        {font-family:Calibri;
        panose-1:2 15 5 2 2 2 4 3 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
        {margin:0in;
        margin-bottom:.0001pt;
        font-size:11.0pt;
        font-family:"Calibri",sans-serif;}
a:link, span.MsoHyperlink
        {mso-style-priority:99;
        color:#0563C1;
        text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
        {mso-style-priority:99;
        color:#954F72;
        text-decoration:underline;}
span.EmailStyle17
        {mso-style-type:personal-compose;
        font-family:"Calibri",sans-serif;
        color:windowtext;}
.MsoChpDefault
        {mso-style-type:export-only;
        font-family:"Calibri",sans-serif;}
@page WordSection1
        {size:8.5in 11.0in;
        margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
        {page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
</head>
<body lang="EN-US" link="#0563C1" vlink="#954F72">
<div class="WordSection1">
<p class="MsoNormal">Please note IBRD comments for your attention.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="681" style="width:510.75pt;border-collapse:collapse">
<tbody>
<tr style="height:12.0pt">
<td colspan="2" style="padding:0in 0in 0in 0in;height:12.0pt">
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#032A45">Sandie Okoro</span></b><span style="color:#1F497D"><br>
</span><b><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:#2E74B5">Senior Vice President and Group General Counsel</span></b><span style="color:#1F497D"><br>
<img width="1" height="1" style="width:.0104in;height:.0104in" id="Picture_x0020_3" src="cid:image001.png@01D55371.9E49E370" alt="cid:0__=0ABBF7C2DFCA3A248f9e@wb.ad.worldbank.org"><br>
</span><b><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:#1F497D">The World Bank Group</span></b><span style="color:#1F497D"><br>
</span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:#00AEEF">T
</span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:#032A45">+1 (202) 473-0050</span><span style="color:#1F497D"><br>
</span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:#00AEEF">F
</span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:#032A45">202-522-1589</span><span style="color:#1F497D"><br>
</span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:#00AEEF">E
</span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:#0384CE"><a href="mailto:sokoro@worldbank.org"><span style="color:#0563C1">sokoro@worldbank.org</span></a></span><span style="color:#1F497D"><br>
</span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:#00AEEF">W
</span><span style="color:#1F497D"><a href="http://www.worldbank.org/"><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:#032A45;text-decoration:none">www.worldbank.org</span></a><br>
</span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:#00AEEF">1818 H Street, NW - Washington DC 20433, USA</span><span style="color:#1F497D"><br>
<img border="0" width="238" height="48" style="width:2.4791in;height:.5in" id="Picture_x0020_4" src="cid:image002.png@01D55371.9E49E370" alt="cid:1__=0ABBF7C2DFCA3A248f9e@wb.ad.worldbank.org"><o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-family:"Arial",sans-serif;color:#032A45"><o:p> </o:p></span></b></p>
</td>
</tr>
<tr style="height:12.0pt">
<td width="681" colspan="2" style="width:510.75pt;padding:0in 0in 0in 0in;height:12.0pt">
<p class="MsoNormal"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#333333"><o:p> </o:p></span></p>
</td>
</tr>
<tr style="height:12.0pt">
<td width="15" style="width:11.1pt;padding:0in 0in 0in 0in;height:12.0pt">
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#00AEEF"><o:p> </o:p></span></p>
</td>
<td width="666" style="width:499.65pt;padding:0in 0in 0in 0in;height:12.0pt">
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#032A45"><o:p> </o:p></span></p>
</td>
</tr>
<tr style="height:12.0pt">
<td width="15" style="width:11.1pt;padding:0in 0in 0in 0in;height:12.0pt">
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#00AEEF"><o:p> </o:p></span></p>
</td>
<td width="666" style="width:499.65pt;padding:0in 0in 0in 0in;height:12.0pt">
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#032A45"><o:p> </o:p></span></p>
</td>
</tr>
<tr style="height:12.0pt">
<td width="15" style="width:11.1pt;padding:0in 0in 0in 0in;height:12.0pt">
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#00AEEF"><o:p> </o:p></span></p>
</td>
<td width="666" style="width:499.65pt;padding:0in 0in 0in 0in;height:12.0pt">
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#032A45"><o:p> </o:p></span></p>
</td>
</tr>
<tr style="height:12.0pt">
<td colspan="2" valign="bottom" style="padding:0in 0in 0in 0in;height:12.0pt">
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#00AEEF"><o:p> </o:p></span></p>
</td>
</tr>
<tr style="height:12.0pt">
<td colspan="2" valign="bottom" style="padding:0in 0in 0in 0in;height:12.0pt">
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#00AEEF"><o:p> </o:p></span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
</body>
</html>