Dear Maddalena,

As it is mentioned in the email below we will receive PAD today. We need to have this document in order to start our internal procedure for obtaining the authorization for negotiations. We have just two working days to finalize our procedures. Usually it takes more than week and we have to proceed it in very tight timeline.  Can you confirm that we will have PAD during the day?

Thank you in advance.

Kind regards,

Salome

Dear Niko, Tamar and Tamila,

We confirm we will have the appraisal VC meeting on Friday starting 7 AM DC time (3PM Tbilisi time). Lela will send the connection details and we plan to send you the draft PAD ahead on the meeting.

We have been encouraged by our management to negotiate the project the sooner. Hence we’d like to explore with you the possibility to (i) negotiate on Tuesday April 28 starting 3 PM Tbilisi time and (ii) whether you could have the drafts of the decrees ready by negotiations. As the two decrees are conditions for disbursement, please kindly confirm by when you plan to have the decrees adopted.

Warm regards,

Volkan and Maddalena