Subject: RE: Status of effectiveness condition and Designated Account
From: Tamar Gabunia <[email-masked]>
To: Maddalena Honorati <[email-masked]>, Tamar Barkalaia <[email-masked]>
Cc: Volkan Cetinkaya <[email-masked]>, Damir Leljak <[email-masked]>, Djamshid Iriskulov <[email-masked]>, Prachi Shrikant Tadsare <[email-masked]>, Lela Ghongadze <[email-masked]>, "[email-masked]" <[email-masked]>, Gabriel Francis <[email-masked]>, Anna Berdzenadze <[email-masked]>, Dorota Agata Nowak <[email-masked]>
Date: Mon, 18 May 2020 08:05:03 +0000

Dear Maddalena

Many thanks for introducing Ms. Anna Bedrzenadze. We will follow up with her on the account registration.

Best

Tamar

From: Maddalena Honorati [mailto:[email-masked]]
Sent: 18 May, 2020 11:15
To: Tamar Gabunia <[email-masked]>; Tamar Barkalaia <[email-masked]>
Cc: Volkan Cetinkaya <[email-masked]>; Damir Leljak <[email-masked]>; Djamshid Iriskulov <[email-masked]>; Prachi Shrikant Tadsare <[email-masked]>; Lela Ghongadze <[email-masked]>; [email-masked]; Gabriel Francis <[email-masked]>; Anna Berdzenadze <[email-masked]>; Dorota Agata Nowak <[email-masked]>
Subject: RE: Status of effectiveness condition and Designated Account

Dear Tamar and Tamila,

In follow up to the email below, I am copying and introducing Anna Berdzenadze who will support you register with the Client Connection portal along with Damir and Djamshid who will help set up the designated account.

Looking forward to hearing from you,

Maddalena

From: Maddalena Honorati
Sent: Friday, May 15, 2020 11:04 AM
To: Tamar Gabunia <[email-masked]>; 'Tamar Barkalaia' <[email-masked]>
Cc: Volkan Cetinkaya <[email-masked]>; Damir Leljak <[email-masked]>; Djamshid Iriskulov <[email-masked]>; Prachi Shrikant Tadsare <[email-masked]>; Lela Ghongadze <[email-masked]>; 'Nino Moroshkina' <[email-masked]>; Gabriel Francis <[email-masked]>
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

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+1 202 458 1878

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[email-masked]