To keep you posted on this. No action is required on our side.
From: Luis M. Schwarz [mailto:lschwarz@worldbank.org]
Sent: 20 April, 2020 17:08
To: Salome Chakvetadze
Cc: Volkan Cetinkaya
Subject: RE: PIU sample TORs and next steps
Dear colleagues and MoF/MoH representatives,
Thank you so much for the signed LCW form. I noticed the amount you included is higher EUR 73.6m, than the current EUR equivalent for USD 80m = EUR 73.1m.
You also selected the Automatic-Rate Fixing (ARF) by amount. You chose the total amount of the loan as the amount to fix the rate. I am not sure there is a particular reason for selecting the total amount and not partial disbursed amounts (i.e. like every EUR 20m or after 50% of the amount disbursed, etc). At the end of the day, this is your decision and I will accept it.
Maddalena and Volkan,
Please let me know if you would be able to increase the USD 80m to keep the EUR 73.6m or the MoF has to resend a revised LCW. See attached draft Amortization Schedule.
Best regards,
Luis M. Schwarz Kalijman, Senior Finance Officer – Finance Operations
WFALN - Finance & Accounting, World Bank Group, Washington, DC 20433
Staff Association – Delegate and Chair of the Healthy Staff Working Group
' (202) 458-2413 7 (202) 522-1647 * lschwarz@worldbank.org þ www.worldbank.org
The Dalai Lama, the importance of mindfulness:
"The motivations of man, because he sacrifices his health in order to make money, then he sacrifices money to recuperate his health, and then he is so anxious about the future that he does not enjoy the present the result being that he does not live in the present nor the future, rather he lives as if he is never going to die, and then eventually he dies, having never really lived."
From: Salome Chakvetadze <S.Chakvetadze@mof.ge>
Sent: Monday, April 20, 2020 6:41 AM
To: Maddalena Honorati <mhonorati@worldbank.org>; n.gagua@mof.ge
Cc: Volkan Cetinkaya <vcetinkaya@worldbank.org>; Ekaterine Guntsadze <E.Guntsadze@mof.ge>; Tamar Gabunia <tgabunia@moh.gov.ge>; Tamar Barkalaia <tbarkalaia@moh.gov.ge>; Giorgi Kakauridze <giorgi.kakauridze@mof.ge>; nino_moroshkina@yahoo.com; Alicia C. Marguerie <amarguerie@worldbank.org>; Roberto Claudio Sormani <rsormani@worldbank.org>; Lire Ersado <lersado@worldbank.org>; Lela Ghongadze <lghongadze@worldbank.org>; Iryna Postolovska <ipostolovska@worldbank.org>; Adrien Arnoux Dozol <adozol@worldbank.org>; Ha Thi Hong Nguyen <hnguyen19@worldbank.org>; Abdulaziz Faghi <afaghi@worldbank.org>; Aleksandre.tevdoradze@georoad.ge; Jelena Lukic <jlukic@worldbank.org>; kdemetrashvili <kdemetrashvili@spa.ge>; Darejan Kapanadze <dkapanadze@worldbank.org>; Djamshid Iriskulov <diriskulov@worldbank.org>; Nino Ramishvili <nramishvili@worldbank.org>; Tamar Tsenteradze <ttsenteradze@worldbank.org>; Prachi Shrikant Tadsare <ptadsare@worldbank.org>; Djamshid Iriskulov <diriskulov@worldbank.org>; Luis M. Schwarz <lschwarz@worldbank.org>; Damir Leljak <dleljak@worldbank.org>
Subject: RE: PIU sample TORs and next steps
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Dear Maddalena,
Please find attached the loan choice worksheet.
Kind regards,
Salome
From: Maddalena Honorati <mhonorati@worldbank.org>
Sent: Sunday, April 19, 2020 9:22 PM
To: Nikoloz Gagua <N.Gagua@mof.ge>
Cc: Volkan Cetinkaya <vcetinkaya@worldbank.org>; Ekaterine Guntsadze <E.Guntsadze@mof.ge>; Salome Chakvetadze <S.Chakvetadze@mof.ge>; Tamar Gabunia <tgabunia@moh.gov.ge>; Tamar Barkalaia <tbarkalaia@moh.gov.ge>; Giorgi Kakauridze <giorgi.kakauridze@mof.ge>; nino_moroshkina@yahoo.com; Alicia C. Marguerie <amarguerie@worldbank.org>; Roberto Claudio Sormani <rsormani@worldbank.org>; Lire Ersado <lersado@worldbank.org>; Lela Ghongadze <lghongadze@worldbank.org>; Iryna Postolovska <ipostolovska@worldbank.org>; Adrien Arnoux Dozol <adozol@worldbank.org>; Ha Thi Hong Nguyen <hnguyen19@worldbank.org>; Abdulaziz Faghi <afaghi@worldbank.org>; Aleksandre.tevdoradze@georoad.ge; Jelena Lukic <jlukic@worldbank.org>; kdemetrashvili <kdemetrashvili@spa.ge>; Darejan Kapanadze <dkapanadze@worldbank.org>; Djamshid Iriskulov <diriskulov@worldbank.org>; Nino Ramishvili <nramishvili@worldbank.org>; Tamar Tsenteradze <ttsenteradze@worldbank.org>; Prachi Shrikant Tadsare <ptadsare@worldbank.org>; Djamshid Iriskulov <diriskulov@worldbank.org>; Luis M. Schwarz <lschwarz@worldbank.org>; Damir Leljak <dleljak@worldbank.org>
Subject: PIU sample TORs and next steps
Dear Niko,
As discussed last Friday, please find attached:
1) Samples of Terms of Reference for the following Project Implementation Unit (PIU) consultants: coordinator, procurement specialist, financial management specialist, social and environmental specialist (may be one or two consultants)
2) A generic sample for a Project Operations Manual (POM) for COVID Emergency operations. Please note our POM will need to describe the flow of funds for the three types of cash transfers under components 2, how the flow of funds will be managed from the Designated Account to final beneficiaries as well as the roles and responsibilities of each agency involved.
Next steps:
- Our team stands ready to support you and Tamar establish the PIU and finalize the POM the sooner, in order to implement eh project immediately.
- We’d appreciate if you could please confirm the eligible expenditures and amount for retroactive financing.
- We look forward to receiving the LCW tomorrow
- Please confirm the timeline and type of legislation needed for the introduction of (i) the temporary emergency benefit for vulnerable households and (ii) the temporary unemployment benefits
- We’ll provide you with the Georgian translation of the Stakeholder Plan and ESCP document by tomorrow , latest on Tuesday. We welcome your comments. A kind reminder to please publicly disclose them before April 23 in the ministry’s website.
Looking forward to hearing from you and all the best,
Maddalena
Maddalena Honorati | |
Senior Economist | |
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Social Protection & Labor | |
T | +1 202 458 1878 |
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