Common use of Permitted Accounts Clause in Contracts

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing account (the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account (the “Local Account”) at a commercial bank that is procured through a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other interest-bearing accounts to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account other than MCC Funding and Accrued Interest thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Parties, the Government shall ensure that MCA-Vanuatu enters into an agreement with each Bank, respectively, satisfactory to MCC, that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to the Permitted Account, respectively (each a “Bank Agreement”). For purposes of this Compact, any bank holding an account referenced in Section 4(d) of this Program Annex are each a “Bank” and, are collectively referred to as the “Banks.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing account (the “Special Account”) at the Reserve Bank of Vanuatu a commercial bank that is procured through a competitive process to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu Georgia account (the “Local Account”) at a the commercial bank that is procured through a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other interest-bearing accounts to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account other than MCC Funding and Accrued Interest thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Parties, the Government shall ensure that MCA-Vanuatu Georgia enters into an agreement with each Bank, respectively, satisfactory to MCC, that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to the Permitted Account, respectively (each each, a “Bank Agreement”). For purposes of this Compact, any bank holding an account referenced in Section 4(d) of this Program Annex are each a “Bank” and, are collectively referred to as the “Banks.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing Any Grant funding to be disbursed to a bank account (of the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu Government or Accountable Entity must be deposited in a bank account (the “Local Account”) at a commercial bank that is procured through a competitive process to which established by the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for Government or the purpose of making Re-Disbursements payable in local currency; and (iii) Such other interest-bearing accounts to receive MCC Disbursements in such banks Accountable Entity, as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account other than MCC Funding and Accrued Interest thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree applicable, in the respective Bank Agreement local currency of The Gambia or otherwise. MCC shall have the rightUnited States dollars, among other things, to view any Permitted Account statements and activity directly on-line or at such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Parties, at a financial institution acceptable to MCC. With prior MCC approval, the Accountable Entity may establish such other bank accounts as are needed for the purposes of implementing the Program (each such other bank account, together with the Local Account, a “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government shall ensure that MCA-Vanuatu the Accountable Entity enters into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, that with the financial institution approved by MCC to hold such Permitted Account (each, a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to the such Permitted AccountAccount (each, respectively (each a “Bank Agreement”). For purposes The Bank shall be a commercial financial institution unless MCC otherwise agrees. The terms and operation of the Permitted Accounts shall be set forth in the Fiscal Accountability Plan and the Bank Agreement. (ii) Unless MCC agrees otherwise, Grant funding held in a Permitted Account shall accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this CompactAgreement or the relevant Bank Agreement, the Government shall ensure the transfer to MCC of any bank holding an account referenced interest accrued on amounts held in Section 4(da Permitted Account. (iii) Unless MCC agrees otherwise, no funds shall be commingled in a Permitted Account other than Grant funding and accrued interest and earnings thereon. MCC has the right, among other things, to view any Permitted Account statements and activity directly on-line, and where such viewing is not feasible, the Government shall provide copies of this Program Annex are each such statements to MCC upon its request. (iv) Unless MCC agrees otherwise, if Grant funding is held in any Permitted Account other than the Local Account, the Government shall ensure that such Grant funding is denominated in United States dollars prior to release. Unless MCC agrees otherwise, to the extent that any amount of Grant funding held by a “Bank” andBank in United States dollars must be exchanged into the currency of The Gambia for any purpose, are collectively referred to as the “BanksGovernment shall ensure that such exchange is consistent with the requirements of the Bank Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interestAny MCC Funding to be disbursed to a bank account must be deposited in an account established by MCA-bearing account (Benin II in the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account Benin (the “Local Account”) at a commercial bank that is procured through financial institution acceptable to MCC, such Local Account to be interest-bearing to the extent practicable. The Local Account will be a competitive process Permitted Account. MCC and MCA-Benin II also may mutually agree in writing to which the Fiscal Agent may authorize transfer from any U.S. Dollar establishment of a Permitted Account for the purpose deposit of making Rethe Government Contribution (the “Government Account”), and additional Permitted Accounts from time to time at financial institutions acceptable to MCC. MCA-Disbursements payable in local currency; andBenin II will notify MCC promptly if any account information for a Permitted Account changes during the Compact Term and provide MCC with the updated information. (iiiii) Such other interest-bearing accounts to receive Unless otherwise authorized by MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other , no funds shall will be commingled co- mingled in a Permitted Account other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held The Government Contribution will be kept in an interest-bearing a Government Account and no other funds will be commingled in such Permitted Account shall earn other than the Government Contribution and interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwiseaccrued thereon. MCC shall will have the right, among other things, to view any Permitted Account statements and activity directly on-line line, and where such viewing is not feasible, MCA- Benin II will provide copies of such statements to MCC upon its request. Before any MCC Funding or at such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the PartiesGovernment Contribution is deposited into a Permitted Account, the Government shall ensure that MCA-Vanuatu enters Benin II will enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of this CompactMCC, will be the sole signatories on each Permitted Account. (iii) MCC Funding or Government Contribution held in separate Permitted Accounts will accrue interest or other earnings in accordance with the Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the Bank Agreement, MCA-Benin II will ensure the transfer of all interest accrued on MCC Funding to MCC. Accrued interest on the Government Contribution held in a Permitted Account will be transferred by the Bank to the Government according to instructions agreed upon between MCA-Benin and the Government, unless otherwise agreed between those two entities. (iv) Unless MCC agrees otherwise in writing, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, the Government will ensure that such MCC Funding will be denominated in Section 4(d) the currency of this Program Annex are each a “Bank” andthe United States of America prior to its expenditure or transfer to the Local Account. To the extent that any amount of MCC Funding held in U.S. Dollars must be converted into the currency of Benin for any purpose, are collectively referred to as MCA-Benin II will ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interestAny MCC Funding to be disbursed to a bank account must be deposited in an account established by MCA-bearing account (Côte d’Ivoire in the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account Côte d’Ivoire (the “Local Account”) at a commercial bank that is procured through financial institution acceptable to MCC, such Local Account to be interest- bearing to the extent practicable. The Local Account will be a competitive process Permitted Account. MCC and MCA-Côte d’Ivoire also may mutually agree in writing to the establishment of additional Permitted Accounts from time to time at financial institutions acceptable to MCC, which additional Permitted Accounts will also be interest bearing to the Fiscal Agent may authorize transfer from extent practicable. MCA-Côte d’Ivoire agrees to notify MCC promptly if any U.S. Dollar account information for a Permitted Account for changes during the purpose of making Re-Disbursements payable in local currency; andCompact Term and provide MCC with the updated information. (iiiii) Such other interest-bearing accounts to receive Unless otherwise authorized by MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other , no funds shall will be commingled co- mingled in a Permitted Account other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall will have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Côte d’Ivoire agrees to provide copies of such statements to MCC upon its request. Before any MCC Funding is deposited into a Permitted Account, MCA-Côte d’Ivoire agrees to enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of this CompactMCC, will be the sole signatories on each Permitted Account. (iii) MCC Funding held in a Permitted Account will accrue interest or other earnings in accordance with the Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the Bank Agreement, MCA-Côte d’Ivoire agrees to ensure the transfer of all accrued interest to MCC. (iv) Unless MCC agrees otherwise in writing, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, MCA-Côte d’Ivoire agrees to ensure that such MCC Funding will be denominated in Section 4(d) the currency of this Program Annex are each a “Bank” andthe United States of America prior to its expenditure or transfer to the Local Account. To the extent that any amount of MCC Funding held in U.S. Dollars must be converted into the currency of Côte d’Ivoire for any purpose, are collectively referred MCA- Côte d’Ivoire agrees to as ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interestAny MCC Funding to be disbursed to a bank account must be deposited in an account established by MCA-bearing account (Morocco in the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account Morocco (the “Local Account”) at a commercial bank that is procured through financial institution acceptable to MCC, such Local Account to be interest- bearing to the extent practicable. The Local Account will be a competitive process Permitted Account. MCC and MCA-Morocco also may mutually agree in writing to which the Fiscal Agent may authorize transfer establishment of additional Permitted Accounts from time to time at financial institutions acceptable to MCC. MCA-Morocco will notify MCC promptly if any U.S. Dollar account information for a Permitted Account for changes during the purpose of making Re-Disbursements payable in local currency; andCompact Term and provide MCC with the updated information. (iiiii) Such other interest-bearing accounts to receive Unless otherwise authorized by MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other , no funds shall will be commingled co- mingled in a Permitted Account other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall will have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Morocco will provide copies of such statements to MCC upon its request. Before any MCC Funding is deposited into a Permitted Account, MCA-Morocco will enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of this CompactMCC, will be the sole signatories on each Permitted Account. (iii) MCC Funding held in a Permitted Account will accrue interest or other earnings in accordance with the Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the Bank Agreement, MCA-Morocco will ensure the transfer of all accrued interest to MCC. (iv) Unless MCC agrees otherwise in writing, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, MCA-Morocco will ensure that such MCC Funding will be denominated in Section 4(d) the currency of this Program Annex are each a “Bank” andthe United States of America prior to its expenditure or transfer to the Local Account. To the extent that any amount of MCC Funding held in U.S. Dollars must be converted into the currency of Morocco for any purpose, are collectively referred to as MCA- Morocco will ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing Any Grant funding to be disbursed to a bank account (of the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu Government or Accountable Entity must be deposited in a bank account (the “Local Account”) at a commercial bank that is procured through a competitive process to which established by the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for Government or the purpose of making Re-Disbursements payable in local currency; and (iii) Such other interest-bearing accounts to receive MCC Disbursements in such banks Accountable Entity, as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account other than MCC Funding and Accrued Interest thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree applicable, in the respective Bank Agreement local currency of Mauritania or otherwise. MCC shall have the rightUnited States dollars, among other things, to view any Permitted Account statements and activity directly on-line or at such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Parties, at a financial institution acceptable to MCC. With prior MCC approval, the Accountable Entity may establish such other bank accounts as are needed for the purposes of implementing the Program (each such other bank account, together with the Local Account, a “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government shall ensure that MCA-Vanuatu the Accountable Entity enters into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, that with the financial institution approved by MCC to hold such Permitted Account (each, a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to the such Permitted AccountAccount (each, respectively (each a “Bank Agreement”). For purposes The Bank shall be a commercial financial institution unless MCC otherwise agrees. The terms and operation of the Permitted Accounts shall be set forth in the Fiscal Accountability Plan and the Bank Agreement. (ii) Unless MCC agrees otherwise, Grant funding held in a Permitted Account shall accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this CompactAgreement or the relevant Bank Agreement, the Government shall ensure the transfer to MCC of any bank holding an account referenced interest accrued on amounts held in Section 4(da Permitted Account. (iii) Unless MCC agrees otherwise, no funds shall be commingled in a Permitted Account other than Grant funding and accrued interest and earnings thereon. MCC has the right, among other things, to view any Permitted Account statements and activity directly on- line, and where such viewing is not feasible, the Government shall provide copies of this Program Annex are each such statements to MCC upon its request. (iv) Unless MCC agrees otherwise, if Grant funding is held in any Permitted Account other than the Local Account, the Government shall ensure that such Grant funding is denominated in United States dollars prior to release. Unless MCC agrees otherwise, to the extent that any amount of Grant funding held by a “Bank” andBank in United States dollars must be exchanged into the currency of Mauritania for any purpose, are collectively referred to as the “BanksGovernment shall ensure that such exchange is consistent with the requirements of the Bank Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing Any MCC Funding to be disbursed to a bank account (must be deposited in an account established by MiDA in the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account Ghana (the “Local Account”) at a commercial bank that is procured through a competitive process financial institution acceptable to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted MCC, such Local Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other to be interest-bearing accounts to receive the extent practicable. The Local Account will be a Permitted Account. MCC Disbursements in such banks as the Parties and XxXX also may mutually agree upon in writing to the establishment of additional Permitted Accounts from time to time at financial institutions acceptable to MCC. MiDA will notify MCC promptly if any account information for a Permitted Account changes during the Compact Term and provide MCC with the updated information. (ii) Unless otherwise authorized by MCC in writing. No other , no funds shall will be commingled co- mingled in a Permitted Account other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall will have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agreeviewing is not feasible, MiDA will provide copies of such statements to MCC upon its request. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the PartiesBefore any MCC Funding is deposited into a Permitted Account, the Government shall ensure that MCA-Vanuatu enters XxXX will enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-anti- terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of this CompactMCC, will be the sole signatories on each Permitted Account. (iii) MCC Funding held in a Permitted Account will accrue interest or other earnings in accordance with the Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the Bank Agreement, MiDA will ensure the transfer of all accrued interest to MCC. (iv) Unless MCC agrees otherwise in writing, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, MiDA will ensure that such MCC Funding will be denominated in Section 4(d) the currency of this Program Annex are each a “Bank” andthe United States of America prior to its expenditure or transfer to the Local Account. To the extent that any amount of MCC Funding held in U.S. Dollars must be converted into the currency of Ghana for any purpose, are collectively referred to as MiDA will ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing Any Grant funding to be disbursed to a bank account (the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu must be deposited in a bank account (the “Local Account”) at a commercial bank that is procured through a competitive process to which established by the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other interest-bearing accounts to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account other than MCC Funding and Accrued Interest thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree Accountable Entity in the respective Bank Agreement local currency of Honduras or otherwise. MCC shall have the rightUnited States dollars, among other things, to view any Permitted Account statements and activity directly on-line or at such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Parties, at a financial institution acceptable to MCC. With prior MCC approval, the Accountable Entity may establish such other bank accounts as are needed for the purposes of implementing the Program (each such other bank account, together with the Local Account, a “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government shall will ensure that MCA-Vanuatu the Accountable Entity enters into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, that with the financial institution approved by MCC to hold such Permitted Account (each a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to the such Permitted Account, respectively Account (each a “Bank Agreement”). For purposes The terms and operation of the Permitted Accounts will be set forth in the Fiscal Accountability Plan and the Bank Agreement. (ii) Unless MCC agrees otherwise, Grant funding held in a Permitted Account will accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this CompactAgreement or the relevant Bank Agreement, the Government will ensure the transfer to MCC of any bank holding an account referenced interest accrued on amounts held in Section 4(da Permitted Account. (iii) Unless MCC agrees otherwise, no other funds will be commingled in a Permitted Account other than funding from MCC and accrued interest thereon. MCC will have the right, among other things, to view any Permitted Account statements and activity directly on- line, and where such viewing is not feasible, the Government will provide copies of this Program Annex are each a “Bank” andsuch statements to MCC upon its request. (iv) Unless MCC agrees otherwise, are collectively referred if Grant funding is held in any Permitted Account other than the Local Account, the Government will ensure that such Grant funding will be denominated in United States dollars prior to release. To the extent that any amount of Grant funding held by the Bank in United States dollars must be exchanged into the currency of Honduras for any purpose, the Government will ensure that such exchange is consistent with the requirements of the Bank Agreement or as otherwise agreed in writing by the “BanksParties.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A singleAny MCC Funding to be disbursed to a bank account must be deposited in one or more Permitted Accounts, completely separate U.S. Dollar which shall be established by MCA-Niger and must be held at a financial institution acceptable to MCC and interest-bearing account (to the “Special Account”) at extent practicable. MCA- Niger may designate one of the Reserve Bank of Vanuatu Permitted Accounts to receive MCC Disbursements; (ii) If necessary, an interest-bearing hold funds denominated in the local currency of Vanuatu account Niger (the “Local Account”) at and unless otherwise agreed by MCC, shall designate one of the Permitted Accounts solely for the deposit of the Government Contribution (“Government Account”). MCA-Niger shall notify MCC promptly if any account information for a commercial bank that is procured through a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for changes during the purpose of making Re-Disbursements payable in local currency; andCompact Term and provide MCC with the updated information. (iiiii) Such other interest-bearing accounts Unless otherwise authorized by MCC in writing, no funds shall be co- mingled in any Permitted Account set up to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account Funding other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account Likewise, no funds other than the Government Contribution and accrued interest and earnings thereon shall earn interest at a rate of no less than such amount as the Parties may agree be commingled in the respective Bank Agreement or otherwiseGovernment Account. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Niger shall provide copies of such statements to MCC upon its request. Before any MCC Funding or Government Contribution is deposited into a Permitted Account, MCA-Niger shall enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of this CompactMCC, shall be the sole signatories on each Permitted Account. (iii) MCC Funding or Government Contribution proceeds held in the Permitted Accounts may accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the applicable Bank Agreement, MCA-Niger shall ensure the transfer of all accrued interest on MCC Funding to MCC. Accrued interest on the Government Contribution held in a Permitted Account shall be retained in such account until the funds may be transferred to the Government according to instructions agreed upon between the Bank and the Government. (iv) Unless MCC agrees otherwise in writing, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, MCA-Niger shall ensure that such MCC Funding shall be denominated in Section 4(d) the currency of this Program Annex are each a “Bank” andthe United States of America prior to its expenditure or transfer to the Local Account. To the extent that any amount of MCC Funding held in United States Dollars must be converted into the currency of Niger for any purpose, are collectively referred to as MCA-Niger shall ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing Any Grant funding to be disbursed to a bank account (the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu must be deposited in a bank account (the “Local Account”) at a commercial bank that is procured through a competitive process to which established by the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other interest-bearing accounts to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account other than MCC Funding and Accrued Interest thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree Accountable Entity in the respective Bank Agreement local currency of Kosovo or otherwise. MCC shall have the rightUnited States dollars, among other things, to view any Permitted Account statements and activity directly on-line or at such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Parties, at a financial institution acceptable to MCC. With prior MCC approval, the Accountable Entity may establish such other bank accounts as are needed for the purposes of implementing the Program (each such other bank account, together with the Local Account, a “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government shall will ensure that MCA-Vanuatu the Accountable Entity enters into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, that with the financial institution approved by MCC to hold such Permitted Account (each a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to the such Permitted Account, respectively Account (each a “Bank Agreement”). For purposes The terms and operation of the Permitted Accounts will be set forth in the Fiscal Accountability Plan and the Bank Agreement. (ii) Unless MCC agrees otherwise, Grant funding held in a Permitted Account will accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this CompactAgreement or the relevant Bank Agreement, the Accountable Entity will ensure the transfer to MCC of any bank holding an account referenced interest accrued on amounts held in a Permitted Account. (iii) Unless MCC agrees otherwise, no funds will be commingled in a Permitted Account other than Grant funding and accrued interest and earnings thereon. MCC will have the right, among other things, to view any Permitted Account statements and activity directly on-line, and where such viewing is not feasible, the Accountable Entity will provide copies of such statements to MCC upon its request. (iv) Unless MCC agrees otherwise, if Grant funding is held in any Permitted Account other than the Local Account, the Accountable Entity will ensure that such Grant funding will be denominated in United States dollars prior to release. To the extent that any amount of Grant funding held by the Bank in United States dollars must be exchanged into the currency of Kosovo for any purpose, the Government will ensure that such exchange is consistent with Section 4(d) 2.5 and the requirements of this Program Annex are each a “Bank” and, are collectively referred to as the “BanksBank Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interestAny MCC Funding to be disbursed to a bank account must be deposited in an account established by MCA-bearing account (Nepal in the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account Nepal (the “Local Account”) at a commercial bank that is procured through a competitive process financial institution acceptable to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted MCC, such Local Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other to be interest-bearing accounts to receive the extent practicable. The Local Account will be a Permitted Account. MCC Disbursements in such banks as the Parties and MCA-Nepal also may mutually agree upon in writing to the establishment of additional Permitted Accounts from time to time at financial institutions acceptable to MCC. MCA-Nepal will notify MCC promptly if any account information for a Permitted Account changes during the Compact Term and provide MCC with the updated information. (ii) Unless otherwise authorized by MCC in writing. No other , no funds shall will be commingled co- mingled in a Permitted Account other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall will have the right, among other things, to view any Permitted Account statements and activity directly on-line or at online, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Nepal will provide copies of such written statements to MCC upon MCC’s request. Before any MCC Funding is deposited into a Permitted Account, MCA-Nepal will enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-anti- money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of MCC, will be the sole signatories on each Permitted Account. (iii) MCC Funding held in a Permitted Account will accrue interest or other earnings in accordance with the Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the Bank Agreement, MCA-Nepal will ensure the transfer of all accrued interest on the United States Dollar Permitted Accounts to MCC. (iv) Unless MCC agrees otherwise in writing, MCC Funding will be held in an authorized Permitted Account. To the extent that any amount of MCC Funding held in U.S. Dollars must be converted into the currency of Nepal for any purpose, MCA-Nepal will ensure that such amount is converted consistent with the requirements of the Bank Agreement or any other applicable Supplemental Agreement. Conditions Precedent to Disbursement of Compact Development Funding. Prior to the initial Disbursement of Compact Development Funding or any subsequent Disbursement of Compact Development Funding, the applicable conditions set forth in Annex IV to the Compact must have been met to MCC’s satisfaction. Conditions Precedent to the Initial Disbursement of Program Funding. Unless waived or deferred by MCC, the conditions of this Compact, any bank holding an account referenced Section 3.3 and the conditions set forth in Section 4(d3.4 must have been met to MCC’s satisfaction prior to the initial Disbursement of Program Funding: (a) Entry into Force. The Compact has entered into force as provided in Article 7 of this Program Annex are each a “Bank” and, are collectively referred to as the “BanksCompact.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interestAny MCC Funding to be disbursed to a bank account must be deposited in an account established by MCA-bearing account (El Salvador in the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account El Salvador (the “Local Account”) ), such Local Account, and each other such account, a Permitted Account, to be established at a commercial bank that is procured through financial institution acceptable to MCC. MCC and MCA-El Salvador shall mutually agree in writing to the establishment of a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose deposit of making Rethe Government Contribution (“Government Account”). Additional Permitted Accounts may be established from time to time subject to the mutual agreement of both MCA and MCC. MCA-Disbursements payable in local currency; andEl Salvador will notify MCC promptly if any account information for a Permitted Account changes during the Compact Term and provide MCC with the updated information. (iiiii) Such other interest-bearing accounts Unless otherwise authorized by MCC in writing, no funds will be co- mingled in the Permitted Account set up to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account Funding other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held The Government Contribution will be kept in an interest-bearing a Government Account and no other funds will be commingled in such Permitted Account shall earn other than the Government Contribution and any interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwiseaccrued thereon. MCC shall will have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters El Salvador will provide copies of such statements to MCC upon its request. Before any MCC Funding or Government Contribution is deposited into a Permitted Account, MCA-El Salvador will enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of this CompactMCC, will be the sole signatories on each Permitted Account. (iii) MCC Funding or Government Contribution held in separate Permitted Accounts may accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the relevant Bank Agreement, MCA-El Salvador will ensure the transfer of all accrued interest on MCC Funding to MCC. Accrued interest on the Government Contribution held in a Permitted Account shall be transferred to the Government according to instructions agreed upon between the Bank and the Government. (iv) Unless MCC agrees otherwise in writing, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, MCA-El Salvador will ensure that such MCC Funding will be denominated in Section 4(d) the currency of this Program Annex are each a “Bank” andthe United States of America prior to its expenditure or transfer to the Local Account. To the extent that any amount of MCC Funding held in U.S. Dollars must be converted into the currency of El Salvador for any purpose, are collectively referred to as MCA- El Salvador will ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing Any Grant funding to be disbursed to a bank account (the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu must be deposited in a bank account (the “Local Account”) at a commercial bank that is procured through a competitive process to which established by the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other interest-bearing accounts to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account other than MCC Funding and Accrued Interest thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree Accountable Entity in the respective Bank Agreement local currency of Sierra Leone or otherwise. MCC shall have the rightUnited States dollars, among other things, to view any Permitted Account statements and activity directly on-line or at such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Parties, at a financial institution acceptable to MCC. With prior MCC approval, the Accountable Entity may establish such other bank accounts as are needed for the purposes of implementing the Program (each such other bank account, together with the Local Account, a “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government shall will ensure that MCA-Vanuatu the Accountable Entity enters into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, that with the financial institution approved by MCC to hold such Permitted Account (each a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to the such Permitted Account, respectively Account (each a “Bank Agreement”). For purposes The terms and operation of the Permitted Accounts will be set forth in the Fiscal Accountability Plan and the Bank Agreement. (ii) Unless MCC agrees otherwise, Grant funding held in a Permitted Account will accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this CompactAgreement or the relevant Bank Agreement, the Government will ensure the transfer to MCC of any bank holding an account referenced interest accrued on amounts held in a Permitted Account. (iii) Unless MCC agrees otherwise, no funds will be commingled in a Permitted Account other than Grant funding and accrued interest and earnings thereon. MCC will have the right, among other things, to view any Permitted Account statements and activity directly on-line, and where such viewing is not feasible, the Government will provide copies of such statements to MCC upon its request. (iv) Unless MCC agrees otherwise, if Grant funding is held in any Permitted Account other than the Local Account, the Government will ensure that such Grant funding will be denominated in United States dollars prior to release. Unless MCC agrees otherwise, to the extent that any amount of Grant funding held by the Bank in United States dollars must be exchanged into the currency of Sierra Leone for any purpose, the Government will ensure that such exchange is consistent with Section 4(d) 2.5 and the requirements of this Program Annex are each a “Bank” and, are collectively referred to as the “BanksBank Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A singleUnless otherwise agreed by MCC, completely separate U.S. Dollar interestprior to the initial Disbursement of Program Funding (and prior to any applicable Disbursement of Compact Implementation Funding, as set forth in Annex IV to the Compact), MCA-Moldova will establish (1) an interest- bearing account (in the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account Moldova (the “Local Account”) at a commercial bank that is procured through a competitive process acceptable to which MCC, (2) an account denominated in United States Dollars (the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and “Special Account”), and (iii3) Such such other interest-bearing accounts to receive MCC Disbursements accounts, in such commercial banks as MCC and the Parties Government mutually agree upon in writing. No Such Local Account, Special Account and each such other account will be a Permitted Account. MCC and MCA-Moldova also may mutually agree in writing to the establishment of additional Permitted Accounts from time to time at commercial banks acceptable to MCC. (ii) Unless otherwise authorized by MCC, no other funds shall will be commingled in a Permitted Account other than MCC Funding and Accrued Interest accrued interest thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall will have the right, among other things, to view any Permitted Account statements and activity directly on-line or at on- line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that will provide copies of such statements to MCC upon its request. For the avoidance of doubt, the Fiscal Agent will be the sole signatory on each Permitted Account. Before any MCC Funding is deposited into a Permitted Account, MCA-Vanuatu enters Moldova will enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the commercial bank approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). (iii) MCC Funding held in a Permitted Account will accrue interest or other earnings in accordance with the Bank Agreement. For purposes On a quarterly basis, and upon the termination or expiration of this Compactthe Compact or the Bank Agreement, any bank holding an MCA-Moldova will ensure the transfer of all accrued interest to MCC. (iv) MCA-Moldova will provide in writing to MCC and the Fiscal Agent the account referenced in Section 4(d) of this Program Annex are each a “Bank” andname, are collectively referred designated account number, and wire transfer instructions for transfers to as Permitted Accounts (the “Banks.Account and Wire Transfer Information”) no later than ten (10) business days prior to the date on which the initial Disbursement is to be made to a Permitted Account. In the event that any Permitted Account or the related Account and Wire Transfer Information changes during the Compact Term, MCA-Moldova will provide to MCC and the Fiscal Agent the new information as soon as practicable, but in no event later than ten

Permitted Accounts. The Government (i) Unless MCC approves otherwise in writing, MCA-Zambia II shall establish, establish one or cause to be established, such more accounts in the local currency of Zambia (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing account (the “Special Local Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; and one or more accounts in United States Dollars (ii) If necessaryeach, an interest-bearing local currency of Vanuatu account (the a “Local USD Account”) at a commercial bank that financial institution acceptable to MCC. Each Local Account and USD Account is procured through considered a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other and must be interest-bearing to the extent practicable. In addition, MCC and MCA-Zambia II shall mutually agree in writing to the establishment of one or more additional bank accounts for the deposit of the Country Contribution (the “Country Account”), which shall also be considered a Permitted Account. MCA-Zambia II shall notify MCC promptly if any account information for a Permitted Account changes during the Compact Term and provide MCC with the updated information. (ii) Unless MCC approves otherwise in writing, no funds shall be co-mingled in any Permitted Account set up to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account Funding other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account Likewise, no funds other than the Country Contribution and accrued interest and earnings thereon shall earn interest at a rate of no less than such amount as the Parties may agree be commingled in the respective Bank Agreement or otherwiseCountry Account. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Zambia II shall provide copies of such statements to MCC upon its request. Before any MCC Funding or any portion of the Country Contribution is deposited into a Permitted Account, MCA-Zambia II shall enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain cases specified in the Bank Agreement, designated representatives of this CompactMCC, shall be the sole signatories on each Permitted Account. (iii) MCC Funding and the Country Contribution held in separate Permitted Accounts shall accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the relevant Bank Agreement, MCA-Zambia II shall ensure the transfer of all accrued interest on MCC Funding to MCC. Accrued interest on the Country Contribution held in a Permitted Account shall be retained in such account until the funds may be transferred to Zambia according to instructions agreed upon between the Bank and Zambia. (iv) Unless MCC approves otherwise in writing, MCA-Zambia II shall ensure that any bank holding an account referenced MCC Funding deposited in Section 4(d) a Local Account can be converted and deposited into a USD Account. To the extent that any amount of this Program Annex are each a “Bank” andMCC Funding held in United States Dollars must be converted into the currency of Zambia for any purpose as determined by MCC, are collectively referred to as MCA-Zambia II shall ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The Government (i) Unless MCC approves otherwise in writing, MCA-Indonesia II shall establish, establish one or cause to be established, such more accounts in the local currency of Indonesia (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing account (the “Special Local Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; and one or more accounts in United States Dollars (ii) If necessaryeach, an interest-bearing local currency of Vanuatu account (the a “Local USD Account”) at a commercial bank that financial institution acceptable to MCC. Each Local Account and USD Account is procured through considered a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other and must be interest-bearing to the extent practicable. In addition, MCC and MCA-Indonesia II shall mutually agree in writing to the establishment of one or more additional bank accounts for the deposit of the Government Contribution (the “Government Account”), which shall also be considered a Permitted Account. MCA-Indonesia II shall notify MCC promptly if any account information for a Permitted Account changes during the Compact Term and provide MCC with the updated information. (ii) Unless MCC approves otherwise in writing, no funds shall be co-mingled in any Permitted Account set up to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account Funding other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account Likewise, no funds other than the Government Contribution and accrued interest and earnings thereon shall earn interest at a rate of no less than such amount as the Parties may agree be commingled in the respective Bank Agreement or otherwiseGovernment Account. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Indonesia II shall provide copies of such statements to MCC upon its request. Before any MCC Funding or Government Contribution is deposited into a Permitted Account, MCA-Indonesia II shall enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of this CompactMCC, shall be the sole signatories on each Permitted Account. (iii) MCC Funding and the Government Contribution held in the Permitted Accounts may accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the relevant Bank Agreement, MCA-Indonesia II shall ensure the transfer of all accrued interest on MCC Funding to MCC. Accrued interest on the Government Contribution held in a Permitted Account shall be retained in such account until the funds may be transferred to the Government according to instructions agreed upon between the Bank and the Government. (iv) Unless MCC approves otherwise in writing, MCA-Indonesia II shall ensure that any bank holding an account referenced MCC Funding deposited to a Local Account can be converted and deposited into a USD Account. To the extent that any amount of MCC Funding held in Section 4(d) United States Dollars must be converted into the currency of this Program Annex are each a “Bank” andIndonesia for any purpose as determined by MCC, are collectively referred to as MCA- Indonesia II shall ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The Government (i) From time to time as authorized or directed by MCC, MMD shall establish, establish (or cause to be established) bank accounts, denominated in Malawian Kwacha or in U.S. Dollars, and on terms and at a financial institution acceptable to MCC, that are necessary or otherwise appropriate to fulfil the terms of this Agreement (any such accounts (eachaccount, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing account (the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account (the “Local Account”) at a commercial bank that ). Before any Grant funding is procured through a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other interest-bearing accounts to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in deposited into a Permitted Account other than MCC Funding and Accrued Interest thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the PartiesAccount, the Government shall enter, or ensure that MCA-Vanuatu enters the Permitted Designee enters, into an agreement with each Banka bank agreement, respectively, in form and substance satisfactory to MCC, that with the financial institution approved by MCC to hold such Permitted Account (each a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to the such Permitted Account, respectively Account (each a “Bank Agreement”). For purposes The terms and operation of the Permitted Accounts shall be set forth in the Interim Fiscal Accountability Plan and the Bank Agreement. (ii) Unless otherwise authorized by MCC, no other funds shall be commingled in a Permitted Account other than the Grant funding and any accrued interest thereon. Any funding contribution from the Government (the “Government Contribution”) shall be kept in a separate Permitted Account and no other funds shall be commingled in such Permitted Account other than the Government Contribution and any other interest accrued thereon. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on- line, and where such viewing is not feasible, the Government shall provide copies of such statements to MCC upon its request. (iii) The Government shall ensure that any Grant funding held in a Permitted Account accrues interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this CompactAgreement or the relevant Bank Agreement, the Government shall ensure the transfer of all interest accrued on any bank holding an Grant funding held in a Permitted Account to MCC. (iv) The Government shall provide in writing to MCC and the Fiscal Agent the account referenced in Section 4(dname, designated account number and wire transfer instructions for transfers to Permitted Accounts (the “Account and Wire Transfer Information”) no later than ten business days prior to the date on which the initial deposit is to be made to a Permitted Account. In the event that any Permitted Account or the related Account and Wire Transfer Information changes during the term of this Program Annex are Agreement, the Government shall provide to MCC and the Fiscal Agent the new information as soon as practicable, but in no event later than ten business days prior to the requested date for the next Disbursement. C onditions Precedent to the Initial Disbursement for Government-Contracted A ctivities. MCC’s approval of the initial Disbursement Request shall be subject to the satisfaction of each a “Bank” and, are collectively referred to of the following conditions (except as the “Banks.”such conditions may be waived or deferred by MCC in its sole discretion):

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A singleUnless MCC otherwise agrees in writing, completely separate U.S. Dollar any MCC Funding to be disbursed to a bank account must be deposited in an interest-bearing account (established by MCA-Indonesia in the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account Indonesia (the “Local Account”) at a commercial bank that is procured through financial institution acceptable to MCC. The Local Account will be a competitive process Permitted Account. MCC and MCA-Indonesia also may mutually agree in writing to which the Fiscal Agent may authorize transfer establishment of additional Permitted Accounts from time to time at financial institutions acceptable to MCC. MCA-Indonesia will notify MCC promptly if any U.S. Dollar account information for a Permitted Account for changes during the purpose of making Re-Disbursements payable in local currency; andCompact Term and provide MCC with the updated information. (iiiii) Such other interestUnless otherwise authorized by MCC, no funds will be co-bearing accounts to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled mingled in a Permitted Account other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall will have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Indonesia will provide copies of such statements to MCC upon its request. Before any MCC Funding is deposited into a Permitted Account, MCA-Indonesia will enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). The Fiscal Agent will be the sole signatory on each Permitted Account. For purposes the avoidance of this Compactdoubt, the Bank is the Trust Fund Manager under the Establishment Decree. (iii) In the event that MCC Funding held in a Permitted Account will accrue interest or other earnings in accordance with the Bank Agreement, then on a quarterly basis, and upon the termination or expiration of the Compact or the Bank Agreement, MCA-Indonesia will ensure the transfer of all accrued interest, if any, to MCC. (iv) Unless MCC agrees otherwise, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, MCA-Indonesia will ensure that such MCC Funding will be denominated in Section 4(d) the currency of this Program Annex are each a “Bank” andthe United States of America prior to its expenditure or transfer to the Local Account. To the extent that any amount of MCC Funding held in U.S. Dollars must be converted into the currency of Indonesia for any purpose, are collectively referred to as MCA-Indonesia will ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The (i) From time to time as authorized or directed by MCC, the Government shall establish, will establish (or cause to be established) bank accounts, denominated in Mongolian Tugrik or in U.S. Dollars, and on terms and at a financial institution acceptable to MCC, that are necessary or otherwise appropriate to fulfil the terms of this Agreement (any such accounts (eachaccount, a “Permitted Account,” ”). Before any Grant funding is deposited into a Permitted Account, the Government will enter, or ensure that its Permitted Designee enters, into a bank agreement, in form and collectively substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (each a “Bank”), which sets forth the signatory authority, access rights, anti- money laundering and anti-terrorist financing provisions, and other terms related to such Permitted AccountsAccount (each a “Bank Agreement”) as may ). The terms and operation of the Permitted Accounts will be agreed by set forth in the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing account (Interim Fiscal Accountability Plan and the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements;Agreement. (ii) If necessaryUnless otherwise authorized by MCC, an interest-bearing local currency of Vanuatu account (the “Local Account”) at a commercial bank that is procured through a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other interest-bearing accounts to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No no other funds shall will be commingled in a Permitted Account other than MCC Funding the Grant funding and Accrued Interest any accrued interest thereon. All MCC Funding held Any funding contribution from the Government (the “Government Contribution”) will be kept in an interest-bearing a separate Permitted Account shall earn and no other funds will be commingled in such Permitted Account other than the Government Contribution and any other interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwiseaccrued thereon. MCC shall will have the right, among other things, to view any Permitted Account statements and activity directly on-line or at on- line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall will provide copies of such statements to MCC upon its request. (iii) The Government will ensure that MCA-Vanuatu enters into an agreement Grant funding held in a Permitted Account accrues interest or other earnings in accordance with each Bankthe applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this Agreement or the relevant Bank Agreement, respectively, satisfactory the Government will ensure the transfer of all interest accrued on Grant funding held in a Permitted Account to MCC. (iv) The Government will provide in writing to MCC and the Fiscal Agent the account name, that sets forth designated account number and wire transfer instructions for transfers to Permitted Accounts (the signatory authority, access rights, anti-money laundering “Account and anti-terrorist financing provisions, and other terms related Wire Transfer Information”) no later than ten business days prior to the date on which the initial deposit is to be made to a Permitted Account, respectively (each a “Bank Agreement”). For purposes In the event that any Permitted Account or the related Account and Wire Transfer Information changes during the term of this CompactAgreement, any bank holding an account referenced the Government will provide to MCC and the Fiscal Agent the new information as soon as practicable, but in Section 4(d) no event later than ten business days prior to the requested date for the next Disbursement. Conditions Precedent to the Initial Disbursement for Government-Contracted Activities. MCC’s approval of this Program Annex are the initial Disbursement Request will be subject to the satisfaction of each a “Bank” and, are collectively referred to of the following conditions (except as the “Banks.”such conditions may be waived or deferred by MCC in its sole discretion):

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A singleAny MCC Funding to be disbursed to a bank account must be deposited in one or more Permitted Accounts, completely separate U.S. Dollar which shall be established by MCA-Kosovo and must be held at a financial institution acceptable to MCC and interest-bearing account (to the “Special Account”) at extent practicable. MCA- Kosovo may designate one of the Reserve Bank of Vanuatu Permitted Accounts to receive MCC Disbursements; (ii) If necessary, an interest-bearing hold funds denominated in the local currency of Vanuatu account Kosovo (the “Local Account”) at and shall designate one of the Permitted Accounts solely for the deposit of the Government Contribution (“Government Account”). MCA-Kosovo shall notify MCC promptly if any account information for a commercial bank that is procured through a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for changes during the purpose of making Re-Disbursements payable in local currency; andCompact Term and provide MCC with the updated information. (iiiii) Such other interest-bearing accounts Unless otherwise authorized by MCC in writing, no funds shall be co- mingled in any Permitted Account set up to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account Funding other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account Likewise, no funds other than the Government Contribution and accrued interest and earnings thereon shall earn interest at a rate of no less than such amount as the Parties may agree be commingled in the respective Bank Agreement or otherwiseGovernment Account. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Kosovo shall provide copies of such statements to MCC upon its request. Before any MCC Funding or Government Contribution is deposited into a Permitted Account, MCA-Kosovo shall enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of this CompactMCC, shall be the sole signatories on each Permitted Account. (iii) MCC Funding or Government Contribution proceeds held in the Permitted Accounts may accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the applicable Bank Agreement, MCA-Kosovo shall ensure the transfer of all accrued interest on MCC Funding to MCC. Accrued interest on the Government Contribution held in a Permitted Account shall be retained in such account until the funds may be transferred to the Government according to instructions agreed upon between the Bank and the Government. (iv) Unless MCC agrees otherwise in writing, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, MCA-Kosovo shall ensure that such MCC Funding shall be denominated in Section 4(d) the currency of this Program Annex are each a “Bank” andthe United States of America prior to its expenditure or transfer to the Local Account. To the extent that any amount of MCC Funding held in United States Dollars must be converted into the currency of Kosovo for any purpose, are collectively referred to as MCA-Kosovo shall ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The (i) From time to time as authorized or directed by MCC, the Government shall establish, establish (or cause to be established) bank accounts, denominated in local currency or in U.S. Dollars, and on terms and at a financial institution acceptable to MCC, that are necessary or otherwise appropriate to fulfil the terms of this Agreement (any such accounts (eachaccount, a “Permitted Account,” ”). Before any Grant funding is deposited into a Permitted Account, the Government shall enter, or ensure that the Permitted Designee enters, into a bank agreement, in form and collectively substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (each a “Bank”), which sets forth the signatory authority, access rights, anti- money laundering and anti-terrorist financing provisions, and other terms related to such Permitted AccountsAccount (each a “Bank Agreement”) as may ). The terms and operation of the Permitted Accounts shall be agreed by set forth in the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing account (Interim Fiscal Accountability Plan and the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements;Agreement. (ii) If necessaryUnless otherwise authorized by MCC, an interest-bearing local currency of Vanuatu account (the “Local Account”) at a commercial bank that is procured through a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other interest-bearing accounts to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No no other funds shall be commingled in a Permitted Account other than MCC Funding the Grant funding and Accrued Interest any accrued interest thereon. All MCC Funding held Any funding contribution from the Government (the “Government Contribution”) shall be kept in an interest-bearing a separate Permitted Account and no other funds shall earn be commingled in such Permitted Account other than the Government Contribution and any other interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwiseaccrued thereon. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line on- line, and where such viewing is not feasible, the Government shall provide copies of such statements to MCC upon its request. (iii) The Government shall ensure that Grant funding held in a Permitted Account accrues interest or at such other frequency as earnings in accordance with the Parties may otherwise agreeapplicable Bank Agreement. By such time as shall be specified in On a quarterly basis and upon the Disbursement termination or expiration of this Agreement or as otherwise agreed by the Partiesrelevant Bank Agreement, the Government shall ensure that MCA-Vanuatu enters into an agreement with each Bank, respectively, satisfactory the transfer of all interest accrued on Grant funding held in a Permitted Account to MCC. (iv) The Government shall provide in writing to MCC and the Fiscal Agent the account name, that sets forth designated account number and wire transfer instructions for transfers to Permitted Accounts (the signatory authority, access rights, anti-money laundering “Account and anti-terrorist financing provisions, and other terms related Wire Transfer Information”) no later than ten business days prior to the date on which the initial deposit is to be made to a Permitted Account, respectively (each a “Bank Agreement”). For purposes In the event that any Permitted Account or the related Account and Wire Transfer Information changes during the term of this CompactAgreement, any bank holding an account referenced the Government shall provide to MCC and the Fiscal Agent the new information as soon as practicable, but in Section 4(d) no event later than ten business days prior to the requested date for the next Disbursement. Conditions Precedent to the Initial Disbursement for Government-Contracted Activities. MCC’s approval of this Program Annex are the initial Disbursement Request shall be subject to the satisfaction of each a “Bank” and, are collectively referred to of the following conditions (except as the “Banks.”such conditions may be waived or deferred by MCC in its sole discretion):

Permitted Accounts. The Government (i) Unless MCC approves otherwise in writing, MCA-Belize shall establish, establish one or cause to be established, such more accounts in the local currency of Belize (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing account (the “Special Local Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; and one or more accounts in United States Dollars (ii) If necessaryeach, an interest-bearing local currency of Vanuatu account (the a “Local USD Account”) at a commercial bank that financial institution acceptable to MCC. Each Local Account and USD Account is procured through considered a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other and must be interest-bearing to the extent practicable. In addition, if needed, MCC and MCA-Belize shall mutually agree in writing to the establishment of one or more additional bank accounts for the deposit of the Country Contribution (the “Country Account”), which shall also be considered a Permitted Account. MCA-Belize shall notify MCC promptly if any account information for a Permitted Account changes during the Compact Term and provide MCC with the updated information. (ii) Unless MCC approves otherwise in writing, no funds shall be co-mingled in any Permitted Account set up to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account Funding other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held Likewise, no funds other than the Country Contribution and accrued interest and earnings thereon shall be commingled in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwiseany Country Account. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Belize shall provide copies of such statements to MCC upon its request. Before any MCC Funding or any portion of the Country Contribution is deposited into a Permitted Account, MCA-Belize shall enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of this CompactMCC, shall be the sole signatories on each Permitted Account. (iii) MCC Funding and the Country Contribution held in separate Permitted Accounts may accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the relevant Bank Agreement, MCA-Belize shall ensure the transfer of all accrued interest on MCC Funding to MCC. Accrued interest on any bank holding an portion of the Country Contribution held in a Permitted Account shall be retained in such account referenced until the funds may be transferred to Belize according to instructions agreed upon between the Bank and Belize. (iv) Unless MCC approves otherwise in Section 4(d) writing, if MCC Funding is held in any Permitted Account other than a Local Account, MCA-Belize shall ensure that any MCC Funding deposited to a Local Account can be converted and deposited into a USD Account. To the extent that any amount of this Program Annex are each a “Bank” andMCC Funding held in United States Dollars must be converted into the currency of Belize for any purpose as determined by MCC, are collectively referred to as MCA-Belize shall ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A singleUnless MCC otherwise agrees in writing, completely separate U.S. Dollar any MCC Funding to be disbursed to a bank account must be deposited in an interest-bearing account (established by MCA-Indonesia in the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account Indonesia (the “Local Account”) at a commercial bank that is procured through financial institution acceptable to MCC. The Local Account will be a competitive process Permitted Account. MCC and MCA-Indonesia also may mutually agree in writing to which the Fiscal Agent may authorize transfer establishment of additional Permitted Accounts from time to time at financial institutions acceptable to MCC. MCA-Indonesia will notify MCC promptly if any U.S. Dollar account information for a Permitted Account for changes during the purpose of making Re-Disbursements payable in local currency; andCompact Term and provide MCC with the updated information. (iiiii) Such other interestUnless otherwise authorized by MCC, no funds will be co-bearing accounts to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled mingled in a Permitted Account other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall will have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Indonesia will provide copies of such statements to MCC upon its request. Before any MCC Funding is deposited into a Permitted Account, MCA-Indonesia will enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). The Fiscal Agent will be the sole signatory on each Permitted Account. For purposes the avoidance of this Compactdoubt, the Bank is the Trust Fund Manager under the Establishment Decree. (iii) In the event that MCC Funding held in a Permitted Account will accrue interest or other earnings in accordance with the Bank Agreement, then on a quarterly basis, and upon the termination or expiration of the Compact or the Bank Agreement, MCA-Indonesia will ensure the transfer of all accrued interest, if any, to MCC. (iv) Unless MCC agrees otherwise, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, MCA-Indonesia will ensure that such MCC Funding will be denominated in Section 4(d) the currency of this Program Annex are each a “Bank” andthe United States of America prior to its expenditure or transfer to the Local Account. To the extent that any amount of MCC Funding held in U.S. Dollars must be converted into the currency of Indonesia for any purpose, are collectively referred to as MCA-Indonesia will INDONESIA PROGRAM IMPLEMENTATION AGREEMENT ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A singleAny MCC Funding to be disbursed to a bank account must be deposited in one or more Permitted Accounts, completely separate U.S. Dollar which shall be established by MCA-Benin Regional and must be held at a financial institution acceptable to MCC and interest-bearing account (to the “Special Account”) at extent practicable. MCA-Benin Regional may designate one of the Reserve Bank of Vanuatu Permitted Accounts to receive MCC Disbursements; (ii) If necessary, an interest-bearing hold funds denominated in the local currency of Vanuatu account Benin (the “Local Account”) at and shall designate one of the Permitted Accounts solely for the deposit of the Government Contribution (“Government Account”). MCA-Benin Regional shall notify MCC promptly if any account information for a commercial bank that is procured through a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for changes during the purpose of making Re-Disbursements payable in local currency; andCompact Term and provide MCC with the updated information. (iiiii) Such other interest-bearing accounts Unless otherwise authorized by MCC in writing, no funds shall be co- mingled in any Permitted Account set up to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account Funding other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account Likewise, no funds other than the Government Contribution and accrued interest and earnings thereon shall earn interest at a rate of no less than such amount as the Parties may agree be commingled in the respective Bank Agreement or otherwiseGovernment Account. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Benin Regional shall provide copies of such statements to MCC upon its request. Before any MCC Funding or Government Contribution is deposited into a Permitted Account, MCA-Benin Regional shall enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of this CompactMCC, shall be the sole signatories on each Permitted Account. (iii) MCC Funding or Government Contribution proceeds held in the Permitted Accounts may accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the applicable Bank Agreement, MCA-Benin Regional shall ensure the transfer of all accrued interest on MCC Funding to MCC. Accrued interest on the Government Contribution held in a Permitted Account shall be retained in such account until the funds may be transferred to the Government according to instructions agreed upon between the Bank and the Government. (iv) Unless MCC agrees otherwise in writing, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, MCA-Benin Regional shall ensure that such MCC Funding shall be denominated in Section 4(d) the currency of this Program Annex are each a “Bank” andthe United States of America prior to its expenditure or transfer to the Local Account. To the extent that any amount of MCC Funding held in United States Dollars must be converted into the currency of Benin for any purpose, are collectively referred to as MCA-Benin Regional shall ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interestAny MCC Funding to be disbursed to a bank account must be deposited in an account established by MCA-bearing account (Mongolia in the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account Mongolia (the “Local Account”) ), such Local Account and each other such account a Permitted Account, to be established at a commercial bank that is procured through a competitive process financial institution acceptable to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other MCC and to be interest-bearing accounts to the extent practicable. Additional Permitted Accounts may be established from time to time subject to the mutual written agreement of MCA-Mongolia and MCC. MCA-Mongolia shall notify MCC promptly if any account information for a Permitted Account changes during the Compact Term and provide MCC with the updated information. (ii) Unless otherwise authorized by MCC in writing, no funds shall be co- mingled in the Permitted Account set up to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account Funding other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Mongolia shall provide copies of such statements to MCC upon its request. Before any MCC Funding is deposited into a Permitted Account, MCA-Mongolia shall enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering laundering, and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of this CompactMCC, shall be the sole signatories on each Permitted Account. (iii) MCC Funding held in a Permitted Account may accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the relevant Bank Agreement, MCA-Mongolia shall ensure the transfer of all accrued interest on MCC Funding to MCC. (iv) Unless MCC agrees otherwise in writing, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, MCA-Mongolia shall ensure that such MCC Funding is denominated in Section 4(d) U.S. Dollars before its expenditure or transfer to the Local Account. To the extent that any amount of this Program Annex are each a “Bank” andMCC Funding held in U.S. Dollars must be converted into Mongolian currency for any purpose, are collectively referred to as MCA-Mongolia shall ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The (i) From time to time as authorized or directed by MCC, the Government shall establish, establish (or cause to be established) bank accounts, denominated in Sierra Leonean Leones or in U.S. Dollars, and on terms and at a financial institution acceptable to MCC, that are necessary or otherwise appropriate to fulfil the terms of this Agreement (any such accounts (eachaccount, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing account (the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account (the “Local Account”) at a commercial bank that ). Before any Grant funding is procured through a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other interest-bearing accounts to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in deposited into a Permitted Account other than MCC Funding and Accrued Interest thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the PartiesAccount, the Government shall enter, or ensure that MCA-Vanuatu enters the accountable entity or other Permitted Designee enters, into an agreement with each Banka bank agreement, respectively, in form and substance satisfactory to MCC, that with the financial institution approved by MCC to hold such Permitted Account (each a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to the such Permitted Account, respectively Account (each a “Bank Agreement”). For purposes The terms and operation of the Permitted Accounts shall be set forth in the Interim Fiscal Accountability Plan and the Bank Agreement. (ii) Unless otherwise authorized by MCC, no other funds shall be commingled in a Permitted Account other than the Grant funding and any accrued interest thereon. Any funding contribution from the Government (the “Government Contribution”) shall be kept in a separate Permitted Account and no other funds shall be commingled in such Permitted Account other than the Government Contribution and any other interest accrued thereon. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on- line, and where such viewing is not feasible, the Government shall provide copies of such statements to MCC upon its request. (iii) The Government shall ensure that Grant funding held in a Permitted Account accrues interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this CompactAgreement or the relevant Bank Agreement, the Government shall ensure the transfer of all interest accrued on Grant funding held in a Permitted Account to MCC. (iv) The Government shall provide in writing to MCC and the Fiscal Agent the account name, designated account number and wire transfer instructions for transfers to Permitted Accounts (the “Account and Wire Transfer Information”) no later than ten business days prior to the date on which the initial deposit is to be made to a Permitted Account. In the event that any bank holding an account referenced in Section 4(d) Permitted Account or the related Account and Wire Transfer Information changes during the term of this Program Annex are Agreement, the Government shall provide to MCC and the Fiscal Agent the new information as soon as practicable, but in no event later than ten business days prior to the requested date for the next Disbursement. Conditions Precedent to the Initial Disbursement for Government-Contracted Activities. MCC’s approval of the initial Disbursement Request shall be subject to the satisfaction of each a “Bank” and, are collectively referred to of the following conditions (except as the “Banks.”such conditions may be waived or deferred by MCC in its sole discretion):

Permitted Accounts. The (i) Prior to entering into any agreement with a Government shall establishService Provider pursuant to which Disbursements are contemplated to be transferred into a bank account prior to their payment to the Government Service Provider, the Government will establish (or ensure the establishment of) a bank account denominated in Ghana Cedi or in U.S. Dollars, as appropriate, to receive such Disbursements on terms and at a financial institution acceptable to MCC. From time to time as authorized by MCC, the Government may also establish (or cause to be established) other bank accounts on terms and at a financial institution acceptable to MCC that are necessary or otherwise appropriate to fulfil the terms of this Agreement (any such account, such accounts (eachtogether with the each account established and maintained in accordance with the immediately preceding sentence, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing account (the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account (the “Local Account”) at a commercial bank that ). Before any Grant funding is procured through a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other interest-bearing accounts to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in deposited into a Permitted Account other than MCC Funding and Accrued Interest thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the PartiesAccount, the Government shall will enter, or ensure that MCA-Vanuatu enters the Permitted Designee enters, into an agreement with each Banka bank agreement, respectively, in form and substance satisfactory to MCC, that with the financial institution approved by MCC to hold such Permitted Account (each a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to the such Permitted Account, respectively Account (each a “Bank Agreement”). For purposes The terms and operation of the Permitted Accounts will be set forth in the Fiscal Accountability Plan and the Bank Agreement. (ii) Unless otherwise authorized by MCC, no other funds will be commingled in a Permitted Account other than the Grant funding and any accrued interest thereon. MCC will have the right, among other things, to view any Permitted Account statements and activity directly on-line, and where such viewing is not feasible, the Government will provide copies of such statements to MCC upon its request. (iii) The Government will ensure that Grant funding held in a Permitted Account accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this CompactAgreement or the relevant Bank Agreement, the Government will ensure the transfer of all interest accrued on amounts held in a Permitted Account to MCC. (iv) The Government will provide in writing to MCC and the Fiscal Agent the account name, designated account number and wire transfer instructions for transfers to Permitted Accounts (the “Account and Wire Transfer Information”) no later than ten business days prior to the date on which the initial deposit is to be made to a Permitted Account. In the event that any bank holding an account referenced in Section 4(d) Permitted Account or the related Account and Wire Transfer Information changes during the term of this Program Annex are each a “Bank” andAgreement, are collectively referred the Government will provide to MCC and the Fiscal Agent the new information as soon as practicable, but in no event later than ten business days prior to the “Banksrequested date for the next Disbursement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interestThe Government will ensure that MCA-bearing Georgia establishes: (1) a bank account (the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account denominated in Georgian Lari (the “Local Account”) and (2) such other accounts, at a commercial bank that financial institution acceptable to MCC (such Local Account, and each such other account, a XXXXXXX XXXXX AND IMPLEMENTATION AGREEMENT “Permitted Account”). Before any Grant funding is procured through a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other interest-bearing accounts to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in deposited into a Permitted Account other than MCC Funding and Accrued Interest thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the PartiesAccount, the Government shall will ensure that MCA-Vanuatu Georgia enters into an agreement with each Banka bank agreement, respectively, in form and substance satisfactory to MCC, that with the financial institution approved by MCC to hold such Permitted Account (each a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to the such Permitted Account, respectively Account (each a “Bank Agreement”). For purposes The terms and operation of the Permitted Accounts will be set forth in the Fiscal Accountability Plan and the Bank Agreement. (ii) Unless otherwise authorized by MCC, no other funds will be commingled in a Permitted Account other than the Grant funding and any accrued interest thereon. MCC will have the right, among other things, to view any Permitted Account statements and activity directly on-line, and where such viewing is not feasible, the Government will provide copies of such statements to MCC upon its request. (iii) The Government will ensure that Grant funding held in a Permitted Account accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this CompactAgreement or the relevant Bank Agreement, the Government will ensure the transfer of all interest accrued on amounts held in a Permitted Account to MCC. (iv) The Government will provide in writing to MCC and the Fiscal Agent the account name, designated account number and wire transfer instructions for transfers to Permitted Accounts (the “Account and Wire Transfer Information”) no later than ten business days prior to the date on which the initial deposit is to be made to a Permitted Account. In the event that any bank holding an account referenced in Section 4(d) Permitted Account or the related Account and Wire Transfer Information changes during the term of this Program Annex are each a “Bank” andAgreement, are collectively referred the Government will provide to MCC and the Fiscal Agent the new information as soon as practicable, but in no event later than ten business days prior to the “Banksrequested date for the next Disbursement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar Any MCC Funding to be disbursed to a bank account must be deposited in an interest-bearing account (established by MCA-Jordan in the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account Jordan (the “Local Account”) at a commercial bank that is procured through financial institution acceptable to MCC. The Local Account will be a competitive process Permitted Account. MCC and MCA-Jordan also may mutually agree in writing to which the Fiscal Agent may authorize transfer establishment of additional Permitted Accounts from time to time at financial institutions acceptable to MCC. MCA-Jordan will notify MCC promptly if any U.S. Dollar account information for a Permitted Account for changes during the purpose of making Re-Disbursements payable in local currency; andCompact Term and provide MCC with the updated information. (iiiii) Such other interestUnless otherwise authorized by MCC, no funds will be co-bearing accounts to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled mingled in a Permitted Account other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall will have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Jordan will provide copies of such statements to MCC upon its request. Before any MCC Funding is deposited into a Permitted Account, MCA-Jordan will enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent will be the sole signatory on each Permitted Account. (iii) MCC Funding held in a Permitted Account will accrue interest or other earnings in accordance with the Bank Agreement. On a quarterly basis and upon the termination or expiration of this Compactthe Compact or the Bank Agreement, MCA-Jordan will ensure the transfer of all accrued interest to MCC. (iv) Unless MCC agrees otherwise, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, MCA-Jordan will ensure that such MCC Funding will be denominated in Section 4(d) the currency of this Program Annex are each a “Bank” andthe United States of America prior to its expenditure or transfer to the Local Account. To the extent that any amount of MCC Funding held in U.S. Dollars must be converted into the currency of Jordan for any purpose, are collectively referred to as MCA-Jordan will ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing Any Grant funding to be disbursed to a bank account (of the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu Government or Accountable Entity must be deposited in a bank account (the “Local Account”) at a commercial bank that is procured through a competitive process to which established by the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for Government or the purpose of making Re-Disbursements payable in local currency; and (iii) Such other interest-bearing accounts to receive MCC Disbursements in such banks Accountable Entity, as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account other than MCC Funding and Accrued Interest thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree applicable, in the respective Bank Agreement local currency of Kenya or otherwise. MCC shall have the rightUnited States dollars, among other things, to view any Permitted Account statements and activity directly on-line or at such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Parties, at a financial institution acceptable to MCC. With prior MCC approval, the Accountable Entity may establish such other bank accounts as are needed for the purposes of implementing the Program (each such other bank account, together with the Local Account, a “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government shall ensure that MCA-Vanuatu the Accountable Entity enters into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, that with the financial institution approved by MCC to hold such Permitted Account (each, a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to the such Permitted AccountAccount (each, respectively (each a “Bank Agreement”). For purposes The Bank shall be a commercial financial institution unless MCC otherwise agrees. The terms and operation of the Permitted Accounts shall be set forth in the Fiscal Accountability Plan and the Bank Agreement. (ii) Unless MCC agrees otherwise, Grant funding held in a Permitted Account shall accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this CompactAgreement or the relevant Bank Agreement, the Government shall ensure the transfer to MCC of any bank holding an account referenced interest accrued on amounts held in Section 4(da Permitted Account. (iii) Unless MCC agrees otherwise, no funds shall be commingled in a Permitted Account other than Grant funding and accrued interest and earnings thereon. MCC has the right, among other things, to view any Permitted Account statements and activity directly on-line, and where such viewing is not feasible, the Government shall provide copies of this Program Annex are each such statements to MCC upon its request. (iv) Unless MCC agrees otherwise, if Grant funding is held in any Permitted Account other than the Local Account, the Government shall ensure that such Grant funding is denominated in United States dollars prior to release. Unless MCC agrees otherwise, to the extent that any amount of Grant funding held by a “Bank” andBank in United States dollars must be exchanged into the currency of Kenya for any purpose, are collectively referred to as the “BanksGovernment shall ensure that such exchange is consistent with the requirements of the Bank Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A singleAny MCC Funding to be disbursed to a bank account must be deposited in one or more Permitted Accounts, completely separate U.S. Dollar which shall be established by MCA-Malawi II and must be held at a financial institution acceptable to MCC and interest-bearing account (to the “Special Account”) at extent practicable. MCA-Malawi II may designate one of the Reserve Bank of Vanuatu Permitted Accounts to receive MCC Disbursements; (ii) If necessary, an interest-bearing hold funds denominated in the local currency of Vanuatu account Malawi (the “Local Account”) at and shall designate one of the Permitted Accounts solely for the deposit of the Government Contribution (“Government Account”). MCA-Malawi II shall notify MCC promptly if any account information for a commercial bank that is procured through a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for changes during the purpose of making Re-Disbursements payable in local currency; andCompact Term and provide MCC with the updated information. (iiiii) Such other interest-bearing accounts Unless otherwise authorized by MCC in writing, no funds shall be co- mingled in any Permitted Account set up to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account Funding other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account Likewise, no funds other than the Government Contribution and accrued interest and earnings thereon shall earn interest at a rate of no less than such amount as the Parties may agree be commingled in the respective Bank Agreement or otherwiseGovernment Account. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Malawi II shall provide copies of such statements to MCC upon its request. Before any MCC Funding or Government Contribution is deposited into a Permitted Account, MCA- Malawi II shall enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of this CompactMCC, shall be the sole signatories on each Permitted Account. (iii) MCC Funding or Government Contribution proceeds held in the Permitted Accounts may accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the applicable Bank Agreement, MCA-Malawi II shall ensure the transfer of all accrued interest on MCC Funding to MCC. Accrued interest on the Government Contribution held in a Permitted Account shall be retained in such account until the funds may be transferred to the Government according to instructions agreed upon between the Bank and the Government. (iv) Unless MCC agrees otherwise in writing, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, MCA-Malawi II shall ensure that such MCC Funding shall be denominated in Section 4(d) the currency of this Program Annex are each a “Bank” andthe United States of America prior to its expenditure or transfer to the Local Account. To the extent that any amount of MCC Funding held in United States Dollars must be converted into the currency of Malawi for any purpose, are collectively referred to as MCA-Malawi II shall ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing Any Grant funding to be disbursed (other than Reimbursable Cost Funding) to a bank account (of the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu Government or Accountable Entity must be deposited in a bank account (the “Local Account”) established by the Government or the Accountable Entity, as applicable, in the local currency of Togo or United States dollars, as agreed by the Parties, at a commercial financial institution acceptable to MCC. With prior MCC approval, the Accountable Entity may establish such other bank accounts as are needed for the purposes of implementing the Program (each such other bank account, together with the Local Account, a “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government agrees to ensure that is procured through the Accountable Entity enters into an agreement, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (each a competitive process “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti- terrorist financing provisions, and other terms related to which such Permitted Account (each a “Bank Agreement”). The terms and operation of the Permitted Accounts shall be set forth in the Fiscal Agent may authorize transfer from any U.S. Dollar Accountability Plan and the Bank Agreement. (ii) Unless MCC agrees otherwise, Grant funding held in a Permitted Account for shall accrue interest or other earnings in accordance with the purpose applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of making Re-Disbursements payable this Agreement or the relevant Bank Agreement, the Government agrees to ensure the transfer to MCC of any interest accrued on amounts held in local currency; anda Permitted Account. (iii) Such other interest-bearing accounts to receive Unless MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other agrees otherwise, no funds shall be commingled in a Permitted Account other than MCC Funding Grant funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall have has the right, among other things, to view any Permitted Account statements and activity directly on-line or at such directly (iv) Unless MCC agrees otherwise, if Grant funding is held in any Permitted Account other frequency as than the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the PartiesLocal Account, the Government shall agrees to ensure that MCA-Vanuatu enters into an agreement with each Banksuch Grant funding is denominated in United States dollars prior to release. Unless MCC agrees otherwise, respectively, satisfactory to MCC, that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to the Permitted Accountextent that any amount of Grant funding held by a Bank in United States dollars must be exchanged into the currency of Togo for any purpose, respectively (each a “the Government agrees to ensure that such exchange is consistent with the requirements of the Bank Agreement”). For purposes of this Compact, any bank holding an account referenced in Section 4(d) of this Program Annex are each a “Bank” and, are collectively referred to as the “Banks.”

Permitted Accounts. The Government shall establish, or cause (i) Any MCC Funding to be established, such disbursed to a bank account must be deposited in accounts established by MCA-Liberia in the local currency of Liberia or United States Dollars (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing account (the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account (the “Local Account”) at a commercial bank that is procured through a competitive process financial institution acceptable to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted MCC; such Local Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other to be interest-bearing accounts to receive the extent practicable. The Local Account will be a Permitted Account. MCC Disbursements in such banks as the Parties and MCA-Liberia also may mutually agree upon in writing to the establishment of additional Permitted Accounts from time to time at financial institutions acceptable to MCC. MCA-Liberia will notify MCC promptly if any account information for a Permitted Account changes during the Compact Term and provide MCC with the updated information. (ii) Unless otherwise authorized by MCC in writing. No other , no funds shall will be commingled co- mingled in a Permitted Account other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall will have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Liberia will provide copies of such statements to MCC upon its request. Before any MCC Funding is deposited into a Permitted Account, MCA-Liberia will enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of this CompactMCC, will be the sole signatories on each Permitted Account. (iii) MCC Funding held in a Permitted Account will accrue interest or other earnings in accordance with the Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the Bank Agreement, MCA-Liberia will ensure the transfer of all accrued interest to MCC. (iv) Unless MCC agrees otherwise in writing, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, MCA-Liberia will ensure that such MCC Funding will be denominated in Section 4(d) the currency of this Program Annex are each a “Bank” andthe United States of America prior to its expenditure or transfer to the Local Account. To the extent that any amount of MCC Funding held in U.S. Dollars must be converted into the currency of Liberia for any purpose, are collectively referred to as MCA- Liberia will ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A single, completely separate U.S. Dollar Any MCC Funding to be disbursed to a bank account must be deposited in an interest-bearing account (established by MCA-Malawi in the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account Malawi (the “Local Account”) at a commercial bank that is procured through financial institution acceptable to MCC. The Local Account will be a competitive process Permitted Account. MCC and MCA-Malawi also may mutually agree in writing to which the Fiscal Agent may authorize transfer establishment of additional Permitted Accounts from time to time at financial institutions acceptable to MCC. MCA-Malawi will notify MCC promptly if any U.S. Dollar account information for a Permitted Account for changes during the purpose of making Re-Disbursements payable in local currency; andCompact Term and provide MCC with the updated information. (iiiii) Such other interestUnless otherwise authorized by MCC, no funds will be co-bearing accounts to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled mingled in a Permitted Account other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall will have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Malawi will provide copies of such statements to MCC upon its request. Before any MCC Funding is deposited into a Permitted Account, MCA-Malawi will enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent will be the sole signatory on each Permitted Account. (iii) MCC Funding held in a Permitted Account will accrue interest or other earnings in accordance with the Bank Agreement. On a quarterly basis and upon the termination or expiration of this Compactthe Compact or the Bank Agreement, MCA-Malawi will ensure the transfer of all accrued interest to MCC. (iv) Unless MCC agrees otherwise, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, MCA-Malawi will ensure that such MCC Funding will be denominated in Section 4(d) the currency of this Program Annex are each a “Bank” andthe United States of America prior to its expenditure or transfer to the Local Account. To the extent that any amount of MCC Funding held in U.S. Dollars must be converted into the currency of Malawi for any purpose, are collectively referred to as MCA-Malawi will ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The Government shall establish, or cause (i) Any MCC Funding to be establisheddisbursed to a bank account must be deposited in in one or more accounts established and maintained by MCA-Burkina Faso II in both the local currency of Burkina Faso and United States Dollars (each an “MCC-Funded Account”), such accounts MCC-Funded Accounts, and each other such account, a Permitted Account, to be established at a financial institution acceptable to MCC to be interest-bearing to the extent practicable. In addition, MCC, the Government and MCA-Burkina Faso II shall mutually agree in writing to the establishment of one or more Permitted Accounts for the deposit of the Government Contribution (each, a “Government Account”). Additional Permitted Account,” and collectively “Permitted Accounts”) as Accounts may be agreed by the Parties in writing established from time to timetime subject to the mutual agreement of MCA-Burkina Faso II, including: (i) A single, completely separate U.S. Dollar interestthe Government and MCC. MCA-bearing Burkina Faso II shall notify MCC promptly if any account (information for a Permitted Account changes during the “Special Account”) at Compact Term and provide MCC with the Reserve Bank of Vanuatu to receive MCC Disbursements;updated information. (ii) If necessaryUnless otherwise authorized by MCC in writing, an interest-bearing local currency of Vanuatu account (no funds shall be co- mingled in the “Local Account”) at a commercial bank that is procured through a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other interest-bearing accounts Accounts set up to receive MCC Disbursements Funding other than MCC Funding and accrued interest and earnings thereon. The Government Contribution shall be kept in such banks as the Parties mutually agree upon in writing. No a Government Account and no other funds shall be commingled in a such Permitted Account (or accounts, as applicable) other than MCC Funding the Government Contribution and Accrued Interest any interest thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Burkina Faso II shall provide copies of such statements to MCC upon its request. Before any MCC Funding or Government Contribution is deposited into a Permitted Account, MCA-Burkina Faso II shall enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of this CompactMCC, shall be the sole signatories on each Permitted Account. (iii) MCC Funding or Government Contribution held in a separate Permitted Account shall accrue interest or other earnings in accordance with the relevant Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the Bank Agreement, MCA-Burkina Faso II shall ensure the transfer of all accrued interest to MCC Funding to MCC. Accrued interest on the Government Contribution held in a Permitted Account shall be transferred to the Government according to instructions agreed upon between the Bank and the Government. (iv) Unless MCC agrees otherwise in writing, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, MCA-Burkina Faso II shall ensure that such MCC Funding shall be denominated in Section 4(d) the currency of this Program Annex are each a “Bank” andthe United States of America prior to its expenditure or transfer to the Local Account. To the extent that any amount of MCC Funding held in U.S. Dollars must be converted into the currency of Burkina Faso for any purpose, are collectively referred to as MCA- Burkina Faso II shall ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. (a) The Government shall will establish, or cause to be established, such accounts : (each, a “Permitted Account,” and collectively “Permitted Accounts”1) as may be agreed by the Parties an account denominated in writing from time to time, including: (i) A single, completely separate U.S. Dollar interest-bearing account (the “Special Account”) at the Reserve Bank of Vanuatu to receive MCC Disbursements; (ii) If necessary, an interest-bearing local currency of Vanuatu account Jordanian Dinars (the “Local Account”) and (2) such other accounts, at a commercial financial institution acceptable to MCC (such Local Account, and each such other account, a “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government will enter into a bank that is procured through a competitive process agreement, in form and substance satisfactory to which MCC, with the Fiscal Agent may authorize transfer from any U.S. Dollar financial institution approved by MCC to hold such Permitted Account for (each a “Bank”), which sets forth the purpose of making Resignatory authority, access rights, anti-Disbursements payable in local currency; andmoney laundering and anti- terrorist financing provisions, and other terms related to such Permitted Account (each a “Bank (iiib) Such other interest-bearing accounts to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No Unless otherwise authorized by MCC, no other funds shall will be commingled in a Permitted Account other than funding from MCC Funding and Accrued Interest accrued interest thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall will have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall will provide copies of such statements to MCC upon its request. (c) The Government will ensure that MCA-Vanuatu enters into an agreement Grant funding held in a Permitted Account accrues interest or other earnings in accordance with each Bankthe applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this Agreement or the relevant Bank Agreement, respectivelythe Government will ensure the transfer to MCC of any interest accrued on amounts held in a Permitted Account. (d) The Government will provide in writing to MCC and the Fiscal Agent the account name, satisfactory designated account number and wire transfer instructions for transfers to MCC, that sets forth Permitted Accounts (the signatory authority, access rights, anti-money laundering “Account and anti-terrorist financing provisions, and other terms related Wire Transfer Information”) no later than 10 business days prior to the date on which the initial deposit is to be made to a Permitted Account, respectively (each a “Bank Agreement”). For purposes In the event that any Permitted Account or the related Account and Wire Transfer Information changes during the term of this CompactAgreement, any bank holding an account referenced the Government will provide to MCC and the Fiscal Agent the new information as soon as practicable, but in Section 4(d) of this Program Annex are each a “Bank” and, are collectively referred no event later than 10 business days prior to as the “Banksrequested date for the next Disbursement.”

Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including: (i) A singleAny MCC Funding to be disbursed to a bank account must be deposited in one or more Permitted Accounts, completely separate U.S. Dollar which shall be established by MCA-Lesotho II and must be held at a financial institution acceptable to MCC and interest-bearing account (to the “Special Account”) at extent practicable. MCA-Lesotho II may designate one of the Reserve Bank of Vanuatu Permitted Accounts to receive MCC Disbursements; (ii) If necessary, an interest-bearing hold funds denominated in the local currency of Vanuatu account Lesotho (the “Local Account”) at and shall designate one of the Permitted Accounts solely for the deposit of the Government Contribution (“Government Account”). MCA-Lesotho II shall notify MCC promptly if any account information for a commercial bank that is procured through a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for changes during the purpose of making Re-Disbursements payable in local currency; andCompact Term and provide MCC with the updated information. (iiiii) Such other interest-bearing accounts Unless otherwise authorized by MCC in writing, no funds shall be co- mingled in any Permitted Account set up to receive MCC Disbursements in such banks as the Parties mutually agree upon in writing. No other funds shall be commingled in a Permitted Account Funding other than MCC Funding and Accrued Interest accrued interest and earnings thereon. All MCC Funding held in an interest-bearing Permitted Account Likewise, no funds other than the Government Contribution and accrued interest and earnings thereon shall earn interest at a rate of no less than such amount as the Parties may agree be commingled in the respective Bank Agreement or otherwiseGovernment Account. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Lesotho II shall provide copies of such statements to MCC upon its request. Before any MCC Funding or Government Contribution is deposited into a Permitted Account, MCA-Lesotho II shall enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of this CompactMCC, shall be the sole signatories on each Permitted Account. (iii) MCC Funding or Government Contribution proceeds held in the Permitted Accounts may accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of the Compact or the applicable Bank Agreement, MCA-Lesotho II shall ensure the transfer of all accrued interest on MCC Funding to MCC. Accrued interest on the Government Contribution held in a Permitted Account shall be retained in such account until the funds may be transferred to the Government according to instructions agreed upon between the Bank and the Government. (iv) Unless MCC agrees otherwise in writing, if MCC Funding is held in any bank holding an account referenced Permitted Account other than the Local Account, MCA-Lesotho II shall ensure that such MCC Funding shall be denominated in Section 4(d) the currency of this Program Annex are each a “Bank” andthe United States of America prior to its expenditure or transfer to the Local Account. To the extent that any amount of MCC Funding held in U.S. Dollars must be converted into the currency of Lesotho for any purpose, are collectively referred to as MCA- Lesotho II shall ensure that such amount is converted consistent with the “Banksrequirements of the Bank Agreement or any other applicable Supplemental Agreement.”

Permitted Accounts. The Government shall establish, or cause (i) Any MCC Funding to be establisheddisbursed to a bank account must be deposited in one or more accounts established and maintained by MCA-Senegal II in both the local currency of Senegal and United States Dollars (each an “MCC-Funded Account”), such accounts MCC-Funded Accounts, and each other such account, a Permitted Account, to be established at a financial institution acceptable to MCC to be interest-bearing to the extent practicable. In addition, MCC and MCA-Senegal II shall mutually agree in writing to the establishment of one or more Permitted Accounts for the deposit of the Government Contribution (each, a “Government Account”). Additional Permitted Account,” and collectively “Permitted Accounts”) as Accounts may be agreed by the Parties in writing established from time to time, including: (i) A single, completely separate U.S. Dollar interesttime subject to the mutual agreement of MCA-bearing Senegal II and MCC. MCA-Senegal II shall notify MCC promptly if any account (information for a Permitted Account changes during the “Special Account”) at Compact Term and provide MCC with the Reserve Bank of Vanuatu to receive MCC Disbursements;updated information. (ii) If necessaryUnless otherwise authorized by MCC in writing, an interest-bearing local currency of Vanuatu account (no funds shall be co- mingled in the “Local Account”) at a commercial bank that is procured through a competitive process to which the Fiscal Agent may authorize transfer from any U.S. Dollar Permitted Account for the purpose of making Re-Disbursements payable in local currency; and (iii) Such other interest-bearing accounts Accounts set up to receive MCC Disbursements Funding other than MCC Funding and accrued interest and earnings thereon. The Government Contribution shall be kept in such banks as the Parties mutually agree upon in writing. No a Government Account and no other funds shall be commingled in a such Permitted Account (or accounts, as applicable) other than MCC Funding the Government Contribution and Accrued Interest any interest thereon. All MCC Funding held in an interest-bearing Permitted Account shall earn interest at a rate of no less than such amount as the Parties may agree in the respective Bank Agreement or otherwise. MCC shall have the right, among other things, to view any Permitted Account statements and activity directly on-line or at line, and where such other frequency as the Parties may otherwise agree. By such time as shall be specified in the Disbursement Agreement or as otherwise agreed by the Partiesviewing is not feasible, the Government shall ensure that MCA-Vanuatu enters Senegal II shall provide copies of such statements to MCC upon its request. Before any MCC Funding or Government Contribution is deposited into a Permitted Account, MCA-Senegal II shall enter into an agreement with each Bankagreement, respectively, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (the “Bank”) that sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (the Permitted Account, respectively (each a “Bank Agreement”). For purposes The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of this CompactMCC, any bank holding an account referenced shall be the sole signatories on each Permitted Account. (iii) MCC Funding or Government Contribution held in Section 4(d) separate Permitted Accounts may accrue interest or other earnings in accordance with the relevant Bank Agreement. On a quarterly basis and upon the termination or expiration of this Program Annex are each the Compact or the Bank Agreement, MCA-Senegal II shall ensure the transfer of all accrued interest on MCC Funding to MCC. Accrued interest on the Government Contribution held in a “Bank” and, are collectively referred Permitted Account shall be transferred to as the “BanksGovernment according to instructions agreed upon between the Bank and the Government.”