ANNUAL REPORT2013

Table of Contents

Letter from the President 4

About Us 6

Our Partners 8

Institutional Milestones 10

Towards a carbon-lean GGGI 12

Green Growth Planning and Implementation 14

Knowledge Development amp Management 32

Public-Private Cooperation 38

Financial Statements 42

4

Letter from the President

Dear Friends and Members of the Global ƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞŚĂƐďĞĞŶĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶĨŽƌůĞƐƐƚŚĂŶƚǁŽLJĞĂƌƐzĞƚʹĂƐLJŽƵǁŝůůƐĞĞŝŶƚŚŝƐŶŶƵĂůZĞƉŽƌƚͲŝƚŝƐƐƚĂƌƟŶŐƚŽŵĂŬĞŝƚƐŵĂƌŬĂĐƌŽƐƐƚŚĞǁŽƌůĚĂŶĚŝƚƐĂĐŚŝĞǀĞŵĞŶƚƐĂƌĞďĞŐŝŶŶŝŶŐƚŽďƵŝůĚƵƉŝƐŶŽǁƌĞƐƉŽŶƐŝďůĞĨŽƌϯϰƉƌŽŐƌĂŵƐŽĨĐŚĂŶŐĞŝŶϮϬĐŽƵŶƚƌŝĞƐŝƚŝƐĐŽůůĂďŽƌĂƟŶŐŝŶƐŽŵĞŽĨƚŚĞǁŽƌůĚ ƐŵŽƐƚŝŶŶŽǀĂƟǀĞŐƌĞĞŶŐƌŽǁƚŚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐŝƚŝƐĐƌĞĂƟŶŐĞŵĞƌŐŝŶŐƉĂƌƚŶĞƌƐŚŝƉƐǁŝƚŚƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂŶĚŝƚŝƐĚĞǀĞůŽƉŝŶŐŶĞǁĞdžƉĞƌŝĞŶĐĞĂŶĚĞdžƉĞƌƟƐĞŝŶĂůůƚŚĞĂƌĞĂƐǁŚŝĐŚǁŝůůŵĂƩĞƌŝŶƚŚĞŶĞǁŐůŽďĂůĞĐŽŶŽŵLJ

ƵƚƚŽƐŝŵƉůLJůŝƐƚƚŚĞƐĞĂĐŚŝĞǀĞŵĞŶƚƐŝƐƚŽŵŝƐƐƚŚĞŵĂŝŶƉŽŝŶƚͲǁŚŝĐŚŝƐƚŚĂƚŝƐƚŚĞŽŶůLJŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶǁŚĞƌĞĂĚŝǀĞƌƐĞĐŽŵŵƵŶŝƚLJŽĨĐŽƵŶƚƌŝĞƐŚĂƐƐĞůĨͲƐĞůĞĐƚĞĚƚŽĐŽŵĞƚŽŐĞƚŚĞƌƚŽƉůŽƚĂǁĂLJƚŽĂŐƌĞĞŶĞƌŐůŽďĂůĨƵƚƵƌĞ

dŚŝƐŝƐďĞĐĂƵƐĞŽƵƌϮϬDĞŵďĞƌƐĂŶĚŽƵƌŽƚŚĞƌƉĂƌƚŶĞƌƐĂůůƌĞĐŽŐŶŝnjĞƚŚĂƚŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚŝƐƚŚĞŽŶůLJĨŽƌŵŽĨŐƌŽǁƚŚƚŚĂƚŵĂŬĞƐĞĐŽŶŽŵŝĐĂŶĚƐŽĐŝĞƚĂůƐĞŶƐĞdŚĞLJŚĂǀĞĂůůĚĞŵŽŶƐƚƌĂƚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŽǁĂƌĚƐƚŚŝƐŐŽĂůĂƚŚŽŵĞzĞƚƚŚĞLJĂůƐŽƌĞĐŽŐŶŝnjĞƚŚĂƚĐƌĞĂƟŶŐĂŶĞǁŐůŽďĂůŵŽĚĞůŽĨŐƌŽǁƚŚĐĂŶŶŽƚďĞĚŽŶĞďLJĂŶLJŽŶĞĐŽƵŶƚƌLJ ŶŽŵĂƩĞƌŚŽǁƌŝĐŚŽƌƉŽǁĞƌĨƵů

dŚŝƐŶŶƵĂůZĞƉŽƌƚƐĞƚƐŽƵƚŚŽǁŝƐƌŝƐŝŶŐƚŽƚŚĞĐŚĂůůĞŶŐĞŽĨŵĞĞƟŶŐƚŚŝƐŐůŽďĂůŶĞĞĚ

ƚŐŝǀĞƐŝŶĨŽƌŵĂƟŽŶĂďŽƵƚƚŚĞĚŝǀĞƌƐĞƉƌŽũĞĐƚƐĂĐƌŽƐƐƚŚĞǁŽƌůĚƚŚĂƚǁŝůůďƵŝůĚƌĞĂůĞdžƉĞƌŝĞŶĐĞĂďŽƵƚǁŚĂƚŝƐŶĞĞĚĞĚĨŽƌƚŚĞƐƵƐƚĂŝŶĂďůĞŐůŽďĂůĞĐŽŶŽŵLJʹĐĂƐĞƐƚƵĚŝĞƐŝŶƚŚĞZĞƉŽƌƚĚĞƐĐƌŝďĞĚŝǀĞƌƐĞĞdžƉĞƌŝĞŶĐĞƐĨƌŽŵĂŶĂŵďŝƟŽƵƐǀŝƐŝŽŶĨŽƌƚŚĞŵĂnjŽŶŝŶŽůŽŵďŝĂƚŽĞŶĞƌŐLJƐƚƌĂƚĞŐLJŝŶDŽŶŐŽůŝĂƚŽůŽǁĐĂƌďŽŶƚƌĂŶƐĨŽƌŵĂƟŽŶŝŶƚŚŝŽƉŝĂĂŶĚŐƌĞĞŶŚŽƵƐŝŶŐĚĞǀĞůŽƉŵĞŶƚŝŶZǁĂŶĚĂ

dŚĞZĞƉŽƌƚŚŝŐŚůŝŐŚƚƐŚŽǁƌĞŵĂŝŶƐĂŶŝŶƚĞŐƌĂůƉĂƌƚŶĞƌƚŽƐŽŵĞŽĨƚŚĞŵŽƐƚŝŶŶŽǀĂƟǀĞĂŶĚƐŝŐŶŝĮĐĂŶƚŐůŽďĂůƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŝŶĐůƵĚŝŶŐƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿĂŶĚƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJEͿŝŶŝƟĂƟǀĞ

5

dŚĞZĞƉŽƌƚĂůƐŽƐĞƚƐŽƵƚŚŽǁƚŚĞŶĞǁWƵďůŝĐWƌŝǀĂƚĞŽŽƉĞƌĂƟŽŶĂĚǀŝƐŽƌLJĐŽŵŵŝƩĞĞǁŝůůƉƌŽǀŝĚĞŐƵŝĚĂŶĐĞŽŶƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŽǀĞƌĂůůƉƵďůŝĐͲƉƌŝǀĂƚĞƉƌŽŐƌĂŵŽĨǁŽƌŬ

ampŝŶĂůůLJ ƚŚĞZĞƉŽƌƚĚĞƐĐƌŝďĞƐŚŽǁĨĂĐĞĚƵƉƚŽƐŝŐŶŝĮĐĂŶƚŽƌŐĂŶŝnjĂƟŽŶĂůĂŶĚĮŶĂŶĐŝĂůĐŚĂůůĞŶŐĞƐ

ŚŽƉĞLJŽƵǁŝůůĮŶĚŝƚĂŶŝŶĨŽƌŵĂƟǀĞƐƵŵŵĂƌLJŽĨŚŽǁĨĂƌŚĂƐĐŽŵĞŝŶϮϬϭϯĂŶĚĂƵƐĞĨƵůƉƌĞĚŝĐƚŽƌŽĨŚŽǁǁŝůůĐŽŶƟŶƵĞƚŽĐƌĞĂƚĞǀĂůƵĞ

ZĞĐĞŶƚŝŶƐƟƚƵƟŽŶĂůƌĞĐŽŐŶŝƟŽŶʹƐƵĐŚĂƐƌĞĐĞŝǀŝŶŐKĸĐŝĂůĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞĞůŝŐŝďŝůŝƚLJĨƌŽŵƚŚĞKĂŶĚďĞĐŽŵŝŶŐĂŶŽďƐĞƌǀĞƌƚŽƚŚĞhEampĂŶĚhEĞŶĞƌĂůƐƐĞŵďůLJͲͲƌĞƉƌĞƐĞŶƚƐŝŵƉŽƌƚĂŶƚŵŝůĞƐƚŽŶĞƐĨŽƌƵƚƚŚĞŽŶůLJƌĞĐŽŐŶŝƟŽŶƚŚĂƚŵĂƩĞƌƐŝƐǁŚĞŶŚĞůƉƐŝƚƐDĞŵďĞƌƐƉĂƌƚŶĞƌƐĂŶĚƚŚĞǁŝĚĞƌǁŽƌůĚƚŽŵŽǀĞĨƌŽŵƚŚĞƉŽůůƵƟŶŐƉĂƚŚƚŽĚĞǀĞůŽƉŵĞŶƚĂŶĚŝŶƐƚĞĂĚƚŽĐƌĞĂƚĞĂďĞƩĞƌǁŽƌůĚĨŽƌŐĞŶĞƌĂƟŽŶƐƚŽĐŽŵĞƚǁŝůůƚĂŬĞƟŵĞƚŽŐĞƚƚŚĞƌĞĂŶĚŵŝƐƚĂŬĞƐǁŝůůďĞŵĂĚĞʹďƵƚŚŽƉĞLJŽƵǁŝůůƐĞĞĨƌŽŵƚŚŝƐZĞƉŽƌƚƚŚĂƚƚŚĞŽƌŐĂŶŝnjĂƟŽŶŝƐƌĞĂĚLJŝŶŐŝƚƐĞůĨƚŽƐƚĂLJƚŚĞĐŽƵƌƐĞ

dŚĂŶŬLJŽƵĨŽƌLJŽƵƌƐƵƉƉŽƌƚƚŽ

Bharrat Jagdeo

WƌĞƐŝĚĞŶƚŽĨƚŚĞƐƐĞŵďůLJŽĨƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞ

6

About UsdŚĞůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵĞͿŝƐĂŶĞǁŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĨŽƵŶĚĞĚƚŽƐƵƉƉŽƌƚĂŶĚƉƌŽŵŽƚĞĂŵŽĚĞůof economic growth known as ldquogreen growthrdquo

ĞĂĚƋƵĂƌƚĞƌĞĚŝŶ^ĞŽƵůltŽƌĞĂƚŚĞŽƌŐĂŶŝnjĂƟŽŶŚĂƐϮϬDĞŵďĞƌĐŽƵŶƚƌŝĞƐĂŶĚƐƚĂƚĞƐĂůƐŽŚĂƐŽĸĐĞƐŝŶďƵŚĂďŝŽƉĞŶŚĂŐĞŶĂŶĚgtŽŶĚŽŶĂůŝĂŝƐŽŶŽĸĐĞŝŶ^ŽŶŐĚŽltŽƌĞĂĂƐǁĞůůĂƐƌĞƉƌĞƐĞŶƚĂƟŽŶŝŶƚŚŝŽƉŝĂŶĚŽŶĞƐŝĂĂŶĚĂŶƵŵďĞƌŽĨŽƚŚĞƌƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐǁŚĞƌĞŽƉĞƌĂƟŽŶƐĂƌĞƚĂŬŝŶŐƉůĂĐĞ

7

MissiondŚĞŽƌŐĂŶŝnjĂƟŽŶƉĂƌƚŶĞƌƐǁŝƚŚĐŽƵŶƚƌŝĞƐƚŽŚĞůƉƚŚĞŵďƵŝůĚĞĐŽŶŽŵŝĞƐƚŚĂƚŐƌŽǁƐƚƌŽŶŐůLJ ĂŶĚĂƌĞŵŽƌĞĞĸĐŝĞŶƚĂŶĚƐƵƐƚĂŝŶĂďůĞŝŶƚŚĞƵƐĞŽĨŶĂƚƵƌĂůƌĞƐŽƵƌĐĞƐůĞƐƐĐĂƌďŽŶŝŶƚĞŶƐŝǀĞĂŶĚŵŽƌĞƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

What We DoƚĂĐŚŝĞǀĞƐƚŚŝƐƚŚƌŽƵŐŚĂƉƌŽŐƌĂŵŽĨǁŽƌŬƚĂŝůŽƌĞĚƚŽƚŚĞŝƌŶĞĞĚƐĂƚŶĂƟŽŶĂůŽƌƌĞŐŝŽŶĂůůĞǀĞůĂŶĚŚĂƌŶĞƐƐĞƐĞdžƉĞƌƟƐĞĂĐƌŽƐƐ ƐďƌŽĂĚǁŽƌŬĂƌĞĂƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐŬŶŽǁůĞĚŐĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞĐŽŽƉĞƌĂƟŽŶ

ƐĞdžƉĞƌƚƐĂƌĞĂůƌĞĂĚLJǁŽƌŬŝŶŐǁŝƚŚŐŽǀĞƌŶŵĞŶƚƐĂƌŽƵŶĚƚŚĞǁŽƌůĚďƵŝůĚŝŶŐƚŚĞŝƌĐĂƉĂĐŝƚLJĂŶĚǁŽƌŬŝŶŐĐŽůůĂďŽƌĂƟǀĞůLJŽŶŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŝůůŝŽŶƐ

8

Our PartnersDĞŵďĞƌŽƵŶƚƌŝĞƐ

ƵƐƚƌĂůŝĂĂŵďŽĚŝĂŽƐƚĂZŝĐĂĞŶŵĂƌŬƚŚŝŽƉŝĂƵLJĂŶĂŶĚŽŶĞƐŝĂltŝƌŝďĂƟDĞdžŝĐŽDŽŶŐŽůŝĂEŽƌǁĂLJ WĂƉƵĂEĞǁƵŝŶĞĂWĂƌĂŐƵĂLJ dŚĞWŚŝůŝƉƉŝŶĞƐYĂƚĂƌ ZĞƉƵďůŝĐŽĨltŽƌĞĂZǁĂŶĚĂhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐhŶŝƚĞĚltŝŶŐĚŽŵsŝĞƚŶĂŵ

ŽƌĞŽŶƚƌŝďƵƚŽƌƐ

9

WƌŽũĞĐƚŽŶƚƌŝďƵƚŽƌƐ

10

ĂŶƵĂƌLJ ^ĞĐŽŶĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶďƵŚĂďŝ

ltŽƌĞĂƐŝŐŶĞĚƚŚĞĞĂĚƋƵĂƌƚĞƌƐĂŐƌĞĞŵĞŶƚĂŐƌĞĞŝŶŐƚŽŚŽƐƚĂŶĚƌĞĐŽŐŶŝnjĞĂƐĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶǁŝƚŚĂŶŝŶƚĞƌŶĂƟŽŶĂůůĞŐĂůƉĞƌƐŽŶĂůŝƚLJ

March ĂŵďŽĚŝĂYĂƚĂƌ WĂƉƵĂEĞǁƵŝŶĞĂZĂƟĨLJƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

Ɖƌŝů ampŽƌŵĞƌƵƐƚƌĂůŝĂŶŵďĂƐƐĂĚŽƌ ŽǁĂƌĚĂŵƐĞLJ ĂƉƉŽŝŶƚĞĚƚŽůĞĂĚĨŽƌŽŶĞLJĞĂƌƚĞƌŵ

DĂLJ dŚĞhŶŝƚĞĚltŝŶŐĚŽŵƌĂƟĮĞĚƚŚĞƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

ƵŶĞ DŽŶŐŽůŝĂĂŶĚZǁĂŶĚĂďĞĐĂŵĞŵĞŵďĞƌƐŽĨ

dŚŝƌĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

ǁĂƐŐƌĂŶƚĞĚKĸĐŝĂůĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞKͿĞůŝŐŝďŝůŝƚLJƐƚĂƚƵƐďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚʹĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞŽŵŵŝƩĞĞKͲͿũŽŝŶŝŶŐĂŶƐĞůĞĐƚŐƌŽƵƉŽĨŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŚŽƐĞĐŽŶƚƌŝďƵƟŽŶƐĨƌŽŵĚŽŶŽƌŶĂƟŽŶƐĂƌĞĐŽŶƐŝĚĞƌĞĚK

ƵŐƵƐƚ EŽƌǁĂLJƌĂƟĮĞĚƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

November ǁĂƐŐŝǀĞŶŽďƐĞƌǀĞƌƐƚĂƚƵƐĂƚƐĞƐƐŝŽŶƐŽĨƚŚĞŽŶĨĞƌĞŶĐĞŽĨWĂƌƟĞƐKWͿŽĨƚŚĞhŶŝƚĞĚEĂƟŽŶƐampƌĂŵĞǁŽƌŬŽŶǀĞŶƟŽŶŽŶůŝŵĂƚĞŚĂŶŐĞhEampͿ

December dŚĞŽƌŐĂŶŝnjĂƟŽŶ Ɛ^ŽŶŐĚŽůŝĂŝƐŽŶŽĸĐĞǁĂƐŽƉĞŶĞĚĂƐĂǀĞŶƵĞĨŽƌŝŶƚĞƌŶĂƟŽŶĂůĐŽŽƉĞƌĂƟŽŶĂŶĚĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚŵƵůƟůĂƚĞƌĂůŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚŚĞƌĞĞŶůŝŵĂƚĞampƵŶĚampͿĂƐǁĞůůĂƐĨŽƌƐƉĞĐŝĂůŝnjĞĚƚƌĂŝŶŝŶŐĂŶĚĐĂƉĂĐŝƚLJͲďƵŝůĚŝŶŐĂĐƟǀŝƟĞƐĂŶĚŚŝŐŚͲůĞǀĞůŐŽǀĞƌŶĂŶĐĞĂĐƟǀŝƟĞƐ

dŚĞampŽƵƌƚŚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

dŚĞhŶŝƚĞĚEĂƟŽŶƐĞŶĞƌĂůƐƐĞŵďůLJĂĚŽƉƚĞĚĂƌĞƐŽůƵƟŽŶŐƌĂŶƟŶŐƚŚĞŽďƐĞƌǀĞƌƐƚĂƚƵƐǁŚŝĐŚŐŝǀĞƐƚŚĞƌŝŐŚƚƚŽƐƉĞĂŬĂƚĞŶĞƌĂůƐƐĞŵďůLJŵĞĞƟŶŐƐĂŶĚƐƉŽŶƐŽƌĂŶĚƐŝŐŶƌĞƐŽůƵƟŽŶƐŝƐĂůƐŽďĞĂďůĞƚŽĐĂƐƚƉƌŽĐĞĚƵƌĂůǀŽƚĞƐ

Institutional Milestones

11

June - Global Green Growth Summit 2013

dŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚǁĂƐŚĞůĚŝŶƵŶĞϮϬϭϯŝŶ^ŽŶŐĚŽŶĐŚĞŽŶŝƚLJ ZĞƉƵďůŝĐŽĨltŽƌĞĂdŚĞƚŚŝƌĚĂŶŶƵĂů^ƵŵŵŝƚĨŽĐƵƐĞĚŽŶƚŚĞŶĞdžƵƐďĞƚǁĞĞŶĮŶĂŶĐĞŝŶŶŽǀĂƟŽŶĂŶĚƉŽůŝĐLJ ƉƌŽǀŝĚŝŶŐĂƵŶŝƋƵĞƉůĂƞŽƌŵĨŽƌŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞŝŶĂĐĐĞůĞƌĂƟŶŐƚŚĞƚƌĂŶƐŝƟŽŶƚŽĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJ

dŚĞ^ƵŵŵŝƚƉůĂĐĞĚĞŵƉŚĂƐŝƐŽŶƚĂŬŝŶŐŝŶŶŽǀĂƟǀĞĂƉƉƌŽĂĐŚĞƐƚŽďůĞŶĚƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐĮŶĂŶĐĞĂĚǀĂŶĐĞƚĞĐŚŶŽůŽŐLJĚĞƉůŽLJŵĞŶƚĂƚƐĐĂůĞĂŶĚĚƌŝǀĞĂŶĞƌĂŽĨĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚĂƚƐƚƌŝǀĞƐĨŽƌĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶĞĐŽŶŽŵLJƚƌĂŶƐŝƟŽŶ^ĞĐƵƌŝŶŐŝŶǀĞƐƚŵĞŶƚƐĚĞůŝǀĞƌŝŶŐƚŚĞƌĞƋƵŝƌĞĚĮŶĂŶĐŝŶŐĂŶĚŝŶƐƟƚƵƟŽŶĂůŝŶŶŽǀĂƟŽŶƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞŝŶǀŽůǀĞŵĞŶƚŽĨĮƐĐĂůŝŶƐƚƌƵŵĞŶƚƐǁĞƌĞƚŚĞĐŽƌĞƚŽƉŝĐƐĚŝƐĐƵƐƐĞĚĂƚƐĞƐƐŝŽŶƐ

ŵŽŶŐƚŚĞŬĞLJƐƉĞĂŬĞƌƐĂŶĚƉĂƌƟĐŝƉĂŶƚƐǁĞƌĞDƌ ŚĂƌƌĂƚĂŐĚĞŽWƌĞƐŝĚĞŶƚŽĨƚŚĞƐƐĞŵďůLJ ĂŶĚampŽƌŵĞƌWƌĞƐŝĚĞŶƚŽͲŽƉĞƌĂƟǀĞZĞƉƵďůŝĐŽĨƵLJĂŶĂDƌ ƵĂŶŽƐĠƵĞƌƌĂDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚEĂƚƵƌĂůZĞƐŽƵƌĐĞƐhŶŝƚĞĚDĞdžŝĐĂŶ^ƚĂƚĞƐƌ DŽŬDĂƌĞƚŚ^ĞŶŝŽƌDŝŶŝƐƚĞƌĂŶĚDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚltŝŶŐĚŽŵŽĨĂŵďŽĚŝĂƌ ^ĂŶũĂĂƐƵƌĞŶKLJƵŶDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚDŽŶŐŽůŝĂƌ ƌ ŶĚĂŚDƵƌŶŝŶŝŶŐƚLJĂƐĞƉƵƚLJDŝŶŝƐƚĞƌĂŶĚĞĂĚŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞĂŶĚŶǀŝƌŽŶŵĞŶƚ^ƚĂƚĞDŝŶŝƐƚƌLJŽĨEĂƟŽŶĂůĞǀĞůŽƉŵĞŶƚWůĂŶŶŝŶŐWWE^ͿDƌ DŝĐŚĂĞůgtŝĞďƌĞŝĐŚŚŝĞĨdžĞĐƵƟǀĞůŽŽŵďĞƌŐEĞǁŶĞƌŐLJampŝŶĂŶĐĞƌ ƆƌŐĞŶZĂŶĚĞƌƐWƌŽĨĞƐƐŽƌŽĨůŝŵĂƚĞ^ƚƌĂƚĞŐLJ EŽƌǁĞŐŝĂŶƵƐŝŶĞƐƐ^ĐŚŽŽůĂŶĚƚŽ^ŝůĞƐŚŝĞƚĂŚƵŶ^ƚĂƚĞDŝŶŝƐƚĞƌŽĨŐƌŝĐƵůƚƵƌĞampĞĚĞƌĂůĞŵŽĐƌĂƟĐZĞƉƵďůŝĐŽĨƚŚŝŽƉŝĂ

ampŽƌŵŽƌĞŽŶ^ϮϬϭϯƉůĞĂƐĞǀŝƐŝƚŚƩƉŐŐŐƐƵŵŵŝƚŽƌŐ

12

Our carbon emissions in 2013

ƐƉĂƌƚŽĨ ƐĐŽƌƉŽƌĂƚĞƐŽĐŝĂůƌĞƐƉŽŶƐŝďŝůŝƚLJ ǁĞŵĞĂƐƵƌĞĚŽƵƌĐĂƌďŽŶĨŽŽƚƉƌŝŶƚŝŶϮϬϭϯĨƌŽŵŽƵƌƚǁŽůĂƌŐĞƐƚƐŽƵƌĐĞƐŽĨĞŵŝƐƐŝŽŶƐͲĂŝƌƚƌĂǀĞůĂŶĚďƵŝůĚŝŶŐƵƐĞŝƌƚƌĂǀĞůŝŶĐůƵĚĞĚƐƚĂīĂŶĚŶŽŶͲƐƚĂīĐŽŶƐƵůƚĂŶƚƐƌĞƐĞĂƌĐŚĨĞůůŽǁƐĞƚĐͿƚƌĂǀĞůĂƐǁĞůůĂƐŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐĮŶĂŶĐĞĚďLJŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐƐŽŶůLJŝŶĐůƵĚĞĚĞůĞĐƚƌŝĐŝƚLJƵƐĞĨƌŽŵŚĞĂĚƋƵĂƌƚĞƌƐŝŶ^ĞŽƵů

Building 10

Air travel90

GGGI Carbon Emissions in 2013

tCO2

Building (HQ only) 88Air Travel 793Total (tCO2) 881

HQ (Seoul) 50

London10

Meeting participants

21

Copenhagen2

Abu Dhabi2

Other non-staff (Consultants etc)

6

Project offices

9

GGGI Carbon Emissions from Air

Travel in 2013

tCO2

HQ (Seoul) 392London 77Copenhagen 16Abu Dhabi 19Project offices 73Other non-staff(Consultants etc) 50Meeting participants 166Total (tCO2) 793

Towards a carbon-lean GGGI

13

Towards a carbon-lean GGGI

ƚŽƚĂůŽĨϴϴϭƚŽŶƐŽĨKϮƚKϮͿǁĂƐĞŵŝƩĞĚďLJŝŶϮϬϭϯϵϬйŽĨǁŚŝĐŚĐĂŵĞĨƌŽŵĂŝƌƚƌĂǀĞůĂŶĚƚŚĞƌĞŵĂŝŶŝŶŐϭϬйĨƌŽŵďƵŝůĚŝŶŐĞůĞĐƚƌŝĐŝƚLJƵƐĞ

ƐŽǀĞƌϳϬйŽĨƐƚĂīŵĞŵďĞƌƐĂƌĞĐƵƌƌĞŶƚůLJďĂƐĞĚŝŶ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐƚŚĞůĂƌŐĞƐƚƐŚĂƌĞϱϬйͿŽĨĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐĐĂŵĞĨƌŽŵƐƚĂīďĂƐĞĚŝŶ^ĞŽƵůǁŚŝůĞƐƚĂīƚƌĂǀĞůĨƌŽŵŶŽŶͲŚĞĂĚƋƵĂƌƚĞƌďĂƐĞĚŽĸĐĞƐĂĐĐŽƵŶƚĞĚĨŽƌϮϯйDĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐƐƵƉƉŽƌƚĞĚďLJĂƩĞŶĚŝŶŐŵĂũŽƌĞǀĞŶƚƐƐƵĐŚĂƐŽƵŶĐŝůƐĞƐƐŝŽŶƐĂŶĚƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚĂŵŽƵŶƚĞĚƚŽϭϲϲƚKϮǁŚŝĐŚĂĐĐŽƵŶƚĞĚĨŽƌϮϭйŽĨƚŽƚĂůĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐ

Methodology used

ƐĐĂůĐƵůĂƟŽŶŽĨŽƵƌĐĂƌďŽŶĞŵŝƐƐŝŽŶƐĨŽůůŽǁĞĚƚŚĞƉƌŝŶĐŝƉůĞƐĨƌŽŵƚŚĞƌĞĞŶŚŽƵƐĞĂƐWƌŽƚŽĐŽůĚĞǀĞůŽƉĞĚďLJƚŚĞtŽƌůĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞtZͿĂŶĚƚŚĞtŽƌůĚƵƐŝŶĞƐƐŽƵŶĐŝůĨŽƌ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚt^ͿĂƌďŽŶĞŵŝƐƐŝŽŶĨŽƌĂŝƌƚƌĂǀĞůǁĞƌĞĐĂƉƚƵƌĞĚďĂƐĞĚŽŶDŝƐƐŝŽŶZĞƋƵĞƐƚƐƐƵďŵŝƩĞĚďLJƐƚĂīŝŶϮϬϭϯĂŶĚůŝƐƚƐƉƌŽǀŝĚĞĚďLJƚŚĞǀĞŶƚƐƚĞĂŵĨŽƌŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐKĂƌďŽŶŵŝƐƐŝŽŶƐĂůĐƵůĂƚŽƌsĞƌƐŝŽŶϮϲͿǁĂƐƵƐĞĚĨŽƌĐĂůĐƵůĂƟŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶĨƌŽŵĂŝƌƚƌĂǀĞůƐĨŽƌĞŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐĞŶĞƌŐLJƵƐĞƚŚĞĐĂůĐƵůĂƟŽŶŽŶůLJŝŶĐůƵĚĞĚƉƵƌĐŚĂƐĞĚĞůĞĐƚƌŝĐŝƚLJĨƌŽŵ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐĂƐŽƚŚĞƌŽĸĐĞƐĚŝĚŶŽƚŚĂǀĞƚŚĞƌĞƋƵŝƌĞĚĚĂƚĂŝŶϮϬϭϯ

Looking ahead

ƐƚƌŝǀĞƐƚŽǁĂůŬƚŚĞƚĂůŬĂŶĚďĞĐŽŵĞĂĐĂƌďŽŶͲůĞĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶtĞǁŝůůƵƐĞϮϬϭϯĐĂƌďŽŶĚĂƚĂĂƐĂďĂƐĞůŝŶĞƚŽƐĞĞŚŽǁďĞƐƚƚŽƌĞĚƵĐĞŽƵƌĞŵŝƐƐŝŽŶƐĞƐƉĞĐŝĂůůLJĨƌŽŵĂŝƌƚƌĂǀĞůĞŝƚŚĞƌƚŚƌŽƵŐŚďƵŶĚůŝŶŐŵŝƐƐŝŽŶƐŽƌŵŽƌĞĞīĞĐƟǀĞƵƐĞŽĨǀŝĚĞŽĐŽŶĨĞƌĞŶĐŝŶŐŽƌŽƚŚĞƌŽŶůŝŶĞŵĞĂŶƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶtŚŝůĞĨŽĐƵƐǁŝůůďĞŐŝǀĞŶƚŽƌĞĚƵĐŝŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶŝŶŽƵƌĚĂLJͲƚŽͲĚĂLJŽƉĞƌĂƟŽŶƐǁŝůůŝŶƉĂƌĂůůĞůĞdžƉůŽƌĞŵŽĚĂůŝƟĞƐĨŽƌƉƵƌĐŚĂƐŝŶŐĐĂƌďŽŶŽīƐĞƚƐĨŽƌƵŶĂǀŽŝĚĂďůĞĞŵŝƐƐŝŽŶƐƚŽďĞĐŽŵĞĂĐĂƌďŽŶͲŶĞƵƚƌĂůŽƌŐĂŶŝnjĂƟŽŶ

14

ŚĂƐϯϰƉƌŽŐƌĂŵƐŝŶϮϬĐŽƵŶƚƌŝĞƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŵƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞŝƌƌĞŐŝŽŶĂůŽƌŶĂƟŽŶĂůĞĐŽŶŽŵŝĐŐŽĂůƐ

ƚLJƉŝĐĂůĐŽƵŶƚƌLJƉƌŽŐƌĂŵĐŽŶƐŝƐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶWͿĂŶĂůLJƐŝƐĂŶĚĚĞƐŝŐŶĚŽŵĞƐƟĐĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉƚŽƐƵƉƉŽƌƚWŝŵƉůĞŵĞŶƚĂƟŽŶ

ƐƉƌŽũĞĐƚĐLJĐůĞƐƚĂƌƚƐĨƌŽŵƵŶĚĞƌƐƚĂŶĚŝŶŐĂŐŝǀĞŶĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚŽďũĞĐƟǀĞƐĂŶĚƚŽƚŚĞŶĂƐƐĞƐƐƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŽĂĐŚŝĞǀĞƚŚĞŵtĞĚŽƚŚŝƐďLJĐŽŶĚƵĐƟŶŐƌŝŐŽƌŽƵƐƐĞĐƚŽƌͲďLJͲƐĞĐƚŽƌ ĂŶĂůLJƐŝƐĂŶĚďLJƉƌŝŽƌŝƟnjŝŶŐĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐĂůŽŶŐŵƵůƟƉůĞĚŝŵĞŶƐŝŽŶƐƚŚĂƚƌĞŇĞĐƚĂĐŽƵŶƚƌLJ ƐŽǁŶƉƌŝŽƌŝƟĞƐdŚŝƐůĞĂĚƐƚŽĚĞǀĞůŽƉŝŶŐŵƵůƟͲƐĞĐƚŽƌ ĐŽŵƉƌĞŚĞŶƐŝǀĞƐƚƌĂƚĞŐŝĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚdŚĞƐĞĂƌĞƚŚĞŶĂƐƐĞƐƐĞĚŝŶƚĞƌŵƐŽĨƚŚĞŝƌĐŽƐƚƐŝŶĐůƵĚŝŶŐƚŚĞŝƌŝŵƉůŝĐĂƟŽŶƐĨŽƌƚŚĞǁŝĚĞƌĞĐŽŶŽŵLJampŝŶĂůůLJďƵŝůĚŝŶŐŽŶŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞƐƵƉƉŽƌƚƐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂƉƉƌŽƉƌŝĂƚĞŝŶƐƟƚƵƟŽŶĂůĨƌĂŵĞǁŽƌŬƐƚŽŝŵƉůĞŵĞŶƚƐƵĐŚƐƚƌĂƚĞŐŝĞƐĂŶĚĞǀĞŶƚƵĂůůLJŚĞůƉƐĐŽƵŶƚƌŝĞƐƚƌĂŶƐĨŽƌŵƚŚĞƐƚƌĂƚĞŐŝĞƐŝŶƚŽƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐƚŚĂƚĐĂŶĂƩƌĂĐƚĨƵŶĚŝŶŐĨƌŽŵƚŚĞƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞƐĞĐƚŽƌ

ƐĐƵƌƌĞŶƚŽƉĞƌĂƟŽŶƐƐƉĂŶĂĐƌŽƐƐĂǁŝĚĞƌĂŶŐĞŽĨƐĞĐƚŽƌƐĂŶĚĂĐƟǀŝƟĞƐampƌŽŵƐƵƉƉŽƌƟŶŐĂŶĂƟŽŶĂůĨŽƌĞƐƚƉůĂŶŝŶWĞƌƵƚŽĐŽůůĂďŽƌĂƟŶŐǁŝƚŚƚŚŝŽƉŝĂŽŶĂĐůŝŵĂƚĞƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJampƌŽŵŚĞůƉŝŶŐƚŽƐƚƌĞŶŐƚŚĞŶƐƚĂƚĞͲůĞǀĞůĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐŝŶltĂƌŶĂƚĂŬĂŶĚŝĂͿƚŽǁŽƌŬŝŶŐǁŝƚŚƚŚĞŶĞǁDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶŝŶDĞdžŝĐŽŽŶƉƌŝŽƌŝƟĞƐĨŽƌĂŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƚŚĂƚŚĂƐƚŚĞƉŽƚĞŶƟĂůƚŽŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŽƌĞƚŚĂŶϯϬŵŝůůŝŽŶƉĞŽƉůĞ

ŶϮϬϭϯŝŶǀĞƐƚĞĚŚĞĂǀŝůLJŝŶŽŶͲƚŚĞͲŐƌŽƵŶĚĞdžƉĞƌƚƐƚŽĂĚǀŝƐĞƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐŽŶƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚƐƚĂƌƚĞĚŵŽǀŝŶŐŝƚƐƚĞĂŵƐƚŽďĞďĂƐĞĚŝŶƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĞdžƉĞƌƚƐŚĂǀĞďĞĞŶǁŽƌŬŝŶŐĐůŽƐĞůLJǁŝƚŚŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐĂŶĚĂŐĞŶĐŝĞƐŝŶŽƌĚĞƌƚŽŐĂŝŶĂŶŝŶͲĚĞƉƚŚƵŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚŬŶŽǁůĞĚŐĞŽĨůŽĐĂůƉƌŝŽƌŝƟĞƐdŚŝƐĂƉƉƌŽĂĐŚŚĞůƉƐƵŶĚĞƌƐƚĂŶĚďĞƩĞƌŝƚƐƉĂƌƚŶĞƌƐĂŶĚƚĂŝůŽƌŝƚƐƐƵƉƉŽƌƚĂŶĚĂůƐŽŚĞůƉƐŐŽǀĞƌŶŵĞŶƚƐďƵŝůĚŝŶƚĞƌŶĂůĐĂƉĂĐŝƚLJƚŽĞǀĞŶƚƵĂůůLJĐĂƌƌLJŽƵƚŐƌĞĞŶŐƌŽǁƚŚǁŽƌŬǁŝƚŚŽƵƚƚŚĞĂƐƐŝƐƚĂŶĐĞŽĨŽƵƚƐŝĚĞŐƌŽƵƉƐ

dŚĞĨŽůůŽǁŝŶŐĚĞƚĂŝůƐƚŚĞƐƚĂƚƵƐŝŶϮϬϭϯŽĨ ƐƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƐ

Working on the ground to develop

green growth strategies

Green Growth Planning

and Implementation

Latin America

16

Brazil

Focus Forestry

ampŽůůŽǁŝŶŐƵƉŽŶŝƚƐƐƵƉƉŽƌƚƚŽƌĂnjŝů ƐŶĂƟŽŶĂůĐůŝŵĂƚĞĐŚĂŶŐĞƐƚƌĂƚĞŐLJ ŝƐĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚDŽͿŝŶĚĞǀĞůŽƉŝŶŐĂƐƵƐƚĂŝŶĂďůĞƟŵďĞƌŝŶĚƵƐƚƌLJŝŶƚŚĞŵĂnjŽŶĂƐƉĂƌƚŽĨĂďƌŽĂĚĞƌƉŽůŝĐLJĨƌĂŵĞǁŽƌŬĚĞƐŝŐŶĞĚƚŽƌĞŝŶĨŽƌĐĞƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞƐŽĨĂƌŝŶƚĂĐŬůŝŶŐĚĞĨŽƌĞƐƚĂƟŽŶŝŶƚŚĞŵĂnjŽŶƌĞŐŝŽŶŝƐĐŽŶĐĞŶƚƌĂƟŶŐŝƚƐĞīŽƌƚƐŝŶƚŚĞdĂƉĂũŽƐďĂƐŝŶĂƚƚŚĞĨƌŽŶƟĞƌŽĨĨŽƌĞƐƚĚĞǀĞůŽƉŵĞŶƚŝĚĞŶƟĨLJŝŶŐƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚĂĐƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞĨŽƌĞƐƚŝŶĚƵƐƚƌLJ ƐƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚŐƌŽǁƚŚŶϮϬϭϯĐŽŶĚƵĐƚĞĚĂƐƵƌǀĞLJŽĨĐŽŵƉĂŶŝĞƐŝŶƚŚĞƐĞĐƚŽƌ ƉƌŽǀŝĚŝŶŐƚŚĞĮƌƐƚƚŚŽƌŽƵŐŚĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞďĂƌƌŝĞƌƐĨĂĐĞĚďLJƚŚĞŝŶĚƵƐƚƌLJŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞDŽƚŽŝŶƚĞŐƌĂƚĞƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚŝƐĞdžƉĞƌŝĞŶĐĞŝŶƚŽŶĂƟŽŶĂůƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐ

Case Study Colombia Amazon Basin

ƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚŽůŽŵďŝĂďĞŐĂŶŝŶĞĂƌůLJϮϬϭϯĂƐƉĂƌƚŽĨƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŵĂnjŽŶĂƐŝŶƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƚŝŶŝƟĂůůLJǁĂƐĚĞƐŝŐŶĞĚƚŽĂƐƐŝƐƚŵĂnjŽŶĂƐŝŶĐŽƵŶƚƌŝĞƐƚŽďƵŝůĚŝŶƚĞƌŶĂƟŽŶĂůƉĂƌƚŶĞƌƐŚŝƉƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞŝƌĨŽƌĞƐƚƐĂŶĚƉƌŽŵŽƚĞƚŚĞĂĚŽƉƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐ

ƵƌƌĞŶƚůLJ ŝƐĨŽĐƵƐŝŶŐŽŶŽůŽŵďŝĂǁŚĞƌĞƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐŚĂǀĞĚĞǀĞůŽƉĞĚĂƐƚƌŽŶŐƉĂƌƚŶĞƌƐŚŝƉŽŶĨŽƌĞƐƚƌLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚdŚĞĞīŽƌƚŝƐĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂůĂƌŐĞͲƐĐĂůĞŝŶǀĞƐƚŵĞŶƚƉůĂŶĂŶĚĨƵŶĚŝŶŐŵĞĐŚĂŶŝƐŵƚŽƐƵƉƉŽƌƚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐĞŶŐĂŐĞŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚŽƉƟŽŶƐŝŶƚŚĞŽůŽŵďŝĂŶŵĂnjŽŶZĞŐŝŽŶ

ŝƐƉĂƌƚŶĞƌŝŶŐǁŝƚŚŽůŽŵďŝĂ ƐDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂŶĚ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚD^ͿƚŽĂƐƐĞƐƐƚŚĞĨĞĂƐŝďŝůŝƚLJŽĨƚŚĞƉůĂŶĂŶĚĮŶĂŶĐŝŶŐǀĞŚŝĐůĞdŚĞŝŶŝƟĂƟǀĞĂŝŵƐƚŽŐĞŶĞƌĂƚĞƉĂLJŵĞŶƚƐĨƌŽŵĚŽŶŽƌƐŝŶƚŚĞƌĂŶŐĞŽĨΨϭϬϬŵŝůůŝŽŶƚŽΨϭϱϬŵŝůůŝŽŶƉĞƌLJĞĂƌƚŽĐŽŵƉĞŶƐĂƚĞĨŽƌƚŚĞĐŽƵŶƚƌLJ ƐƌĞĚƵĐĞĚĚĞĨŽƌĞƐƚĂƟŽŶƵƉƚŽnjĞƌŽŶĞƚŐŽĂůďLJϮϬϮϬŶƚŚĞĐŽŵŝŶŐLJĞĂƌƐŚŽƉĞƐƚŽĨƵƌƚŚĞƌĐŽůůĂďŽƌĂƚĞǁŝƚŚD^ƚŽŝĚĞŶƟĨLJůŝŶŬĂŐĞƐǁŝƚŚƚŚĞůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJƚŚĂƚŽůŽŵďŝĂŚĂƐĂůƌĞĂĚLJĚĞǀĞůŽƉĞĚ

ŶϮϬϭϯĂĐƟǀĞůLJĞŶŐĂŐĞĚŽƚŚĞƌŬĞLJŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐƚŽĞdžƉůŽƌĞƚŚĞƉŽƚĞŶƟĂůƚŽĨƵƌƚŚĞƌŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĐŽƵŶƚƌLJ ƐďƌŽĂĚĞƌĞĐŽŶŽŵŝĐƉůĂŶŶŝŶŐŶƉĂƌƟĐƵůĂƌ ŝƐŝŶƚŚĞĞĂƌůLJƐƚĂŐĞƐŽĨĚĞǀĞůŽƉŝŶŐĂŶĂŐĞŶĚĂŽĨǁŽƌŬǁŝƚŚƚŚĞEĂƟŽŶĂůWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚƚŽǁĂƌĚŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐŶĂƟŽŶĂůŐƌŽǁƚŚĂŶĚƐŽĐŝĂůŝŶĚŝĐĂƚŽƌƐĂŶĚŝŶƚŽŬĞLJƐĞĐƚŽƌƐ

17

Mexico

Focus Climate Change Adaptation

Urban Development and Transport

ĂƐƐŝƐƚĞĚƚŚĞDŝŶŝƐƚƌLJŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚ^DZEdͿŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨĐŽůŽŐLJĂŶĚůŝŵĂƚĞŚĂŶŐĞEͿƚŽĞdžƉĂŶĚƚŚĞƐĐŽƉĞŽĨDĞdžŝĐŽ ƐEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞ^ƚƌĂƚĞŐLJdŚŝƐǁĂƐĂĐŚŝĞǀĞĚƉƌŝŵĂƌŝůLJďLJŚĞůƉŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐůŝŵĂƚĞĂĚĂƉƚĂƟŽŶŝŶƚŽƚŚĞƐƚƌĂƚĞŐLJďĂƐĞĚŽŶƌŝƐŬŵĂŶĂŐĞŵĞŶƚƚŚĞĞǀĂůƵĂƟŽŶŽĨƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƟĐĞǀĞŶƚƐŽŶŬĞLJƐĞĐƚŽƌƐŽĨƚŚĞĞĐŽŶŽŵLJ ĂŶĚƚŚĞĂŶĂůLJƐĞƐĂŶĚƉƌŝŽƌŝƟnjĂƟŽŶŽĨĂĚĂƉƚĂƟŽŶĂĐƟŽŶƐŶĂĚĚŝƟŽŶĚĞǀĞůŽƉĞĚĂŵĞƚŚŽĚŽůŽŐLJƚŽŝĚĞŶƟĨLJŵƵŶŝĐŝƉĂůŝƟĞƐƚŚĂƚĂƌĞŵŽƐƚĂƚͲƌŝƐŬƚŽŵĂũŽƌĐůŝŵĂƚĞĞǀĞŶƚƐ

ŶϮϬϭϯĂůƐŽďĞŐĂŶǁŽƌŬŝŶŐǁŝƚŚƚŚĞDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶDĞͿƚŽĚĞǀĞůŽƉĂĨƌĂŵĞǁŽƌŬĨŽƌƌĞŐŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐdŚĞDĞƌĞƉƌĞƐĞŶƚƐĂŶŽǀĞůĂƉƉƌŽĂĐŚƚŽƚĂĐŬůŝŶŐĐƌŽƐƐͲũƵƌŝƐĚŝĐƟŽŶĂůĐŚĂůůĞŶŐĞƐĂŶĚŚĂƐďĞĞŶŐŝǀĞŶƚŚĞŵĂŶĚĂƚĞŽĨŽǀĞƌƐĞĞŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂĐƌŽƐƐϲƐƚĂƚĞƐŝŶĐĞŶƚƌĂůDĞdžŝĐŽƚŚĂƚƚŽŐĞƚŚĞƌĂĐĐŽƵŶƚĨŽƌĂďŽƵƚĂƚŚŝƌĚŽĨƚŚĞĐŽƵŶƚƌLJ ƐƉŽƉƵůĂƟŽŶŚĂƐŚĞůƉĞĚĂƐƐĞƐƐĂŶĚĚĞƐŝŐŶƉŽůŝĐŝĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶƚĂdžĞƐŽŶŐĂƐŽůŝŶĞĂŶĚǀĞŚŝĐůĞŽǁŶĞƌƐŚŝƉĂŶĚĐŽͲnjŽŶĞƐǁŝƚŚƌĞƐƚƌŝĐƚĞĚŵŽǀĞŵĞŶƚŽĨǀĞŚŝĐůĞƐ

Peru

Focus Forestry Competitiveness

WĞƌƵ ƐĨŽƌĞƐƚƐĞĐƚŽƌŚĂƐďĞĞŶƵŶĚĞƌŐŽŝŶŐĚƌĂŵĂƟĐĐŚĂŶŐĞŽǀĞƌƚŚĞƉĂƐƚƚŚƌĞĞLJĞĂƌƐǁŝƚŚĂƐĞƌŝĞƐŽĨŶĞǁƉŽůŝĐŝĞƐĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁampŽƌĞƐƚƌLJ^ĞƌǀŝĐĞĂŶĚampŽƌĞƐƚƌLJDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵŝƐŚĞůƉŝŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽŝƚƐEĂƟŽŶĂůampŽƌĞƐƚƌLJĂŶĚtŝůĚůŝĨĞWůĂŶEamptWͿŶϮϬϭϯŚĞůƉĞĚĞƐƚĂďůŝƐŚĂĐƌŽƐƐͲŵŝŶŝƐƚĞƌŝĂůƚĞĐŚŶŝĐĂůĐŽŵŵŝƩĞĞĂŶĚĂĚǀŝƐŽƌLJŐƌŽƵƉŐĂǀĞƚĞĐŚŶŝĐĂůĂƐƐŝƐƚĂŶĐĞŽŶƚŚĞĐŽŶƚĞŶƚŽĨƚŚĞEamptW ĂŶĚĐŽŶǀĞŶĞĚƐƚĂŬĞŚŽůĚĞƌƐƚŽĐŽŶƐŝĚĞƌĂŶĚƉƌŝŽƌŝƟnjĞŐƌĞĞŶŐƌŽǁƚŚŽďũĞĐƟǀĞƐĨŽƌƚŚĞĨŽƌĞƐƚƐĞĐƚŽƌ ŶϮϬϭϯĂůƐŽďĞŐĂŶƐƵƉƉŽƌƟŶŐƚŚĞEĂƟŽŶĂůŽŵƉĞƟƟǀĞŶĞƐƐŽƵŶĐŝůƚŽŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐŝŶƚŽŝƚƐƐƚƌĂƚĞŐLJĨŽƌŶĂƟŽŶĂůĐŽŵƉĞƟƟǀĞŶĞƐƐƚŚƌŽƵŐŚƚĞĐŚŶŝĐĂůŝŶƉƵƚƐĂŶĚĂƐĞƌŝĞƐŽĨǁŽƌŬƐŚŽƉƐ

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

Table of Contents

Letter from the President 4

About Us 6

Our Partners 8

Institutional Milestones 10

Towards a carbon-lean GGGI 12

Green Growth Planning and Implementation 14

Knowledge Development amp Management 32

Public-Private Cooperation 38

Financial Statements 42

4

Letter from the President

Dear Friends and Members of the Global ƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞŚĂƐďĞĞŶĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶĨŽƌůĞƐƐƚŚĂŶƚǁŽLJĞĂƌƐzĞƚʹĂƐLJŽƵǁŝůůƐĞĞŝŶƚŚŝƐŶŶƵĂůZĞƉŽƌƚͲŝƚŝƐƐƚĂƌƟŶŐƚŽŵĂŬĞŝƚƐŵĂƌŬĂĐƌŽƐƐƚŚĞǁŽƌůĚĂŶĚŝƚƐĂĐŚŝĞǀĞŵĞŶƚƐĂƌĞďĞŐŝŶŶŝŶŐƚŽďƵŝůĚƵƉŝƐŶŽǁƌĞƐƉŽŶƐŝďůĞĨŽƌϯϰƉƌŽŐƌĂŵƐŽĨĐŚĂŶŐĞŝŶϮϬĐŽƵŶƚƌŝĞƐŝƚŝƐĐŽůůĂďŽƌĂƟŶŐŝŶƐŽŵĞŽĨƚŚĞǁŽƌůĚ ƐŵŽƐƚŝŶŶŽǀĂƟǀĞŐƌĞĞŶŐƌŽǁƚŚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐŝƚŝƐĐƌĞĂƟŶŐĞŵĞƌŐŝŶŐƉĂƌƚŶĞƌƐŚŝƉƐǁŝƚŚƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂŶĚŝƚŝƐĚĞǀĞůŽƉŝŶŐŶĞǁĞdžƉĞƌŝĞŶĐĞĂŶĚĞdžƉĞƌƟƐĞŝŶĂůůƚŚĞĂƌĞĂƐǁŚŝĐŚǁŝůůŵĂƩĞƌŝŶƚŚĞŶĞǁŐůŽďĂůĞĐŽŶŽŵLJ

ƵƚƚŽƐŝŵƉůLJůŝƐƚƚŚĞƐĞĂĐŚŝĞǀĞŵĞŶƚƐŝƐƚŽŵŝƐƐƚŚĞŵĂŝŶƉŽŝŶƚͲǁŚŝĐŚŝƐƚŚĂƚŝƐƚŚĞŽŶůLJŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶǁŚĞƌĞĂĚŝǀĞƌƐĞĐŽŵŵƵŶŝƚLJŽĨĐŽƵŶƚƌŝĞƐŚĂƐƐĞůĨͲƐĞůĞĐƚĞĚƚŽĐŽŵĞƚŽŐĞƚŚĞƌƚŽƉůŽƚĂǁĂLJƚŽĂŐƌĞĞŶĞƌŐůŽďĂůĨƵƚƵƌĞ

dŚŝƐŝƐďĞĐĂƵƐĞŽƵƌϮϬDĞŵďĞƌƐĂŶĚŽƵƌŽƚŚĞƌƉĂƌƚŶĞƌƐĂůůƌĞĐŽŐŶŝnjĞƚŚĂƚŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚŝƐƚŚĞŽŶůLJĨŽƌŵŽĨŐƌŽǁƚŚƚŚĂƚŵĂŬĞƐĞĐŽŶŽŵŝĐĂŶĚƐŽĐŝĞƚĂůƐĞŶƐĞdŚĞLJŚĂǀĞĂůůĚĞŵŽŶƐƚƌĂƚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŽǁĂƌĚƐƚŚŝƐŐŽĂůĂƚŚŽŵĞzĞƚƚŚĞLJĂůƐŽƌĞĐŽŐŶŝnjĞƚŚĂƚĐƌĞĂƟŶŐĂŶĞǁŐůŽďĂůŵŽĚĞůŽĨŐƌŽǁƚŚĐĂŶŶŽƚďĞĚŽŶĞďLJĂŶLJŽŶĞĐŽƵŶƚƌLJ ŶŽŵĂƩĞƌŚŽǁƌŝĐŚŽƌƉŽǁĞƌĨƵů

dŚŝƐŶŶƵĂůZĞƉŽƌƚƐĞƚƐŽƵƚŚŽǁŝƐƌŝƐŝŶŐƚŽƚŚĞĐŚĂůůĞŶŐĞŽĨŵĞĞƟŶŐƚŚŝƐŐůŽďĂůŶĞĞĚ

ƚŐŝǀĞƐŝŶĨŽƌŵĂƟŽŶĂďŽƵƚƚŚĞĚŝǀĞƌƐĞƉƌŽũĞĐƚƐĂĐƌŽƐƐƚŚĞǁŽƌůĚƚŚĂƚǁŝůůďƵŝůĚƌĞĂůĞdžƉĞƌŝĞŶĐĞĂďŽƵƚǁŚĂƚŝƐŶĞĞĚĞĚĨŽƌƚŚĞƐƵƐƚĂŝŶĂďůĞŐůŽďĂůĞĐŽŶŽŵLJʹĐĂƐĞƐƚƵĚŝĞƐŝŶƚŚĞZĞƉŽƌƚĚĞƐĐƌŝďĞĚŝǀĞƌƐĞĞdžƉĞƌŝĞŶĐĞƐĨƌŽŵĂŶĂŵďŝƟŽƵƐǀŝƐŝŽŶĨŽƌƚŚĞŵĂnjŽŶŝŶŽůŽŵďŝĂƚŽĞŶĞƌŐLJƐƚƌĂƚĞŐLJŝŶDŽŶŐŽůŝĂƚŽůŽǁĐĂƌďŽŶƚƌĂŶƐĨŽƌŵĂƟŽŶŝŶƚŚŝŽƉŝĂĂŶĚŐƌĞĞŶŚŽƵƐŝŶŐĚĞǀĞůŽƉŵĞŶƚŝŶZǁĂŶĚĂ

dŚĞZĞƉŽƌƚŚŝŐŚůŝŐŚƚƐŚŽǁƌĞŵĂŝŶƐĂŶŝŶƚĞŐƌĂůƉĂƌƚŶĞƌƚŽƐŽŵĞŽĨƚŚĞŵŽƐƚŝŶŶŽǀĂƟǀĞĂŶĚƐŝŐŶŝĮĐĂŶƚŐůŽďĂůƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŝŶĐůƵĚŝŶŐƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿĂŶĚƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJEͿŝŶŝƟĂƟǀĞ

5

dŚĞZĞƉŽƌƚĂůƐŽƐĞƚƐŽƵƚŚŽǁƚŚĞŶĞǁWƵďůŝĐWƌŝǀĂƚĞŽŽƉĞƌĂƟŽŶĂĚǀŝƐŽƌLJĐŽŵŵŝƩĞĞǁŝůůƉƌŽǀŝĚĞŐƵŝĚĂŶĐĞŽŶƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŽǀĞƌĂůůƉƵďůŝĐͲƉƌŝǀĂƚĞƉƌŽŐƌĂŵŽĨǁŽƌŬ

ampŝŶĂůůLJ ƚŚĞZĞƉŽƌƚĚĞƐĐƌŝďĞƐŚŽǁĨĂĐĞĚƵƉƚŽƐŝŐŶŝĮĐĂŶƚŽƌŐĂŶŝnjĂƟŽŶĂůĂŶĚĮŶĂŶĐŝĂůĐŚĂůůĞŶŐĞƐ

ŚŽƉĞLJŽƵǁŝůůĮŶĚŝƚĂŶŝŶĨŽƌŵĂƟǀĞƐƵŵŵĂƌLJŽĨŚŽǁĨĂƌŚĂƐĐŽŵĞŝŶϮϬϭϯĂŶĚĂƵƐĞĨƵůƉƌĞĚŝĐƚŽƌŽĨŚŽǁǁŝůůĐŽŶƟŶƵĞƚŽĐƌĞĂƚĞǀĂůƵĞ

ZĞĐĞŶƚŝŶƐƟƚƵƟŽŶĂůƌĞĐŽŐŶŝƟŽŶʹƐƵĐŚĂƐƌĞĐĞŝǀŝŶŐKĸĐŝĂůĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞĞůŝŐŝďŝůŝƚLJĨƌŽŵƚŚĞKĂŶĚďĞĐŽŵŝŶŐĂŶŽďƐĞƌǀĞƌƚŽƚŚĞhEampĂŶĚhEĞŶĞƌĂůƐƐĞŵďůLJͲͲƌĞƉƌĞƐĞŶƚƐŝŵƉŽƌƚĂŶƚŵŝůĞƐƚŽŶĞƐĨŽƌƵƚƚŚĞŽŶůLJƌĞĐŽŐŶŝƟŽŶƚŚĂƚŵĂƩĞƌƐŝƐǁŚĞŶŚĞůƉƐŝƚƐDĞŵďĞƌƐƉĂƌƚŶĞƌƐĂŶĚƚŚĞǁŝĚĞƌǁŽƌůĚƚŽŵŽǀĞĨƌŽŵƚŚĞƉŽůůƵƟŶŐƉĂƚŚƚŽĚĞǀĞůŽƉŵĞŶƚĂŶĚŝŶƐƚĞĂĚƚŽĐƌĞĂƚĞĂďĞƩĞƌǁŽƌůĚĨŽƌŐĞŶĞƌĂƟŽŶƐƚŽĐŽŵĞƚǁŝůůƚĂŬĞƟŵĞƚŽŐĞƚƚŚĞƌĞĂŶĚŵŝƐƚĂŬĞƐǁŝůůďĞŵĂĚĞʹďƵƚŚŽƉĞLJŽƵǁŝůůƐĞĞĨƌŽŵƚŚŝƐZĞƉŽƌƚƚŚĂƚƚŚĞŽƌŐĂŶŝnjĂƟŽŶŝƐƌĞĂĚLJŝŶŐŝƚƐĞůĨƚŽƐƚĂLJƚŚĞĐŽƵƌƐĞ

dŚĂŶŬLJŽƵĨŽƌLJŽƵƌƐƵƉƉŽƌƚƚŽ

Bharrat Jagdeo

WƌĞƐŝĚĞŶƚŽĨƚŚĞƐƐĞŵďůLJŽĨƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞ

6

About UsdŚĞůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵĞͿŝƐĂŶĞǁŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĨŽƵŶĚĞĚƚŽƐƵƉƉŽƌƚĂŶĚƉƌŽŵŽƚĞĂŵŽĚĞůof economic growth known as ldquogreen growthrdquo

ĞĂĚƋƵĂƌƚĞƌĞĚŝŶ^ĞŽƵůltŽƌĞĂƚŚĞŽƌŐĂŶŝnjĂƟŽŶŚĂƐϮϬDĞŵďĞƌĐŽƵŶƚƌŝĞƐĂŶĚƐƚĂƚĞƐĂůƐŽŚĂƐŽĸĐĞƐŝŶďƵŚĂďŝŽƉĞŶŚĂŐĞŶĂŶĚgtŽŶĚŽŶĂůŝĂŝƐŽŶŽĸĐĞŝŶ^ŽŶŐĚŽltŽƌĞĂĂƐǁĞůůĂƐƌĞƉƌĞƐĞŶƚĂƟŽŶŝŶƚŚŝŽƉŝĂŶĚŽŶĞƐŝĂĂŶĚĂŶƵŵďĞƌŽĨŽƚŚĞƌƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐǁŚĞƌĞŽƉĞƌĂƟŽŶƐĂƌĞƚĂŬŝŶŐƉůĂĐĞ

7

MissiondŚĞŽƌŐĂŶŝnjĂƟŽŶƉĂƌƚŶĞƌƐǁŝƚŚĐŽƵŶƚƌŝĞƐƚŽŚĞůƉƚŚĞŵďƵŝůĚĞĐŽŶŽŵŝĞƐƚŚĂƚŐƌŽǁƐƚƌŽŶŐůLJ ĂŶĚĂƌĞŵŽƌĞĞĸĐŝĞŶƚĂŶĚƐƵƐƚĂŝŶĂďůĞŝŶƚŚĞƵƐĞŽĨŶĂƚƵƌĂůƌĞƐŽƵƌĐĞƐůĞƐƐĐĂƌďŽŶŝŶƚĞŶƐŝǀĞĂŶĚŵŽƌĞƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

What We DoƚĂĐŚŝĞǀĞƐƚŚŝƐƚŚƌŽƵŐŚĂƉƌŽŐƌĂŵŽĨǁŽƌŬƚĂŝůŽƌĞĚƚŽƚŚĞŝƌŶĞĞĚƐĂƚŶĂƟŽŶĂůŽƌƌĞŐŝŽŶĂůůĞǀĞůĂŶĚŚĂƌŶĞƐƐĞƐĞdžƉĞƌƟƐĞĂĐƌŽƐƐ ƐďƌŽĂĚǁŽƌŬĂƌĞĂƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐŬŶŽǁůĞĚŐĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞĐŽŽƉĞƌĂƟŽŶ

ƐĞdžƉĞƌƚƐĂƌĞĂůƌĞĂĚLJǁŽƌŬŝŶŐǁŝƚŚŐŽǀĞƌŶŵĞŶƚƐĂƌŽƵŶĚƚŚĞǁŽƌůĚďƵŝůĚŝŶŐƚŚĞŝƌĐĂƉĂĐŝƚLJĂŶĚǁŽƌŬŝŶŐĐŽůůĂďŽƌĂƟǀĞůLJŽŶŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŝůůŝŽŶƐ

8

Our PartnersDĞŵďĞƌŽƵŶƚƌŝĞƐ

ƵƐƚƌĂůŝĂĂŵďŽĚŝĂŽƐƚĂZŝĐĂĞŶŵĂƌŬƚŚŝŽƉŝĂƵLJĂŶĂŶĚŽŶĞƐŝĂltŝƌŝďĂƟDĞdžŝĐŽDŽŶŐŽůŝĂEŽƌǁĂLJ WĂƉƵĂEĞǁƵŝŶĞĂWĂƌĂŐƵĂLJ dŚĞWŚŝůŝƉƉŝŶĞƐYĂƚĂƌ ZĞƉƵďůŝĐŽĨltŽƌĞĂZǁĂŶĚĂhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐhŶŝƚĞĚltŝŶŐĚŽŵsŝĞƚŶĂŵ

ŽƌĞŽŶƚƌŝďƵƚŽƌƐ

9

WƌŽũĞĐƚŽŶƚƌŝďƵƚŽƌƐ

10

ĂŶƵĂƌLJ ^ĞĐŽŶĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶďƵŚĂďŝ

ltŽƌĞĂƐŝŐŶĞĚƚŚĞĞĂĚƋƵĂƌƚĞƌƐĂŐƌĞĞŵĞŶƚĂŐƌĞĞŝŶŐƚŽŚŽƐƚĂŶĚƌĞĐŽŐŶŝnjĞĂƐĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶǁŝƚŚĂŶŝŶƚĞƌŶĂƟŽŶĂůůĞŐĂůƉĞƌƐŽŶĂůŝƚLJ

March ĂŵďŽĚŝĂYĂƚĂƌ WĂƉƵĂEĞǁƵŝŶĞĂZĂƟĨLJƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

Ɖƌŝů ampŽƌŵĞƌƵƐƚƌĂůŝĂŶŵďĂƐƐĂĚŽƌ ŽǁĂƌĚĂŵƐĞLJ ĂƉƉŽŝŶƚĞĚƚŽůĞĂĚĨŽƌŽŶĞLJĞĂƌƚĞƌŵ

DĂLJ dŚĞhŶŝƚĞĚltŝŶŐĚŽŵƌĂƟĮĞĚƚŚĞƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

ƵŶĞ DŽŶŐŽůŝĂĂŶĚZǁĂŶĚĂďĞĐĂŵĞŵĞŵďĞƌƐŽĨ

dŚŝƌĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

ǁĂƐŐƌĂŶƚĞĚKĸĐŝĂůĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞKͿĞůŝŐŝďŝůŝƚLJƐƚĂƚƵƐďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚʹĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞŽŵŵŝƩĞĞKͲͿũŽŝŶŝŶŐĂŶƐĞůĞĐƚŐƌŽƵƉŽĨŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŚŽƐĞĐŽŶƚƌŝďƵƟŽŶƐĨƌŽŵĚŽŶŽƌŶĂƟŽŶƐĂƌĞĐŽŶƐŝĚĞƌĞĚK

ƵŐƵƐƚ EŽƌǁĂLJƌĂƟĮĞĚƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

November ǁĂƐŐŝǀĞŶŽďƐĞƌǀĞƌƐƚĂƚƵƐĂƚƐĞƐƐŝŽŶƐŽĨƚŚĞŽŶĨĞƌĞŶĐĞŽĨWĂƌƟĞƐKWͿŽĨƚŚĞhŶŝƚĞĚEĂƟŽŶƐampƌĂŵĞǁŽƌŬŽŶǀĞŶƟŽŶŽŶůŝŵĂƚĞŚĂŶŐĞhEampͿ

December dŚĞŽƌŐĂŶŝnjĂƟŽŶ Ɛ^ŽŶŐĚŽůŝĂŝƐŽŶŽĸĐĞǁĂƐŽƉĞŶĞĚĂƐĂǀĞŶƵĞĨŽƌŝŶƚĞƌŶĂƟŽŶĂůĐŽŽƉĞƌĂƟŽŶĂŶĚĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚŵƵůƟůĂƚĞƌĂůŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚŚĞƌĞĞŶůŝŵĂƚĞampƵŶĚampͿĂƐǁĞůůĂƐĨŽƌƐƉĞĐŝĂůŝnjĞĚƚƌĂŝŶŝŶŐĂŶĚĐĂƉĂĐŝƚLJͲďƵŝůĚŝŶŐĂĐƟǀŝƟĞƐĂŶĚŚŝŐŚͲůĞǀĞůŐŽǀĞƌŶĂŶĐĞĂĐƟǀŝƟĞƐ

dŚĞampŽƵƌƚŚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

dŚĞhŶŝƚĞĚEĂƟŽŶƐĞŶĞƌĂůƐƐĞŵďůLJĂĚŽƉƚĞĚĂƌĞƐŽůƵƟŽŶŐƌĂŶƟŶŐƚŚĞŽďƐĞƌǀĞƌƐƚĂƚƵƐǁŚŝĐŚŐŝǀĞƐƚŚĞƌŝŐŚƚƚŽƐƉĞĂŬĂƚĞŶĞƌĂůƐƐĞŵďůLJŵĞĞƟŶŐƐĂŶĚƐƉŽŶƐŽƌĂŶĚƐŝŐŶƌĞƐŽůƵƟŽŶƐŝƐĂůƐŽďĞĂďůĞƚŽĐĂƐƚƉƌŽĐĞĚƵƌĂůǀŽƚĞƐ

Institutional Milestones

11

June - Global Green Growth Summit 2013

dŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚǁĂƐŚĞůĚŝŶƵŶĞϮϬϭϯŝŶ^ŽŶŐĚŽŶĐŚĞŽŶŝƚLJ ZĞƉƵďůŝĐŽĨltŽƌĞĂdŚĞƚŚŝƌĚĂŶŶƵĂů^ƵŵŵŝƚĨŽĐƵƐĞĚŽŶƚŚĞŶĞdžƵƐďĞƚǁĞĞŶĮŶĂŶĐĞŝŶŶŽǀĂƟŽŶĂŶĚƉŽůŝĐLJ ƉƌŽǀŝĚŝŶŐĂƵŶŝƋƵĞƉůĂƞŽƌŵĨŽƌŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞŝŶĂĐĐĞůĞƌĂƟŶŐƚŚĞƚƌĂŶƐŝƟŽŶƚŽĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJ

dŚĞ^ƵŵŵŝƚƉůĂĐĞĚĞŵƉŚĂƐŝƐŽŶƚĂŬŝŶŐŝŶŶŽǀĂƟǀĞĂƉƉƌŽĂĐŚĞƐƚŽďůĞŶĚƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐĮŶĂŶĐĞĂĚǀĂŶĐĞƚĞĐŚŶŽůŽŐLJĚĞƉůŽLJŵĞŶƚĂƚƐĐĂůĞĂŶĚĚƌŝǀĞĂŶĞƌĂŽĨĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚĂƚƐƚƌŝǀĞƐĨŽƌĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶĞĐŽŶŽŵLJƚƌĂŶƐŝƟŽŶ^ĞĐƵƌŝŶŐŝŶǀĞƐƚŵĞŶƚƐĚĞůŝǀĞƌŝŶŐƚŚĞƌĞƋƵŝƌĞĚĮŶĂŶĐŝŶŐĂŶĚŝŶƐƟƚƵƟŽŶĂůŝŶŶŽǀĂƟŽŶƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞŝŶǀŽůǀĞŵĞŶƚŽĨĮƐĐĂůŝŶƐƚƌƵŵĞŶƚƐǁĞƌĞƚŚĞĐŽƌĞƚŽƉŝĐƐĚŝƐĐƵƐƐĞĚĂƚƐĞƐƐŝŽŶƐ

ŵŽŶŐƚŚĞŬĞLJƐƉĞĂŬĞƌƐĂŶĚƉĂƌƟĐŝƉĂŶƚƐǁĞƌĞDƌ ŚĂƌƌĂƚĂŐĚĞŽWƌĞƐŝĚĞŶƚŽĨƚŚĞƐƐĞŵďůLJ ĂŶĚampŽƌŵĞƌWƌĞƐŝĚĞŶƚŽͲŽƉĞƌĂƟǀĞZĞƉƵďůŝĐŽĨƵLJĂŶĂDƌ ƵĂŶŽƐĠƵĞƌƌĂDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚEĂƚƵƌĂůZĞƐŽƵƌĐĞƐhŶŝƚĞĚDĞdžŝĐĂŶ^ƚĂƚĞƐƌ DŽŬDĂƌĞƚŚ^ĞŶŝŽƌDŝŶŝƐƚĞƌĂŶĚDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚltŝŶŐĚŽŵŽĨĂŵďŽĚŝĂƌ ^ĂŶũĂĂƐƵƌĞŶKLJƵŶDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚDŽŶŐŽůŝĂƌ ƌ ŶĚĂŚDƵƌŶŝŶŝŶŐƚLJĂƐĞƉƵƚLJDŝŶŝƐƚĞƌĂŶĚĞĂĚŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞĂŶĚŶǀŝƌŽŶŵĞŶƚ^ƚĂƚĞDŝŶŝƐƚƌLJŽĨEĂƟŽŶĂůĞǀĞůŽƉŵĞŶƚWůĂŶŶŝŶŐWWE^ͿDƌ DŝĐŚĂĞůgtŝĞďƌĞŝĐŚŚŝĞĨdžĞĐƵƟǀĞůŽŽŵďĞƌŐEĞǁŶĞƌŐLJampŝŶĂŶĐĞƌ ƆƌŐĞŶZĂŶĚĞƌƐWƌŽĨĞƐƐŽƌŽĨůŝŵĂƚĞ^ƚƌĂƚĞŐLJ EŽƌǁĞŐŝĂŶƵƐŝŶĞƐƐ^ĐŚŽŽůĂŶĚƚŽ^ŝůĞƐŚŝĞƚĂŚƵŶ^ƚĂƚĞDŝŶŝƐƚĞƌŽĨŐƌŝĐƵůƚƵƌĞampĞĚĞƌĂůĞŵŽĐƌĂƟĐZĞƉƵďůŝĐŽĨƚŚŝŽƉŝĂ

ampŽƌŵŽƌĞŽŶ^ϮϬϭϯƉůĞĂƐĞǀŝƐŝƚŚƩƉŐŐŐƐƵŵŵŝƚŽƌŐ

12

Our carbon emissions in 2013

ƐƉĂƌƚŽĨ ƐĐŽƌƉŽƌĂƚĞƐŽĐŝĂůƌĞƐƉŽŶƐŝďŝůŝƚLJ ǁĞŵĞĂƐƵƌĞĚŽƵƌĐĂƌďŽŶĨŽŽƚƉƌŝŶƚŝŶϮϬϭϯĨƌŽŵŽƵƌƚǁŽůĂƌŐĞƐƚƐŽƵƌĐĞƐŽĨĞŵŝƐƐŝŽŶƐͲĂŝƌƚƌĂǀĞůĂŶĚďƵŝůĚŝŶŐƵƐĞŝƌƚƌĂǀĞůŝŶĐůƵĚĞĚƐƚĂīĂŶĚŶŽŶͲƐƚĂīĐŽŶƐƵůƚĂŶƚƐƌĞƐĞĂƌĐŚĨĞůůŽǁƐĞƚĐͿƚƌĂǀĞůĂƐǁĞůůĂƐŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐĮŶĂŶĐĞĚďLJŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐƐŽŶůLJŝŶĐůƵĚĞĚĞůĞĐƚƌŝĐŝƚLJƵƐĞĨƌŽŵŚĞĂĚƋƵĂƌƚĞƌƐŝŶ^ĞŽƵů

Building 10

Air travel90

GGGI Carbon Emissions in 2013

tCO2

Building (HQ only) 88Air Travel 793Total (tCO2) 881

HQ (Seoul) 50

London10

Meeting participants

21

Copenhagen2

Abu Dhabi2

Other non-staff (Consultants etc)

6

Project offices

9

GGGI Carbon Emissions from Air

Travel in 2013

tCO2

HQ (Seoul) 392London 77Copenhagen 16Abu Dhabi 19Project offices 73Other non-staff(Consultants etc) 50Meeting participants 166Total (tCO2) 793

Towards a carbon-lean GGGI

13

Towards a carbon-lean GGGI

ƚŽƚĂůŽĨϴϴϭƚŽŶƐŽĨKϮƚKϮͿǁĂƐĞŵŝƩĞĚďLJŝŶϮϬϭϯϵϬйŽĨǁŚŝĐŚĐĂŵĞĨƌŽŵĂŝƌƚƌĂǀĞůĂŶĚƚŚĞƌĞŵĂŝŶŝŶŐϭϬйĨƌŽŵďƵŝůĚŝŶŐĞůĞĐƚƌŝĐŝƚLJƵƐĞ

ƐŽǀĞƌϳϬйŽĨƐƚĂīŵĞŵďĞƌƐĂƌĞĐƵƌƌĞŶƚůLJďĂƐĞĚŝŶ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐƚŚĞůĂƌŐĞƐƚƐŚĂƌĞϱϬйͿŽĨĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐĐĂŵĞĨƌŽŵƐƚĂīďĂƐĞĚŝŶ^ĞŽƵůǁŚŝůĞƐƚĂīƚƌĂǀĞůĨƌŽŵŶŽŶͲŚĞĂĚƋƵĂƌƚĞƌďĂƐĞĚŽĸĐĞƐĂĐĐŽƵŶƚĞĚĨŽƌϮϯйDĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐƐƵƉƉŽƌƚĞĚďLJĂƩĞŶĚŝŶŐŵĂũŽƌĞǀĞŶƚƐƐƵĐŚĂƐŽƵŶĐŝůƐĞƐƐŝŽŶƐĂŶĚƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚĂŵŽƵŶƚĞĚƚŽϭϲϲƚKϮǁŚŝĐŚĂĐĐŽƵŶƚĞĚĨŽƌϮϭйŽĨƚŽƚĂůĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐ

Methodology used

ƐĐĂůĐƵůĂƟŽŶŽĨŽƵƌĐĂƌďŽŶĞŵŝƐƐŝŽŶƐĨŽůůŽǁĞĚƚŚĞƉƌŝŶĐŝƉůĞƐĨƌŽŵƚŚĞƌĞĞŶŚŽƵƐĞĂƐWƌŽƚŽĐŽůĚĞǀĞůŽƉĞĚďLJƚŚĞtŽƌůĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞtZͿĂŶĚƚŚĞtŽƌůĚƵƐŝŶĞƐƐŽƵŶĐŝůĨŽƌ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚt^ͿĂƌďŽŶĞŵŝƐƐŝŽŶĨŽƌĂŝƌƚƌĂǀĞůǁĞƌĞĐĂƉƚƵƌĞĚďĂƐĞĚŽŶDŝƐƐŝŽŶZĞƋƵĞƐƚƐƐƵďŵŝƩĞĚďLJƐƚĂīŝŶϮϬϭϯĂŶĚůŝƐƚƐƉƌŽǀŝĚĞĚďLJƚŚĞǀĞŶƚƐƚĞĂŵĨŽƌŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐKĂƌďŽŶŵŝƐƐŝŽŶƐĂůĐƵůĂƚŽƌsĞƌƐŝŽŶϮϲͿǁĂƐƵƐĞĚĨŽƌĐĂůĐƵůĂƟŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶĨƌŽŵĂŝƌƚƌĂǀĞůƐĨŽƌĞŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐĞŶĞƌŐLJƵƐĞƚŚĞĐĂůĐƵůĂƟŽŶŽŶůLJŝŶĐůƵĚĞĚƉƵƌĐŚĂƐĞĚĞůĞĐƚƌŝĐŝƚLJĨƌŽŵ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐĂƐŽƚŚĞƌŽĸĐĞƐĚŝĚŶŽƚŚĂǀĞƚŚĞƌĞƋƵŝƌĞĚĚĂƚĂŝŶϮϬϭϯ

Looking ahead

ƐƚƌŝǀĞƐƚŽǁĂůŬƚŚĞƚĂůŬĂŶĚďĞĐŽŵĞĂĐĂƌďŽŶͲůĞĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶtĞǁŝůůƵƐĞϮϬϭϯĐĂƌďŽŶĚĂƚĂĂƐĂďĂƐĞůŝŶĞƚŽƐĞĞŚŽǁďĞƐƚƚŽƌĞĚƵĐĞŽƵƌĞŵŝƐƐŝŽŶƐĞƐƉĞĐŝĂůůLJĨƌŽŵĂŝƌƚƌĂǀĞůĞŝƚŚĞƌƚŚƌŽƵŐŚďƵŶĚůŝŶŐŵŝƐƐŝŽŶƐŽƌŵŽƌĞĞīĞĐƟǀĞƵƐĞŽĨǀŝĚĞŽĐŽŶĨĞƌĞŶĐŝŶŐŽƌŽƚŚĞƌŽŶůŝŶĞŵĞĂŶƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶtŚŝůĞĨŽĐƵƐǁŝůůďĞŐŝǀĞŶƚŽƌĞĚƵĐŝŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶŝŶŽƵƌĚĂLJͲƚŽͲĚĂLJŽƉĞƌĂƟŽŶƐǁŝůůŝŶƉĂƌĂůůĞůĞdžƉůŽƌĞŵŽĚĂůŝƟĞƐĨŽƌƉƵƌĐŚĂƐŝŶŐĐĂƌďŽŶŽīƐĞƚƐĨŽƌƵŶĂǀŽŝĚĂďůĞĞŵŝƐƐŝŽŶƐƚŽďĞĐŽŵĞĂĐĂƌďŽŶͲŶĞƵƚƌĂůŽƌŐĂŶŝnjĂƟŽŶ

14

ŚĂƐϯϰƉƌŽŐƌĂŵƐŝŶϮϬĐŽƵŶƚƌŝĞƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŵƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞŝƌƌĞŐŝŽŶĂůŽƌŶĂƟŽŶĂůĞĐŽŶŽŵŝĐŐŽĂůƐ

ƚLJƉŝĐĂůĐŽƵŶƚƌLJƉƌŽŐƌĂŵĐŽŶƐŝƐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶWͿĂŶĂůLJƐŝƐĂŶĚĚĞƐŝŐŶĚŽŵĞƐƟĐĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉƚŽƐƵƉƉŽƌƚWŝŵƉůĞŵĞŶƚĂƟŽŶ

ƐƉƌŽũĞĐƚĐLJĐůĞƐƚĂƌƚƐĨƌŽŵƵŶĚĞƌƐƚĂŶĚŝŶŐĂŐŝǀĞŶĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚŽďũĞĐƟǀĞƐĂŶĚƚŽƚŚĞŶĂƐƐĞƐƐƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŽĂĐŚŝĞǀĞƚŚĞŵtĞĚŽƚŚŝƐďLJĐŽŶĚƵĐƟŶŐƌŝŐŽƌŽƵƐƐĞĐƚŽƌͲďLJͲƐĞĐƚŽƌ ĂŶĂůLJƐŝƐĂŶĚďLJƉƌŝŽƌŝƟnjŝŶŐĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐĂůŽŶŐŵƵůƟƉůĞĚŝŵĞŶƐŝŽŶƐƚŚĂƚƌĞŇĞĐƚĂĐŽƵŶƚƌLJ ƐŽǁŶƉƌŝŽƌŝƟĞƐdŚŝƐůĞĂĚƐƚŽĚĞǀĞůŽƉŝŶŐŵƵůƟͲƐĞĐƚŽƌ ĐŽŵƉƌĞŚĞŶƐŝǀĞƐƚƌĂƚĞŐŝĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚdŚĞƐĞĂƌĞƚŚĞŶĂƐƐĞƐƐĞĚŝŶƚĞƌŵƐŽĨƚŚĞŝƌĐŽƐƚƐŝŶĐůƵĚŝŶŐƚŚĞŝƌŝŵƉůŝĐĂƟŽŶƐĨŽƌƚŚĞǁŝĚĞƌĞĐŽŶŽŵLJampŝŶĂůůLJďƵŝůĚŝŶŐŽŶŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞƐƵƉƉŽƌƚƐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂƉƉƌŽƉƌŝĂƚĞŝŶƐƟƚƵƟŽŶĂůĨƌĂŵĞǁŽƌŬƐƚŽŝŵƉůĞŵĞŶƚƐƵĐŚƐƚƌĂƚĞŐŝĞƐĂŶĚĞǀĞŶƚƵĂůůLJŚĞůƉƐĐŽƵŶƚƌŝĞƐƚƌĂŶƐĨŽƌŵƚŚĞƐƚƌĂƚĞŐŝĞƐŝŶƚŽƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐƚŚĂƚĐĂŶĂƩƌĂĐƚĨƵŶĚŝŶŐĨƌŽŵƚŚĞƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞƐĞĐƚŽƌ

ƐĐƵƌƌĞŶƚŽƉĞƌĂƟŽŶƐƐƉĂŶĂĐƌŽƐƐĂǁŝĚĞƌĂŶŐĞŽĨƐĞĐƚŽƌƐĂŶĚĂĐƟǀŝƟĞƐampƌŽŵƐƵƉƉŽƌƟŶŐĂŶĂƟŽŶĂůĨŽƌĞƐƚƉůĂŶŝŶWĞƌƵƚŽĐŽůůĂďŽƌĂƟŶŐǁŝƚŚƚŚŝŽƉŝĂŽŶĂĐůŝŵĂƚĞƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJampƌŽŵŚĞůƉŝŶŐƚŽƐƚƌĞŶŐƚŚĞŶƐƚĂƚĞͲůĞǀĞůĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐŝŶltĂƌŶĂƚĂŬĂŶĚŝĂͿƚŽǁŽƌŬŝŶŐǁŝƚŚƚŚĞŶĞǁDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶŝŶDĞdžŝĐŽŽŶƉƌŝŽƌŝƟĞƐĨŽƌĂŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƚŚĂƚŚĂƐƚŚĞƉŽƚĞŶƟĂůƚŽŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŽƌĞƚŚĂŶϯϬŵŝůůŝŽŶƉĞŽƉůĞ

ŶϮϬϭϯŝŶǀĞƐƚĞĚŚĞĂǀŝůLJŝŶŽŶͲƚŚĞͲŐƌŽƵŶĚĞdžƉĞƌƚƐƚŽĂĚǀŝƐĞƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐŽŶƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚƐƚĂƌƚĞĚŵŽǀŝŶŐŝƚƐƚĞĂŵƐƚŽďĞďĂƐĞĚŝŶƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĞdžƉĞƌƚƐŚĂǀĞďĞĞŶǁŽƌŬŝŶŐĐůŽƐĞůLJǁŝƚŚŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐĂŶĚĂŐĞŶĐŝĞƐŝŶŽƌĚĞƌƚŽŐĂŝŶĂŶŝŶͲĚĞƉƚŚƵŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚŬŶŽǁůĞĚŐĞŽĨůŽĐĂůƉƌŝŽƌŝƟĞƐdŚŝƐĂƉƉƌŽĂĐŚŚĞůƉƐƵŶĚĞƌƐƚĂŶĚďĞƩĞƌŝƚƐƉĂƌƚŶĞƌƐĂŶĚƚĂŝůŽƌŝƚƐƐƵƉƉŽƌƚĂŶĚĂůƐŽŚĞůƉƐŐŽǀĞƌŶŵĞŶƚƐďƵŝůĚŝŶƚĞƌŶĂůĐĂƉĂĐŝƚLJƚŽĞǀĞŶƚƵĂůůLJĐĂƌƌLJŽƵƚŐƌĞĞŶŐƌŽǁƚŚǁŽƌŬǁŝƚŚŽƵƚƚŚĞĂƐƐŝƐƚĂŶĐĞŽĨŽƵƚƐŝĚĞŐƌŽƵƉƐ

dŚĞĨŽůůŽǁŝŶŐĚĞƚĂŝůƐƚŚĞƐƚĂƚƵƐŝŶϮϬϭϯŽĨ ƐƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƐ

Working on the ground to develop

green growth strategies

Green Growth Planning

and Implementation

Latin America

16

Brazil

Focus Forestry

ampŽůůŽǁŝŶŐƵƉŽŶŝƚƐƐƵƉƉŽƌƚƚŽƌĂnjŝů ƐŶĂƟŽŶĂůĐůŝŵĂƚĞĐŚĂŶŐĞƐƚƌĂƚĞŐLJ ŝƐĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚDŽͿŝŶĚĞǀĞůŽƉŝŶŐĂƐƵƐƚĂŝŶĂďůĞƟŵďĞƌŝŶĚƵƐƚƌLJŝŶƚŚĞŵĂnjŽŶĂƐƉĂƌƚŽĨĂďƌŽĂĚĞƌƉŽůŝĐLJĨƌĂŵĞǁŽƌŬĚĞƐŝŐŶĞĚƚŽƌĞŝŶĨŽƌĐĞƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞƐŽĨĂƌŝŶƚĂĐŬůŝŶŐĚĞĨŽƌĞƐƚĂƟŽŶŝŶƚŚĞŵĂnjŽŶƌĞŐŝŽŶŝƐĐŽŶĐĞŶƚƌĂƟŶŐŝƚƐĞīŽƌƚƐŝŶƚŚĞdĂƉĂũŽƐďĂƐŝŶĂƚƚŚĞĨƌŽŶƟĞƌŽĨĨŽƌĞƐƚĚĞǀĞůŽƉŵĞŶƚŝĚĞŶƟĨLJŝŶŐƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚĂĐƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞĨŽƌĞƐƚŝŶĚƵƐƚƌLJ ƐƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚŐƌŽǁƚŚŶϮϬϭϯĐŽŶĚƵĐƚĞĚĂƐƵƌǀĞLJŽĨĐŽŵƉĂŶŝĞƐŝŶƚŚĞƐĞĐƚŽƌ ƉƌŽǀŝĚŝŶŐƚŚĞĮƌƐƚƚŚŽƌŽƵŐŚĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞďĂƌƌŝĞƌƐĨĂĐĞĚďLJƚŚĞŝŶĚƵƐƚƌLJŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞDŽƚŽŝŶƚĞŐƌĂƚĞƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚŝƐĞdžƉĞƌŝĞŶĐĞŝŶƚŽŶĂƟŽŶĂůƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐ

Case Study Colombia Amazon Basin

ƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚŽůŽŵďŝĂďĞŐĂŶŝŶĞĂƌůLJϮϬϭϯĂƐƉĂƌƚŽĨƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŵĂnjŽŶĂƐŝŶƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƚŝŶŝƟĂůůLJǁĂƐĚĞƐŝŐŶĞĚƚŽĂƐƐŝƐƚŵĂnjŽŶĂƐŝŶĐŽƵŶƚƌŝĞƐƚŽďƵŝůĚŝŶƚĞƌŶĂƟŽŶĂůƉĂƌƚŶĞƌƐŚŝƉƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞŝƌĨŽƌĞƐƚƐĂŶĚƉƌŽŵŽƚĞƚŚĞĂĚŽƉƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐ

ƵƌƌĞŶƚůLJ ŝƐĨŽĐƵƐŝŶŐŽŶŽůŽŵďŝĂǁŚĞƌĞƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐŚĂǀĞĚĞǀĞůŽƉĞĚĂƐƚƌŽŶŐƉĂƌƚŶĞƌƐŚŝƉŽŶĨŽƌĞƐƚƌLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚdŚĞĞīŽƌƚŝƐĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂůĂƌŐĞͲƐĐĂůĞŝŶǀĞƐƚŵĞŶƚƉůĂŶĂŶĚĨƵŶĚŝŶŐŵĞĐŚĂŶŝƐŵƚŽƐƵƉƉŽƌƚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐĞŶŐĂŐĞŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚŽƉƟŽŶƐŝŶƚŚĞŽůŽŵďŝĂŶŵĂnjŽŶZĞŐŝŽŶ

ŝƐƉĂƌƚŶĞƌŝŶŐǁŝƚŚŽůŽŵďŝĂ ƐDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂŶĚ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚD^ͿƚŽĂƐƐĞƐƐƚŚĞĨĞĂƐŝďŝůŝƚLJŽĨƚŚĞƉůĂŶĂŶĚĮŶĂŶĐŝŶŐǀĞŚŝĐůĞdŚĞŝŶŝƟĂƟǀĞĂŝŵƐƚŽŐĞŶĞƌĂƚĞƉĂLJŵĞŶƚƐĨƌŽŵĚŽŶŽƌƐŝŶƚŚĞƌĂŶŐĞŽĨΨϭϬϬŵŝůůŝŽŶƚŽΨϭϱϬŵŝůůŝŽŶƉĞƌLJĞĂƌƚŽĐŽŵƉĞŶƐĂƚĞĨŽƌƚŚĞĐŽƵŶƚƌLJ ƐƌĞĚƵĐĞĚĚĞĨŽƌĞƐƚĂƟŽŶƵƉƚŽnjĞƌŽŶĞƚŐŽĂůďLJϮϬϮϬŶƚŚĞĐŽŵŝŶŐLJĞĂƌƐŚŽƉĞƐƚŽĨƵƌƚŚĞƌĐŽůůĂďŽƌĂƚĞǁŝƚŚD^ƚŽŝĚĞŶƟĨLJůŝŶŬĂŐĞƐǁŝƚŚƚŚĞůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJƚŚĂƚŽůŽŵďŝĂŚĂƐĂůƌĞĂĚLJĚĞǀĞůŽƉĞĚ

ŶϮϬϭϯĂĐƟǀĞůLJĞŶŐĂŐĞĚŽƚŚĞƌŬĞLJŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐƚŽĞdžƉůŽƌĞƚŚĞƉŽƚĞŶƟĂůƚŽĨƵƌƚŚĞƌŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĐŽƵŶƚƌLJ ƐďƌŽĂĚĞƌĞĐŽŶŽŵŝĐƉůĂŶŶŝŶŐŶƉĂƌƟĐƵůĂƌ ŝƐŝŶƚŚĞĞĂƌůLJƐƚĂŐĞƐŽĨĚĞǀĞůŽƉŝŶŐĂŶĂŐĞŶĚĂŽĨǁŽƌŬǁŝƚŚƚŚĞEĂƟŽŶĂůWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚƚŽǁĂƌĚŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐŶĂƟŽŶĂůŐƌŽǁƚŚĂŶĚƐŽĐŝĂůŝŶĚŝĐĂƚŽƌƐĂŶĚŝŶƚŽŬĞLJƐĞĐƚŽƌƐ

17

Mexico

Focus Climate Change Adaptation

Urban Development and Transport

ĂƐƐŝƐƚĞĚƚŚĞDŝŶŝƐƚƌLJŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚ^DZEdͿŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨĐŽůŽŐLJĂŶĚůŝŵĂƚĞŚĂŶŐĞEͿƚŽĞdžƉĂŶĚƚŚĞƐĐŽƉĞŽĨDĞdžŝĐŽ ƐEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞ^ƚƌĂƚĞŐLJdŚŝƐǁĂƐĂĐŚŝĞǀĞĚƉƌŝŵĂƌŝůLJďLJŚĞůƉŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐůŝŵĂƚĞĂĚĂƉƚĂƟŽŶŝŶƚŽƚŚĞƐƚƌĂƚĞŐLJďĂƐĞĚŽŶƌŝƐŬŵĂŶĂŐĞŵĞŶƚƚŚĞĞǀĂůƵĂƟŽŶŽĨƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƟĐĞǀĞŶƚƐŽŶŬĞLJƐĞĐƚŽƌƐŽĨƚŚĞĞĐŽŶŽŵLJ ĂŶĚƚŚĞĂŶĂůLJƐĞƐĂŶĚƉƌŝŽƌŝƟnjĂƟŽŶŽĨĂĚĂƉƚĂƟŽŶĂĐƟŽŶƐŶĂĚĚŝƟŽŶĚĞǀĞůŽƉĞĚĂŵĞƚŚŽĚŽůŽŐLJƚŽŝĚĞŶƟĨLJŵƵŶŝĐŝƉĂůŝƟĞƐƚŚĂƚĂƌĞŵŽƐƚĂƚͲƌŝƐŬƚŽŵĂũŽƌĐůŝŵĂƚĞĞǀĞŶƚƐ

ŶϮϬϭϯĂůƐŽďĞŐĂŶǁŽƌŬŝŶŐǁŝƚŚƚŚĞDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶDĞͿƚŽĚĞǀĞůŽƉĂĨƌĂŵĞǁŽƌŬĨŽƌƌĞŐŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐdŚĞDĞƌĞƉƌĞƐĞŶƚƐĂŶŽǀĞůĂƉƉƌŽĂĐŚƚŽƚĂĐŬůŝŶŐĐƌŽƐƐͲũƵƌŝƐĚŝĐƟŽŶĂůĐŚĂůůĞŶŐĞƐĂŶĚŚĂƐďĞĞŶŐŝǀĞŶƚŚĞŵĂŶĚĂƚĞŽĨŽǀĞƌƐĞĞŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂĐƌŽƐƐϲƐƚĂƚĞƐŝŶĐĞŶƚƌĂůDĞdžŝĐŽƚŚĂƚƚŽŐĞƚŚĞƌĂĐĐŽƵŶƚĨŽƌĂďŽƵƚĂƚŚŝƌĚŽĨƚŚĞĐŽƵŶƚƌLJ ƐƉŽƉƵůĂƟŽŶŚĂƐŚĞůƉĞĚĂƐƐĞƐƐĂŶĚĚĞƐŝŐŶƉŽůŝĐŝĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶƚĂdžĞƐŽŶŐĂƐŽůŝŶĞĂŶĚǀĞŚŝĐůĞŽǁŶĞƌƐŚŝƉĂŶĚĐŽͲnjŽŶĞƐǁŝƚŚƌĞƐƚƌŝĐƚĞĚŵŽǀĞŵĞŶƚŽĨǀĞŚŝĐůĞƐ

Peru

Focus Forestry Competitiveness

WĞƌƵ ƐĨŽƌĞƐƚƐĞĐƚŽƌŚĂƐďĞĞŶƵŶĚĞƌŐŽŝŶŐĚƌĂŵĂƟĐĐŚĂŶŐĞŽǀĞƌƚŚĞƉĂƐƚƚŚƌĞĞLJĞĂƌƐǁŝƚŚĂƐĞƌŝĞƐŽĨŶĞǁƉŽůŝĐŝĞƐĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁampŽƌĞƐƚƌLJ^ĞƌǀŝĐĞĂŶĚampŽƌĞƐƚƌLJDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵŝƐŚĞůƉŝŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽŝƚƐEĂƟŽŶĂůampŽƌĞƐƚƌLJĂŶĚtŝůĚůŝĨĞWůĂŶEamptWͿŶϮϬϭϯŚĞůƉĞĚĞƐƚĂďůŝƐŚĂĐƌŽƐƐͲŵŝŶŝƐƚĞƌŝĂůƚĞĐŚŶŝĐĂůĐŽŵŵŝƩĞĞĂŶĚĂĚǀŝƐŽƌLJŐƌŽƵƉŐĂǀĞƚĞĐŚŶŝĐĂůĂƐƐŝƐƚĂŶĐĞŽŶƚŚĞĐŽŶƚĞŶƚŽĨƚŚĞEamptW ĂŶĚĐŽŶǀĞŶĞĚƐƚĂŬĞŚŽůĚĞƌƐƚŽĐŽŶƐŝĚĞƌĂŶĚƉƌŝŽƌŝƟnjĞŐƌĞĞŶŐƌŽǁƚŚŽďũĞĐƟǀĞƐĨŽƌƚŚĞĨŽƌĞƐƚƐĞĐƚŽƌ ŶϮϬϭϯĂůƐŽďĞŐĂŶƐƵƉƉŽƌƟŶŐƚŚĞEĂƟŽŶĂůŽŵƉĞƟƟǀĞŶĞƐƐŽƵŶĐŝůƚŽŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐŝŶƚŽŝƚƐƐƚƌĂƚĞŐLJĨŽƌŶĂƟŽŶĂůĐŽŵƉĞƟƟǀĞŶĞƐƐƚŚƌŽƵŐŚƚĞĐŚŶŝĐĂůŝŶƉƵƚƐĂŶĚĂƐĞƌŝĞƐŽĨǁŽƌŬƐŚŽƉƐ

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

4

Letter from the President

Dear Friends and Members of the Global ƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞŚĂƐďĞĞŶĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶĨŽƌůĞƐƐƚŚĂŶƚǁŽLJĞĂƌƐzĞƚʹĂƐLJŽƵǁŝůůƐĞĞŝŶƚŚŝƐŶŶƵĂůZĞƉŽƌƚͲŝƚŝƐƐƚĂƌƟŶŐƚŽŵĂŬĞŝƚƐŵĂƌŬĂĐƌŽƐƐƚŚĞǁŽƌůĚĂŶĚŝƚƐĂĐŚŝĞǀĞŵĞŶƚƐĂƌĞďĞŐŝŶŶŝŶŐƚŽďƵŝůĚƵƉŝƐŶŽǁƌĞƐƉŽŶƐŝďůĞĨŽƌϯϰƉƌŽŐƌĂŵƐŽĨĐŚĂŶŐĞŝŶϮϬĐŽƵŶƚƌŝĞƐŝƚŝƐĐŽůůĂďŽƌĂƟŶŐŝŶƐŽŵĞŽĨƚŚĞǁŽƌůĚ ƐŵŽƐƚŝŶŶŽǀĂƟǀĞŐƌĞĞŶŐƌŽǁƚŚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐŝƚŝƐĐƌĞĂƟŶŐĞŵĞƌŐŝŶŐƉĂƌƚŶĞƌƐŚŝƉƐǁŝƚŚƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂŶĚŝƚŝƐĚĞǀĞůŽƉŝŶŐŶĞǁĞdžƉĞƌŝĞŶĐĞĂŶĚĞdžƉĞƌƟƐĞŝŶĂůůƚŚĞĂƌĞĂƐǁŚŝĐŚǁŝůůŵĂƩĞƌŝŶƚŚĞŶĞǁŐůŽďĂůĞĐŽŶŽŵLJ

ƵƚƚŽƐŝŵƉůLJůŝƐƚƚŚĞƐĞĂĐŚŝĞǀĞŵĞŶƚƐŝƐƚŽŵŝƐƐƚŚĞŵĂŝŶƉŽŝŶƚͲǁŚŝĐŚŝƐƚŚĂƚŝƐƚŚĞŽŶůLJŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶǁŚĞƌĞĂĚŝǀĞƌƐĞĐŽŵŵƵŶŝƚLJŽĨĐŽƵŶƚƌŝĞƐŚĂƐƐĞůĨͲƐĞůĞĐƚĞĚƚŽĐŽŵĞƚŽŐĞƚŚĞƌƚŽƉůŽƚĂǁĂLJƚŽĂŐƌĞĞŶĞƌŐůŽďĂůĨƵƚƵƌĞ

dŚŝƐŝƐďĞĐĂƵƐĞŽƵƌϮϬDĞŵďĞƌƐĂŶĚŽƵƌŽƚŚĞƌƉĂƌƚŶĞƌƐĂůůƌĞĐŽŐŶŝnjĞƚŚĂƚŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚŝƐƚŚĞŽŶůLJĨŽƌŵŽĨŐƌŽǁƚŚƚŚĂƚŵĂŬĞƐĞĐŽŶŽŵŝĐĂŶĚƐŽĐŝĞƚĂůƐĞŶƐĞdŚĞLJŚĂǀĞĂůůĚĞŵŽŶƐƚƌĂƚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŽǁĂƌĚƐƚŚŝƐŐŽĂůĂƚŚŽŵĞzĞƚƚŚĞLJĂůƐŽƌĞĐŽŐŶŝnjĞƚŚĂƚĐƌĞĂƟŶŐĂŶĞǁŐůŽďĂůŵŽĚĞůŽĨŐƌŽǁƚŚĐĂŶŶŽƚďĞĚŽŶĞďLJĂŶLJŽŶĞĐŽƵŶƚƌLJ ŶŽŵĂƩĞƌŚŽǁƌŝĐŚŽƌƉŽǁĞƌĨƵů

dŚŝƐŶŶƵĂůZĞƉŽƌƚƐĞƚƐŽƵƚŚŽǁŝƐƌŝƐŝŶŐƚŽƚŚĞĐŚĂůůĞŶŐĞŽĨŵĞĞƟŶŐƚŚŝƐŐůŽďĂůŶĞĞĚ

ƚŐŝǀĞƐŝŶĨŽƌŵĂƟŽŶĂďŽƵƚƚŚĞĚŝǀĞƌƐĞƉƌŽũĞĐƚƐĂĐƌŽƐƐƚŚĞǁŽƌůĚƚŚĂƚǁŝůůďƵŝůĚƌĞĂůĞdžƉĞƌŝĞŶĐĞĂďŽƵƚǁŚĂƚŝƐŶĞĞĚĞĚĨŽƌƚŚĞƐƵƐƚĂŝŶĂďůĞŐůŽďĂůĞĐŽŶŽŵLJʹĐĂƐĞƐƚƵĚŝĞƐŝŶƚŚĞZĞƉŽƌƚĚĞƐĐƌŝďĞĚŝǀĞƌƐĞĞdžƉĞƌŝĞŶĐĞƐĨƌŽŵĂŶĂŵďŝƟŽƵƐǀŝƐŝŽŶĨŽƌƚŚĞŵĂnjŽŶŝŶŽůŽŵďŝĂƚŽĞŶĞƌŐLJƐƚƌĂƚĞŐLJŝŶDŽŶŐŽůŝĂƚŽůŽǁĐĂƌďŽŶƚƌĂŶƐĨŽƌŵĂƟŽŶŝŶƚŚŝŽƉŝĂĂŶĚŐƌĞĞŶŚŽƵƐŝŶŐĚĞǀĞůŽƉŵĞŶƚŝŶZǁĂŶĚĂ

dŚĞZĞƉŽƌƚŚŝŐŚůŝŐŚƚƐŚŽǁƌĞŵĂŝŶƐĂŶŝŶƚĞŐƌĂůƉĂƌƚŶĞƌƚŽƐŽŵĞŽĨƚŚĞŵŽƐƚŝŶŶŽǀĂƟǀĞĂŶĚƐŝŐŶŝĮĐĂŶƚŐůŽďĂůƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŝŶĐůƵĚŝŶŐƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿĂŶĚƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJEͿŝŶŝƟĂƟǀĞ

5

dŚĞZĞƉŽƌƚĂůƐŽƐĞƚƐŽƵƚŚŽǁƚŚĞŶĞǁWƵďůŝĐWƌŝǀĂƚĞŽŽƉĞƌĂƟŽŶĂĚǀŝƐŽƌLJĐŽŵŵŝƩĞĞǁŝůůƉƌŽǀŝĚĞŐƵŝĚĂŶĐĞŽŶƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŽǀĞƌĂůůƉƵďůŝĐͲƉƌŝǀĂƚĞƉƌŽŐƌĂŵŽĨǁŽƌŬ

ampŝŶĂůůLJ ƚŚĞZĞƉŽƌƚĚĞƐĐƌŝďĞƐŚŽǁĨĂĐĞĚƵƉƚŽƐŝŐŶŝĮĐĂŶƚŽƌŐĂŶŝnjĂƟŽŶĂůĂŶĚĮŶĂŶĐŝĂůĐŚĂůůĞŶŐĞƐ

ŚŽƉĞLJŽƵǁŝůůĮŶĚŝƚĂŶŝŶĨŽƌŵĂƟǀĞƐƵŵŵĂƌLJŽĨŚŽǁĨĂƌŚĂƐĐŽŵĞŝŶϮϬϭϯĂŶĚĂƵƐĞĨƵůƉƌĞĚŝĐƚŽƌŽĨŚŽǁǁŝůůĐŽŶƟŶƵĞƚŽĐƌĞĂƚĞǀĂůƵĞ

ZĞĐĞŶƚŝŶƐƟƚƵƟŽŶĂůƌĞĐŽŐŶŝƟŽŶʹƐƵĐŚĂƐƌĞĐĞŝǀŝŶŐKĸĐŝĂůĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞĞůŝŐŝďŝůŝƚLJĨƌŽŵƚŚĞKĂŶĚďĞĐŽŵŝŶŐĂŶŽďƐĞƌǀĞƌƚŽƚŚĞhEampĂŶĚhEĞŶĞƌĂůƐƐĞŵďůLJͲͲƌĞƉƌĞƐĞŶƚƐŝŵƉŽƌƚĂŶƚŵŝůĞƐƚŽŶĞƐĨŽƌƵƚƚŚĞŽŶůLJƌĞĐŽŐŶŝƟŽŶƚŚĂƚŵĂƩĞƌƐŝƐǁŚĞŶŚĞůƉƐŝƚƐDĞŵďĞƌƐƉĂƌƚŶĞƌƐĂŶĚƚŚĞǁŝĚĞƌǁŽƌůĚƚŽŵŽǀĞĨƌŽŵƚŚĞƉŽůůƵƟŶŐƉĂƚŚƚŽĚĞǀĞůŽƉŵĞŶƚĂŶĚŝŶƐƚĞĂĚƚŽĐƌĞĂƚĞĂďĞƩĞƌǁŽƌůĚĨŽƌŐĞŶĞƌĂƟŽŶƐƚŽĐŽŵĞƚǁŝůůƚĂŬĞƟŵĞƚŽŐĞƚƚŚĞƌĞĂŶĚŵŝƐƚĂŬĞƐǁŝůůďĞŵĂĚĞʹďƵƚŚŽƉĞLJŽƵǁŝůůƐĞĞĨƌŽŵƚŚŝƐZĞƉŽƌƚƚŚĂƚƚŚĞŽƌŐĂŶŝnjĂƟŽŶŝƐƌĞĂĚLJŝŶŐŝƚƐĞůĨƚŽƐƚĂLJƚŚĞĐŽƵƌƐĞ

dŚĂŶŬLJŽƵĨŽƌLJŽƵƌƐƵƉƉŽƌƚƚŽ

Bharrat Jagdeo

WƌĞƐŝĚĞŶƚŽĨƚŚĞƐƐĞŵďůLJŽĨƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞ

6

About UsdŚĞůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵĞͿŝƐĂŶĞǁŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĨŽƵŶĚĞĚƚŽƐƵƉƉŽƌƚĂŶĚƉƌŽŵŽƚĞĂŵŽĚĞůof economic growth known as ldquogreen growthrdquo

ĞĂĚƋƵĂƌƚĞƌĞĚŝŶ^ĞŽƵůltŽƌĞĂƚŚĞŽƌŐĂŶŝnjĂƟŽŶŚĂƐϮϬDĞŵďĞƌĐŽƵŶƚƌŝĞƐĂŶĚƐƚĂƚĞƐĂůƐŽŚĂƐŽĸĐĞƐŝŶďƵŚĂďŝŽƉĞŶŚĂŐĞŶĂŶĚgtŽŶĚŽŶĂůŝĂŝƐŽŶŽĸĐĞŝŶ^ŽŶŐĚŽltŽƌĞĂĂƐǁĞůůĂƐƌĞƉƌĞƐĞŶƚĂƟŽŶŝŶƚŚŝŽƉŝĂŶĚŽŶĞƐŝĂĂŶĚĂŶƵŵďĞƌŽĨŽƚŚĞƌƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐǁŚĞƌĞŽƉĞƌĂƟŽŶƐĂƌĞƚĂŬŝŶŐƉůĂĐĞ

7

MissiondŚĞŽƌŐĂŶŝnjĂƟŽŶƉĂƌƚŶĞƌƐǁŝƚŚĐŽƵŶƚƌŝĞƐƚŽŚĞůƉƚŚĞŵďƵŝůĚĞĐŽŶŽŵŝĞƐƚŚĂƚŐƌŽǁƐƚƌŽŶŐůLJ ĂŶĚĂƌĞŵŽƌĞĞĸĐŝĞŶƚĂŶĚƐƵƐƚĂŝŶĂďůĞŝŶƚŚĞƵƐĞŽĨŶĂƚƵƌĂůƌĞƐŽƵƌĐĞƐůĞƐƐĐĂƌďŽŶŝŶƚĞŶƐŝǀĞĂŶĚŵŽƌĞƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

What We DoƚĂĐŚŝĞǀĞƐƚŚŝƐƚŚƌŽƵŐŚĂƉƌŽŐƌĂŵŽĨǁŽƌŬƚĂŝůŽƌĞĚƚŽƚŚĞŝƌŶĞĞĚƐĂƚŶĂƟŽŶĂůŽƌƌĞŐŝŽŶĂůůĞǀĞůĂŶĚŚĂƌŶĞƐƐĞƐĞdžƉĞƌƟƐĞĂĐƌŽƐƐ ƐďƌŽĂĚǁŽƌŬĂƌĞĂƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐŬŶŽǁůĞĚŐĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞĐŽŽƉĞƌĂƟŽŶ

ƐĞdžƉĞƌƚƐĂƌĞĂůƌĞĂĚLJǁŽƌŬŝŶŐǁŝƚŚŐŽǀĞƌŶŵĞŶƚƐĂƌŽƵŶĚƚŚĞǁŽƌůĚďƵŝůĚŝŶŐƚŚĞŝƌĐĂƉĂĐŝƚLJĂŶĚǁŽƌŬŝŶŐĐŽůůĂďŽƌĂƟǀĞůLJŽŶŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŝůůŝŽŶƐ

8

Our PartnersDĞŵďĞƌŽƵŶƚƌŝĞƐ

ƵƐƚƌĂůŝĂĂŵďŽĚŝĂŽƐƚĂZŝĐĂĞŶŵĂƌŬƚŚŝŽƉŝĂƵLJĂŶĂŶĚŽŶĞƐŝĂltŝƌŝďĂƟDĞdžŝĐŽDŽŶŐŽůŝĂEŽƌǁĂLJ WĂƉƵĂEĞǁƵŝŶĞĂWĂƌĂŐƵĂLJ dŚĞWŚŝůŝƉƉŝŶĞƐYĂƚĂƌ ZĞƉƵďůŝĐŽĨltŽƌĞĂZǁĂŶĚĂhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐhŶŝƚĞĚltŝŶŐĚŽŵsŝĞƚŶĂŵ

ŽƌĞŽŶƚƌŝďƵƚŽƌƐ

9

WƌŽũĞĐƚŽŶƚƌŝďƵƚŽƌƐ

10

ĂŶƵĂƌLJ ^ĞĐŽŶĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶďƵŚĂďŝ

ltŽƌĞĂƐŝŐŶĞĚƚŚĞĞĂĚƋƵĂƌƚĞƌƐĂŐƌĞĞŵĞŶƚĂŐƌĞĞŝŶŐƚŽŚŽƐƚĂŶĚƌĞĐŽŐŶŝnjĞĂƐĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶǁŝƚŚĂŶŝŶƚĞƌŶĂƟŽŶĂůůĞŐĂůƉĞƌƐŽŶĂůŝƚLJ

March ĂŵďŽĚŝĂYĂƚĂƌ WĂƉƵĂEĞǁƵŝŶĞĂZĂƟĨLJƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

Ɖƌŝů ampŽƌŵĞƌƵƐƚƌĂůŝĂŶŵďĂƐƐĂĚŽƌ ŽǁĂƌĚĂŵƐĞLJ ĂƉƉŽŝŶƚĞĚƚŽůĞĂĚĨŽƌŽŶĞLJĞĂƌƚĞƌŵ

DĂLJ dŚĞhŶŝƚĞĚltŝŶŐĚŽŵƌĂƟĮĞĚƚŚĞƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

ƵŶĞ DŽŶŐŽůŝĂĂŶĚZǁĂŶĚĂďĞĐĂŵĞŵĞŵďĞƌƐŽĨ

dŚŝƌĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

ǁĂƐŐƌĂŶƚĞĚKĸĐŝĂůĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞKͿĞůŝŐŝďŝůŝƚLJƐƚĂƚƵƐďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚʹĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞŽŵŵŝƩĞĞKͲͿũŽŝŶŝŶŐĂŶƐĞůĞĐƚŐƌŽƵƉŽĨŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŚŽƐĞĐŽŶƚƌŝďƵƟŽŶƐĨƌŽŵĚŽŶŽƌŶĂƟŽŶƐĂƌĞĐŽŶƐŝĚĞƌĞĚK

ƵŐƵƐƚ EŽƌǁĂLJƌĂƟĮĞĚƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

November ǁĂƐŐŝǀĞŶŽďƐĞƌǀĞƌƐƚĂƚƵƐĂƚƐĞƐƐŝŽŶƐŽĨƚŚĞŽŶĨĞƌĞŶĐĞŽĨWĂƌƟĞƐKWͿŽĨƚŚĞhŶŝƚĞĚEĂƟŽŶƐampƌĂŵĞǁŽƌŬŽŶǀĞŶƟŽŶŽŶůŝŵĂƚĞŚĂŶŐĞhEampͿ

December dŚĞŽƌŐĂŶŝnjĂƟŽŶ Ɛ^ŽŶŐĚŽůŝĂŝƐŽŶŽĸĐĞǁĂƐŽƉĞŶĞĚĂƐĂǀĞŶƵĞĨŽƌŝŶƚĞƌŶĂƟŽŶĂůĐŽŽƉĞƌĂƟŽŶĂŶĚĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚŵƵůƟůĂƚĞƌĂůŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚŚĞƌĞĞŶůŝŵĂƚĞampƵŶĚampͿĂƐǁĞůůĂƐĨŽƌƐƉĞĐŝĂůŝnjĞĚƚƌĂŝŶŝŶŐĂŶĚĐĂƉĂĐŝƚLJͲďƵŝůĚŝŶŐĂĐƟǀŝƟĞƐĂŶĚŚŝŐŚͲůĞǀĞůŐŽǀĞƌŶĂŶĐĞĂĐƟǀŝƟĞƐ

dŚĞampŽƵƌƚŚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

dŚĞhŶŝƚĞĚEĂƟŽŶƐĞŶĞƌĂůƐƐĞŵďůLJĂĚŽƉƚĞĚĂƌĞƐŽůƵƟŽŶŐƌĂŶƟŶŐƚŚĞŽďƐĞƌǀĞƌƐƚĂƚƵƐǁŚŝĐŚŐŝǀĞƐƚŚĞƌŝŐŚƚƚŽƐƉĞĂŬĂƚĞŶĞƌĂůƐƐĞŵďůLJŵĞĞƟŶŐƐĂŶĚƐƉŽŶƐŽƌĂŶĚƐŝŐŶƌĞƐŽůƵƟŽŶƐŝƐĂůƐŽďĞĂďůĞƚŽĐĂƐƚƉƌŽĐĞĚƵƌĂůǀŽƚĞƐ

Institutional Milestones

11

June - Global Green Growth Summit 2013

dŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚǁĂƐŚĞůĚŝŶƵŶĞϮϬϭϯŝŶ^ŽŶŐĚŽŶĐŚĞŽŶŝƚLJ ZĞƉƵďůŝĐŽĨltŽƌĞĂdŚĞƚŚŝƌĚĂŶŶƵĂů^ƵŵŵŝƚĨŽĐƵƐĞĚŽŶƚŚĞŶĞdžƵƐďĞƚǁĞĞŶĮŶĂŶĐĞŝŶŶŽǀĂƟŽŶĂŶĚƉŽůŝĐLJ ƉƌŽǀŝĚŝŶŐĂƵŶŝƋƵĞƉůĂƞŽƌŵĨŽƌŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞŝŶĂĐĐĞůĞƌĂƟŶŐƚŚĞƚƌĂŶƐŝƟŽŶƚŽĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJ

dŚĞ^ƵŵŵŝƚƉůĂĐĞĚĞŵƉŚĂƐŝƐŽŶƚĂŬŝŶŐŝŶŶŽǀĂƟǀĞĂƉƉƌŽĂĐŚĞƐƚŽďůĞŶĚƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐĮŶĂŶĐĞĂĚǀĂŶĐĞƚĞĐŚŶŽůŽŐLJĚĞƉůŽLJŵĞŶƚĂƚƐĐĂůĞĂŶĚĚƌŝǀĞĂŶĞƌĂŽĨĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚĂƚƐƚƌŝǀĞƐĨŽƌĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶĞĐŽŶŽŵLJƚƌĂŶƐŝƟŽŶ^ĞĐƵƌŝŶŐŝŶǀĞƐƚŵĞŶƚƐĚĞůŝǀĞƌŝŶŐƚŚĞƌĞƋƵŝƌĞĚĮŶĂŶĐŝŶŐĂŶĚŝŶƐƟƚƵƟŽŶĂůŝŶŶŽǀĂƟŽŶƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞŝŶǀŽůǀĞŵĞŶƚŽĨĮƐĐĂůŝŶƐƚƌƵŵĞŶƚƐǁĞƌĞƚŚĞĐŽƌĞƚŽƉŝĐƐĚŝƐĐƵƐƐĞĚĂƚƐĞƐƐŝŽŶƐ

ŵŽŶŐƚŚĞŬĞLJƐƉĞĂŬĞƌƐĂŶĚƉĂƌƟĐŝƉĂŶƚƐǁĞƌĞDƌ ŚĂƌƌĂƚĂŐĚĞŽWƌĞƐŝĚĞŶƚŽĨƚŚĞƐƐĞŵďůLJ ĂŶĚampŽƌŵĞƌWƌĞƐŝĚĞŶƚŽͲŽƉĞƌĂƟǀĞZĞƉƵďůŝĐŽĨƵLJĂŶĂDƌ ƵĂŶŽƐĠƵĞƌƌĂDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚEĂƚƵƌĂůZĞƐŽƵƌĐĞƐhŶŝƚĞĚDĞdžŝĐĂŶ^ƚĂƚĞƐƌ DŽŬDĂƌĞƚŚ^ĞŶŝŽƌDŝŶŝƐƚĞƌĂŶĚDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚltŝŶŐĚŽŵŽĨĂŵďŽĚŝĂƌ ^ĂŶũĂĂƐƵƌĞŶKLJƵŶDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚDŽŶŐŽůŝĂƌ ƌ ŶĚĂŚDƵƌŶŝŶŝŶŐƚLJĂƐĞƉƵƚLJDŝŶŝƐƚĞƌĂŶĚĞĂĚŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞĂŶĚŶǀŝƌŽŶŵĞŶƚ^ƚĂƚĞDŝŶŝƐƚƌLJŽĨEĂƟŽŶĂůĞǀĞůŽƉŵĞŶƚWůĂŶŶŝŶŐWWE^ͿDƌ DŝĐŚĂĞůgtŝĞďƌĞŝĐŚŚŝĞĨdžĞĐƵƟǀĞůŽŽŵďĞƌŐEĞǁŶĞƌŐLJampŝŶĂŶĐĞƌ ƆƌŐĞŶZĂŶĚĞƌƐWƌŽĨĞƐƐŽƌŽĨůŝŵĂƚĞ^ƚƌĂƚĞŐLJ EŽƌǁĞŐŝĂŶƵƐŝŶĞƐƐ^ĐŚŽŽůĂŶĚƚŽ^ŝůĞƐŚŝĞƚĂŚƵŶ^ƚĂƚĞDŝŶŝƐƚĞƌŽĨŐƌŝĐƵůƚƵƌĞampĞĚĞƌĂůĞŵŽĐƌĂƟĐZĞƉƵďůŝĐŽĨƚŚŝŽƉŝĂ

ampŽƌŵŽƌĞŽŶ^ϮϬϭϯƉůĞĂƐĞǀŝƐŝƚŚƩƉŐŐŐƐƵŵŵŝƚŽƌŐ

12

Our carbon emissions in 2013

ƐƉĂƌƚŽĨ ƐĐŽƌƉŽƌĂƚĞƐŽĐŝĂůƌĞƐƉŽŶƐŝďŝůŝƚLJ ǁĞŵĞĂƐƵƌĞĚŽƵƌĐĂƌďŽŶĨŽŽƚƉƌŝŶƚŝŶϮϬϭϯĨƌŽŵŽƵƌƚǁŽůĂƌŐĞƐƚƐŽƵƌĐĞƐŽĨĞŵŝƐƐŝŽŶƐͲĂŝƌƚƌĂǀĞůĂŶĚďƵŝůĚŝŶŐƵƐĞŝƌƚƌĂǀĞůŝŶĐůƵĚĞĚƐƚĂīĂŶĚŶŽŶͲƐƚĂīĐŽŶƐƵůƚĂŶƚƐƌĞƐĞĂƌĐŚĨĞůůŽǁƐĞƚĐͿƚƌĂǀĞůĂƐǁĞůůĂƐŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐĮŶĂŶĐĞĚďLJŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐƐŽŶůLJŝŶĐůƵĚĞĚĞůĞĐƚƌŝĐŝƚLJƵƐĞĨƌŽŵŚĞĂĚƋƵĂƌƚĞƌƐŝŶ^ĞŽƵů

Building 10

Air travel90

GGGI Carbon Emissions in 2013

tCO2

Building (HQ only) 88Air Travel 793Total (tCO2) 881

HQ (Seoul) 50

London10

Meeting participants

21

Copenhagen2

Abu Dhabi2

Other non-staff (Consultants etc)

6

Project offices

9

GGGI Carbon Emissions from Air

Travel in 2013

tCO2

HQ (Seoul) 392London 77Copenhagen 16Abu Dhabi 19Project offices 73Other non-staff(Consultants etc) 50Meeting participants 166Total (tCO2) 793

Towards a carbon-lean GGGI

13

Towards a carbon-lean GGGI

ƚŽƚĂůŽĨϴϴϭƚŽŶƐŽĨKϮƚKϮͿǁĂƐĞŵŝƩĞĚďLJŝŶϮϬϭϯϵϬйŽĨǁŚŝĐŚĐĂŵĞĨƌŽŵĂŝƌƚƌĂǀĞůĂŶĚƚŚĞƌĞŵĂŝŶŝŶŐϭϬйĨƌŽŵďƵŝůĚŝŶŐĞůĞĐƚƌŝĐŝƚLJƵƐĞ

ƐŽǀĞƌϳϬйŽĨƐƚĂīŵĞŵďĞƌƐĂƌĞĐƵƌƌĞŶƚůLJďĂƐĞĚŝŶ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐƚŚĞůĂƌŐĞƐƚƐŚĂƌĞϱϬйͿŽĨĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐĐĂŵĞĨƌŽŵƐƚĂīďĂƐĞĚŝŶ^ĞŽƵůǁŚŝůĞƐƚĂīƚƌĂǀĞůĨƌŽŵŶŽŶͲŚĞĂĚƋƵĂƌƚĞƌďĂƐĞĚŽĸĐĞƐĂĐĐŽƵŶƚĞĚĨŽƌϮϯйDĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐƐƵƉƉŽƌƚĞĚďLJĂƩĞŶĚŝŶŐŵĂũŽƌĞǀĞŶƚƐƐƵĐŚĂƐŽƵŶĐŝůƐĞƐƐŝŽŶƐĂŶĚƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚĂŵŽƵŶƚĞĚƚŽϭϲϲƚKϮǁŚŝĐŚĂĐĐŽƵŶƚĞĚĨŽƌϮϭйŽĨƚŽƚĂůĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐ

Methodology used

ƐĐĂůĐƵůĂƟŽŶŽĨŽƵƌĐĂƌďŽŶĞŵŝƐƐŝŽŶƐĨŽůůŽǁĞĚƚŚĞƉƌŝŶĐŝƉůĞƐĨƌŽŵƚŚĞƌĞĞŶŚŽƵƐĞĂƐWƌŽƚŽĐŽůĚĞǀĞůŽƉĞĚďLJƚŚĞtŽƌůĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞtZͿĂŶĚƚŚĞtŽƌůĚƵƐŝŶĞƐƐŽƵŶĐŝůĨŽƌ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚt^ͿĂƌďŽŶĞŵŝƐƐŝŽŶĨŽƌĂŝƌƚƌĂǀĞůǁĞƌĞĐĂƉƚƵƌĞĚďĂƐĞĚŽŶDŝƐƐŝŽŶZĞƋƵĞƐƚƐƐƵďŵŝƩĞĚďLJƐƚĂīŝŶϮϬϭϯĂŶĚůŝƐƚƐƉƌŽǀŝĚĞĚďLJƚŚĞǀĞŶƚƐƚĞĂŵĨŽƌŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐKĂƌďŽŶŵŝƐƐŝŽŶƐĂůĐƵůĂƚŽƌsĞƌƐŝŽŶϮϲͿǁĂƐƵƐĞĚĨŽƌĐĂůĐƵůĂƟŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶĨƌŽŵĂŝƌƚƌĂǀĞůƐĨŽƌĞŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐĞŶĞƌŐLJƵƐĞƚŚĞĐĂůĐƵůĂƟŽŶŽŶůLJŝŶĐůƵĚĞĚƉƵƌĐŚĂƐĞĚĞůĞĐƚƌŝĐŝƚLJĨƌŽŵ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐĂƐŽƚŚĞƌŽĸĐĞƐĚŝĚŶŽƚŚĂǀĞƚŚĞƌĞƋƵŝƌĞĚĚĂƚĂŝŶϮϬϭϯ

Looking ahead

ƐƚƌŝǀĞƐƚŽǁĂůŬƚŚĞƚĂůŬĂŶĚďĞĐŽŵĞĂĐĂƌďŽŶͲůĞĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶtĞǁŝůůƵƐĞϮϬϭϯĐĂƌďŽŶĚĂƚĂĂƐĂďĂƐĞůŝŶĞƚŽƐĞĞŚŽǁďĞƐƚƚŽƌĞĚƵĐĞŽƵƌĞŵŝƐƐŝŽŶƐĞƐƉĞĐŝĂůůLJĨƌŽŵĂŝƌƚƌĂǀĞůĞŝƚŚĞƌƚŚƌŽƵŐŚďƵŶĚůŝŶŐŵŝƐƐŝŽŶƐŽƌŵŽƌĞĞīĞĐƟǀĞƵƐĞŽĨǀŝĚĞŽĐŽŶĨĞƌĞŶĐŝŶŐŽƌŽƚŚĞƌŽŶůŝŶĞŵĞĂŶƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶtŚŝůĞĨŽĐƵƐǁŝůůďĞŐŝǀĞŶƚŽƌĞĚƵĐŝŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶŝŶŽƵƌĚĂLJͲƚŽͲĚĂLJŽƉĞƌĂƟŽŶƐǁŝůůŝŶƉĂƌĂůůĞůĞdžƉůŽƌĞŵŽĚĂůŝƟĞƐĨŽƌƉƵƌĐŚĂƐŝŶŐĐĂƌďŽŶŽīƐĞƚƐĨŽƌƵŶĂǀŽŝĚĂďůĞĞŵŝƐƐŝŽŶƐƚŽďĞĐŽŵĞĂĐĂƌďŽŶͲŶĞƵƚƌĂůŽƌŐĂŶŝnjĂƟŽŶ

14

ŚĂƐϯϰƉƌŽŐƌĂŵƐŝŶϮϬĐŽƵŶƚƌŝĞƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŵƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞŝƌƌĞŐŝŽŶĂůŽƌŶĂƟŽŶĂůĞĐŽŶŽŵŝĐŐŽĂůƐ

ƚLJƉŝĐĂůĐŽƵŶƚƌLJƉƌŽŐƌĂŵĐŽŶƐŝƐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶWͿĂŶĂůLJƐŝƐĂŶĚĚĞƐŝŐŶĚŽŵĞƐƟĐĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉƚŽƐƵƉƉŽƌƚWŝŵƉůĞŵĞŶƚĂƟŽŶ

ƐƉƌŽũĞĐƚĐLJĐůĞƐƚĂƌƚƐĨƌŽŵƵŶĚĞƌƐƚĂŶĚŝŶŐĂŐŝǀĞŶĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚŽďũĞĐƟǀĞƐĂŶĚƚŽƚŚĞŶĂƐƐĞƐƐƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŽĂĐŚŝĞǀĞƚŚĞŵtĞĚŽƚŚŝƐďLJĐŽŶĚƵĐƟŶŐƌŝŐŽƌŽƵƐƐĞĐƚŽƌͲďLJͲƐĞĐƚŽƌ ĂŶĂůLJƐŝƐĂŶĚďLJƉƌŝŽƌŝƟnjŝŶŐĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐĂůŽŶŐŵƵůƟƉůĞĚŝŵĞŶƐŝŽŶƐƚŚĂƚƌĞŇĞĐƚĂĐŽƵŶƚƌLJ ƐŽǁŶƉƌŝŽƌŝƟĞƐdŚŝƐůĞĂĚƐƚŽĚĞǀĞůŽƉŝŶŐŵƵůƟͲƐĞĐƚŽƌ ĐŽŵƉƌĞŚĞŶƐŝǀĞƐƚƌĂƚĞŐŝĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚdŚĞƐĞĂƌĞƚŚĞŶĂƐƐĞƐƐĞĚŝŶƚĞƌŵƐŽĨƚŚĞŝƌĐŽƐƚƐŝŶĐůƵĚŝŶŐƚŚĞŝƌŝŵƉůŝĐĂƟŽŶƐĨŽƌƚŚĞǁŝĚĞƌĞĐŽŶŽŵLJampŝŶĂůůLJďƵŝůĚŝŶŐŽŶŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞƐƵƉƉŽƌƚƐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂƉƉƌŽƉƌŝĂƚĞŝŶƐƟƚƵƟŽŶĂůĨƌĂŵĞǁŽƌŬƐƚŽŝŵƉůĞŵĞŶƚƐƵĐŚƐƚƌĂƚĞŐŝĞƐĂŶĚĞǀĞŶƚƵĂůůLJŚĞůƉƐĐŽƵŶƚƌŝĞƐƚƌĂŶƐĨŽƌŵƚŚĞƐƚƌĂƚĞŐŝĞƐŝŶƚŽƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐƚŚĂƚĐĂŶĂƩƌĂĐƚĨƵŶĚŝŶŐĨƌŽŵƚŚĞƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞƐĞĐƚŽƌ

ƐĐƵƌƌĞŶƚŽƉĞƌĂƟŽŶƐƐƉĂŶĂĐƌŽƐƐĂǁŝĚĞƌĂŶŐĞŽĨƐĞĐƚŽƌƐĂŶĚĂĐƟǀŝƟĞƐampƌŽŵƐƵƉƉŽƌƟŶŐĂŶĂƟŽŶĂůĨŽƌĞƐƚƉůĂŶŝŶWĞƌƵƚŽĐŽůůĂďŽƌĂƟŶŐǁŝƚŚƚŚŝŽƉŝĂŽŶĂĐůŝŵĂƚĞƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJampƌŽŵŚĞůƉŝŶŐƚŽƐƚƌĞŶŐƚŚĞŶƐƚĂƚĞͲůĞǀĞůĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐŝŶltĂƌŶĂƚĂŬĂŶĚŝĂͿƚŽǁŽƌŬŝŶŐǁŝƚŚƚŚĞŶĞǁDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶŝŶDĞdžŝĐŽŽŶƉƌŝŽƌŝƟĞƐĨŽƌĂŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƚŚĂƚŚĂƐƚŚĞƉŽƚĞŶƟĂůƚŽŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŽƌĞƚŚĂŶϯϬŵŝůůŝŽŶƉĞŽƉůĞ

ŶϮϬϭϯŝŶǀĞƐƚĞĚŚĞĂǀŝůLJŝŶŽŶͲƚŚĞͲŐƌŽƵŶĚĞdžƉĞƌƚƐƚŽĂĚǀŝƐĞƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐŽŶƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚƐƚĂƌƚĞĚŵŽǀŝŶŐŝƚƐƚĞĂŵƐƚŽďĞďĂƐĞĚŝŶƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĞdžƉĞƌƚƐŚĂǀĞďĞĞŶǁŽƌŬŝŶŐĐůŽƐĞůLJǁŝƚŚŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐĂŶĚĂŐĞŶĐŝĞƐŝŶŽƌĚĞƌƚŽŐĂŝŶĂŶŝŶͲĚĞƉƚŚƵŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚŬŶŽǁůĞĚŐĞŽĨůŽĐĂůƉƌŝŽƌŝƟĞƐdŚŝƐĂƉƉƌŽĂĐŚŚĞůƉƐƵŶĚĞƌƐƚĂŶĚďĞƩĞƌŝƚƐƉĂƌƚŶĞƌƐĂŶĚƚĂŝůŽƌŝƚƐƐƵƉƉŽƌƚĂŶĚĂůƐŽŚĞůƉƐŐŽǀĞƌŶŵĞŶƚƐďƵŝůĚŝŶƚĞƌŶĂůĐĂƉĂĐŝƚLJƚŽĞǀĞŶƚƵĂůůLJĐĂƌƌLJŽƵƚŐƌĞĞŶŐƌŽǁƚŚǁŽƌŬǁŝƚŚŽƵƚƚŚĞĂƐƐŝƐƚĂŶĐĞŽĨŽƵƚƐŝĚĞŐƌŽƵƉƐ

dŚĞĨŽůůŽǁŝŶŐĚĞƚĂŝůƐƚŚĞƐƚĂƚƵƐŝŶϮϬϭϯŽĨ ƐƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƐ

Working on the ground to develop

green growth strategies

Green Growth Planning

and Implementation

Latin America

16

Brazil

Focus Forestry

ampŽůůŽǁŝŶŐƵƉŽŶŝƚƐƐƵƉƉŽƌƚƚŽƌĂnjŝů ƐŶĂƟŽŶĂůĐůŝŵĂƚĞĐŚĂŶŐĞƐƚƌĂƚĞŐLJ ŝƐĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚDŽͿŝŶĚĞǀĞůŽƉŝŶŐĂƐƵƐƚĂŝŶĂďůĞƟŵďĞƌŝŶĚƵƐƚƌLJŝŶƚŚĞŵĂnjŽŶĂƐƉĂƌƚŽĨĂďƌŽĂĚĞƌƉŽůŝĐLJĨƌĂŵĞǁŽƌŬĚĞƐŝŐŶĞĚƚŽƌĞŝŶĨŽƌĐĞƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞƐŽĨĂƌŝŶƚĂĐŬůŝŶŐĚĞĨŽƌĞƐƚĂƟŽŶŝŶƚŚĞŵĂnjŽŶƌĞŐŝŽŶŝƐĐŽŶĐĞŶƚƌĂƟŶŐŝƚƐĞīŽƌƚƐŝŶƚŚĞdĂƉĂũŽƐďĂƐŝŶĂƚƚŚĞĨƌŽŶƟĞƌŽĨĨŽƌĞƐƚĚĞǀĞůŽƉŵĞŶƚŝĚĞŶƟĨLJŝŶŐƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚĂĐƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞĨŽƌĞƐƚŝŶĚƵƐƚƌLJ ƐƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚŐƌŽǁƚŚŶϮϬϭϯĐŽŶĚƵĐƚĞĚĂƐƵƌǀĞLJŽĨĐŽŵƉĂŶŝĞƐŝŶƚŚĞƐĞĐƚŽƌ ƉƌŽǀŝĚŝŶŐƚŚĞĮƌƐƚƚŚŽƌŽƵŐŚĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞďĂƌƌŝĞƌƐĨĂĐĞĚďLJƚŚĞŝŶĚƵƐƚƌLJŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞDŽƚŽŝŶƚĞŐƌĂƚĞƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚŝƐĞdžƉĞƌŝĞŶĐĞŝŶƚŽŶĂƟŽŶĂůƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐ

Case Study Colombia Amazon Basin

ƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚŽůŽŵďŝĂďĞŐĂŶŝŶĞĂƌůLJϮϬϭϯĂƐƉĂƌƚŽĨƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŵĂnjŽŶĂƐŝŶƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƚŝŶŝƟĂůůLJǁĂƐĚĞƐŝŐŶĞĚƚŽĂƐƐŝƐƚŵĂnjŽŶĂƐŝŶĐŽƵŶƚƌŝĞƐƚŽďƵŝůĚŝŶƚĞƌŶĂƟŽŶĂůƉĂƌƚŶĞƌƐŚŝƉƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞŝƌĨŽƌĞƐƚƐĂŶĚƉƌŽŵŽƚĞƚŚĞĂĚŽƉƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐ

ƵƌƌĞŶƚůLJ ŝƐĨŽĐƵƐŝŶŐŽŶŽůŽŵďŝĂǁŚĞƌĞƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐŚĂǀĞĚĞǀĞůŽƉĞĚĂƐƚƌŽŶŐƉĂƌƚŶĞƌƐŚŝƉŽŶĨŽƌĞƐƚƌLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚdŚĞĞīŽƌƚŝƐĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂůĂƌŐĞͲƐĐĂůĞŝŶǀĞƐƚŵĞŶƚƉůĂŶĂŶĚĨƵŶĚŝŶŐŵĞĐŚĂŶŝƐŵƚŽƐƵƉƉŽƌƚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐĞŶŐĂŐĞŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚŽƉƟŽŶƐŝŶƚŚĞŽůŽŵďŝĂŶŵĂnjŽŶZĞŐŝŽŶ

ŝƐƉĂƌƚŶĞƌŝŶŐǁŝƚŚŽůŽŵďŝĂ ƐDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂŶĚ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚD^ͿƚŽĂƐƐĞƐƐƚŚĞĨĞĂƐŝďŝůŝƚLJŽĨƚŚĞƉůĂŶĂŶĚĮŶĂŶĐŝŶŐǀĞŚŝĐůĞdŚĞŝŶŝƟĂƟǀĞĂŝŵƐƚŽŐĞŶĞƌĂƚĞƉĂLJŵĞŶƚƐĨƌŽŵĚŽŶŽƌƐŝŶƚŚĞƌĂŶŐĞŽĨΨϭϬϬŵŝůůŝŽŶƚŽΨϭϱϬŵŝůůŝŽŶƉĞƌLJĞĂƌƚŽĐŽŵƉĞŶƐĂƚĞĨŽƌƚŚĞĐŽƵŶƚƌLJ ƐƌĞĚƵĐĞĚĚĞĨŽƌĞƐƚĂƟŽŶƵƉƚŽnjĞƌŽŶĞƚŐŽĂůďLJϮϬϮϬŶƚŚĞĐŽŵŝŶŐLJĞĂƌƐŚŽƉĞƐƚŽĨƵƌƚŚĞƌĐŽůůĂďŽƌĂƚĞǁŝƚŚD^ƚŽŝĚĞŶƟĨLJůŝŶŬĂŐĞƐǁŝƚŚƚŚĞůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJƚŚĂƚŽůŽŵďŝĂŚĂƐĂůƌĞĂĚLJĚĞǀĞůŽƉĞĚ

ŶϮϬϭϯĂĐƟǀĞůLJĞŶŐĂŐĞĚŽƚŚĞƌŬĞLJŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐƚŽĞdžƉůŽƌĞƚŚĞƉŽƚĞŶƟĂůƚŽĨƵƌƚŚĞƌŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĐŽƵŶƚƌLJ ƐďƌŽĂĚĞƌĞĐŽŶŽŵŝĐƉůĂŶŶŝŶŐŶƉĂƌƟĐƵůĂƌ ŝƐŝŶƚŚĞĞĂƌůLJƐƚĂŐĞƐŽĨĚĞǀĞůŽƉŝŶŐĂŶĂŐĞŶĚĂŽĨǁŽƌŬǁŝƚŚƚŚĞEĂƟŽŶĂůWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚƚŽǁĂƌĚŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐŶĂƟŽŶĂůŐƌŽǁƚŚĂŶĚƐŽĐŝĂůŝŶĚŝĐĂƚŽƌƐĂŶĚŝŶƚŽŬĞLJƐĞĐƚŽƌƐ

17

Mexico

Focus Climate Change Adaptation

Urban Development and Transport

ĂƐƐŝƐƚĞĚƚŚĞDŝŶŝƐƚƌLJŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚ^DZEdͿŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨĐŽůŽŐLJĂŶĚůŝŵĂƚĞŚĂŶŐĞEͿƚŽĞdžƉĂŶĚƚŚĞƐĐŽƉĞŽĨDĞdžŝĐŽ ƐEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞ^ƚƌĂƚĞŐLJdŚŝƐǁĂƐĂĐŚŝĞǀĞĚƉƌŝŵĂƌŝůLJďLJŚĞůƉŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐůŝŵĂƚĞĂĚĂƉƚĂƟŽŶŝŶƚŽƚŚĞƐƚƌĂƚĞŐLJďĂƐĞĚŽŶƌŝƐŬŵĂŶĂŐĞŵĞŶƚƚŚĞĞǀĂůƵĂƟŽŶŽĨƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƟĐĞǀĞŶƚƐŽŶŬĞLJƐĞĐƚŽƌƐŽĨƚŚĞĞĐŽŶŽŵLJ ĂŶĚƚŚĞĂŶĂůLJƐĞƐĂŶĚƉƌŝŽƌŝƟnjĂƟŽŶŽĨĂĚĂƉƚĂƟŽŶĂĐƟŽŶƐŶĂĚĚŝƟŽŶĚĞǀĞůŽƉĞĚĂŵĞƚŚŽĚŽůŽŐLJƚŽŝĚĞŶƟĨLJŵƵŶŝĐŝƉĂůŝƟĞƐƚŚĂƚĂƌĞŵŽƐƚĂƚͲƌŝƐŬƚŽŵĂũŽƌĐůŝŵĂƚĞĞǀĞŶƚƐ

ŶϮϬϭϯĂůƐŽďĞŐĂŶǁŽƌŬŝŶŐǁŝƚŚƚŚĞDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶDĞͿƚŽĚĞǀĞůŽƉĂĨƌĂŵĞǁŽƌŬĨŽƌƌĞŐŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐdŚĞDĞƌĞƉƌĞƐĞŶƚƐĂŶŽǀĞůĂƉƉƌŽĂĐŚƚŽƚĂĐŬůŝŶŐĐƌŽƐƐͲũƵƌŝƐĚŝĐƟŽŶĂůĐŚĂůůĞŶŐĞƐĂŶĚŚĂƐďĞĞŶŐŝǀĞŶƚŚĞŵĂŶĚĂƚĞŽĨŽǀĞƌƐĞĞŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂĐƌŽƐƐϲƐƚĂƚĞƐŝŶĐĞŶƚƌĂůDĞdžŝĐŽƚŚĂƚƚŽŐĞƚŚĞƌĂĐĐŽƵŶƚĨŽƌĂďŽƵƚĂƚŚŝƌĚŽĨƚŚĞĐŽƵŶƚƌLJ ƐƉŽƉƵůĂƟŽŶŚĂƐŚĞůƉĞĚĂƐƐĞƐƐĂŶĚĚĞƐŝŐŶƉŽůŝĐŝĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶƚĂdžĞƐŽŶŐĂƐŽůŝŶĞĂŶĚǀĞŚŝĐůĞŽǁŶĞƌƐŚŝƉĂŶĚĐŽͲnjŽŶĞƐǁŝƚŚƌĞƐƚƌŝĐƚĞĚŵŽǀĞŵĞŶƚŽĨǀĞŚŝĐůĞƐ

Peru

Focus Forestry Competitiveness

WĞƌƵ ƐĨŽƌĞƐƚƐĞĐƚŽƌŚĂƐďĞĞŶƵŶĚĞƌŐŽŝŶŐĚƌĂŵĂƟĐĐŚĂŶŐĞŽǀĞƌƚŚĞƉĂƐƚƚŚƌĞĞLJĞĂƌƐǁŝƚŚĂƐĞƌŝĞƐŽĨŶĞǁƉŽůŝĐŝĞƐĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁampŽƌĞƐƚƌLJ^ĞƌǀŝĐĞĂŶĚampŽƌĞƐƚƌLJDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵŝƐŚĞůƉŝŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽŝƚƐEĂƟŽŶĂůampŽƌĞƐƚƌLJĂŶĚtŝůĚůŝĨĞWůĂŶEamptWͿŶϮϬϭϯŚĞůƉĞĚĞƐƚĂďůŝƐŚĂĐƌŽƐƐͲŵŝŶŝƐƚĞƌŝĂůƚĞĐŚŶŝĐĂůĐŽŵŵŝƩĞĞĂŶĚĂĚǀŝƐŽƌLJŐƌŽƵƉŐĂǀĞƚĞĐŚŶŝĐĂůĂƐƐŝƐƚĂŶĐĞŽŶƚŚĞĐŽŶƚĞŶƚŽĨƚŚĞEamptW ĂŶĚĐŽŶǀĞŶĞĚƐƚĂŬĞŚŽůĚĞƌƐƚŽĐŽŶƐŝĚĞƌĂŶĚƉƌŝŽƌŝƟnjĞŐƌĞĞŶŐƌŽǁƚŚŽďũĞĐƟǀĞƐĨŽƌƚŚĞĨŽƌĞƐƚƐĞĐƚŽƌ ŶϮϬϭϯĂůƐŽďĞŐĂŶƐƵƉƉŽƌƟŶŐƚŚĞEĂƟŽŶĂůŽŵƉĞƟƟǀĞŶĞƐƐŽƵŶĐŝůƚŽŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐŝŶƚŽŝƚƐƐƚƌĂƚĞŐLJĨŽƌŶĂƟŽŶĂůĐŽŵƉĞƟƟǀĞŶĞƐƐƚŚƌŽƵŐŚƚĞĐŚŶŝĐĂůŝŶƉƵƚƐĂŶĚĂƐĞƌŝĞƐŽĨǁŽƌŬƐŚŽƉƐ

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

5

dŚĞZĞƉŽƌƚĂůƐŽƐĞƚƐŽƵƚŚŽǁƚŚĞŶĞǁWƵďůŝĐWƌŝǀĂƚĞŽŽƉĞƌĂƟŽŶĂĚǀŝƐŽƌLJĐŽŵŵŝƩĞĞǁŝůůƉƌŽǀŝĚĞŐƵŝĚĂŶĐĞŽŶƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŽǀĞƌĂůůƉƵďůŝĐͲƉƌŝǀĂƚĞƉƌŽŐƌĂŵŽĨǁŽƌŬ

ampŝŶĂůůLJ ƚŚĞZĞƉŽƌƚĚĞƐĐƌŝďĞƐŚŽǁĨĂĐĞĚƵƉƚŽƐŝŐŶŝĮĐĂŶƚŽƌŐĂŶŝnjĂƟŽŶĂůĂŶĚĮŶĂŶĐŝĂůĐŚĂůůĞŶŐĞƐ

ŚŽƉĞLJŽƵǁŝůůĮŶĚŝƚĂŶŝŶĨŽƌŵĂƟǀĞƐƵŵŵĂƌLJŽĨŚŽǁĨĂƌŚĂƐĐŽŵĞŝŶϮϬϭϯĂŶĚĂƵƐĞĨƵůƉƌĞĚŝĐƚŽƌŽĨŚŽǁǁŝůůĐŽŶƟŶƵĞƚŽĐƌĞĂƚĞǀĂůƵĞ

ZĞĐĞŶƚŝŶƐƟƚƵƟŽŶĂůƌĞĐŽŐŶŝƟŽŶʹƐƵĐŚĂƐƌĞĐĞŝǀŝŶŐKĸĐŝĂůĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞĞůŝŐŝďŝůŝƚLJĨƌŽŵƚŚĞKĂŶĚďĞĐŽŵŝŶŐĂŶŽďƐĞƌǀĞƌƚŽƚŚĞhEampĂŶĚhEĞŶĞƌĂůƐƐĞŵďůLJͲͲƌĞƉƌĞƐĞŶƚƐŝŵƉŽƌƚĂŶƚŵŝůĞƐƚŽŶĞƐĨŽƌƵƚƚŚĞŽŶůLJƌĞĐŽŐŶŝƟŽŶƚŚĂƚŵĂƩĞƌƐŝƐǁŚĞŶŚĞůƉƐŝƚƐDĞŵďĞƌƐƉĂƌƚŶĞƌƐĂŶĚƚŚĞǁŝĚĞƌǁŽƌůĚƚŽŵŽǀĞĨƌŽŵƚŚĞƉŽůůƵƟŶŐƉĂƚŚƚŽĚĞǀĞůŽƉŵĞŶƚĂŶĚŝŶƐƚĞĂĚƚŽĐƌĞĂƚĞĂďĞƩĞƌǁŽƌůĚĨŽƌŐĞŶĞƌĂƟŽŶƐƚŽĐŽŵĞƚǁŝůůƚĂŬĞƟŵĞƚŽŐĞƚƚŚĞƌĞĂŶĚŵŝƐƚĂŬĞƐǁŝůůďĞŵĂĚĞʹďƵƚŚŽƉĞLJŽƵǁŝůůƐĞĞĨƌŽŵƚŚŝƐZĞƉŽƌƚƚŚĂƚƚŚĞŽƌŐĂŶŝnjĂƟŽŶŝƐƌĞĂĚLJŝŶŐŝƚƐĞůĨƚŽƐƚĂLJƚŚĞĐŽƵƌƐĞ

dŚĂŶŬLJŽƵĨŽƌLJŽƵƌƐƵƉƉŽƌƚƚŽ

Bharrat Jagdeo

WƌĞƐŝĚĞŶƚŽĨƚŚĞƐƐĞŵďůLJŽĨƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞ

6

About UsdŚĞůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵĞͿŝƐĂŶĞǁŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĨŽƵŶĚĞĚƚŽƐƵƉƉŽƌƚĂŶĚƉƌŽŵŽƚĞĂŵŽĚĞůof economic growth known as ldquogreen growthrdquo

ĞĂĚƋƵĂƌƚĞƌĞĚŝŶ^ĞŽƵůltŽƌĞĂƚŚĞŽƌŐĂŶŝnjĂƟŽŶŚĂƐϮϬDĞŵďĞƌĐŽƵŶƚƌŝĞƐĂŶĚƐƚĂƚĞƐĂůƐŽŚĂƐŽĸĐĞƐŝŶďƵŚĂďŝŽƉĞŶŚĂŐĞŶĂŶĚgtŽŶĚŽŶĂůŝĂŝƐŽŶŽĸĐĞŝŶ^ŽŶŐĚŽltŽƌĞĂĂƐǁĞůůĂƐƌĞƉƌĞƐĞŶƚĂƟŽŶŝŶƚŚŝŽƉŝĂŶĚŽŶĞƐŝĂĂŶĚĂŶƵŵďĞƌŽĨŽƚŚĞƌƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐǁŚĞƌĞŽƉĞƌĂƟŽŶƐĂƌĞƚĂŬŝŶŐƉůĂĐĞ

7

MissiondŚĞŽƌŐĂŶŝnjĂƟŽŶƉĂƌƚŶĞƌƐǁŝƚŚĐŽƵŶƚƌŝĞƐƚŽŚĞůƉƚŚĞŵďƵŝůĚĞĐŽŶŽŵŝĞƐƚŚĂƚŐƌŽǁƐƚƌŽŶŐůLJ ĂŶĚĂƌĞŵŽƌĞĞĸĐŝĞŶƚĂŶĚƐƵƐƚĂŝŶĂďůĞŝŶƚŚĞƵƐĞŽĨŶĂƚƵƌĂůƌĞƐŽƵƌĐĞƐůĞƐƐĐĂƌďŽŶŝŶƚĞŶƐŝǀĞĂŶĚŵŽƌĞƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

What We DoƚĂĐŚŝĞǀĞƐƚŚŝƐƚŚƌŽƵŐŚĂƉƌŽŐƌĂŵŽĨǁŽƌŬƚĂŝůŽƌĞĚƚŽƚŚĞŝƌŶĞĞĚƐĂƚŶĂƟŽŶĂůŽƌƌĞŐŝŽŶĂůůĞǀĞůĂŶĚŚĂƌŶĞƐƐĞƐĞdžƉĞƌƟƐĞĂĐƌŽƐƐ ƐďƌŽĂĚǁŽƌŬĂƌĞĂƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐŬŶŽǁůĞĚŐĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞĐŽŽƉĞƌĂƟŽŶ

ƐĞdžƉĞƌƚƐĂƌĞĂůƌĞĂĚLJǁŽƌŬŝŶŐǁŝƚŚŐŽǀĞƌŶŵĞŶƚƐĂƌŽƵŶĚƚŚĞǁŽƌůĚďƵŝůĚŝŶŐƚŚĞŝƌĐĂƉĂĐŝƚLJĂŶĚǁŽƌŬŝŶŐĐŽůůĂďŽƌĂƟǀĞůLJŽŶŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŝůůŝŽŶƐ

8

Our PartnersDĞŵďĞƌŽƵŶƚƌŝĞƐ

ƵƐƚƌĂůŝĂĂŵďŽĚŝĂŽƐƚĂZŝĐĂĞŶŵĂƌŬƚŚŝŽƉŝĂƵLJĂŶĂŶĚŽŶĞƐŝĂltŝƌŝďĂƟDĞdžŝĐŽDŽŶŐŽůŝĂEŽƌǁĂLJ WĂƉƵĂEĞǁƵŝŶĞĂWĂƌĂŐƵĂLJ dŚĞWŚŝůŝƉƉŝŶĞƐYĂƚĂƌ ZĞƉƵďůŝĐŽĨltŽƌĞĂZǁĂŶĚĂhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐhŶŝƚĞĚltŝŶŐĚŽŵsŝĞƚŶĂŵ

ŽƌĞŽŶƚƌŝďƵƚŽƌƐ

9

WƌŽũĞĐƚŽŶƚƌŝďƵƚŽƌƐ

10

ĂŶƵĂƌLJ ^ĞĐŽŶĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶďƵŚĂďŝ

ltŽƌĞĂƐŝŐŶĞĚƚŚĞĞĂĚƋƵĂƌƚĞƌƐĂŐƌĞĞŵĞŶƚĂŐƌĞĞŝŶŐƚŽŚŽƐƚĂŶĚƌĞĐŽŐŶŝnjĞĂƐĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶǁŝƚŚĂŶŝŶƚĞƌŶĂƟŽŶĂůůĞŐĂůƉĞƌƐŽŶĂůŝƚLJ

March ĂŵďŽĚŝĂYĂƚĂƌ WĂƉƵĂEĞǁƵŝŶĞĂZĂƟĨLJƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

Ɖƌŝů ampŽƌŵĞƌƵƐƚƌĂůŝĂŶŵďĂƐƐĂĚŽƌ ŽǁĂƌĚĂŵƐĞLJ ĂƉƉŽŝŶƚĞĚƚŽůĞĂĚĨŽƌŽŶĞLJĞĂƌƚĞƌŵ

DĂLJ dŚĞhŶŝƚĞĚltŝŶŐĚŽŵƌĂƟĮĞĚƚŚĞƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

ƵŶĞ DŽŶŐŽůŝĂĂŶĚZǁĂŶĚĂďĞĐĂŵĞŵĞŵďĞƌƐŽĨ

dŚŝƌĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

ǁĂƐŐƌĂŶƚĞĚKĸĐŝĂůĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞKͿĞůŝŐŝďŝůŝƚLJƐƚĂƚƵƐďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚʹĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞŽŵŵŝƩĞĞKͲͿũŽŝŶŝŶŐĂŶƐĞůĞĐƚŐƌŽƵƉŽĨŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŚŽƐĞĐŽŶƚƌŝďƵƟŽŶƐĨƌŽŵĚŽŶŽƌŶĂƟŽŶƐĂƌĞĐŽŶƐŝĚĞƌĞĚK

ƵŐƵƐƚ EŽƌǁĂLJƌĂƟĮĞĚƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

November ǁĂƐŐŝǀĞŶŽďƐĞƌǀĞƌƐƚĂƚƵƐĂƚƐĞƐƐŝŽŶƐŽĨƚŚĞŽŶĨĞƌĞŶĐĞŽĨWĂƌƟĞƐKWͿŽĨƚŚĞhŶŝƚĞĚEĂƟŽŶƐampƌĂŵĞǁŽƌŬŽŶǀĞŶƟŽŶŽŶůŝŵĂƚĞŚĂŶŐĞhEampͿ

December dŚĞŽƌŐĂŶŝnjĂƟŽŶ Ɛ^ŽŶŐĚŽůŝĂŝƐŽŶŽĸĐĞǁĂƐŽƉĞŶĞĚĂƐĂǀĞŶƵĞĨŽƌŝŶƚĞƌŶĂƟŽŶĂůĐŽŽƉĞƌĂƟŽŶĂŶĚĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚŵƵůƟůĂƚĞƌĂůŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚŚĞƌĞĞŶůŝŵĂƚĞampƵŶĚampͿĂƐǁĞůůĂƐĨŽƌƐƉĞĐŝĂůŝnjĞĚƚƌĂŝŶŝŶŐĂŶĚĐĂƉĂĐŝƚLJͲďƵŝůĚŝŶŐĂĐƟǀŝƟĞƐĂŶĚŚŝŐŚͲůĞǀĞůŐŽǀĞƌŶĂŶĐĞĂĐƟǀŝƟĞƐ

dŚĞampŽƵƌƚŚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

dŚĞhŶŝƚĞĚEĂƟŽŶƐĞŶĞƌĂůƐƐĞŵďůLJĂĚŽƉƚĞĚĂƌĞƐŽůƵƟŽŶŐƌĂŶƟŶŐƚŚĞŽďƐĞƌǀĞƌƐƚĂƚƵƐǁŚŝĐŚŐŝǀĞƐƚŚĞƌŝŐŚƚƚŽƐƉĞĂŬĂƚĞŶĞƌĂůƐƐĞŵďůLJŵĞĞƟŶŐƐĂŶĚƐƉŽŶƐŽƌĂŶĚƐŝŐŶƌĞƐŽůƵƟŽŶƐŝƐĂůƐŽďĞĂďůĞƚŽĐĂƐƚƉƌŽĐĞĚƵƌĂůǀŽƚĞƐ

Institutional Milestones

11

June - Global Green Growth Summit 2013

dŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚǁĂƐŚĞůĚŝŶƵŶĞϮϬϭϯŝŶ^ŽŶŐĚŽŶĐŚĞŽŶŝƚLJ ZĞƉƵďůŝĐŽĨltŽƌĞĂdŚĞƚŚŝƌĚĂŶŶƵĂů^ƵŵŵŝƚĨŽĐƵƐĞĚŽŶƚŚĞŶĞdžƵƐďĞƚǁĞĞŶĮŶĂŶĐĞŝŶŶŽǀĂƟŽŶĂŶĚƉŽůŝĐLJ ƉƌŽǀŝĚŝŶŐĂƵŶŝƋƵĞƉůĂƞŽƌŵĨŽƌŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞŝŶĂĐĐĞůĞƌĂƟŶŐƚŚĞƚƌĂŶƐŝƟŽŶƚŽĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJ

dŚĞ^ƵŵŵŝƚƉůĂĐĞĚĞŵƉŚĂƐŝƐŽŶƚĂŬŝŶŐŝŶŶŽǀĂƟǀĞĂƉƉƌŽĂĐŚĞƐƚŽďůĞŶĚƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐĮŶĂŶĐĞĂĚǀĂŶĐĞƚĞĐŚŶŽůŽŐLJĚĞƉůŽLJŵĞŶƚĂƚƐĐĂůĞĂŶĚĚƌŝǀĞĂŶĞƌĂŽĨĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚĂƚƐƚƌŝǀĞƐĨŽƌĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶĞĐŽŶŽŵLJƚƌĂŶƐŝƟŽŶ^ĞĐƵƌŝŶŐŝŶǀĞƐƚŵĞŶƚƐĚĞůŝǀĞƌŝŶŐƚŚĞƌĞƋƵŝƌĞĚĮŶĂŶĐŝŶŐĂŶĚŝŶƐƟƚƵƟŽŶĂůŝŶŶŽǀĂƟŽŶƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞŝŶǀŽůǀĞŵĞŶƚŽĨĮƐĐĂůŝŶƐƚƌƵŵĞŶƚƐǁĞƌĞƚŚĞĐŽƌĞƚŽƉŝĐƐĚŝƐĐƵƐƐĞĚĂƚƐĞƐƐŝŽŶƐ

ŵŽŶŐƚŚĞŬĞLJƐƉĞĂŬĞƌƐĂŶĚƉĂƌƟĐŝƉĂŶƚƐǁĞƌĞDƌ ŚĂƌƌĂƚĂŐĚĞŽWƌĞƐŝĚĞŶƚŽĨƚŚĞƐƐĞŵďůLJ ĂŶĚampŽƌŵĞƌWƌĞƐŝĚĞŶƚŽͲŽƉĞƌĂƟǀĞZĞƉƵďůŝĐŽĨƵLJĂŶĂDƌ ƵĂŶŽƐĠƵĞƌƌĂDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚEĂƚƵƌĂůZĞƐŽƵƌĐĞƐhŶŝƚĞĚDĞdžŝĐĂŶ^ƚĂƚĞƐƌ DŽŬDĂƌĞƚŚ^ĞŶŝŽƌDŝŶŝƐƚĞƌĂŶĚDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚltŝŶŐĚŽŵŽĨĂŵďŽĚŝĂƌ ^ĂŶũĂĂƐƵƌĞŶKLJƵŶDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚDŽŶŐŽůŝĂƌ ƌ ŶĚĂŚDƵƌŶŝŶŝŶŐƚLJĂƐĞƉƵƚLJDŝŶŝƐƚĞƌĂŶĚĞĂĚŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞĂŶĚŶǀŝƌŽŶŵĞŶƚ^ƚĂƚĞDŝŶŝƐƚƌLJŽĨEĂƟŽŶĂůĞǀĞůŽƉŵĞŶƚWůĂŶŶŝŶŐWWE^ͿDƌ DŝĐŚĂĞůgtŝĞďƌĞŝĐŚŚŝĞĨdžĞĐƵƟǀĞůŽŽŵďĞƌŐEĞǁŶĞƌŐLJampŝŶĂŶĐĞƌ ƆƌŐĞŶZĂŶĚĞƌƐWƌŽĨĞƐƐŽƌŽĨůŝŵĂƚĞ^ƚƌĂƚĞŐLJ EŽƌǁĞŐŝĂŶƵƐŝŶĞƐƐ^ĐŚŽŽůĂŶĚƚŽ^ŝůĞƐŚŝĞƚĂŚƵŶ^ƚĂƚĞDŝŶŝƐƚĞƌŽĨŐƌŝĐƵůƚƵƌĞampĞĚĞƌĂůĞŵŽĐƌĂƟĐZĞƉƵďůŝĐŽĨƚŚŝŽƉŝĂ

ampŽƌŵŽƌĞŽŶ^ϮϬϭϯƉůĞĂƐĞǀŝƐŝƚŚƩƉŐŐŐƐƵŵŵŝƚŽƌŐ

12

Our carbon emissions in 2013

ƐƉĂƌƚŽĨ ƐĐŽƌƉŽƌĂƚĞƐŽĐŝĂůƌĞƐƉŽŶƐŝďŝůŝƚLJ ǁĞŵĞĂƐƵƌĞĚŽƵƌĐĂƌďŽŶĨŽŽƚƉƌŝŶƚŝŶϮϬϭϯĨƌŽŵŽƵƌƚǁŽůĂƌŐĞƐƚƐŽƵƌĐĞƐŽĨĞŵŝƐƐŝŽŶƐͲĂŝƌƚƌĂǀĞůĂŶĚďƵŝůĚŝŶŐƵƐĞŝƌƚƌĂǀĞůŝŶĐůƵĚĞĚƐƚĂīĂŶĚŶŽŶͲƐƚĂīĐŽŶƐƵůƚĂŶƚƐƌĞƐĞĂƌĐŚĨĞůůŽǁƐĞƚĐͿƚƌĂǀĞůĂƐǁĞůůĂƐŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐĮŶĂŶĐĞĚďLJŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐƐŽŶůLJŝŶĐůƵĚĞĚĞůĞĐƚƌŝĐŝƚLJƵƐĞĨƌŽŵŚĞĂĚƋƵĂƌƚĞƌƐŝŶ^ĞŽƵů

Building 10

Air travel90

GGGI Carbon Emissions in 2013

tCO2

Building (HQ only) 88Air Travel 793Total (tCO2) 881

HQ (Seoul) 50

London10

Meeting participants

21

Copenhagen2

Abu Dhabi2

Other non-staff (Consultants etc)

6

Project offices

9

GGGI Carbon Emissions from Air

Travel in 2013

tCO2

HQ (Seoul) 392London 77Copenhagen 16Abu Dhabi 19Project offices 73Other non-staff(Consultants etc) 50Meeting participants 166Total (tCO2) 793

Towards a carbon-lean GGGI

13

Towards a carbon-lean GGGI

ƚŽƚĂůŽĨϴϴϭƚŽŶƐŽĨKϮƚKϮͿǁĂƐĞŵŝƩĞĚďLJŝŶϮϬϭϯϵϬйŽĨǁŚŝĐŚĐĂŵĞĨƌŽŵĂŝƌƚƌĂǀĞůĂŶĚƚŚĞƌĞŵĂŝŶŝŶŐϭϬйĨƌŽŵďƵŝůĚŝŶŐĞůĞĐƚƌŝĐŝƚLJƵƐĞ

ƐŽǀĞƌϳϬйŽĨƐƚĂīŵĞŵďĞƌƐĂƌĞĐƵƌƌĞŶƚůLJďĂƐĞĚŝŶ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐƚŚĞůĂƌŐĞƐƚƐŚĂƌĞϱϬйͿŽĨĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐĐĂŵĞĨƌŽŵƐƚĂīďĂƐĞĚŝŶ^ĞŽƵůǁŚŝůĞƐƚĂīƚƌĂǀĞůĨƌŽŵŶŽŶͲŚĞĂĚƋƵĂƌƚĞƌďĂƐĞĚŽĸĐĞƐĂĐĐŽƵŶƚĞĚĨŽƌϮϯйDĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐƐƵƉƉŽƌƚĞĚďLJĂƩĞŶĚŝŶŐŵĂũŽƌĞǀĞŶƚƐƐƵĐŚĂƐŽƵŶĐŝůƐĞƐƐŝŽŶƐĂŶĚƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚĂŵŽƵŶƚĞĚƚŽϭϲϲƚKϮǁŚŝĐŚĂĐĐŽƵŶƚĞĚĨŽƌϮϭйŽĨƚŽƚĂůĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐ

Methodology used

ƐĐĂůĐƵůĂƟŽŶŽĨŽƵƌĐĂƌďŽŶĞŵŝƐƐŝŽŶƐĨŽůůŽǁĞĚƚŚĞƉƌŝŶĐŝƉůĞƐĨƌŽŵƚŚĞƌĞĞŶŚŽƵƐĞĂƐWƌŽƚŽĐŽůĚĞǀĞůŽƉĞĚďLJƚŚĞtŽƌůĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞtZͿĂŶĚƚŚĞtŽƌůĚƵƐŝŶĞƐƐŽƵŶĐŝůĨŽƌ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚt^ͿĂƌďŽŶĞŵŝƐƐŝŽŶĨŽƌĂŝƌƚƌĂǀĞůǁĞƌĞĐĂƉƚƵƌĞĚďĂƐĞĚŽŶDŝƐƐŝŽŶZĞƋƵĞƐƚƐƐƵďŵŝƩĞĚďLJƐƚĂīŝŶϮϬϭϯĂŶĚůŝƐƚƐƉƌŽǀŝĚĞĚďLJƚŚĞǀĞŶƚƐƚĞĂŵĨŽƌŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐKĂƌďŽŶŵŝƐƐŝŽŶƐĂůĐƵůĂƚŽƌsĞƌƐŝŽŶϮϲͿǁĂƐƵƐĞĚĨŽƌĐĂůĐƵůĂƟŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶĨƌŽŵĂŝƌƚƌĂǀĞůƐĨŽƌĞŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐĞŶĞƌŐLJƵƐĞƚŚĞĐĂůĐƵůĂƟŽŶŽŶůLJŝŶĐůƵĚĞĚƉƵƌĐŚĂƐĞĚĞůĞĐƚƌŝĐŝƚLJĨƌŽŵ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐĂƐŽƚŚĞƌŽĸĐĞƐĚŝĚŶŽƚŚĂǀĞƚŚĞƌĞƋƵŝƌĞĚĚĂƚĂŝŶϮϬϭϯ

Looking ahead

ƐƚƌŝǀĞƐƚŽǁĂůŬƚŚĞƚĂůŬĂŶĚďĞĐŽŵĞĂĐĂƌďŽŶͲůĞĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶtĞǁŝůůƵƐĞϮϬϭϯĐĂƌďŽŶĚĂƚĂĂƐĂďĂƐĞůŝŶĞƚŽƐĞĞŚŽǁďĞƐƚƚŽƌĞĚƵĐĞŽƵƌĞŵŝƐƐŝŽŶƐĞƐƉĞĐŝĂůůLJĨƌŽŵĂŝƌƚƌĂǀĞůĞŝƚŚĞƌƚŚƌŽƵŐŚďƵŶĚůŝŶŐŵŝƐƐŝŽŶƐŽƌŵŽƌĞĞīĞĐƟǀĞƵƐĞŽĨǀŝĚĞŽĐŽŶĨĞƌĞŶĐŝŶŐŽƌŽƚŚĞƌŽŶůŝŶĞŵĞĂŶƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶtŚŝůĞĨŽĐƵƐǁŝůůďĞŐŝǀĞŶƚŽƌĞĚƵĐŝŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶŝŶŽƵƌĚĂLJͲƚŽͲĚĂLJŽƉĞƌĂƟŽŶƐǁŝůůŝŶƉĂƌĂůůĞůĞdžƉůŽƌĞŵŽĚĂůŝƟĞƐĨŽƌƉƵƌĐŚĂƐŝŶŐĐĂƌďŽŶŽīƐĞƚƐĨŽƌƵŶĂǀŽŝĚĂďůĞĞŵŝƐƐŝŽŶƐƚŽďĞĐŽŵĞĂĐĂƌďŽŶͲŶĞƵƚƌĂůŽƌŐĂŶŝnjĂƟŽŶ

14

ŚĂƐϯϰƉƌŽŐƌĂŵƐŝŶϮϬĐŽƵŶƚƌŝĞƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŵƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞŝƌƌĞŐŝŽŶĂůŽƌŶĂƟŽŶĂůĞĐŽŶŽŵŝĐŐŽĂůƐ

ƚLJƉŝĐĂůĐŽƵŶƚƌLJƉƌŽŐƌĂŵĐŽŶƐŝƐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶWͿĂŶĂůLJƐŝƐĂŶĚĚĞƐŝŐŶĚŽŵĞƐƟĐĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉƚŽƐƵƉƉŽƌƚWŝŵƉůĞŵĞŶƚĂƟŽŶ

ƐƉƌŽũĞĐƚĐLJĐůĞƐƚĂƌƚƐĨƌŽŵƵŶĚĞƌƐƚĂŶĚŝŶŐĂŐŝǀĞŶĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚŽďũĞĐƟǀĞƐĂŶĚƚŽƚŚĞŶĂƐƐĞƐƐƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŽĂĐŚŝĞǀĞƚŚĞŵtĞĚŽƚŚŝƐďLJĐŽŶĚƵĐƟŶŐƌŝŐŽƌŽƵƐƐĞĐƚŽƌͲďLJͲƐĞĐƚŽƌ ĂŶĂůLJƐŝƐĂŶĚďLJƉƌŝŽƌŝƟnjŝŶŐĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐĂůŽŶŐŵƵůƟƉůĞĚŝŵĞŶƐŝŽŶƐƚŚĂƚƌĞŇĞĐƚĂĐŽƵŶƚƌLJ ƐŽǁŶƉƌŝŽƌŝƟĞƐdŚŝƐůĞĂĚƐƚŽĚĞǀĞůŽƉŝŶŐŵƵůƟͲƐĞĐƚŽƌ ĐŽŵƉƌĞŚĞŶƐŝǀĞƐƚƌĂƚĞŐŝĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚdŚĞƐĞĂƌĞƚŚĞŶĂƐƐĞƐƐĞĚŝŶƚĞƌŵƐŽĨƚŚĞŝƌĐŽƐƚƐŝŶĐůƵĚŝŶŐƚŚĞŝƌŝŵƉůŝĐĂƟŽŶƐĨŽƌƚŚĞǁŝĚĞƌĞĐŽŶŽŵLJampŝŶĂůůLJďƵŝůĚŝŶŐŽŶŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞƐƵƉƉŽƌƚƐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂƉƉƌŽƉƌŝĂƚĞŝŶƐƟƚƵƟŽŶĂůĨƌĂŵĞǁŽƌŬƐƚŽŝŵƉůĞŵĞŶƚƐƵĐŚƐƚƌĂƚĞŐŝĞƐĂŶĚĞǀĞŶƚƵĂůůLJŚĞůƉƐĐŽƵŶƚƌŝĞƐƚƌĂŶƐĨŽƌŵƚŚĞƐƚƌĂƚĞŐŝĞƐŝŶƚŽƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐƚŚĂƚĐĂŶĂƩƌĂĐƚĨƵŶĚŝŶŐĨƌŽŵƚŚĞƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞƐĞĐƚŽƌ

ƐĐƵƌƌĞŶƚŽƉĞƌĂƟŽŶƐƐƉĂŶĂĐƌŽƐƐĂǁŝĚĞƌĂŶŐĞŽĨƐĞĐƚŽƌƐĂŶĚĂĐƟǀŝƟĞƐampƌŽŵƐƵƉƉŽƌƟŶŐĂŶĂƟŽŶĂůĨŽƌĞƐƚƉůĂŶŝŶWĞƌƵƚŽĐŽůůĂďŽƌĂƟŶŐǁŝƚŚƚŚŝŽƉŝĂŽŶĂĐůŝŵĂƚĞƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJampƌŽŵŚĞůƉŝŶŐƚŽƐƚƌĞŶŐƚŚĞŶƐƚĂƚĞͲůĞǀĞůĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐŝŶltĂƌŶĂƚĂŬĂŶĚŝĂͿƚŽǁŽƌŬŝŶŐǁŝƚŚƚŚĞŶĞǁDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶŝŶDĞdžŝĐŽŽŶƉƌŝŽƌŝƟĞƐĨŽƌĂŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƚŚĂƚŚĂƐƚŚĞƉŽƚĞŶƟĂůƚŽŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŽƌĞƚŚĂŶϯϬŵŝůůŝŽŶƉĞŽƉůĞ

ŶϮϬϭϯŝŶǀĞƐƚĞĚŚĞĂǀŝůLJŝŶŽŶͲƚŚĞͲŐƌŽƵŶĚĞdžƉĞƌƚƐƚŽĂĚǀŝƐĞƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐŽŶƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚƐƚĂƌƚĞĚŵŽǀŝŶŐŝƚƐƚĞĂŵƐƚŽďĞďĂƐĞĚŝŶƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĞdžƉĞƌƚƐŚĂǀĞďĞĞŶǁŽƌŬŝŶŐĐůŽƐĞůLJǁŝƚŚŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐĂŶĚĂŐĞŶĐŝĞƐŝŶŽƌĚĞƌƚŽŐĂŝŶĂŶŝŶͲĚĞƉƚŚƵŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚŬŶŽǁůĞĚŐĞŽĨůŽĐĂůƉƌŝŽƌŝƟĞƐdŚŝƐĂƉƉƌŽĂĐŚŚĞůƉƐƵŶĚĞƌƐƚĂŶĚďĞƩĞƌŝƚƐƉĂƌƚŶĞƌƐĂŶĚƚĂŝůŽƌŝƚƐƐƵƉƉŽƌƚĂŶĚĂůƐŽŚĞůƉƐŐŽǀĞƌŶŵĞŶƚƐďƵŝůĚŝŶƚĞƌŶĂůĐĂƉĂĐŝƚLJƚŽĞǀĞŶƚƵĂůůLJĐĂƌƌLJŽƵƚŐƌĞĞŶŐƌŽǁƚŚǁŽƌŬǁŝƚŚŽƵƚƚŚĞĂƐƐŝƐƚĂŶĐĞŽĨŽƵƚƐŝĚĞŐƌŽƵƉƐ

dŚĞĨŽůůŽǁŝŶŐĚĞƚĂŝůƐƚŚĞƐƚĂƚƵƐŝŶϮϬϭϯŽĨ ƐƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƐ

Working on the ground to develop

green growth strategies

Green Growth Planning

and Implementation

Latin America

16

Brazil

Focus Forestry

ampŽůůŽǁŝŶŐƵƉŽŶŝƚƐƐƵƉƉŽƌƚƚŽƌĂnjŝů ƐŶĂƟŽŶĂůĐůŝŵĂƚĞĐŚĂŶŐĞƐƚƌĂƚĞŐLJ ŝƐĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚDŽͿŝŶĚĞǀĞůŽƉŝŶŐĂƐƵƐƚĂŝŶĂďůĞƟŵďĞƌŝŶĚƵƐƚƌLJŝŶƚŚĞŵĂnjŽŶĂƐƉĂƌƚŽĨĂďƌŽĂĚĞƌƉŽůŝĐLJĨƌĂŵĞǁŽƌŬĚĞƐŝŐŶĞĚƚŽƌĞŝŶĨŽƌĐĞƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞƐŽĨĂƌŝŶƚĂĐŬůŝŶŐĚĞĨŽƌĞƐƚĂƟŽŶŝŶƚŚĞŵĂnjŽŶƌĞŐŝŽŶŝƐĐŽŶĐĞŶƚƌĂƟŶŐŝƚƐĞīŽƌƚƐŝŶƚŚĞdĂƉĂũŽƐďĂƐŝŶĂƚƚŚĞĨƌŽŶƟĞƌŽĨĨŽƌĞƐƚĚĞǀĞůŽƉŵĞŶƚŝĚĞŶƟĨLJŝŶŐƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚĂĐƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞĨŽƌĞƐƚŝŶĚƵƐƚƌLJ ƐƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚŐƌŽǁƚŚŶϮϬϭϯĐŽŶĚƵĐƚĞĚĂƐƵƌǀĞLJŽĨĐŽŵƉĂŶŝĞƐŝŶƚŚĞƐĞĐƚŽƌ ƉƌŽǀŝĚŝŶŐƚŚĞĮƌƐƚƚŚŽƌŽƵŐŚĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞďĂƌƌŝĞƌƐĨĂĐĞĚďLJƚŚĞŝŶĚƵƐƚƌLJŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞDŽƚŽŝŶƚĞŐƌĂƚĞƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚŝƐĞdžƉĞƌŝĞŶĐĞŝŶƚŽŶĂƟŽŶĂůƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐ

Case Study Colombia Amazon Basin

ƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚŽůŽŵďŝĂďĞŐĂŶŝŶĞĂƌůLJϮϬϭϯĂƐƉĂƌƚŽĨƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŵĂnjŽŶĂƐŝŶƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƚŝŶŝƟĂůůLJǁĂƐĚĞƐŝŐŶĞĚƚŽĂƐƐŝƐƚŵĂnjŽŶĂƐŝŶĐŽƵŶƚƌŝĞƐƚŽďƵŝůĚŝŶƚĞƌŶĂƟŽŶĂůƉĂƌƚŶĞƌƐŚŝƉƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞŝƌĨŽƌĞƐƚƐĂŶĚƉƌŽŵŽƚĞƚŚĞĂĚŽƉƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐ

ƵƌƌĞŶƚůLJ ŝƐĨŽĐƵƐŝŶŐŽŶŽůŽŵďŝĂǁŚĞƌĞƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐŚĂǀĞĚĞǀĞůŽƉĞĚĂƐƚƌŽŶŐƉĂƌƚŶĞƌƐŚŝƉŽŶĨŽƌĞƐƚƌLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚdŚĞĞīŽƌƚŝƐĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂůĂƌŐĞͲƐĐĂůĞŝŶǀĞƐƚŵĞŶƚƉůĂŶĂŶĚĨƵŶĚŝŶŐŵĞĐŚĂŶŝƐŵƚŽƐƵƉƉŽƌƚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐĞŶŐĂŐĞŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚŽƉƟŽŶƐŝŶƚŚĞŽůŽŵďŝĂŶŵĂnjŽŶZĞŐŝŽŶ

ŝƐƉĂƌƚŶĞƌŝŶŐǁŝƚŚŽůŽŵďŝĂ ƐDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂŶĚ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚD^ͿƚŽĂƐƐĞƐƐƚŚĞĨĞĂƐŝďŝůŝƚLJŽĨƚŚĞƉůĂŶĂŶĚĮŶĂŶĐŝŶŐǀĞŚŝĐůĞdŚĞŝŶŝƟĂƟǀĞĂŝŵƐƚŽŐĞŶĞƌĂƚĞƉĂLJŵĞŶƚƐĨƌŽŵĚŽŶŽƌƐŝŶƚŚĞƌĂŶŐĞŽĨΨϭϬϬŵŝůůŝŽŶƚŽΨϭϱϬŵŝůůŝŽŶƉĞƌLJĞĂƌƚŽĐŽŵƉĞŶƐĂƚĞĨŽƌƚŚĞĐŽƵŶƚƌLJ ƐƌĞĚƵĐĞĚĚĞĨŽƌĞƐƚĂƟŽŶƵƉƚŽnjĞƌŽŶĞƚŐŽĂůďLJϮϬϮϬŶƚŚĞĐŽŵŝŶŐLJĞĂƌƐŚŽƉĞƐƚŽĨƵƌƚŚĞƌĐŽůůĂďŽƌĂƚĞǁŝƚŚD^ƚŽŝĚĞŶƟĨLJůŝŶŬĂŐĞƐǁŝƚŚƚŚĞůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJƚŚĂƚŽůŽŵďŝĂŚĂƐĂůƌĞĂĚLJĚĞǀĞůŽƉĞĚ

ŶϮϬϭϯĂĐƟǀĞůLJĞŶŐĂŐĞĚŽƚŚĞƌŬĞLJŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐƚŽĞdžƉůŽƌĞƚŚĞƉŽƚĞŶƟĂůƚŽĨƵƌƚŚĞƌŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĐŽƵŶƚƌLJ ƐďƌŽĂĚĞƌĞĐŽŶŽŵŝĐƉůĂŶŶŝŶŐŶƉĂƌƟĐƵůĂƌ ŝƐŝŶƚŚĞĞĂƌůLJƐƚĂŐĞƐŽĨĚĞǀĞůŽƉŝŶŐĂŶĂŐĞŶĚĂŽĨǁŽƌŬǁŝƚŚƚŚĞEĂƟŽŶĂůWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚƚŽǁĂƌĚŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐŶĂƟŽŶĂůŐƌŽǁƚŚĂŶĚƐŽĐŝĂůŝŶĚŝĐĂƚŽƌƐĂŶĚŝŶƚŽŬĞLJƐĞĐƚŽƌƐ

17

Mexico

Focus Climate Change Adaptation

Urban Development and Transport

ĂƐƐŝƐƚĞĚƚŚĞDŝŶŝƐƚƌLJŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚ^DZEdͿŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨĐŽůŽŐLJĂŶĚůŝŵĂƚĞŚĂŶŐĞEͿƚŽĞdžƉĂŶĚƚŚĞƐĐŽƉĞŽĨDĞdžŝĐŽ ƐEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞ^ƚƌĂƚĞŐLJdŚŝƐǁĂƐĂĐŚŝĞǀĞĚƉƌŝŵĂƌŝůLJďLJŚĞůƉŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐůŝŵĂƚĞĂĚĂƉƚĂƟŽŶŝŶƚŽƚŚĞƐƚƌĂƚĞŐLJďĂƐĞĚŽŶƌŝƐŬŵĂŶĂŐĞŵĞŶƚƚŚĞĞǀĂůƵĂƟŽŶŽĨƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƟĐĞǀĞŶƚƐŽŶŬĞLJƐĞĐƚŽƌƐŽĨƚŚĞĞĐŽŶŽŵLJ ĂŶĚƚŚĞĂŶĂůLJƐĞƐĂŶĚƉƌŝŽƌŝƟnjĂƟŽŶŽĨĂĚĂƉƚĂƟŽŶĂĐƟŽŶƐŶĂĚĚŝƟŽŶĚĞǀĞůŽƉĞĚĂŵĞƚŚŽĚŽůŽŐLJƚŽŝĚĞŶƟĨLJŵƵŶŝĐŝƉĂůŝƟĞƐƚŚĂƚĂƌĞŵŽƐƚĂƚͲƌŝƐŬƚŽŵĂũŽƌĐůŝŵĂƚĞĞǀĞŶƚƐ

ŶϮϬϭϯĂůƐŽďĞŐĂŶǁŽƌŬŝŶŐǁŝƚŚƚŚĞDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶDĞͿƚŽĚĞǀĞůŽƉĂĨƌĂŵĞǁŽƌŬĨŽƌƌĞŐŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐdŚĞDĞƌĞƉƌĞƐĞŶƚƐĂŶŽǀĞůĂƉƉƌŽĂĐŚƚŽƚĂĐŬůŝŶŐĐƌŽƐƐͲũƵƌŝƐĚŝĐƟŽŶĂůĐŚĂůůĞŶŐĞƐĂŶĚŚĂƐďĞĞŶŐŝǀĞŶƚŚĞŵĂŶĚĂƚĞŽĨŽǀĞƌƐĞĞŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂĐƌŽƐƐϲƐƚĂƚĞƐŝŶĐĞŶƚƌĂůDĞdžŝĐŽƚŚĂƚƚŽŐĞƚŚĞƌĂĐĐŽƵŶƚĨŽƌĂďŽƵƚĂƚŚŝƌĚŽĨƚŚĞĐŽƵŶƚƌLJ ƐƉŽƉƵůĂƟŽŶŚĂƐŚĞůƉĞĚĂƐƐĞƐƐĂŶĚĚĞƐŝŐŶƉŽůŝĐŝĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶƚĂdžĞƐŽŶŐĂƐŽůŝŶĞĂŶĚǀĞŚŝĐůĞŽǁŶĞƌƐŚŝƉĂŶĚĐŽͲnjŽŶĞƐǁŝƚŚƌĞƐƚƌŝĐƚĞĚŵŽǀĞŵĞŶƚŽĨǀĞŚŝĐůĞƐ

Peru

Focus Forestry Competitiveness

WĞƌƵ ƐĨŽƌĞƐƚƐĞĐƚŽƌŚĂƐďĞĞŶƵŶĚĞƌŐŽŝŶŐĚƌĂŵĂƟĐĐŚĂŶŐĞŽǀĞƌƚŚĞƉĂƐƚƚŚƌĞĞLJĞĂƌƐǁŝƚŚĂƐĞƌŝĞƐŽĨŶĞǁƉŽůŝĐŝĞƐĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁampŽƌĞƐƚƌLJ^ĞƌǀŝĐĞĂŶĚampŽƌĞƐƚƌLJDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵŝƐŚĞůƉŝŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽŝƚƐEĂƟŽŶĂůampŽƌĞƐƚƌLJĂŶĚtŝůĚůŝĨĞWůĂŶEamptWͿŶϮϬϭϯŚĞůƉĞĚĞƐƚĂďůŝƐŚĂĐƌŽƐƐͲŵŝŶŝƐƚĞƌŝĂůƚĞĐŚŶŝĐĂůĐŽŵŵŝƩĞĞĂŶĚĂĚǀŝƐŽƌLJŐƌŽƵƉŐĂǀĞƚĞĐŚŶŝĐĂůĂƐƐŝƐƚĂŶĐĞŽŶƚŚĞĐŽŶƚĞŶƚŽĨƚŚĞEamptW ĂŶĚĐŽŶǀĞŶĞĚƐƚĂŬĞŚŽůĚĞƌƐƚŽĐŽŶƐŝĚĞƌĂŶĚƉƌŝŽƌŝƟnjĞŐƌĞĞŶŐƌŽǁƚŚŽďũĞĐƟǀĞƐĨŽƌƚŚĞĨŽƌĞƐƚƐĞĐƚŽƌ ŶϮϬϭϯĂůƐŽďĞŐĂŶƐƵƉƉŽƌƟŶŐƚŚĞEĂƟŽŶĂůŽŵƉĞƟƟǀĞŶĞƐƐŽƵŶĐŝůƚŽŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐŝŶƚŽŝƚƐƐƚƌĂƚĞŐLJĨŽƌŶĂƟŽŶĂůĐŽŵƉĞƟƟǀĞŶĞƐƐƚŚƌŽƵŐŚƚĞĐŚŶŝĐĂůŝŶƉƵƚƐĂŶĚĂƐĞƌŝĞƐŽĨǁŽƌŬƐŚŽƉƐ

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

6

About UsdŚĞůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵĞͿŝƐĂŶĞǁŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĨŽƵŶĚĞĚƚŽƐƵƉƉŽƌƚĂŶĚƉƌŽŵŽƚĞĂŵŽĚĞůof economic growth known as ldquogreen growthrdquo

ĞĂĚƋƵĂƌƚĞƌĞĚŝŶ^ĞŽƵůltŽƌĞĂƚŚĞŽƌŐĂŶŝnjĂƟŽŶŚĂƐϮϬDĞŵďĞƌĐŽƵŶƚƌŝĞƐĂŶĚƐƚĂƚĞƐĂůƐŽŚĂƐŽĸĐĞƐŝŶďƵŚĂďŝŽƉĞŶŚĂŐĞŶĂŶĚgtŽŶĚŽŶĂůŝĂŝƐŽŶŽĸĐĞŝŶ^ŽŶŐĚŽltŽƌĞĂĂƐǁĞůůĂƐƌĞƉƌĞƐĞŶƚĂƟŽŶŝŶƚŚŝŽƉŝĂŶĚŽŶĞƐŝĂĂŶĚĂŶƵŵďĞƌŽĨŽƚŚĞƌƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐǁŚĞƌĞŽƉĞƌĂƟŽŶƐĂƌĞƚĂŬŝŶŐƉůĂĐĞ

7

MissiondŚĞŽƌŐĂŶŝnjĂƟŽŶƉĂƌƚŶĞƌƐǁŝƚŚĐŽƵŶƚƌŝĞƐƚŽŚĞůƉƚŚĞŵďƵŝůĚĞĐŽŶŽŵŝĞƐƚŚĂƚŐƌŽǁƐƚƌŽŶŐůLJ ĂŶĚĂƌĞŵŽƌĞĞĸĐŝĞŶƚĂŶĚƐƵƐƚĂŝŶĂďůĞŝŶƚŚĞƵƐĞŽĨŶĂƚƵƌĂůƌĞƐŽƵƌĐĞƐůĞƐƐĐĂƌďŽŶŝŶƚĞŶƐŝǀĞĂŶĚŵŽƌĞƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

What We DoƚĂĐŚŝĞǀĞƐƚŚŝƐƚŚƌŽƵŐŚĂƉƌŽŐƌĂŵŽĨǁŽƌŬƚĂŝůŽƌĞĚƚŽƚŚĞŝƌŶĞĞĚƐĂƚŶĂƟŽŶĂůŽƌƌĞŐŝŽŶĂůůĞǀĞůĂŶĚŚĂƌŶĞƐƐĞƐĞdžƉĞƌƟƐĞĂĐƌŽƐƐ ƐďƌŽĂĚǁŽƌŬĂƌĞĂƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐŬŶŽǁůĞĚŐĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞĐŽŽƉĞƌĂƟŽŶ

ƐĞdžƉĞƌƚƐĂƌĞĂůƌĞĂĚLJǁŽƌŬŝŶŐǁŝƚŚŐŽǀĞƌŶŵĞŶƚƐĂƌŽƵŶĚƚŚĞǁŽƌůĚďƵŝůĚŝŶŐƚŚĞŝƌĐĂƉĂĐŝƚLJĂŶĚǁŽƌŬŝŶŐĐŽůůĂďŽƌĂƟǀĞůLJŽŶŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŝůůŝŽŶƐ

8

Our PartnersDĞŵďĞƌŽƵŶƚƌŝĞƐ

ƵƐƚƌĂůŝĂĂŵďŽĚŝĂŽƐƚĂZŝĐĂĞŶŵĂƌŬƚŚŝŽƉŝĂƵLJĂŶĂŶĚŽŶĞƐŝĂltŝƌŝďĂƟDĞdžŝĐŽDŽŶŐŽůŝĂEŽƌǁĂLJ WĂƉƵĂEĞǁƵŝŶĞĂWĂƌĂŐƵĂLJ dŚĞWŚŝůŝƉƉŝŶĞƐYĂƚĂƌ ZĞƉƵďůŝĐŽĨltŽƌĞĂZǁĂŶĚĂhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐhŶŝƚĞĚltŝŶŐĚŽŵsŝĞƚŶĂŵ

ŽƌĞŽŶƚƌŝďƵƚŽƌƐ

9

WƌŽũĞĐƚŽŶƚƌŝďƵƚŽƌƐ

10

ĂŶƵĂƌLJ ^ĞĐŽŶĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶďƵŚĂďŝ

ltŽƌĞĂƐŝŐŶĞĚƚŚĞĞĂĚƋƵĂƌƚĞƌƐĂŐƌĞĞŵĞŶƚĂŐƌĞĞŝŶŐƚŽŚŽƐƚĂŶĚƌĞĐŽŐŶŝnjĞĂƐĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶǁŝƚŚĂŶŝŶƚĞƌŶĂƟŽŶĂůůĞŐĂůƉĞƌƐŽŶĂůŝƚLJ

March ĂŵďŽĚŝĂYĂƚĂƌ WĂƉƵĂEĞǁƵŝŶĞĂZĂƟĨLJƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

Ɖƌŝů ampŽƌŵĞƌƵƐƚƌĂůŝĂŶŵďĂƐƐĂĚŽƌ ŽǁĂƌĚĂŵƐĞLJ ĂƉƉŽŝŶƚĞĚƚŽůĞĂĚĨŽƌŽŶĞLJĞĂƌƚĞƌŵ

DĂLJ dŚĞhŶŝƚĞĚltŝŶŐĚŽŵƌĂƟĮĞĚƚŚĞƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

ƵŶĞ DŽŶŐŽůŝĂĂŶĚZǁĂŶĚĂďĞĐĂŵĞŵĞŵďĞƌƐŽĨ

dŚŝƌĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

ǁĂƐŐƌĂŶƚĞĚKĸĐŝĂůĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞKͿĞůŝŐŝďŝůŝƚLJƐƚĂƚƵƐďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚʹĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞŽŵŵŝƩĞĞKͲͿũŽŝŶŝŶŐĂŶƐĞůĞĐƚŐƌŽƵƉŽĨŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŚŽƐĞĐŽŶƚƌŝďƵƟŽŶƐĨƌŽŵĚŽŶŽƌŶĂƟŽŶƐĂƌĞĐŽŶƐŝĚĞƌĞĚK

ƵŐƵƐƚ EŽƌǁĂLJƌĂƟĮĞĚƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

November ǁĂƐŐŝǀĞŶŽďƐĞƌǀĞƌƐƚĂƚƵƐĂƚƐĞƐƐŝŽŶƐŽĨƚŚĞŽŶĨĞƌĞŶĐĞŽĨWĂƌƟĞƐKWͿŽĨƚŚĞhŶŝƚĞĚEĂƟŽŶƐampƌĂŵĞǁŽƌŬŽŶǀĞŶƟŽŶŽŶůŝŵĂƚĞŚĂŶŐĞhEampͿ

December dŚĞŽƌŐĂŶŝnjĂƟŽŶ Ɛ^ŽŶŐĚŽůŝĂŝƐŽŶŽĸĐĞǁĂƐŽƉĞŶĞĚĂƐĂǀĞŶƵĞĨŽƌŝŶƚĞƌŶĂƟŽŶĂůĐŽŽƉĞƌĂƟŽŶĂŶĚĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚŵƵůƟůĂƚĞƌĂůŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚŚĞƌĞĞŶůŝŵĂƚĞampƵŶĚampͿĂƐǁĞůůĂƐĨŽƌƐƉĞĐŝĂůŝnjĞĚƚƌĂŝŶŝŶŐĂŶĚĐĂƉĂĐŝƚLJͲďƵŝůĚŝŶŐĂĐƟǀŝƟĞƐĂŶĚŚŝŐŚͲůĞǀĞůŐŽǀĞƌŶĂŶĐĞĂĐƟǀŝƟĞƐ

dŚĞampŽƵƌƚŚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

dŚĞhŶŝƚĞĚEĂƟŽŶƐĞŶĞƌĂůƐƐĞŵďůLJĂĚŽƉƚĞĚĂƌĞƐŽůƵƟŽŶŐƌĂŶƟŶŐƚŚĞŽďƐĞƌǀĞƌƐƚĂƚƵƐǁŚŝĐŚŐŝǀĞƐƚŚĞƌŝŐŚƚƚŽƐƉĞĂŬĂƚĞŶĞƌĂůƐƐĞŵďůLJŵĞĞƟŶŐƐĂŶĚƐƉŽŶƐŽƌĂŶĚƐŝŐŶƌĞƐŽůƵƟŽŶƐŝƐĂůƐŽďĞĂďůĞƚŽĐĂƐƚƉƌŽĐĞĚƵƌĂůǀŽƚĞƐ

Institutional Milestones

11

June - Global Green Growth Summit 2013

dŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚǁĂƐŚĞůĚŝŶƵŶĞϮϬϭϯŝŶ^ŽŶŐĚŽŶĐŚĞŽŶŝƚLJ ZĞƉƵďůŝĐŽĨltŽƌĞĂdŚĞƚŚŝƌĚĂŶŶƵĂů^ƵŵŵŝƚĨŽĐƵƐĞĚŽŶƚŚĞŶĞdžƵƐďĞƚǁĞĞŶĮŶĂŶĐĞŝŶŶŽǀĂƟŽŶĂŶĚƉŽůŝĐLJ ƉƌŽǀŝĚŝŶŐĂƵŶŝƋƵĞƉůĂƞŽƌŵĨŽƌŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞŝŶĂĐĐĞůĞƌĂƟŶŐƚŚĞƚƌĂŶƐŝƟŽŶƚŽĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJ

dŚĞ^ƵŵŵŝƚƉůĂĐĞĚĞŵƉŚĂƐŝƐŽŶƚĂŬŝŶŐŝŶŶŽǀĂƟǀĞĂƉƉƌŽĂĐŚĞƐƚŽďůĞŶĚƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐĮŶĂŶĐĞĂĚǀĂŶĐĞƚĞĐŚŶŽůŽŐLJĚĞƉůŽLJŵĞŶƚĂƚƐĐĂůĞĂŶĚĚƌŝǀĞĂŶĞƌĂŽĨĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚĂƚƐƚƌŝǀĞƐĨŽƌĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶĞĐŽŶŽŵLJƚƌĂŶƐŝƟŽŶ^ĞĐƵƌŝŶŐŝŶǀĞƐƚŵĞŶƚƐĚĞůŝǀĞƌŝŶŐƚŚĞƌĞƋƵŝƌĞĚĮŶĂŶĐŝŶŐĂŶĚŝŶƐƟƚƵƟŽŶĂůŝŶŶŽǀĂƟŽŶƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞŝŶǀŽůǀĞŵĞŶƚŽĨĮƐĐĂůŝŶƐƚƌƵŵĞŶƚƐǁĞƌĞƚŚĞĐŽƌĞƚŽƉŝĐƐĚŝƐĐƵƐƐĞĚĂƚƐĞƐƐŝŽŶƐ

ŵŽŶŐƚŚĞŬĞLJƐƉĞĂŬĞƌƐĂŶĚƉĂƌƟĐŝƉĂŶƚƐǁĞƌĞDƌ ŚĂƌƌĂƚĂŐĚĞŽWƌĞƐŝĚĞŶƚŽĨƚŚĞƐƐĞŵďůLJ ĂŶĚampŽƌŵĞƌWƌĞƐŝĚĞŶƚŽͲŽƉĞƌĂƟǀĞZĞƉƵďůŝĐŽĨƵLJĂŶĂDƌ ƵĂŶŽƐĠƵĞƌƌĂDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚEĂƚƵƌĂůZĞƐŽƵƌĐĞƐhŶŝƚĞĚDĞdžŝĐĂŶ^ƚĂƚĞƐƌ DŽŬDĂƌĞƚŚ^ĞŶŝŽƌDŝŶŝƐƚĞƌĂŶĚDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚltŝŶŐĚŽŵŽĨĂŵďŽĚŝĂƌ ^ĂŶũĂĂƐƵƌĞŶKLJƵŶDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚDŽŶŐŽůŝĂƌ ƌ ŶĚĂŚDƵƌŶŝŶŝŶŐƚLJĂƐĞƉƵƚLJDŝŶŝƐƚĞƌĂŶĚĞĂĚŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞĂŶĚŶǀŝƌŽŶŵĞŶƚ^ƚĂƚĞDŝŶŝƐƚƌLJŽĨEĂƟŽŶĂůĞǀĞůŽƉŵĞŶƚWůĂŶŶŝŶŐWWE^ͿDƌ DŝĐŚĂĞůgtŝĞďƌĞŝĐŚŚŝĞĨdžĞĐƵƟǀĞůŽŽŵďĞƌŐEĞǁŶĞƌŐLJampŝŶĂŶĐĞƌ ƆƌŐĞŶZĂŶĚĞƌƐWƌŽĨĞƐƐŽƌŽĨůŝŵĂƚĞ^ƚƌĂƚĞŐLJ EŽƌǁĞŐŝĂŶƵƐŝŶĞƐƐ^ĐŚŽŽůĂŶĚƚŽ^ŝůĞƐŚŝĞƚĂŚƵŶ^ƚĂƚĞDŝŶŝƐƚĞƌŽĨŐƌŝĐƵůƚƵƌĞampĞĚĞƌĂůĞŵŽĐƌĂƟĐZĞƉƵďůŝĐŽĨƚŚŝŽƉŝĂ

ampŽƌŵŽƌĞŽŶ^ϮϬϭϯƉůĞĂƐĞǀŝƐŝƚŚƩƉŐŐŐƐƵŵŵŝƚŽƌŐ

12

Our carbon emissions in 2013

ƐƉĂƌƚŽĨ ƐĐŽƌƉŽƌĂƚĞƐŽĐŝĂůƌĞƐƉŽŶƐŝďŝůŝƚLJ ǁĞŵĞĂƐƵƌĞĚŽƵƌĐĂƌďŽŶĨŽŽƚƉƌŝŶƚŝŶϮϬϭϯĨƌŽŵŽƵƌƚǁŽůĂƌŐĞƐƚƐŽƵƌĐĞƐŽĨĞŵŝƐƐŝŽŶƐͲĂŝƌƚƌĂǀĞůĂŶĚďƵŝůĚŝŶŐƵƐĞŝƌƚƌĂǀĞůŝŶĐůƵĚĞĚƐƚĂīĂŶĚŶŽŶͲƐƚĂīĐŽŶƐƵůƚĂŶƚƐƌĞƐĞĂƌĐŚĨĞůůŽǁƐĞƚĐͿƚƌĂǀĞůĂƐǁĞůůĂƐŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐĮŶĂŶĐĞĚďLJŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐƐŽŶůLJŝŶĐůƵĚĞĚĞůĞĐƚƌŝĐŝƚLJƵƐĞĨƌŽŵŚĞĂĚƋƵĂƌƚĞƌƐŝŶ^ĞŽƵů

Building 10

Air travel90

GGGI Carbon Emissions in 2013

tCO2

Building (HQ only) 88Air Travel 793Total (tCO2) 881

HQ (Seoul) 50

London10

Meeting participants

21

Copenhagen2

Abu Dhabi2

Other non-staff (Consultants etc)

6

Project offices

9

GGGI Carbon Emissions from Air

Travel in 2013

tCO2

HQ (Seoul) 392London 77Copenhagen 16Abu Dhabi 19Project offices 73Other non-staff(Consultants etc) 50Meeting participants 166Total (tCO2) 793

Towards a carbon-lean GGGI

13

Towards a carbon-lean GGGI

ƚŽƚĂůŽĨϴϴϭƚŽŶƐŽĨKϮƚKϮͿǁĂƐĞŵŝƩĞĚďLJŝŶϮϬϭϯϵϬйŽĨǁŚŝĐŚĐĂŵĞĨƌŽŵĂŝƌƚƌĂǀĞůĂŶĚƚŚĞƌĞŵĂŝŶŝŶŐϭϬйĨƌŽŵďƵŝůĚŝŶŐĞůĞĐƚƌŝĐŝƚLJƵƐĞ

ƐŽǀĞƌϳϬйŽĨƐƚĂīŵĞŵďĞƌƐĂƌĞĐƵƌƌĞŶƚůLJďĂƐĞĚŝŶ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐƚŚĞůĂƌŐĞƐƚƐŚĂƌĞϱϬйͿŽĨĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐĐĂŵĞĨƌŽŵƐƚĂīďĂƐĞĚŝŶ^ĞŽƵůǁŚŝůĞƐƚĂīƚƌĂǀĞůĨƌŽŵŶŽŶͲŚĞĂĚƋƵĂƌƚĞƌďĂƐĞĚŽĸĐĞƐĂĐĐŽƵŶƚĞĚĨŽƌϮϯйDĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐƐƵƉƉŽƌƚĞĚďLJĂƩĞŶĚŝŶŐŵĂũŽƌĞǀĞŶƚƐƐƵĐŚĂƐŽƵŶĐŝůƐĞƐƐŝŽŶƐĂŶĚƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚĂŵŽƵŶƚĞĚƚŽϭϲϲƚKϮǁŚŝĐŚĂĐĐŽƵŶƚĞĚĨŽƌϮϭйŽĨƚŽƚĂůĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐ

Methodology used

ƐĐĂůĐƵůĂƟŽŶŽĨŽƵƌĐĂƌďŽŶĞŵŝƐƐŝŽŶƐĨŽůůŽǁĞĚƚŚĞƉƌŝŶĐŝƉůĞƐĨƌŽŵƚŚĞƌĞĞŶŚŽƵƐĞĂƐWƌŽƚŽĐŽůĚĞǀĞůŽƉĞĚďLJƚŚĞtŽƌůĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞtZͿĂŶĚƚŚĞtŽƌůĚƵƐŝŶĞƐƐŽƵŶĐŝůĨŽƌ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚt^ͿĂƌďŽŶĞŵŝƐƐŝŽŶĨŽƌĂŝƌƚƌĂǀĞůǁĞƌĞĐĂƉƚƵƌĞĚďĂƐĞĚŽŶDŝƐƐŝŽŶZĞƋƵĞƐƚƐƐƵďŵŝƩĞĚďLJƐƚĂīŝŶϮϬϭϯĂŶĚůŝƐƚƐƉƌŽǀŝĚĞĚďLJƚŚĞǀĞŶƚƐƚĞĂŵĨŽƌŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐKĂƌďŽŶŵŝƐƐŝŽŶƐĂůĐƵůĂƚŽƌsĞƌƐŝŽŶϮϲͿǁĂƐƵƐĞĚĨŽƌĐĂůĐƵůĂƟŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶĨƌŽŵĂŝƌƚƌĂǀĞůƐĨŽƌĞŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐĞŶĞƌŐLJƵƐĞƚŚĞĐĂůĐƵůĂƟŽŶŽŶůLJŝŶĐůƵĚĞĚƉƵƌĐŚĂƐĞĚĞůĞĐƚƌŝĐŝƚLJĨƌŽŵ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐĂƐŽƚŚĞƌŽĸĐĞƐĚŝĚŶŽƚŚĂǀĞƚŚĞƌĞƋƵŝƌĞĚĚĂƚĂŝŶϮϬϭϯ

Looking ahead

ƐƚƌŝǀĞƐƚŽǁĂůŬƚŚĞƚĂůŬĂŶĚďĞĐŽŵĞĂĐĂƌďŽŶͲůĞĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶtĞǁŝůůƵƐĞϮϬϭϯĐĂƌďŽŶĚĂƚĂĂƐĂďĂƐĞůŝŶĞƚŽƐĞĞŚŽǁďĞƐƚƚŽƌĞĚƵĐĞŽƵƌĞŵŝƐƐŝŽŶƐĞƐƉĞĐŝĂůůLJĨƌŽŵĂŝƌƚƌĂǀĞůĞŝƚŚĞƌƚŚƌŽƵŐŚďƵŶĚůŝŶŐŵŝƐƐŝŽŶƐŽƌŵŽƌĞĞīĞĐƟǀĞƵƐĞŽĨǀŝĚĞŽĐŽŶĨĞƌĞŶĐŝŶŐŽƌŽƚŚĞƌŽŶůŝŶĞŵĞĂŶƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶtŚŝůĞĨŽĐƵƐǁŝůůďĞŐŝǀĞŶƚŽƌĞĚƵĐŝŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶŝŶŽƵƌĚĂLJͲƚŽͲĚĂLJŽƉĞƌĂƟŽŶƐǁŝůůŝŶƉĂƌĂůůĞůĞdžƉůŽƌĞŵŽĚĂůŝƟĞƐĨŽƌƉƵƌĐŚĂƐŝŶŐĐĂƌďŽŶŽīƐĞƚƐĨŽƌƵŶĂǀŽŝĚĂďůĞĞŵŝƐƐŝŽŶƐƚŽďĞĐŽŵĞĂĐĂƌďŽŶͲŶĞƵƚƌĂůŽƌŐĂŶŝnjĂƟŽŶ

14

ŚĂƐϯϰƉƌŽŐƌĂŵƐŝŶϮϬĐŽƵŶƚƌŝĞƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŵƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞŝƌƌĞŐŝŽŶĂůŽƌŶĂƟŽŶĂůĞĐŽŶŽŵŝĐŐŽĂůƐ

ƚLJƉŝĐĂůĐŽƵŶƚƌLJƉƌŽŐƌĂŵĐŽŶƐŝƐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶWͿĂŶĂůLJƐŝƐĂŶĚĚĞƐŝŐŶĚŽŵĞƐƟĐĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉƚŽƐƵƉƉŽƌƚWŝŵƉůĞŵĞŶƚĂƟŽŶ

ƐƉƌŽũĞĐƚĐLJĐůĞƐƚĂƌƚƐĨƌŽŵƵŶĚĞƌƐƚĂŶĚŝŶŐĂŐŝǀĞŶĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚŽďũĞĐƟǀĞƐĂŶĚƚŽƚŚĞŶĂƐƐĞƐƐƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŽĂĐŚŝĞǀĞƚŚĞŵtĞĚŽƚŚŝƐďLJĐŽŶĚƵĐƟŶŐƌŝŐŽƌŽƵƐƐĞĐƚŽƌͲďLJͲƐĞĐƚŽƌ ĂŶĂůLJƐŝƐĂŶĚďLJƉƌŝŽƌŝƟnjŝŶŐĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐĂůŽŶŐŵƵůƟƉůĞĚŝŵĞŶƐŝŽŶƐƚŚĂƚƌĞŇĞĐƚĂĐŽƵŶƚƌLJ ƐŽǁŶƉƌŝŽƌŝƟĞƐdŚŝƐůĞĂĚƐƚŽĚĞǀĞůŽƉŝŶŐŵƵůƟͲƐĞĐƚŽƌ ĐŽŵƉƌĞŚĞŶƐŝǀĞƐƚƌĂƚĞŐŝĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚdŚĞƐĞĂƌĞƚŚĞŶĂƐƐĞƐƐĞĚŝŶƚĞƌŵƐŽĨƚŚĞŝƌĐŽƐƚƐŝŶĐůƵĚŝŶŐƚŚĞŝƌŝŵƉůŝĐĂƟŽŶƐĨŽƌƚŚĞǁŝĚĞƌĞĐŽŶŽŵLJampŝŶĂůůLJďƵŝůĚŝŶŐŽŶŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞƐƵƉƉŽƌƚƐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂƉƉƌŽƉƌŝĂƚĞŝŶƐƟƚƵƟŽŶĂůĨƌĂŵĞǁŽƌŬƐƚŽŝŵƉůĞŵĞŶƚƐƵĐŚƐƚƌĂƚĞŐŝĞƐĂŶĚĞǀĞŶƚƵĂůůLJŚĞůƉƐĐŽƵŶƚƌŝĞƐƚƌĂŶƐĨŽƌŵƚŚĞƐƚƌĂƚĞŐŝĞƐŝŶƚŽƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐƚŚĂƚĐĂŶĂƩƌĂĐƚĨƵŶĚŝŶŐĨƌŽŵƚŚĞƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞƐĞĐƚŽƌ

ƐĐƵƌƌĞŶƚŽƉĞƌĂƟŽŶƐƐƉĂŶĂĐƌŽƐƐĂǁŝĚĞƌĂŶŐĞŽĨƐĞĐƚŽƌƐĂŶĚĂĐƟǀŝƟĞƐampƌŽŵƐƵƉƉŽƌƟŶŐĂŶĂƟŽŶĂůĨŽƌĞƐƚƉůĂŶŝŶWĞƌƵƚŽĐŽůůĂďŽƌĂƟŶŐǁŝƚŚƚŚŝŽƉŝĂŽŶĂĐůŝŵĂƚĞƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJampƌŽŵŚĞůƉŝŶŐƚŽƐƚƌĞŶŐƚŚĞŶƐƚĂƚĞͲůĞǀĞůĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐŝŶltĂƌŶĂƚĂŬĂŶĚŝĂͿƚŽǁŽƌŬŝŶŐǁŝƚŚƚŚĞŶĞǁDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶŝŶDĞdžŝĐŽŽŶƉƌŝŽƌŝƟĞƐĨŽƌĂŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƚŚĂƚŚĂƐƚŚĞƉŽƚĞŶƟĂůƚŽŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŽƌĞƚŚĂŶϯϬŵŝůůŝŽŶƉĞŽƉůĞ

ŶϮϬϭϯŝŶǀĞƐƚĞĚŚĞĂǀŝůLJŝŶŽŶͲƚŚĞͲŐƌŽƵŶĚĞdžƉĞƌƚƐƚŽĂĚǀŝƐĞƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐŽŶƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚƐƚĂƌƚĞĚŵŽǀŝŶŐŝƚƐƚĞĂŵƐƚŽďĞďĂƐĞĚŝŶƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĞdžƉĞƌƚƐŚĂǀĞďĞĞŶǁŽƌŬŝŶŐĐůŽƐĞůLJǁŝƚŚŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐĂŶĚĂŐĞŶĐŝĞƐŝŶŽƌĚĞƌƚŽŐĂŝŶĂŶŝŶͲĚĞƉƚŚƵŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚŬŶŽǁůĞĚŐĞŽĨůŽĐĂůƉƌŝŽƌŝƟĞƐdŚŝƐĂƉƉƌŽĂĐŚŚĞůƉƐƵŶĚĞƌƐƚĂŶĚďĞƩĞƌŝƚƐƉĂƌƚŶĞƌƐĂŶĚƚĂŝůŽƌŝƚƐƐƵƉƉŽƌƚĂŶĚĂůƐŽŚĞůƉƐŐŽǀĞƌŶŵĞŶƚƐďƵŝůĚŝŶƚĞƌŶĂůĐĂƉĂĐŝƚLJƚŽĞǀĞŶƚƵĂůůLJĐĂƌƌLJŽƵƚŐƌĞĞŶŐƌŽǁƚŚǁŽƌŬǁŝƚŚŽƵƚƚŚĞĂƐƐŝƐƚĂŶĐĞŽĨŽƵƚƐŝĚĞŐƌŽƵƉƐ

dŚĞĨŽůůŽǁŝŶŐĚĞƚĂŝůƐƚŚĞƐƚĂƚƵƐŝŶϮϬϭϯŽĨ ƐƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƐ

Working on the ground to develop

green growth strategies

Green Growth Planning

and Implementation

Latin America

16

Brazil

Focus Forestry

ampŽůůŽǁŝŶŐƵƉŽŶŝƚƐƐƵƉƉŽƌƚƚŽƌĂnjŝů ƐŶĂƟŽŶĂůĐůŝŵĂƚĞĐŚĂŶŐĞƐƚƌĂƚĞŐLJ ŝƐĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚDŽͿŝŶĚĞǀĞůŽƉŝŶŐĂƐƵƐƚĂŝŶĂďůĞƟŵďĞƌŝŶĚƵƐƚƌLJŝŶƚŚĞŵĂnjŽŶĂƐƉĂƌƚŽĨĂďƌŽĂĚĞƌƉŽůŝĐLJĨƌĂŵĞǁŽƌŬĚĞƐŝŐŶĞĚƚŽƌĞŝŶĨŽƌĐĞƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞƐŽĨĂƌŝŶƚĂĐŬůŝŶŐĚĞĨŽƌĞƐƚĂƟŽŶŝŶƚŚĞŵĂnjŽŶƌĞŐŝŽŶŝƐĐŽŶĐĞŶƚƌĂƟŶŐŝƚƐĞīŽƌƚƐŝŶƚŚĞdĂƉĂũŽƐďĂƐŝŶĂƚƚŚĞĨƌŽŶƟĞƌŽĨĨŽƌĞƐƚĚĞǀĞůŽƉŵĞŶƚŝĚĞŶƟĨLJŝŶŐƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚĂĐƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞĨŽƌĞƐƚŝŶĚƵƐƚƌLJ ƐƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚŐƌŽǁƚŚŶϮϬϭϯĐŽŶĚƵĐƚĞĚĂƐƵƌǀĞLJŽĨĐŽŵƉĂŶŝĞƐŝŶƚŚĞƐĞĐƚŽƌ ƉƌŽǀŝĚŝŶŐƚŚĞĮƌƐƚƚŚŽƌŽƵŐŚĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞďĂƌƌŝĞƌƐĨĂĐĞĚďLJƚŚĞŝŶĚƵƐƚƌLJŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞDŽƚŽŝŶƚĞŐƌĂƚĞƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚŝƐĞdžƉĞƌŝĞŶĐĞŝŶƚŽŶĂƟŽŶĂůƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐ

Case Study Colombia Amazon Basin

ƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚŽůŽŵďŝĂďĞŐĂŶŝŶĞĂƌůLJϮϬϭϯĂƐƉĂƌƚŽĨƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŵĂnjŽŶĂƐŝŶƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƚŝŶŝƟĂůůLJǁĂƐĚĞƐŝŐŶĞĚƚŽĂƐƐŝƐƚŵĂnjŽŶĂƐŝŶĐŽƵŶƚƌŝĞƐƚŽďƵŝůĚŝŶƚĞƌŶĂƟŽŶĂůƉĂƌƚŶĞƌƐŚŝƉƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞŝƌĨŽƌĞƐƚƐĂŶĚƉƌŽŵŽƚĞƚŚĞĂĚŽƉƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐ

ƵƌƌĞŶƚůLJ ŝƐĨŽĐƵƐŝŶŐŽŶŽůŽŵďŝĂǁŚĞƌĞƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐŚĂǀĞĚĞǀĞůŽƉĞĚĂƐƚƌŽŶŐƉĂƌƚŶĞƌƐŚŝƉŽŶĨŽƌĞƐƚƌLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚdŚĞĞīŽƌƚŝƐĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂůĂƌŐĞͲƐĐĂůĞŝŶǀĞƐƚŵĞŶƚƉůĂŶĂŶĚĨƵŶĚŝŶŐŵĞĐŚĂŶŝƐŵƚŽƐƵƉƉŽƌƚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐĞŶŐĂŐĞŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚŽƉƟŽŶƐŝŶƚŚĞŽůŽŵďŝĂŶŵĂnjŽŶZĞŐŝŽŶ

ŝƐƉĂƌƚŶĞƌŝŶŐǁŝƚŚŽůŽŵďŝĂ ƐDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂŶĚ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚD^ͿƚŽĂƐƐĞƐƐƚŚĞĨĞĂƐŝďŝůŝƚLJŽĨƚŚĞƉůĂŶĂŶĚĮŶĂŶĐŝŶŐǀĞŚŝĐůĞdŚĞŝŶŝƟĂƟǀĞĂŝŵƐƚŽŐĞŶĞƌĂƚĞƉĂLJŵĞŶƚƐĨƌŽŵĚŽŶŽƌƐŝŶƚŚĞƌĂŶŐĞŽĨΨϭϬϬŵŝůůŝŽŶƚŽΨϭϱϬŵŝůůŝŽŶƉĞƌLJĞĂƌƚŽĐŽŵƉĞŶƐĂƚĞĨŽƌƚŚĞĐŽƵŶƚƌLJ ƐƌĞĚƵĐĞĚĚĞĨŽƌĞƐƚĂƟŽŶƵƉƚŽnjĞƌŽŶĞƚŐŽĂůďLJϮϬϮϬŶƚŚĞĐŽŵŝŶŐLJĞĂƌƐŚŽƉĞƐƚŽĨƵƌƚŚĞƌĐŽůůĂďŽƌĂƚĞǁŝƚŚD^ƚŽŝĚĞŶƟĨLJůŝŶŬĂŐĞƐǁŝƚŚƚŚĞůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJƚŚĂƚŽůŽŵďŝĂŚĂƐĂůƌĞĂĚLJĚĞǀĞůŽƉĞĚ

ŶϮϬϭϯĂĐƟǀĞůLJĞŶŐĂŐĞĚŽƚŚĞƌŬĞLJŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐƚŽĞdžƉůŽƌĞƚŚĞƉŽƚĞŶƟĂůƚŽĨƵƌƚŚĞƌŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĐŽƵŶƚƌLJ ƐďƌŽĂĚĞƌĞĐŽŶŽŵŝĐƉůĂŶŶŝŶŐŶƉĂƌƟĐƵůĂƌ ŝƐŝŶƚŚĞĞĂƌůLJƐƚĂŐĞƐŽĨĚĞǀĞůŽƉŝŶŐĂŶĂŐĞŶĚĂŽĨǁŽƌŬǁŝƚŚƚŚĞEĂƟŽŶĂůWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚƚŽǁĂƌĚŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐŶĂƟŽŶĂůŐƌŽǁƚŚĂŶĚƐŽĐŝĂůŝŶĚŝĐĂƚŽƌƐĂŶĚŝŶƚŽŬĞLJƐĞĐƚŽƌƐ

17

Mexico

Focus Climate Change Adaptation

Urban Development and Transport

ĂƐƐŝƐƚĞĚƚŚĞDŝŶŝƐƚƌLJŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚ^DZEdͿŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨĐŽůŽŐLJĂŶĚůŝŵĂƚĞŚĂŶŐĞEͿƚŽĞdžƉĂŶĚƚŚĞƐĐŽƉĞŽĨDĞdžŝĐŽ ƐEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞ^ƚƌĂƚĞŐLJdŚŝƐǁĂƐĂĐŚŝĞǀĞĚƉƌŝŵĂƌŝůLJďLJŚĞůƉŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐůŝŵĂƚĞĂĚĂƉƚĂƟŽŶŝŶƚŽƚŚĞƐƚƌĂƚĞŐLJďĂƐĞĚŽŶƌŝƐŬŵĂŶĂŐĞŵĞŶƚƚŚĞĞǀĂůƵĂƟŽŶŽĨƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƟĐĞǀĞŶƚƐŽŶŬĞLJƐĞĐƚŽƌƐŽĨƚŚĞĞĐŽŶŽŵLJ ĂŶĚƚŚĞĂŶĂůLJƐĞƐĂŶĚƉƌŝŽƌŝƟnjĂƟŽŶŽĨĂĚĂƉƚĂƟŽŶĂĐƟŽŶƐŶĂĚĚŝƟŽŶĚĞǀĞůŽƉĞĚĂŵĞƚŚŽĚŽůŽŐLJƚŽŝĚĞŶƟĨLJŵƵŶŝĐŝƉĂůŝƟĞƐƚŚĂƚĂƌĞŵŽƐƚĂƚͲƌŝƐŬƚŽŵĂũŽƌĐůŝŵĂƚĞĞǀĞŶƚƐ

ŶϮϬϭϯĂůƐŽďĞŐĂŶǁŽƌŬŝŶŐǁŝƚŚƚŚĞDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶDĞͿƚŽĚĞǀĞůŽƉĂĨƌĂŵĞǁŽƌŬĨŽƌƌĞŐŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐdŚĞDĞƌĞƉƌĞƐĞŶƚƐĂŶŽǀĞůĂƉƉƌŽĂĐŚƚŽƚĂĐŬůŝŶŐĐƌŽƐƐͲũƵƌŝƐĚŝĐƟŽŶĂůĐŚĂůůĞŶŐĞƐĂŶĚŚĂƐďĞĞŶŐŝǀĞŶƚŚĞŵĂŶĚĂƚĞŽĨŽǀĞƌƐĞĞŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂĐƌŽƐƐϲƐƚĂƚĞƐŝŶĐĞŶƚƌĂůDĞdžŝĐŽƚŚĂƚƚŽŐĞƚŚĞƌĂĐĐŽƵŶƚĨŽƌĂďŽƵƚĂƚŚŝƌĚŽĨƚŚĞĐŽƵŶƚƌLJ ƐƉŽƉƵůĂƟŽŶŚĂƐŚĞůƉĞĚĂƐƐĞƐƐĂŶĚĚĞƐŝŐŶƉŽůŝĐŝĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶƚĂdžĞƐŽŶŐĂƐŽůŝŶĞĂŶĚǀĞŚŝĐůĞŽǁŶĞƌƐŚŝƉĂŶĚĐŽͲnjŽŶĞƐǁŝƚŚƌĞƐƚƌŝĐƚĞĚŵŽǀĞŵĞŶƚŽĨǀĞŚŝĐůĞƐ

Peru

Focus Forestry Competitiveness

WĞƌƵ ƐĨŽƌĞƐƚƐĞĐƚŽƌŚĂƐďĞĞŶƵŶĚĞƌŐŽŝŶŐĚƌĂŵĂƟĐĐŚĂŶŐĞŽǀĞƌƚŚĞƉĂƐƚƚŚƌĞĞLJĞĂƌƐǁŝƚŚĂƐĞƌŝĞƐŽĨŶĞǁƉŽůŝĐŝĞƐĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁampŽƌĞƐƚƌLJ^ĞƌǀŝĐĞĂŶĚampŽƌĞƐƚƌLJDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵŝƐŚĞůƉŝŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽŝƚƐEĂƟŽŶĂůampŽƌĞƐƚƌLJĂŶĚtŝůĚůŝĨĞWůĂŶEamptWͿŶϮϬϭϯŚĞůƉĞĚĞƐƚĂďůŝƐŚĂĐƌŽƐƐͲŵŝŶŝƐƚĞƌŝĂůƚĞĐŚŶŝĐĂůĐŽŵŵŝƩĞĞĂŶĚĂĚǀŝƐŽƌLJŐƌŽƵƉŐĂǀĞƚĞĐŚŶŝĐĂůĂƐƐŝƐƚĂŶĐĞŽŶƚŚĞĐŽŶƚĞŶƚŽĨƚŚĞEamptW ĂŶĚĐŽŶǀĞŶĞĚƐƚĂŬĞŚŽůĚĞƌƐƚŽĐŽŶƐŝĚĞƌĂŶĚƉƌŝŽƌŝƟnjĞŐƌĞĞŶŐƌŽǁƚŚŽďũĞĐƟǀĞƐĨŽƌƚŚĞĨŽƌĞƐƚƐĞĐƚŽƌ ŶϮϬϭϯĂůƐŽďĞŐĂŶƐƵƉƉŽƌƟŶŐƚŚĞEĂƟŽŶĂůŽŵƉĞƟƟǀĞŶĞƐƐŽƵŶĐŝůƚŽŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐŝŶƚŽŝƚƐƐƚƌĂƚĞŐLJĨŽƌŶĂƟŽŶĂůĐŽŵƉĞƟƟǀĞŶĞƐƐƚŚƌŽƵŐŚƚĞĐŚŶŝĐĂůŝŶƉƵƚƐĂŶĚĂƐĞƌŝĞƐŽĨǁŽƌŬƐŚŽƉƐ

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

7

MissiondŚĞŽƌŐĂŶŝnjĂƟŽŶƉĂƌƚŶĞƌƐǁŝƚŚĐŽƵŶƚƌŝĞƐƚŽŚĞůƉƚŚĞŵďƵŝůĚĞĐŽŶŽŵŝĞƐƚŚĂƚŐƌŽǁƐƚƌŽŶŐůLJ ĂŶĚĂƌĞŵŽƌĞĞĸĐŝĞŶƚĂŶĚƐƵƐƚĂŝŶĂďůĞŝŶƚŚĞƵƐĞŽĨŶĂƚƵƌĂůƌĞƐŽƵƌĐĞƐůĞƐƐĐĂƌďŽŶŝŶƚĞŶƐŝǀĞĂŶĚŵŽƌĞƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

What We DoƚĂĐŚŝĞǀĞƐƚŚŝƐƚŚƌŽƵŐŚĂƉƌŽŐƌĂŵŽĨǁŽƌŬƚĂŝůŽƌĞĚƚŽƚŚĞŝƌŶĞĞĚƐĂƚŶĂƟŽŶĂůŽƌƌĞŐŝŽŶĂůůĞǀĞůĂŶĚŚĂƌŶĞƐƐĞƐĞdžƉĞƌƟƐĞĂĐƌŽƐƐ ƐďƌŽĂĚǁŽƌŬĂƌĞĂƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐŬŶŽǁůĞĚŐĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞĐŽŽƉĞƌĂƟŽŶ

ƐĞdžƉĞƌƚƐĂƌĞĂůƌĞĂĚLJǁŽƌŬŝŶŐǁŝƚŚŐŽǀĞƌŶŵĞŶƚƐĂƌŽƵŶĚƚŚĞǁŽƌůĚďƵŝůĚŝŶŐƚŚĞŝƌĐĂƉĂĐŝƚLJĂŶĚǁŽƌŬŝŶŐĐŽůůĂďŽƌĂƟǀĞůLJŽŶŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŝůůŝŽŶƐ

8

Our PartnersDĞŵďĞƌŽƵŶƚƌŝĞƐ

ƵƐƚƌĂůŝĂĂŵďŽĚŝĂŽƐƚĂZŝĐĂĞŶŵĂƌŬƚŚŝŽƉŝĂƵLJĂŶĂŶĚŽŶĞƐŝĂltŝƌŝďĂƟDĞdžŝĐŽDŽŶŐŽůŝĂEŽƌǁĂLJ WĂƉƵĂEĞǁƵŝŶĞĂWĂƌĂŐƵĂLJ dŚĞWŚŝůŝƉƉŝŶĞƐYĂƚĂƌ ZĞƉƵďůŝĐŽĨltŽƌĞĂZǁĂŶĚĂhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐhŶŝƚĞĚltŝŶŐĚŽŵsŝĞƚŶĂŵ

ŽƌĞŽŶƚƌŝďƵƚŽƌƐ

9

WƌŽũĞĐƚŽŶƚƌŝďƵƚŽƌƐ

10

ĂŶƵĂƌLJ ^ĞĐŽŶĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶďƵŚĂďŝ

ltŽƌĞĂƐŝŐŶĞĚƚŚĞĞĂĚƋƵĂƌƚĞƌƐĂŐƌĞĞŵĞŶƚĂŐƌĞĞŝŶŐƚŽŚŽƐƚĂŶĚƌĞĐŽŐŶŝnjĞĂƐĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶǁŝƚŚĂŶŝŶƚĞƌŶĂƟŽŶĂůůĞŐĂůƉĞƌƐŽŶĂůŝƚLJ

March ĂŵďŽĚŝĂYĂƚĂƌ WĂƉƵĂEĞǁƵŝŶĞĂZĂƟĨLJƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

Ɖƌŝů ampŽƌŵĞƌƵƐƚƌĂůŝĂŶŵďĂƐƐĂĚŽƌ ŽǁĂƌĚĂŵƐĞLJ ĂƉƉŽŝŶƚĞĚƚŽůĞĂĚĨŽƌŽŶĞLJĞĂƌƚĞƌŵ

DĂLJ dŚĞhŶŝƚĞĚltŝŶŐĚŽŵƌĂƟĮĞĚƚŚĞƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

ƵŶĞ DŽŶŐŽůŝĂĂŶĚZǁĂŶĚĂďĞĐĂŵĞŵĞŵďĞƌƐŽĨ

dŚŝƌĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

ǁĂƐŐƌĂŶƚĞĚKĸĐŝĂůĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞKͿĞůŝŐŝďŝůŝƚLJƐƚĂƚƵƐďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚʹĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞŽŵŵŝƩĞĞKͲͿũŽŝŶŝŶŐĂŶƐĞůĞĐƚŐƌŽƵƉŽĨŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŚŽƐĞĐŽŶƚƌŝďƵƟŽŶƐĨƌŽŵĚŽŶŽƌŶĂƟŽŶƐĂƌĞĐŽŶƐŝĚĞƌĞĚK

ƵŐƵƐƚ EŽƌǁĂLJƌĂƟĮĞĚƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

November ǁĂƐŐŝǀĞŶŽďƐĞƌǀĞƌƐƚĂƚƵƐĂƚƐĞƐƐŝŽŶƐŽĨƚŚĞŽŶĨĞƌĞŶĐĞŽĨWĂƌƟĞƐKWͿŽĨƚŚĞhŶŝƚĞĚEĂƟŽŶƐampƌĂŵĞǁŽƌŬŽŶǀĞŶƟŽŶŽŶůŝŵĂƚĞŚĂŶŐĞhEampͿ

December dŚĞŽƌŐĂŶŝnjĂƟŽŶ Ɛ^ŽŶŐĚŽůŝĂŝƐŽŶŽĸĐĞǁĂƐŽƉĞŶĞĚĂƐĂǀĞŶƵĞĨŽƌŝŶƚĞƌŶĂƟŽŶĂůĐŽŽƉĞƌĂƟŽŶĂŶĚĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚŵƵůƟůĂƚĞƌĂůŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚŚĞƌĞĞŶůŝŵĂƚĞampƵŶĚampͿĂƐǁĞůůĂƐĨŽƌƐƉĞĐŝĂůŝnjĞĚƚƌĂŝŶŝŶŐĂŶĚĐĂƉĂĐŝƚLJͲďƵŝůĚŝŶŐĂĐƟǀŝƟĞƐĂŶĚŚŝŐŚͲůĞǀĞůŐŽǀĞƌŶĂŶĐĞĂĐƟǀŝƟĞƐ

dŚĞampŽƵƌƚŚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

dŚĞhŶŝƚĞĚEĂƟŽŶƐĞŶĞƌĂůƐƐĞŵďůLJĂĚŽƉƚĞĚĂƌĞƐŽůƵƟŽŶŐƌĂŶƟŶŐƚŚĞŽďƐĞƌǀĞƌƐƚĂƚƵƐǁŚŝĐŚŐŝǀĞƐƚŚĞƌŝŐŚƚƚŽƐƉĞĂŬĂƚĞŶĞƌĂůƐƐĞŵďůLJŵĞĞƟŶŐƐĂŶĚƐƉŽŶƐŽƌĂŶĚƐŝŐŶƌĞƐŽůƵƟŽŶƐŝƐĂůƐŽďĞĂďůĞƚŽĐĂƐƚƉƌŽĐĞĚƵƌĂůǀŽƚĞƐ

Institutional Milestones

11

June - Global Green Growth Summit 2013

dŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚǁĂƐŚĞůĚŝŶƵŶĞϮϬϭϯŝŶ^ŽŶŐĚŽŶĐŚĞŽŶŝƚLJ ZĞƉƵďůŝĐŽĨltŽƌĞĂdŚĞƚŚŝƌĚĂŶŶƵĂů^ƵŵŵŝƚĨŽĐƵƐĞĚŽŶƚŚĞŶĞdžƵƐďĞƚǁĞĞŶĮŶĂŶĐĞŝŶŶŽǀĂƟŽŶĂŶĚƉŽůŝĐLJ ƉƌŽǀŝĚŝŶŐĂƵŶŝƋƵĞƉůĂƞŽƌŵĨŽƌŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞŝŶĂĐĐĞůĞƌĂƟŶŐƚŚĞƚƌĂŶƐŝƟŽŶƚŽĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJ

dŚĞ^ƵŵŵŝƚƉůĂĐĞĚĞŵƉŚĂƐŝƐŽŶƚĂŬŝŶŐŝŶŶŽǀĂƟǀĞĂƉƉƌŽĂĐŚĞƐƚŽďůĞŶĚƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐĮŶĂŶĐĞĂĚǀĂŶĐĞƚĞĐŚŶŽůŽŐLJĚĞƉůŽLJŵĞŶƚĂƚƐĐĂůĞĂŶĚĚƌŝǀĞĂŶĞƌĂŽĨĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚĂƚƐƚƌŝǀĞƐĨŽƌĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶĞĐŽŶŽŵLJƚƌĂŶƐŝƟŽŶ^ĞĐƵƌŝŶŐŝŶǀĞƐƚŵĞŶƚƐĚĞůŝǀĞƌŝŶŐƚŚĞƌĞƋƵŝƌĞĚĮŶĂŶĐŝŶŐĂŶĚŝŶƐƟƚƵƟŽŶĂůŝŶŶŽǀĂƟŽŶƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞŝŶǀŽůǀĞŵĞŶƚŽĨĮƐĐĂůŝŶƐƚƌƵŵĞŶƚƐǁĞƌĞƚŚĞĐŽƌĞƚŽƉŝĐƐĚŝƐĐƵƐƐĞĚĂƚƐĞƐƐŝŽŶƐ

ŵŽŶŐƚŚĞŬĞLJƐƉĞĂŬĞƌƐĂŶĚƉĂƌƟĐŝƉĂŶƚƐǁĞƌĞDƌ ŚĂƌƌĂƚĂŐĚĞŽWƌĞƐŝĚĞŶƚŽĨƚŚĞƐƐĞŵďůLJ ĂŶĚampŽƌŵĞƌWƌĞƐŝĚĞŶƚŽͲŽƉĞƌĂƟǀĞZĞƉƵďůŝĐŽĨƵLJĂŶĂDƌ ƵĂŶŽƐĠƵĞƌƌĂDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚEĂƚƵƌĂůZĞƐŽƵƌĐĞƐhŶŝƚĞĚDĞdžŝĐĂŶ^ƚĂƚĞƐƌ DŽŬDĂƌĞƚŚ^ĞŶŝŽƌDŝŶŝƐƚĞƌĂŶĚDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚltŝŶŐĚŽŵŽĨĂŵďŽĚŝĂƌ ^ĂŶũĂĂƐƵƌĞŶKLJƵŶDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚDŽŶŐŽůŝĂƌ ƌ ŶĚĂŚDƵƌŶŝŶŝŶŐƚLJĂƐĞƉƵƚLJDŝŶŝƐƚĞƌĂŶĚĞĂĚŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞĂŶĚŶǀŝƌŽŶŵĞŶƚ^ƚĂƚĞDŝŶŝƐƚƌLJŽĨEĂƟŽŶĂůĞǀĞůŽƉŵĞŶƚWůĂŶŶŝŶŐWWE^ͿDƌ DŝĐŚĂĞůgtŝĞďƌĞŝĐŚŚŝĞĨdžĞĐƵƟǀĞůŽŽŵďĞƌŐEĞǁŶĞƌŐLJampŝŶĂŶĐĞƌ ƆƌŐĞŶZĂŶĚĞƌƐWƌŽĨĞƐƐŽƌŽĨůŝŵĂƚĞ^ƚƌĂƚĞŐLJ EŽƌǁĞŐŝĂŶƵƐŝŶĞƐƐ^ĐŚŽŽůĂŶĚƚŽ^ŝůĞƐŚŝĞƚĂŚƵŶ^ƚĂƚĞDŝŶŝƐƚĞƌŽĨŐƌŝĐƵůƚƵƌĞampĞĚĞƌĂůĞŵŽĐƌĂƟĐZĞƉƵďůŝĐŽĨƚŚŝŽƉŝĂ

ampŽƌŵŽƌĞŽŶ^ϮϬϭϯƉůĞĂƐĞǀŝƐŝƚŚƩƉŐŐŐƐƵŵŵŝƚŽƌŐ

12

Our carbon emissions in 2013

ƐƉĂƌƚŽĨ ƐĐŽƌƉŽƌĂƚĞƐŽĐŝĂůƌĞƐƉŽŶƐŝďŝůŝƚLJ ǁĞŵĞĂƐƵƌĞĚŽƵƌĐĂƌďŽŶĨŽŽƚƉƌŝŶƚŝŶϮϬϭϯĨƌŽŵŽƵƌƚǁŽůĂƌŐĞƐƚƐŽƵƌĐĞƐŽĨĞŵŝƐƐŝŽŶƐͲĂŝƌƚƌĂǀĞůĂŶĚďƵŝůĚŝŶŐƵƐĞŝƌƚƌĂǀĞůŝŶĐůƵĚĞĚƐƚĂīĂŶĚŶŽŶͲƐƚĂīĐŽŶƐƵůƚĂŶƚƐƌĞƐĞĂƌĐŚĨĞůůŽǁƐĞƚĐͿƚƌĂǀĞůĂƐǁĞůůĂƐŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐĮŶĂŶĐĞĚďLJŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐƐŽŶůLJŝŶĐůƵĚĞĚĞůĞĐƚƌŝĐŝƚLJƵƐĞĨƌŽŵŚĞĂĚƋƵĂƌƚĞƌƐŝŶ^ĞŽƵů

Building 10

Air travel90

GGGI Carbon Emissions in 2013

tCO2

Building (HQ only) 88Air Travel 793Total (tCO2) 881

HQ (Seoul) 50

London10

Meeting participants

21

Copenhagen2

Abu Dhabi2

Other non-staff (Consultants etc)

6

Project offices

9

GGGI Carbon Emissions from Air

Travel in 2013

tCO2

HQ (Seoul) 392London 77Copenhagen 16Abu Dhabi 19Project offices 73Other non-staff(Consultants etc) 50Meeting participants 166Total (tCO2) 793

Towards a carbon-lean GGGI

13

Towards a carbon-lean GGGI

ƚŽƚĂůŽĨϴϴϭƚŽŶƐŽĨKϮƚKϮͿǁĂƐĞŵŝƩĞĚďLJŝŶϮϬϭϯϵϬйŽĨǁŚŝĐŚĐĂŵĞĨƌŽŵĂŝƌƚƌĂǀĞůĂŶĚƚŚĞƌĞŵĂŝŶŝŶŐϭϬйĨƌŽŵďƵŝůĚŝŶŐĞůĞĐƚƌŝĐŝƚLJƵƐĞ

ƐŽǀĞƌϳϬйŽĨƐƚĂīŵĞŵďĞƌƐĂƌĞĐƵƌƌĞŶƚůLJďĂƐĞĚŝŶ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐƚŚĞůĂƌŐĞƐƚƐŚĂƌĞϱϬйͿŽĨĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐĐĂŵĞĨƌŽŵƐƚĂīďĂƐĞĚŝŶ^ĞŽƵůǁŚŝůĞƐƚĂīƚƌĂǀĞůĨƌŽŵŶŽŶͲŚĞĂĚƋƵĂƌƚĞƌďĂƐĞĚŽĸĐĞƐĂĐĐŽƵŶƚĞĚĨŽƌϮϯйDĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐƐƵƉƉŽƌƚĞĚďLJĂƩĞŶĚŝŶŐŵĂũŽƌĞǀĞŶƚƐƐƵĐŚĂƐŽƵŶĐŝůƐĞƐƐŝŽŶƐĂŶĚƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚĂŵŽƵŶƚĞĚƚŽϭϲϲƚKϮǁŚŝĐŚĂĐĐŽƵŶƚĞĚĨŽƌϮϭйŽĨƚŽƚĂůĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐ

Methodology used

ƐĐĂůĐƵůĂƟŽŶŽĨŽƵƌĐĂƌďŽŶĞŵŝƐƐŝŽŶƐĨŽůůŽǁĞĚƚŚĞƉƌŝŶĐŝƉůĞƐĨƌŽŵƚŚĞƌĞĞŶŚŽƵƐĞĂƐWƌŽƚŽĐŽůĚĞǀĞůŽƉĞĚďLJƚŚĞtŽƌůĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞtZͿĂŶĚƚŚĞtŽƌůĚƵƐŝŶĞƐƐŽƵŶĐŝůĨŽƌ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚt^ͿĂƌďŽŶĞŵŝƐƐŝŽŶĨŽƌĂŝƌƚƌĂǀĞůǁĞƌĞĐĂƉƚƵƌĞĚďĂƐĞĚŽŶDŝƐƐŝŽŶZĞƋƵĞƐƚƐƐƵďŵŝƩĞĚďLJƐƚĂīŝŶϮϬϭϯĂŶĚůŝƐƚƐƉƌŽǀŝĚĞĚďLJƚŚĞǀĞŶƚƐƚĞĂŵĨŽƌŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐKĂƌďŽŶŵŝƐƐŝŽŶƐĂůĐƵůĂƚŽƌsĞƌƐŝŽŶϮϲͿǁĂƐƵƐĞĚĨŽƌĐĂůĐƵůĂƟŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶĨƌŽŵĂŝƌƚƌĂǀĞůƐĨŽƌĞŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐĞŶĞƌŐLJƵƐĞƚŚĞĐĂůĐƵůĂƟŽŶŽŶůLJŝŶĐůƵĚĞĚƉƵƌĐŚĂƐĞĚĞůĞĐƚƌŝĐŝƚLJĨƌŽŵ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐĂƐŽƚŚĞƌŽĸĐĞƐĚŝĚŶŽƚŚĂǀĞƚŚĞƌĞƋƵŝƌĞĚĚĂƚĂŝŶϮϬϭϯ

Looking ahead

ƐƚƌŝǀĞƐƚŽǁĂůŬƚŚĞƚĂůŬĂŶĚďĞĐŽŵĞĂĐĂƌďŽŶͲůĞĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶtĞǁŝůůƵƐĞϮϬϭϯĐĂƌďŽŶĚĂƚĂĂƐĂďĂƐĞůŝŶĞƚŽƐĞĞŚŽǁďĞƐƚƚŽƌĞĚƵĐĞŽƵƌĞŵŝƐƐŝŽŶƐĞƐƉĞĐŝĂůůLJĨƌŽŵĂŝƌƚƌĂǀĞůĞŝƚŚĞƌƚŚƌŽƵŐŚďƵŶĚůŝŶŐŵŝƐƐŝŽŶƐŽƌŵŽƌĞĞīĞĐƟǀĞƵƐĞŽĨǀŝĚĞŽĐŽŶĨĞƌĞŶĐŝŶŐŽƌŽƚŚĞƌŽŶůŝŶĞŵĞĂŶƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶtŚŝůĞĨŽĐƵƐǁŝůůďĞŐŝǀĞŶƚŽƌĞĚƵĐŝŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶŝŶŽƵƌĚĂLJͲƚŽͲĚĂLJŽƉĞƌĂƟŽŶƐǁŝůůŝŶƉĂƌĂůůĞůĞdžƉůŽƌĞŵŽĚĂůŝƟĞƐĨŽƌƉƵƌĐŚĂƐŝŶŐĐĂƌďŽŶŽīƐĞƚƐĨŽƌƵŶĂǀŽŝĚĂďůĞĞŵŝƐƐŝŽŶƐƚŽďĞĐŽŵĞĂĐĂƌďŽŶͲŶĞƵƚƌĂůŽƌŐĂŶŝnjĂƟŽŶ

14

ŚĂƐϯϰƉƌŽŐƌĂŵƐŝŶϮϬĐŽƵŶƚƌŝĞƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŵƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞŝƌƌĞŐŝŽŶĂůŽƌŶĂƟŽŶĂůĞĐŽŶŽŵŝĐŐŽĂůƐ

ƚLJƉŝĐĂůĐŽƵŶƚƌLJƉƌŽŐƌĂŵĐŽŶƐŝƐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶWͿĂŶĂůLJƐŝƐĂŶĚĚĞƐŝŐŶĚŽŵĞƐƟĐĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉƚŽƐƵƉƉŽƌƚWŝŵƉůĞŵĞŶƚĂƟŽŶ

ƐƉƌŽũĞĐƚĐLJĐůĞƐƚĂƌƚƐĨƌŽŵƵŶĚĞƌƐƚĂŶĚŝŶŐĂŐŝǀĞŶĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚŽďũĞĐƟǀĞƐĂŶĚƚŽƚŚĞŶĂƐƐĞƐƐƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŽĂĐŚŝĞǀĞƚŚĞŵtĞĚŽƚŚŝƐďLJĐŽŶĚƵĐƟŶŐƌŝŐŽƌŽƵƐƐĞĐƚŽƌͲďLJͲƐĞĐƚŽƌ ĂŶĂůLJƐŝƐĂŶĚďLJƉƌŝŽƌŝƟnjŝŶŐĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐĂůŽŶŐŵƵůƟƉůĞĚŝŵĞŶƐŝŽŶƐƚŚĂƚƌĞŇĞĐƚĂĐŽƵŶƚƌLJ ƐŽǁŶƉƌŝŽƌŝƟĞƐdŚŝƐůĞĂĚƐƚŽĚĞǀĞůŽƉŝŶŐŵƵůƟͲƐĞĐƚŽƌ ĐŽŵƉƌĞŚĞŶƐŝǀĞƐƚƌĂƚĞŐŝĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚdŚĞƐĞĂƌĞƚŚĞŶĂƐƐĞƐƐĞĚŝŶƚĞƌŵƐŽĨƚŚĞŝƌĐŽƐƚƐŝŶĐůƵĚŝŶŐƚŚĞŝƌŝŵƉůŝĐĂƟŽŶƐĨŽƌƚŚĞǁŝĚĞƌĞĐŽŶŽŵLJampŝŶĂůůLJďƵŝůĚŝŶŐŽŶŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞƐƵƉƉŽƌƚƐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂƉƉƌŽƉƌŝĂƚĞŝŶƐƟƚƵƟŽŶĂůĨƌĂŵĞǁŽƌŬƐƚŽŝŵƉůĞŵĞŶƚƐƵĐŚƐƚƌĂƚĞŐŝĞƐĂŶĚĞǀĞŶƚƵĂůůLJŚĞůƉƐĐŽƵŶƚƌŝĞƐƚƌĂŶƐĨŽƌŵƚŚĞƐƚƌĂƚĞŐŝĞƐŝŶƚŽƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐƚŚĂƚĐĂŶĂƩƌĂĐƚĨƵŶĚŝŶŐĨƌŽŵƚŚĞƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞƐĞĐƚŽƌ

ƐĐƵƌƌĞŶƚŽƉĞƌĂƟŽŶƐƐƉĂŶĂĐƌŽƐƐĂǁŝĚĞƌĂŶŐĞŽĨƐĞĐƚŽƌƐĂŶĚĂĐƟǀŝƟĞƐampƌŽŵƐƵƉƉŽƌƟŶŐĂŶĂƟŽŶĂůĨŽƌĞƐƚƉůĂŶŝŶWĞƌƵƚŽĐŽůůĂďŽƌĂƟŶŐǁŝƚŚƚŚŝŽƉŝĂŽŶĂĐůŝŵĂƚĞƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJampƌŽŵŚĞůƉŝŶŐƚŽƐƚƌĞŶŐƚŚĞŶƐƚĂƚĞͲůĞǀĞůĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐŝŶltĂƌŶĂƚĂŬĂŶĚŝĂͿƚŽǁŽƌŬŝŶŐǁŝƚŚƚŚĞŶĞǁDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶŝŶDĞdžŝĐŽŽŶƉƌŝŽƌŝƟĞƐĨŽƌĂŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƚŚĂƚŚĂƐƚŚĞƉŽƚĞŶƟĂůƚŽŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŽƌĞƚŚĂŶϯϬŵŝůůŝŽŶƉĞŽƉůĞ

ŶϮϬϭϯŝŶǀĞƐƚĞĚŚĞĂǀŝůLJŝŶŽŶͲƚŚĞͲŐƌŽƵŶĚĞdžƉĞƌƚƐƚŽĂĚǀŝƐĞƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐŽŶƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚƐƚĂƌƚĞĚŵŽǀŝŶŐŝƚƐƚĞĂŵƐƚŽďĞďĂƐĞĚŝŶƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĞdžƉĞƌƚƐŚĂǀĞďĞĞŶǁŽƌŬŝŶŐĐůŽƐĞůLJǁŝƚŚŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐĂŶĚĂŐĞŶĐŝĞƐŝŶŽƌĚĞƌƚŽŐĂŝŶĂŶŝŶͲĚĞƉƚŚƵŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚŬŶŽǁůĞĚŐĞŽĨůŽĐĂůƉƌŝŽƌŝƟĞƐdŚŝƐĂƉƉƌŽĂĐŚŚĞůƉƐƵŶĚĞƌƐƚĂŶĚďĞƩĞƌŝƚƐƉĂƌƚŶĞƌƐĂŶĚƚĂŝůŽƌŝƚƐƐƵƉƉŽƌƚĂŶĚĂůƐŽŚĞůƉƐŐŽǀĞƌŶŵĞŶƚƐďƵŝůĚŝŶƚĞƌŶĂůĐĂƉĂĐŝƚLJƚŽĞǀĞŶƚƵĂůůLJĐĂƌƌLJŽƵƚŐƌĞĞŶŐƌŽǁƚŚǁŽƌŬǁŝƚŚŽƵƚƚŚĞĂƐƐŝƐƚĂŶĐĞŽĨŽƵƚƐŝĚĞŐƌŽƵƉƐ

dŚĞĨŽůůŽǁŝŶŐĚĞƚĂŝůƐƚŚĞƐƚĂƚƵƐŝŶϮϬϭϯŽĨ ƐƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƐ

Working on the ground to develop

green growth strategies

Green Growth Planning

and Implementation

Latin America

16

Brazil

Focus Forestry

ampŽůůŽǁŝŶŐƵƉŽŶŝƚƐƐƵƉƉŽƌƚƚŽƌĂnjŝů ƐŶĂƟŽŶĂůĐůŝŵĂƚĞĐŚĂŶŐĞƐƚƌĂƚĞŐLJ ŝƐĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚDŽͿŝŶĚĞǀĞůŽƉŝŶŐĂƐƵƐƚĂŝŶĂďůĞƟŵďĞƌŝŶĚƵƐƚƌLJŝŶƚŚĞŵĂnjŽŶĂƐƉĂƌƚŽĨĂďƌŽĂĚĞƌƉŽůŝĐLJĨƌĂŵĞǁŽƌŬĚĞƐŝŐŶĞĚƚŽƌĞŝŶĨŽƌĐĞƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞƐŽĨĂƌŝŶƚĂĐŬůŝŶŐĚĞĨŽƌĞƐƚĂƟŽŶŝŶƚŚĞŵĂnjŽŶƌĞŐŝŽŶŝƐĐŽŶĐĞŶƚƌĂƟŶŐŝƚƐĞīŽƌƚƐŝŶƚŚĞdĂƉĂũŽƐďĂƐŝŶĂƚƚŚĞĨƌŽŶƟĞƌŽĨĨŽƌĞƐƚĚĞǀĞůŽƉŵĞŶƚŝĚĞŶƟĨLJŝŶŐƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚĂĐƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞĨŽƌĞƐƚŝŶĚƵƐƚƌLJ ƐƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚŐƌŽǁƚŚŶϮϬϭϯĐŽŶĚƵĐƚĞĚĂƐƵƌǀĞLJŽĨĐŽŵƉĂŶŝĞƐŝŶƚŚĞƐĞĐƚŽƌ ƉƌŽǀŝĚŝŶŐƚŚĞĮƌƐƚƚŚŽƌŽƵŐŚĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞďĂƌƌŝĞƌƐĨĂĐĞĚďLJƚŚĞŝŶĚƵƐƚƌLJŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞDŽƚŽŝŶƚĞŐƌĂƚĞƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚŝƐĞdžƉĞƌŝĞŶĐĞŝŶƚŽŶĂƟŽŶĂůƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐ

Case Study Colombia Amazon Basin

ƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚŽůŽŵďŝĂďĞŐĂŶŝŶĞĂƌůLJϮϬϭϯĂƐƉĂƌƚŽĨƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŵĂnjŽŶĂƐŝŶƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƚŝŶŝƟĂůůLJǁĂƐĚĞƐŝŐŶĞĚƚŽĂƐƐŝƐƚŵĂnjŽŶĂƐŝŶĐŽƵŶƚƌŝĞƐƚŽďƵŝůĚŝŶƚĞƌŶĂƟŽŶĂůƉĂƌƚŶĞƌƐŚŝƉƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞŝƌĨŽƌĞƐƚƐĂŶĚƉƌŽŵŽƚĞƚŚĞĂĚŽƉƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐ

ƵƌƌĞŶƚůLJ ŝƐĨŽĐƵƐŝŶŐŽŶŽůŽŵďŝĂǁŚĞƌĞƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐŚĂǀĞĚĞǀĞůŽƉĞĚĂƐƚƌŽŶŐƉĂƌƚŶĞƌƐŚŝƉŽŶĨŽƌĞƐƚƌLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚdŚĞĞīŽƌƚŝƐĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂůĂƌŐĞͲƐĐĂůĞŝŶǀĞƐƚŵĞŶƚƉůĂŶĂŶĚĨƵŶĚŝŶŐŵĞĐŚĂŶŝƐŵƚŽƐƵƉƉŽƌƚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐĞŶŐĂŐĞŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚŽƉƟŽŶƐŝŶƚŚĞŽůŽŵďŝĂŶŵĂnjŽŶZĞŐŝŽŶ

ŝƐƉĂƌƚŶĞƌŝŶŐǁŝƚŚŽůŽŵďŝĂ ƐDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂŶĚ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚD^ͿƚŽĂƐƐĞƐƐƚŚĞĨĞĂƐŝďŝůŝƚLJŽĨƚŚĞƉůĂŶĂŶĚĮŶĂŶĐŝŶŐǀĞŚŝĐůĞdŚĞŝŶŝƟĂƟǀĞĂŝŵƐƚŽŐĞŶĞƌĂƚĞƉĂLJŵĞŶƚƐĨƌŽŵĚŽŶŽƌƐŝŶƚŚĞƌĂŶŐĞŽĨΨϭϬϬŵŝůůŝŽŶƚŽΨϭϱϬŵŝůůŝŽŶƉĞƌLJĞĂƌƚŽĐŽŵƉĞŶƐĂƚĞĨŽƌƚŚĞĐŽƵŶƚƌLJ ƐƌĞĚƵĐĞĚĚĞĨŽƌĞƐƚĂƟŽŶƵƉƚŽnjĞƌŽŶĞƚŐŽĂůďLJϮϬϮϬŶƚŚĞĐŽŵŝŶŐLJĞĂƌƐŚŽƉĞƐƚŽĨƵƌƚŚĞƌĐŽůůĂďŽƌĂƚĞǁŝƚŚD^ƚŽŝĚĞŶƟĨLJůŝŶŬĂŐĞƐǁŝƚŚƚŚĞůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJƚŚĂƚŽůŽŵďŝĂŚĂƐĂůƌĞĂĚLJĚĞǀĞůŽƉĞĚ

ŶϮϬϭϯĂĐƟǀĞůLJĞŶŐĂŐĞĚŽƚŚĞƌŬĞLJŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐƚŽĞdžƉůŽƌĞƚŚĞƉŽƚĞŶƟĂůƚŽĨƵƌƚŚĞƌŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĐŽƵŶƚƌLJ ƐďƌŽĂĚĞƌĞĐŽŶŽŵŝĐƉůĂŶŶŝŶŐŶƉĂƌƟĐƵůĂƌ ŝƐŝŶƚŚĞĞĂƌůLJƐƚĂŐĞƐŽĨĚĞǀĞůŽƉŝŶŐĂŶĂŐĞŶĚĂŽĨǁŽƌŬǁŝƚŚƚŚĞEĂƟŽŶĂůWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚƚŽǁĂƌĚŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐŶĂƟŽŶĂůŐƌŽǁƚŚĂŶĚƐŽĐŝĂůŝŶĚŝĐĂƚŽƌƐĂŶĚŝŶƚŽŬĞLJƐĞĐƚŽƌƐ

17

Mexico

Focus Climate Change Adaptation

Urban Development and Transport

ĂƐƐŝƐƚĞĚƚŚĞDŝŶŝƐƚƌLJŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚ^DZEdͿŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨĐŽůŽŐLJĂŶĚůŝŵĂƚĞŚĂŶŐĞEͿƚŽĞdžƉĂŶĚƚŚĞƐĐŽƉĞŽĨDĞdžŝĐŽ ƐEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞ^ƚƌĂƚĞŐLJdŚŝƐǁĂƐĂĐŚŝĞǀĞĚƉƌŝŵĂƌŝůLJďLJŚĞůƉŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐůŝŵĂƚĞĂĚĂƉƚĂƟŽŶŝŶƚŽƚŚĞƐƚƌĂƚĞŐLJďĂƐĞĚŽŶƌŝƐŬŵĂŶĂŐĞŵĞŶƚƚŚĞĞǀĂůƵĂƟŽŶŽĨƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƟĐĞǀĞŶƚƐŽŶŬĞLJƐĞĐƚŽƌƐŽĨƚŚĞĞĐŽŶŽŵLJ ĂŶĚƚŚĞĂŶĂůLJƐĞƐĂŶĚƉƌŝŽƌŝƟnjĂƟŽŶŽĨĂĚĂƉƚĂƟŽŶĂĐƟŽŶƐŶĂĚĚŝƟŽŶĚĞǀĞůŽƉĞĚĂŵĞƚŚŽĚŽůŽŐLJƚŽŝĚĞŶƟĨLJŵƵŶŝĐŝƉĂůŝƟĞƐƚŚĂƚĂƌĞŵŽƐƚĂƚͲƌŝƐŬƚŽŵĂũŽƌĐůŝŵĂƚĞĞǀĞŶƚƐ

ŶϮϬϭϯĂůƐŽďĞŐĂŶǁŽƌŬŝŶŐǁŝƚŚƚŚĞDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶDĞͿƚŽĚĞǀĞůŽƉĂĨƌĂŵĞǁŽƌŬĨŽƌƌĞŐŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐdŚĞDĞƌĞƉƌĞƐĞŶƚƐĂŶŽǀĞůĂƉƉƌŽĂĐŚƚŽƚĂĐŬůŝŶŐĐƌŽƐƐͲũƵƌŝƐĚŝĐƟŽŶĂůĐŚĂůůĞŶŐĞƐĂŶĚŚĂƐďĞĞŶŐŝǀĞŶƚŚĞŵĂŶĚĂƚĞŽĨŽǀĞƌƐĞĞŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂĐƌŽƐƐϲƐƚĂƚĞƐŝŶĐĞŶƚƌĂůDĞdžŝĐŽƚŚĂƚƚŽŐĞƚŚĞƌĂĐĐŽƵŶƚĨŽƌĂďŽƵƚĂƚŚŝƌĚŽĨƚŚĞĐŽƵŶƚƌLJ ƐƉŽƉƵůĂƟŽŶŚĂƐŚĞůƉĞĚĂƐƐĞƐƐĂŶĚĚĞƐŝŐŶƉŽůŝĐŝĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶƚĂdžĞƐŽŶŐĂƐŽůŝŶĞĂŶĚǀĞŚŝĐůĞŽǁŶĞƌƐŚŝƉĂŶĚĐŽͲnjŽŶĞƐǁŝƚŚƌĞƐƚƌŝĐƚĞĚŵŽǀĞŵĞŶƚŽĨǀĞŚŝĐůĞƐ

Peru

Focus Forestry Competitiveness

WĞƌƵ ƐĨŽƌĞƐƚƐĞĐƚŽƌŚĂƐďĞĞŶƵŶĚĞƌŐŽŝŶŐĚƌĂŵĂƟĐĐŚĂŶŐĞŽǀĞƌƚŚĞƉĂƐƚƚŚƌĞĞLJĞĂƌƐǁŝƚŚĂƐĞƌŝĞƐŽĨŶĞǁƉŽůŝĐŝĞƐĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁampŽƌĞƐƚƌLJ^ĞƌǀŝĐĞĂŶĚampŽƌĞƐƚƌLJDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵŝƐŚĞůƉŝŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽŝƚƐEĂƟŽŶĂůampŽƌĞƐƚƌLJĂŶĚtŝůĚůŝĨĞWůĂŶEamptWͿŶϮϬϭϯŚĞůƉĞĚĞƐƚĂďůŝƐŚĂĐƌŽƐƐͲŵŝŶŝƐƚĞƌŝĂůƚĞĐŚŶŝĐĂůĐŽŵŵŝƩĞĞĂŶĚĂĚǀŝƐŽƌLJŐƌŽƵƉŐĂǀĞƚĞĐŚŶŝĐĂůĂƐƐŝƐƚĂŶĐĞŽŶƚŚĞĐŽŶƚĞŶƚŽĨƚŚĞEamptW ĂŶĚĐŽŶǀĞŶĞĚƐƚĂŬĞŚŽůĚĞƌƐƚŽĐŽŶƐŝĚĞƌĂŶĚƉƌŝŽƌŝƟnjĞŐƌĞĞŶŐƌŽǁƚŚŽďũĞĐƟǀĞƐĨŽƌƚŚĞĨŽƌĞƐƚƐĞĐƚŽƌ ŶϮϬϭϯĂůƐŽďĞŐĂŶƐƵƉƉŽƌƟŶŐƚŚĞEĂƟŽŶĂůŽŵƉĞƟƟǀĞŶĞƐƐŽƵŶĐŝůƚŽŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐŝŶƚŽŝƚƐƐƚƌĂƚĞŐLJĨŽƌŶĂƟŽŶĂůĐŽŵƉĞƟƟǀĞŶĞƐƐƚŚƌŽƵŐŚƚĞĐŚŶŝĐĂůŝŶƉƵƚƐĂŶĚĂƐĞƌŝĞƐŽĨǁŽƌŬƐŚŽƉƐ

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

8

Our PartnersDĞŵďĞƌŽƵŶƚƌŝĞƐ

ƵƐƚƌĂůŝĂĂŵďŽĚŝĂŽƐƚĂZŝĐĂĞŶŵĂƌŬƚŚŝŽƉŝĂƵLJĂŶĂŶĚŽŶĞƐŝĂltŝƌŝďĂƟDĞdžŝĐŽDŽŶŐŽůŝĂEŽƌǁĂLJ WĂƉƵĂEĞǁƵŝŶĞĂWĂƌĂŐƵĂLJ dŚĞWŚŝůŝƉƉŝŶĞƐYĂƚĂƌ ZĞƉƵďůŝĐŽĨltŽƌĞĂZǁĂŶĚĂhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐhŶŝƚĞĚltŝŶŐĚŽŵsŝĞƚŶĂŵ

ŽƌĞŽŶƚƌŝďƵƚŽƌƐ

9

WƌŽũĞĐƚŽŶƚƌŝďƵƚŽƌƐ

10

ĂŶƵĂƌLJ ^ĞĐŽŶĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶďƵŚĂďŝ

ltŽƌĞĂƐŝŐŶĞĚƚŚĞĞĂĚƋƵĂƌƚĞƌƐĂŐƌĞĞŵĞŶƚĂŐƌĞĞŝŶŐƚŽŚŽƐƚĂŶĚƌĞĐŽŐŶŝnjĞĂƐĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶǁŝƚŚĂŶŝŶƚĞƌŶĂƟŽŶĂůůĞŐĂůƉĞƌƐŽŶĂůŝƚLJ

March ĂŵďŽĚŝĂYĂƚĂƌ WĂƉƵĂEĞǁƵŝŶĞĂZĂƟĨLJƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

Ɖƌŝů ampŽƌŵĞƌƵƐƚƌĂůŝĂŶŵďĂƐƐĂĚŽƌ ŽǁĂƌĚĂŵƐĞLJ ĂƉƉŽŝŶƚĞĚƚŽůĞĂĚĨŽƌŽŶĞLJĞĂƌƚĞƌŵ

DĂLJ dŚĞhŶŝƚĞĚltŝŶŐĚŽŵƌĂƟĮĞĚƚŚĞƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

ƵŶĞ DŽŶŐŽůŝĂĂŶĚZǁĂŶĚĂďĞĐĂŵĞŵĞŵďĞƌƐŽĨ

dŚŝƌĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

ǁĂƐŐƌĂŶƚĞĚKĸĐŝĂůĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞKͿĞůŝŐŝďŝůŝƚLJƐƚĂƚƵƐďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚʹĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞŽŵŵŝƩĞĞKͲͿũŽŝŶŝŶŐĂŶƐĞůĞĐƚŐƌŽƵƉŽĨŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŚŽƐĞĐŽŶƚƌŝďƵƟŽŶƐĨƌŽŵĚŽŶŽƌŶĂƟŽŶƐĂƌĞĐŽŶƐŝĚĞƌĞĚK

ƵŐƵƐƚ EŽƌǁĂLJƌĂƟĮĞĚƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

November ǁĂƐŐŝǀĞŶŽďƐĞƌǀĞƌƐƚĂƚƵƐĂƚƐĞƐƐŝŽŶƐŽĨƚŚĞŽŶĨĞƌĞŶĐĞŽĨWĂƌƟĞƐKWͿŽĨƚŚĞhŶŝƚĞĚEĂƟŽŶƐampƌĂŵĞǁŽƌŬŽŶǀĞŶƟŽŶŽŶůŝŵĂƚĞŚĂŶŐĞhEampͿ

December dŚĞŽƌŐĂŶŝnjĂƟŽŶ Ɛ^ŽŶŐĚŽůŝĂŝƐŽŶŽĸĐĞǁĂƐŽƉĞŶĞĚĂƐĂǀĞŶƵĞĨŽƌŝŶƚĞƌŶĂƟŽŶĂůĐŽŽƉĞƌĂƟŽŶĂŶĚĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚŵƵůƟůĂƚĞƌĂůŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚŚĞƌĞĞŶůŝŵĂƚĞampƵŶĚampͿĂƐǁĞůůĂƐĨŽƌƐƉĞĐŝĂůŝnjĞĚƚƌĂŝŶŝŶŐĂŶĚĐĂƉĂĐŝƚLJͲďƵŝůĚŝŶŐĂĐƟǀŝƟĞƐĂŶĚŚŝŐŚͲůĞǀĞůŐŽǀĞƌŶĂŶĐĞĂĐƟǀŝƟĞƐ

dŚĞampŽƵƌƚŚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

dŚĞhŶŝƚĞĚEĂƟŽŶƐĞŶĞƌĂůƐƐĞŵďůLJĂĚŽƉƚĞĚĂƌĞƐŽůƵƟŽŶŐƌĂŶƟŶŐƚŚĞŽďƐĞƌǀĞƌƐƚĂƚƵƐǁŚŝĐŚŐŝǀĞƐƚŚĞƌŝŐŚƚƚŽƐƉĞĂŬĂƚĞŶĞƌĂůƐƐĞŵďůLJŵĞĞƟŶŐƐĂŶĚƐƉŽŶƐŽƌĂŶĚƐŝŐŶƌĞƐŽůƵƟŽŶƐŝƐĂůƐŽďĞĂďůĞƚŽĐĂƐƚƉƌŽĐĞĚƵƌĂůǀŽƚĞƐ

Institutional Milestones

11

June - Global Green Growth Summit 2013

dŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚǁĂƐŚĞůĚŝŶƵŶĞϮϬϭϯŝŶ^ŽŶŐĚŽŶĐŚĞŽŶŝƚLJ ZĞƉƵďůŝĐŽĨltŽƌĞĂdŚĞƚŚŝƌĚĂŶŶƵĂů^ƵŵŵŝƚĨŽĐƵƐĞĚŽŶƚŚĞŶĞdžƵƐďĞƚǁĞĞŶĮŶĂŶĐĞŝŶŶŽǀĂƟŽŶĂŶĚƉŽůŝĐLJ ƉƌŽǀŝĚŝŶŐĂƵŶŝƋƵĞƉůĂƞŽƌŵĨŽƌŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞŝŶĂĐĐĞůĞƌĂƟŶŐƚŚĞƚƌĂŶƐŝƟŽŶƚŽĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJ

dŚĞ^ƵŵŵŝƚƉůĂĐĞĚĞŵƉŚĂƐŝƐŽŶƚĂŬŝŶŐŝŶŶŽǀĂƟǀĞĂƉƉƌŽĂĐŚĞƐƚŽďůĞŶĚƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐĮŶĂŶĐĞĂĚǀĂŶĐĞƚĞĐŚŶŽůŽŐLJĚĞƉůŽLJŵĞŶƚĂƚƐĐĂůĞĂŶĚĚƌŝǀĞĂŶĞƌĂŽĨĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚĂƚƐƚƌŝǀĞƐĨŽƌĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶĞĐŽŶŽŵLJƚƌĂŶƐŝƟŽŶ^ĞĐƵƌŝŶŐŝŶǀĞƐƚŵĞŶƚƐĚĞůŝǀĞƌŝŶŐƚŚĞƌĞƋƵŝƌĞĚĮŶĂŶĐŝŶŐĂŶĚŝŶƐƟƚƵƟŽŶĂůŝŶŶŽǀĂƟŽŶƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞŝŶǀŽůǀĞŵĞŶƚŽĨĮƐĐĂůŝŶƐƚƌƵŵĞŶƚƐǁĞƌĞƚŚĞĐŽƌĞƚŽƉŝĐƐĚŝƐĐƵƐƐĞĚĂƚƐĞƐƐŝŽŶƐ

ŵŽŶŐƚŚĞŬĞLJƐƉĞĂŬĞƌƐĂŶĚƉĂƌƟĐŝƉĂŶƚƐǁĞƌĞDƌ ŚĂƌƌĂƚĂŐĚĞŽWƌĞƐŝĚĞŶƚŽĨƚŚĞƐƐĞŵďůLJ ĂŶĚampŽƌŵĞƌWƌĞƐŝĚĞŶƚŽͲŽƉĞƌĂƟǀĞZĞƉƵďůŝĐŽĨƵLJĂŶĂDƌ ƵĂŶŽƐĠƵĞƌƌĂDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚEĂƚƵƌĂůZĞƐŽƵƌĐĞƐhŶŝƚĞĚDĞdžŝĐĂŶ^ƚĂƚĞƐƌ DŽŬDĂƌĞƚŚ^ĞŶŝŽƌDŝŶŝƐƚĞƌĂŶĚDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚltŝŶŐĚŽŵŽĨĂŵďŽĚŝĂƌ ^ĂŶũĂĂƐƵƌĞŶKLJƵŶDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚDŽŶŐŽůŝĂƌ ƌ ŶĚĂŚDƵƌŶŝŶŝŶŐƚLJĂƐĞƉƵƚLJDŝŶŝƐƚĞƌĂŶĚĞĂĚŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞĂŶĚŶǀŝƌŽŶŵĞŶƚ^ƚĂƚĞDŝŶŝƐƚƌLJŽĨEĂƟŽŶĂůĞǀĞůŽƉŵĞŶƚWůĂŶŶŝŶŐWWE^ͿDƌ DŝĐŚĂĞůgtŝĞďƌĞŝĐŚŚŝĞĨdžĞĐƵƟǀĞůŽŽŵďĞƌŐEĞǁŶĞƌŐLJampŝŶĂŶĐĞƌ ƆƌŐĞŶZĂŶĚĞƌƐWƌŽĨĞƐƐŽƌŽĨůŝŵĂƚĞ^ƚƌĂƚĞŐLJ EŽƌǁĞŐŝĂŶƵƐŝŶĞƐƐ^ĐŚŽŽůĂŶĚƚŽ^ŝůĞƐŚŝĞƚĂŚƵŶ^ƚĂƚĞDŝŶŝƐƚĞƌŽĨŐƌŝĐƵůƚƵƌĞampĞĚĞƌĂůĞŵŽĐƌĂƟĐZĞƉƵďůŝĐŽĨƚŚŝŽƉŝĂ

ampŽƌŵŽƌĞŽŶ^ϮϬϭϯƉůĞĂƐĞǀŝƐŝƚŚƩƉŐŐŐƐƵŵŵŝƚŽƌŐ

12

Our carbon emissions in 2013

ƐƉĂƌƚŽĨ ƐĐŽƌƉŽƌĂƚĞƐŽĐŝĂůƌĞƐƉŽŶƐŝďŝůŝƚLJ ǁĞŵĞĂƐƵƌĞĚŽƵƌĐĂƌďŽŶĨŽŽƚƉƌŝŶƚŝŶϮϬϭϯĨƌŽŵŽƵƌƚǁŽůĂƌŐĞƐƚƐŽƵƌĐĞƐŽĨĞŵŝƐƐŝŽŶƐͲĂŝƌƚƌĂǀĞůĂŶĚďƵŝůĚŝŶŐƵƐĞŝƌƚƌĂǀĞůŝŶĐůƵĚĞĚƐƚĂīĂŶĚŶŽŶͲƐƚĂīĐŽŶƐƵůƚĂŶƚƐƌĞƐĞĂƌĐŚĨĞůůŽǁƐĞƚĐͿƚƌĂǀĞůĂƐǁĞůůĂƐŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐĮŶĂŶĐĞĚďLJŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐƐŽŶůLJŝŶĐůƵĚĞĚĞůĞĐƚƌŝĐŝƚLJƵƐĞĨƌŽŵŚĞĂĚƋƵĂƌƚĞƌƐŝŶ^ĞŽƵů

Building 10

Air travel90

GGGI Carbon Emissions in 2013

tCO2

Building (HQ only) 88Air Travel 793Total (tCO2) 881

HQ (Seoul) 50

London10

Meeting participants

21

Copenhagen2

Abu Dhabi2

Other non-staff (Consultants etc)

6

Project offices

9

GGGI Carbon Emissions from Air

Travel in 2013

tCO2

HQ (Seoul) 392London 77Copenhagen 16Abu Dhabi 19Project offices 73Other non-staff(Consultants etc) 50Meeting participants 166Total (tCO2) 793

Towards a carbon-lean GGGI

13

Towards a carbon-lean GGGI

ƚŽƚĂůŽĨϴϴϭƚŽŶƐŽĨKϮƚKϮͿǁĂƐĞŵŝƩĞĚďLJŝŶϮϬϭϯϵϬйŽĨǁŚŝĐŚĐĂŵĞĨƌŽŵĂŝƌƚƌĂǀĞůĂŶĚƚŚĞƌĞŵĂŝŶŝŶŐϭϬйĨƌŽŵďƵŝůĚŝŶŐĞůĞĐƚƌŝĐŝƚLJƵƐĞ

ƐŽǀĞƌϳϬйŽĨƐƚĂīŵĞŵďĞƌƐĂƌĞĐƵƌƌĞŶƚůLJďĂƐĞĚŝŶ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐƚŚĞůĂƌŐĞƐƚƐŚĂƌĞϱϬйͿŽĨĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐĐĂŵĞĨƌŽŵƐƚĂīďĂƐĞĚŝŶ^ĞŽƵůǁŚŝůĞƐƚĂīƚƌĂǀĞůĨƌŽŵŶŽŶͲŚĞĂĚƋƵĂƌƚĞƌďĂƐĞĚŽĸĐĞƐĂĐĐŽƵŶƚĞĚĨŽƌϮϯйDĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐƐƵƉƉŽƌƚĞĚďLJĂƩĞŶĚŝŶŐŵĂũŽƌĞǀĞŶƚƐƐƵĐŚĂƐŽƵŶĐŝůƐĞƐƐŝŽŶƐĂŶĚƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚĂŵŽƵŶƚĞĚƚŽϭϲϲƚKϮǁŚŝĐŚĂĐĐŽƵŶƚĞĚĨŽƌϮϭйŽĨƚŽƚĂůĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐ

Methodology used

ƐĐĂůĐƵůĂƟŽŶŽĨŽƵƌĐĂƌďŽŶĞŵŝƐƐŝŽŶƐĨŽůůŽǁĞĚƚŚĞƉƌŝŶĐŝƉůĞƐĨƌŽŵƚŚĞƌĞĞŶŚŽƵƐĞĂƐWƌŽƚŽĐŽůĚĞǀĞůŽƉĞĚďLJƚŚĞtŽƌůĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞtZͿĂŶĚƚŚĞtŽƌůĚƵƐŝŶĞƐƐŽƵŶĐŝůĨŽƌ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚt^ͿĂƌďŽŶĞŵŝƐƐŝŽŶĨŽƌĂŝƌƚƌĂǀĞůǁĞƌĞĐĂƉƚƵƌĞĚďĂƐĞĚŽŶDŝƐƐŝŽŶZĞƋƵĞƐƚƐƐƵďŵŝƩĞĚďLJƐƚĂīŝŶϮϬϭϯĂŶĚůŝƐƚƐƉƌŽǀŝĚĞĚďLJƚŚĞǀĞŶƚƐƚĞĂŵĨŽƌŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐKĂƌďŽŶŵŝƐƐŝŽŶƐĂůĐƵůĂƚŽƌsĞƌƐŝŽŶϮϲͿǁĂƐƵƐĞĚĨŽƌĐĂůĐƵůĂƟŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶĨƌŽŵĂŝƌƚƌĂǀĞůƐĨŽƌĞŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐĞŶĞƌŐLJƵƐĞƚŚĞĐĂůĐƵůĂƟŽŶŽŶůLJŝŶĐůƵĚĞĚƉƵƌĐŚĂƐĞĚĞůĞĐƚƌŝĐŝƚLJĨƌŽŵ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐĂƐŽƚŚĞƌŽĸĐĞƐĚŝĚŶŽƚŚĂǀĞƚŚĞƌĞƋƵŝƌĞĚĚĂƚĂŝŶϮϬϭϯ

Looking ahead

ƐƚƌŝǀĞƐƚŽǁĂůŬƚŚĞƚĂůŬĂŶĚďĞĐŽŵĞĂĐĂƌďŽŶͲůĞĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶtĞǁŝůůƵƐĞϮϬϭϯĐĂƌďŽŶĚĂƚĂĂƐĂďĂƐĞůŝŶĞƚŽƐĞĞŚŽǁďĞƐƚƚŽƌĞĚƵĐĞŽƵƌĞŵŝƐƐŝŽŶƐĞƐƉĞĐŝĂůůLJĨƌŽŵĂŝƌƚƌĂǀĞůĞŝƚŚĞƌƚŚƌŽƵŐŚďƵŶĚůŝŶŐŵŝƐƐŝŽŶƐŽƌŵŽƌĞĞīĞĐƟǀĞƵƐĞŽĨǀŝĚĞŽĐŽŶĨĞƌĞŶĐŝŶŐŽƌŽƚŚĞƌŽŶůŝŶĞŵĞĂŶƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶtŚŝůĞĨŽĐƵƐǁŝůůďĞŐŝǀĞŶƚŽƌĞĚƵĐŝŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶŝŶŽƵƌĚĂLJͲƚŽͲĚĂLJŽƉĞƌĂƟŽŶƐǁŝůůŝŶƉĂƌĂůůĞůĞdžƉůŽƌĞŵŽĚĂůŝƟĞƐĨŽƌƉƵƌĐŚĂƐŝŶŐĐĂƌďŽŶŽīƐĞƚƐĨŽƌƵŶĂǀŽŝĚĂďůĞĞŵŝƐƐŝŽŶƐƚŽďĞĐŽŵĞĂĐĂƌďŽŶͲŶĞƵƚƌĂůŽƌŐĂŶŝnjĂƟŽŶ

14

ŚĂƐϯϰƉƌŽŐƌĂŵƐŝŶϮϬĐŽƵŶƚƌŝĞƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŵƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞŝƌƌĞŐŝŽŶĂůŽƌŶĂƟŽŶĂůĞĐŽŶŽŵŝĐŐŽĂůƐ

ƚLJƉŝĐĂůĐŽƵŶƚƌLJƉƌŽŐƌĂŵĐŽŶƐŝƐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶWͿĂŶĂůLJƐŝƐĂŶĚĚĞƐŝŐŶĚŽŵĞƐƟĐĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉƚŽƐƵƉƉŽƌƚWŝŵƉůĞŵĞŶƚĂƟŽŶ

ƐƉƌŽũĞĐƚĐLJĐůĞƐƚĂƌƚƐĨƌŽŵƵŶĚĞƌƐƚĂŶĚŝŶŐĂŐŝǀĞŶĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚŽďũĞĐƟǀĞƐĂŶĚƚŽƚŚĞŶĂƐƐĞƐƐƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŽĂĐŚŝĞǀĞƚŚĞŵtĞĚŽƚŚŝƐďLJĐŽŶĚƵĐƟŶŐƌŝŐŽƌŽƵƐƐĞĐƚŽƌͲďLJͲƐĞĐƚŽƌ ĂŶĂůLJƐŝƐĂŶĚďLJƉƌŝŽƌŝƟnjŝŶŐĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐĂůŽŶŐŵƵůƟƉůĞĚŝŵĞŶƐŝŽŶƐƚŚĂƚƌĞŇĞĐƚĂĐŽƵŶƚƌLJ ƐŽǁŶƉƌŝŽƌŝƟĞƐdŚŝƐůĞĂĚƐƚŽĚĞǀĞůŽƉŝŶŐŵƵůƟͲƐĞĐƚŽƌ ĐŽŵƉƌĞŚĞŶƐŝǀĞƐƚƌĂƚĞŐŝĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚdŚĞƐĞĂƌĞƚŚĞŶĂƐƐĞƐƐĞĚŝŶƚĞƌŵƐŽĨƚŚĞŝƌĐŽƐƚƐŝŶĐůƵĚŝŶŐƚŚĞŝƌŝŵƉůŝĐĂƟŽŶƐĨŽƌƚŚĞǁŝĚĞƌĞĐŽŶŽŵLJampŝŶĂůůLJďƵŝůĚŝŶŐŽŶŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞƐƵƉƉŽƌƚƐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂƉƉƌŽƉƌŝĂƚĞŝŶƐƟƚƵƟŽŶĂůĨƌĂŵĞǁŽƌŬƐƚŽŝŵƉůĞŵĞŶƚƐƵĐŚƐƚƌĂƚĞŐŝĞƐĂŶĚĞǀĞŶƚƵĂůůLJŚĞůƉƐĐŽƵŶƚƌŝĞƐƚƌĂŶƐĨŽƌŵƚŚĞƐƚƌĂƚĞŐŝĞƐŝŶƚŽƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐƚŚĂƚĐĂŶĂƩƌĂĐƚĨƵŶĚŝŶŐĨƌŽŵƚŚĞƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞƐĞĐƚŽƌ

ƐĐƵƌƌĞŶƚŽƉĞƌĂƟŽŶƐƐƉĂŶĂĐƌŽƐƐĂǁŝĚĞƌĂŶŐĞŽĨƐĞĐƚŽƌƐĂŶĚĂĐƟǀŝƟĞƐampƌŽŵƐƵƉƉŽƌƟŶŐĂŶĂƟŽŶĂůĨŽƌĞƐƚƉůĂŶŝŶWĞƌƵƚŽĐŽůůĂďŽƌĂƟŶŐǁŝƚŚƚŚŝŽƉŝĂŽŶĂĐůŝŵĂƚĞƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJampƌŽŵŚĞůƉŝŶŐƚŽƐƚƌĞŶŐƚŚĞŶƐƚĂƚĞͲůĞǀĞůĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐŝŶltĂƌŶĂƚĂŬĂŶĚŝĂͿƚŽǁŽƌŬŝŶŐǁŝƚŚƚŚĞŶĞǁDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶŝŶDĞdžŝĐŽŽŶƉƌŝŽƌŝƟĞƐĨŽƌĂŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƚŚĂƚŚĂƐƚŚĞƉŽƚĞŶƟĂůƚŽŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŽƌĞƚŚĂŶϯϬŵŝůůŝŽŶƉĞŽƉůĞ

ŶϮϬϭϯŝŶǀĞƐƚĞĚŚĞĂǀŝůLJŝŶŽŶͲƚŚĞͲŐƌŽƵŶĚĞdžƉĞƌƚƐƚŽĂĚǀŝƐĞƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐŽŶƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚƐƚĂƌƚĞĚŵŽǀŝŶŐŝƚƐƚĞĂŵƐƚŽďĞďĂƐĞĚŝŶƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĞdžƉĞƌƚƐŚĂǀĞďĞĞŶǁŽƌŬŝŶŐĐůŽƐĞůLJǁŝƚŚŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐĂŶĚĂŐĞŶĐŝĞƐŝŶŽƌĚĞƌƚŽŐĂŝŶĂŶŝŶͲĚĞƉƚŚƵŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚŬŶŽǁůĞĚŐĞŽĨůŽĐĂůƉƌŝŽƌŝƟĞƐdŚŝƐĂƉƉƌŽĂĐŚŚĞůƉƐƵŶĚĞƌƐƚĂŶĚďĞƩĞƌŝƚƐƉĂƌƚŶĞƌƐĂŶĚƚĂŝůŽƌŝƚƐƐƵƉƉŽƌƚĂŶĚĂůƐŽŚĞůƉƐŐŽǀĞƌŶŵĞŶƚƐďƵŝůĚŝŶƚĞƌŶĂůĐĂƉĂĐŝƚLJƚŽĞǀĞŶƚƵĂůůLJĐĂƌƌLJŽƵƚŐƌĞĞŶŐƌŽǁƚŚǁŽƌŬǁŝƚŚŽƵƚƚŚĞĂƐƐŝƐƚĂŶĐĞŽĨŽƵƚƐŝĚĞŐƌŽƵƉƐ

dŚĞĨŽůůŽǁŝŶŐĚĞƚĂŝůƐƚŚĞƐƚĂƚƵƐŝŶϮϬϭϯŽĨ ƐƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƐ

Working on the ground to develop

green growth strategies

Green Growth Planning

and Implementation

Latin America

16

Brazil

Focus Forestry

ampŽůůŽǁŝŶŐƵƉŽŶŝƚƐƐƵƉƉŽƌƚƚŽƌĂnjŝů ƐŶĂƟŽŶĂůĐůŝŵĂƚĞĐŚĂŶŐĞƐƚƌĂƚĞŐLJ ŝƐĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚDŽͿŝŶĚĞǀĞůŽƉŝŶŐĂƐƵƐƚĂŝŶĂďůĞƟŵďĞƌŝŶĚƵƐƚƌLJŝŶƚŚĞŵĂnjŽŶĂƐƉĂƌƚŽĨĂďƌŽĂĚĞƌƉŽůŝĐLJĨƌĂŵĞǁŽƌŬĚĞƐŝŐŶĞĚƚŽƌĞŝŶĨŽƌĐĞƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞƐŽĨĂƌŝŶƚĂĐŬůŝŶŐĚĞĨŽƌĞƐƚĂƟŽŶŝŶƚŚĞŵĂnjŽŶƌĞŐŝŽŶŝƐĐŽŶĐĞŶƚƌĂƟŶŐŝƚƐĞīŽƌƚƐŝŶƚŚĞdĂƉĂũŽƐďĂƐŝŶĂƚƚŚĞĨƌŽŶƟĞƌŽĨĨŽƌĞƐƚĚĞǀĞůŽƉŵĞŶƚŝĚĞŶƟĨLJŝŶŐƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚĂĐƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞĨŽƌĞƐƚŝŶĚƵƐƚƌLJ ƐƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚŐƌŽǁƚŚŶϮϬϭϯĐŽŶĚƵĐƚĞĚĂƐƵƌǀĞLJŽĨĐŽŵƉĂŶŝĞƐŝŶƚŚĞƐĞĐƚŽƌ ƉƌŽǀŝĚŝŶŐƚŚĞĮƌƐƚƚŚŽƌŽƵŐŚĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞďĂƌƌŝĞƌƐĨĂĐĞĚďLJƚŚĞŝŶĚƵƐƚƌLJŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞDŽƚŽŝŶƚĞŐƌĂƚĞƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚŝƐĞdžƉĞƌŝĞŶĐĞŝŶƚŽŶĂƟŽŶĂůƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐ

Case Study Colombia Amazon Basin

ƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚŽůŽŵďŝĂďĞŐĂŶŝŶĞĂƌůLJϮϬϭϯĂƐƉĂƌƚŽĨƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŵĂnjŽŶĂƐŝŶƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƚŝŶŝƟĂůůLJǁĂƐĚĞƐŝŐŶĞĚƚŽĂƐƐŝƐƚŵĂnjŽŶĂƐŝŶĐŽƵŶƚƌŝĞƐƚŽďƵŝůĚŝŶƚĞƌŶĂƟŽŶĂůƉĂƌƚŶĞƌƐŚŝƉƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞŝƌĨŽƌĞƐƚƐĂŶĚƉƌŽŵŽƚĞƚŚĞĂĚŽƉƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐ

ƵƌƌĞŶƚůLJ ŝƐĨŽĐƵƐŝŶŐŽŶŽůŽŵďŝĂǁŚĞƌĞƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐŚĂǀĞĚĞǀĞůŽƉĞĚĂƐƚƌŽŶŐƉĂƌƚŶĞƌƐŚŝƉŽŶĨŽƌĞƐƚƌLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚdŚĞĞīŽƌƚŝƐĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂůĂƌŐĞͲƐĐĂůĞŝŶǀĞƐƚŵĞŶƚƉůĂŶĂŶĚĨƵŶĚŝŶŐŵĞĐŚĂŶŝƐŵƚŽƐƵƉƉŽƌƚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐĞŶŐĂŐĞŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚŽƉƟŽŶƐŝŶƚŚĞŽůŽŵďŝĂŶŵĂnjŽŶZĞŐŝŽŶ

ŝƐƉĂƌƚŶĞƌŝŶŐǁŝƚŚŽůŽŵďŝĂ ƐDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂŶĚ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚD^ͿƚŽĂƐƐĞƐƐƚŚĞĨĞĂƐŝďŝůŝƚLJŽĨƚŚĞƉůĂŶĂŶĚĮŶĂŶĐŝŶŐǀĞŚŝĐůĞdŚĞŝŶŝƟĂƟǀĞĂŝŵƐƚŽŐĞŶĞƌĂƚĞƉĂLJŵĞŶƚƐĨƌŽŵĚŽŶŽƌƐŝŶƚŚĞƌĂŶŐĞŽĨΨϭϬϬŵŝůůŝŽŶƚŽΨϭϱϬŵŝůůŝŽŶƉĞƌLJĞĂƌƚŽĐŽŵƉĞŶƐĂƚĞĨŽƌƚŚĞĐŽƵŶƚƌLJ ƐƌĞĚƵĐĞĚĚĞĨŽƌĞƐƚĂƟŽŶƵƉƚŽnjĞƌŽŶĞƚŐŽĂůďLJϮϬϮϬŶƚŚĞĐŽŵŝŶŐLJĞĂƌƐŚŽƉĞƐƚŽĨƵƌƚŚĞƌĐŽůůĂďŽƌĂƚĞǁŝƚŚD^ƚŽŝĚĞŶƟĨLJůŝŶŬĂŐĞƐǁŝƚŚƚŚĞůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJƚŚĂƚŽůŽŵďŝĂŚĂƐĂůƌĞĂĚLJĚĞǀĞůŽƉĞĚ

ŶϮϬϭϯĂĐƟǀĞůLJĞŶŐĂŐĞĚŽƚŚĞƌŬĞLJŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐƚŽĞdžƉůŽƌĞƚŚĞƉŽƚĞŶƟĂůƚŽĨƵƌƚŚĞƌŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĐŽƵŶƚƌLJ ƐďƌŽĂĚĞƌĞĐŽŶŽŵŝĐƉůĂŶŶŝŶŐŶƉĂƌƟĐƵůĂƌ ŝƐŝŶƚŚĞĞĂƌůLJƐƚĂŐĞƐŽĨĚĞǀĞůŽƉŝŶŐĂŶĂŐĞŶĚĂŽĨǁŽƌŬǁŝƚŚƚŚĞEĂƟŽŶĂůWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚƚŽǁĂƌĚŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐŶĂƟŽŶĂůŐƌŽǁƚŚĂŶĚƐŽĐŝĂůŝŶĚŝĐĂƚŽƌƐĂŶĚŝŶƚŽŬĞLJƐĞĐƚŽƌƐ

17

Mexico

Focus Climate Change Adaptation

Urban Development and Transport

ĂƐƐŝƐƚĞĚƚŚĞDŝŶŝƐƚƌLJŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚ^DZEdͿŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨĐŽůŽŐLJĂŶĚůŝŵĂƚĞŚĂŶŐĞEͿƚŽĞdžƉĂŶĚƚŚĞƐĐŽƉĞŽĨDĞdžŝĐŽ ƐEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞ^ƚƌĂƚĞŐLJdŚŝƐǁĂƐĂĐŚŝĞǀĞĚƉƌŝŵĂƌŝůLJďLJŚĞůƉŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐůŝŵĂƚĞĂĚĂƉƚĂƟŽŶŝŶƚŽƚŚĞƐƚƌĂƚĞŐLJďĂƐĞĚŽŶƌŝƐŬŵĂŶĂŐĞŵĞŶƚƚŚĞĞǀĂůƵĂƟŽŶŽĨƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƟĐĞǀĞŶƚƐŽŶŬĞLJƐĞĐƚŽƌƐŽĨƚŚĞĞĐŽŶŽŵLJ ĂŶĚƚŚĞĂŶĂůLJƐĞƐĂŶĚƉƌŝŽƌŝƟnjĂƟŽŶŽĨĂĚĂƉƚĂƟŽŶĂĐƟŽŶƐŶĂĚĚŝƟŽŶĚĞǀĞůŽƉĞĚĂŵĞƚŚŽĚŽůŽŐLJƚŽŝĚĞŶƟĨLJŵƵŶŝĐŝƉĂůŝƟĞƐƚŚĂƚĂƌĞŵŽƐƚĂƚͲƌŝƐŬƚŽŵĂũŽƌĐůŝŵĂƚĞĞǀĞŶƚƐ

ŶϮϬϭϯĂůƐŽďĞŐĂŶǁŽƌŬŝŶŐǁŝƚŚƚŚĞDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶDĞͿƚŽĚĞǀĞůŽƉĂĨƌĂŵĞǁŽƌŬĨŽƌƌĞŐŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐdŚĞDĞƌĞƉƌĞƐĞŶƚƐĂŶŽǀĞůĂƉƉƌŽĂĐŚƚŽƚĂĐŬůŝŶŐĐƌŽƐƐͲũƵƌŝƐĚŝĐƟŽŶĂůĐŚĂůůĞŶŐĞƐĂŶĚŚĂƐďĞĞŶŐŝǀĞŶƚŚĞŵĂŶĚĂƚĞŽĨŽǀĞƌƐĞĞŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂĐƌŽƐƐϲƐƚĂƚĞƐŝŶĐĞŶƚƌĂůDĞdžŝĐŽƚŚĂƚƚŽŐĞƚŚĞƌĂĐĐŽƵŶƚĨŽƌĂďŽƵƚĂƚŚŝƌĚŽĨƚŚĞĐŽƵŶƚƌLJ ƐƉŽƉƵůĂƟŽŶŚĂƐŚĞůƉĞĚĂƐƐĞƐƐĂŶĚĚĞƐŝŐŶƉŽůŝĐŝĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶƚĂdžĞƐŽŶŐĂƐŽůŝŶĞĂŶĚǀĞŚŝĐůĞŽǁŶĞƌƐŚŝƉĂŶĚĐŽͲnjŽŶĞƐǁŝƚŚƌĞƐƚƌŝĐƚĞĚŵŽǀĞŵĞŶƚŽĨǀĞŚŝĐůĞƐ

Peru

Focus Forestry Competitiveness

WĞƌƵ ƐĨŽƌĞƐƚƐĞĐƚŽƌŚĂƐďĞĞŶƵŶĚĞƌŐŽŝŶŐĚƌĂŵĂƟĐĐŚĂŶŐĞŽǀĞƌƚŚĞƉĂƐƚƚŚƌĞĞLJĞĂƌƐǁŝƚŚĂƐĞƌŝĞƐŽĨŶĞǁƉŽůŝĐŝĞƐĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁampŽƌĞƐƚƌLJ^ĞƌǀŝĐĞĂŶĚampŽƌĞƐƚƌLJDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵŝƐŚĞůƉŝŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽŝƚƐEĂƟŽŶĂůampŽƌĞƐƚƌLJĂŶĚtŝůĚůŝĨĞWůĂŶEamptWͿŶϮϬϭϯŚĞůƉĞĚĞƐƚĂďůŝƐŚĂĐƌŽƐƐͲŵŝŶŝƐƚĞƌŝĂůƚĞĐŚŶŝĐĂůĐŽŵŵŝƩĞĞĂŶĚĂĚǀŝƐŽƌLJŐƌŽƵƉŐĂǀĞƚĞĐŚŶŝĐĂůĂƐƐŝƐƚĂŶĐĞŽŶƚŚĞĐŽŶƚĞŶƚŽĨƚŚĞEamptW ĂŶĚĐŽŶǀĞŶĞĚƐƚĂŬĞŚŽůĚĞƌƐƚŽĐŽŶƐŝĚĞƌĂŶĚƉƌŝŽƌŝƟnjĞŐƌĞĞŶŐƌŽǁƚŚŽďũĞĐƟǀĞƐĨŽƌƚŚĞĨŽƌĞƐƚƐĞĐƚŽƌ ŶϮϬϭϯĂůƐŽďĞŐĂŶƐƵƉƉŽƌƟŶŐƚŚĞEĂƟŽŶĂůŽŵƉĞƟƟǀĞŶĞƐƐŽƵŶĐŝůƚŽŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐŝŶƚŽŝƚƐƐƚƌĂƚĞŐLJĨŽƌŶĂƟŽŶĂůĐŽŵƉĞƟƟǀĞŶĞƐƐƚŚƌŽƵŐŚƚĞĐŚŶŝĐĂůŝŶƉƵƚƐĂŶĚĂƐĞƌŝĞƐŽĨǁŽƌŬƐŚŽƉƐ

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

9

WƌŽũĞĐƚŽŶƚƌŝďƵƚŽƌƐ

10

ĂŶƵĂƌLJ ^ĞĐŽŶĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶďƵŚĂďŝ

ltŽƌĞĂƐŝŐŶĞĚƚŚĞĞĂĚƋƵĂƌƚĞƌƐĂŐƌĞĞŵĞŶƚĂŐƌĞĞŝŶŐƚŽŚŽƐƚĂŶĚƌĞĐŽŐŶŝnjĞĂƐĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶǁŝƚŚĂŶŝŶƚĞƌŶĂƟŽŶĂůůĞŐĂůƉĞƌƐŽŶĂůŝƚLJ

March ĂŵďŽĚŝĂYĂƚĂƌ WĂƉƵĂEĞǁƵŝŶĞĂZĂƟĨLJƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

Ɖƌŝů ampŽƌŵĞƌƵƐƚƌĂůŝĂŶŵďĂƐƐĂĚŽƌ ŽǁĂƌĚĂŵƐĞLJ ĂƉƉŽŝŶƚĞĚƚŽůĞĂĚĨŽƌŽŶĞLJĞĂƌƚĞƌŵ

DĂLJ dŚĞhŶŝƚĞĚltŝŶŐĚŽŵƌĂƟĮĞĚƚŚĞƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

ƵŶĞ DŽŶŐŽůŝĂĂŶĚZǁĂŶĚĂďĞĐĂŵĞŵĞŵďĞƌƐŽĨ

dŚŝƌĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

ǁĂƐŐƌĂŶƚĞĚKĸĐŝĂůĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞKͿĞůŝŐŝďŝůŝƚLJƐƚĂƚƵƐďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚʹĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞŽŵŵŝƩĞĞKͲͿũŽŝŶŝŶŐĂŶƐĞůĞĐƚŐƌŽƵƉŽĨŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŚŽƐĞĐŽŶƚƌŝďƵƟŽŶƐĨƌŽŵĚŽŶŽƌŶĂƟŽŶƐĂƌĞĐŽŶƐŝĚĞƌĞĚK

ƵŐƵƐƚ EŽƌǁĂLJƌĂƟĮĞĚƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

November ǁĂƐŐŝǀĞŶŽďƐĞƌǀĞƌƐƚĂƚƵƐĂƚƐĞƐƐŝŽŶƐŽĨƚŚĞŽŶĨĞƌĞŶĐĞŽĨWĂƌƟĞƐKWͿŽĨƚŚĞhŶŝƚĞĚEĂƟŽŶƐampƌĂŵĞǁŽƌŬŽŶǀĞŶƟŽŶŽŶůŝŵĂƚĞŚĂŶŐĞhEampͿ

December dŚĞŽƌŐĂŶŝnjĂƟŽŶ Ɛ^ŽŶŐĚŽůŝĂŝƐŽŶŽĸĐĞǁĂƐŽƉĞŶĞĚĂƐĂǀĞŶƵĞĨŽƌŝŶƚĞƌŶĂƟŽŶĂůĐŽŽƉĞƌĂƟŽŶĂŶĚĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚŵƵůƟůĂƚĞƌĂůŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚŚĞƌĞĞŶůŝŵĂƚĞampƵŶĚampͿĂƐǁĞůůĂƐĨŽƌƐƉĞĐŝĂůŝnjĞĚƚƌĂŝŶŝŶŐĂŶĚĐĂƉĂĐŝƚLJͲďƵŝůĚŝŶŐĂĐƟǀŝƟĞƐĂŶĚŚŝŐŚͲůĞǀĞůŐŽǀĞƌŶĂŶĐĞĂĐƟǀŝƟĞƐ

dŚĞampŽƵƌƚŚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

dŚĞhŶŝƚĞĚEĂƟŽŶƐĞŶĞƌĂůƐƐĞŵďůLJĂĚŽƉƚĞĚĂƌĞƐŽůƵƟŽŶŐƌĂŶƟŶŐƚŚĞŽďƐĞƌǀĞƌƐƚĂƚƵƐǁŚŝĐŚŐŝǀĞƐƚŚĞƌŝŐŚƚƚŽƐƉĞĂŬĂƚĞŶĞƌĂůƐƐĞŵďůLJŵĞĞƟŶŐƐĂŶĚƐƉŽŶƐŽƌĂŶĚƐŝŐŶƌĞƐŽůƵƟŽŶƐŝƐĂůƐŽďĞĂďůĞƚŽĐĂƐƚƉƌŽĐĞĚƵƌĂůǀŽƚĞƐ

Institutional Milestones

11

June - Global Green Growth Summit 2013

dŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚǁĂƐŚĞůĚŝŶƵŶĞϮϬϭϯŝŶ^ŽŶŐĚŽŶĐŚĞŽŶŝƚLJ ZĞƉƵďůŝĐŽĨltŽƌĞĂdŚĞƚŚŝƌĚĂŶŶƵĂů^ƵŵŵŝƚĨŽĐƵƐĞĚŽŶƚŚĞŶĞdžƵƐďĞƚǁĞĞŶĮŶĂŶĐĞŝŶŶŽǀĂƟŽŶĂŶĚƉŽůŝĐLJ ƉƌŽǀŝĚŝŶŐĂƵŶŝƋƵĞƉůĂƞŽƌŵĨŽƌŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞŝŶĂĐĐĞůĞƌĂƟŶŐƚŚĞƚƌĂŶƐŝƟŽŶƚŽĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJ

dŚĞ^ƵŵŵŝƚƉůĂĐĞĚĞŵƉŚĂƐŝƐŽŶƚĂŬŝŶŐŝŶŶŽǀĂƟǀĞĂƉƉƌŽĂĐŚĞƐƚŽďůĞŶĚƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐĮŶĂŶĐĞĂĚǀĂŶĐĞƚĞĐŚŶŽůŽŐLJĚĞƉůŽLJŵĞŶƚĂƚƐĐĂůĞĂŶĚĚƌŝǀĞĂŶĞƌĂŽĨĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚĂƚƐƚƌŝǀĞƐĨŽƌĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶĞĐŽŶŽŵLJƚƌĂŶƐŝƟŽŶ^ĞĐƵƌŝŶŐŝŶǀĞƐƚŵĞŶƚƐĚĞůŝǀĞƌŝŶŐƚŚĞƌĞƋƵŝƌĞĚĮŶĂŶĐŝŶŐĂŶĚŝŶƐƟƚƵƟŽŶĂůŝŶŶŽǀĂƟŽŶƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞŝŶǀŽůǀĞŵĞŶƚŽĨĮƐĐĂůŝŶƐƚƌƵŵĞŶƚƐǁĞƌĞƚŚĞĐŽƌĞƚŽƉŝĐƐĚŝƐĐƵƐƐĞĚĂƚƐĞƐƐŝŽŶƐ

ŵŽŶŐƚŚĞŬĞLJƐƉĞĂŬĞƌƐĂŶĚƉĂƌƟĐŝƉĂŶƚƐǁĞƌĞDƌ ŚĂƌƌĂƚĂŐĚĞŽWƌĞƐŝĚĞŶƚŽĨƚŚĞƐƐĞŵďůLJ ĂŶĚampŽƌŵĞƌWƌĞƐŝĚĞŶƚŽͲŽƉĞƌĂƟǀĞZĞƉƵďůŝĐŽĨƵLJĂŶĂDƌ ƵĂŶŽƐĠƵĞƌƌĂDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚEĂƚƵƌĂůZĞƐŽƵƌĐĞƐhŶŝƚĞĚDĞdžŝĐĂŶ^ƚĂƚĞƐƌ DŽŬDĂƌĞƚŚ^ĞŶŝŽƌDŝŶŝƐƚĞƌĂŶĚDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚltŝŶŐĚŽŵŽĨĂŵďŽĚŝĂƌ ^ĂŶũĂĂƐƵƌĞŶKLJƵŶDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚDŽŶŐŽůŝĂƌ ƌ ŶĚĂŚDƵƌŶŝŶŝŶŐƚLJĂƐĞƉƵƚLJDŝŶŝƐƚĞƌĂŶĚĞĂĚŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞĂŶĚŶǀŝƌŽŶŵĞŶƚ^ƚĂƚĞDŝŶŝƐƚƌLJŽĨEĂƟŽŶĂůĞǀĞůŽƉŵĞŶƚWůĂŶŶŝŶŐWWE^ͿDƌ DŝĐŚĂĞůgtŝĞďƌĞŝĐŚŚŝĞĨdžĞĐƵƟǀĞůŽŽŵďĞƌŐEĞǁŶĞƌŐLJampŝŶĂŶĐĞƌ ƆƌŐĞŶZĂŶĚĞƌƐWƌŽĨĞƐƐŽƌŽĨůŝŵĂƚĞ^ƚƌĂƚĞŐLJ EŽƌǁĞŐŝĂŶƵƐŝŶĞƐƐ^ĐŚŽŽůĂŶĚƚŽ^ŝůĞƐŚŝĞƚĂŚƵŶ^ƚĂƚĞDŝŶŝƐƚĞƌŽĨŐƌŝĐƵůƚƵƌĞampĞĚĞƌĂůĞŵŽĐƌĂƟĐZĞƉƵďůŝĐŽĨƚŚŝŽƉŝĂ

ampŽƌŵŽƌĞŽŶ^ϮϬϭϯƉůĞĂƐĞǀŝƐŝƚŚƩƉŐŐŐƐƵŵŵŝƚŽƌŐ

12

Our carbon emissions in 2013

ƐƉĂƌƚŽĨ ƐĐŽƌƉŽƌĂƚĞƐŽĐŝĂůƌĞƐƉŽŶƐŝďŝůŝƚLJ ǁĞŵĞĂƐƵƌĞĚŽƵƌĐĂƌďŽŶĨŽŽƚƉƌŝŶƚŝŶϮϬϭϯĨƌŽŵŽƵƌƚǁŽůĂƌŐĞƐƚƐŽƵƌĐĞƐŽĨĞŵŝƐƐŝŽŶƐͲĂŝƌƚƌĂǀĞůĂŶĚďƵŝůĚŝŶŐƵƐĞŝƌƚƌĂǀĞůŝŶĐůƵĚĞĚƐƚĂīĂŶĚŶŽŶͲƐƚĂīĐŽŶƐƵůƚĂŶƚƐƌĞƐĞĂƌĐŚĨĞůůŽǁƐĞƚĐͿƚƌĂǀĞůĂƐǁĞůůĂƐŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐĮŶĂŶĐĞĚďLJŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐƐŽŶůLJŝŶĐůƵĚĞĚĞůĞĐƚƌŝĐŝƚLJƵƐĞĨƌŽŵŚĞĂĚƋƵĂƌƚĞƌƐŝŶ^ĞŽƵů

Building 10

Air travel90

GGGI Carbon Emissions in 2013

tCO2

Building (HQ only) 88Air Travel 793Total (tCO2) 881

HQ (Seoul) 50

London10

Meeting participants

21

Copenhagen2

Abu Dhabi2

Other non-staff (Consultants etc)

6

Project offices

9

GGGI Carbon Emissions from Air

Travel in 2013

tCO2

HQ (Seoul) 392London 77Copenhagen 16Abu Dhabi 19Project offices 73Other non-staff(Consultants etc) 50Meeting participants 166Total (tCO2) 793

Towards a carbon-lean GGGI

13

Towards a carbon-lean GGGI

ƚŽƚĂůŽĨϴϴϭƚŽŶƐŽĨKϮƚKϮͿǁĂƐĞŵŝƩĞĚďLJŝŶϮϬϭϯϵϬйŽĨǁŚŝĐŚĐĂŵĞĨƌŽŵĂŝƌƚƌĂǀĞůĂŶĚƚŚĞƌĞŵĂŝŶŝŶŐϭϬйĨƌŽŵďƵŝůĚŝŶŐĞůĞĐƚƌŝĐŝƚLJƵƐĞ

ƐŽǀĞƌϳϬйŽĨƐƚĂīŵĞŵďĞƌƐĂƌĞĐƵƌƌĞŶƚůLJďĂƐĞĚŝŶ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐƚŚĞůĂƌŐĞƐƚƐŚĂƌĞϱϬйͿŽĨĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐĐĂŵĞĨƌŽŵƐƚĂīďĂƐĞĚŝŶ^ĞŽƵůǁŚŝůĞƐƚĂīƚƌĂǀĞůĨƌŽŵŶŽŶͲŚĞĂĚƋƵĂƌƚĞƌďĂƐĞĚŽĸĐĞƐĂĐĐŽƵŶƚĞĚĨŽƌϮϯйDĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐƐƵƉƉŽƌƚĞĚďLJĂƩĞŶĚŝŶŐŵĂũŽƌĞǀĞŶƚƐƐƵĐŚĂƐŽƵŶĐŝůƐĞƐƐŝŽŶƐĂŶĚƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚĂŵŽƵŶƚĞĚƚŽϭϲϲƚKϮǁŚŝĐŚĂĐĐŽƵŶƚĞĚĨŽƌϮϭйŽĨƚŽƚĂůĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐ

Methodology used

ƐĐĂůĐƵůĂƟŽŶŽĨŽƵƌĐĂƌďŽŶĞŵŝƐƐŝŽŶƐĨŽůůŽǁĞĚƚŚĞƉƌŝŶĐŝƉůĞƐĨƌŽŵƚŚĞƌĞĞŶŚŽƵƐĞĂƐWƌŽƚŽĐŽůĚĞǀĞůŽƉĞĚďLJƚŚĞtŽƌůĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞtZͿĂŶĚƚŚĞtŽƌůĚƵƐŝŶĞƐƐŽƵŶĐŝůĨŽƌ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚt^ͿĂƌďŽŶĞŵŝƐƐŝŽŶĨŽƌĂŝƌƚƌĂǀĞůǁĞƌĞĐĂƉƚƵƌĞĚďĂƐĞĚŽŶDŝƐƐŝŽŶZĞƋƵĞƐƚƐƐƵďŵŝƩĞĚďLJƐƚĂīŝŶϮϬϭϯĂŶĚůŝƐƚƐƉƌŽǀŝĚĞĚďLJƚŚĞǀĞŶƚƐƚĞĂŵĨŽƌŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐKĂƌďŽŶŵŝƐƐŝŽŶƐĂůĐƵůĂƚŽƌsĞƌƐŝŽŶϮϲͿǁĂƐƵƐĞĚĨŽƌĐĂůĐƵůĂƟŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶĨƌŽŵĂŝƌƚƌĂǀĞůƐĨŽƌĞŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐĞŶĞƌŐLJƵƐĞƚŚĞĐĂůĐƵůĂƟŽŶŽŶůLJŝŶĐůƵĚĞĚƉƵƌĐŚĂƐĞĚĞůĞĐƚƌŝĐŝƚLJĨƌŽŵ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐĂƐŽƚŚĞƌŽĸĐĞƐĚŝĚŶŽƚŚĂǀĞƚŚĞƌĞƋƵŝƌĞĚĚĂƚĂŝŶϮϬϭϯ

Looking ahead

ƐƚƌŝǀĞƐƚŽǁĂůŬƚŚĞƚĂůŬĂŶĚďĞĐŽŵĞĂĐĂƌďŽŶͲůĞĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶtĞǁŝůůƵƐĞϮϬϭϯĐĂƌďŽŶĚĂƚĂĂƐĂďĂƐĞůŝŶĞƚŽƐĞĞŚŽǁďĞƐƚƚŽƌĞĚƵĐĞŽƵƌĞŵŝƐƐŝŽŶƐĞƐƉĞĐŝĂůůLJĨƌŽŵĂŝƌƚƌĂǀĞůĞŝƚŚĞƌƚŚƌŽƵŐŚďƵŶĚůŝŶŐŵŝƐƐŝŽŶƐŽƌŵŽƌĞĞīĞĐƟǀĞƵƐĞŽĨǀŝĚĞŽĐŽŶĨĞƌĞŶĐŝŶŐŽƌŽƚŚĞƌŽŶůŝŶĞŵĞĂŶƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶtŚŝůĞĨŽĐƵƐǁŝůůďĞŐŝǀĞŶƚŽƌĞĚƵĐŝŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶŝŶŽƵƌĚĂLJͲƚŽͲĚĂLJŽƉĞƌĂƟŽŶƐǁŝůůŝŶƉĂƌĂůůĞůĞdžƉůŽƌĞŵŽĚĂůŝƟĞƐĨŽƌƉƵƌĐŚĂƐŝŶŐĐĂƌďŽŶŽīƐĞƚƐĨŽƌƵŶĂǀŽŝĚĂďůĞĞŵŝƐƐŝŽŶƐƚŽďĞĐŽŵĞĂĐĂƌďŽŶͲŶĞƵƚƌĂůŽƌŐĂŶŝnjĂƟŽŶ

14

ŚĂƐϯϰƉƌŽŐƌĂŵƐŝŶϮϬĐŽƵŶƚƌŝĞƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŵƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞŝƌƌĞŐŝŽŶĂůŽƌŶĂƟŽŶĂůĞĐŽŶŽŵŝĐŐŽĂůƐ

ƚLJƉŝĐĂůĐŽƵŶƚƌLJƉƌŽŐƌĂŵĐŽŶƐŝƐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶWͿĂŶĂůLJƐŝƐĂŶĚĚĞƐŝŐŶĚŽŵĞƐƟĐĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉƚŽƐƵƉƉŽƌƚWŝŵƉůĞŵĞŶƚĂƟŽŶ

ƐƉƌŽũĞĐƚĐLJĐůĞƐƚĂƌƚƐĨƌŽŵƵŶĚĞƌƐƚĂŶĚŝŶŐĂŐŝǀĞŶĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚŽďũĞĐƟǀĞƐĂŶĚƚŽƚŚĞŶĂƐƐĞƐƐƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŽĂĐŚŝĞǀĞƚŚĞŵtĞĚŽƚŚŝƐďLJĐŽŶĚƵĐƟŶŐƌŝŐŽƌŽƵƐƐĞĐƚŽƌͲďLJͲƐĞĐƚŽƌ ĂŶĂůLJƐŝƐĂŶĚďLJƉƌŝŽƌŝƟnjŝŶŐĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐĂůŽŶŐŵƵůƟƉůĞĚŝŵĞŶƐŝŽŶƐƚŚĂƚƌĞŇĞĐƚĂĐŽƵŶƚƌLJ ƐŽǁŶƉƌŝŽƌŝƟĞƐdŚŝƐůĞĂĚƐƚŽĚĞǀĞůŽƉŝŶŐŵƵůƟͲƐĞĐƚŽƌ ĐŽŵƉƌĞŚĞŶƐŝǀĞƐƚƌĂƚĞŐŝĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚdŚĞƐĞĂƌĞƚŚĞŶĂƐƐĞƐƐĞĚŝŶƚĞƌŵƐŽĨƚŚĞŝƌĐŽƐƚƐŝŶĐůƵĚŝŶŐƚŚĞŝƌŝŵƉůŝĐĂƟŽŶƐĨŽƌƚŚĞǁŝĚĞƌĞĐŽŶŽŵLJampŝŶĂůůLJďƵŝůĚŝŶŐŽŶŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞƐƵƉƉŽƌƚƐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂƉƉƌŽƉƌŝĂƚĞŝŶƐƟƚƵƟŽŶĂůĨƌĂŵĞǁŽƌŬƐƚŽŝŵƉůĞŵĞŶƚƐƵĐŚƐƚƌĂƚĞŐŝĞƐĂŶĚĞǀĞŶƚƵĂůůLJŚĞůƉƐĐŽƵŶƚƌŝĞƐƚƌĂŶƐĨŽƌŵƚŚĞƐƚƌĂƚĞŐŝĞƐŝŶƚŽƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐƚŚĂƚĐĂŶĂƩƌĂĐƚĨƵŶĚŝŶŐĨƌŽŵƚŚĞƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞƐĞĐƚŽƌ

ƐĐƵƌƌĞŶƚŽƉĞƌĂƟŽŶƐƐƉĂŶĂĐƌŽƐƐĂǁŝĚĞƌĂŶŐĞŽĨƐĞĐƚŽƌƐĂŶĚĂĐƟǀŝƟĞƐampƌŽŵƐƵƉƉŽƌƟŶŐĂŶĂƟŽŶĂůĨŽƌĞƐƚƉůĂŶŝŶWĞƌƵƚŽĐŽůůĂďŽƌĂƟŶŐǁŝƚŚƚŚŝŽƉŝĂŽŶĂĐůŝŵĂƚĞƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJampƌŽŵŚĞůƉŝŶŐƚŽƐƚƌĞŶŐƚŚĞŶƐƚĂƚĞͲůĞǀĞůĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐŝŶltĂƌŶĂƚĂŬĂŶĚŝĂͿƚŽǁŽƌŬŝŶŐǁŝƚŚƚŚĞŶĞǁDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶŝŶDĞdžŝĐŽŽŶƉƌŝŽƌŝƟĞƐĨŽƌĂŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƚŚĂƚŚĂƐƚŚĞƉŽƚĞŶƟĂůƚŽŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŽƌĞƚŚĂŶϯϬŵŝůůŝŽŶƉĞŽƉůĞ

ŶϮϬϭϯŝŶǀĞƐƚĞĚŚĞĂǀŝůLJŝŶŽŶͲƚŚĞͲŐƌŽƵŶĚĞdžƉĞƌƚƐƚŽĂĚǀŝƐĞƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐŽŶƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚƐƚĂƌƚĞĚŵŽǀŝŶŐŝƚƐƚĞĂŵƐƚŽďĞďĂƐĞĚŝŶƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĞdžƉĞƌƚƐŚĂǀĞďĞĞŶǁŽƌŬŝŶŐĐůŽƐĞůLJǁŝƚŚŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐĂŶĚĂŐĞŶĐŝĞƐŝŶŽƌĚĞƌƚŽŐĂŝŶĂŶŝŶͲĚĞƉƚŚƵŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚŬŶŽǁůĞĚŐĞŽĨůŽĐĂůƉƌŝŽƌŝƟĞƐdŚŝƐĂƉƉƌŽĂĐŚŚĞůƉƐƵŶĚĞƌƐƚĂŶĚďĞƩĞƌŝƚƐƉĂƌƚŶĞƌƐĂŶĚƚĂŝůŽƌŝƚƐƐƵƉƉŽƌƚĂŶĚĂůƐŽŚĞůƉƐŐŽǀĞƌŶŵĞŶƚƐďƵŝůĚŝŶƚĞƌŶĂůĐĂƉĂĐŝƚLJƚŽĞǀĞŶƚƵĂůůLJĐĂƌƌLJŽƵƚŐƌĞĞŶŐƌŽǁƚŚǁŽƌŬǁŝƚŚŽƵƚƚŚĞĂƐƐŝƐƚĂŶĐĞŽĨŽƵƚƐŝĚĞŐƌŽƵƉƐ

dŚĞĨŽůůŽǁŝŶŐĚĞƚĂŝůƐƚŚĞƐƚĂƚƵƐŝŶϮϬϭϯŽĨ ƐƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƐ

Working on the ground to develop

green growth strategies

Green Growth Planning

and Implementation

Latin America

16

Brazil

Focus Forestry

ampŽůůŽǁŝŶŐƵƉŽŶŝƚƐƐƵƉƉŽƌƚƚŽƌĂnjŝů ƐŶĂƟŽŶĂůĐůŝŵĂƚĞĐŚĂŶŐĞƐƚƌĂƚĞŐLJ ŝƐĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚDŽͿŝŶĚĞǀĞůŽƉŝŶŐĂƐƵƐƚĂŝŶĂďůĞƟŵďĞƌŝŶĚƵƐƚƌLJŝŶƚŚĞŵĂnjŽŶĂƐƉĂƌƚŽĨĂďƌŽĂĚĞƌƉŽůŝĐLJĨƌĂŵĞǁŽƌŬĚĞƐŝŐŶĞĚƚŽƌĞŝŶĨŽƌĐĞƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞƐŽĨĂƌŝŶƚĂĐŬůŝŶŐĚĞĨŽƌĞƐƚĂƟŽŶŝŶƚŚĞŵĂnjŽŶƌĞŐŝŽŶŝƐĐŽŶĐĞŶƚƌĂƟŶŐŝƚƐĞīŽƌƚƐŝŶƚŚĞdĂƉĂũŽƐďĂƐŝŶĂƚƚŚĞĨƌŽŶƟĞƌŽĨĨŽƌĞƐƚĚĞǀĞůŽƉŵĞŶƚŝĚĞŶƟĨLJŝŶŐƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚĂĐƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞĨŽƌĞƐƚŝŶĚƵƐƚƌLJ ƐƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚŐƌŽǁƚŚŶϮϬϭϯĐŽŶĚƵĐƚĞĚĂƐƵƌǀĞLJŽĨĐŽŵƉĂŶŝĞƐŝŶƚŚĞƐĞĐƚŽƌ ƉƌŽǀŝĚŝŶŐƚŚĞĮƌƐƚƚŚŽƌŽƵŐŚĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞďĂƌƌŝĞƌƐĨĂĐĞĚďLJƚŚĞŝŶĚƵƐƚƌLJŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞDŽƚŽŝŶƚĞŐƌĂƚĞƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚŝƐĞdžƉĞƌŝĞŶĐĞŝŶƚŽŶĂƟŽŶĂůƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐ

Case Study Colombia Amazon Basin

ƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚŽůŽŵďŝĂďĞŐĂŶŝŶĞĂƌůLJϮϬϭϯĂƐƉĂƌƚŽĨƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŵĂnjŽŶĂƐŝŶƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƚŝŶŝƟĂůůLJǁĂƐĚĞƐŝŐŶĞĚƚŽĂƐƐŝƐƚŵĂnjŽŶĂƐŝŶĐŽƵŶƚƌŝĞƐƚŽďƵŝůĚŝŶƚĞƌŶĂƟŽŶĂůƉĂƌƚŶĞƌƐŚŝƉƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞŝƌĨŽƌĞƐƚƐĂŶĚƉƌŽŵŽƚĞƚŚĞĂĚŽƉƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐ

ƵƌƌĞŶƚůLJ ŝƐĨŽĐƵƐŝŶŐŽŶŽůŽŵďŝĂǁŚĞƌĞƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐŚĂǀĞĚĞǀĞůŽƉĞĚĂƐƚƌŽŶŐƉĂƌƚŶĞƌƐŚŝƉŽŶĨŽƌĞƐƚƌLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚdŚĞĞīŽƌƚŝƐĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂůĂƌŐĞͲƐĐĂůĞŝŶǀĞƐƚŵĞŶƚƉůĂŶĂŶĚĨƵŶĚŝŶŐŵĞĐŚĂŶŝƐŵƚŽƐƵƉƉŽƌƚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐĞŶŐĂŐĞŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚŽƉƟŽŶƐŝŶƚŚĞŽůŽŵďŝĂŶŵĂnjŽŶZĞŐŝŽŶ

ŝƐƉĂƌƚŶĞƌŝŶŐǁŝƚŚŽůŽŵďŝĂ ƐDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂŶĚ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚD^ͿƚŽĂƐƐĞƐƐƚŚĞĨĞĂƐŝďŝůŝƚLJŽĨƚŚĞƉůĂŶĂŶĚĮŶĂŶĐŝŶŐǀĞŚŝĐůĞdŚĞŝŶŝƟĂƟǀĞĂŝŵƐƚŽŐĞŶĞƌĂƚĞƉĂLJŵĞŶƚƐĨƌŽŵĚŽŶŽƌƐŝŶƚŚĞƌĂŶŐĞŽĨΨϭϬϬŵŝůůŝŽŶƚŽΨϭϱϬŵŝůůŝŽŶƉĞƌLJĞĂƌƚŽĐŽŵƉĞŶƐĂƚĞĨŽƌƚŚĞĐŽƵŶƚƌLJ ƐƌĞĚƵĐĞĚĚĞĨŽƌĞƐƚĂƟŽŶƵƉƚŽnjĞƌŽŶĞƚŐŽĂůďLJϮϬϮϬŶƚŚĞĐŽŵŝŶŐLJĞĂƌƐŚŽƉĞƐƚŽĨƵƌƚŚĞƌĐŽůůĂďŽƌĂƚĞǁŝƚŚD^ƚŽŝĚĞŶƟĨLJůŝŶŬĂŐĞƐǁŝƚŚƚŚĞůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJƚŚĂƚŽůŽŵďŝĂŚĂƐĂůƌĞĂĚLJĚĞǀĞůŽƉĞĚ

ŶϮϬϭϯĂĐƟǀĞůLJĞŶŐĂŐĞĚŽƚŚĞƌŬĞLJŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐƚŽĞdžƉůŽƌĞƚŚĞƉŽƚĞŶƟĂůƚŽĨƵƌƚŚĞƌŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĐŽƵŶƚƌLJ ƐďƌŽĂĚĞƌĞĐŽŶŽŵŝĐƉůĂŶŶŝŶŐŶƉĂƌƟĐƵůĂƌ ŝƐŝŶƚŚĞĞĂƌůLJƐƚĂŐĞƐŽĨĚĞǀĞůŽƉŝŶŐĂŶĂŐĞŶĚĂŽĨǁŽƌŬǁŝƚŚƚŚĞEĂƟŽŶĂůWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚƚŽǁĂƌĚŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐŶĂƟŽŶĂůŐƌŽǁƚŚĂŶĚƐŽĐŝĂůŝŶĚŝĐĂƚŽƌƐĂŶĚŝŶƚŽŬĞLJƐĞĐƚŽƌƐ

17

Mexico

Focus Climate Change Adaptation

Urban Development and Transport

ĂƐƐŝƐƚĞĚƚŚĞDŝŶŝƐƚƌLJŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚ^DZEdͿŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨĐŽůŽŐLJĂŶĚůŝŵĂƚĞŚĂŶŐĞEͿƚŽĞdžƉĂŶĚƚŚĞƐĐŽƉĞŽĨDĞdžŝĐŽ ƐEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞ^ƚƌĂƚĞŐLJdŚŝƐǁĂƐĂĐŚŝĞǀĞĚƉƌŝŵĂƌŝůLJďLJŚĞůƉŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐůŝŵĂƚĞĂĚĂƉƚĂƟŽŶŝŶƚŽƚŚĞƐƚƌĂƚĞŐLJďĂƐĞĚŽŶƌŝƐŬŵĂŶĂŐĞŵĞŶƚƚŚĞĞǀĂůƵĂƟŽŶŽĨƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƟĐĞǀĞŶƚƐŽŶŬĞLJƐĞĐƚŽƌƐŽĨƚŚĞĞĐŽŶŽŵLJ ĂŶĚƚŚĞĂŶĂůLJƐĞƐĂŶĚƉƌŝŽƌŝƟnjĂƟŽŶŽĨĂĚĂƉƚĂƟŽŶĂĐƟŽŶƐŶĂĚĚŝƟŽŶĚĞǀĞůŽƉĞĚĂŵĞƚŚŽĚŽůŽŐLJƚŽŝĚĞŶƟĨLJŵƵŶŝĐŝƉĂůŝƟĞƐƚŚĂƚĂƌĞŵŽƐƚĂƚͲƌŝƐŬƚŽŵĂũŽƌĐůŝŵĂƚĞĞǀĞŶƚƐ

ŶϮϬϭϯĂůƐŽďĞŐĂŶǁŽƌŬŝŶŐǁŝƚŚƚŚĞDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶDĞͿƚŽĚĞǀĞůŽƉĂĨƌĂŵĞǁŽƌŬĨŽƌƌĞŐŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐdŚĞDĞƌĞƉƌĞƐĞŶƚƐĂŶŽǀĞůĂƉƉƌŽĂĐŚƚŽƚĂĐŬůŝŶŐĐƌŽƐƐͲũƵƌŝƐĚŝĐƟŽŶĂůĐŚĂůůĞŶŐĞƐĂŶĚŚĂƐďĞĞŶŐŝǀĞŶƚŚĞŵĂŶĚĂƚĞŽĨŽǀĞƌƐĞĞŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂĐƌŽƐƐϲƐƚĂƚĞƐŝŶĐĞŶƚƌĂůDĞdžŝĐŽƚŚĂƚƚŽŐĞƚŚĞƌĂĐĐŽƵŶƚĨŽƌĂďŽƵƚĂƚŚŝƌĚŽĨƚŚĞĐŽƵŶƚƌLJ ƐƉŽƉƵůĂƟŽŶŚĂƐŚĞůƉĞĚĂƐƐĞƐƐĂŶĚĚĞƐŝŐŶƉŽůŝĐŝĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶƚĂdžĞƐŽŶŐĂƐŽůŝŶĞĂŶĚǀĞŚŝĐůĞŽǁŶĞƌƐŚŝƉĂŶĚĐŽͲnjŽŶĞƐǁŝƚŚƌĞƐƚƌŝĐƚĞĚŵŽǀĞŵĞŶƚŽĨǀĞŚŝĐůĞƐ

Peru

Focus Forestry Competitiveness

WĞƌƵ ƐĨŽƌĞƐƚƐĞĐƚŽƌŚĂƐďĞĞŶƵŶĚĞƌŐŽŝŶŐĚƌĂŵĂƟĐĐŚĂŶŐĞŽǀĞƌƚŚĞƉĂƐƚƚŚƌĞĞLJĞĂƌƐǁŝƚŚĂƐĞƌŝĞƐŽĨŶĞǁƉŽůŝĐŝĞƐĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁampŽƌĞƐƚƌLJ^ĞƌǀŝĐĞĂŶĚampŽƌĞƐƚƌLJDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵŝƐŚĞůƉŝŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽŝƚƐEĂƟŽŶĂůampŽƌĞƐƚƌLJĂŶĚtŝůĚůŝĨĞWůĂŶEamptWͿŶϮϬϭϯŚĞůƉĞĚĞƐƚĂďůŝƐŚĂĐƌŽƐƐͲŵŝŶŝƐƚĞƌŝĂůƚĞĐŚŶŝĐĂůĐŽŵŵŝƩĞĞĂŶĚĂĚǀŝƐŽƌLJŐƌŽƵƉŐĂǀĞƚĞĐŚŶŝĐĂůĂƐƐŝƐƚĂŶĐĞŽŶƚŚĞĐŽŶƚĞŶƚŽĨƚŚĞEamptW ĂŶĚĐŽŶǀĞŶĞĚƐƚĂŬĞŚŽůĚĞƌƐƚŽĐŽŶƐŝĚĞƌĂŶĚƉƌŝŽƌŝƟnjĞŐƌĞĞŶŐƌŽǁƚŚŽďũĞĐƟǀĞƐĨŽƌƚŚĞĨŽƌĞƐƚƐĞĐƚŽƌ ŶϮϬϭϯĂůƐŽďĞŐĂŶƐƵƉƉŽƌƟŶŐƚŚĞEĂƟŽŶĂůŽŵƉĞƟƟǀĞŶĞƐƐŽƵŶĐŝůƚŽŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐŝŶƚŽŝƚƐƐƚƌĂƚĞŐLJĨŽƌŶĂƟŽŶĂůĐŽŵƉĞƟƟǀĞŶĞƐƐƚŚƌŽƵŐŚƚĞĐŚŶŝĐĂůŝŶƉƵƚƐĂŶĚĂƐĞƌŝĞƐŽĨǁŽƌŬƐŚŽƉƐ

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

10

ĂŶƵĂƌLJ ^ĞĐŽŶĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶďƵŚĂďŝ

ltŽƌĞĂƐŝŐŶĞĚƚŚĞĞĂĚƋƵĂƌƚĞƌƐĂŐƌĞĞŵĞŶƚĂŐƌĞĞŝŶŐƚŽŚŽƐƚĂŶĚƌĞĐŽŐŶŝnjĞĂƐĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶǁŝƚŚĂŶŝŶƚĞƌŶĂƟŽŶĂůůĞŐĂůƉĞƌƐŽŶĂůŝƚLJ

March ĂŵďŽĚŝĂYĂƚĂƌ WĂƉƵĂEĞǁƵŝŶĞĂZĂƟĨLJƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

Ɖƌŝů ampŽƌŵĞƌƵƐƚƌĂůŝĂŶŵďĂƐƐĂĚŽƌ ŽǁĂƌĚĂŵƐĞLJ ĂƉƉŽŝŶƚĞĚƚŽůĞĂĚĨŽƌŽŶĞLJĞĂƌƚĞƌŵ

DĂLJ dŚĞhŶŝƚĞĚltŝŶŐĚŽŵƌĂƟĮĞĚƚŚĞƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

ƵŶĞ DŽŶŐŽůŝĂĂŶĚZǁĂŶĚĂďĞĐĂŵĞŵĞŵďĞƌƐŽĨ

dŚŝƌĚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

ǁĂƐŐƌĂŶƚĞĚKĸĐŝĂůĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞKͿĞůŝŐŝďŝůŝƚLJƐƚĂƚƵƐďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚʹĞǀĞůŽƉŵĞŶƚƐƐŝƐƚĂŶĐĞŽŵŵŝƩĞĞKͲͿũŽŝŶŝŶŐĂŶƐĞůĞĐƚŐƌŽƵƉŽĨŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŚŽƐĞĐŽŶƚƌŝďƵƟŽŶƐĨƌŽŵĚŽŶŽƌŶĂƟŽŶƐĂƌĞĐŽŶƐŝĚĞƌĞĚK

ƵŐƵƐƚ EŽƌǁĂLJƌĂƟĮĞĚƐƚĂďůŝƐŚŵĞŶƚŐƌĞĞŵĞŶƚ

November ǁĂƐŐŝǀĞŶŽďƐĞƌǀĞƌƐƚĂƚƵƐĂƚƐĞƐƐŝŽŶƐŽĨƚŚĞŽŶĨĞƌĞŶĐĞŽĨWĂƌƟĞƐKWͿŽĨƚŚĞhŶŝƚĞĚEĂƟŽŶƐampƌĂŵĞǁŽƌŬŽŶǀĞŶƟŽŶŽŶůŝŵĂƚĞŚĂŶŐĞhEampͿ

December dŚĞŽƌŐĂŶŝnjĂƟŽŶ Ɛ^ŽŶŐĚŽůŝĂŝƐŽŶŽĸĐĞǁĂƐŽƉĞŶĞĚĂƐĂǀĞŶƵĞĨŽƌŝŶƚĞƌŶĂƟŽŶĂůĐŽŽƉĞƌĂƟŽŶĂŶĚĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚŵƵůƟůĂƚĞƌĂůŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚŚĞƌĞĞŶůŝŵĂƚĞampƵŶĚampͿĂƐǁĞůůĂƐĨŽƌƐƉĞĐŝĂůŝnjĞĚƚƌĂŝŶŝŶŐĂŶĚĐĂƉĂĐŝƚLJͲďƵŝůĚŝŶŐĂĐƟǀŝƟĞƐĂŶĚŚŝŐŚͲůĞǀĞůŐŽǀĞƌŶĂŶĐĞĂĐƟǀŝƟĞƐ

dŚĞampŽƵƌƚŚ^ĞƐƐŝŽŶŽĨƚŚĞŽƵŶĐŝůǁĂƐŚĞůĚŝŶ^ŽŶŐĚŽltŽƌĞĂ

dŚĞhŶŝƚĞĚEĂƟŽŶƐĞŶĞƌĂůƐƐĞŵďůLJĂĚŽƉƚĞĚĂƌĞƐŽůƵƟŽŶŐƌĂŶƟŶŐƚŚĞŽďƐĞƌǀĞƌƐƚĂƚƵƐǁŚŝĐŚŐŝǀĞƐƚŚĞƌŝŐŚƚƚŽƐƉĞĂŬĂƚĞŶĞƌĂůƐƐĞŵďůLJŵĞĞƟŶŐƐĂŶĚƐƉŽŶƐŽƌĂŶĚƐŝŐŶƌĞƐŽůƵƟŽŶƐŝƐĂůƐŽďĞĂďůĞƚŽĐĂƐƚƉƌŽĐĞĚƵƌĂůǀŽƚĞƐ

Institutional Milestones

11

June - Global Green Growth Summit 2013

dŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚǁĂƐŚĞůĚŝŶƵŶĞϮϬϭϯŝŶ^ŽŶŐĚŽŶĐŚĞŽŶŝƚLJ ZĞƉƵďůŝĐŽĨltŽƌĞĂdŚĞƚŚŝƌĚĂŶŶƵĂů^ƵŵŵŝƚĨŽĐƵƐĞĚŽŶƚŚĞŶĞdžƵƐďĞƚǁĞĞŶĮŶĂŶĐĞŝŶŶŽǀĂƟŽŶĂŶĚƉŽůŝĐLJ ƉƌŽǀŝĚŝŶŐĂƵŶŝƋƵĞƉůĂƞŽƌŵĨŽƌŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞŝŶĂĐĐĞůĞƌĂƟŶŐƚŚĞƚƌĂŶƐŝƟŽŶƚŽĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJ

dŚĞ^ƵŵŵŝƚƉůĂĐĞĚĞŵƉŚĂƐŝƐŽŶƚĂŬŝŶŐŝŶŶŽǀĂƟǀĞĂƉƉƌŽĂĐŚĞƐƚŽďůĞŶĚƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐĮŶĂŶĐĞĂĚǀĂŶĐĞƚĞĐŚŶŽůŽŐLJĚĞƉůŽLJŵĞŶƚĂƚƐĐĂůĞĂŶĚĚƌŝǀĞĂŶĞƌĂŽĨĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚĂƚƐƚƌŝǀĞƐĨŽƌĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶĞĐŽŶŽŵLJƚƌĂŶƐŝƟŽŶ^ĞĐƵƌŝŶŐŝŶǀĞƐƚŵĞŶƚƐĚĞůŝǀĞƌŝŶŐƚŚĞƌĞƋƵŝƌĞĚĮŶĂŶĐŝŶŐĂŶĚŝŶƐƟƚƵƟŽŶĂůŝŶŶŽǀĂƟŽŶƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞŝŶǀŽůǀĞŵĞŶƚŽĨĮƐĐĂůŝŶƐƚƌƵŵĞŶƚƐǁĞƌĞƚŚĞĐŽƌĞƚŽƉŝĐƐĚŝƐĐƵƐƐĞĚĂƚƐĞƐƐŝŽŶƐ

ŵŽŶŐƚŚĞŬĞLJƐƉĞĂŬĞƌƐĂŶĚƉĂƌƟĐŝƉĂŶƚƐǁĞƌĞDƌ ŚĂƌƌĂƚĂŐĚĞŽWƌĞƐŝĚĞŶƚŽĨƚŚĞƐƐĞŵďůLJ ĂŶĚampŽƌŵĞƌWƌĞƐŝĚĞŶƚŽͲŽƉĞƌĂƟǀĞZĞƉƵďůŝĐŽĨƵLJĂŶĂDƌ ƵĂŶŽƐĠƵĞƌƌĂDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚEĂƚƵƌĂůZĞƐŽƵƌĐĞƐhŶŝƚĞĚDĞdžŝĐĂŶ^ƚĂƚĞƐƌ DŽŬDĂƌĞƚŚ^ĞŶŝŽƌDŝŶŝƐƚĞƌĂŶĚDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚltŝŶŐĚŽŵŽĨĂŵďŽĚŝĂƌ ^ĂŶũĂĂƐƵƌĞŶKLJƵŶDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚDŽŶŐŽůŝĂƌ ƌ ŶĚĂŚDƵƌŶŝŶŝŶŐƚLJĂƐĞƉƵƚLJDŝŶŝƐƚĞƌĂŶĚĞĂĚŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞĂŶĚŶǀŝƌŽŶŵĞŶƚ^ƚĂƚĞDŝŶŝƐƚƌLJŽĨEĂƟŽŶĂůĞǀĞůŽƉŵĞŶƚWůĂŶŶŝŶŐWWE^ͿDƌ DŝĐŚĂĞůgtŝĞďƌĞŝĐŚŚŝĞĨdžĞĐƵƟǀĞůŽŽŵďĞƌŐEĞǁŶĞƌŐLJampŝŶĂŶĐĞƌ ƆƌŐĞŶZĂŶĚĞƌƐWƌŽĨĞƐƐŽƌŽĨůŝŵĂƚĞ^ƚƌĂƚĞŐLJ EŽƌǁĞŐŝĂŶƵƐŝŶĞƐƐ^ĐŚŽŽůĂŶĚƚŽ^ŝůĞƐŚŝĞƚĂŚƵŶ^ƚĂƚĞDŝŶŝƐƚĞƌŽĨŐƌŝĐƵůƚƵƌĞampĞĚĞƌĂůĞŵŽĐƌĂƟĐZĞƉƵďůŝĐŽĨƚŚŝŽƉŝĂ

ampŽƌŵŽƌĞŽŶ^ϮϬϭϯƉůĞĂƐĞǀŝƐŝƚŚƩƉŐŐŐƐƵŵŵŝƚŽƌŐ

12

Our carbon emissions in 2013

ƐƉĂƌƚŽĨ ƐĐŽƌƉŽƌĂƚĞƐŽĐŝĂůƌĞƐƉŽŶƐŝďŝůŝƚLJ ǁĞŵĞĂƐƵƌĞĚŽƵƌĐĂƌďŽŶĨŽŽƚƉƌŝŶƚŝŶϮϬϭϯĨƌŽŵŽƵƌƚǁŽůĂƌŐĞƐƚƐŽƵƌĐĞƐŽĨĞŵŝƐƐŝŽŶƐͲĂŝƌƚƌĂǀĞůĂŶĚďƵŝůĚŝŶŐƵƐĞŝƌƚƌĂǀĞůŝŶĐůƵĚĞĚƐƚĂīĂŶĚŶŽŶͲƐƚĂīĐŽŶƐƵůƚĂŶƚƐƌĞƐĞĂƌĐŚĨĞůůŽǁƐĞƚĐͿƚƌĂǀĞůĂƐǁĞůůĂƐŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐĮŶĂŶĐĞĚďLJŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐƐŽŶůLJŝŶĐůƵĚĞĚĞůĞĐƚƌŝĐŝƚLJƵƐĞĨƌŽŵŚĞĂĚƋƵĂƌƚĞƌƐŝŶ^ĞŽƵů

Building 10

Air travel90

GGGI Carbon Emissions in 2013

tCO2

Building (HQ only) 88Air Travel 793Total (tCO2) 881

HQ (Seoul) 50

London10

Meeting participants

21

Copenhagen2

Abu Dhabi2

Other non-staff (Consultants etc)

6

Project offices

9

GGGI Carbon Emissions from Air

Travel in 2013

tCO2

HQ (Seoul) 392London 77Copenhagen 16Abu Dhabi 19Project offices 73Other non-staff(Consultants etc) 50Meeting participants 166Total (tCO2) 793

Towards a carbon-lean GGGI

13

Towards a carbon-lean GGGI

ƚŽƚĂůŽĨϴϴϭƚŽŶƐŽĨKϮƚKϮͿǁĂƐĞŵŝƩĞĚďLJŝŶϮϬϭϯϵϬйŽĨǁŚŝĐŚĐĂŵĞĨƌŽŵĂŝƌƚƌĂǀĞůĂŶĚƚŚĞƌĞŵĂŝŶŝŶŐϭϬйĨƌŽŵďƵŝůĚŝŶŐĞůĞĐƚƌŝĐŝƚLJƵƐĞ

ƐŽǀĞƌϳϬйŽĨƐƚĂīŵĞŵďĞƌƐĂƌĞĐƵƌƌĞŶƚůLJďĂƐĞĚŝŶ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐƚŚĞůĂƌŐĞƐƚƐŚĂƌĞϱϬйͿŽĨĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐĐĂŵĞĨƌŽŵƐƚĂīďĂƐĞĚŝŶ^ĞŽƵůǁŚŝůĞƐƚĂīƚƌĂǀĞůĨƌŽŵŶŽŶͲŚĞĂĚƋƵĂƌƚĞƌďĂƐĞĚŽĸĐĞƐĂĐĐŽƵŶƚĞĚĨŽƌϮϯйDĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐƐƵƉƉŽƌƚĞĚďLJĂƩĞŶĚŝŶŐŵĂũŽƌĞǀĞŶƚƐƐƵĐŚĂƐŽƵŶĐŝůƐĞƐƐŝŽŶƐĂŶĚƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚĂŵŽƵŶƚĞĚƚŽϭϲϲƚKϮǁŚŝĐŚĂĐĐŽƵŶƚĞĚĨŽƌϮϭйŽĨƚŽƚĂůĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐ

Methodology used

ƐĐĂůĐƵůĂƟŽŶŽĨŽƵƌĐĂƌďŽŶĞŵŝƐƐŝŽŶƐĨŽůůŽǁĞĚƚŚĞƉƌŝŶĐŝƉůĞƐĨƌŽŵƚŚĞƌĞĞŶŚŽƵƐĞĂƐWƌŽƚŽĐŽůĚĞǀĞůŽƉĞĚďLJƚŚĞtŽƌůĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞtZͿĂŶĚƚŚĞtŽƌůĚƵƐŝŶĞƐƐŽƵŶĐŝůĨŽƌ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚt^ͿĂƌďŽŶĞŵŝƐƐŝŽŶĨŽƌĂŝƌƚƌĂǀĞůǁĞƌĞĐĂƉƚƵƌĞĚďĂƐĞĚŽŶDŝƐƐŝŽŶZĞƋƵĞƐƚƐƐƵďŵŝƩĞĚďLJƐƚĂīŝŶϮϬϭϯĂŶĚůŝƐƚƐƉƌŽǀŝĚĞĚďLJƚŚĞǀĞŶƚƐƚĞĂŵĨŽƌŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐKĂƌďŽŶŵŝƐƐŝŽŶƐĂůĐƵůĂƚŽƌsĞƌƐŝŽŶϮϲͿǁĂƐƵƐĞĚĨŽƌĐĂůĐƵůĂƟŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶĨƌŽŵĂŝƌƚƌĂǀĞůƐĨŽƌĞŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐĞŶĞƌŐLJƵƐĞƚŚĞĐĂůĐƵůĂƟŽŶŽŶůLJŝŶĐůƵĚĞĚƉƵƌĐŚĂƐĞĚĞůĞĐƚƌŝĐŝƚLJĨƌŽŵ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐĂƐŽƚŚĞƌŽĸĐĞƐĚŝĚŶŽƚŚĂǀĞƚŚĞƌĞƋƵŝƌĞĚĚĂƚĂŝŶϮϬϭϯ

Looking ahead

ƐƚƌŝǀĞƐƚŽǁĂůŬƚŚĞƚĂůŬĂŶĚďĞĐŽŵĞĂĐĂƌďŽŶͲůĞĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶtĞǁŝůůƵƐĞϮϬϭϯĐĂƌďŽŶĚĂƚĂĂƐĂďĂƐĞůŝŶĞƚŽƐĞĞŚŽǁďĞƐƚƚŽƌĞĚƵĐĞŽƵƌĞŵŝƐƐŝŽŶƐĞƐƉĞĐŝĂůůLJĨƌŽŵĂŝƌƚƌĂǀĞůĞŝƚŚĞƌƚŚƌŽƵŐŚďƵŶĚůŝŶŐŵŝƐƐŝŽŶƐŽƌŵŽƌĞĞīĞĐƟǀĞƵƐĞŽĨǀŝĚĞŽĐŽŶĨĞƌĞŶĐŝŶŐŽƌŽƚŚĞƌŽŶůŝŶĞŵĞĂŶƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶtŚŝůĞĨŽĐƵƐǁŝůůďĞŐŝǀĞŶƚŽƌĞĚƵĐŝŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶŝŶŽƵƌĚĂLJͲƚŽͲĚĂLJŽƉĞƌĂƟŽŶƐǁŝůůŝŶƉĂƌĂůůĞůĞdžƉůŽƌĞŵŽĚĂůŝƟĞƐĨŽƌƉƵƌĐŚĂƐŝŶŐĐĂƌďŽŶŽīƐĞƚƐĨŽƌƵŶĂǀŽŝĚĂďůĞĞŵŝƐƐŝŽŶƐƚŽďĞĐŽŵĞĂĐĂƌďŽŶͲŶĞƵƚƌĂůŽƌŐĂŶŝnjĂƟŽŶ

14

ŚĂƐϯϰƉƌŽŐƌĂŵƐŝŶϮϬĐŽƵŶƚƌŝĞƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŵƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞŝƌƌĞŐŝŽŶĂůŽƌŶĂƟŽŶĂůĞĐŽŶŽŵŝĐŐŽĂůƐ

ƚLJƉŝĐĂůĐŽƵŶƚƌLJƉƌŽŐƌĂŵĐŽŶƐŝƐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶWͿĂŶĂůLJƐŝƐĂŶĚĚĞƐŝŐŶĚŽŵĞƐƟĐĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉƚŽƐƵƉƉŽƌƚWŝŵƉůĞŵĞŶƚĂƟŽŶ

ƐƉƌŽũĞĐƚĐLJĐůĞƐƚĂƌƚƐĨƌŽŵƵŶĚĞƌƐƚĂŶĚŝŶŐĂŐŝǀĞŶĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚŽďũĞĐƟǀĞƐĂŶĚƚŽƚŚĞŶĂƐƐĞƐƐƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŽĂĐŚŝĞǀĞƚŚĞŵtĞĚŽƚŚŝƐďLJĐŽŶĚƵĐƟŶŐƌŝŐŽƌŽƵƐƐĞĐƚŽƌͲďLJͲƐĞĐƚŽƌ ĂŶĂůLJƐŝƐĂŶĚďLJƉƌŝŽƌŝƟnjŝŶŐĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐĂůŽŶŐŵƵůƟƉůĞĚŝŵĞŶƐŝŽŶƐƚŚĂƚƌĞŇĞĐƚĂĐŽƵŶƚƌLJ ƐŽǁŶƉƌŝŽƌŝƟĞƐdŚŝƐůĞĂĚƐƚŽĚĞǀĞůŽƉŝŶŐŵƵůƟͲƐĞĐƚŽƌ ĐŽŵƉƌĞŚĞŶƐŝǀĞƐƚƌĂƚĞŐŝĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚdŚĞƐĞĂƌĞƚŚĞŶĂƐƐĞƐƐĞĚŝŶƚĞƌŵƐŽĨƚŚĞŝƌĐŽƐƚƐŝŶĐůƵĚŝŶŐƚŚĞŝƌŝŵƉůŝĐĂƟŽŶƐĨŽƌƚŚĞǁŝĚĞƌĞĐŽŶŽŵLJampŝŶĂůůLJďƵŝůĚŝŶŐŽŶŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞƐƵƉƉŽƌƚƐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂƉƉƌŽƉƌŝĂƚĞŝŶƐƟƚƵƟŽŶĂůĨƌĂŵĞǁŽƌŬƐƚŽŝŵƉůĞŵĞŶƚƐƵĐŚƐƚƌĂƚĞŐŝĞƐĂŶĚĞǀĞŶƚƵĂůůLJŚĞůƉƐĐŽƵŶƚƌŝĞƐƚƌĂŶƐĨŽƌŵƚŚĞƐƚƌĂƚĞŐŝĞƐŝŶƚŽƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐƚŚĂƚĐĂŶĂƩƌĂĐƚĨƵŶĚŝŶŐĨƌŽŵƚŚĞƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞƐĞĐƚŽƌ

ƐĐƵƌƌĞŶƚŽƉĞƌĂƟŽŶƐƐƉĂŶĂĐƌŽƐƐĂǁŝĚĞƌĂŶŐĞŽĨƐĞĐƚŽƌƐĂŶĚĂĐƟǀŝƟĞƐampƌŽŵƐƵƉƉŽƌƟŶŐĂŶĂƟŽŶĂůĨŽƌĞƐƚƉůĂŶŝŶWĞƌƵƚŽĐŽůůĂďŽƌĂƟŶŐǁŝƚŚƚŚŝŽƉŝĂŽŶĂĐůŝŵĂƚĞƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJampƌŽŵŚĞůƉŝŶŐƚŽƐƚƌĞŶŐƚŚĞŶƐƚĂƚĞͲůĞǀĞůĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐŝŶltĂƌŶĂƚĂŬĂŶĚŝĂͿƚŽǁŽƌŬŝŶŐǁŝƚŚƚŚĞŶĞǁDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶŝŶDĞdžŝĐŽŽŶƉƌŝŽƌŝƟĞƐĨŽƌĂŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƚŚĂƚŚĂƐƚŚĞƉŽƚĞŶƟĂůƚŽŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŽƌĞƚŚĂŶϯϬŵŝůůŝŽŶƉĞŽƉůĞ

ŶϮϬϭϯŝŶǀĞƐƚĞĚŚĞĂǀŝůLJŝŶŽŶͲƚŚĞͲŐƌŽƵŶĚĞdžƉĞƌƚƐƚŽĂĚǀŝƐĞƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐŽŶƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚƐƚĂƌƚĞĚŵŽǀŝŶŐŝƚƐƚĞĂŵƐƚŽďĞďĂƐĞĚŝŶƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĞdžƉĞƌƚƐŚĂǀĞďĞĞŶǁŽƌŬŝŶŐĐůŽƐĞůLJǁŝƚŚŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐĂŶĚĂŐĞŶĐŝĞƐŝŶŽƌĚĞƌƚŽŐĂŝŶĂŶŝŶͲĚĞƉƚŚƵŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚŬŶŽǁůĞĚŐĞŽĨůŽĐĂůƉƌŝŽƌŝƟĞƐdŚŝƐĂƉƉƌŽĂĐŚŚĞůƉƐƵŶĚĞƌƐƚĂŶĚďĞƩĞƌŝƚƐƉĂƌƚŶĞƌƐĂŶĚƚĂŝůŽƌŝƚƐƐƵƉƉŽƌƚĂŶĚĂůƐŽŚĞůƉƐŐŽǀĞƌŶŵĞŶƚƐďƵŝůĚŝŶƚĞƌŶĂůĐĂƉĂĐŝƚLJƚŽĞǀĞŶƚƵĂůůLJĐĂƌƌLJŽƵƚŐƌĞĞŶŐƌŽǁƚŚǁŽƌŬǁŝƚŚŽƵƚƚŚĞĂƐƐŝƐƚĂŶĐĞŽĨŽƵƚƐŝĚĞŐƌŽƵƉƐ

dŚĞĨŽůůŽǁŝŶŐĚĞƚĂŝůƐƚŚĞƐƚĂƚƵƐŝŶϮϬϭϯŽĨ ƐƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƐ

Working on the ground to develop

green growth strategies

Green Growth Planning

and Implementation

Latin America

16

Brazil

Focus Forestry

ampŽůůŽǁŝŶŐƵƉŽŶŝƚƐƐƵƉƉŽƌƚƚŽƌĂnjŝů ƐŶĂƟŽŶĂůĐůŝŵĂƚĞĐŚĂŶŐĞƐƚƌĂƚĞŐLJ ŝƐĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚDŽͿŝŶĚĞǀĞůŽƉŝŶŐĂƐƵƐƚĂŝŶĂďůĞƟŵďĞƌŝŶĚƵƐƚƌLJŝŶƚŚĞŵĂnjŽŶĂƐƉĂƌƚŽĨĂďƌŽĂĚĞƌƉŽůŝĐLJĨƌĂŵĞǁŽƌŬĚĞƐŝŐŶĞĚƚŽƌĞŝŶĨŽƌĐĞƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞƐŽĨĂƌŝŶƚĂĐŬůŝŶŐĚĞĨŽƌĞƐƚĂƟŽŶŝŶƚŚĞŵĂnjŽŶƌĞŐŝŽŶŝƐĐŽŶĐĞŶƚƌĂƟŶŐŝƚƐĞīŽƌƚƐŝŶƚŚĞdĂƉĂũŽƐďĂƐŝŶĂƚƚŚĞĨƌŽŶƟĞƌŽĨĨŽƌĞƐƚĚĞǀĞůŽƉŵĞŶƚŝĚĞŶƟĨLJŝŶŐƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚĂĐƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞĨŽƌĞƐƚŝŶĚƵƐƚƌLJ ƐƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚŐƌŽǁƚŚŶϮϬϭϯĐŽŶĚƵĐƚĞĚĂƐƵƌǀĞLJŽĨĐŽŵƉĂŶŝĞƐŝŶƚŚĞƐĞĐƚŽƌ ƉƌŽǀŝĚŝŶŐƚŚĞĮƌƐƚƚŚŽƌŽƵŐŚĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞďĂƌƌŝĞƌƐĨĂĐĞĚďLJƚŚĞŝŶĚƵƐƚƌLJŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞDŽƚŽŝŶƚĞŐƌĂƚĞƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚŝƐĞdžƉĞƌŝĞŶĐĞŝŶƚŽŶĂƟŽŶĂůƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐ

Case Study Colombia Amazon Basin

ƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚŽůŽŵďŝĂďĞŐĂŶŝŶĞĂƌůLJϮϬϭϯĂƐƉĂƌƚŽĨƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŵĂnjŽŶĂƐŝŶƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƚŝŶŝƟĂůůLJǁĂƐĚĞƐŝŐŶĞĚƚŽĂƐƐŝƐƚŵĂnjŽŶĂƐŝŶĐŽƵŶƚƌŝĞƐƚŽďƵŝůĚŝŶƚĞƌŶĂƟŽŶĂůƉĂƌƚŶĞƌƐŚŝƉƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞŝƌĨŽƌĞƐƚƐĂŶĚƉƌŽŵŽƚĞƚŚĞĂĚŽƉƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐ

ƵƌƌĞŶƚůLJ ŝƐĨŽĐƵƐŝŶŐŽŶŽůŽŵďŝĂǁŚĞƌĞƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐŚĂǀĞĚĞǀĞůŽƉĞĚĂƐƚƌŽŶŐƉĂƌƚŶĞƌƐŚŝƉŽŶĨŽƌĞƐƚƌLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚdŚĞĞīŽƌƚŝƐĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂůĂƌŐĞͲƐĐĂůĞŝŶǀĞƐƚŵĞŶƚƉůĂŶĂŶĚĨƵŶĚŝŶŐŵĞĐŚĂŶŝƐŵƚŽƐƵƉƉŽƌƚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐĞŶŐĂŐĞŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚŽƉƟŽŶƐŝŶƚŚĞŽůŽŵďŝĂŶŵĂnjŽŶZĞŐŝŽŶ

ŝƐƉĂƌƚŶĞƌŝŶŐǁŝƚŚŽůŽŵďŝĂ ƐDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂŶĚ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚD^ͿƚŽĂƐƐĞƐƐƚŚĞĨĞĂƐŝďŝůŝƚLJŽĨƚŚĞƉůĂŶĂŶĚĮŶĂŶĐŝŶŐǀĞŚŝĐůĞdŚĞŝŶŝƟĂƟǀĞĂŝŵƐƚŽŐĞŶĞƌĂƚĞƉĂLJŵĞŶƚƐĨƌŽŵĚŽŶŽƌƐŝŶƚŚĞƌĂŶŐĞŽĨΨϭϬϬŵŝůůŝŽŶƚŽΨϭϱϬŵŝůůŝŽŶƉĞƌLJĞĂƌƚŽĐŽŵƉĞŶƐĂƚĞĨŽƌƚŚĞĐŽƵŶƚƌLJ ƐƌĞĚƵĐĞĚĚĞĨŽƌĞƐƚĂƟŽŶƵƉƚŽnjĞƌŽŶĞƚŐŽĂůďLJϮϬϮϬŶƚŚĞĐŽŵŝŶŐLJĞĂƌƐŚŽƉĞƐƚŽĨƵƌƚŚĞƌĐŽůůĂďŽƌĂƚĞǁŝƚŚD^ƚŽŝĚĞŶƟĨLJůŝŶŬĂŐĞƐǁŝƚŚƚŚĞůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJƚŚĂƚŽůŽŵďŝĂŚĂƐĂůƌĞĂĚLJĚĞǀĞůŽƉĞĚ

ŶϮϬϭϯĂĐƟǀĞůLJĞŶŐĂŐĞĚŽƚŚĞƌŬĞLJŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐƚŽĞdžƉůŽƌĞƚŚĞƉŽƚĞŶƟĂůƚŽĨƵƌƚŚĞƌŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĐŽƵŶƚƌLJ ƐďƌŽĂĚĞƌĞĐŽŶŽŵŝĐƉůĂŶŶŝŶŐŶƉĂƌƟĐƵůĂƌ ŝƐŝŶƚŚĞĞĂƌůLJƐƚĂŐĞƐŽĨĚĞǀĞůŽƉŝŶŐĂŶĂŐĞŶĚĂŽĨǁŽƌŬǁŝƚŚƚŚĞEĂƟŽŶĂůWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚƚŽǁĂƌĚŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐŶĂƟŽŶĂůŐƌŽǁƚŚĂŶĚƐŽĐŝĂůŝŶĚŝĐĂƚŽƌƐĂŶĚŝŶƚŽŬĞLJƐĞĐƚŽƌƐ

17

Mexico

Focus Climate Change Adaptation

Urban Development and Transport

ĂƐƐŝƐƚĞĚƚŚĞDŝŶŝƐƚƌLJŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚ^DZEdͿŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨĐŽůŽŐLJĂŶĚůŝŵĂƚĞŚĂŶŐĞEͿƚŽĞdžƉĂŶĚƚŚĞƐĐŽƉĞŽĨDĞdžŝĐŽ ƐEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞ^ƚƌĂƚĞŐLJdŚŝƐǁĂƐĂĐŚŝĞǀĞĚƉƌŝŵĂƌŝůLJďLJŚĞůƉŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐůŝŵĂƚĞĂĚĂƉƚĂƟŽŶŝŶƚŽƚŚĞƐƚƌĂƚĞŐLJďĂƐĞĚŽŶƌŝƐŬŵĂŶĂŐĞŵĞŶƚƚŚĞĞǀĂůƵĂƟŽŶŽĨƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƟĐĞǀĞŶƚƐŽŶŬĞLJƐĞĐƚŽƌƐŽĨƚŚĞĞĐŽŶŽŵLJ ĂŶĚƚŚĞĂŶĂůLJƐĞƐĂŶĚƉƌŝŽƌŝƟnjĂƟŽŶŽĨĂĚĂƉƚĂƟŽŶĂĐƟŽŶƐŶĂĚĚŝƟŽŶĚĞǀĞůŽƉĞĚĂŵĞƚŚŽĚŽůŽŐLJƚŽŝĚĞŶƟĨLJŵƵŶŝĐŝƉĂůŝƟĞƐƚŚĂƚĂƌĞŵŽƐƚĂƚͲƌŝƐŬƚŽŵĂũŽƌĐůŝŵĂƚĞĞǀĞŶƚƐ

ŶϮϬϭϯĂůƐŽďĞŐĂŶǁŽƌŬŝŶŐǁŝƚŚƚŚĞDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶDĞͿƚŽĚĞǀĞůŽƉĂĨƌĂŵĞǁŽƌŬĨŽƌƌĞŐŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐdŚĞDĞƌĞƉƌĞƐĞŶƚƐĂŶŽǀĞůĂƉƉƌŽĂĐŚƚŽƚĂĐŬůŝŶŐĐƌŽƐƐͲũƵƌŝƐĚŝĐƟŽŶĂůĐŚĂůůĞŶŐĞƐĂŶĚŚĂƐďĞĞŶŐŝǀĞŶƚŚĞŵĂŶĚĂƚĞŽĨŽǀĞƌƐĞĞŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂĐƌŽƐƐϲƐƚĂƚĞƐŝŶĐĞŶƚƌĂůDĞdžŝĐŽƚŚĂƚƚŽŐĞƚŚĞƌĂĐĐŽƵŶƚĨŽƌĂďŽƵƚĂƚŚŝƌĚŽĨƚŚĞĐŽƵŶƚƌLJ ƐƉŽƉƵůĂƟŽŶŚĂƐŚĞůƉĞĚĂƐƐĞƐƐĂŶĚĚĞƐŝŐŶƉŽůŝĐŝĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶƚĂdžĞƐŽŶŐĂƐŽůŝŶĞĂŶĚǀĞŚŝĐůĞŽǁŶĞƌƐŚŝƉĂŶĚĐŽͲnjŽŶĞƐǁŝƚŚƌĞƐƚƌŝĐƚĞĚŵŽǀĞŵĞŶƚŽĨǀĞŚŝĐůĞƐ

Peru

Focus Forestry Competitiveness

WĞƌƵ ƐĨŽƌĞƐƚƐĞĐƚŽƌŚĂƐďĞĞŶƵŶĚĞƌŐŽŝŶŐĚƌĂŵĂƟĐĐŚĂŶŐĞŽǀĞƌƚŚĞƉĂƐƚƚŚƌĞĞLJĞĂƌƐǁŝƚŚĂƐĞƌŝĞƐŽĨŶĞǁƉŽůŝĐŝĞƐĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁampŽƌĞƐƚƌLJ^ĞƌǀŝĐĞĂŶĚampŽƌĞƐƚƌLJDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵŝƐŚĞůƉŝŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽŝƚƐEĂƟŽŶĂůampŽƌĞƐƚƌLJĂŶĚtŝůĚůŝĨĞWůĂŶEamptWͿŶϮϬϭϯŚĞůƉĞĚĞƐƚĂďůŝƐŚĂĐƌŽƐƐͲŵŝŶŝƐƚĞƌŝĂůƚĞĐŚŶŝĐĂůĐŽŵŵŝƩĞĞĂŶĚĂĚǀŝƐŽƌLJŐƌŽƵƉŐĂǀĞƚĞĐŚŶŝĐĂůĂƐƐŝƐƚĂŶĐĞŽŶƚŚĞĐŽŶƚĞŶƚŽĨƚŚĞEamptW ĂŶĚĐŽŶǀĞŶĞĚƐƚĂŬĞŚŽůĚĞƌƐƚŽĐŽŶƐŝĚĞƌĂŶĚƉƌŝŽƌŝƟnjĞŐƌĞĞŶŐƌŽǁƚŚŽďũĞĐƟǀĞƐĨŽƌƚŚĞĨŽƌĞƐƚƐĞĐƚŽƌ ŶϮϬϭϯĂůƐŽďĞŐĂŶƐƵƉƉŽƌƟŶŐƚŚĞEĂƟŽŶĂůŽŵƉĞƟƟǀĞŶĞƐƐŽƵŶĐŝůƚŽŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐŝŶƚŽŝƚƐƐƚƌĂƚĞŐLJĨŽƌŶĂƟŽŶĂůĐŽŵƉĞƟƟǀĞŶĞƐƐƚŚƌŽƵŐŚƚĞĐŚŶŝĐĂůŝŶƉƵƚƐĂŶĚĂƐĞƌŝĞƐŽĨǁŽƌŬƐŚŽƉƐ

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

11

June - Global Green Growth Summit 2013

dŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚǁĂƐŚĞůĚŝŶƵŶĞϮϬϭϯŝŶ^ŽŶŐĚŽŶĐŚĞŽŶŝƚLJ ZĞƉƵďůŝĐŽĨltŽƌĞĂdŚĞƚŚŝƌĚĂŶŶƵĂů^ƵŵŵŝƚĨŽĐƵƐĞĚŽŶƚŚĞŶĞdžƵƐďĞƚǁĞĞŶĮŶĂŶĐĞŝŶŶŽǀĂƟŽŶĂŶĚƉŽůŝĐLJ ƉƌŽǀŝĚŝŶŐĂƵŶŝƋƵĞƉůĂƞŽƌŵĨŽƌŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞŝŶĂĐĐĞůĞƌĂƟŶŐƚŚĞƚƌĂŶƐŝƟŽŶƚŽĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJ

dŚĞ^ƵŵŵŝƚƉůĂĐĞĚĞŵƉŚĂƐŝƐŽŶƚĂŬŝŶŐŝŶŶŽǀĂƟǀĞĂƉƉƌŽĂĐŚĞƐƚŽďůĞŶĚƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐĮŶĂŶĐĞĂĚǀĂŶĐĞƚĞĐŚŶŽůŽŐLJĚĞƉůŽLJŵĞŶƚĂƚƐĐĂůĞĂŶĚĚƌŝǀĞĂŶĞƌĂŽĨĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚĂƚƐƚƌŝǀĞƐĨŽƌĂŶŝŶĐůƵƐŝǀĞŐƌĞĞŶĞĐŽŶŽŵLJƚƌĂŶƐŝƟŽŶ^ĞĐƵƌŝŶŐŝŶǀĞƐƚŵĞŶƚƐĚĞůŝǀĞƌŝŶŐƚŚĞƌĞƋƵŝƌĞĚĮŶĂŶĐŝŶŐĂŶĚŝŶƐƟƚƵƟŽŶĂůŝŶŶŽǀĂƟŽŶƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞŝŶǀŽůǀĞŵĞŶƚŽĨĮƐĐĂůŝŶƐƚƌƵŵĞŶƚƐǁĞƌĞƚŚĞĐŽƌĞƚŽƉŝĐƐĚŝƐĐƵƐƐĞĚĂƚƐĞƐƐŝŽŶƐ

ŵŽŶŐƚŚĞŬĞLJƐƉĞĂŬĞƌƐĂŶĚƉĂƌƟĐŝƉĂŶƚƐǁĞƌĞDƌ ŚĂƌƌĂƚĂŐĚĞŽWƌĞƐŝĚĞŶƚŽĨƚŚĞƐƐĞŵďůLJ ĂŶĚampŽƌŵĞƌWƌĞƐŝĚĞŶƚŽͲŽƉĞƌĂƟǀĞZĞƉƵďůŝĐŽĨƵLJĂŶĂDƌ ƵĂŶŽƐĠƵĞƌƌĂDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚEĂƚƵƌĂůZĞƐŽƵƌĐĞƐhŶŝƚĞĚDĞdžŝĐĂŶ^ƚĂƚĞƐƌ DŽŬDĂƌĞƚŚ^ĞŶŝŽƌDŝŶŝƐƚĞƌĂŶĚDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚltŝŶŐĚŽŵŽĨĂŵďŽĚŝĂƌ ^ĂŶũĂĂƐƵƌĞŶKLJƵŶDŝŶŝƐƚĞƌŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚDŽŶŐŽůŝĂƌ ƌ ŶĚĂŚDƵƌŶŝŶŝŶŐƚLJĂƐĞƉƵƚLJDŝŶŝƐƚĞƌĂŶĚĞĂĚŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞĂŶĚŶǀŝƌŽŶŵĞŶƚ^ƚĂƚĞDŝŶŝƐƚƌLJŽĨEĂƟŽŶĂůĞǀĞůŽƉŵĞŶƚWůĂŶŶŝŶŐWWE^ͿDƌ DŝĐŚĂĞůgtŝĞďƌĞŝĐŚŚŝĞĨdžĞĐƵƟǀĞůŽŽŵďĞƌŐEĞǁŶĞƌŐLJampŝŶĂŶĐĞƌ ƆƌŐĞŶZĂŶĚĞƌƐWƌŽĨĞƐƐŽƌŽĨůŝŵĂƚĞ^ƚƌĂƚĞŐLJ EŽƌǁĞŐŝĂŶƵƐŝŶĞƐƐ^ĐŚŽŽůĂŶĚƚŽ^ŝůĞƐŚŝĞƚĂŚƵŶ^ƚĂƚĞDŝŶŝƐƚĞƌŽĨŐƌŝĐƵůƚƵƌĞampĞĚĞƌĂůĞŵŽĐƌĂƟĐZĞƉƵďůŝĐŽĨƚŚŝŽƉŝĂ

ampŽƌŵŽƌĞŽŶ^ϮϬϭϯƉůĞĂƐĞǀŝƐŝƚŚƩƉŐŐŐƐƵŵŵŝƚŽƌŐ

12

Our carbon emissions in 2013

ƐƉĂƌƚŽĨ ƐĐŽƌƉŽƌĂƚĞƐŽĐŝĂůƌĞƐƉŽŶƐŝďŝůŝƚLJ ǁĞŵĞĂƐƵƌĞĚŽƵƌĐĂƌďŽŶĨŽŽƚƉƌŝŶƚŝŶϮϬϭϯĨƌŽŵŽƵƌƚǁŽůĂƌŐĞƐƚƐŽƵƌĐĞƐŽĨĞŵŝƐƐŝŽŶƐͲĂŝƌƚƌĂǀĞůĂŶĚďƵŝůĚŝŶŐƵƐĞŝƌƚƌĂǀĞůŝŶĐůƵĚĞĚƐƚĂīĂŶĚŶŽŶͲƐƚĂīĐŽŶƐƵůƚĂŶƚƐƌĞƐĞĂƌĐŚĨĞůůŽǁƐĞƚĐͿƚƌĂǀĞůĂƐǁĞůůĂƐŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐĮŶĂŶĐĞĚďLJŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐƐŽŶůLJŝŶĐůƵĚĞĚĞůĞĐƚƌŝĐŝƚLJƵƐĞĨƌŽŵŚĞĂĚƋƵĂƌƚĞƌƐŝŶ^ĞŽƵů

Building 10

Air travel90

GGGI Carbon Emissions in 2013

tCO2

Building (HQ only) 88Air Travel 793Total (tCO2) 881

HQ (Seoul) 50

London10

Meeting participants

21

Copenhagen2

Abu Dhabi2

Other non-staff (Consultants etc)

6

Project offices

9

GGGI Carbon Emissions from Air

Travel in 2013

tCO2

HQ (Seoul) 392London 77Copenhagen 16Abu Dhabi 19Project offices 73Other non-staff(Consultants etc) 50Meeting participants 166Total (tCO2) 793

Towards a carbon-lean GGGI

13

Towards a carbon-lean GGGI

ƚŽƚĂůŽĨϴϴϭƚŽŶƐŽĨKϮƚKϮͿǁĂƐĞŵŝƩĞĚďLJŝŶϮϬϭϯϵϬйŽĨǁŚŝĐŚĐĂŵĞĨƌŽŵĂŝƌƚƌĂǀĞůĂŶĚƚŚĞƌĞŵĂŝŶŝŶŐϭϬйĨƌŽŵďƵŝůĚŝŶŐĞůĞĐƚƌŝĐŝƚLJƵƐĞ

ƐŽǀĞƌϳϬйŽĨƐƚĂīŵĞŵďĞƌƐĂƌĞĐƵƌƌĞŶƚůLJďĂƐĞĚŝŶ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐƚŚĞůĂƌŐĞƐƚƐŚĂƌĞϱϬйͿŽĨĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐĐĂŵĞĨƌŽŵƐƚĂīďĂƐĞĚŝŶ^ĞŽƵůǁŚŝůĞƐƚĂīƚƌĂǀĞůĨƌŽŵŶŽŶͲŚĞĂĚƋƵĂƌƚĞƌďĂƐĞĚŽĸĐĞƐĂĐĐŽƵŶƚĞĚĨŽƌϮϯйDĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐƐƵƉƉŽƌƚĞĚďLJĂƩĞŶĚŝŶŐŵĂũŽƌĞǀĞŶƚƐƐƵĐŚĂƐŽƵŶĐŝůƐĞƐƐŝŽŶƐĂŶĚƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚĂŵŽƵŶƚĞĚƚŽϭϲϲƚKϮǁŚŝĐŚĂĐĐŽƵŶƚĞĚĨŽƌϮϭйŽĨƚŽƚĂůĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐ

Methodology used

ƐĐĂůĐƵůĂƟŽŶŽĨŽƵƌĐĂƌďŽŶĞŵŝƐƐŝŽŶƐĨŽůůŽǁĞĚƚŚĞƉƌŝŶĐŝƉůĞƐĨƌŽŵƚŚĞƌĞĞŶŚŽƵƐĞĂƐWƌŽƚŽĐŽůĚĞǀĞůŽƉĞĚďLJƚŚĞtŽƌůĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞtZͿĂŶĚƚŚĞtŽƌůĚƵƐŝŶĞƐƐŽƵŶĐŝůĨŽƌ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚt^ͿĂƌďŽŶĞŵŝƐƐŝŽŶĨŽƌĂŝƌƚƌĂǀĞůǁĞƌĞĐĂƉƚƵƌĞĚďĂƐĞĚŽŶDŝƐƐŝŽŶZĞƋƵĞƐƚƐƐƵďŵŝƩĞĚďLJƐƚĂīŝŶϮϬϭϯĂŶĚůŝƐƚƐƉƌŽǀŝĚĞĚďLJƚŚĞǀĞŶƚƐƚĞĂŵĨŽƌŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐKĂƌďŽŶŵŝƐƐŝŽŶƐĂůĐƵůĂƚŽƌsĞƌƐŝŽŶϮϲͿǁĂƐƵƐĞĚĨŽƌĐĂůĐƵůĂƟŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶĨƌŽŵĂŝƌƚƌĂǀĞůƐĨŽƌĞŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐĞŶĞƌŐLJƵƐĞƚŚĞĐĂůĐƵůĂƟŽŶŽŶůLJŝŶĐůƵĚĞĚƉƵƌĐŚĂƐĞĚĞůĞĐƚƌŝĐŝƚLJĨƌŽŵ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐĂƐŽƚŚĞƌŽĸĐĞƐĚŝĚŶŽƚŚĂǀĞƚŚĞƌĞƋƵŝƌĞĚĚĂƚĂŝŶϮϬϭϯ

Looking ahead

ƐƚƌŝǀĞƐƚŽǁĂůŬƚŚĞƚĂůŬĂŶĚďĞĐŽŵĞĂĐĂƌďŽŶͲůĞĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶtĞǁŝůůƵƐĞϮϬϭϯĐĂƌďŽŶĚĂƚĂĂƐĂďĂƐĞůŝŶĞƚŽƐĞĞŚŽǁďĞƐƚƚŽƌĞĚƵĐĞŽƵƌĞŵŝƐƐŝŽŶƐĞƐƉĞĐŝĂůůLJĨƌŽŵĂŝƌƚƌĂǀĞůĞŝƚŚĞƌƚŚƌŽƵŐŚďƵŶĚůŝŶŐŵŝƐƐŝŽŶƐŽƌŵŽƌĞĞīĞĐƟǀĞƵƐĞŽĨǀŝĚĞŽĐŽŶĨĞƌĞŶĐŝŶŐŽƌŽƚŚĞƌŽŶůŝŶĞŵĞĂŶƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶtŚŝůĞĨŽĐƵƐǁŝůůďĞŐŝǀĞŶƚŽƌĞĚƵĐŝŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶŝŶŽƵƌĚĂLJͲƚŽͲĚĂLJŽƉĞƌĂƟŽŶƐǁŝůůŝŶƉĂƌĂůůĞůĞdžƉůŽƌĞŵŽĚĂůŝƟĞƐĨŽƌƉƵƌĐŚĂƐŝŶŐĐĂƌďŽŶŽīƐĞƚƐĨŽƌƵŶĂǀŽŝĚĂďůĞĞŵŝƐƐŝŽŶƐƚŽďĞĐŽŵĞĂĐĂƌďŽŶͲŶĞƵƚƌĂůŽƌŐĂŶŝnjĂƟŽŶ

14

ŚĂƐϯϰƉƌŽŐƌĂŵƐŝŶϮϬĐŽƵŶƚƌŝĞƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŵƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞŝƌƌĞŐŝŽŶĂůŽƌŶĂƟŽŶĂůĞĐŽŶŽŵŝĐŐŽĂůƐ

ƚLJƉŝĐĂůĐŽƵŶƚƌLJƉƌŽŐƌĂŵĐŽŶƐŝƐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶWͿĂŶĂůLJƐŝƐĂŶĚĚĞƐŝŐŶĚŽŵĞƐƟĐĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉƚŽƐƵƉƉŽƌƚWŝŵƉůĞŵĞŶƚĂƟŽŶ

ƐƉƌŽũĞĐƚĐLJĐůĞƐƚĂƌƚƐĨƌŽŵƵŶĚĞƌƐƚĂŶĚŝŶŐĂŐŝǀĞŶĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚŽďũĞĐƟǀĞƐĂŶĚƚŽƚŚĞŶĂƐƐĞƐƐƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŽĂĐŚŝĞǀĞƚŚĞŵtĞĚŽƚŚŝƐďLJĐŽŶĚƵĐƟŶŐƌŝŐŽƌŽƵƐƐĞĐƚŽƌͲďLJͲƐĞĐƚŽƌ ĂŶĂůLJƐŝƐĂŶĚďLJƉƌŝŽƌŝƟnjŝŶŐĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐĂůŽŶŐŵƵůƟƉůĞĚŝŵĞŶƐŝŽŶƐƚŚĂƚƌĞŇĞĐƚĂĐŽƵŶƚƌLJ ƐŽǁŶƉƌŝŽƌŝƟĞƐdŚŝƐůĞĂĚƐƚŽĚĞǀĞůŽƉŝŶŐŵƵůƟͲƐĞĐƚŽƌ ĐŽŵƉƌĞŚĞŶƐŝǀĞƐƚƌĂƚĞŐŝĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚdŚĞƐĞĂƌĞƚŚĞŶĂƐƐĞƐƐĞĚŝŶƚĞƌŵƐŽĨƚŚĞŝƌĐŽƐƚƐŝŶĐůƵĚŝŶŐƚŚĞŝƌŝŵƉůŝĐĂƟŽŶƐĨŽƌƚŚĞǁŝĚĞƌĞĐŽŶŽŵLJampŝŶĂůůLJďƵŝůĚŝŶŐŽŶŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞƐƵƉƉŽƌƚƐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂƉƉƌŽƉƌŝĂƚĞŝŶƐƟƚƵƟŽŶĂůĨƌĂŵĞǁŽƌŬƐƚŽŝŵƉůĞŵĞŶƚƐƵĐŚƐƚƌĂƚĞŐŝĞƐĂŶĚĞǀĞŶƚƵĂůůLJŚĞůƉƐĐŽƵŶƚƌŝĞƐƚƌĂŶƐĨŽƌŵƚŚĞƐƚƌĂƚĞŐŝĞƐŝŶƚŽƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐƚŚĂƚĐĂŶĂƩƌĂĐƚĨƵŶĚŝŶŐĨƌŽŵƚŚĞƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞƐĞĐƚŽƌ

ƐĐƵƌƌĞŶƚŽƉĞƌĂƟŽŶƐƐƉĂŶĂĐƌŽƐƐĂǁŝĚĞƌĂŶŐĞŽĨƐĞĐƚŽƌƐĂŶĚĂĐƟǀŝƟĞƐampƌŽŵƐƵƉƉŽƌƟŶŐĂŶĂƟŽŶĂůĨŽƌĞƐƚƉůĂŶŝŶWĞƌƵƚŽĐŽůůĂďŽƌĂƟŶŐǁŝƚŚƚŚŝŽƉŝĂŽŶĂĐůŝŵĂƚĞƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJampƌŽŵŚĞůƉŝŶŐƚŽƐƚƌĞŶŐƚŚĞŶƐƚĂƚĞͲůĞǀĞůĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐŝŶltĂƌŶĂƚĂŬĂŶĚŝĂͿƚŽǁŽƌŬŝŶŐǁŝƚŚƚŚĞŶĞǁDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶŝŶDĞdžŝĐŽŽŶƉƌŝŽƌŝƟĞƐĨŽƌĂŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƚŚĂƚŚĂƐƚŚĞƉŽƚĞŶƟĂůƚŽŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŽƌĞƚŚĂŶϯϬŵŝůůŝŽŶƉĞŽƉůĞ

ŶϮϬϭϯŝŶǀĞƐƚĞĚŚĞĂǀŝůLJŝŶŽŶͲƚŚĞͲŐƌŽƵŶĚĞdžƉĞƌƚƐƚŽĂĚǀŝƐĞƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐŽŶƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚƐƚĂƌƚĞĚŵŽǀŝŶŐŝƚƐƚĞĂŵƐƚŽďĞďĂƐĞĚŝŶƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĞdžƉĞƌƚƐŚĂǀĞďĞĞŶǁŽƌŬŝŶŐĐůŽƐĞůLJǁŝƚŚŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐĂŶĚĂŐĞŶĐŝĞƐŝŶŽƌĚĞƌƚŽŐĂŝŶĂŶŝŶͲĚĞƉƚŚƵŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚŬŶŽǁůĞĚŐĞŽĨůŽĐĂůƉƌŝŽƌŝƟĞƐdŚŝƐĂƉƉƌŽĂĐŚŚĞůƉƐƵŶĚĞƌƐƚĂŶĚďĞƩĞƌŝƚƐƉĂƌƚŶĞƌƐĂŶĚƚĂŝůŽƌŝƚƐƐƵƉƉŽƌƚĂŶĚĂůƐŽŚĞůƉƐŐŽǀĞƌŶŵĞŶƚƐďƵŝůĚŝŶƚĞƌŶĂůĐĂƉĂĐŝƚLJƚŽĞǀĞŶƚƵĂůůLJĐĂƌƌLJŽƵƚŐƌĞĞŶŐƌŽǁƚŚǁŽƌŬǁŝƚŚŽƵƚƚŚĞĂƐƐŝƐƚĂŶĐĞŽĨŽƵƚƐŝĚĞŐƌŽƵƉƐ

dŚĞĨŽůůŽǁŝŶŐĚĞƚĂŝůƐƚŚĞƐƚĂƚƵƐŝŶϮϬϭϯŽĨ ƐƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƐ

Working on the ground to develop

green growth strategies

Green Growth Planning

and Implementation

Latin America

16

Brazil

Focus Forestry

ampŽůůŽǁŝŶŐƵƉŽŶŝƚƐƐƵƉƉŽƌƚƚŽƌĂnjŝů ƐŶĂƟŽŶĂůĐůŝŵĂƚĞĐŚĂŶŐĞƐƚƌĂƚĞŐLJ ŝƐĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚDŽͿŝŶĚĞǀĞůŽƉŝŶŐĂƐƵƐƚĂŝŶĂďůĞƟŵďĞƌŝŶĚƵƐƚƌLJŝŶƚŚĞŵĂnjŽŶĂƐƉĂƌƚŽĨĂďƌŽĂĚĞƌƉŽůŝĐLJĨƌĂŵĞǁŽƌŬĚĞƐŝŐŶĞĚƚŽƌĞŝŶĨŽƌĐĞƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞƐŽĨĂƌŝŶƚĂĐŬůŝŶŐĚĞĨŽƌĞƐƚĂƟŽŶŝŶƚŚĞŵĂnjŽŶƌĞŐŝŽŶŝƐĐŽŶĐĞŶƚƌĂƟŶŐŝƚƐĞīŽƌƚƐŝŶƚŚĞdĂƉĂũŽƐďĂƐŝŶĂƚƚŚĞĨƌŽŶƟĞƌŽĨĨŽƌĞƐƚĚĞǀĞůŽƉŵĞŶƚŝĚĞŶƟĨLJŝŶŐƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚĂĐƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞĨŽƌĞƐƚŝŶĚƵƐƚƌLJ ƐƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚŐƌŽǁƚŚŶϮϬϭϯĐŽŶĚƵĐƚĞĚĂƐƵƌǀĞLJŽĨĐŽŵƉĂŶŝĞƐŝŶƚŚĞƐĞĐƚŽƌ ƉƌŽǀŝĚŝŶŐƚŚĞĮƌƐƚƚŚŽƌŽƵŐŚĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞďĂƌƌŝĞƌƐĨĂĐĞĚďLJƚŚĞŝŶĚƵƐƚƌLJŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞDŽƚŽŝŶƚĞŐƌĂƚĞƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚŝƐĞdžƉĞƌŝĞŶĐĞŝŶƚŽŶĂƟŽŶĂůƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐ

Case Study Colombia Amazon Basin

ƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚŽůŽŵďŝĂďĞŐĂŶŝŶĞĂƌůLJϮϬϭϯĂƐƉĂƌƚŽĨƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŵĂnjŽŶĂƐŝŶƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƚŝŶŝƟĂůůLJǁĂƐĚĞƐŝŐŶĞĚƚŽĂƐƐŝƐƚŵĂnjŽŶĂƐŝŶĐŽƵŶƚƌŝĞƐƚŽďƵŝůĚŝŶƚĞƌŶĂƟŽŶĂůƉĂƌƚŶĞƌƐŚŝƉƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞŝƌĨŽƌĞƐƚƐĂŶĚƉƌŽŵŽƚĞƚŚĞĂĚŽƉƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐ

ƵƌƌĞŶƚůLJ ŝƐĨŽĐƵƐŝŶŐŽŶŽůŽŵďŝĂǁŚĞƌĞƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐŚĂǀĞĚĞǀĞůŽƉĞĚĂƐƚƌŽŶŐƉĂƌƚŶĞƌƐŚŝƉŽŶĨŽƌĞƐƚƌLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚdŚĞĞīŽƌƚŝƐĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂůĂƌŐĞͲƐĐĂůĞŝŶǀĞƐƚŵĞŶƚƉůĂŶĂŶĚĨƵŶĚŝŶŐŵĞĐŚĂŶŝƐŵƚŽƐƵƉƉŽƌƚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐĞŶŐĂŐĞŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚŽƉƟŽŶƐŝŶƚŚĞŽůŽŵďŝĂŶŵĂnjŽŶZĞŐŝŽŶ

ŝƐƉĂƌƚŶĞƌŝŶŐǁŝƚŚŽůŽŵďŝĂ ƐDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂŶĚ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚD^ͿƚŽĂƐƐĞƐƐƚŚĞĨĞĂƐŝďŝůŝƚLJŽĨƚŚĞƉůĂŶĂŶĚĮŶĂŶĐŝŶŐǀĞŚŝĐůĞdŚĞŝŶŝƟĂƟǀĞĂŝŵƐƚŽŐĞŶĞƌĂƚĞƉĂLJŵĞŶƚƐĨƌŽŵĚŽŶŽƌƐŝŶƚŚĞƌĂŶŐĞŽĨΨϭϬϬŵŝůůŝŽŶƚŽΨϭϱϬŵŝůůŝŽŶƉĞƌLJĞĂƌƚŽĐŽŵƉĞŶƐĂƚĞĨŽƌƚŚĞĐŽƵŶƚƌLJ ƐƌĞĚƵĐĞĚĚĞĨŽƌĞƐƚĂƟŽŶƵƉƚŽnjĞƌŽŶĞƚŐŽĂůďLJϮϬϮϬŶƚŚĞĐŽŵŝŶŐLJĞĂƌƐŚŽƉĞƐƚŽĨƵƌƚŚĞƌĐŽůůĂďŽƌĂƚĞǁŝƚŚD^ƚŽŝĚĞŶƟĨLJůŝŶŬĂŐĞƐǁŝƚŚƚŚĞůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJƚŚĂƚŽůŽŵďŝĂŚĂƐĂůƌĞĂĚLJĚĞǀĞůŽƉĞĚ

ŶϮϬϭϯĂĐƟǀĞůLJĞŶŐĂŐĞĚŽƚŚĞƌŬĞLJŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐƚŽĞdžƉůŽƌĞƚŚĞƉŽƚĞŶƟĂůƚŽĨƵƌƚŚĞƌŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĐŽƵŶƚƌLJ ƐďƌŽĂĚĞƌĞĐŽŶŽŵŝĐƉůĂŶŶŝŶŐŶƉĂƌƟĐƵůĂƌ ŝƐŝŶƚŚĞĞĂƌůLJƐƚĂŐĞƐŽĨĚĞǀĞůŽƉŝŶŐĂŶĂŐĞŶĚĂŽĨǁŽƌŬǁŝƚŚƚŚĞEĂƟŽŶĂůWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚƚŽǁĂƌĚŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐŶĂƟŽŶĂůŐƌŽǁƚŚĂŶĚƐŽĐŝĂůŝŶĚŝĐĂƚŽƌƐĂŶĚŝŶƚŽŬĞLJƐĞĐƚŽƌƐ

17

Mexico

Focus Climate Change Adaptation

Urban Development and Transport

ĂƐƐŝƐƚĞĚƚŚĞDŝŶŝƐƚƌLJŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚ^DZEdͿŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨĐŽůŽŐLJĂŶĚůŝŵĂƚĞŚĂŶŐĞEͿƚŽĞdžƉĂŶĚƚŚĞƐĐŽƉĞŽĨDĞdžŝĐŽ ƐEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞ^ƚƌĂƚĞŐLJdŚŝƐǁĂƐĂĐŚŝĞǀĞĚƉƌŝŵĂƌŝůLJďLJŚĞůƉŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐůŝŵĂƚĞĂĚĂƉƚĂƟŽŶŝŶƚŽƚŚĞƐƚƌĂƚĞŐLJďĂƐĞĚŽŶƌŝƐŬŵĂŶĂŐĞŵĞŶƚƚŚĞĞǀĂůƵĂƟŽŶŽĨƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƟĐĞǀĞŶƚƐŽŶŬĞLJƐĞĐƚŽƌƐŽĨƚŚĞĞĐŽŶŽŵLJ ĂŶĚƚŚĞĂŶĂůLJƐĞƐĂŶĚƉƌŝŽƌŝƟnjĂƟŽŶŽĨĂĚĂƉƚĂƟŽŶĂĐƟŽŶƐŶĂĚĚŝƟŽŶĚĞǀĞůŽƉĞĚĂŵĞƚŚŽĚŽůŽŐLJƚŽŝĚĞŶƟĨLJŵƵŶŝĐŝƉĂůŝƟĞƐƚŚĂƚĂƌĞŵŽƐƚĂƚͲƌŝƐŬƚŽŵĂũŽƌĐůŝŵĂƚĞĞǀĞŶƚƐ

ŶϮϬϭϯĂůƐŽďĞŐĂŶǁŽƌŬŝŶŐǁŝƚŚƚŚĞDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶDĞͿƚŽĚĞǀĞůŽƉĂĨƌĂŵĞǁŽƌŬĨŽƌƌĞŐŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐdŚĞDĞƌĞƉƌĞƐĞŶƚƐĂŶŽǀĞůĂƉƉƌŽĂĐŚƚŽƚĂĐŬůŝŶŐĐƌŽƐƐͲũƵƌŝƐĚŝĐƟŽŶĂůĐŚĂůůĞŶŐĞƐĂŶĚŚĂƐďĞĞŶŐŝǀĞŶƚŚĞŵĂŶĚĂƚĞŽĨŽǀĞƌƐĞĞŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂĐƌŽƐƐϲƐƚĂƚĞƐŝŶĐĞŶƚƌĂůDĞdžŝĐŽƚŚĂƚƚŽŐĞƚŚĞƌĂĐĐŽƵŶƚĨŽƌĂďŽƵƚĂƚŚŝƌĚŽĨƚŚĞĐŽƵŶƚƌLJ ƐƉŽƉƵůĂƟŽŶŚĂƐŚĞůƉĞĚĂƐƐĞƐƐĂŶĚĚĞƐŝŐŶƉŽůŝĐŝĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶƚĂdžĞƐŽŶŐĂƐŽůŝŶĞĂŶĚǀĞŚŝĐůĞŽǁŶĞƌƐŚŝƉĂŶĚĐŽͲnjŽŶĞƐǁŝƚŚƌĞƐƚƌŝĐƚĞĚŵŽǀĞŵĞŶƚŽĨǀĞŚŝĐůĞƐ

Peru

Focus Forestry Competitiveness

WĞƌƵ ƐĨŽƌĞƐƚƐĞĐƚŽƌŚĂƐďĞĞŶƵŶĚĞƌŐŽŝŶŐĚƌĂŵĂƟĐĐŚĂŶŐĞŽǀĞƌƚŚĞƉĂƐƚƚŚƌĞĞLJĞĂƌƐǁŝƚŚĂƐĞƌŝĞƐŽĨŶĞǁƉŽůŝĐŝĞƐĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁampŽƌĞƐƚƌLJ^ĞƌǀŝĐĞĂŶĚampŽƌĞƐƚƌLJDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵŝƐŚĞůƉŝŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽŝƚƐEĂƟŽŶĂůampŽƌĞƐƚƌLJĂŶĚtŝůĚůŝĨĞWůĂŶEamptWͿŶϮϬϭϯŚĞůƉĞĚĞƐƚĂďůŝƐŚĂĐƌŽƐƐͲŵŝŶŝƐƚĞƌŝĂůƚĞĐŚŶŝĐĂůĐŽŵŵŝƩĞĞĂŶĚĂĚǀŝƐŽƌLJŐƌŽƵƉŐĂǀĞƚĞĐŚŶŝĐĂůĂƐƐŝƐƚĂŶĐĞŽŶƚŚĞĐŽŶƚĞŶƚŽĨƚŚĞEamptW ĂŶĚĐŽŶǀĞŶĞĚƐƚĂŬĞŚŽůĚĞƌƐƚŽĐŽŶƐŝĚĞƌĂŶĚƉƌŝŽƌŝƟnjĞŐƌĞĞŶŐƌŽǁƚŚŽďũĞĐƟǀĞƐĨŽƌƚŚĞĨŽƌĞƐƚƐĞĐƚŽƌ ŶϮϬϭϯĂůƐŽďĞŐĂŶƐƵƉƉŽƌƟŶŐƚŚĞEĂƟŽŶĂůŽŵƉĞƟƟǀĞŶĞƐƐŽƵŶĐŝůƚŽŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐŝŶƚŽŝƚƐƐƚƌĂƚĞŐLJĨŽƌŶĂƟŽŶĂůĐŽŵƉĞƟƟǀĞŶĞƐƐƚŚƌŽƵŐŚƚĞĐŚŶŝĐĂůŝŶƉƵƚƐĂŶĚĂƐĞƌŝĞƐŽĨǁŽƌŬƐŚŽƉƐ

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

12

Our carbon emissions in 2013

ƐƉĂƌƚŽĨ ƐĐŽƌƉŽƌĂƚĞƐŽĐŝĂůƌĞƐƉŽŶƐŝďŝůŝƚLJ ǁĞŵĞĂƐƵƌĞĚŽƵƌĐĂƌďŽŶĨŽŽƚƉƌŝŶƚŝŶϮϬϭϯĨƌŽŵŽƵƌƚǁŽůĂƌŐĞƐƚƐŽƵƌĐĞƐŽĨĞŵŝƐƐŝŽŶƐͲĂŝƌƚƌĂǀĞůĂŶĚďƵŝůĚŝŶŐƵƐĞŝƌƚƌĂǀĞůŝŶĐůƵĚĞĚƐƚĂīĂŶĚŶŽŶͲƐƚĂīĐŽŶƐƵůƚĂŶƚƐƌĞƐĞĂƌĐŚĨĞůůŽǁƐĞƚĐͿƚƌĂǀĞůĂƐǁĞůůĂƐŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐĮŶĂŶĐĞĚďLJŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐƐŽŶůLJŝŶĐůƵĚĞĚĞůĞĐƚƌŝĐŝƚLJƵƐĞĨƌŽŵŚĞĂĚƋƵĂƌƚĞƌƐŝŶ^ĞŽƵů

Building 10

Air travel90

GGGI Carbon Emissions in 2013

tCO2

Building (HQ only) 88Air Travel 793Total (tCO2) 881

HQ (Seoul) 50

London10

Meeting participants

21

Copenhagen2

Abu Dhabi2

Other non-staff (Consultants etc)

6

Project offices

9

GGGI Carbon Emissions from Air

Travel in 2013

tCO2

HQ (Seoul) 392London 77Copenhagen 16Abu Dhabi 19Project offices 73Other non-staff(Consultants etc) 50Meeting participants 166Total (tCO2) 793

Towards a carbon-lean GGGI

13

Towards a carbon-lean GGGI

ƚŽƚĂůŽĨϴϴϭƚŽŶƐŽĨKϮƚKϮͿǁĂƐĞŵŝƩĞĚďLJŝŶϮϬϭϯϵϬйŽĨǁŚŝĐŚĐĂŵĞĨƌŽŵĂŝƌƚƌĂǀĞůĂŶĚƚŚĞƌĞŵĂŝŶŝŶŐϭϬйĨƌŽŵďƵŝůĚŝŶŐĞůĞĐƚƌŝĐŝƚLJƵƐĞ

ƐŽǀĞƌϳϬйŽĨƐƚĂīŵĞŵďĞƌƐĂƌĞĐƵƌƌĞŶƚůLJďĂƐĞĚŝŶ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐƚŚĞůĂƌŐĞƐƚƐŚĂƌĞϱϬйͿŽĨĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐĐĂŵĞĨƌŽŵƐƚĂīďĂƐĞĚŝŶ^ĞŽƵůǁŚŝůĞƐƚĂīƚƌĂǀĞůĨƌŽŵŶŽŶͲŚĞĂĚƋƵĂƌƚĞƌďĂƐĞĚŽĸĐĞƐĂĐĐŽƵŶƚĞĚĨŽƌϮϯйDĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐƐƵƉƉŽƌƚĞĚďLJĂƩĞŶĚŝŶŐŵĂũŽƌĞǀĞŶƚƐƐƵĐŚĂƐŽƵŶĐŝůƐĞƐƐŝŽŶƐĂŶĚƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚĂŵŽƵŶƚĞĚƚŽϭϲϲƚKϮǁŚŝĐŚĂĐĐŽƵŶƚĞĚĨŽƌϮϭйŽĨƚŽƚĂůĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐ

Methodology used

ƐĐĂůĐƵůĂƟŽŶŽĨŽƵƌĐĂƌďŽŶĞŵŝƐƐŝŽŶƐĨŽůůŽǁĞĚƚŚĞƉƌŝŶĐŝƉůĞƐĨƌŽŵƚŚĞƌĞĞŶŚŽƵƐĞĂƐWƌŽƚŽĐŽůĚĞǀĞůŽƉĞĚďLJƚŚĞtŽƌůĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞtZͿĂŶĚƚŚĞtŽƌůĚƵƐŝŶĞƐƐŽƵŶĐŝůĨŽƌ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚt^ͿĂƌďŽŶĞŵŝƐƐŝŽŶĨŽƌĂŝƌƚƌĂǀĞůǁĞƌĞĐĂƉƚƵƌĞĚďĂƐĞĚŽŶDŝƐƐŝŽŶZĞƋƵĞƐƚƐƐƵďŵŝƩĞĚďLJƐƚĂīŝŶϮϬϭϯĂŶĚůŝƐƚƐƉƌŽǀŝĚĞĚďLJƚŚĞǀĞŶƚƐƚĞĂŵĨŽƌŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐKĂƌďŽŶŵŝƐƐŝŽŶƐĂůĐƵůĂƚŽƌsĞƌƐŝŽŶϮϲͿǁĂƐƵƐĞĚĨŽƌĐĂůĐƵůĂƟŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶĨƌŽŵĂŝƌƚƌĂǀĞůƐĨŽƌĞŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐĞŶĞƌŐLJƵƐĞƚŚĞĐĂůĐƵůĂƟŽŶŽŶůLJŝŶĐůƵĚĞĚƉƵƌĐŚĂƐĞĚĞůĞĐƚƌŝĐŝƚLJĨƌŽŵ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐĂƐŽƚŚĞƌŽĸĐĞƐĚŝĚŶŽƚŚĂǀĞƚŚĞƌĞƋƵŝƌĞĚĚĂƚĂŝŶϮϬϭϯ

Looking ahead

ƐƚƌŝǀĞƐƚŽǁĂůŬƚŚĞƚĂůŬĂŶĚďĞĐŽŵĞĂĐĂƌďŽŶͲůĞĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶtĞǁŝůůƵƐĞϮϬϭϯĐĂƌďŽŶĚĂƚĂĂƐĂďĂƐĞůŝŶĞƚŽƐĞĞŚŽǁďĞƐƚƚŽƌĞĚƵĐĞŽƵƌĞŵŝƐƐŝŽŶƐĞƐƉĞĐŝĂůůLJĨƌŽŵĂŝƌƚƌĂǀĞůĞŝƚŚĞƌƚŚƌŽƵŐŚďƵŶĚůŝŶŐŵŝƐƐŝŽŶƐŽƌŵŽƌĞĞīĞĐƟǀĞƵƐĞŽĨǀŝĚĞŽĐŽŶĨĞƌĞŶĐŝŶŐŽƌŽƚŚĞƌŽŶůŝŶĞŵĞĂŶƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶtŚŝůĞĨŽĐƵƐǁŝůůďĞŐŝǀĞŶƚŽƌĞĚƵĐŝŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶŝŶŽƵƌĚĂLJͲƚŽͲĚĂLJŽƉĞƌĂƟŽŶƐǁŝůůŝŶƉĂƌĂůůĞůĞdžƉůŽƌĞŵŽĚĂůŝƟĞƐĨŽƌƉƵƌĐŚĂƐŝŶŐĐĂƌďŽŶŽīƐĞƚƐĨŽƌƵŶĂǀŽŝĚĂďůĞĞŵŝƐƐŝŽŶƐƚŽďĞĐŽŵĞĂĐĂƌďŽŶͲŶĞƵƚƌĂůŽƌŐĂŶŝnjĂƟŽŶ

14

ŚĂƐϯϰƉƌŽŐƌĂŵƐŝŶϮϬĐŽƵŶƚƌŝĞƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŵƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞŝƌƌĞŐŝŽŶĂůŽƌŶĂƟŽŶĂůĞĐŽŶŽŵŝĐŐŽĂůƐ

ƚLJƉŝĐĂůĐŽƵŶƚƌLJƉƌŽŐƌĂŵĐŽŶƐŝƐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶWͿĂŶĂůLJƐŝƐĂŶĚĚĞƐŝŐŶĚŽŵĞƐƟĐĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉƚŽƐƵƉƉŽƌƚWŝŵƉůĞŵĞŶƚĂƟŽŶ

ƐƉƌŽũĞĐƚĐLJĐůĞƐƚĂƌƚƐĨƌŽŵƵŶĚĞƌƐƚĂŶĚŝŶŐĂŐŝǀĞŶĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚŽďũĞĐƟǀĞƐĂŶĚƚŽƚŚĞŶĂƐƐĞƐƐƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŽĂĐŚŝĞǀĞƚŚĞŵtĞĚŽƚŚŝƐďLJĐŽŶĚƵĐƟŶŐƌŝŐŽƌŽƵƐƐĞĐƚŽƌͲďLJͲƐĞĐƚŽƌ ĂŶĂůLJƐŝƐĂŶĚďLJƉƌŝŽƌŝƟnjŝŶŐĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐĂůŽŶŐŵƵůƟƉůĞĚŝŵĞŶƐŝŽŶƐƚŚĂƚƌĞŇĞĐƚĂĐŽƵŶƚƌLJ ƐŽǁŶƉƌŝŽƌŝƟĞƐdŚŝƐůĞĂĚƐƚŽĚĞǀĞůŽƉŝŶŐŵƵůƟͲƐĞĐƚŽƌ ĐŽŵƉƌĞŚĞŶƐŝǀĞƐƚƌĂƚĞŐŝĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚdŚĞƐĞĂƌĞƚŚĞŶĂƐƐĞƐƐĞĚŝŶƚĞƌŵƐŽĨƚŚĞŝƌĐŽƐƚƐŝŶĐůƵĚŝŶŐƚŚĞŝƌŝŵƉůŝĐĂƟŽŶƐĨŽƌƚŚĞǁŝĚĞƌĞĐŽŶŽŵLJampŝŶĂůůLJďƵŝůĚŝŶŐŽŶŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞƐƵƉƉŽƌƚƐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂƉƉƌŽƉƌŝĂƚĞŝŶƐƟƚƵƟŽŶĂůĨƌĂŵĞǁŽƌŬƐƚŽŝŵƉůĞŵĞŶƚƐƵĐŚƐƚƌĂƚĞŐŝĞƐĂŶĚĞǀĞŶƚƵĂůůLJŚĞůƉƐĐŽƵŶƚƌŝĞƐƚƌĂŶƐĨŽƌŵƚŚĞƐƚƌĂƚĞŐŝĞƐŝŶƚŽƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐƚŚĂƚĐĂŶĂƩƌĂĐƚĨƵŶĚŝŶŐĨƌŽŵƚŚĞƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞƐĞĐƚŽƌ

ƐĐƵƌƌĞŶƚŽƉĞƌĂƟŽŶƐƐƉĂŶĂĐƌŽƐƐĂǁŝĚĞƌĂŶŐĞŽĨƐĞĐƚŽƌƐĂŶĚĂĐƟǀŝƟĞƐampƌŽŵƐƵƉƉŽƌƟŶŐĂŶĂƟŽŶĂůĨŽƌĞƐƚƉůĂŶŝŶWĞƌƵƚŽĐŽůůĂďŽƌĂƟŶŐǁŝƚŚƚŚŝŽƉŝĂŽŶĂĐůŝŵĂƚĞƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJampƌŽŵŚĞůƉŝŶŐƚŽƐƚƌĞŶŐƚŚĞŶƐƚĂƚĞͲůĞǀĞůĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐŝŶltĂƌŶĂƚĂŬĂŶĚŝĂͿƚŽǁŽƌŬŝŶŐǁŝƚŚƚŚĞŶĞǁDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶŝŶDĞdžŝĐŽŽŶƉƌŝŽƌŝƟĞƐĨŽƌĂŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƚŚĂƚŚĂƐƚŚĞƉŽƚĞŶƟĂůƚŽŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŽƌĞƚŚĂŶϯϬŵŝůůŝŽŶƉĞŽƉůĞ

ŶϮϬϭϯŝŶǀĞƐƚĞĚŚĞĂǀŝůLJŝŶŽŶͲƚŚĞͲŐƌŽƵŶĚĞdžƉĞƌƚƐƚŽĂĚǀŝƐĞƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐŽŶƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚƐƚĂƌƚĞĚŵŽǀŝŶŐŝƚƐƚĞĂŵƐƚŽďĞďĂƐĞĚŝŶƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĞdžƉĞƌƚƐŚĂǀĞďĞĞŶǁŽƌŬŝŶŐĐůŽƐĞůLJǁŝƚŚŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐĂŶĚĂŐĞŶĐŝĞƐŝŶŽƌĚĞƌƚŽŐĂŝŶĂŶŝŶͲĚĞƉƚŚƵŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚŬŶŽǁůĞĚŐĞŽĨůŽĐĂůƉƌŝŽƌŝƟĞƐdŚŝƐĂƉƉƌŽĂĐŚŚĞůƉƐƵŶĚĞƌƐƚĂŶĚďĞƩĞƌŝƚƐƉĂƌƚŶĞƌƐĂŶĚƚĂŝůŽƌŝƚƐƐƵƉƉŽƌƚĂŶĚĂůƐŽŚĞůƉƐŐŽǀĞƌŶŵĞŶƚƐďƵŝůĚŝŶƚĞƌŶĂůĐĂƉĂĐŝƚLJƚŽĞǀĞŶƚƵĂůůLJĐĂƌƌLJŽƵƚŐƌĞĞŶŐƌŽǁƚŚǁŽƌŬǁŝƚŚŽƵƚƚŚĞĂƐƐŝƐƚĂŶĐĞŽĨŽƵƚƐŝĚĞŐƌŽƵƉƐ

dŚĞĨŽůůŽǁŝŶŐĚĞƚĂŝůƐƚŚĞƐƚĂƚƵƐŝŶϮϬϭϯŽĨ ƐƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƐ

Working on the ground to develop

green growth strategies

Green Growth Planning

and Implementation

Latin America

16

Brazil

Focus Forestry

ampŽůůŽǁŝŶŐƵƉŽŶŝƚƐƐƵƉƉŽƌƚƚŽƌĂnjŝů ƐŶĂƟŽŶĂůĐůŝŵĂƚĞĐŚĂŶŐĞƐƚƌĂƚĞŐLJ ŝƐĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚDŽͿŝŶĚĞǀĞůŽƉŝŶŐĂƐƵƐƚĂŝŶĂďůĞƟŵďĞƌŝŶĚƵƐƚƌLJŝŶƚŚĞŵĂnjŽŶĂƐƉĂƌƚŽĨĂďƌŽĂĚĞƌƉŽůŝĐLJĨƌĂŵĞǁŽƌŬĚĞƐŝŐŶĞĚƚŽƌĞŝŶĨŽƌĐĞƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞƐŽĨĂƌŝŶƚĂĐŬůŝŶŐĚĞĨŽƌĞƐƚĂƟŽŶŝŶƚŚĞŵĂnjŽŶƌĞŐŝŽŶŝƐĐŽŶĐĞŶƚƌĂƟŶŐŝƚƐĞīŽƌƚƐŝŶƚŚĞdĂƉĂũŽƐďĂƐŝŶĂƚƚŚĞĨƌŽŶƟĞƌŽĨĨŽƌĞƐƚĚĞǀĞůŽƉŵĞŶƚŝĚĞŶƟĨLJŝŶŐƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚĂĐƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞĨŽƌĞƐƚŝŶĚƵƐƚƌLJ ƐƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚŐƌŽǁƚŚŶϮϬϭϯĐŽŶĚƵĐƚĞĚĂƐƵƌǀĞLJŽĨĐŽŵƉĂŶŝĞƐŝŶƚŚĞƐĞĐƚŽƌ ƉƌŽǀŝĚŝŶŐƚŚĞĮƌƐƚƚŚŽƌŽƵŐŚĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞďĂƌƌŝĞƌƐĨĂĐĞĚďLJƚŚĞŝŶĚƵƐƚƌLJŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞDŽƚŽŝŶƚĞŐƌĂƚĞƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚŝƐĞdžƉĞƌŝĞŶĐĞŝŶƚŽŶĂƟŽŶĂůƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐ

Case Study Colombia Amazon Basin

ƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚŽůŽŵďŝĂďĞŐĂŶŝŶĞĂƌůLJϮϬϭϯĂƐƉĂƌƚŽĨƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŵĂnjŽŶĂƐŝŶƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƚŝŶŝƟĂůůLJǁĂƐĚĞƐŝŐŶĞĚƚŽĂƐƐŝƐƚŵĂnjŽŶĂƐŝŶĐŽƵŶƚƌŝĞƐƚŽďƵŝůĚŝŶƚĞƌŶĂƟŽŶĂůƉĂƌƚŶĞƌƐŚŝƉƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞŝƌĨŽƌĞƐƚƐĂŶĚƉƌŽŵŽƚĞƚŚĞĂĚŽƉƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐ

ƵƌƌĞŶƚůLJ ŝƐĨŽĐƵƐŝŶŐŽŶŽůŽŵďŝĂǁŚĞƌĞƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐŚĂǀĞĚĞǀĞůŽƉĞĚĂƐƚƌŽŶŐƉĂƌƚŶĞƌƐŚŝƉŽŶĨŽƌĞƐƚƌLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚdŚĞĞīŽƌƚŝƐĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂůĂƌŐĞͲƐĐĂůĞŝŶǀĞƐƚŵĞŶƚƉůĂŶĂŶĚĨƵŶĚŝŶŐŵĞĐŚĂŶŝƐŵƚŽƐƵƉƉŽƌƚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐĞŶŐĂŐĞŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚŽƉƟŽŶƐŝŶƚŚĞŽůŽŵďŝĂŶŵĂnjŽŶZĞŐŝŽŶ

ŝƐƉĂƌƚŶĞƌŝŶŐǁŝƚŚŽůŽŵďŝĂ ƐDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂŶĚ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚD^ͿƚŽĂƐƐĞƐƐƚŚĞĨĞĂƐŝďŝůŝƚLJŽĨƚŚĞƉůĂŶĂŶĚĮŶĂŶĐŝŶŐǀĞŚŝĐůĞdŚĞŝŶŝƟĂƟǀĞĂŝŵƐƚŽŐĞŶĞƌĂƚĞƉĂLJŵĞŶƚƐĨƌŽŵĚŽŶŽƌƐŝŶƚŚĞƌĂŶŐĞŽĨΨϭϬϬŵŝůůŝŽŶƚŽΨϭϱϬŵŝůůŝŽŶƉĞƌLJĞĂƌƚŽĐŽŵƉĞŶƐĂƚĞĨŽƌƚŚĞĐŽƵŶƚƌLJ ƐƌĞĚƵĐĞĚĚĞĨŽƌĞƐƚĂƟŽŶƵƉƚŽnjĞƌŽŶĞƚŐŽĂůďLJϮϬϮϬŶƚŚĞĐŽŵŝŶŐLJĞĂƌƐŚŽƉĞƐƚŽĨƵƌƚŚĞƌĐŽůůĂďŽƌĂƚĞǁŝƚŚD^ƚŽŝĚĞŶƟĨLJůŝŶŬĂŐĞƐǁŝƚŚƚŚĞůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJƚŚĂƚŽůŽŵďŝĂŚĂƐĂůƌĞĂĚLJĚĞǀĞůŽƉĞĚ

ŶϮϬϭϯĂĐƟǀĞůLJĞŶŐĂŐĞĚŽƚŚĞƌŬĞLJŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐƚŽĞdžƉůŽƌĞƚŚĞƉŽƚĞŶƟĂůƚŽĨƵƌƚŚĞƌŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĐŽƵŶƚƌLJ ƐďƌŽĂĚĞƌĞĐŽŶŽŵŝĐƉůĂŶŶŝŶŐŶƉĂƌƟĐƵůĂƌ ŝƐŝŶƚŚĞĞĂƌůLJƐƚĂŐĞƐŽĨĚĞǀĞůŽƉŝŶŐĂŶĂŐĞŶĚĂŽĨǁŽƌŬǁŝƚŚƚŚĞEĂƟŽŶĂůWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚƚŽǁĂƌĚŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐŶĂƟŽŶĂůŐƌŽǁƚŚĂŶĚƐŽĐŝĂůŝŶĚŝĐĂƚŽƌƐĂŶĚŝŶƚŽŬĞLJƐĞĐƚŽƌƐ

17

Mexico

Focus Climate Change Adaptation

Urban Development and Transport

ĂƐƐŝƐƚĞĚƚŚĞDŝŶŝƐƚƌLJŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚ^DZEdͿŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨĐŽůŽŐLJĂŶĚůŝŵĂƚĞŚĂŶŐĞEͿƚŽĞdžƉĂŶĚƚŚĞƐĐŽƉĞŽĨDĞdžŝĐŽ ƐEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞ^ƚƌĂƚĞŐLJdŚŝƐǁĂƐĂĐŚŝĞǀĞĚƉƌŝŵĂƌŝůLJďLJŚĞůƉŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐůŝŵĂƚĞĂĚĂƉƚĂƟŽŶŝŶƚŽƚŚĞƐƚƌĂƚĞŐLJďĂƐĞĚŽŶƌŝƐŬŵĂŶĂŐĞŵĞŶƚƚŚĞĞǀĂůƵĂƟŽŶŽĨƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƟĐĞǀĞŶƚƐŽŶŬĞLJƐĞĐƚŽƌƐŽĨƚŚĞĞĐŽŶŽŵLJ ĂŶĚƚŚĞĂŶĂůLJƐĞƐĂŶĚƉƌŝŽƌŝƟnjĂƟŽŶŽĨĂĚĂƉƚĂƟŽŶĂĐƟŽŶƐŶĂĚĚŝƟŽŶĚĞǀĞůŽƉĞĚĂŵĞƚŚŽĚŽůŽŐLJƚŽŝĚĞŶƟĨLJŵƵŶŝĐŝƉĂůŝƟĞƐƚŚĂƚĂƌĞŵŽƐƚĂƚͲƌŝƐŬƚŽŵĂũŽƌĐůŝŵĂƚĞĞǀĞŶƚƐ

ŶϮϬϭϯĂůƐŽďĞŐĂŶǁŽƌŬŝŶŐǁŝƚŚƚŚĞDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶDĞͿƚŽĚĞǀĞůŽƉĂĨƌĂŵĞǁŽƌŬĨŽƌƌĞŐŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐdŚĞDĞƌĞƉƌĞƐĞŶƚƐĂŶŽǀĞůĂƉƉƌŽĂĐŚƚŽƚĂĐŬůŝŶŐĐƌŽƐƐͲũƵƌŝƐĚŝĐƟŽŶĂůĐŚĂůůĞŶŐĞƐĂŶĚŚĂƐďĞĞŶŐŝǀĞŶƚŚĞŵĂŶĚĂƚĞŽĨŽǀĞƌƐĞĞŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂĐƌŽƐƐϲƐƚĂƚĞƐŝŶĐĞŶƚƌĂůDĞdžŝĐŽƚŚĂƚƚŽŐĞƚŚĞƌĂĐĐŽƵŶƚĨŽƌĂďŽƵƚĂƚŚŝƌĚŽĨƚŚĞĐŽƵŶƚƌLJ ƐƉŽƉƵůĂƟŽŶŚĂƐŚĞůƉĞĚĂƐƐĞƐƐĂŶĚĚĞƐŝŐŶƉŽůŝĐŝĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶƚĂdžĞƐŽŶŐĂƐŽůŝŶĞĂŶĚǀĞŚŝĐůĞŽǁŶĞƌƐŚŝƉĂŶĚĐŽͲnjŽŶĞƐǁŝƚŚƌĞƐƚƌŝĐƚĞĚŵŽǀĞŵĞŶƚŽĨǀĞŚŝĐůĞƐ

Peru

Focus Forestry Competitiveness

WĞƌƵ ƐĨŽƌĞƐƚƐĞĐƚŽƌŚĂƐďĞĞŶƵŶĚĞƌŐŽŝŶŐĚƌĂŵĂƟĐĐŚĂŶŐĞŽǀĞƌƚŚĞƉĂƐƚƚŚƌĞĞLJĞĂƌƐǁŝƚŚĂƐĞƌŝĞƐŽĨŶĞǁƉŽůŝĐŝĞƐĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁampŽƌĞƐƚƌLJ^ĞƌǀŝĐĞĂŶĚampŽƌĞƐƚƌLJDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵŝƐŚĞůƉŝŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽŝƚƐEĂƟŽŶĂůampŽƌĞƐƚƌLJĂŶĚtŝůĚůŝĨĞWůĂŶEamptWͿŶϮϬϭϯŚĞůƉĞĚĞƐƚĂďůŝƐŚĂĐƌŽƐƐͲŵŝŶŝƐƚĞƌŝĂůƚĞĐŚŶŝĐĂůĐŽŵŵŝƩĞĞĂŶĚĂĚǀŝƐŽƌLJŐƌŽƵƉŐĂǀĞƚĞĐŚŶŝĐĂůĂƐƐŝƐƚĂŶĐĞŽŶƚŚĞĐŽŶƚĞŶƚŽĨƚŚĞEamptW ĂŶĚĐŽŶǀĞŶĞĚƐƚĂŬĞŚŽůĚĞƌƐƚŽĐŽŶƐŝĚĞƌĂŶĚƉƌŝŽƌŝƟnjĞŐƌĞĞŶŐƌŽǁƚŚŽďũĞĐƟǀĞƐĨŽƌƚŚĞĨŽƌĞƐƚƐĞĐƚŽƌ ŶϮϬϭϯĂůƐŽďĞŐĂŶƐƵƉƉŽƌƟŶŐƚŚĞEĂƟŽŶĂůŽŵƉĞƟƟǀĞŶĞƐƐŽƵŶĐŝůƚŽŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐŝŶƚŽŝƚƐƐƚƌĂƚĞŐLJĨŽƌŶĂƟŽŶĂůĐŽŵƉĞƟƟǀĞŶĞƐƐƚŚƌŽƵŐŚƚĞĐŚŶŝĐĂůŝŶƉƵƚƐĂŶĚĂƐĞƌŝĞƐŽĨǁŽƌŬƐŚŽƉƐ

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

13

Towards a carbon-lean GGGI

ƚŽƚĂůŽĨϴϴϭƚŽŶƐŽĨKϮƚKϮͿǁĂƐĞŵŝƩĞĚďLJŝŶϮϬϭϯϵϬйŽĨǁŚŝĐŚĐĂŵĞĨƌŽŵĂŝƌƚƌĂǀĞůĂŶĚƚŚĞƌĞŵĂŝŶŝŶŐϭϬйĨƌŽŵďƵŝůĚŝŶŐĞůĞĐƚƌŝĐŝƚLJƵƐĞ

ƐŽǀĞƌϳϬйŽĨƐƚĂīŵĞŵďĞƌƐĂƌĞĐƵƌƌĞŶƚůLJďĂƐĞĚŝŶ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐƚŚĞůĂƌŐĞƐƚƐŚĂƌĞϱϬйͿŽĨĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐĐĂŵĞĨƌŽŵƐƚĂīďĂƐĞĚŝŶ^ĞŽƵůǁŚŝůĞƐƚĂīƚƌĂǀĞůĨƌŽŵŶŽŶͲŚĞĂĚƋƵĂƌƚĞƌďĂƐĞĚŽĸĐĞƐĂĐĐŽƵŶƚĞĚĨŽƌϮϯйDĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐƐƵƉƉŽƌƚĞĚďLJĂƩĞŶĚŝŶŐŵĂũŽƌĞǀĞŶƚƐƐƵĐŚĂƐŽƵŶĐŝůƐĞƐƐŝŽŶƐĂŶĚƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚ^ƵŵŵŝƚĂŵŽƵŶƚĞĚƚŽϭϲϲƚKϮǁŚŝĐŚĂĐĐŽƵŶƚĞĚĨŽƌϮϭйŽĨƚŽƚĂůĂŝƌƚƌĂǀĞůĞŵŝƐƐŝŽŶƐ

Methodology used

ƐĐĂůĐƵůĂƟŽŶŽĨŽƵƌĐĂƌďŽŶĞŵŝƐƐŝŽŶƐĨŽůůŽǁĞĚƚŚĞƉƌŝŶĐŝƉůĞƐĨƌŽŵƚŚĞƌĞĞŶŚŽƵƐĞĂƐWƌŽƚŽĐŽůĚĞǀĞůŽƉĞĚďLJƚŚĞtŽƌůĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞtZͿĂŶĚƚŚĞtŽƌůĚƵƐŝŶĞƐƐŽƵŶĐŝůĨŽƌ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚt^ͿĂƌďŽŶĞŵŝƐƐŝŽŶĨŽƌĂŝƌƚƌĂǀĞůǁĞƌĞĐĂƉƚƵƌĞĚďĂƐĞĚŽŶDŝƐƐŝŽŶZĞƋƵĞƐƚƐƐƵďŵŝƩĞĚďLJƐƚĂīŝŶϮϬϭϯĂŶĚůŝƐƚƐƉƌŽǀŝĚĞĚďLJƚŚĞǀĞŶƚƐƚĞĂŵĨŽƌŵĞĞƟŶŐƉĂƌƟĐŝƉĂŶƚƐKĂƌďŽŶŵŝƐƐŝŽŶƐĂůĐƵůĂƚŽƌsĞƌƐŝŽŶϮϲͿǁĂƐƵƐĞĚĨŽƌĐĂůĐƵůĂƟŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶĨƌŽŵĂŝƌƚƌĂǀĞůƐĨŽƌĞŵŝƐƐŝŽŶƐĨƌŽŵďƵŝůĚŝŶŐĞŶĞƌŐLJƵƐĞƚŚĞĐĂůĐƵůĂƟŽŶŽŶůLJŝŶĐůƵĚĞĚƉƵƌĐŚĂƐĞĚĞůĞĐƚƌŝĐŝƚLJĨƌŽŵ^ĞŽƵůŚĞĂĚƋƵĂƌƚĞƌƐĂƐŽƚŚĞƌŽĸĐĞƐĚŝĚŶŽƚŚĂǀĞƚŚĞƌĞƋƵŝƌĞĚĚĂƚĂŝŶϮϬϭϯ

Looking ahead

ƐƚƌŝǀĞƐƚŽǁĂůŬƚŚĞƚĂůŬĂŶĚďĞĐŽŵĞĂĐĂƌďŽŶͲůĞĂŶŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶtĞǁŝůůƵƐĞϮϬϭϯĐĂƌďŽŶĚĂƚĂĂƐĂďĂƐĞůŝŶĞƚŽƐĞĞŚŽǁďĞƐƚƚŽƌĞĚƵĐĞŽƵƌĞŵŝƐƐŝŽŶƐĞƐƉĞĐŝĂůůLJĨƌŽŵĂŝƌƚƌĂǀĞůĞŝƚŚĞƌƚŚƌŽƵŐŚďƵŶĚůŝŶŐŵŝƐƐŝŽŶƐŽƌŵŽƌĞĞīĞĐƟǀĞƵƐĞŽĨǀŝĚĞŽĐŽŶĨĞƌĞŶĐŝŶŐŽƌŽƚŚĞƌŽŶůŝŶĞŵĞĂŶƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶtŚŝůĞĨŽĐƵƐǁŝůůďĞŐŝǀĞŶƚŽƌĞĚƵĐŝŶŐĐĂƌďŽŶĞŵŝƐƐŝŽŶŝŶŽƵƌĚĂLJͲƚŽͲĚĂLJŽƉĞƌĂƟŽŶƐǁŝůůŝŶƉĂƌĂůůĞůĞdžƉůŽƌĞŵŽĚĂůŝƟĞƐĨŽƌƉƵƌĐŚĂƐŝŶŐĐĂƌďŽŶŽīƐĞƚƐĨŽƌƵŶĂǀŽŝĚĂďůĞĞŵŝƐƐŝŽŶƐƚŽďĞĐŽŵĞĂĐĂƌďŽŶͲŶĞƵƚƌĂůŽƌŐĂŶŝnjĂƟŽŶ

14

ŚĂƐϯϰƉƌŽŐƌĂŵƐŝŶϮϬĐŽƵŶƚƌŝĞƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŵƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞŝƌƌĞŐŝŽŶĂůŽƌŶĂƟŽŶĂůĞĐŽŶŽŵŝĐŐŽĂůƐ

ƚLJƉŝĐĂůĐŽƵŶƚƌLJƉƌŽŐƌĂŵĐŽŶƐŝƐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶWͿĂŶĂůLJƐŝƐĂŶĚĚĞƐŝŐŶĚŽŵĞƐƟĐĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉƚŽƐƵƉƉŽƌƚWŝŵƉůĞŵĞŶƚĂƟŽŶ

ƐƉƌŽũĞĐƚĐLJĐůĞƐƚĂƌƚƐĨƌŽŵƵŶĚĞƌƐƚĂŶĚŝŶŐĂŐŝǀĞŶĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚŽďũĞĐƟǀĞƐĂŶĚƚŽƚŚĞŶĂƐƐĞƐƐƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŽĂĐŚŝĞǀĞƚŚĞŵtĞĚŽƚŚŝƐďLJĐŽŶĚƵĐƟŶŐƌŝŐŽƌŽƵƐƐĞĐƚŽƌͲďLJͲƐĞĐƚŽƌ ĂŶĂůLJƐŝƐĂŶĚďLJƉƌŝŽƌŝƟnjŝŶŐĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐĂůŽŶŐŵƵůƟƉůĞĚŝŵĞŶƐŝŽŶƐƚŚĂƚƌĞŇĞĐƚĂĐŽƵŶƚƌLJ ƐŽǁŶƉƌŝŽƌŝƟĞƐdŚŝƐůĞĂĚƐƚŽĚĞǀĞůŽƉŝŶŐŵƵůƟͲƐĞĐƚŽƌ ĐŽŵƉƌĞŚĞŶƐŝǀĞƐƚƌĂƚĞŐŝĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚdŚĞƐĞĂƌĞƚŚĞŶĂƐƐĞƐƐĞĚŝŶƚĞƌŵƐŽĨƚŚĞŝƌĐŽƐƚƐŝŶĐůƵĚŝŶŐƚŚĞŝƌŝŵƉůŝĐĂƟŽŶƐĨŽƌƚŚĞǁŝĚĞƌĞĐŽŶŽŵLJampŝŶĂůůLJďƵŝůĚŝŶŐŽŶŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞƐƵƉƉŽƌƚƐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂƉƉƌŽƉƌŝĂƚĞŝŶƐƟƚƵƟŽŶĂůĨƌĂŵĞǁŽƌŬƐƚŽŝŵƉůĞŵĞŶƚƐƵĐŚƐƚƌĂƚĞŐŝĞƐĂŶĚĞǀĞŶƚƵĂůůLJŚĞůƉƐĐŽƵŶƚƌŝĞƐƚƌĂŶƐĨŽƌŵƚŚĞƐƚƌĂƚĞŐŝĞƐŝŶƚŽƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐƚŚĂƚĐĂŶĂƩƌĂĐƚĨƵŶĚŝŶŐĨƌŽŵƚŚĞƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞƐĞĐƚŽƌ

ƐĐƵƌƌĞŶƚŽƉĞƌĂƟŽŶƐƐƉĂŶĂĐƌŽƐƐĂǁŝĚĞƌĂŶŐĞŽĨƐĞĐƚŽƌƐĂŶĚĂĐƟǀŝƟĞƐampƌŽŵƐƵƉƉŽƌƟŶŐĂŶĂƟŽŶĂůĨŽƌĞƐƚƉůĂŶŝŶWĞƌƵƚŽĐŽůůĂďŽƌĂƟŶŐǁŝƚŚƚŚŝŽƉŝĂŽŶĂĐůŝŵĂƚĞƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJampƌŽŵŚĞůƉŝŶŐƚŽƐƚƌĞŶŐƚŚĞŶƐƚĂƚĞͲůĞǀĞůĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐŝŶltĂƌŶĂƚĂŬĂŶĚŝĂͿƚŽǁŽƌŬŝŶŐǁŝƚŚƚŚĞŶĞǁDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶŝŶDĞdžŝĐŽŽŶƉƌŝŽƌŝƟĞƐĨŽƌĂŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƚŚĂƚŚĂƐƚŚĞƉŽƚĞŶƟĂůƚŽŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŽƌĞƚŚĂŶϯϬŵŝůůŝŽŶƉĞŽƉůĞ

ŶϮϬϭϯŝŶǀĞƐƚĞĚŚĞĂǀŝůLJŝŶŽŶͲƚŚĞͲŐƌŽƵŶĚĞdžƉĞƌƚƐƚŽĂĚǀŝƐĞƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐŽŶƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚƐƚĂƌƚĞĚŵŽǀŝŶŐŝƚƐƚĞĂŵƐƚŽďĞďĂƐĞĚŝŶƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĞdžƉĞƌƚƐŚĂǀĞďĞĞŶǁŽƌŬŝŶŐĐůŽƐĞůLJǁŝƚŚŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐĂŶĚĂŐĞŶĐŝĞƐŝŶŽƌĚĞƌƚŽŐĂŝŶĂŶŝŶͲĚĞƉƚŚƵŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚŬŶŽǁůĞĚŐĞŽĨůŽĐĂůƉƌŝŽƌŝƟĞƐdŚŝƐĂƉƉƌŽĂĐŚŚĞůƉƐƵŶĚĞƌƐƚĂŶĚďĞƩĞƌŝƚƐƉĂƌƚŶĞƌƐĂŶĚƚĂŝůŽƌŝƚƐƐƵƉƉŽƌƚĂŶĚĂůƐŽŚĞůƉƐŐŽǀĞƌŶŵĞŶƚƐďƵŝůĚŝŶƚĞƌŶĂůĐĂƉĂĐŝƚLJƚŽĞǀĞŶƚƵĂůůLJĐĂƌƌLJŽƵƚŐƌĞĞŶŐƌŽǁƚŚǁŽƌŬǁŝƚŚŽƵƚƚŚĞĂƐƐŝƐƚĂŶĐĞŽĨŽƵƚƐŝĚĞŐƌŽƵƉƐ

dŚĞĨŽůůŽǁŝŶŐĚĞƚĂŝůƐƚŚĞƐƚĂƚƵƐŝŶϮϬϭϯŽĨ ƐƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƐ

Working on the ground to develop

green growth strategies

Green Growth Planning

and Implementation

Latin America

16

Brazil

Focus Forestry

ampŽůůŽǁŝŶŐƵƉŽŶŝƚƐƐƵƉƉŽƌƚƚŽƌĂnjŝů ƐŶĂƟŽŶĂůĐůŝŵĂƚĞĐŚĂŶŐĞƐƚƌĂƚĞŐLJ ŝƐĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚDŽͿŝŶĚĞǀĞůŽƉŝŶŐĂƐƵƐƚĂŝŶĂďůĞƟŵďĞƌŝŶĚƵƐƚƌLJŝŶƚŚĞŵĂnjŽŶĂƐƉĂƌƚŽĨĂďƌŽĂĚĞƌƉŽůŝĐLJĨƌĂŵĞǁŽƌŬĚĞƐŝŐŶĞĚƚŽƌĞŝŶĨŽƌĐĞƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞƐŽĨĂƌŝŶƚĂĐŬůŝŶŐĚĞĨŽƌĞƐƚĂƟŽŶŝŶƚŚĞŵĂnjŽŶƌĞŐŝŽŶŝƐĐŽŶĐĞŶƚƌĂƟŶŐŝƚƐĞīŽƌƚƐŝŶƚŚĞdĂƉĂũŽƐďĂƐŝŶĂƚƚŚĞĨƌŽŶƟĞƌŽĨĨŽƌĞƐƚĚĞǀĞůŽƉŵĞŶƚŝĚĞŶƟĨLJŝŶŐƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚĂĐƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞĨŽƌĞƐƚŝŶĚƵƐƚƌLJ ƐƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚŐƌŽǁƚŚŶϮϬϭϯĐŽŶĚƵĐƚĞĚĂƐƵƌǀĞLJŽĨĐŽŵƉĂŶŝĞƐŝŶƚŚĞƐĞĐƚŽƌ ƉƌŽǀŝĚŝŶŐƚŚĞĮƌƐƚƚŚŽƌŽƵŐŚĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞďĂƌƌŝĞƌƐĨĂĐĞĚďLJƚŚĞŝŶĚƵƐƚƌLJŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞDŽƚŽŝŶƚĞŐƌĂƚĞƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚŝƐĞdžƉĞƌŝĞŶĐĞŝŶƚŽŶĂƟŽŶĂůƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐ

Case Study Colombia Amazon Basin

ƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚŽůŽŵďŝĂďĞŐĂŶŝŶĞĂƌůLJϮϬϭϯĂƐƉĂƌƚŽĨƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŵĂnjŽŶĂƐŝŶƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƚŝŶŝƟĂůůLJǁĂƐĚĞƐŝŐŶĞĚƚŽĂƐƐŝƐƚŵĂnjŽŶĂƐŝŶĐŽƵŶƚƌŝĞƐƚŽďƵŝůĚŝŶƚĞƌŶĂƟŽŶĂůƉĂƌƚŶĞƌƐŚŝƉƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞŝƌĨŽƌĞƐƚƐĂŶĚƉƌŽŵŽƚĞƚŚĞĂĚŽƉƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐ

ƵƌƌĞŶƚůLJ ŝƐĨŽĐƵƐŝŶŐŽŶŽůŽŵďŝĂǁŚĞƌĞƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐŚĂǀĞĚĞǀĞůŽƉĞĚĂƐƚƌŽŶŐƉĂƌƚŶĞƌƐŚŝƉŽŶĨŽƌĞƐƚƌLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚdŚĞĞīŽƌƚŝƐĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂůĂƌŐĞͲƐĐĂůĞŝŶǀĞƐƚŵĞŶƚƉůĂŶĂŶĚĨƵŶĚŝŶŐŵĞĐŚĂŶŝƐŵƚŽƐƵƉƉŽƌƚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐĞŶŐĂŐĞŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚŽƉƟŽŶƐŝŶƚŚĞŽůŽŵďŝĂŶŵĂnjŽŶZĞŐŝŽŶ

ŝƐƉĂƌƚŶĞƌŝŶŐǁŝƚŚŽůŽŵďŝĂ ƐDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂŶĚ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚD^ͿƚŽĂƐƐĞƐƐƚŚĞĨĞĂƐŝďŝůŝƚLJŽĨƚŚĞƉůĂŶĂŶĚĮŶĂŶĐŝŶŐǀĞŚŝĐůĞdŚĞŝŶŝƟĂƟǀĞĂŝŵƐƚŽŐĞŶĞƌĂƚĞƉĂLJŵĞŶƚƐĨƌŽŵĚŽŶŽƌƐŝŶƚŚĞƌĂŶŐĞŽĨΨϭϬϬŵŝůůŝŽŶƚŽΨϭϱϬŵŝůůŝŽŶƉĞƌLJĞĂƌƚŽĐŽŵƉĞŶƐĂƚĞĨŽƌƚŚĞĐŽƵŶƚƌLJ ƐƌĞĚƵĐĞĚĚĞĨŽƌĞƐƚĂƟŽŶƵƉƚŽnjĞƌŽŶĞƚŐŽĂůďLJϮϬϮϬŶƚŚĞĐŽŵŝŶŐLJĞĂƌƐŚŽƉĞƐƚŽĨƵƌƚŚĞƌĐŽůůĂďŽƌĂƚĞǁŝƚŚD^ƚŽŝĚĞŶƟĨLJůŝŶŬĂŐĞƐǁŝƚŚƚŚĞůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJƚŚĂƚŽůŽŵďŝĂŚĂƐĂůƌĞĂĚLJĚĞǀĞůŽƉĞĚ

ŶϮϬϭϯĂĐƟǀĞůLJĞŶŐĂŐĞĚŽƚŚĞƌŬĞLJŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐƚŽĞdžƉůŽƌĞƚŚĞƉŽƚĞŶƟĂůƚŽĨƵƌƚŚĞƌŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĐŽƵŶƚƌLJ ƐďƌŽĂĚĞƌĞĐŽŶŽŵŝĐƉůĂŶŶŝŶŐŶƉĂƌƟĐƵůĂƌ ŝƐŝŶƚŚĞĞĂƌůLJƐƚĂŐĞƐŽĨĚĞǀĞůŽƉŝŶŐĂŶĂŐĞŶĚĂŽĨǁŽƌŬǁŝƚŚƚŚĞEĂƟŽŶĂůWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚƚŽǁĂƌĚŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐŶĂƟŽŶĂůŐƌŽǁƚŚĂŶĚƐŽĐŝĂůŝŶĚŝĐĂƚŽƌƐĂŶĚŝŶƚŽŬĞLJƐĞĐƚŽƌƐ

17

Mexico

Focus Climate Change Adaptation

Urban Development and Transport

ĂƐƐŝƐƚĞĚƚŚĞDŝŶŝƐƚƌLJŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚ^DZEdͿŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨĐŽůŽŐLJĂŶĚůŝŵĂƚĞŚĂŶŐĞEͿƚŽĞdžƉĂŶĚƚŚĞƐĐŽƉĞŽĨDĞdžŝĐŽ ƐEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞ^ƚƌĂƚĞŐLJdŚŝƐǁĂƐĂĐŚŝĞǀĞĚƉƌŝŵĂƌŝůLJďLJŚĞůƉŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐůŝŵĂƚĞĂĚĂƉƚĂƟŽŶŝŶƚŽƚŚĞƐƚƌĂƚĞŐLJďĂƐĞĚŽŶƌŝƐŬŵĂŶĂŐĞŵĞŶƚƚŚĞĞǀĂůƵĂƟŽŶŽĨƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƟĐĞǀĞŶƚƐŽŶŬĞLJƐĞĐƚŽƌƐŽĨƚŚĞĞĐŽŶŽŵLJ ĂŶĚƚŚĞĂŶĂůLJƐĞƐĂŶĚƉƌŝŽƌŝƟnjĂƟŽŶŽĨĂĚĂƉƚĂƟŽŶĂĐƟŽŶƐŶĂĚĚŝƟŽŶĚĞǀĞůŽƉĞĚĂŵĞƚŚŽĚŽůŽŐLJƚŽŝĚĞŶƟĨLJŵƵŶŝĐŝƉĂůŝƟĞƐƚŚĂƚĂƌĞŵŽƐƚĂƚͲƌŝƐŬƚŽŵĂũŽƌĐůŝŵĂƚĞĞǀĞŶƚƐ

ŶϮϬϭϯĂůƐŽďĞŐĂŶǁŽƌŬŝŶŐǁŝƚŚƚŚĞDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶDĞͿƚŽĚĞǀĞůŽƉĂĨƌĂŵĞǁŽƌŬĨŽƌƌĞŐŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐdŚĞDĞƌĞƉƌĞƐĞŶƚƐĂŶŽǀĞůĂƉƉƌŽĂĐŚƚŽƚĂĐŬůŝŶŐĐƌŽƐƐͲũƵƌŝƐĚŝĐƟŽŶĂůĐŚĂůůĞŶŐĞƐĂŶĚŚĂƐďĞĞŶŐŝǀĞŶƚŚĞŵĂŶĚĂƚĞŽĨŽǀĞƌƐĞĞŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂĐƌŽƐƐϲƐƚĂƚĞƐŝŶĐĞŶƚƌĂůDĞdžŝĐŽƚŚĂƚƚŽŐĞƚŚĞƌĂĐĐŽƵŶƚĨŽƌĂďŽƵƚĂƚŚŝƌĚŽĨƚŚĞĐŽƵŶƚƌLJ ƐƉŽƉƵůĂƟŽŶŚĂƐŚĞůƉĞĚĂƐƐĞƐƐĂŶĚĚĞƐŝŐŶƉŽůŝĐŝĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶƚĂdžĞƐŽŶŐĂƐŽůŝŶĞĂŶĚǀĞŚŝĐůĞŽǁŶĞƌƐŚŝƉĂŶĚĐŽͲnjŽŶĞƐǁŝƚŚƌĞƐƚƌŝĐƚĞĚŵŽǀĞŵĞŶƚŽĨǀĞŚŝĐůĞƐ

Peru

Focus Forestry Competitiveness

WĞƌƵ ƐĨŽƌĞƐƚƐĞĐƚŽƌŚĂƐďĞĞŶƵŶĚĞƌŐŽŝŶŐĚƌĂŵĂƟĐĐŚĂŶŐĞŽǀĞƌƚŚĞƉĂƐƚƚŚƌĞĞLJĞĂƌƐǁŝƚŚĂƐĞƌŝĞƐŽĨŶĞǁƉŽůŝĐŝĞƐĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁampŽƌĞƐƚƌLJ^ĞƌǀŝĐĞĂŶĚampŽƌĞƐƚƌLJDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵŝƐŚĞůƉŝŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽŝƚƐEĂƟŽŶĂůampŽƌĞƐƚƌLJĂŶĚtŝůĚůŝĨĞWůĂŶEamptWͿŶϮϬϭϯŚĞůƉĞĚĞƐƚĂďůŝƐŚĂĐƌŽƐƐͲŵŝŶŝƐƚĞƌŝĂůƚĞĐŚŶŝĐĂůĐŽŵŵŝƩĞĞĂŶĚĂĚǀŝƐŽƌLJŐƌŽƵƉŐĂǀĞƚĞĐŚŶŝĐĂůĂƐƐŝƐƚĂŶĐĞŽŶƚŚĞĐŽŶƚĞŶƚŽĨƚŚĞEamptW ĂŶĚĐŽŶǀĞŶĞĚƐƚĂŬĞŚŽůĚĞƌƐƚŽĐŽŶƐŝĚĞƌĂŶĚƉƌŝŽƌŝƟnjĞŐƌĞĞŶŐƌŽǁƚŚŽďũĞĐƟǀĞƐĨŽƌƚŚĞĨŽƌĞƐƚƐĞĐƚŽƌ ŶϮϬϭϯĂůƐŽďĞŐĂŶƐƵƉƉŽƌƟŶŐƚŚĞEĂƟŽŶĂůŽŵƉĞƟƟǀĞŶĞƐƐŽƵŶĐŝůƚŽŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐŝŶƚŽŝƚƐƐƚƌĂƚĞŐLJĨŽƌŶĂƟŽŶĂůĐŽŵƉĞƟƟǀĞŶĞƐƐƚŚƌŽƵŐŚƚĞĐŚŶŝĐĂůŝŶƉƵƚƐĂŶĚĂƐĞƌŝĞƐŽĨǁŽƌŬƐŚŽƉƐ

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

14

ŚĂƐϯϰƉƌŽŐƌĂŵƐŝŶϮϬĐŽƵŶƚƌŝĞƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŵƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞŝƌƌĞŐŝŽŶĂůŽƌŶĂƟŽŶĂůĞĐŽŶŽŵŝĐŐŽĂůƐ

ƚLJƉŝĐĂůĐŽƵŶƚƌLJƉƌŽŐƌĂŵĐŽŶƐŝƐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚƉůĂŶWͿĂŶĂůLJƐŝƐĂŶĚĚĞƐŝŐŶĚŽŵĞƐƟĐĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐĂŶĚƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉƚŽƐƵƉƉŽƌƚWŝŵƉůĞŵĞŶƚĂƟŽŶ

ƐƉƌŽũĞĐƚĐLJĐůĞƐƚĂƌƚƐĨƌŽŵƵŶĚĞƌƐƚĂŶĚŝŶŐĂŐŝǀĞŶĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚŽďũĞĐƟǀĞƐĂŶĚƚŽƚŚĞŶĂƐƐĞƐƐƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŽĂĐŚŝĞǀĞƚŚĞŵtĞĚŽƚŚŝƐďLJĐŽŶĚƵĐƟŶŐƌŝŐŽƌŽƵƐƐĞĐƚŽƌͲďLJͲƐĞĐƚŽƌ ĂŶĂůLJƐŝƐĂŶĚďLJƉƌŝŽƌŝƟnjŝŶŐĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐĂůŽŶŐŵƵůƟƉůĞĚŝŵĞŶƐŝŽŶƐƚŚĂƚƌĞŇĞĐƚĂĐŽƵŶƚƌLJ ƐŽǁŶƉƌŝŽƌŝƟĞƐdŚŝƐůĞĂĚƐƚŽĚĞǀĞůŽƉŝŶŐŵƵůƟͲƐĞĐƚŽƌ ĐŽŵƉƌĞŚĞŶƐŝǀĞƐƚƌĂƚĞŐŝĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚdŚĞƐĞĂƌĞƚŚĞŶĂƐƐĞƐƐĞĚŝŶƚĞƌŵƐŽĨƚŚĞŝƌĐŽƐƚƐŝŶĐůƵĚŝŶŐƚŚĞŝƌŝŵƉůŝĐĂƟŽŶƐĨŽƌƚŚĞǁŝĚĞƌĞĐŽŶŽŵLJampŝŶĂůůLJďƵŝůĚŝŶŐŽŶŝŶƚĞƌŶĂƟŽŶĂůďĞƐƚƉƌĂĐƟĐĞƐƵƉƉŽƌƚƐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂƉƉƌŽƉƌŝĂƚĞŝŶƐƟƚƵƟŽŶĂůĨƌĂŵĞǁŽƌŬƐƚŽŝŵƉůĞŵĞŶƚƐƵĐŚƐƚƌĂƚĞŐŝĞƐĂŶĚĞǀĞŶƚƵĂůůLJŚĞůƉƐĐŽƵŶƚƌŝĞƐƚƌĂŶƐĨŽƌŵƚŚĞƐƚƌĂƚĞŐŝĞƐŝŶƚŽƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐƚŚĂƚĐĂŶĂƩƌĂĐƚĨƵŶĚŝŶŐĨƌŽŵƚŚĞƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞƐĞĐƚŽƌ

ƐĐƵƌƌĞŶƚŽƉĞƌĂƟŽŶƐƐƉĂŶĂĐƌŽƐƐĂǁŝĚĞƌĂŶŐĞŽĨƐĞĐƚŽƌƐĂŶĚĂĐƟǀŝƟĞƐampƌŽŵƐƵƉƉŽƌƟŶŐĂŶĂƟŽŶĂůĨŽƌĞƐƚƉůĂŶŝŶWĞƌƵƚŽĐŽůůĂďŽƌĂƟŶŐǁŝƚŚƚŚŝŽƉŝĂŽŶĂĐůŝŵĂƚĞƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJampƌŽŵŚĞůƉŝŶŐƚŽƐƚƌĞŶŐƚŚĞŶƐƚĂƚĞͲůĞǀĞůĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐŝŶltĂƌŶĂƚĂŬĂŶĚŝĂͿƚŽǁŽƌŬŝŶŐǁŝƚŚƚŚĞŶĞǁDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶŝŶDĞdžŝĐŽŽŶƉƌŝŽƌŝƟĞƐĨŽƌĂŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƚŚĂƚŚĂƐƚŚĞƉŽƚĞŶƟĂůƚŽŝŵƉĂĐƚƚŚĞůŝǀĞƐŽĨŵŽƌĞƚŚĂŶϯϬŵŝůůŝŽŶƉĞŽƉůĞ

ŶϮϬϭϯŝŶǀĞƐƚĞĚŚĞĂǀŝůLJŝŶŽŶͲƚŚĞͲŐƌŽƵŶĚĞdžƉĞƌƚƐƚŽĂĚǀŝƐĞƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐŽŶƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚƐƚĂƌƚĞĚŵŽǀŝŶŐŝƚƐƚĞĂŵƐƚŽďĞďĂƐĞĚŝŶƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĞdžƉĞƌƚƐŚĂǀĞďĞĞŶǁŽƌŬŝŶŐĐůŽƐĞůLJǁŝƚŚŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐĂŶĚĂŐĞŶĐŝĞƐŝŶŽƌĚĞƌƚŽŐĂŝŶĂŶŝŶͲĚĞƉƚŚƵŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚŬŶŽǁůĞĚŐĞŽĨůŽĐĂůƉƌŝŽƌŝƟĞƐdŚŝƐĂƉƉƌŽĂĐŚŚĞůƉƐƵŶĚĞƌƐƚĂŶĚďĞƩĞƌŝƚƐƉĂƌƚŶĞƌƐĂŶĚƚĂŝůŽƌŝƚƐƐƵƉƉŽƌƚĂŶĚĂůƐŽŚĞůƉƐŐŽǀĞƌŶŵĞŶƚƐďƵŝůĚŝŶƚĞƌŶĂůĐĂƉĂĐŝƚLJƚŽĞǀĞŶƚƵĂůůLJĐĂƌƌLJŽƵƚŐƌĞĞŶŐƌŽǁƚŚǁŽƌŬǁŝƚŚŽƵƚƚŚĞĂƐƐŝƐƚĂŶĐĞŽĨŽƵƚƐŝĚĞŐƌŽƵƉƐ

dŚĞĨŽůůŽǁŝŶŐĚĞƚĂŝůƐƚŚĞƐƚĂƚƵƐŝŶϮϬϭϯŽĨ ƐƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƐ

Working on the ground to develop

green growth strategies

Green Growth Planning

and Implementation

Latin America

16

Brazil

Focus Forestry

ampŽůůŽǁŝŶŐƵƉŽŶŝƚƐƐƵƉƉŽƌƚƚŽƌĂnjŝů ƐŶĂƟŽŶĂůĐůŝŵĂƚĞĐŚĂŶŐĞƐƚƌĂƚĞŐLJ ŝƐĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚDŽͿŝŶĚĞǀĞůŽƉŝŶŐĂƐƵƐƚĂŝŶĂďůĞƟŵďĞƌŝŶĚƵƐƚƌLJŝŶƚŚĞŵĂnjŽŶĂƐƉĂƌƚŽĨĂďƌŽĂĚĞƌƉŽůŝĐLJĨƌĂŵĞǁŽƌŬĚĞƐŝŐŶĞĚƚŽƌĞŝŶĨŽƌĐĞƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞƐŽĨĂƌŝŶƚĂĐŬůŝŶŐĚĞĨŽƌĞƐƚĂƟŽŶŝŶƚŚĞŵĂnjŽŶƌĞŐŝŽŶŝƐĐŽŶĐĞŶƚƌĂƟŶŐŝƚƐĞīŽƌƚƐŝŶƚŚĞdĂƉĂũŽƐďĂƐŝŶĂƚƚŚĞĨƌŽŶƟĞƌŽĨĨŽƌĞƐƚĚĞǀĞůŽƉŵĞŶƚŝĚĞŶƟĨLJŝŶŐƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚĂĐƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞĨŽƌĞƐƚŝŶĚƵƐƚƌLJ ƐƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚŐƌŽǁƚŚŶϮϬϭϯĐŽŶĚƵĐƚĞĚĂƐƵƌǀĞLJŽĨĐŽŵƉĂŶŝĞƐŝŶƚŚĞƐĞĐƚŽƌ ƉƌŽǀŝĚŝŶŐƚŚĞĮƌƐƚƚŚŽƌŽƵŐŚĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞďĂƌƌŝĞƌƐĨĂĐĞĚďLJƚŚĞŝŶĚƵƐƚƌLJŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞDŽƚŽŝŶƚĞŐƌĂƚĞƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚŝƐĞdžƉĞƌŝĞŶĐĞŝŶƚŽŶĂƟŽŶĂůƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐ

Case Study Colombia Amazon Basin

ƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚŽůŽŵďŝĂďĞŐĂŶŝŶĞĂƌůLJϮϬϭϯĂƐƉĂƌƚŽĨƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŵĂnjŽŶĂƐŝŶƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƚŝŶŝƟĂůůLJǁĂƐĚĞƐŝŐŶĞĚƚŽĂƐƐŝƐƚŵĂnjŽŶĂƐŝŶĐŽƵŶƚƌŝĞƐƚŽďƵŝůĚŝŶƚĞƌŶĂƟŽŶĂůƉĂƌƚŶĞƌƐŚŝƉƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞŝƌĨŽƌĞƐƚƐĂŶĚƉƌŽŵŽƚĞƚŚĞĂĚŽƉƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐ

ƵƌƌĞŶƚůLJ ŝƐĨŽĐƵƐŝŶŐŽŶŽůŽŵďŝĂǁŚĞƌĞƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐŚĂǀĞĚĞǀĞůŽƉĞĚĂƐƚƌŽŶŐƉĂƌƚŶĞƌƐŚŝƉŽŶĨŽƌĞƐƚƌLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚdŚĞĞīŽƌƚŝƐĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂůĂƌŐĞͲƐĐĂůĞŝŶǀĞƐƚŵĞŶƚƉůĂŶĂŶĚĨƵŶĚŝŶŐŵĞĐŚĂŶŝƐŵƚŽƐƵƉƉŽƌƚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐĞŶŐĂŐĞŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚŽƉƟŽŶƐŝŶƚŚĞŽůŽŵďŝĂŶŵĂnjŽŶZĞŐŝŽŶ

ŝƐƉĂƌƚŶĞƌŝŶŐǁŝƚŚŽůŽŵďŝĂ ƐDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂŶĚ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚD^ͿƚŽĂƐƐĞƐƐƚŚĞĨĞĂƐŝďŝůŝƚLJŽĨƚŚĞƉůĂŶĂŶĚĮŶĂŶĐŝŶŐǀĞŚŝĐůĞdŚĞŝŶŝƟĂƟǀĞĂŝŵƐƚŽŐĞŶĞƌĂƚĞƉĂLJŵĞŶƚƐĨƌŽŵĚŽŶŽƌƐŝŶƚŚĞƌĂŶŐĞŽĨΨϭϬϬŵŝůůŝŽŶƚŽΨϭϱϬŵŝůůŝŽŶƉĞƌLJĞĂƌƚŽĐŽŵƉĞŶƐĂƚĞĨŽƌƚŚĞĐŽƵŶƚƌLJ ƐƌĞĚƵĐĞĚĚĞĨŽƌĞƐƚĂƟŽŶƵƉƚŽnjĞƌŽŶĞƚŐŽĂůďLJϮϬϮϬŶƚŚĞĐŽŵŝŶŐLJĞĂƌƐŚŽƉĞƐƚŽĨƵƌƚŚĞƌĐŽůůĂďŽƌĂƚĞǁŝƚŚD^ƚŽŝĚĞŶƟĨLJůŝŶŬĂŐĞƐǁŝƚŚƚŚĞůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJƚŚĂƚŽůŽŵďŝĂŚĂƐĂůƌĞĂĚLJĚĞǀĞůŽƉĞĚ

ŶϮϬϭϯĂĐƟǀĞůLJĞŶŐĂŐĞĚŽƚŚĞƌŬĞLJŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐƚŽĞdžƉůŽƌĞƚŚĞƉŽƚĞŶƟĂůƚŽĨƵƌƚŚĞƌŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĐŽƵŶƚƌLJ ƐďƌŽĂĚĞƌĞĐŽŶŽŵŝĐƉůĂŶŶŝŶŐŶƉĂƌƟĐƵůĂƌ ŝƐŝŶƚŚĞĞĂƌůLJƐƚĂŐĞƐŽĨĚĞǀĞůŽƉŝŶŐĂŶĂŐĞŶĚĂŽĨǁŽƌŬǁŝƚŚƚŚĞEĂƟŽŶĂůWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚƚŽǁĂƌĚŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐŶĂƟŽŶĂůŐƌŽǁƚŚĂŶĚƐŽĐŝĂůŝŶĚŝĐĂƚŽƌƐĂŶĚŝŶƚŽŬĞLJƐĞĐƚŽƌƐ

17

Mexico

Focus Climate Change Adaptation

Urban Development and Transport

ĂƐƐŝƐƚĞĚƚŚĞDŝŶŝƐƚƌLJŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚ^DZEdͿŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨĐŽůŽŐLJĂŶĚůŝŵĂƚĞŚĂŶŐĞEͿƚŽĞdžƉĂŶĚƚŚĞƐĐŽƉĞŽĨDĞdžŝĐŽ ƐEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞ^ƚƌĂƚĞŐLJdŚŝƐǁĂƐĂĐŚŝĞǀĞĚƉƌŝŵĂƌŝůLJďLJŚĞůƉŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐůŝŵĂƚĞĂĚĂƉƚĂƟŽŶŝŶƚŽƚŚĞƐƚƌĂƚĞŐLJďĂƐĞĚŽŶƌŝƐŬŵĂŶĂŐĞŵĞŶƚƚŚĞĞǀĂůƵĂƟŽŶŽĨƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƟĐĞǀĞŶƚƐŽŶŬĞLJƐĞĐƚŽƌƐŽĨƚŚĞĞĐŽŶŽŵLJ ĂŶĚƚŚĞĂŶĂůLJƐĞƐĂŶĚƉƌŝŽƌŝƟnjĂƟŽŶŽĨĂĚĂƉƚĂƟŽŶĂĐƟŽŶƐŶĂĚĚŝƟŽŶĚĞǀĞůŽƉĞĚĂŵĞƚŚŽĚŽůŽŐLJƚŽŝĚĞŶƟĨLJŵƵŶŝĐŝƉĂůŝƟĞƐƚŚĂƚĂƌĞŵŽƐƚĂƚͲƌŝƐŬƚŽŵĂũŽƌĐůŝŵĂƚĞĞǀĞŶƚƐ

ŶϮϬϭϯĂůƐŽďĞŐĂŶǁŽƌŬŝŶŐǁŝƚŚƚŚĞDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶDĞͿƚŽĚĞǀĞůŽƉĂĨƌĂŵĞǁŽƌŬĨŽƌƌĞŐŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐdŚĞDĞƌĞƉƌĞƐĞŶƚƐĂŶŽǀĞůĂƉƉƌŽĂĐŚƚŽƚĂĐŬůŝŶŐĐƌŽƐƐͲũƵƌŝƐĚŝĐƟŽŶĂůĐŚĂůůĞŶŐĞƐĂŶĚŚĂƐďĞĞŶŐŝǀĞŶƚŚĞŵĂŶĚĂƚĞŽĨŽǀĞƌƐĞĞŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂĐƌŽƐƐϲƐƚĂƚĞƐŝŶĐĞŶƚƌĂůDĞdžŝĐŽƚŚĂƚƚŽŐĞƚŚĞƌĂĐĐŽƵŶƚĨŽƌĂďŽƵƚĂƚŚŝƌĚŽĨƚŚĞĐŽƵŶƚƌLJ ƐƉŽƉƵůĂƟŽŶŚĂƐŚĞůƉĞĚĂƐƐĞƐƐĂŶĚĚĞƐŝŐŶƉŽůŝĐŝĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶƚĂdžĞƐŽŶŐĂƐŽůŝŶĞĂŶĚǀĞŚŝĐůĞŽǁŶĞƌƐŚŝƉĂŶĚĐŽͲnjŽŶĞƐǁŝƚŚƌĞƐƚƌŝĐƚĞĚŵŽǀĞŵĞŶƚŽĨǀĞŚŝĐůĞƐ

Peru

Focus Forestry Competitiveness

WĞƌƵ ƐĨŽƌĞƐƚƐĞĐƚŽƌŚĂƐďĞĞŶƵŶĚĞƌŐŽŝŶŐĚƌĂŵĂƟĐĐŚĂŶŐĞŽǀĞƌƚŚĞƉĂƐƚƚŚƌĞĞLJĞĂƌƐǁŝƚŚĂƐĞƌŝĞƐŽĨŶĞǁƉŽůŝĐŝĞƐĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁampŽƌĞƐƚƌLJ^ĞƌǀŝĐĞĂŶĚampŽƌĞƐƚƌLJDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵŝƐŚĞůƉŝŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽŝƚƐEĂƟŽŶĂůampŽƌĞƐƚƌLJĂŶĚtŝůĚůŝĨĞWůĂŶEamptWͿŶϮϬϭϯŚĞůƉĞĚĞƐƚĂďůŝƐŚĂĐƌŽƐƐͲŵŝŶŝƐƚĞƌŝĂůƚĞĐŚŶŝĐĂůĐŽŵŵŝƩĞĞĂŶĚĂĚǀŝƐŽƌLJŐƌŽƵƉŐĂǀĞƚĞĐŚŶŝĐĂůĂƐƐŝƐƚĂŶĐĞŽŶƚŚĞĐŽŶƚĞŶƚŽĨƚŚĞEamptW ĂŶĚĐŽŶǀĞŶĞĚƐƚĂŬĞŚŽůĚĞƌƐƚŽĐŽŶƐŝĚĞƌĂŶĚƉƌŝŽƌŝƟnjĞŐƌĞĞŶŐƌŽǁƚŚŽďũĞĐƟǀĞƐĨŽƌƚŚĞĨŽƌĞƐƚƐĞĐƚŽƌ ŶϮϬϭϯĂůƐŽďĞŐĂŶƐƵƉƉŽƌƟŶŐƚŚĞEĂƟŽŶĂůŽŵƉĞƟƟǀĞŶĞƐƐŽƵŶĐŝůƚŽŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐŝŶƚŽŝƚƐƐƚƌĂƚĞŐLJĨŽƌŶĂƟŽŶĂůĐŽŵƉĞƟƟǀĞŶĞƐƐƚŚƌŽƵŐŚƚĞĐŚŶŝĐĂůŝŶƉƵƚƐĂŶĚĂƐĞƌŝĞƐŽĨǁŽƌŬƐŚŽƉƐ

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

Latin America

16

Brazil

Focus Forestry

ampŽůůŽǁŝŶŐƵƉŽŶŝƚƐƐƵƉƉŽƌƚƚŽƌĂnjŝů ƐŶĂƟŽŶĂůĐůŝŵĂƚĞĐŚĂŶŐĞƐƚƌĂƚĞŐLJ ŝƐĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚDŽͿŝŶĚĞǀĞůŽƉŝŶŐĂƐƵƐƚĂŝŶĂďůĞƟŵďĞƌŝŶĚƵƐƚƌLJŝŶƚŚĞŵĂnjŽŶĂƐƉĂƌƚŽĨĂďƌŽĂĚĞƌƉŽůŝĐLJĨƌĂŵĞǁŽƌŬĚĞƐŝŐŶĞĚƚŽƌĞŝŶĨŽƌĐĞƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞƐŽĨĂƌŝŶƚĂĐŬůŝŶŐĚĞĨŽƌĞƐƚĂƟŽŶŝŶƚŚĞŵĂnjŽŶƌĞŐŝŽŶŝƐĐŽŶĐĞŶƚƌĂƟŶŐŝƚƐĞīŽƌƚƐŝŶƚŚĞdĂƉĂũŽƐďĂƐŝŶĂƚƚŚĞĨƌŽŶƟĞƌŽĨĨŽƌĞƐƚĚĞǀĞůŽƉŵĞŶƚŝĚĞŶƟĨLJŝŶŐƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚĂĐƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞĨŽƌĞƐƚŝŶĚƵƐƚƌLJ ƐƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚŐƌŽǁƚŚŶϮϬϭϯĐŽŶĚƵĐƚĞĚĂƐƵƌǀĞLJŽĨĐŽŵƉĂŶŝĞƐŝŶƚŚĞƐĞĐƚŽƌ ƉƌŽǀŝĚŝŶŐƚŚĞĮƌƐƚƚŚŽƌŽƵŐŚĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞďĂƌƌŝĞƌƐĨĂĐĞĚďLJƚŚĞŝŶĚƵƐƚƌLJŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞDŽƚŽŝŶƚĞŐƌĂƚĞƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚŝƐĞdžƉĞƌŝĞŶĐĞŝŶƚŽŶĂƟŽŶĂůƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐ

Case Study Colombia Amazon Basin

ƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚŽůŽŵďŝĂďĞŐĂŶŝŶĞĂƌůLJϮϬϭϯĂƐƉĂƌƚŽĨƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŵĂnjŽŶĂƐŝŶƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƚŝŶŝƟĂůůLJǁĂƐĚĞƐŝŐŶĞĚƚŽĂƐƐŝƐƚŵĂnjŽŶĂƐŝŶĐŽƵŶƚƌŝĞƐƚŽďƵŝůĚŝŶƚĞƌŶĂƟŽŶĂůƉĂƌƚŶĞƌƐŚŝƉƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞŝƌĨŽƌĞƐƚƐĂŶĚƉƌŽŵŽƚĞƚŚĞĂĚŽƉƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐ

ƵƌƌĞŶƚůLJ ŝƐĨŽĐƵƐŝŶŐŽŶŽůŽŵďŝĂǁŚĞƌĞƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐŚĂǀĞĚĞǀĞůŽƉĞĚĂƐƚƌŽŶŐƉĂƌƚŶĞƌƐŚŝƉŽŶĨŽƌĞƐƚƌLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚdŚĞĞīŽƌƚŝƐĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂůĂƌŐĞͲƐĐĂůĞŝŶǀĞƐƚŵĞŶƚƉůĂŶĂŶĚĨƵŶĚŝŶŐŵĞĐŚĂŶŝƐŵƚŽƐƵƉƉŽƌƚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐĞŶŐĂŐĞŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚŽƉƟŽŶƐŝŶƚŚĞŽůŽŵďŝĂŶŵĂnjŽŶZĞŐŝŽŶ

ŝƐƉĂƌƚŶĞƌŝŶŐǁŝƚŚŽůŽŵďŝĂ ƐDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂŶĚ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚD^ͿƚŽĂƐƐĞƐƐƚŚĞĨĞĂƐŝďŝůŝƚLJŽĨƚŚĞƉůĂŶĂŶĚĮŶĂŶĐŝŶŐǀĞŚŝĐůĞdŚĞŝŶŝƟĂƟǀĞĂŝŵƐƚŽŐĞŶĞƌĂƚĞƉĂLJŵĞŶƚƐĨƌŽŵĚŽŶŽƌƐŝŶƚŚĞƌĂŶŐĞŽĨΨϭϬϬŵŝůůŝŽŶƚŽΨϭϱϬŵŝůůŝŽŶƉĞƌLJĞĂƌƚŽĐŽŵƉĞŶƐĂƚĞĨŽƌƚŚĞĐŽƵŶƚƌLJ ƐƌĞĚƵĐĞĚĚĞĨŽƌĞƐƚĂƟŽŶƵƉƚŽnjĞƌŽŶĞƚŐŽĂůďLJϮϬϮϬŶƚŚĞĐŽŵŝŶŐLJĞĂƌƐŚŽƉĞƐƚŽĨƵƌƚŚĞƌĐŽůůĂďŽƌĂƚĞǁŝƚŚD^ƚŽŝĚĞŶƟĨLJůŝŶŬĂŐĞƐǁŝƚŚƚŚĞůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJƚŚĂƚŽůŽŵďŝĂŚĂƐĂůƌĞĂĚLJĚĞǀĞůŽƉĞĚ

ŶϮϬϭϯĂĐƟǀĞůLJĞŶŐĂŐĞĚŽƚŚĞƌŬĞLJŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐƚŽĞdžƉůŽƌĞƚŚĞƉŽƚĞŶƟĂůƚŽĨƵƌƚŚĞƌŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĐŽƵŶƚƌLJ ƐďƌŽĂĚĞƌĞĐŽŶŽŵŝĐƉůĂŶŶŝŶŐŶƉĂƌƟĐƵůĂƌ ŝƐŝŶƚŚĞĞĂƌůLJƐƚĂŐĞƐŽĨĚĞǀĞůŽƉŝŶŐĂŶĂŐĞŶĚĂŽĨǁŽƌŬǁŝƚŚƚŚĞEĂƟŽŶĂůWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚƚŽǁĂƌĚŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐŶĂƟŽŶĂůŐƌŽǁƚŚĂŶĚƐŽĐŝĂůŝŶĚŝĐĂƚŽƌƐĂŶĚŝŶƚŽŬĞLJƐĞĐƚŽƌƐ

17

Mexico

Focus Climate Change Adaptation

Urban Development and Transport

ĂƐƐŝƐƚĞĚƚŚĞDŝŶŝƐƚƌLJŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚ^DZEdͿŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨĐŽůŽŐLJĂŶĚůŝŵĂƚĞŚĂŶŐĞEͿƚŽĞdžƉĂŶĚƚŚĞƐĐŽƉĞŽĨDĞdžŝĐŽ ƐEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞ^ƚƌĂƚĞŐLJdŚŝƐǁĂƐĂĐŚŝĞǀĞĚƉƌŝŵĂƌŝůLJďLJŚĞůƉŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐůŝŵĂƚĞĂĚĂƉƚĂƟŽŶŝŶƚŽƚŚĞƐƚƌĂƚĞŐLJďĂƐĞĚŽŶƌŝƐŬŵĂŶĂŐĞŵĞŶƚƚŚĞĞǀĂůƵĂƟŽŶŽĨƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƟĐĞǀĞŶƚƐŽŶŬĞLJƐĞĐƚŽƌƐŽĨƚŚĞĞĐŽŶŽŵLJ ĂŶĚƚŚĞĂŶĂůLJƐĞƐĂŶĚƉƌŝŽƌŝƟnjĂƟŽŶŽĨĂĚĂƉƚĂƟŽŶĂĐƟŽŶƐŶĂĚĚŝƟŽŶĚĞǀĞůŽƉĞĚĂŵĞƚŚŽĚŽůŽŐLJƚŽŝĚĞŶƟĨLJŵƵŶŝĐŝƉĂůŝƟĞƐƚŚĂƚĂƌĞŵŽƐƚĂƚͲƌŝƐŬƚŽŵĂũŽƌĐůŝŵĂƚĞĞǀĞŶƚƐ

ŶϮϬϭϯĂůƐŽďĞŐĂŶǁŽƌŬŝŶŐǁŝƚŚƚŚĞDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶDĞͿƚŽĚĞǀĞůŽƉĂĨƌĂŵĞǁŽƌŬĨŽƌƌĞŐŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐdŚĞDĞƌĞƉƌĞƐĞŶƚƐĂŶŽǀĞůĂƉƉƌŽĂĐŚƚŽƚĂĐŬůŝŶŐĐƌŽƐƐͲũƵƌŝƐĚŝĐƟŽŶĂůĐŚĂůůĞŶŐĞƐĂŶĚŚĂƐďĞĞŶŐŝǀĞŶƚŚĞŵĂŶĚĂƚĞŽĨŽǀĞƌƐĞĞŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂĐƌŽƐƐϲƐƚĂƚĞƐŝŶĐĞŶƚƌĂůDĞdžŝĐŽƚŚĂƚƚŽŐĞƚŚĞƌĂĐĐŽƵŶƚĨŽƌĂďŽƵƚĂƚŚŝƌĚŽĨƚŚĞĐŽƵŶƚƌLJ ƐƉŽƉƵůĂƟŽŶŚĂƐŚĞůƉĞĚĂƐƐĞƐƐĂŶĚĚĞƐŝŐŶƉŽůŝĐŝĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶƚĂdžĞƐŽŶŐĂƐŽůŝŶĞĂŶĚǀĞŚŝĐůĞŽǁŶĞƌƐŚŝƉĂŶĚĐŽͲnjŽŶĞƐǁŝƚŚƌĞƐƚƌŝĐƚĞĚŵŽǀĞŵĞŶƚŽĨǀĞŚŝĐůĞƐ

Peru

Focus Forestry Competitiveness

WĞƌƵ ƐĨŽƌĞƐƚƐĞĐƚŽƌŚĂƐďĞĞŶƵŶĚĞƌŐŽŝŶŐĚƌĂŵĂƟĐĐŚĂŶŐĞŽǀĞƌƚŚĞƉĂƐƚƚŚƌĞĞLJĞĂƌƐǁŝƚŚĂƐĞƌŝĞƐŽĨŶĞǁƉŽůŝĐŝĞƐĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁampŽƌĞƐƚƌLJ^ĞƌǀŝĐĞĂŶĚampŽƌĞƐƚƌLJDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵŝƐŚĞůƉŝŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽŝƚƐEĂƟŽŶĂůampŽƌĞƐƚƌLJĂŶĚtŝůĚůŝĨĞWůĂŶEamptWͿŶϮϬϭϯŚĞůƉĞĚĞƐƚĂďůŝƐŚĂĐƌŽƐƐͲŵŝŶŝƐƚĞƌŝĂůƚĞĐŚŶŝĐĂůĐŽŵŵŝƩĞĞĂŶĚĂĚǀŝƐŽƌLJŐƌŽƵƉŐĂǀĞƚĞĐŚŶŝĐĂůĂƐƐŝƐƚĂŶĐĞŽŶƚŚĞĐŽŶƚĞŶƚŽĨƚŚĞEamptW ĂŶĚĐŽŶǀĞŶĞĚƐƚĂŬĞŚŽůĚĞƌƐƚŽĐŽŶƐŝĚĞƌĂŶĚƉƌŝŽƌŝƟnjĞŐƌĞĞŶŐƌŽǁƚŚŽďũĞĐƟǀĞƐĨŽƌƚŚĞĨŽƌĞƐƚƐĞĐƚŽƌ ŶϮϬϭϯĂůƐŽďĞŐĂŶƐƵƉƉŽƌƟŶŐƚŚĞEĂƟŽŶĂůŽŵƉĞƟƟǀĞŶĞƐƐŽƵŶĐŝůƚŽŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐŝŶƚŽŝƚƐƐƚƌĂƚĞŐLJĨŽƌŶĂƟŽŶĂůĐŽŵƉĞƟƟǀĞŶĞƐƐƚŚƌŽƵŐŚƚĞĐŚŶŝĐĂůŝŶƉƵƚƐĂŶĚĂƐĞƌŝĞƐŽĨǁŽƌŬƐŚŽƉƐ

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

16

Brazil

Focus Forestry

ampŽůůŽǁŝŶŐƵƉŽŶŝƚƐƐƵƉƉŽƌƚƚŽƌĂnjŝů ƐŶĂƟŽŶĂůĐůŝŵĂƚĞĐŚĂŶŐĞƐƚƌĂƚĞŐLJ ŝƐĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚDŽͿŝŶĚĞǀĞůŽƉŝŶŐĂƐƵƐƚĂŝŶĂďůĞƟŵďĞƌŝŶĚƵƐƚƌLJŝŶƚŚĞŵĂnjŽŶĂƐƉĂƌƚŽĨĂďƌŽĂĚĞƌƉŽůŝĐLJĨƌĂŵĞǁŽƌŬĚĞƐŝŐŶĞĚƚŽƌĞŝŶĨŽƌĐĞƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞƐŽĨĂƌŝŶƚĂĐŬůŝŶŐĚĞĨŽƌĞƐƚĂƟŽŶŝŶƚŚĞŵĂnjŽŶƌĞŐŝŽŶŝƐĐŽŶĐĞŶƚƌĂƟŶŐŝƚƐĞīŽƌƚƐŝŶƚŚĞdĂƉĂũŽƐďĂƐŝŶĂƚƚŚĞĨƌŽŶƟĞƌŽĨĨŽƌĞƐƚĚĞǀĞůŽƉŵĞŶƚŝĚĞŶƟĨLJŝŶŐƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚĂĐƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞĨŽƌĞƐƚŝŶĚƵƐƚƌLJ ƐƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚŐƌŽǁƚŚŶϮϬϭϯĐŽŶĚƵĐƚĞĚĂƐƵƌǀĞLJŽĨĐŽŵƉĂŶŝĞƐŝŶƚŚĞƐĞĐƚŽƌ ƉƌŽǀŝĚŝŶŐƚŚĞĮƌƐƚƚŚŽƌŽƵŐŚĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞďĂƌƌŝĞƌƐĨĂĐĞĚďLJƚŚĞŝŶĚƵƐƚƌLJŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞDŽƚŽŝŶƚĞŐƌĂƚĞƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚŝƐĞdžƉĞƌŝĞŶĐĞŝŶƚŽŶĂƟŽŶĂůƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐ

Case Study Colombia Amazon Basin

ƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚŽůŽŵďŝĂďĞŐĂŶŝŶĞĂƌůLJϮϬϭϯĂƐƉĂƌƚŽĨƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐŵĂnjŽŶĂƐŝŶƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽũĞĐƚƚŝŶŝƟĂůůLJǁĂƐĚĞƐŝŐŶĞĚƚŽĂƐƐŝƐƚŵĂnjŽŶĂƐŝŶĐŽƵŶƚƌŝĞƐƚŽďƵŝůĚŝŶƚĞƌŶĂƟŽŶĂůƉĂƌƚŶĞƌƐŚŝƉƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞŝƌĨŽƌĞƐƚƐĂŶĚƉƌŽŵŽƚĞƚŚĞĂĚŽƉƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐ

ƵƌƌĞŶƚůLJ ŝƐĨŽĐƵƐŝŶŐŽŶŽůŽŵďŝĂǁŚĞƌĞƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐŚĂǀĞĚĞǀĞůŽƉĞĚĂƐƚƌŽŶŐƉĂƌƚŶĞƌƐŚŝƉŽŶĨŽƌĞƐƚƌLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚdŚĞĞīŽƌƚŝƐĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂůĂƌŐĞͲƐĐĂůĞŝŶǀĞƐƚŵĞŶƚƉůĂŶĂŶĚĨƵŶĚŝŶŐŵĞĐŚĂŶŝƐŵƚŽƐƵƉƉŽƌƚŝŶƚĞƌŶĂƟŽŶĂůĚŽŶŽƌƐĞŶŐĂŐĞŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚŽƉƟŽŶƐŝŶƚŚĞŽůŽŵďŝĂŶŵĂnjŽŶZĞŐŝŽŶ

ŝƐƉĂƌƚŶĞƌŝŶŐǁŝƚŚŽůŽŵďŝĂ ƐDŝŶŝƐƚƌLJŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂŶĚ^ƵƐƚĂŝŶĂďůĞĞǀĞůŽƉŵĞŶƚD^ͿƚŽĂƐƐĞƐƐƚŚĞĨĞĂƐŝďŝůŝƚLJŽĨƚŚĞƉůĂŶĂŶĚĮŶĂŶĐŝŶŐǀĞŚŝĐůĞdŚĞŝŶŝƟĂƟǀĞĂŝŵƐƚŽŐĞŶĞƌĂƚĞƉĂLJŵĞŶƚƐĨƌŽŵĚŽŶŽƌƐŝŶƚŚĞƌĂŶŐĞŽĨΨϭϬϬŵŝůůŝŽŶƚŽΨϭϱϬŵŝůůŝŽŶƉĞƌLJĞĂƌƚŽĐŽŵƉĞŶƐĂƚĞĨŽƌƚŚĞĐŽƵŶƚƌLJ ƐƌĞĚƵĐĞĚĚĞĨŽƌĞƐƚĂƟŽŶƵƉƚŽnjĞƌŽŶĞƚŐŽĂůďLJϮϬϮϬŶƚŚĞĐŽŵŝŶŐLJĞĂƌƐŚŽƉĞƐƚŽĨƵƌƚŚĞƌĐŽůůĂďŽƌĂƚĞǁŝƚŚD^ƚŽŝĚĞŶƟĨLJůŝŶŬĂŐĞƐǁŝƚŚƚŚĞůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJƚŚĂƚŽůŽŵďŝĂŚĂƐĂůƌĞĂĚLJĚĞǀĞůŽƉĞĚ

ŶϮϬϭϯĂĐƟǀĞůLJĞŶŐĂŐĞĚŽƚŚĞƌŬĞLJŐŽǀĞƌŶŵĞŶƚŵŝŶŝƐƚƌŝĞƐƚŽĞdžƉůŽƌĞƚŚĞƉŽƚĞŶƟĂůƚŽĨƵƌƚŚĞƌŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĐŽƵŶƚƌLJ ƐďƌŽĂĚĞƌĞĐŽŶŽŵŝĐƉůĂŶŶŝŶŐŶƉĂƌƟĐƵůĂƌ ŝƐŝŶƚŚĞĞĂƌůLJƐƚĂŐĞƐŽĨĚĞǀĞůŽƉŝŶŐĂŶĂŐĞŶĚĂŽĨǁŽƌŬǁŝƚŚƚŚĞEĂƟŽŶĂůWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚƚŽǁĂƌĚŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐŶĂƟŽŶĂůŐƌŽǁƚŚĂŶĚƐŽĐŝĂůŝŶĚŝĐĂƚŽƌƐĂŶĚŝŶƚŽŬĞLJƐĞĐƚŽƌƐ

17

Mexico

Focus Climate Change Adaptation

Urban Development and Transport

ĂƐƐŝƐƚĞĚƚŚĞDŝŶŝƐƚƌLJŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚ^DZEdͿŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨĐŽůŽŐLJĂŶĚůŝŵĂƚĞŚĂŶŐĞEͿƚŽĞdžƉĂŶĚƚŚĞƐĐŽƉĞŽĨDĞdžŝĐŽ ƐEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞ^ƚƌĂƚĞŐLJdŚŝƐǁĂƐĂĐŚŝĞǀĞĚƉƌŝŵĂƌŝůLJďLJŚĞůƉŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐůŝŵĂƚĞĂĚĂƉƚĂƟŽŶŝŶƚŽƚŚĞƐƚƌĂƚĞŐLJďĂƐĞĚŽŶƌŝƐŬŵĂŶĂŐĞŵĞŶƚƚŚĞĞǀĂůƵĂƟŽŶŽĨƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƟĐĞǀĞŶƚƐŽŶŬĞLJƐĞĐƚŽƌƐŽĨƚŚĞĞĐŽŶŽŵLJ ĂŶĚƚŚĞĂŶĂůLJƐĞƐĂŶĚƉƌŝŽƌŝƟnjĂƟŽŶŽĨĂĚĂƉƚĂƟŽŶĂĐƟŽŶƐŶĂĚĚŝƟŽŶĚĞǀĞůŽƉĞĚĂŵĞƚŚŽĚŽůŽŐLJƚŽŝĚĞŶƟĨLJŵƵŶŝĐŝƉĂůŝƟĞƐƚŚĂƚĂƌĞŵŽƐƚĂƚͲƌŝƐŬƚŽŵĂũŽƌĐůŝŵĂƚĞĞǀĞŶƚƐ

ŶϮϬϭϯĂůƐŽďĞŐĂŶǁŽƌŬŝŶŐǁŝƚŚƚŚĞDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶDĞͿƚŽĚĞǀĞůŽƉĂĨƌĂŵĞǁŽƌŬĨŽƌƌĞŐŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐdŚĞDĞƌĞƉƌĞƐĞŶƚƐĂŶŽǀĞůĂƉƉƌŽĂĐŚƚŽƚĂĐŬůŝŶŐĐƌŽƐƐͲũƵƌŝƐĚŝĐƟŽŶĂůĐŚĂůůĞŶŐĞƐĂŶĚŚĂƐďĞĞŶŐŝǀĞŶƚŚĞŵĂŶĚĂƚĞŽĨŽǀĞƌƐĞĞŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂĐƌŽƐƐϲƐƚĂƚĞƐŝŶĐĞŶƚƌĂůDĞdžŝĐŽƚŚĂƚƚŽŐĞƚŚĞƌĂĐĐŽƵŶƚĨŽƌĂďŽƵƚĂƚŚŝƌĚŽĨƚŚĞĐŽƵŶƚƌLJ ƐƉŽƉƵůĂƟŽŶŚĂƐŚĞůƉĞĚĂƐƐĞƐƐĂŶĚĚĞƐŝŐŶƉŽůŝĐŝĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶƚĂdžĞƐŽŶŐĂƐŽůŝŶĞĂŶĚǀĞŚŝĐůĞŽǁŶĞƌƐŚŝƉĂŶĚĐŽͲnjŽŶĞƐǁŝƚŚƌĞƐƚƌŝĐƚĞĚŵŽǀĞŵĞŶƚŽĨǀĞŚŝĐůĞƐ

Peru

Focus Forestry Competitiveness

WĞƌƵ ƐĨŽƌĞƐƚƐĞĐƚŽƌŚĂƐďĞĞŶƵŶĚĞƌŐŽŝŶŐĚƌĂŵĂƟĐĐŚĂŶŐĞŽǀĞƌƚŚĞƉĂƐƚƚŚƌĞĞLJĞĂƌƐǁŝƚŚĂƐĞƌŝĞƐŽĨŶĞǁƉŽůŝĐŝĞƐĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁampŽƌĞƐƚƌLJ^ĞƌǀŝĐĞĂŶĚampŽƌĞƐƚƌLJDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵŝƐŚĞůƉŝŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽŝƚƐEĂƟŽŶĂůampŽƌĞƐƚƌLJĂŶĚtŝůĚůŝĨĞWůĂŶEamptWͿŶϮϬϭϯŚĞůƉĞĚĞƐƚĂďůŝƐŚĂĐƌŽƐƐͲŵŝŶŝƐƚĞƌŝĂůƚĞĐŚŶŝĐĂůĐŽŵŵŝƩĞĞĂŶĚĂĚǀŝƐŽƌLJŐƌŽƵƉŐĂǀĞƚĞĐŚŶŝĐĂůĂƐƐŝƐƚĂŶĐĞŽŶƚŚĞĐŽŶƚĞŶƚŽĨƚŚĞEamptW ĂŶĚĐŽŶǀĞŶĞĚƐƚĂŬĞŚŽůĚĞƌƐƚŽĐŽŶƐŝĚĞƌĂŶĚƉƌŝŽƌŝƟnjĞŐƌĞĞŶŐƌŽǁƚŚŽďũĞĐƟǀĞƐĨŽƌƚŚĞĨŽƌĞƐƚƐĞĐƚŽƌ ŶϮϬϭϯĂůƐŽďĞŐĂŶƐƵƉƉŽƌƟŶŐƚŚĞEĂƟŽŶĂůŽŵƉĞƟƟǀĞŶĞƐƐŽƵŶĐŝůƚŽŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐŝŶƚŽŝƚƐƐƚƌĂƚĞŐLJĨŽƌŶĂƟŽŶĂůĐŽŵƉĞƟƟǀĞŶĞƐƐƚŚƌŽƵŐŚƚĞĐŚŶŝĐĂůŝŶƉƵƚƐĂŶĚĂƐĞƌŝĞƐŽĨǁŽƌŬƐŚŽƉƐ

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

17

Mexico

Focus Climate Change Adaptation

Urban Development and Transport

ĂƐƐŝƐƚĞĚƚŚĞDŝŶŝƐƚƌLJŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚ^DZEdͿŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨĐŽůŽŐLJĂŶĚůŝŵĂƚĞŚĂŶŐĞEͿƚŽĞdžƉĂŶĚƚŚĞƐĐŽƉĞŽĨDĞdžŝĐŽ ƐEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞ^ƚƌĂƚĞŐLJdŚŝƐǁĂƐĂĐŚŝĞǀĞĚƉƌŝŵĂƌŝůLJďLJŚĞůƉŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐůŝŵĂƚĞĂĚĂƉƚĂƟŽŶŝŶƚŽƚŚĞƐƚƌĂƚĞŐLJďĂƐĞĚŽŶƌŝƐŬŵĂŶĂŐĞŵĞŶƚƚŚĞĞǀĂůƵĂƟŽŶŽĨƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƟĐĞǀĞŶƚƐŽŶŬĞLJƐĞĐƚŽƌƐŽĨƚŚĞĞĐŽŶŽŵLJ ĂŶĚƚŚĞĂŶĂůLJƐĞƐĂŶĚƉƌŝŽƌŝƟnjĂƟŽŶŽĨĂĚĂƉƚĂƟŽŶĂĐƟŽŶƐŶĂĚĚŝƟŽŶĚĞǀĞůŽƉĞĚĂŵĞƚŚŽĚŽůŽŐLJƚŽŝĚĞŶƟĨLJŵƵŶŝĐŝƉĂůŝƟĞƐƚŚĂƚĂƌĞŵŽƐƚĂƚͲƌŝƐŬƚŽŵĂũŽƌĐůŝŵĂƚĞĞǀĞŶƚƐ

ŶϮϬϭϯĂůƐŽďĞŐĂŶǁŽƌŬŝŶŐǁŝƚŚƚŚĞDĞŐĂůŽƉŽůŝƐŶǀŝƌŽŶŵĞŶƚĂůŽŵŵŝƐƐŝŽŶDĞͿƚŽĚĞǀĞůŽƉĂĨƌĂŵĞǁŽƌŬĨŽƌƌĞŐŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƉŽůŝĐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐdŚĞDĞƌĞƉƌĞƐĞŶƚƐĂŶŽǀĞůĂƉƉƌŽĂĐŚƚŽƚĂĐŬůŝŶŐĐƌŽƐƐͲũƵƌŝƐĚŝĐƟŽŶĂůĐŚĂůůĞŶŐĞƐĂŶĚŚĂƐďĞĞŶŐŝǀĞŶƚŚĞŵĂŶĚĂƚĞŽĨŽǀĞƌƐĞĞŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂůŝƐƐƵĞƐĂĐƌŽƐƐϲƐƚĂƚĞƐŝŶĐĞŶƚƌĂůDĞdžŝĐŽƚŚĂƚƚŽŐĞƚŚĞƌĂĐĐŽƵŶƚĨŽƌĂďŽƵƚĂƚŚŝƌĚŽĨƚŚĞĐŽƵŶƚƌLJ ƐƉŽƉƵůĂƟŽŶŚĂƐŚĞůƉĞĚĂƐƐĞƐƐĂŶĚĚĞƐŝŐŶƉŽůŝĐŝĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶƚĂdžĞƐŽŶŐĂƐŽůŝŶĞĂŶĚǀĞŚŝĐůĞŽǁŶĞƌƐŚŝƉĂŶĚĐŽͲnjŽŶĞƐǁŝƚŚƌĞƐƚƌŝĐƚĞĚŵŽǀĞŵĞŶƚŽĨǀĞŚŝĐůĞƐ

Peru

Focus Forestry Competitiveness

WĞƌƵ ƐĨŽƌĞƐƚƐĞĐƚŽƌŚĂƐďĞĞŶƵŶĚĞƌŐŽŝŶŐĚƌĂŵĂƟĐĐŚĂŶŐĞŽǀĞƌƚŚĞƉĂƐƚƚŚƌĞĞLJĞĂƌƐǁŝƚŚĂƐĞƌŝĞƐŽĨŶĞǁƉŽůŝĐŝĞƐĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁampŽƌĞƐƚƌLJ^ĞƌǀŝĐĞĂŶĚampŽƌĞƐƚƌLJDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵŝƐŚĞůƉŝŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽŝƚƐEĂƟŽŶĂůampŽƌĞƐƚƌLJĂŶĚtŝůĚůŝĨĞWůĂŶEamptWͿŶϮϬϭϯŚĞůƉĞĚĞƐƚĂďůŝƐŚĂĐƌŽƐƐͲŵŝŶŝƐƚĞƌŝĂůƚĞĐŚŶŝĐĂůĐŽŵŵŝƩĞĞĂŶĚĂĚǀŝƐŽƌLJŐƌŽƵƉŐĂǀĞƚĞĐŚŶŝĐĂůĂƐƐŝƐƚĂŶĐĞŽŶƚŚĞĐŽŶƚĞŶƚŽĨƚŚĞEamptW ĂŶĚĐŽŶǀĞŶĞĚƐƚĂŬĞŚŽůĚĞƌƐƚŽĐŽŶƐŝĚĞƌĂŶĚƉƌŝŽƌŝƟnjĞŐƌĞĞŶŐƌŽǁƚŚŽďũĞĐƟǀĞƐĨŽƌƚŚĞĨŽƌĞƐƚƐĞĐƚŽƌ ŶϮϬϭϯĂůƐŽďĞŐĂŶƐƵƉƉŽƌƟŶŐƚŚĞEĂƟŽŶĂůŽŵƉĞƟƟǀĞŶĞƐƐŽƵŶĐŝůƚŽŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐŝŶƚŽŝƚƐƐƚƌĂƚĞŐLJĨŽƌŶĂƟŽŶĂůĐŽŵƉĞƟƟǀĞŶĞƐƐƚŚƌŽƵŐŚƚĞĐŚŶŝĐĂůŝŶƉƵƚƐĂŶĚĂƐĞƌŝĞƐŽĨǁŽƌŬƐŚŽƉƐ

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

Middle East and

North Africa

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

19

Middle East and

North Africa

United Arab Emirates

Focus Institutional Development National

Planning Green Growth Data System

^ŝŶĐĞƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂƌĞŐŝŽŶĂůŽĸĐĞŝŶƵůLJϮϬϭϭĂƚDĂƐĚĂƌŝƚLJͲďƵŚĂďŝŚĂƐƐƵƉƉŽƌƚĞĚƚŚĞhŐŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJE^ͿĂŶĚŽƚŚĞƌĂĐƟǀŝƟĞƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞh ƐƚƌĂŶƐŝƟŽŶƚŽǁĂƌĚƐŐƌĞĞŶĞĐŽŶŽŵLJdŚĞE^ǁĂƐƐƵďŵŝƩĞĚƚŽƚŚĞĂďŝŶĞƚŽĨDŝŶŝƐƚĞƌƐŝŶϮϬϭϯǁŝƚŚƉůĂŶƐĨŽƌŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰ

KǀĞƌĂůůƚŚĞE^ƉƌŽǀŝĚĞƐĂŚŽůŝƐƟĐƉůĂŶƚŚĂƚƐƉĂŶƐĂĐƌŽƐƐĂůůƐĞĐƚŽƌƐĂŶĚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĨĞĚĞƌĂůĂŶĚĞŵŝƌĂƚĞůĞǀĞůƐƚŽĞŶƐƵƌĞŐƌĞĞŶŐƌŽǁƚŚŝŶŝƟĂƟǀĞƐƚĂŬĞƌŽŽƚŝŶƚŚĞhŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶƵŵďĞƌŽĨƚĂƐŬƐĂƐƐŝƐƟŶŐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĐůƵĚŝŶŐĐŽŵƉƌĞŚĞŶƐŝǀĞƐŝƚƵĂƟŽŶĂŶĂůLJƐŝƐĞdžƚĞŶƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚďĞŶĐŚŵĂƌŬŝŶŐĂŶĂůLJƐŝƐŐƌĞĞŶŚŽƵƐĞŐĂƐĂďĂƚĞŵĞŶƚĐŽƐƚĂŶĂůLJƐŝƐŵĂĐƌŽĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐĂŶĚďƵŝůƚĂŐƌĞĞŶŐƌŽǁƚŚƌĞƉŽƐŝƚŽƌLJĂƐĂŶŝŶŝƟĂůĚĂƚĂĨŽƵŶĚĂƟŽŶĨŽƌŵŽŶŝƚŽƌŝŶŐĂŶĚĂƐƐĞƐƐŝŶŐƉƌŽŐƌĞƐƐŽŶŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞh

ĚĚŝƟŽŶĂůůLJ ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨampŽƌĞŝŐŶīĂŝƌƐŽĨƚŚĞhŝƐǁŽƌŬŝŶŐŽŶĂZĞŶĞǁĂďůĞDŝĐƌŽƌŝĚƐWƌŽũĞĐƚĨŽƌƚŚĞhĂŶĚDEƌĞŐŝŽŶŶϮϬϭϯĐŽŵƉůĞƚĞĚƚŚĞĮƌƐƚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĨŽĐƵƐĞĚŽŶƚŚĞĚĞƐŝŐŶĂŶĚǀĞƌŝĮĐĂƟŽŶŽĨĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉŽǁĞƌĞĚŵŝĐƌŽŐƌŝĚƐLJƐƚĞŵĨŽƌƚŚĞhŶϮϬϭϰǁŝůůĐŽŶĚƵĐƚĂŶŝŵƉůĞŵĞŶƚĂƟŽŶĂƐƐĞƐƐŵĞŶƚĂŶĚŝĚĞŶƟĨLJƐƵŝƚĂďůĞƐŝƚĞƐŝŶŽƚŚĞƌDEĐŽƵŶƚƌŝĞƐƚŚĂƚǁŽƵůĚďĞŶĞĮƚĨƌŽŵƐƵĐŚĂƐLJƐƚĞŵ

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

Northeast and

Central Asia

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

21

Northeast and

Central AsiaChina ndash Yunnan Province

Focus 5-year Green Growth Action Plan

Waste Management Transport

zƵŶŶĂŶWƌŽǀŝŶĐĞŝŶŚŝŶĂǁĂƐƐĞůĞĐƚĞĚďLJƚŚĞŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚĂƐŽŶĞŽĨĮǀĞƉŝůŽƚƉƌŽǀŝŶĐĞƐĨŽƌůŽǁͲĐĂƌďŽŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƐĐŽƉŝŶŐƉŽƚĞŶƟĂůǁŽƌŬŝŶƚŚĞƉƌŽǀŝŶĐĞŚĞůĚƚƌĂŝŶŝŶŐǁŽƌŬƐŚŽƉƐĨŽƌƉƌŽǀŝŶĐŝĂůŽĸĐŝĂůƐƚŽŝŶƚƌŽĚƵĐĞƚŚĞŵƚŽŝŶƚĞƌŶĂƟŽŶĂůĞdžƉĞƌŝĞŶĐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŶĚƵĐƚĞĚĨŽƵŶĚĂƟŽŶĂůƌĞƐĞĂƌĐŚŽŶƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůŝŶzƵŶŶĂŶWƌŽǀŝŶĐĞǁŝůůďĞŐŝŶƉƌŽŐƌĂŵŝŵƉůĞŵĞŶƚĂƟŽŶŝŶϮϬϭϰŝŶƐƵƉƉŽƌƚŽĨƉƌŽǀŝŶĐŝĂůŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐ

Kazakhstan

)RFXVUHHQ(FRQRPVWUDWHJampOLPDWHiquestQDQFLQJ ƐŝŶŝƟĂůǁŽƌŬŝŶltĂnjĂŬŚƐƚĂŶǁĂƐƚŽƉƌŽǀŝĚĞĂŶĂůLJƟĐĂŶĚƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƚŽƚŚĞŽǀĞƌŶŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐŝƚƐƌĞĞŶĐŽŶŽŵLJƐƚƌĂƚĞŐLJŶϮϬϭϯŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚtĂƚĞƌZĞƐŽƵƌĐĞƐĂŶĚŽƚŚĞƌĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐĐŽŶĚƵĐƚĞĚƐĐŽƉŝŶŐǁŽƌŬƚŽŝĚĞŶƟĨLJƉŽƚĞŶƟĂůƉƌŝŽƌŝƟĞƐĨŽƌĨƵƌƚŚĞƌǁŽƌŬĂŶĚƐƵďŵŝƩĞĚĂƉůĂŶƚŚĂƚĂŝŵƐƚŽƉƵƌƐƵĞĂŶĂůLJƐŝƐŽĨĐůŝŵĂƚĞĮŶĂŶĐŝŶŐƉŽƐƐŝďŝůŝƟĞƐtŽƌŬŽŶƚŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŐŝŶŝŶϮϬϭϰ

India

Focus Institutional Development Climate

Financing Urban Development

ƐǁŽƌŬŝŶŶĚŝĂǁĂƐůĂƵŶĐŚĞĚŝŶϮϬϭϮdŚĞƉŽƌƞŽůŝŽŽĨĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚƉƌŽũĞĐƚƐŝŶŶĚŝĂĨŽĐƵƐĞƐŽŶƚŚĞůŝŶŬĂŐĞƐŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶĂŶĐĞŝĞŶĂƟŽŶĂůƐƚĂƚĞƵƌďĂŶĂŶĚƌƵƌĂůĂƐǁĞůůĂƐĂĐƌŽƐƐĂƌĂŶŐĞŽĨŬĞLJƐĞĐƚŽƌƐͿ

ŶϮϬϭϯƉĞƌĨŽƌŵĞĚĂŶĂůLJƟĐĂůǁŽƌŬĨŽƌƚŚĞůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŽƌltĂƌŶĂƚĂŬĂĂƐƚƌĂƚĞŐLJƚŽĂĐĐĞůĞƌĂƚĞltĂƌŶĂƚĂŬĂ ƐŐƌĞĞŶŐƌŽǁƚŚƚƌĂŶƐŝƟŽŶdŚĞƉƌŽŐƌĂŵĐŽŶĚƵĐƚĞĚƚŚĞĮƌƐƚĞǀĞƌƐƚĂƚĞͲůĞǀĞůĞŶĞƌŐLJƐLJƐƚĞŵŵŽĚĞůŝŶŐĂŶĚƚŚĞŚŝŐŚĞƐƚƌĞƐŽůƵƟŽŶĐůŝŵĂƚĞĐŚĂŶŐĞŝŵƉĂĐƚĂƐƐĞƐƐŵĞŶƚƚŽĚĂƚĞƚĂŝŵƐƚŽďƵŝůĚƵƉŽŶƉƌŝŽƌŝŶŝƟĂƟǀĞƐĞŐƚŚĞ^ƚĂƚĞĐƟŽŶWůĂŶƐŽŶůŝŵĂƚĞŚĂŶŐĞͿĂŶĚŝŶĐŽƌƉŽƌĂƚĞďƌŽĂĚĞƌĐŽŶƐŝĚĞƌĂƟŽŶƐŽĨĞŶĞƌŐLJƐĞĐƵƌŝƚLJ ĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƐŽĐŝĂůŝŶĐůƵƐŝŽŶŝŶƚŽŵĂŝŶƐƚƌĞĂŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐ

ŶϮϬϭϯĂůƐŽůĂƵŶĐŚĞĚĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂĂŝŵĞĚĂƚĚĞǀĞůŽƉŝŶŐĂŶŝŶƚĞŐƌĂƚĞĚŶĂƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĚĞǀĞůŽƉŝŶŐƚǁŽƐƚĂƚĞͲůĞǀĞůŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐĂŶĚĂƐƐĞƐƐŝŶŐƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐampŝŶĂůůLJ ĂůƐŽůĂƵŶĐŚĞĚŝƚƐǁŽƌŬŽŶƌĞĞŶƌŽǁƚŚĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚŝŶŶĚŝĂŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞEĂƟŽŶĂůŶƐƟƚƵƚĞŽĨhƌďĂŶīĂŝƌƐ

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

22

Case Study Mongolia

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂƉƌŽũĞĐƚǁŝƚŚƚŚĞ^ƚŽĐŬŚŽůŵŶǀŝƌŽŶŵĞŶƚŶƐƟƚƵƚĞʹh^ĂďŽƵƚŐƌĞĞŶĞŶĞƌŐLJƐLJƐƚĞŵƐŝŶDŽŶŐŽůŝĂdŚĞƉƌŽũĞĐƚʹ^ƚƌĂƚĞŐŝĞƐĨŽƌĞǀĞůŽƉŵĞŶƚŽĨƌĞĞŶŶĞƌŐLJ^LJƐƚĞŵƐʹǁĂƐĂŶĂŶĂůLJƐŝƐŽĨĨŽƵƌďƌŽĂĚƉŽƚĞŶƟĂůƐĐĞŶĂƌŝŽƐĂďŽƵƚƚŚĞĐŽƵŶƚƌLJ ƐĞǀŽůǀŝŶŐĞŶĞƌŐLJƵƐĞŽǀĞƌƚŚĞŶĞdžƚϮϬƚŽϯϬLJĞĂƌƐdŚĞĂŶĂůLJƐŝƐƵƐĞĚgtŽŶŐͲƌĂŶŐĞŶĞƌŐLJĂŶĚůƚĞƌŶĂƟǀĞƐWůĂŶŶŝŶŐgtWͿƐŽŌǁĂƌĞĚĞǀĞůŽƉĞĚďLJ^Ͳh^

dŚĞĮƌƐƚƐĐĞŶĂƌŝŽĐĂůůĞĚƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽǁĂƐƐŝŵƉůLJĂĐŽŶƟŶƵĂƟŽŶŽĨĐƵƌƌĞŶƚƚƌĞŶĚƐĂŶĚƉƌĂĐƟĐĞƐdŚĞƐĞĐŽŶĚƚŚĞƌĞĐĞŶƚƉůĂŶƐƐĐĞŶĂƌŝŽǁĂƐŽŶĞďĂƐĞĚŽŶƌĞĐĞŶƚƉůĂŶƐĂŶĚƐƵŐŐĞƐƟŽŶƐĨƌŽŵƚŚĞDŝŶŝƐƚƌLJŽĨŶĞƌŐLJĂŶĚƚŚĞDŝŶŝƐƚƌLJŽĨŶǀŝƌŽŶŵĞŶƚĂŶĚƌĞĞŶĞǀĞůŽƉŵĞŶƚƚŽŝŶƚƌŽĚƵĐĞĂŐƌĂĚƵĂůĂŶĚůŝŵŝƚĞĚƐŚŝŌƚŽƌĞŶĞǁĂďůĞĞŶĞƌŐLJ dŚŝƐƐĐĞŶĂƌŝŽŝŶĐŽƌƉŽƌĂƚĞƐƚŚĞĚĞƉůŽLJŵĞŶƚŽĨŵŽƌĞŚLJĚƌŽͲƉŽǁĞƌ ǁŝŶĚƉŽǁĞƌ ĂŶĚŵŽƌĞĞŶĞƌŐLJͲĞĸĐŝĞŶƚŚŽƵƐŝŶŐŵĞƚŚŽĚƐƚŚĂŶƚŚĞďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƚƌĂũĞĐƚŽƌLJ dŚĞƚŚŝƌĚƐĐĞŶĂƌŝŽǁĂƐŽŶĞƚŚĂƚĞŵƉůŽLJĞĚĞdžƚĞŶƐŝǀĞĂŶĚĂŵďŝƟŽƵƐƌĞŶĞǁĂďůĞĂŶĚĞĸĐŝĞŶƚĞŶĞƌŐLJŵĞĂƐƵƌĞƐĂĐƌŽƐƐƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJĂŶĚĂƐƐƵŵĞĚĂƚƌĂŶƐŝƟŽŶĂǁĂLJĨƌŽŵĂĐŽĂůͲĚŽŵŝŶĂƚĞĚĞĐŽŶŽŵLJ dŚŝƐǁĂƐĚƵďďĞĚƚŚĞĞdžƉĂŶĚĞĚŐƌĞĞŶĞŶĞƌŐLJƐĐĞŶĂƌŝŽdŚĞĨŽƵƌƚŚĂŶĚůĂƐƚƐĐĞŶĂƌŝŽĚĞǀĞůŽƉĞĚǁĂƐƚŚĞƐĂŵĞĂƐƚŚĞƚŚŝƌĚďƵƚǁŝƚŚĂŶĂĚĚĞĚĐŽŵƉŽŶĞŶƚŽĨĂĐŚĂŶŐĞĨƌŽŵĞdžƉŽƌƟŶŐĐŽĂůĂŶĚŽŝůƚŽŶĞŝŐŚďŽƌŝŶŐĐŽƵŶƚƌŝĞƐƚŽƐĞůůŝŶŐĞůĞĐƚƌŝĐŝƚLJĚĞƌŝǀĞĚĨƌŽŵƌĞŶĞǁĂďůĞƐdŚŝƐǁĂƐĐĂůůĞĚƚŚĞƐŚŝŌƐŝŶĞŶĞƌŐLJĞdžƉŽƌƚƐƐĐĞŶĂƌŝŽ

dŚĞůĂƩĞƌƐĐĞŶĂƌŝŽƌĂŝƐĞĚƐƵďƐƚĂŶƟĂůŝŶƚĞƌĞƐƚĂƐŝƚĐŽƵůĚďĞĂƐŝŐŶŝĮĐĂŶƚƐŽƵƌĐĞŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌDŽŶŐŽůŝĂĂƐŝƚĞŵƉŚĂƐŝnjĞƐŐƌĞĞŶĞĐŽŶŽŵŝĐĞdžƉŽƌƚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚĐŽƵůĚƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐďLJϱϬƉĞƌĐĞŶƚĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞĨĞƌĞŶĐĞƐĐĞŶĂƌŝŽŚŽůĚŝŶŐĞŵŝƐƐŝŽŶƐĐŽŶƐƚĂŶƚĨƌŽŵϮϬϮϬdŚĞƌĞƐƵůƚƐŽĨƚŚĞŵŽĚĞůŝŶŐĞdžĞƌĐŝƐĞƐŚŽǁĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĞĞDŽŶŐŽůŝĂ ƐĞĐŽŶŽŵLJŐƌŽǁǁŚŝůĞƌĞĚƵĐŝŶŐŝƚƐĞŵŝƐƐŝŽŶƐŐƌŽǁƚŚĂŶĚĨƵƌƚŚĞƌĐŽŶƚƌŝďƵƟŶŐƚŽŐůŽďĂůĐůŝŵĂƚĞĐŚĂŶŐĞŵŝƟŐĂƟŽŶďLJĞdžƉŽƌƟŶŐƌĞŶĞǁĂďůĞĞůĞĐƚƌŝĐŝƚLJ ŵƉŽƌƚĂŶƚůLJ ƚŚĞĂŶĂůLJƐŝƐĐĂƌƌŝĞĚŽƵƚŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚŝƐƐĐĞŶĂƌŝŽǁŽƵůĚƐĂǀĞŽǀĞƌΨϰϬϬŵŝůůŝŽŶƚŽƚŚĞDŽŶŐŽůŝĂŶĞĐŽŶŽŵLJǁŚĞŶĐŽŵƉĂƌĞĚƚŽƚŚĞĮƌƐƚďƵƐŝŶĞƐƐͲĂƐͲƵƐƵĂůƐĐĞŶĂƌŝŽ

dŚĞͲ^ƉƌŽũĞĐƚĂůƐŽůŽŽŬĞĚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞDŽŶŐŽůŝĂŶŐŽǀĞƌŶŵĞŶƚĂƚƐŽŵĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐĞŵĞƌŐŝŶŐĨƌŽŵƚŚĞĂŶĂůLJƐŝƐƚƐŚŽƵůĚŚŽǁƚŚĞĐŽƵŶƚƌLJĐŽƵůĚƐƚƌĞŶŐƚŚĞŶŝƚƐϮϬϬϳZĞŶĞǁĂďůĞŶĞƌŐLJgtĂǁďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚ ƐĂŶĂůLJƐŝƐƌĞĨŽƌŵƐƵďƐŝĚŝĞƐŽŶĐŽĂůĚĞǀĞůŽƉŵŽƌĞĂŶĞŶĞƌŐLJĞĸĐŝĞŶƚďƵŝůĚŝŶŐĐŽĚĞĂŶĚŝŶƚƌŽĚƵĐĞŵŽƌĞƐƚƌŝŶŐĞŶƚĞĸĐŝĞŶĐLJƐƚĂŶĚĂƌĚƐŝŶƚŚĞƚƌĂŶƐƉŽƌƚƐĞĐƚŽƌ ǁŚĞƌĞĂůŽƚŽĨDŽŶŐŽůŝĂ ƐĞŶĞƌŐLJƵƐĞŝƐĞdžƉĞĐƚĞĚƚŽŐƌŽǁ

Uzbekistan

Focus Water Resource Management

ŶϮϬϭϯƐĐŽƉĞĚƐŽŵĞƉŽƚĞŶƟĂůǁŽƌŬƚŽŝĚĞŶƟĨLJŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶhnjďĞŬŝƐƚĂŶŝŶƚŚĞĐŽŶƚĞdžƚŽĨǁĂƚĞƌƐĞĐƵƌŝƚLJ ŶŝƟĂůůLJĨŽĐƵƐŝŶŐŽŶƚŚĞƌĂů^ĞĂĂŶĚŐĞŶĞƌĂƟŶŐĂĐŽŵƉĞŶĚŝƵŵŽĨǁĂƚĞƌĂŶĂůLJƐŝƐĨŽƌƚŚĞĮǀĞŶĂƟŽŶƐŽĨƚŚĞƌĂů^ĞĂ ƐϮϬϭϰǁŽƌŬǁŝůůĨŽĐƵƐŽŶƐĐŽƉŝŶŐƉŽƚĞŶƟĂůĂĐƟǀŝƟĞƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚŽĨhnjďĞŬŝƐƚĂŶ ƐsŝƐŝŽŶϮϬϯϬƐƚƌĂƚĞŐLJĂŶĚŝŶƉĂƌƟĐƵůĂƌ ŽŶƐƵƉƉŽƌƟŶŐŝŵƉƌŽǀĞĚǁĂƚĞƌŐŽǀĞƌŶĂŶĐĞƚŽƐƵƉƉŽƌƚĂĐŚŝĞǀŝŶŐƚŚĂƚǀŝƐŝŽŶĨŽƌƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚ

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

Southeast Asia and

3DFLiquestFVODQGV

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

24

Thailand

Focus Greenhouse Gas Abatement

dŚĂŝůĂŶĚ ƐůŝŵĂƚĞŚĂŶŐĞDĂƐƚĞƌWůĂŶŚĂƐĂŶŽǀĞƌĂůůŐŽĂůŽĨƌĞĚƵĐŝŶŐŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚŝŵƉĞĚŝŶŐƚŚĞĐŽƵŶƚƌLJ ƐĞĐŽŶŽŵŝĐŐƌŽǁƚŚŽƌĐŽŵƉĞƟƟǀĞŶĞƐƐŝƐŚĞůƉŝŶŐƚŚĞdŚĂŝŽǀĞƌŶŵĞŶƚďLJĚĞǀĞůŽƉŝŶŐĂƌŽĂĚŵĂƉĨŽƌƌĞĚƵĐƟŽŶŝŶƚǁŽƚŽƚŚƌĞĞŝŶĚƵƐƚƌLJƐƵďƐĞĐƚŽƌƐŶϮϬϭϯƚŚĞƉƌŽũĞĐƚǁĂƐŝŶƚŚĞŝŶŝƟĂůƐĐŽƉŝŶŐƐƚĂŐĞŶϮϬϭϰŝƚǁŝůůŵŽǀĞŝŶƚŽĚĞůŝǀĞƌLJŵŽĚĞǁŝƚŚĂŶĂůLJƐŝƐŽĨĂďĂƚĞŵĞŶƚƉŽƚĞŶƟĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƉŽůŝĐLJŵĞĂƐƵƌĞƐĨŽƌƚŚĞƐĞůĞĐƚĞĚƐƵďƐĞĐƚŽƌƐ

Vietnam

Focus Urban Development Investment

Strategy Water Management

ŚĂƐďĞĞŶƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚŽĨsŝĞƚŶĂŵŝŶŝŵƉůĞŵĞŶƟŶŐƚŚĞEĂƟŽŶĂůƌĞĞŶƌŽǁƚŚ^ƚƌĂƚĞŐLJs^ͿůĂƵŶĐŚĞĚŝŶ^ĞƉƚĞŵďĞƌϮϬϭϮĂŶĚŝŶŵĂŝŶƐƚƌĞĂŵŝŶŐŝƚŝŶƚŽĞdžŝƐƟŶŐƐŽĐŝŽͲĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐŽĂůƐĂŶĚƉůĂŶƐŶϮϬϭϯĐŽŵƉůĞƚĞĚĂũŽŝŶƚƉƌŽũĞĐƚǁŝƚŚhEͲddŽŶƚŚĞƌĞĞŶƌŽǁƚŚͲůĞĚŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚƌĂƚĞŐLJͲ^ͿŽĨĂEĂŶŐŝƚLJ ǁŚŝĐŚŝĚĞŶƟĮĞĚŬĞLJĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉƌŽŐƌĂŵƐĨŽƌƚŚĞĐŝƚLJ dŚĞƐƚƌĂƚĞŐLJ ƐƵďŵŝƩĞĚƚŽƚŚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚŽĨĂEĂŶŐŝŶEŽǀĞŵďĞƌϮϬϭϯǁŝůůďĞƉĂƌƚŽĨƚŚĞĐŝƚLJ ƐŽĸĐŝĂůƵƌďĂŶƉůĂŶŶŝŶŐĨƌĂŵĞǁŽƌŬƚƚŚĞŶĂƟŽŶĂůůĞǀĞůŚĂƐďĞĞŶĂƐƐŝƐƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚŶǀĞƐƚŵĞŶƚŝŶĚĞǀĞůŽƉŝŶŐĂŶĂůLJƟĐĂůƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐƚŽƉƌŝŽƌŝƟnjĞƉŽůŝĐLJĂĐƟŽŶƐĂŶĚŝŶǀĞƐƚŵĞŶƚĨŽƌŐƌĞĞŶŐƌŽǁƚŚ

ŚĂƐĂůƐŽĂƐƐŝƐƟŶŐƚŚĞsŝĞƚŶĂŵEĂƟŽŶĂůDĞŬŽŶŐŽŵŵŝƩĞĞsEDͿŝŶĂƐƐĞƐƐŝŶŐƚŚĞƉŽƚĞŶƟĂůŽĨƐƵƐƚĂŝŶĂďůĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĨŽƌƚŚĞDĞŬŽŶŐZŝǀĞƌĂƐŝŶŶKĐƚŽďĞƌϮϬϭϯƚŚĞDĞŬŽŶŐĞůƚĂǁĂƐƐĞůĞĐƚĞĚĂƐƚŚĞŝŶŝƟĂůĂƌĞĂĨŽƌĂƐƚƵĚLJĂƐƐĞƐƐŝŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶŽƉƉŽƌƚƵŶŝƟĞƐdŚĞƌĞƐƵůƚƐŽĨƚŚĞƐƚƵĚLJǁŝůůďĞƐƵďŵŝƩĞĚƚŽƚŚĞsEDŝŶϮϬϭϰ

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

25

Case Study Indonesia

dŚĞŽǀĞƌŶŵĞŶƚŽĨŶĚŽŶĞƐŝĂŽͿĂŶĚŚĂǀĞďĞĞŶǁŽƌŬŝŶŐƚŽŐĞƚŚĞƌƐŝŶĐĞϮϬϭϭƚŽĚĞǀĞůŽƉĂƉƌŽŐƌĂŵŽĨĂĐƟǀŝƚLJƚŚĂƚŝƐĂůŝŐŶĞĚǁŝƚŚŶĚŽŶĞƐŝĂ ƐĞdžŝƐƟŶŐǀŝƐŝŽŶĨŽƌĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐ

dŚĞũŽŝŶƚŽĂŶĚƐƚĂƚĞĚŐŽĂůŝƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂƚŚĂƚƌĞĐŽŐŶŝnjĞƐƚŚĞǀĂůƵĞŽĨŶĂƚƵƌĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞƐƌĞƐŝůŝĞŶĐĞďƵŝůĚƐůŽĐĂůĞĐŽŶŽŵŝĞƐĂŶĚŝƐŝŶĐůƵƐŝǀĞĂŶĚĞƋƵŝƚĂďůĞ

dŚĞƐƉĞĐŝĮĐŽďũĞĐƟǀĞƐƚŽĂĐŚŝĞǀĞƚŚŝƐŐŽĂůĂƌĞͻ dŽĞŶƐƵƌĞƚŚĞŐƌĞĞŶŐƌŽǁƚŚǀŝƐŝŽŶŵĂƚĐŚĞƐŽƌĞdžĐĞĞĚƐĞdžŝƐƟŶŐĚĞǀĞůŽƉŵĞŶƚ

ƚĂƌŐĞƚƐͻ dŽƚƌĂĐŬƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉƌŝŽƌŝƟĞƐŽĨŶĚŽŶĞƐŝĂďLJƉƌŽǀŝĚŝŶŐƚĂƌŐĞƚƐĂŶĚ

ŝŶĚŝĐĂƚŽƌƐͻ dŽĞǀĂůƵĂƚĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚŚĞĐŽƵŶƚƌLJ ƐĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉĂƚŚĂŐĂŝŶƐƚ

ŐƌĞĞŶŐƌŽǁƚŚƚĂƌŐĞƚƐĂŶĚŝŶĚŝĐĂƚŽƌƐͻ dŽŝĚĞŶƟĨLJƚŚĞŬĞLJƐĞĐƚŽƌƐĂŶĚŚŝŐŚŐƌĞĞŶŐƌŽǁƚŚƉŽƚĞŶƟĂůƉƌŽũĞĐƚƐĂŶĚŝŶǀĞƐƚŵĞŶƚ

ŝŶƚĞƌǀĞŶƟŽŶƐƚŚĂƚǁŝůůŚĞůƉĚĞůŝǀĞƌŐƌĞĞŶŐƌŽǁƚŚĚĞǀĞůŽƉŵĞŶƚͻ dŽŚĂƌŶĞƐƐƉƌŝǀĂƚĞƐĞĐƚŽƌĞŶŐĂŐĞŵĞŶƚĂŶĚŝŶǀĞƐƚŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĚĞůŝǀĞƌŝŶŐ

ŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐŝŶŶĚŽŶĞƐŝĂͻ dŽƵŶĚĞƌƚĂŬĞĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐƚŽĂŶĂůLJnjĞĞĂĐŚƉƌŽũĞĐƚƐŚŽǁŝŶŐƚŚĞŝƌĮŶĂŶĐŝĂů

ƌĞƚƵƌŶƐĂŶĚŝĚĞŶƟĨLJŝŶŐĂŶLJŐĂƉƐŝŶƚŚĞŝŶĐƌĞŵĞŶƚĂůƐƉĞŶĚƌĞƋƵŝƌĞĚƚŽƐĞĐƵƌĞŐƌĞĞŶƉƌŽũĞĐƚƐ

dŽĂĐŚŝĞǀĞƚŚŝƐƉƌŽǀŝĚĞƐƚĞĐŚŶŝĐĂůƐƵƉƉŽƌƚƌĞƐĞĂƌĐŚĂŶĚĐĂƉĂĐŝƚLJďƵŝůĚŝŶŐƚŚĂƚŝƐŝŶůŝŶĞǁŝƚŚŶĚŽŶĞƐŝĂ ƐǀŝƐŝŽŶĂŶĚĚŝƌĞĐƟŽŶŶƉƌŝůϮϬϭϯƚŚĞŽƐŝŐŶĞĚĂDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐŽĨŵƵƚƵĂůĐŽůůĂďŽƌĂƟŽŶƚŽůĂƵŶĐŚƉƌŽŐƌĂŵƐĂŶĚĂĐƟǀŝƟĞƐĨŽƌƚŚĞƉƌŽŵŽƟŽŶŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂ

dŚĞƉƌŽŐƌĂŵŝƐƐƚƌƵĐƚƵƌĞĚĂůŽŶŐƚŚƌĞĞĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬĐŽŵƉŽŶĞŶƚƐdŚĞĮƌƐƚŝƐĨŽĐƵƐĞĚŽŶŵĂŝŶƐƚƌĞĂŵŝŶŐŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚŝŶŶĚŽŶĞƐŝĂ ƐĞĐŽŶŽŵŝĐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐƉƌŽĐĞƐƐĞƐĂŶĚŝŶĐƌĞĂƐŝŶŐƚŚĞƵƐĞŽĨŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂƐǁĞůůĂƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŝŶĚƵƐƚƌLJ ĐƟǀŝƟĞƐŝŶĐůƵĚĞƐƵƉƉŽƌƟŶŐƚŚĞDŝŶŝƐƚƌLJŽĨWůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶĂƟŽŶĂůƌĞĞŶƌŽǁƚŚZŽĂĚŵĂƉdŚĞƐĞĐŽŶĚĐŽŵƉŽŶĞŶƚƌĞůĂƚĞƐƚŽƌĞĚƵĐŝŶŐĞŵŝƐƐŝŽŶƐĨŽƌŵĚĞĨŽƌĞƐƚĂƟŽŶĂŶĚĨŽƌĞƐƚĚĞŐƌĂĚĂƟŽŶZнͿŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŽƚŽĞŶƐƵƌĞƚŚĂƚZнĮŶĂŶĐĞƉƌŽŐƌĂŵƐĂŶĚƉŽůŝĐŝĞƐĐĂƚĂůLJnjĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶĚŽŶĞƐŝĂdŚŝƐŝŶǀŽůǀĞƐƐƵƉƉŽƌƟŶŐƐƵďͲŶĂƟŽŶĂůŐŽǀĞƌŶŵĞŶƚƐƚŽĚĞǀĞůŽƉŚŝŐŚͲƋƵĂůŝƚLJZнƉƌŽŐƌĂŵƐĂŶĚƚŽŵĂŝŶƐƚƌĞĂŵZнŝŶƚŽĚĞǀĞůŽƉŵĞŶƚƉůĂŶŶŝŶŐĂŶĚďƵĚŐĞƟŶŐƉƌŽĐĞƐƐĞƐdŚĞƚŚŝƌĚĐŽŵƉŽŶĞŶƚĨŽĐƵƐĞƐŽŶƌĞŐŝŽŶĂůĞŶŐĂŐĞŵĞŶƚƚŽƐƵƉƉŽƌƚŬĞLJƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐŚĂƐĂůƌĞĂĚLJƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞŐŽǀĞƌŶŵĞŶƚƐŽĨĂƐƚĂŶĚĞŶƚƌĂůltĂůŝŵĂŶƚĂŶƚŽĂƐƐŝƐƚƚŚĞŵǁŝƚŚƚŚĞŝƌŐƌĞĞŶŐƌŽǁƚŚŐŽĂůƐDŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝŶĂƐƚltĂůŝŵĂŶƚĂŶŝƐƉƌŽǀŝĚŝŶŐƚĞĐŚŶŝĐĂůŝŶƉƵƚĨŽƌƚŚĞƉƌŽǀŝŶĐĞ ƐŵĞĚŝƵŵͲƚĞƌŵĚĞǀĞůŽƉŵĞŶƚƉůĂŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϮϬϭϰƚŽϮϬϭϴŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶŝƐƐƵƉƉŽƌƟŶŐƚŚĞƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƚŽďƌŝŶŐƚŽŐĞƚŚĞƌŬĞLJƉƌŽǀŝŶĐŝĂůŝŶŝƟĂƟǀĞƐĂŶĚƉŽůŝĐLJŝŶƐƚƌƵŵĞŶƚƐŝŶƚŚĞĐŽŶƚĞdžƚŽĨŐƌĞĞŶŐƌŽǁƚŚĂŶĚĞdžƉůŽƌĞĂĚĚŝƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚŝŶƚĞƌǀĞŶƟŽŶƐŶĞŶƚƌĂůltĂůŝŵĂŶƚĂŶĂůƐŽƌĞĐĞŶƚůLJĐŽͲŚŽƐƚĞĚƚŚĞůĂƵŶĐŚŽĨƚŚĞĮƌƐƚĚŝƐƚƌŝĐƚůĞǀĞůĂĐƟǀŝƚLJŝŶDƵƌƵŶŐZĂLJĂƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚŝŶůĂŶĚƌĞŐŝŽŶŽĨƚŚĞƉƌŽǀŝŶĐĞƚŚĞŚĞĂĚůĂŶĚŽĨƚŚĞŵĂũŽƌĂƌŝƚŽƌŝǀĞƌƐLJƐƚĞŵ

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

26

3DFLiquestF6PDOOVODQGHYHORSLQJStates (SIDS) Scoping Project

Focus Institutional Development

dŚĞĐŽŵŵŝƚŵĞŶƚƚŽƉƵƌƐƵĞƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉŽǀĞƌƚLJĞƌĂĚŝĐĂƟŽŶƚŚƌŽƵŐŚŐƌĞĞŶŐƌŽǁƚŚŝƐƐƚƌŽŶŐĂŵŽŶŐƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐŝƐĚĞƐŝŐŶŝŶŐĂƐƚƌĂƚĞŐŝĐƌŽĂĚŵĂƉĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĨŽƌƚŚĞWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐǁŝƚŚĂĨŽĐƵƐŽŶƚŚĞŐƌŽǁƚŚƉŽƚĞŶƟĂůŽĨĚŝīĞƌĞŶƚĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐϮϬϭϯǁĂƐƉƌŝŵĂƌŝůLJĂLJĞĂƌŽĨŝŶŝƟĂůĂƐƐĞƐƐŵĞŶƚƐĂŶĚƐĐŽƉŝŶŐWƌŽŐƌĂŵĚĞůŝǀĞƌLJŝƐĞdžƉĞĐƚĞĚƚŽĐŽŵŵĞŶĐĞŝŶŵŝĚͲϮϬϭϰĂŶĚǁŝůůďĞŐŝŶǁŝƚŚĂĨŽĐƵƐŽŶƚǁŽWĂĐŝĮĐŝƐůĂŶĚĐŽƵŶƚƌŝĞƐĂŶĚĂƉƌŽũĞĐƚƚŽŝŶƚĞŐƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽƌĞŐŝŽŶĂůƉƌŽĐĞƐƐĞƐ

Cambodia

Focus Institutional Development National Planning

ŚĂƐďĞĞŶĂŬĞLJƉĂƌƚŶĞƌŽĨƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƐŝŶĐĞϮϬϭϭƚŚĂƐďĞĞŶďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŵŝŶŝƐƚƌŝĞƐĂŶĚƉƌŽǀŝŶĐŝĂůŐŽǀĞƌŶŵĞŶƚƐĂŶĚƉƌŽǀŝĚŝŶŐůĞŐĂůĂŶĚĞĐŽŶŽŵŝĐĂŶĂůLJƐŝƐƚŽĂƐƐĞƐƐŐƌĞĞŶŐƌŽǁƚŚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŚĞůƉĚĞƐŝŐŶŝŶƐƟƚƵƟŽŶƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚ ƐEĂƟŽŶĂůWŽůŝĐLJŽŶƌĞĞŶƌŽǁƚŚĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐWůĂŶŽŶƌĞĞŶƌŽǁƚŚdŚĞƐĞƚǁŽůĂŶĚŵĂƌŬƉŽůŝĐŝĞƐǁĞƌĞĂĚŽƉƚĞĚďLJƚŚĞŽǀĞƌŶŵĞŶƚŝŶϮϬϭϯ

ŶŽƚŚĞƌŬĞLJĨŽĐƵƐŽĨŝŶϮϬϭϯǁĂƐĂƐƐŝƐƟŶŐƚŚĞĂŵďŽĚŝĂŶŽǀĞƌŶŵĞŶƚƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶƚŽĐŽƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐƌĞĞŶŐƌŽǁƚŚŚĂƐďĞĞŶŝĚĞŶƟĮĞĚĂƐĂƉŽůŝĐLJŵĞĐŚĂŶŝƐŵŝŶďŽƚŚƚŚĞZĞĐƚĂŶŐƵůĂƌ^ƚƌĂƚĞŐLJϮϬϭϰͲϮϬϭϴĂŶĚƚŚĞEĂƟŽŶĂů^ƚƌĂƚĞŐŝĐĞǀĞůŽƉŵĞŶƚWůĂŶϮϬϭϰͲϮϬϭϴdŚĞƐĞŶĂƟŽŶĂůƉůĂŶƐǁŝůůŐƵŝĚĞƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŽĨĂŵďŽĚŝĂŽǀĞƌƚŚĞŶĞdžƚĨŽƵƌLJĞĂƌƐĂŶĚǁŝůůĂƐƐŝƐƚƚŚĞŽǀĞƌŶŵĞŶƚǁŝƚŚĂĐŚŝĞǀŝŶŐƉƌŝǀĂƚĞͲƐĞĐƚŽƌůĞĚŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŝŶŐŐƌĞĞŶŐƌŽǁƚŚƐĞĐƚŽƌĂůĂĐƟŽŶƉůĂŶƐŽǀĞƌƚŚŝƐƉĞƌŝŽĚ

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

27

Case Study The Philippines

dŚĞWŚŝůŝƉƉŝŶĞƐŚĂƐĞdžƉĞƌŝĞŶĐĞĚƐƚĞĂĚLJĞĐŽŶŽŵŝĐŐƌŽǁƚŚŝŶƌĞĐĞŶƚLJĞĂƌƐĂŶĚĨŽƌĞĐĂƐƚƐƐŚŽǁƚŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞĨŽƌĂƚůĞĂƐƚƚŚĞŶĞĂƌĨƵƚƵƌĞĞƐƉŝƚĞƚŚŝƐƉƌŽŵŝƐŝŶŐŽƵƚůŽŽŬŝƚƐŐĞŽŐƌĂƉŚŝĐůŽĐĂƟŽŶĂŶĚĂƌĐŚŝƉĞůĂŐŝĐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŵĂŬĞŝƚŽŶĞŽĨƚŚĞŵŽƐƚǀƵůŶĞƌĂďůĞĐŽƵŶƚƌŝĞƐŝŶƚŚĞǁŽƌůĚƚŽƚŚĞĞīĞĐƚƐŽĨĐůŝŵĂƚĞĐŚĂŶŐĞŶƌĞĐŽŐŶŝƟŽŶŽĨƚŚŝƐƐĞƌŝŽƵƐƚŚƌĞĂƚƚŽŝƚƐĞĐŽŶŽŵLJ ƚŚĞŽǀĞƌŶŵĞŶƚŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĞEĂƟŽŶĂůůŝŵĂƚĞŚĂŶŐĞĐƟŽŶWůĂŶƚŽƉƌŝŽƌŝƟnjĞĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJŝŶŝƚƐŽǀĞƌĂůůĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJ

ŚĂƐƚĞĂŵĞĚƵƉǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚ ƐůŝŵĂƚĞŚĂŶŐĞŽŵŵŝƐƐŝŽŶͿĨŽƌƚǁŽŵĂũŽƌƉƌŽũĞĐƚƐƚŽŝŶĐŽƌƉŽƌĂƚĞŐƌĞĞŶŐƌŽǁƚŚĂĐƟŽŶƉůĂŶƐŝŶƚŽŵƵŶŝĐŝƉĂůŝƟĞƐĂŶĚƉƌŽǀŝŶĐĞƐůŽĐĂƚĞĚǁŝƚŚŝŶĂŶĚĂƌŽƵŶĚŚŝŐŚͲƌŝƐŬďŝŽĚŝǀĞƌƐŝƚLJĂƌĞĂƐ

dŚĞĮƌƐƚƉƌŽũĞĐƚʹƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬʹǁĂƐĐŽŵƉůĞƚĞĚŝŶůĂƚĞϮϬϭϯĂŶĚǁĂƐĚĞƐŝŐŶĞĚƚŽĚĞŵŽŶƐƚƌĂƚĞŚŽǁĂƚͲƌŝƐŬŵƵŶŝĐŝƉĂůŝƟĞƐĐĂŶďĞĐŽŵĞĞĐŽůŽŐŝĐĂůůLJƐƚĂďůĞĂŶĚĞĐŽŶŽŵŝĐĂůůLJƌĞƐŝůŝĞŶƚƚŽĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞďƵůŬŽĨ ƐǁŽƌŬƚŽŽŬƉůĂĐĞŝŶƚŚĞƚŽǁŶŽĨ^ĂŶsŝĐĞŶƚĞWĂůĂǁĂŶĂŶĚĐŽŶĚƵĐƚĞĚĐůŝŵĂƚĞĐŚĂŶŐĞǀƵůŶĞƌĂďŝůŝƚLJĂŶĚƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĂĐĐŽƵŶƟŶŐĞdžĞƌĐŝƐĞƐŝŶŵƵůƟƉůĞƐĞĐƚŽƌƐŝŶĐůƵĚŝŶŐĂŐƌŝĐƵůƚƵƌĞĐŽĂƐƚĂůĂŶĚŵĂƌŝŶĞĨŽƌĞƐƚƌLJ ĂŶĚŚĞĂůƚŚdŚĞƐĞĂŶĂůLJƐĞƐŚĞůƉĞĚƉƌŝŽƌŝƟnjĞƐĞǀĞƌĂůĐůŝŵĂƚĞĐŚĂŶŐĞĂĚĂƉƚĂƟŽŶŽƉƟŽŶƐǁŚŝĐŚƉƌŽǀŝĚĞĚƚŚĞďĂƐŝƐĨŽƌĂĐůŝŵĂƚĞͲƉƌŽŽĮŶŐƉůĂŶĨŽƌ^ĂŶsŝĐĞŶƚĞdŚĞƐĞŝŶĐůƵĚĞŵŽĚĞƌŶŝnjŝŶŐĨĂƌŵŝŶŐƉƌĂĐƟĐĞƐŝŶƚƌŽĚƵĐŝŶŐŵŽƌĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚĐƌŽƉƐĞƐƚĂďůŝƐŚŝŶŐƐĞĂǁĂůůƐĂŶĚĚŝŬĞƐĂŶĚƐĞƫŶŐƵƉĂŶĞĂƌůLJǁĂƌŶŝŶŐƐLJƐƚĞŵ

dŚĞ^ĂŶsŝĐĞŶƚĞŵƵŶŝĐŝƉĂůŐŽǀĞƌŶŵĞŶƚǀŽƚĞĚƵŶĂŶŝŵŽƵƐůLJƚŽĂĚŽƉƚƚŚĞƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐdŚŝƐƉůĂŶǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƚŽǁŶ

dŚĞƐĞĐŽŶĚƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶƚĂŬŝŶŐƚŚĞůĞƐƐŽŶƐůĞĂƌŶĞĚĨƌŽŵƚŚĞĐŽͲƚŽǁŶampƌĂŵĞǁŽƌŬĂŶĚĂƉƉůLJŝŶŐƚŚĞŵĂƚƚŚĞƉƌŽǀŝŶĐŝĂůůĞǀĞůƵďďĞĚƚŚĞĐŽͲƚŽǁŶ^ĐĂůĞͲƵƉƚŚĞƐĐŽƉŝŶŐƉŚĂƐĞŽĨƚŚĞƉƌŽũĞĐƚďĞŐĂŶŝŶůĂƚĞϮϬϭϯĂŶĚŝƐĞdžƉĞĐƚĞĚƚŽďĞůĂƵŶĐŚĞĚŝŶϮϬϭϰƚǁŝůůĂŝŵĂƚĞŶŚĂŶĐŝŶŐĐůŝŵĂƚĞƌĞƐŝůŝĞŶĐĞĂŶĚƉƌŽŵŽƟŶŐŐƌĞĞŶŐƌŽǁƚŚŝŶĨŽƵƌƉƌŽǀŝŶĐĞƐǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽďĞƚŚĞŶƌĞƉůŝĐĂƚĞĚŝŶƉƌŽǀŝŶĐĞƐŶĂƟŽŶǁŝĚĞ

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

Sub-Saharan Africa

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

29

Case Study Ethiopia

ƐŝƚƐƚƌŝǀĞƐƚŽƌĞĂĐŚŵŝĚĚůĞͲŝŶĐŽŵĞƐƚĂƚƵƐďLJϮϬϮϱƚŚŝŽƉŝĂŚĂƐĐŽŵŵŝƩĞĚƚŽďƵŝůĚŝŶŐĂůŝŵĂƚĞZĞƐŝůŝĞŶƚƌĞĞŶĐŽŶŽŵLJZͿŝŶƌĞĐŽŐŶŝƟŽŶƚŚĂƚƚƌĂĚŝƟŽŶĂůĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚŝŶƚĞŶƐĞĨŽƐƐŝůĨƵĞůƵƐĞĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůĚĞŐƌĂĚĂƟŽŶŝƐŶŽƚƐƵƐƚĂŝŶĂďůĞ

ZĂŝŵƐƚŽďƵŝůĚĂƐŽĐŝĞƚLJƚŚĂƚŝƐĂďůĞƚŽǁŝƚŚƐƚĂŶĚƚŚĞƐŚŽĐŬƐĂŶĚƐƚƌĞƐƐĞƐĐĂƵƐĞĚďLJĂĐŚĂŶŐŝŶŐĐůŝŵĂƚĞƐŝƚŐƌŽǁƐƚŚŝŽƉŝĂĂůƐŽĂŝŵƐƚŽĚĞĐŽƵƉůĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚĨƌŽŵŐƌĞĞŶŚŽƵƐĞŐĂƐĞŵŝƐƐŝŽŶƐǁŝƚŚŶŽŝŶĐƌĞĂƐĞŝŶŶĞƚĞŵŝƐƐŝŽŶƐĨƌŽŵƚŽĚĂLJ ƐůĞǀĞůZĞĂůŝnjŝŶŐƚŚŝƐǀŝƐŝŽŶǁŝůůƌĞƋƵŝƌĞĐŽŽƌĚŝŶĂƚĞĚĂŶĚƐƵƐƚĂŝŶĞĚĞīŽƌƚƐďLJĂůůƐĞĐƚŽƌƐŽĨƚŚŝŽƉŝĂŶƐŽĐŝĞƚLJͶƚŚĞŐŽǀĞƌŶŵĞŶƚĐŝǀŝůƐŽĐŝĞƚLJ ĂŶĚŵŽƐƚŝŵƉŽƌƚĂŶƚƚŚĞƉƵďůŝĐ

ďĞŐĂŶŐƌĞĞŶŐƌŽǁƚŚƐƵƉƉŽƌƚŽƉĞƌĂƟŽŶƐŝŶƚŚŝŽƉŝĂŝŶϮϬϭϬŝŶŽŶĞŽĨŝƚƐĞĂƌůŝĞƐƚƉƌŽŐƌĂŵƐdŽĚĂLJ ƚŚĞŽƌŐĂŶŝnjĂƟŽŶ ƐǁŽƌŬŝŶƚŚĞĐŽƵŶƚƌLJŝƐĂŵŽŶŐŝƚƐůĂƌŐĞƐƚƉƌŽŐƌĂŵƐďŽƚŚŝŶƚĞƌŵƐŽĨƚŚĞĂŵďŝƟŽƵƐƐĐŽƉĞŽĨǁŽƌŬĂŶĚƚŚĞŶƵŵďĞƌŽĨĞdžƉĞƌƚƐŽŶƚŚĞŐƌŽƵŶĚdŚĞǁŽƌŬŝŶƚŚŝŽƉŝĂŚĂƐŝŶĐůƵĚĞĚƐƵƉƉŽƌƟŶŐƚŚĞŽǀĞƌŶŵĞŶƚ ƐůĂƵŶĐŚŽĨƚŚĞZƐƚƌĂƚĞŐLJŝŶϮϬϭϭĂŶĚƐƵƉƉŽƌƟŶŐŐŽǀĞƌŶŵĞŶƚĞīŽƌƚƐƚŽĚĞǀĞůŽƉŽƚŚĞƌ ŵŽƌĞƐƉĞĐŝĮĐĐůŝŵĂƚĞƌĞƐŝůŝĞŶƚƐƚƌĂƚĞŐŝĞƐŝŶƚŚĞĂŐƌŝĐƵůƚƵƌĞĞŶĞƌŐLJ ĂŶĚǁĂƚĞƌƐĞĐƚŽƌƐŝŶϮϬϭϰ

ŶϮϬϭϯǁŽƌŬĞĚĐůŽƐĞůLJǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚƚŽĚĞƐŝŐŶƚŚĞ^ĞĐƚŽƌĂůZĞĚƵĐƟŽŶDĞĐŚĂŶŝƐŵ^ZDͿͶƚŚĞŵĞĐŚĂŶŝƐŵǁŝƚŚŝŶƚŚĞZĨŽƌƉůĂŶŶŝŶŐŵŽďŝůŝnjŝŶŐĮŶĂŶĐĞĂŶĚĞǀĂůƵĂƟŶŐĂĐƟŽŶŽŶƚŚĞŐƌŽƵŶĚƚĂůƐŽŚĞůƉĞĚĞƐƚĂďůŝƐŚĂŶĚŽƉĞƌĂƟŽŶĂůŝnjĞƚŚĞZampĂĐŝůŝƚLJ ǁŚŝĐŚǁŝůůĂůůŽǁƚŚŝŽƉŝĂƚŽĂŐŐƌĞŐĂƚĞƌĞƐŽƵƌĐĞƐĨƌŽŵĂƌĂŶŐĞŽĨƐŽƵƌĐĞƐĂŶĚĚĞƉůŽLJŝƚƐƚƌĂƚĞŐŝĐĂůůLJĂŶĚĞīĞĐƟǀĞůLJƚŽŵĞĞƚŝƚƐZŽďũĞĐƟǀĞƐ

ϮϬϭϯŚĂƐƐĞĞŶƐŽŵĞĞĂƌůLJƌĞƐƵůƚƐŽĨƚŚĞǁŽƌŬĐĂƌƌŝĞĚŽƵƚďLJƚŚĞƚŚŝŽƉŝĂŶŐŽǀĞƌŶŵĞŶƚŽŶŐƌĞĞŶŐƌŽǁƚŚǁŝƚŚƐƵďƐƚĂŶƟĂůĐŽŵŵŝƚŵĞŶƚŽĨĨƵŶĚŝŶŐĨƌŽŵĚŽŶŽƌƐƚŽƐƵƉƉŽƌƚƚŚĞZƐƚƌĂƚĞŐLJƐƵĐŚĂƐƚŚĞΨϮϰŵĐŽŵŵŝƚŵĞŶƚďLJƚŚĞhltŽǀĞƌŶŵĞŶƚͿĂŶĚƐŽŵĞĞĂƌůLJďƵƚƐŝŐŶŝĮĐĂŶƚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚŝŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJ ŵŽƐƚůLJŝŶǁŝŶĚĂŶĚŐĞŽƚŚĞƌŵĂů

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

30

Case Study Rwanda

ŶϮϬϭϯĐŽŵƉůĞƚĞĚĂLJĞĂƌͲůŽŶŐƉƌŽũĞĐƚǁŝƚŚƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĨŽĐƵƐĞĚŽŶƐƵƉƉŽƌƟŶŐŝŶĐůƵƐŝǀĞŐƌĞĞŶŐƌŽǁƚŚƐƉĞĐŝĮĐĂůůLJƚŽĂĚĚƌĞƐƐŝƚƐƐĞǀĞƌĞŚŽƵƐŝŶŐƐŚŽƌƚĂŐĞƐĨŽƌůŽǁͲŝŶĐŽŵĞƉĞŽƉůĞĂŶĚĂƌĂƉŝĚůLJŝŶĐƌĞĂƐŝŶŐƌĂƚĞŽĨƵƌďĂŶŝnjĂƟŽŶdŚĞƉƌŽũĞĐƚŚĞůƉĞĚĚĞǀĞůŽƉƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶƐƵŝƚĂďůĞůŽǁͲĐŽƐƚĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůůLJĨƌŝĞŶĚůLJŚŽƵƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶŵĂƚĞƌŝĂůƐĂŶĚƚŽĚĞǀĞůŽƉƉƌŽƚŽƚLJƉĞƐƵƐƚĂŝŶĂďůĞĂīŽƌĚĂďůĞŚŽƵƐŝŶŐƵŶŝƚƐďĂƐĞĚŽŶůŽĐĂůĐůŝŵĂƚĞĐŽŶĚŝƟŽŶƐƚŽŵĂdžŝŵŝnjĞŶĂƚƵƌĂůƌĞƐŽƵƌĐĞĞĸĐŝĞŶĐLJ dŚĞŽǀĞƌŶŵĞŶƚŶŽǁĂŝŵƐƚŽŵŽǀĞĨƌŽŵƚŚĞƉƌŽƚŽƚLJƉĞƐƚĂŐĞƚŽďƵŝůĚŝŶŐĂĐƚƵĂůĂīŽƌĚĂďůĞĂŶĚƐƵƐƚĂŝŶĂďůĞŚŽƵƐŝŶŐ

ůƐŽĂƚƚŚĞƌĞƋƵĞƐƚŽĨƚŚĞŽǀĞƌŶŵĞŶƚĂŶĚǁŝƚŚĂǀŝĞǁƚŽŝŶĨŽƌŵŝŶŐƚŚĞĞůĂďŽƌĂƟŽŶŽĨĂƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂƉƌĞƐĞŶƚĞĚĂƐĞƚŽĨĞŶĞƌŐLJĞĸĐŝĞŶƚŵĞĂƐƵƌĞƐŝŶƚŚĞŚŽƵƐŝŶŐĂŶĚďƵŝůĚŝŶŐƐĞĐƚŽƌ ĐŽŵďŝŶŝŶŐƌĞŐƵůĂƟŽŶƐĂŶĚŵĂƌŬĞƚͲďĂƐĞĚŽƉƟŽŶƐŝŶĐĞŶƟǀĞƐĂŶĚĂǁĂƌĞŶĞƐƐƐƉĞĐŝĮĐĂůůLJƐƵŝƚĞĚƚŽƚŚĞZǁĂŶĚĂŶĐŽŶƚĞdžƚZĞĐŽŐŶŝnjŝŶŐƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨƌĞŐƵůĂƚŽƌLJĂŶĚůĞŐŝƐůĂƟǀĞŝŶƐƚƌƵŵĞŶƚƐƚŚĞĨŽĐƵƐǁĂƐƉůĂĐĞĚŽŶƚŚĞƉŽƐƐŝďůĞĨƌĂŵĞǁŽƌŬĂŶĚĐŽŵƉŽƐŝƟŽŶŽĨƚŚĞĨƵƚƵƌĞƵŝůĚŝŶŐŽĚĞŝŶZǁĂŶĚĂĂŶĚĂĚĚŝƟŽŶĂůůLJŚŽǁĚŝīĞƌĞŶƚĞŶĞƌŐLJĞĸĐŝĞŶĐLJŵĞĂƐƵƌĞƐĐĂŶďĞŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞƌĞůĂƚĞĚůĂǁƐĂŶĚƌĞŐƵůĂƟŽŶƐ

ŶϮϬϭϯƚŚĞŽǀĞƌŶŵĞŶƚŽĨZǁĂŶĚĂĂŶĚĂůƐŽƐĐŽƉĞĚĂŶĚůĂƵŶĐŚĞĚĂŶĞǁƉĂƌƚŶĞƌƐŚŝƉƉƌŽũĞĐƚŽŶŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶƚŚƌŽƵŐŚĚĞǀĞůŽƉŝŶŐƐĞĐŽŶĚĂƌLJĐŝƟĞƐĂƐŵŽĚĞůŐƌĞĞŶĐŝƟĞƐǁŝƚŚŐƌĞĞŶĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƟĞƐdŚĞŽďũĞĐƟǀĞŝƐƚŽƐƵƉƉŽƌƚƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶŝŵƉůĞŵĞŶƟŶŐŝƚƐ^ĞĐŽŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚWŽǀĞƌƚLJZĞĚƵĐƟŽŶ^ƚƌĂƚĞŐLJϮϬϭϯͲϮϬϭϴWZ^ϮͿĂŶĚƚŚĞ^ƚƌĂƚĞŐLJĨŽƌƌĞĞŶƌŽǁƚŚĂŶĚůŝŵĂƚĞZĞƐŝůŝĞŶĐĞƉĂƌƟĐƵůĂƌůLJŝŶƚŚĞĂƌĞĂƐŽĨŐƌĞĞŶƵƌďĂŶŝnjĂƟŽŶĂŶĚŐƌĞĞŶĞĐŽŶŽŵLJ dŚĞŽƵƚƉƵƚŝƐŝŶƚĞŶĚĞĚƚŽďĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŐƌĞĞŶĐŝƚLJĨƌĂŵĞǁŽƌŬĂŶĚŐƵŝĚĞůŝŶĞƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞƐĂƉĂĐŬĂŐĞŽĨŐŽǀĞƌŶŵĞŶƚŝŶƚĞƌǀĞŶƟŽŶƐĂŶĚƐĞĐƚŽƌĂůƉŽůŝĐŝĞƐĨŽƌŐƌĞĞŶƐĞĐŽŶĚĂƌLJĐŝƚLJĚĞǀĞůŽƉŵĞŶƚĐƟǀŝƟĞƐǁŝůůƐƚĂƌƚŝŶϮϬϭϰ

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

31

South Africa

Focus Mining Transport

ƐǁŽƌŬŝŶ^ŽƵƚŚĨƌŝĐĂŝŶϮϬϭϯĂƐƐĞƐƐĞĚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞŝŶĐƌĞĂƐĞƐŽŶƐĞůĞĐƚĞĚǀĂůƵĞĐŚĂŝŶƐŝŶƚŚĞŵŝŶŝŶŐŝŶĚƵƐƚƌLJdŚĞ^ŽƵƚŚĨƌŝĐĂŶŐŽǀĞƌŶŵĞŶƚ ƐĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͿĂŶĚĐŽůůĂďŽƌĂƚĞĚƚŽĐŽŶĚƵĐƚƉƌŝŵĂƌLJƌĞƐĞĂƌĐŚƚŚĂƚĞdžƉůŽƌĞƐƚŚĞĞīĞĐƚŽĨŝŶĐƌĞĂƐĞƐŝŶĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐŽŶĮƌŵƐĐŽŵƉĞƟƟǀĞŶĞƐƐĐŽǀĞƌŝŶŐĮǀĞǀĂůƵĞͲĐŚĂŝŶƐͶĐŽĂůŐŽůĚƉůĂƟŶƵŵŝƌŽŶŽƌĞĂŶĚĂůƵŵŝŶƵŵdŚĞƌĞƐĞĂƌĐŚĂůƐŽŝŶǀĞƐƟŐĂƚĞƐŵŝƟŐĂƟŽŶƐƚƌĂƚĞŐŝĞƐŽĨĮƌŵƐƚŽƌĞĚƵĐĞƚŚĞŝƌĞdžƉŽƐƵƌĞƚŽŚŝŐŚĞƌĞůĞĐƚƌŝĐŝƚLJƉƌŝĐĞƐĞƐƉĞĐŝĂůůLJƚŚĞŝƌĐƵƌƌĞŶƚĂŶĚƉůĂŶŶĞĚŝŶǀĞƐƚŵĞŶƚƐŝŶĞŶĞƌŐLJͲƐĂǀŝŶŐŵĞƚŚŽĚƐŽƌĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJ

dŚĞƉƌŽũĞĐƚǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶĞƌŐLJƉŽůŝĐLJƐŚŽƵůĚďĞĚĞƐŝŐŶĞĚƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶĐŽůůĞĐƚĞĚƉƌŝŵĂƌŝůLJĂƚƚŚĞǀĂůƵĞͲĐŚĂŝŶůĞǀĞůƌĂƚŚĞƌƚŚĂŶƚŚĞĂŐŐƌĞŐĂƚĞůĞǀĞůŚĂƐĂůƐŽĞŶĐŽƵƌĂŐĞĚŐƌĞĂƚĞƌ^ŽƵƚŚͲ^ŽƵƚŚŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶ^ŽƵƚŚĨƌŝĐĂĂŶĚƌĂnjŝůŽŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ ŶEŽǀĞŵďĞƌϮϬϭϯĂŵƵůƟͲƐƚĂŬĞŚŽůĚĞƌǁŽƌŬƐŚŽƉǁĂƐŚĞůĚǁŚĞƌĞďƵƐŝŶĞƐƐĞƐĂŶĚŐŽǀĞƌŶŵĞŶƚŽĸĐŝĂůƐĚŝƐĐƵƐƐĞĚƚŚĞƉƌĞůŝŵŝŶĂƌLJĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚ

Renewable Energy Potential for

Green Growth in the East African

Community (EAC) Scoping Project

Focus Renewable Energy for Green Growth

dŚĞĂƐƚĨƌŝĐĂŶŽŵŵƵŶŝƚLJͿŝƐĂƌĞŐŝŽŶĂůŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůŽƌŐĂŶŝnjĂƟŽŶĐŽŵƉŽƐĞĚŽĨƵƌƵŶĚŝltĞŶLJĂZǁĂŶĚĂdĂŶnjĂŶŝĂĂŶĚhŐĂŶĚĂ^ƟůůĂƚƐĐŽƉŝŶŐƐƚĂŐĞŝƐŝŶĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞ^ĞĐƌĞƚĂƌŝĂƚĂŶĚŝƚƐŬĞLJĚĞǀĞůŽƉŵĞŶƚƉĂƌƚŶĞƌƐŝŶĐůƵĚŝŶŐhEKĂŶĚZEƚŽƐƵƉƉŽƌƚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƉŽƚĞŶƟĂůĨŽƌŐƌĞĞŶŐƌŽǁƚŚŽĨƌĞŶĞǁĂďůĞĞŶĞƌŐLJŝŶƚŚĞƌĞŐŝŽŶŶϮϬϭϯĨŽĐƵƐĞĚŽŶƉĂƌƚŶĞƌƐŚŝƉďƵŝůĚŝŶŐǁŝƚŚƚŚĞĂŶĚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƉƌŽƉŽƐĂůĚĞǀĞůŽƉŵĞŶƚŽŶƌĞŶĞǁĂďůĞĞŶĞƌŐLJĂŶĚŐƌĞĞŶŐƌŽǁƚŚŝŶƚŚĞƌĞŐŝŽŶ

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

32

Knowledge Development

amp Management

hŶĚĞƌŝƚƐltDƉƌŽŐƌĂŵĚĞǀĞůŽƉƐƉƌĂĐƟƟŽŶĞƌͲŽƌŝĞŶƚĞĚŬŶŽǁůĞĚŐĞĂŶĚƚŽŽůƐƌĞůĂƚĞĚƚŽǀĂƌŝŽƵƐĂƐƉĞĐƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚdŚĞƉƌŽŐƌĂŵĂůƐŽĐŽŵƉƌŝƐĞƐǀĂƌŝŽƵƐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐĂŶĚŶĞƚǁŽƌŬŝŶŐĞīŽƌƚƐĚĞƐŝŐŶĞĚƚŽĂĚǀĂŶĐĞƚŚĞŬŶŽǁůĞĚŐĞĂǀĂŝůĂďůĞƚŽƉŽůŝĐLJŵĂŬĞƌƐĂŶĚƚŚĞƉƵďůŝĐ

ŶϮϬϭϯƚŚĞĨŽĐĂůĂƌĞĂƐŽĨltDƉƌŽŐƌĂŵƐŝŶĐůƵĚĞĚ

ͻ DĂĐƌŽĞĐŽŶŽŵŝĐŵŽĚĞůŝŶŐŽĨĂĨƵůůͲƐĐĂůĞƚƌĂŶƐŝƟŽŶƚŽŐƌĞĞŶŐƌŽǁƚŚͻ ŵƉůŽLJŵĞŶƚĂŶĚƉŽǀĞƌƚLJƌĞĚƵĐƟŽŶƉŽƚĞŶƟĂůŽĨŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐŝĞƐͻ ŽƵŶƚƌLJĂŶĚŝŶĚƵƐƚƌLJďĞƐƚƉƌĂĐƟĐĞͻ dƌĂĚĞĂŶĚƚĞĐŚŶŽůŽŐLJƉŽůŝĐLJ

dŚƌŽƵŐŚŝƚƐltDƉƌŽŐƌĂŵŚĂƐďĞĞŶŝŶǀŽůǀĞĚŝŶƐŽŵĞŽĨƚŚĞŵŽƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶĚŝŶŶŽǀĂƟǀĞƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚŽƚŚƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞĂŶĚƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵǁĞƌĞƐĐĂůĞĚƵƉŝŶϮϬϭϯĂŶĚƉƌŽĚƵĐĞĚĐƵƫŶŐͲĞĚŐĞƌĞƐƵůƚƐŝŶƚŚĞĮĞůĚampƵƌƚŚĞƌŵŽƌĞďĞĐĂŵĞĂŬĞLJƉĂƌƚŶĞƌŝŶƚŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŽŶĞŽĨƚŚĞůĂƌŐĞƐƚĂŶĚŵŽƐƚƉƌŽŵŝŶĞŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚƐĨŽĐƵƐĞĚŽŶĐůŝŵĂƚĞĐŚĂŶŐĞĂŶĚĞĐŽŶŽŵŝĐƐ

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

33

GGGIrsquos KDM projects

Climate Smart Planning Platform

dŚĞůŝŵĂƚĞ^ŵĂƌƚWůĂŶŶŝŶŐWůĂƞŽƌŵ^WWͿƐĞĞŬƐƚŽƉƌŽǀŝĚĞĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐǁŝƚŚĂĐĐĞƐƐƚŽƚŚĞƚŽŽůƐĂŶĚŐƵŝĚĞůŝŶĞƐŶĞĐĞƐƐĂƌLJĨŽƌůŽǁĞŵŝƐƐŝŽŶƐĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌŽǁƚŚDŽƌĞƐƉĞĐŝĮĐĂůůLJ ƚŚĞ^WWŝŶŝƟĂƟǀĞƉƌŽǀŝĚĞƐĂƐƵŝƚĞŽĨŽƉĞŶŐůŽďĂůƌĞŐŝŽŶĂůĂŶĚĐŽƵŶƚƌLJĚĂƚĂƐĞƚƐĂƐĞƚŽĨůŝŶŬĞĚŽƉĞŶƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐƚŚĂƚƐƉĂŶĂĐŽƵŶƚƌLJ ƐŵŽĚĞůŝŶŐŶĞĞĚƐĂŶĚŚĂƐďĞĞŶƚĞƐƚĞĚŝŶĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐĂŶĚĐĂƉĂĐŝƚLJƐƵƉƉŽƌƚƚǁŝůůĂůƐŽƉƌŽǀŝĚĞĂŶŽƉĞŶĨŽƌƵŵǁŚĞƌĞŽƚŚĞƌƉƌŽǀŝĚĞƌƐŽĨŽƉĞŶƐŽƵƌĐĞĚĂƚĂĂŶĚƚŽŽůƐĐĂŶĞdžĐŚĂŶŐĞŬŶŽǁůĞĚŐĞĂŶĚĞdžƉĞƌŝĞŶĐĞǁŝƚŚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌLJƉƌĂĐƟƟŽŶĞƌƐ

dŚĞ^WWŝƐĂŶĂĸůŝĂƚĞĚƉƌŽŐƌĂŵŽĨƚŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵĂŶĚŝƐĂŶŵƉůĞŵĞŶƟŶŐWĂƌƚŶĞƌŽĨƚŚĞtŽƌůĚĂŶŬ

ŶϮϬϭϯƚŚĞ^WWĚĞǀĞůŽƉĞĚĂŶĚŽŶůŝŶĞƉƌŽƚŽƚLJƉĞĨŽƌƚŚĞƉůĂƞŽƌŵŚƩƉĐůŝŵĂƚĞƐŵĂƌƚƉůĂŶŶŝŶŐŽƌŐͿdŚĞƉƌŽƚŽƚLJƉĞƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽƐĞƚŽĨŵŽƌĞƚŚĂŶϲϬǁĞůůͲĞƐƚĂďůŝƐŚĞĚŵŽĚĞůŝŶŐƚŽŽůƐŵĞƚŚŽĚƐĂŶĚĂƉƉƌŽĂĐŚĞƐĨƌŽŵŵŽƌĞƚŚĂŶϮϬƉĂƌƚŶĞƌƐdŚĞŽďũĞĐƟǀĞŽĨƚŚĞWůĂƞŽƌŵŝƐƚŽƉƌŽǀŝĚĞĂŽŶĞͲƐƚŽƉͲƐŚŽƉĨŽƌŚŝŐŚͲƋƵĂůŝƚLJ ƚƌƵƐƚĞĚĚĂƚĂƐĞƚƐƚŽŽůƐĂŶĚŬŶŽǁůĞĚŐĞĨƌŽŵŵƵůƟƉůĞƐŽƵƌĐĞƐͶǁŝƚŚĂůŽƚŽĨďƵŝůƚͲŝŶƐŽĐŝĂůŝŶƚĞƌĂĐƟŽŶ

Impact of Green Industrial Investment on Employment

ĂŶĚdŚĞhŶŝƚĞĚEĂƟŽŶƐŶĚƵƐƚƌŝĂůĞǀĞůŽƉŵĞŶƚKƌŐĂŶŝnjĂƟŽŶhEKͿůĂƵŶĐŚĞĚĂũŽŝŶƚƌĞƐĞĂƌĐŚƉƌŽũĞĐƚŝŶϮϬϭϯƚŽĞdžĂŵŝŶĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŝŶĚƵƐƚƌŝĂůŝŶǀĞƐƚŵĞŶƚĂŶĚĞŵƉůŽLJŵĞŶƚŐĞŶĞƌĂƟŽŶdŚĞƌĞƐĞĂƌĐŚůŽŽŬĞĚĂƚĮǀĞĐŽƵŶƚƌŝĞƐƌĂnjŝůĞƌŵĂŶLJ ŶĚŽŶĞƐŝĂ^ŽƵƚŚĨƌŝĐĂĂŶĚltŽƌĞĂͿĂŶĚĞdžĂŵŝŶĞĚƚŚĞĞŵƉůŽLJŵĞŶƚĞīĞĐƚƐŽĨĂůƚĞƌŶĂƟǀĞĞŶĞƌŐLJŝŶǀĞƐƚŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽĨŽƐƐŝůĨƵĞůŝŶǀĞƐƚŵĞŶƚƐĚƌĂŌƌĞƉŽƌƚŽĨƚŚĞĮŶĚŝŶŐƐǁĂƐƵŶǀĞŝůĞĚŝŶĞĐĞŵďĞƌϮϬϭϯĂŶĚƚŚĞĮŶĂůƌĞƉŽƌƚǁŝůůďĞůĂƵŶĐŚĞĚŝŶƚŚĞƐĞĐŽŶĚŚĂůĨŽĨϮϬϭϰ

Knowledge Development

amp Management

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

34

Green Growth Best Practices

gtĂƵŶĐŚĞĚŝŶKĐƚŽďĞƌϮϬϭϮƚŚĞƌĞĞŶƌŽǁƚŚĞƐƚWƌĂĐƟĐĞŝŶŝƟĂƟǀĞŝƐƐƵƉƉŽƌƚĞĚďLJƚŚƌĞĞŽƌŐĂŶŝnjĂƟŽŶƐʹůŽďĂůƌĞĞŶƌŽǁƚŚŶƐƟƚƵƚĞͿůŝŵĂƚĞĞǀĞůŽƉŵĞŶƚĂŶĚltŶŽǁůĞĚŐĞEĞƚǁŽƌŬltEͿĂŶĚƵƌŽƉĞĂŶůŝŵĂƚĞampŽƵŶĚĂƟŽŶampͿĂŶĚŝƐŐŽǀĞƌŶĞĚďLJĂƐƚĞĞƌŝŶŐĐŽŵŵŝƩĞĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƟǀĞƐĨƌŽŵϭϮŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐdŚĞWƌŽũĞĐƚ^ĞĐƌĞƚĂƌŝĂƚŝƐŚŽƐƚĞĚĂƚƚŚĞ

ŶϮϬϭϯWĂŶĂůLJnjĞĚĂƌŽƵŶĚϲϬƐƉĞĐŝĮĐŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƐĂĐƌŽƐƐŶŝŶĞĂƌĞĂƐŽĨƚŚĞŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐLJĐLJĐůĞĨƌŽŵƉůĂŶŶŝŶŐƐĞƫŶŐǀŝƐŝŽŶƐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐƚŝƐĂŐůŽďĂůƉƌĂĐƟƟŽŶĞƌͲďĂƐĞĚĂŶĚƉĂƌƟĐŝƉĂƚŽƌLJƌĞƐĞĂƌĐŚĂƵƚŚŽƌĞĚďLJϳϱĞdžƉĞƌƚƐĂŶĚƉƌĂĐƟƟŽŶĞƌƐǁŚŽĂƌĞůĞĂĚŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚĞīŽƌƚƐĂƚǀĂƌŝŽƵƐůĞǀĞůƐŽĨŐŽǀĞƌŶŵĞŶƚĮĞůĚŽĨĞdžƉĞƌƟƐĞĂŶĚƌĞŐŝŽŶƐdŚĞŝŶŝƟĂůĮŶĚŝŶŐƐĚĞŵŽŶƐƚƌĂƚĞƚŚĂƚŐƌĞĞŶŐƌŽǁƚŚŚĂƐƉŽƚĞŶƟĂůƚŽƵŶůŽĐŬƐƵďƐƚĂŶƟĂůĞĐŽŶŽŵŝĐƐŽĐŝĂůĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůďĞŶĞĮƚƐĂŶĚŝƐĂĐƟǀĞůLJƉƌĂĐƟĐĞĚĂƌŽƵŶĚƚŚĞǁŽƌůĚĂƐĂƉĂƚŚǁĂLJƚŽĂĐŚŝĞǀĞĂŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚƐƵƐƚĂŝŶĂďůĞĚĞǀĞůŽƉŵĞŶƚdŽĚĞƐŝŐŶĂŶĞīĞĐƟǀĞŐƌĞĞŶŐƌŽǁƚŚƐƚƌĂƚĞŐLJ ĂŶŝŶƚĞŐƌĂƚĞĚĂƉƉƌŽĂĐŚĨŽƌƉůĂŶŶŝŶŐĂŶĂůLJƐŝƐŝŵƉůĞŵĞŶƚĂƟŽŶĂŶĚŵŽŶŝƚŽƌŝŶŐŝƐĞƐƐĞŶƟĂůǁŝƚŚĂďƌŽĂĚƐƵƉƉŽƌƚĨŽƌƚƌĂŶƐĨŽƌŵĂƟǀĞĐŚĂŶŐĞŶŝƟĂůĮŶĚŝŶŐƐŽĨƚŚĞƌĞƐĞĂƌĐŚǁĞƌĞƌĞůĞĂƐĞĚŝŶĂƐLJŶƚŚĞƐŝƐƌĞƉŽƌƚŝŶampĞďƌƵĂƌLJϮϬϭϰĨƵůůƌĞƉŽƌƚǁŝƚŚĚĞƚĂŝůĞĚĂŶĂůLJƐŝƐǁŝůůďĞƉƵďůŝƐŚĞĚŝŶƵŶĞϮϬϭϰďŽƚŚŝŶƉƌŝŶƚĂŶĚŽŶůŝŶĞĨŽƌŵƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐŐďƉŽƌŐ

Green Growth Knowledge Platform (GGKP)

dŚĞƌĞĞŶƌŽǁƚŚltŶŽǁůĞĚŐĞWůĂƞŽƌŵltWͿǁĂƐĞƐƚĂďůŝƐŚĞĚďLJƚŚĞKƌŐĂŶŝƐĂƟŽŶĨŽƌĐŽŶŽŵŝĐŽͲŽƉĞƌĂƟŽŶĂŶĚĞǀĞůŽƉŵĞŶƚƚŚĞhŶŝƚĞĚEĂƟŽŶƐŶǀŝƌŽŶŵĞŶƚWƌŽŐƌĂŵŵĞĂŶĚƚŚĞtŽƌůĚĂŶŬƚŝƐĂŐůŽďĂůŶĞƚǁŽƌŬƚŚĂƚĂŝŵƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŵĂũŽƌŬŶŽǁůĞĚŐĞŐĂƉƐŝŶŐƌĞĞŶŐƌŽǁƚŚƚŚĞŽƌLJĂŶĚƉƌĂĐƟĐĞdŚĞltWĂŝŵƐƚŽĂĐŚŝĞǀĞƚŚŝƐƚŚƌŽƵŐŚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂŶŽŶůŝŶĞltŶŽǁůĞĚŐĞWůĂƞŽƌŵĐŽŶǀĞŶŝŶŐƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐƚŽŝĚĞŶƟĨLJĂŶĚĂĚĚƌĞƐƐŬŶŽǁůĞĚŐĞŐĂƉƐŽŶŬĞLJƚŚĞŵĞƐŚŽůĚŝŶŐĐŽŶĨĞƌĞŶĐĞƐĂŶĚƌĞŐŝŽŶĂůƉƌĂĐƟƟŽŶĞƌƐǁŽƌŬƐŚŽƉƐĂŶĚďƌŝŶŐŝŶŐƚŽŐĞƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŐƌĞĞŶŐƌŽǁƚŚĞdžƉĞƌƚƐƚŚƌŽƵŐŚltWltŶŽǁůĞĚŐĞWĂƌƚŶĞƌƐŚŝƉƐ

ŶϮϬϭϯltWůĂƵŶĐŚĞĚŝƚƐƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚŽŶůŝŶĞŬŶŽǁůĞĚŐĞͲƐŚĂƌŝŶŐƉůĂƞŽƌŵƚĐŽŶƚĂŝŶƐŵŽƌĞƚŚĂŶϲϬϬƚĞĐŚŶŝĐĂůĂŶĚƉŽůŝĐLJƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽŐƌĞĞŶŐƌŽǁƚŚĂŶĚĚĂƚĂƐĞƚƐĂŶĚƉŽůŝĐŝĞƐĨŽƌϭϵϯĐŽƵŶƚƌŝĞƐůƐŽŝŶϮϬϭϯĞƐƚĂďůŝƐŚĞĚŝƚƐƐĞĐƌĞƚĂƌŝĂƚĂŶĚůĂƵŶĐŚĞĚĨŽƵƌƌĞƐĞĂƌĐŚĐŽŵŵŝƩĞĞƐŽŶdƌĂĚĞĂŶĚŽŵƉĞƟƟǀĞŶĞƐƐŶŶŽǀĂƟŽŶĐŽͲĐŚĂŝƌĞĚďLJͿDĞĂƐƵƌĞŵĞŶƚĂŶĚŶĚŝĐĂƚŽƌƐĂŶĚampŝƐĐĂůŶƐƚƌƵŵĞŶƚƐampŝŶĂůůLJ ŝƚƉƌŽĚƵĐĞĚĂũŽŝŶƚƉĂƉĞƌDŽǀŝŶŐƚŽǁĂƌĚƐĂŽŵŵŽŶƉƉƌŽĂĐŚŽŶƌĞĞŶƌŽǁƚŚŶĚŝĐĂƚŽƌƐǁŝƚŚĂĐŽƌĞĐŽŶƚƌŝďƵƟŽŶĨƌŽŵͲltDĞdžƉĞƌƚƐ

ampŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶƉůĞĂƐĞǀŝƐŝƚǁǁǁŐƌĞĞŶŐƌŽǁƚŚŬŶŽǁůĞĚŐĞŽƌŐ

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

35

Green Growth Methodology Development

dŚĞĂŝŵŽĨƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĞǀĞůŽƉŵĞŶƚDͿŝƐƚŽĚĞǀĞůŽƉĂŵĞƚŚŽĚŽůŽŐLJĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚĂƐƐĞƐƐŵĞŶƚĂƐǁĞůůĂƐĂŶĂƌƌĂLJŽĨŵĞƚŚŽĚƐĂŶĚƚŽŽůƐƚŽďĞƵƐĞĚŝŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶƐĂŶĚƐƚƌĂƚĞŐŝĞƐdŽƚŚŝƐĞŶĚDŝƐƉƵƌƐƵŝŶŐƌĞƐĞĂƌĐŚŝŶĂƌĞĂƐƚŚĂƚŝŶĐůƵĚĞŐƌĞĞŶŐƌŽǁƚŚŵĞĂƐƵƌĞŵĞŶƚĂŶĚŝŶĚŝĐĂƚŽƌƐŐƌĞĞŶŐƌŽǁƚŚŵŽĚĞůŝŶŐĂŶĚŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚdŚĞŽǀĞƌĂůůŵĞƚŚŽĚŽůŽŐLJŝƐƚŽďĞŝŶƚƌŽĚƵĐĞĚĂŶĚĂƉƉůŝĞĚŝŶĂƌĞĞŶƌŽǁƚŚDĞƚŚŽĚŽůŽŐLJĂŶĚŬƐĞƌŝĞƐƚŚĞĮƌƐƚŽĨǁŚŝĐŚŝƐƚŚĞƌĞĞŶƌŽǁƚŚŶĞƌŐLJWůĂŶŶŝŶŐƵŝĚĞŬϮϬϭϰͿ

ltĞLJŝŶŝƟĂƟǀĞƐĂĐƟǀŝƟĞƐŝŶĐůƵĚĞĂͿĞǀĞůŽƉŝŶŐƐĞƚƐŽĨŐƌĞĞŶŐƌŽǁƚŚŶĚŝĐĂƚŽƌƐƚŽŵĞĂƐƵƌĞĂĐŽƵŶƚƌLJ ƐŐƌĞĞŶŐƌŽǁƚŚƉĞƌĨŽƌŵĂŶĐĞĂŶĚŝĚĞŶƟĨLJŬĞLJƐƵƐƚĂŝŶĂďŝůŝƚLJŝƐƐƵĞƐƚŚĂƚŵƵƐƚďĞĂĚĚƌĞƐƐĞĚŝŶŝƚƐŐƌĞĞŶŐƌŽǁƚŚƉůĂŶďͿWƌŽǀŝĚŝŶŐŵŽĚĞůƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂůŽŶŐǁŝƚŚƚƌĂŝŶŝŶŐƐĞƐƐŝŽŶƐĂŶĚĞdžĞƌĐŝƐĞƐŝŶĐůŽƐĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĞdžƚĞƌŶĂůƉĂƌƚŶĞƌƐĐͿĞǀĞůŽƉŝŶŐĨƌĂŵĞǁŽƌŬƐĂŶĚƌĞƉŽƌƚƐƚŚĂƚŽīĞƌŐƌĞĞŶŐƌŽǁƚŚĂƐƐĞƐƐŵĞŶƚĂƚƚŚĞĐŽƵŶƚƌLJĂŶĚŐůŽďĂůůĞǀĞůĂŶĚĚͿŽůůĂďŽƌĂƟŶŐǁŝƚŚŽƚŚĞƌŝŶƚĞƌŶĂƟŽŶĂůŽƌŐĂŶŝnjĂƟŽŶƐǁŝƚŚƐŝŵŝůĂƌƌĞƐĞĂƌĐŚĂƌĞĂƐŽŶĂƌŽƵƟŶĞďĂƐŝƐŝŶĐůƵĚŝŶŐhEW KƚŚĞtŽƌůĚĂŶŬ

Unlocking Green Growth through Technology Innovation

ŶϮϬϭϯůĂƵŶĐŚĞĚƚŚĞdĞĐŚŶŽůŽŐLJŶŶŽǀĂƟŽŶƉƌŽŐƌĂŵƚŽƐƵƉƉŽƌƚƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐĂŶĚƚŚĞďƌŽĂĚĞƌĐŽŵŵƵŶŝƚLJŽĨƉƌĂĐƟƟŽŶĞƌƐŝŶďĞƩĞƌůĞǀĞƌĂŐŝŶŐƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶƚŽƐƵĐĐĞƐƐĨƵůůLJƉƵƌƐƵĞŐƌĞĞŶŐƌŽǁƚŚƉĂƚŚǁĂLJƐdŚĞƉƌŽŐƌĂŵŝƐĂŶĂůLJnjŝŶŐĂŶĚŵĂƉƉŝŶŐƚŚĞŐƌĞĞŶŐƌŽǁƚŚŝŶŶŽǀĂƟŽŶĞĐŽƐLJƐƚĞŵŝŶƐĞǀĞƌĂůĐŽƵŶƚƌŝĞƐĨĂĐŝůŝƚĂƟŶŐŬŶŽǁůĞĚŐĞƐŚĂƌŝŶŐďĞƚǁĞĞŶƚŚĞŵĂŶĚƐƵƉƉŽƌƟŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉŽůŝĐLJƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽŶŚŽǁƚŽŝŵƉƌŽǀĞƚŚĞĞīĞĐƟǀĞŶĞƐƐŽĨĚŽŵĞƐƟĐŝŶŶŽǀĂƟŽŶĞīŽƌƚƐdŚŝƐŝŶĐůƵĚĞƐŝŵƉƌŽǀĞĚĐŽŽƌĚŝŶĂƟŽŶŽĨŐŽǀĞƌŶŵĞŶƚͲĨƵŶĚĞĚZΘďĞƩĞƌƐƵƉƉŽƌƚĨŽƌĐŽŵŵĞƌĐŝĂůŝnjŝŶŐƚŚĞƌĞƐƵůƚƐŽĨƌĞƐĞĂƌĐŚƉŽůŝĐŝĞƐƚŽĐĂƚĂůLJnjĞƉƌŝǀĂƚĞƌŝƐŬĐĂƉŝƚĂůĨŽƌŝŶŶŽǀĂƟǀĞƐƚĂƌƚƵƉƐĂŶĚƐƚƌĞĂŵůŝŶĞĚĂŶĚŝŵƉƌŽǀĞĚŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƉŽůŝĐLJdŚĞƉƌŽŐƌĂŵŝƐĂůƐŽŝĚĞŶƟĨLJŝŶŐĞŵĞƌŐŝŶŐƚĞĐŚŶŽůŽŐŝĞƐƚŚĂƚĐĂŶŚĞůƉŝŵƉƌŽǀĞƚŚĞĚĞůŝǀĞƌLJŽĨŐƌĞĞŶŐƌŽǁƚŚƉŽůŝĐŝĞƐƐƵĐŚĂƐƚŚĞƵƐĞŽĨƵůƚƌĂͲůŽǁͲĐŽƐƚŶĂŶŽͲƐĂƚĞůůŝƚĞŝŵĂŐĞƌLJĨŽƌŝŵƉƌŽǀĞĚĨŽƌĞƐƚŵŽŶŝƚŽƌŝŶŐĂŶĚƐƵƉƉŽƌƟŶŐŝŶƚĞƌĞƐƚĞĚŐŽǀĞƌŶŵĞŶƚƐŝŶƵƟůŝnjŝŶŐƚŚĞƐĞƚĞĐŚŶŽůŽŐŝĞƐ

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

36

New Industrial Revolution Research Program

dŚŝƐƉƌŽũĞĐƚǁŝƚŚƚŚĞƌĂŶƚŚĂŵZĞƐĞĂƌĐŚŶƐƟƚƵƚĞŽŶůŝŵĂƚĞŚĂŶŐĞĂŶĚƚŚĞŶǀŝƌŽŶŵĞŶƚZͿƐĞƚƐŽƵƚƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞůŝŶŬďĞƚǁĞĞŶĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽƚĞĐƟŽŶŐƌŽǁƚŚĂŶĚĚĞǀĞůŽƉŵĞŶƚƚĂŝŵƐƚŽƐƚƌĞŶŐƚŚĞŶƚŚĞĂŶĂůLJƟĐĂůĂŶĚĞŵƉŝƌŝĐĂůƵŶĚĞƌƉŝŶŶŝŶŐƐŽĨŐƌĞĞŶŐƌŽǁƚŚŝŶďŽƚŚĚĞǀĞůŽƉĞĚĂŶĚĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐƚŚƌŽƵŐŚĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐDĂĐƌŽĞĐŽŶŽŵŝĐŝƐƐƵĞƐŽďƐƉŽǀĞƌƚLJ ĂŶĚŐƌĞĞŶŐƌŽǁƚŚƚŚĞŐƌŽǁƚŚŝŵƉĂĐƚƐŽĨĐůŝŵĂƚĞͲĐŚĂŶŐĞƉŽůŝĐŝĞƐĞǀŝĚĞŶĐĞĨƌŽŵĞĐŽŶŽŵŝĐŚŝƐƚŽƌLJĂďŽƵƚƚŚĞƐŽƵƌĐĞƐŽĨŐƌŽǁƚŚĂŶĚƚŚĞƌŽůĞŽĨƉŽůŝĐLJĂŶĚŐƌŽǁƚŚĂŶĚĂĚĂƉƚĂƟŽŶƚŽĐůŝŵĂƚĞĐŚĂŶŐĞ

^ŽĨĂƌ ϭϯǁŽƌŬŝŶŐƉĂƉĞƌƐŚĂǀĞďĞĞŶƉƌŽĚƵĐĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵƌƐĞŽĨƚŚĞƌĞƐĞĂƌĐŚƉƌŽŐƌĂŵϮϬϭϮʹϮϬϭϯͿĂŶĚĂƌĞĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐŽŶƚŚĞZĂŶĚǁĞďƐŝƚĞƐͿǁŽƌŬƐŚŽƉǁĂƐŚĞůĚĨŽƌƚŚĞĮƌƐƚƚǁŽŽĨƚŚĞĨŽƵƌŵĂũŽƌĨŽĐƵƐĂƌĞĂƐŝŶϮϬϭϯĂŶĚǁŽƌŬƐŚŽƉƐĨŽƌƚŚĞůĂƐƚƚǁŽĂƌĞĂƐǁŝůůďĞŚĞůĚŝŶϮϬϭϰůƐŽŝŶϮϬϭϯĂĮƌƐƚĐŽŶĨĞƌĞŶĐĞǁĂƐŚĞůĚĨĞĂƚƵƌŝŶŐƉĂƉĞƌƐďLJƉƌŽŵŝŶĞŶƚĞĐŽŶŽŵŝƐƚƐĐŽŶƐŝĚĞƌŝŶŐŐƌĞĞŶŐƌŽǁƚŚĨƌŽŵŵĂŝŶƐƚƌĞĂŵĞĐŽŶŽŵŝĐƉĞƌƐƉĞĐƟǀĞƐŶϮϬϭϰƚŚĞƉƌŽŐƌĂŵǁŝůůĨŽĐƵƐŽŶĚĞƌŝǀŝŶŐƉŽůŝĐLJŝŵƉůŝĐĂƟŽŶƐĨƌŽŵƚŚĞǁŽƌŬŝŶĐůƵĚŝŶŐĂƐĞƌŝĞƐŽĨƉŽůŝĐLJďƌŝĞĨƐ

Social Inclusion and Poverty Alleviation

ŶůĂƚĞϮϬϭϯďĞŐĂŶŝƚƐ^ŽĐŝĂůŶĐůƵƐŝŽŶĂŶĚWŽǀĞƌƚLJůůĞǀŝĂƟŽŶƉƌŽŐƌĂŵdŚĞƉƌŽŐƌĂŵĂŝŵƐƚŽǁŽƌŬǁŝƚŚ ƐŝŶͲĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐƚŽĚĞǀĞůŽƉŬŶŽǁůĞĚŐĞĂŶĚŐƵŝĚĂŶĐĞĨŽƌƚŚĞĞīĞĐƟǀĞŝŶƚĞŐƌĂƟŽŶĂŶĚƌĞĐŽŶĐŝůŝĂƟŽŶŽĨŝŶĐůƵƐŝŽŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚLJŐŽĂůƐŝŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐltĞLJĂƌĞĂƐŝĚĞŶƟĮĞĚŝŶĐůƵĚĞŵĂƉƉŝŶŐŽĨǁŝŶͲǁŝŶŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚŵĂũŽƌƚƌĂĚĞͲŽīƐŝŶƚŚĞƐŽĐŝĂůͲĞŶǀŝƌŽŶŵĞŶƚĂůŶĞdžƵƐĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉŽůŝĐLJĂŶĚƉƌŽŐƌĂŵŽƉƉŽƌƚƵŶŝƟĞƐƚŚĂƚƌĞĐŽŶĐŝůĞƵŶĚĞƌůLJŝŶŐĐŽŶŇŝĐƚƐďĞƚǁĞĞŶƐŽĐŝĂůŝŶĐůƵƐŝŽŶĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚĚĞǀĞůŽƉŝŶŐĂŶĚƐŚĂƌŝŶŐƉƌĂĐƟĐĞƐƚŚĂƚŝŶƚĞŐƌĂƚĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶƚŽůĂƌŐĞƐĐĂůĞƐŽĐŝĂůŝŶĐůƵƐŝŽŶƉŽůŝĐŝĞƐĂŶĚƉƌŽŐƌĂŵƐƐƉĂƌƚŽĨƚŚĞǁŽƌŬŝŶϮϬϭϯĞŶŐĂŐĞĚǁŝƚŚdŚĞŶĞƌŐLJĂŶĚZĞƐŽƵƌĐĞƐŶƐƟƚƵƚĞdZͿŝŶŶĚŝĂƚŽĞdžƉůŽƌĞƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶŐƌĞĞŶŐƌŽǁƚŚĂŶĚĐŽŵďĂƟŶŐƚŚĞƉƌŽďůĞŵƐŽĨƉŽǀĞƌƚLJĂŶĚŚƵŵĂŶĚĞǀĞůŽƉŵĞŶƚŝŶƌƵƌĂůĂƌĞĂƐdŚŝƐĞŶŐĂŐĞŵĞŶƚƌĞƐƵůƚĞĚŝŶĂƌĞĞŶƌŽǁƚŚWůĂŶŶŝŶŐĂŶĚŵƉůĞŵĞŶƚĂƟŽŶƉƌŽŐƌĂŵǁŝƚŚƚŚŝƐĂƐĂĨŽĐĂůƚŽƉŝĐŶϮϬϭϰƉůĂŶƐƚŽĨƵůůLJůĂƵŶĐŚƚŚĞƉƌŽŐƌĂŵŝŶƐƵƉƉŽƌƚŽĨĂŶƵŵďĞƌŽĨƉĂƌƚŶĞƌĐŽƵŶƚƌŝĞƐ

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

37

Special Initiatives

New Climate Economy

dŚĞEĞǁůŝŵĂƚĞĐŽŶŽŵLJŝŶŝƟĂƟǀĞŝƐĂŵĂũŽƌƌĞƐĞĂƌĐŚƉƌŽũĞĐƚďĞŝŶŐƵŶĚĞƌƚĂŬĞŶďLJĂŐůŽďĂůƉĂƌƚŶĞƌƐŚŝƉŽĨŐŽǀĞƌŶŵĞŶƚƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶĐůƵĚŝŶŐƚĂŝŵƐƚŽƉƌŽǀŝĚĞŝŶĚĞƉĞŶĚĞŶƚĂŶĚĂƵƚŚŽƌŝƚĂƟǀĞĞǀŝĚĞŶĐĞŽŶƚŚĞƌĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶĂĐƟŽŶƐƚŚĂƚĐĂŶƐƚƌĞŶŐƚŚĞŶĞĐŽŶŽŵŝĐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚŽƐĞƚŚĂƚƌĞĚƵĐĞƚŚĞƌŝƐŬŽĨĐůŝŵĂƚĞĐŚĂŶŐĞdŚĞƉƌŽũĞĐƚǁŝůůƉƌĞƐĞŶƚƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂƚƚŚĞhE^ĞĐƌĞƚĂƌLJĞŶĞƌĂů ƐgtĞĂĚĞƌƐ^ƵŵŵŝƚŽŶůŝŵĂƚĞŚĂŶŐĞŝŶϮϬϭϰŽŶĂĐƟŽŶƐĂŶĚƉŽůŝĐŝĞƐƚŚĂƚĐĂŶƐƉƵƌŐƌŽǁƚŚĂŶĚĂƚƚŚĞƐĂŵĞƟŵĞĂĚĚƌĞƐƐĐůŝŵĂƚĞĐŚĂŶŐĞŝƐƚĂŬŝŶŐĂůĞĂĚŝŶŐƌŽůĞŝŶƚŚĞƉƌŽũĞĐƚĞŶŐĂŐŝŶŐϭϬĨƵůůƟŵĞĞdžƉĞƌƚƐǁŽƌŬŝŶŐŽŶƚŚĞE

DŽƌĞƐƉĞĐŝĮĐĂůůLJ ŝƐĨŽĐƵƐŝŶŐŝƚƐǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚŽŶƚŚƌĞĞƚŽƉŝĐƐƚŚŝŽƉŝĂŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐĂŶĚƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŶƚŚŝŽƉŝĂŝƐůŽŽŬŝŶŐĂƚƚŚƌĞĞŽĨƚŚĞŵĂŝŶEǁŽƌŬƐƚƌĞĂŵƐĨƌŽŵĂŶƚŚŝŽƉŝĂŶĐŽŶƚĞdžƚĞŶĞƌŐLJĂŶĚĮŶĂŶĐĞĂŐƌŝĐƵůƚƵƌĞĂŶĚůĂŶĚͲƵƐĞĂŶĚĐŽƵŶƚƌLJƚƌĂŶƐŝƟŽŶƐdŚŝƐƌĞƐĞĂƌĐŚǁŝůůƉƵůůƚŽŐĞƚŚĞƌĂĐŽŵƉĞůůŝŶŐŶĂƌƌĂƟǀĞŽŶƚŚĞĐůŝŵĂƚĞͲƌĞƐŝůŝĞŶƚŐƌĞĞŶĞĐŽŶŽŵLJĂŶĚŝŶĨŽƌŵƉŽůŝĐLJŵĂŬĞƌƐŽĨŝƚƐŝŵƉŽƌƚĂŶĐĞampŽƌƚĞĐŚŶŽůŽŐLJŝŶŶŽǀĂƟŽŶŝƐǁŽƌŬŝŶŐǁŝƚŚ^ƚĂŶĨŽƌĚhŶŝǀĞƌƐŝƚLJƚŽĚĞǀĞůŽƉĂƐĞƚŽĨƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĞīĞĐƟǀĞŝŶŶŽǀĂƟŽŶƉŽůŝĐLJ ĂŶĚĂŶĂůLJnjŝŶŐƚĞĐŚŶŽůŽŐLJůĞĂƌŶŝŶŐĐƵƌǀĞƐƚŽďĞƩĞƌƵŶĚĞƌƐƚĂŶĚƚŚĞƌĂƚĞƐŽĨĐŽƐƚƌĞĚƵĐƟŽŶĂŶĚƉĞƌĨŽƌŵĂŶĐĞŝŵƉƌŽǀĞŵĞŶƚŝŶŝŶŶŽǀĂƟǀĞůŽǁͲĐĂƌďŽŶĞŶĞƌŐLJƚĞĐŚŶŽůŽŐŝĞƐampŽƌŵĂĐƌŽͲĞĐŽŶŽŵŝĐƉĂƚŚǁĂLJƐŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶƵŵďĞƌŽĨƌĞƐĞĂƌĐŚŝŶƐƟƚƵƚĞƐƚŽĞdžĂŵŝŶĞƚŚĞŝŵƉůŝĐĂƟŽŶƐŽĨƚƌĂŶƐĨŽƌŵĂƟŽŶĂůŶŽŶͲŝŶĐƌĞŵĞŶƚĂůͿƐŚŝŌƐŝŶĚĞǀĞůŽƉŵĞŶƚƉĂƚŚǁĂLJƐ

Infrastructure for Development Needs

Current Constraints and Way Forward

dŚĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨŽƌĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚŝƐĂĐŽůůĂďŽƌĂƟǀĞƉƌŽũĞĐƚǁŝƚŚƚŚĞƌŽƵƉŽĨϮϰϮϰͿǁŝƚŚƚŚĞŐŽĂůŽĨĞdžƉůŽƌŝŶŐƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨƚŚĞĨŽƌŵĂƟŽŶŽĨĂŶĞǁĮŶĂŶĐŝĂůŝŶƐƟƚƵƟŽŶĂŶĚŝƚƐƉŽƚĞŶƟĂůƌŽůĞŝŶĐŚĂŶŶĞůŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚƚŽǁĂƌĚƐŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌĞƐĞŶƚĞĚĞĂƌůLJĮŶĚŝŶŐƐŽŶƚŚĞƉƌŽũĞĐƚŝŶWƌĞƚŽƌŝĂ^ŽƵƚŚĨƌŝĐĂŝŶDĂƌĐŚŽĨϮϬϭϯĂƚƚŚĞĂŶŶƵĂůZ^ŵĞĞƟŶŐdŚĞƉƌŽũĞĐƚĨŽĐƵƐĞƐŽŶŝĚĞŶƟĨLJŝŶŐƉŽůŝĐŝĞƐĂŶĚĮŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐƚŽƵŶďůŽĐŬĮŶĂŶĐŝĂůŇŽǁƐƚŽŝŶǀĞƐƚŝŶƐƵƐƚĂŝŶĂďůĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŶĞǁƚĞĐŚŶŽůŽŐŝĞƐǁŝƚŚŝŶĂŶĚĂŵŽŶŐĚĞǀĞůŽƉŝŶŐĂŶĚĞŵĞƌŐŝŶŐĞĐŽŶŽŵŝĞƐ

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

38

Public-Private Cooperation

^ĐĂůŝŶŐŐƌĞĞŶŐƌŽǁƚŚƌĞƋƵŝƌĞƐƚŚĞƉƌŝǀĂƚĞƐĞĐƚŽƌĂƐĂŬĞLJĚƌŝǀŝŶŐĨŽƌĐĞŝĚĞŶƟĮĞƐďĂƌƌŝĞƌƐƚŽĂŶĚŝŶĐĞŶƟǀĞƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚ

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

39

Public-Private Cooperation

Corporate Advisory Committee

ŶŽƌĚĞƌƚŽƌĞŇĞĐƚƚŚĞĐŽŶĐĞƌŶƐĂŶĚŽďũĞĐƟǀĞƐŽĨƉƌŝǀĂƚĞƐĞĐƚŽƌĂĐƚŽƌƐǁŚĞŶĂĚĚƌĞƐƐŝŶŐƉůĂŶŶŝŶŐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĞƐƚĂďůŝƐŚĞĚĂŶŽƉĞƌĂƟŽŶĂůͲůĞǀĞůŽƌƉŽƌĂƚĞĚǀŝƐŽƌLJŽŵŵŝƩĞĞŝŶĞĐĞŵďĞƌϮϬϭϯdŚŝƐŽŵŵŝƩĞĞƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůŐƵŝĚĂŶĐĞŽŶ ƐƉƌŽŐƌĂŵŽĨǁŽƌŬŽŶĂĚĚƌĞƐƐŝŶŐƐƉĞĐŝĮĐĐŽƵŶƚƌLJĐŝƌĐƵŵƐƚĂŶĐĞƐĂŶĚŽŶƌĞƉŽƌƟŶŐĂŶĚŵĞĂƐƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽŐƌĂŵĞdžĞĐƵƟŽŶdŚĞŽŵŵŝƩĞĞǁŝůůƉůĂLJĂŬĞLJƌŽůĞŝŶ ƐŵŝƐƐŝŽŶƚŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŶĐĞŶƟǀŝnjĞƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚŝŶŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƚĞĐŚŶŽůŽŐŝĞƐ

dŚĞŽŵŵŝƩĞĞĐŽŶƐŝƐƚƐŽĨϭϵƉƌŽŵŝŶĞŶƚŝŶĚŝǀŝĚƵĂůƐĂŶĚĞdžƉĞƌƚƐĚƌĂǁŶĨƌŽŵĂǁŝĚĞĂƌƌĂLJŽĨĐŽŵƉĂŶŝĞƐĂŶĚŽƌŐĂŶŝnjĂƟŽŶƐŝŶƚŚĞĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐŐƌĞĞŶƚĞĐŚŶŽůŽŐLJĂŶĚƐĞƌǀŝĐĞƐƐĞĐƚŽƌƐdŚĞŽŵŵŝƩĞĞŵĞĞƚƐĂƚůĞĂƐƚƚǁŝĐĞĂLJĞĂƌŝŶͲƉĞƌƐŽŶǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĨŽƌŵĂůĂŶĚŝŶĨŽƌŵĂůůŝŶĞƐŽĨĐŽŵŵƵŶŝĐĂƟŽŶƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ ŶƵŵďĞƌŽĨƌĞůĞǀĂŶƚƚŚĞŵĂƟĐǁŽƌŬŝŶŐŐƌŽƵƉƐŚĂǀĞĂůƌĞĂĚLJďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽƌĞƐƉŽŶĚƚŽŐůŽďĂůĂŶĚŝŶͲĐŽƵŶƚƌLJŶĞĞĚƐŽŵŵŝƩĞĞŵĞŵďĞƌƐũŽŝŶƚŚĞŵĂƟĐǁŽƌŬƐƚƌĞĂŵƐďĂƐĞĚŽŶŝŶƚĞƌĞƐƚĂŶĚĐŽŶƚƌŝďƵƟŽŶƉŽƚĞŶƟĂůǁŝůůĞŶƐƵƌĞƚŚĂƚƐƵĐŚƉƌŽĐĞƐƐĞƐĂƌĞƐƚƌĞĂŵůŝŶĞĚĂŶĚůĞĂĚƚŽƚĂŶŐŝďůĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĂŶĚŽƵƚĐŽŵĞƐ

dŚĞŽŵŵŝƩĞĞŚĞůĚŝƚƐĮƌƐƚŵĞĞƟŶŐŝŶĞĐĞŵďĞƌϮϬϭϯŝŶŶĐŚĞŽŶltŽƌĞĂdŚŝƐŵĞĞƟŶŐůĞĚƚŽƚŚĞŝĚĞŶƟĮĐĂƟŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐƚŚĞŵĂƟĐƐƚƌĞĂŵƐƚĞĐŚŶŽůŽŐLJƌŝƐŬƐŚĂƌŝŶŐƌĞƉůŝĐĂƟŽŶĂŶĚĐŽŵŵĞƌĐŝĂůǀŝĂďŝůŝƚLJͿŐůŽďĂůǀĂůƵĞĐŚĂŝŶƐĂŶĚƌĞƐŽƵƌĐĞůĂŶĚƵƐĞĞĸĐŝĞŶĐLJĂŶĚĚĞĨŽƌĞƐƚĂƟŽŶŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐŝŶƚŽŐƌĞĞŶŐƌŽǁƚŚƌĞůĂƚĞĚƐĞĐƚŽƌƐ

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

40

Green Growth Action Alliance (G2A2)

dŚĞƌĞĞŶƌŽǁƚŚĐƟŽŶůůŝĂŶĐĞϮϮͿǁĂƐĞƐƚĂďůŝƐŚĞĚĂƚƚŚĞϮϬŵĞĞƟŶŐŝŶgtŽƐĂďŽƐDĞdžŝĐŽĂŶĚŝŵƉůĞŵĞŶƚĞĚďLJĂĐŽĂůŝƟŽŶŽĨƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐƉĂƌƟĐŝƉĂŶƚƐdŽƵŶůŽĐŬŐůŽďĂůŝŶǀĞƐƚŵĞŶƚŇŽǁƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚƚŚĞůůŝĂŶĐĞŚĂƐďĞĞŶĚĞǀĞůŽƉŝŶŐŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐĂŶĚŚĂƐƐƵƉƉŽƌƚĞĚďĞƐƚƉƌĂĐƟĐĞƐŝŶďůĞŶĚŝŶŐƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞĮŶĂŶĐĞĨŽƌŐƌĞĞŶŝŶǀĞƐƚŵĞŶƚŶϮϬϭϯǁĂƐĐŚŽƐĞŶƚŽŚŽƐƚϮϮ Ɛ^ĞĐƌĞƚĂƌŝĂƚĂŶĚĚĞǀĞůŽƉĞĚŝƚƐŶĞǁƐƚƌĂƚĞŐLJŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞtŽƌůĚĂŶŬĂŶĚƚŚĞtŽƌůĚĐŽŶŽŵŝĐampŽƌƵŵĂŵŽŶŐŽƚŚĞƌŵĂŶLJŵŽƌĞƐƚĂŬĞŚŽůĚĞƌƐdŚĞůůŝĂŶĐĞ ƐŚĂŝƌŵĂŶŝƐampĞůŝƉĞĂůĚĞƌŽŶƚŚĞĨŽƌŵĞƌDĞdžŝĐĂŶWƌĞƐŝĚĞŶƚǁŚŽƉƌŽǀŝĚĞĚƐƚƌŽŶŐůĞĂĚĞƌƐŚŝƉƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ

ŶϮϬϭϯϮϮƉƌŽĚƵĐĞĚĂŶƵŵďĞƌŽĨŽƵƚĐŽŵĞƐŝŶĐůƵĚŝŶŐĂŇŽŽƌƉƌŝĐĞŵĞĐŚĂŶŝƐŵĨŽƌŶĚŝĂ ƐƐŽůĂƌĞŶĞƌŐLJĐĞƌƟĮĐĂƚĞŵĂƌŬĞƚĂĐŽƌƉŽƌĂƚĞƉĂƌƚŶĞƌƐŚŝƉĨŽƌďƵůŬƌĞŶĞǁĂďůĞĞŶĞƌŐLJƉƵƌĐŚĂƐĞƐĂŶĂŐƌŽĨŽƌĞƐƚƌLJĨƵŶĚŝŶsŝĞƚŶĂŵĂŶĚĚĞƐŝŐŶŝŶŐĂĐŽŵŵĞƌĐŝĂůŝŶƐƵƌĂŶĐĞƉƌŽĚƵĐƚƚŽĂƩƌĂĐƚĐĂƉŝƚĂůĨŽƌltĞŶLJĂ ƐĂŵďŝƟŽƵƐŐƌŽǁƚŚƉůĂŶŝŶƚŚĞŐĞŽƚŚĞƌŵĂůƉŽǁĞƌƐĞĐƚŽƌ dŚĞůůŝĂŶĐĞƌĞůĞĂƐĞĚĂƌĞƉŽƌƚŝŶϮϬϭϯƐŚŽǁĐĂƐŝŶŐƚŚĞƐĞĂŶĚŽƚŚĞƌĞdžĂŵƉůĞƐŽĨƚŚĞŐƌŽƵƉ ƐǁŽƌŬ

dŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďĂĚĚƌĞƐƐ ŚƩƉƌĞƉŽƌƚƐǁĞĨŽƌƵŵŽƌŐŐƌĞĞŶͲŝŶǀĞƐƟŶŐͲϮϬϭϯ

Global Green Growth Forum (3GF)

dŚƌŽƵŐŚŽƵƚϮϬϭϯƉƌŽǀŝĚĞĚƐƚƌĂƚĞŐŝĐŝŶƉƵƚƚŽƚŚĞůŽďĂůƌĞĞŶƌŽǁƚŚampŽƌƵŵϯampͿƉƌŽĐĞƐƐĂŶĚĐŽŶĨĞƌĞŶĐĞŝŶŽƉĞŶŚĂŐĞŶdŚĞƌĞůĂƟŽŶƐŚŝƉǁŝƚŚƚŚĞϯampŚĂƐďĞĞŶƌĞƐĞƚƚŽŝŶĐƌĞĂƐĞ ƐƋƵĂůŝƚĂƟǀĞĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞϯampƚĞĂŵůĞĂĚŝŶŐƚŽũŽŝŶƚĞīŽƌƚƐŽŶĂĚĚƌĞƐƐŝŶŐĐŚĂůůĞŶŐĞƐƌĞůĂƚĞĚƚŽĂƩƌĂĐƟŶŐŝŶƐƟƚƵƟŽŶĂůŝŶǀĞƐƚŽƌƐƚŽŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐĂŶĚĐŽͲĐŽŶǀĞŶŝŶŐǁŽƌŬƐƚƌĞĂŵƐŽŶĞŶĞƌŐLJĞĸĐŝĞŶĐLJĮŶĂŶĐĞĂůƐŽŝŶĐŽůůĂďŽƌĂƟŽŶǁŝƚŚϮϮͿ

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

41

21st Century Power Partnership (21CPP)

in Clean Energy Ministerial (CEM)

ŚĂƐĚĞǀĞůŽƉĞĚŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞh^EĂƟŽŶĂůZĞŶĞǁĂďůĞŶĞƌŐLJgtĂďŽƌĂƚŽƌŝĞƐEZgtͿĂŶĚƚŚĞŽŝŶƚŶƐƟƚƵƚĞĨŽƌ^ƚƌĂƚĞŐŝĐŶĞƌŐLJŶĂůLJƐŝƐ^ͿŝŶƚŚĞϮϭƐƚĞŶƚƵƌLJWŽǁĞƌWĂƌƚŶĞƌƐŚŝƉϮϭWWͿƚĂŝŵƐƚŽĨƵƌƚŚĞƌĂĚǀĂŶĐĞĂƉƵďůŝĐͲƉƌŝǀĂƚĞƉĂƌƚŶĞƌƐŚŝƉŽŶgtŽǁĂƌďŽŶWŽǁĞƌ^ĞĐƚŽƌŶŝƟĂƟǀĞƵŶĚĞƌƚŚĞůĞĂŶŶĞƌŐLJDŝŶŝƐƚĞƌŝĂůDͿĂŶĚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞϮϭWW ƐWƵďůŝĐͲWƌŝǀĂƚĞgtĞĂĚĞƌƐŚŝƉampŽƌƵŵWWgtampͿǁŚŝĐŚĂŝŵƐƚŽĂĐĐĞůĞƌĂƚĞƚŚĞƚƌĂŶƐŝƟŽŶƚŽĐůĞĂŶĞĸĐŝĞŶƚƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƉŽǁĞƌƐLJƐƚĞŵƐ

Mapping Financial Instruments Climate Finance

ŚĂƐĞŶƚĞƌĞĚŝŶƚŽƚŚĞŝŶŝƟĂůƉŚĂƐĞƐĨŽƌĂƉƌŽũĞĐƚĚĞƐŝŐŶĞĚƚŽĚĞǀĞůŽƉĂŶĚŝĚĞŶƟĨLJŝŶŶŽǀĂƟǀĞĮŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐƚŚĂƚĐĂŶĞŶŚĂŶĐĞƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚŽƉƌŽŵŽƚĞŐƌĞĞŶŐƌŽǁƚŚŝŶĚĞǀĞůŽƉŝŶŐĐŽƵŶƚƌŝĞƐŝƐĂůƐŽƐƵƉƉŽƌƟŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂLJůĞĂĚƚŽŝŶǀĞƐƚŵĞŶƚƐĨŽƌŐƌĞĞŶŐƌŽǁƚŚĐŽƵŶƚƌLJƉƌŽŐƌĂŵŵĞƐďLJůĞǀĞƌĂŐŝŶŐĞdžŝƐƟŶŐĐůŝŵĂƚĞĨĂĐŝůŝƟĞƐĂŶĚĨƵŶĚƐ

ŶdŚĂŝůĂŶĚŚĂƐďĞŐƵŶƚŽŚĂǀĞĚŝƐĐƵƐƐŝŽŶƐŽŶƐƵƉƉŽƌƟŶŐdŚĂŝůĂŶĚƐŐŽĂůŽĨĞƐƚĂďůŝƐŚŝŶŐĂĐŽŵƉůŝĂŶĐĞďĂƐĞĚŶĂƟŽŶĂůĞŵŝƐƐŝŽŶƐƚƌĂĚŝŶŐƐĐŚĞŵĞďLJϮϬϮϬƉƌŽǀŝĚĞƐĞƐƐĞŶƟĂůƐƵƉƉŽƌƚĨŽƌƚŚĞĚĞƐŝŐŶĞƐƚĂďůŝƐŚŵĞŶƚĂŶĚŽƉĞƌĂƟŽŶŽĨŝƚƐŶĂƟŽŶĂůĐĂƌďŽŶŵĂƌŬĞƚŝŶĐůŽƐĞĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞtŽƌůĚĂŶŬůĞĚWĂƌƚŶĞƌƐŚŝƉĨŽƌDĂƌŬĞƚZĞĂĚŝŶĞƐƐ

In-Country Support

ŶϮϬϭϯ ƐWWŝǀŝƐŝŽŶĞŵďĂƌŬĞĚŽŶĞĂƌůLJŝŶͲĐŽƵŶƚƌLJĚŝĂůŽŐƵĞƐƚŽƐƵƉƉŽƌƚƉƌŽĐĞƐƐĞƐŝŶŶĚŽŶĞƐŝĂƚŚŝŽƉŝĂDŽŶŐŽůŝĂdŚĂŝůĂŶĚĂŶĚĂŵďŽĚŝĂĂŝŵƐĂƚĞŶŐĂŐŝŶŐǁŝƚŚďŽƚŚƚŚĞĚŽŵĞƐƟĐĂŶĚƚŚĞŝŶƚĞƌŶĂƟŽŶĂůƉƌŝǀĂƚĞƐĞĐƚŽƌŝŶĐůƵĚŝŶŐƚŚƌŽƵŐŚƚŚĞƉƌĞǀŝŽƵƐůLJͲŵĞŶƟŽŶĞĚĚǀŝƐŽƌLJŽŵŵŝƩĞĞͿŝŶŽƌĚĞƌƚŽĚĞǀĞůŽƉĐŽŶĐƌĞƚĞƐŽůƵƟŽŶƐƚŽŵĂƌŬĞƚĨĂŝůƵƌĞƐŝŶŐƌĞĞŶŐƌŽǁƚŚĂƌĞĂƐdŚĞƐĞĞůĞŵĞŶƚƐǁĞƌĞŐĞĂƌĞĚƚŽǁĂƌĚƐĂƌŽďƵƐƚĚĞůŝǀĞƌLJƐƵƉƉŽƌƚƐĞƌǀŝĐĞĨŽƌ ƐĐŽƵŶƚƌLJƉƌŽŐƌĂŵƐĂŶĚƉƌŽũĞĐƚƐ

hŶĚĞƌƚŚĞŽǀĞƌĂůůĐŽƵŶƚƌLJŐƌĞĞŶŐƌŽǁƚŚƉůĂŶŶŝŶŐĂŶĚŝŵƉůĞŵĞŶƚĂƟŽŶƐƚƌĂƚĞŐLJŽĨƚŚĞhŶŝƚĞĚƌĂďŵŝƌĂƚĞƐŚĂƐƉĂƌƚŶĞƌĞĚǁŝƚŚDĂƐĚĂƌDĂƐĚĂƌŶƐƟƚƵƚĞŽĨ^ĐŝĞŶĐĞĂŶĚdĞĐŚŶŽůŽŐLJD^dͿĂŶĚWK^KʹĂůĞĂĚŝŶŐltŽƌĞĂŶƐƚĞĞůƉƌŽĚƵĐŝŶŐĐŽŵƉĂŶLJʹƚŽĚĞǀĞůŽƉĂƌĞŶĞǁĂďůĞĞŶĞƌŐLJŵŝĐƌŽͲŐƌŝĚƉƌŽũĞĐƚŶDŽŶŐŽůŝĂƚŚĞWWŐƌŽƵƉƐƵƉƉŽƌƚƐƚŚĞŐŽǀĞƌŶŵĞŶƚŝŶĞƐƚĂďůŝƐŚŝŶŐWƵďůŝĐͲWƌŝǀĂƚĞWĂƌƚŶĞƌƐŚŝƉĮŶĂŶĐŝŶŐƐƚƌƵĐƚƵƌĞƐĨŽƌŐƌĞĞŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƉĞƌĂƟŽŶƐ

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

Financial

Statements

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

$$amp amp+-8=0=280+C0C4lt4=CB(amp(0(5$1

8C7=344=34=CD38CgtABL4gtAC74A4gt=

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt=C4=CB $( 1(3(1(1787256gt (3257 +C0C4lt4=CBgt58=0=280(gtB8C8gt= +C0C4lt4=CBgt5gtltA474=B8E4=2gtlt4$gtBB +C0C4lt4=CBgt570=64B8=D8CH +C0C4lt4=CBgt50B7gtFB ampgtC4BCgtC748=0=280+C0C4lt4=CB

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

152 Teheran-ro Gangnam-gu Seoul 135-984(Yeoksam-dong Gangnam Finance Center 10th Floor)Republic of Korea

1(3(1(1787256gt (3257

74gt0A3gt58A42CgtABgt10A44=AgtFC7=BC8CDC4 470E40D38C43 C74022gtlt0=H8=6BC0C4lt4=CBgt5 58=0=280gtB8C8gt=gt5gt10A44=AgtFC7 =BC8CDC4 0B gt5 424lt14A 0=3 0=3 C74 A40C43 BC0C4lt4=CB gt5 2gtltA474=B8E4 8=2gtlt4gtBB270=64B8=4D8CH0=320B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A 8=24C8gt= 30C4 C7AgtD67 424lt14A 0=064lt4=C 8B A4Bgt=B814 5gtA C74A40A0C8gt=0=3508AA4B4=C0C8gt=gt5C74B458=0=280BC0C4lt4=CB8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B DAA4Bgt=B8188CH 8BCgt4GA4BB0=gt8=8gt=gt=C74B458=0=280BC0C4lt4=CB10B43gt=gtDA0D38CB4 2gt=3D2C43 gtDA 0D38CB 8= 022gtA30=24 F8C7 =C4A=0C8gt=0 +C0=30A3B gt= D38C8=6 7gtB4 BC0=30A3BA4D8A4C70CF40=0=34A5gtAltC740D38CCgtgt1C08=A40Bgt=0140BBDA0=2401gtDCF74C74AC7458=0=280BC0C4lt4=CB0A45A44gt5lt0C4A80lt8BBC0C4lt4=C =0D38C8=2D34B4G0lt8=8=6gt=0C4BC10B8B4E834=24BDgtAC8=6C740ltgtD=CB0=338B2gtBDA4B8=C7458=0=280BC0C4lt4=CB =0D38C0Bgt 8=2D34B0BB4BB8=6C74022gtD=C8=6A8=284BDB430=3B86=85820=C4BC8lt0C4Blt0341Hlt0=064lt4=C0BF4 0B4E0D0C8=6C74gtE4A0 58=0=280BC0C4lt4=CA4B4=C0C8gt= 41484E4 C70C C740D38C4E834=24F470E4gt1C08=43 8BBD558284=C0=30AgtA80C4CgtAgtE834010B8B5gtAgtDAgt8=8gt== gtDA gt8=8gt= C74 58=0=280 BC0C4lt4=CB A454AA43 Cgt 01gtE4 A4B4=C 508AH 8= 0 lt0C4A80 A4B42CB C7458=0=280gtB8C8gt=gt50Bgt5424lt14A0=30=38CB58=0=2804A5gtAlt0=240=38CB20B75gtFB5gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A8=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B

+4gtDgtA400A2778B A4gtAC 8B 45542C8E4 0B gt50A27 C74 0D38C A4gtAC 30C4 4AC08= BD1B4D4=C 4E4=CB gtA28A2DltBC0=24BF7827lt0H gt22DA 14CF44= C74 0D38C A4gtAC 30C4 0=3 C74 C8lt4 gt5 A4038=6 C78B A4gtAC2gtD3 70E4 0 lt0C4A80 8lt02C gt= C74 022gtlt0=H8=6 58=0=280 BC0C4lt4=CB 0=3 =gtC4B C74A4Cgt 22gtA38=6HC74A4034ABgt5C740D38CA4gtACB7gtD3D=34ABC0=3C70CC7401gtE40D38CA4gtAC70B=gtC144=D30C43CgtA4542CC748lt02Cgt5BD27BD1B4D4=C4E4=CBgtA28A2DltBC0=24B850=H

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC47$7(0(1762)1$1amp$2672162)(amp(0(5$1

66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2800BB4CB 22gtD=CBA4248E014 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 27$amp855(17$66(76

(Agt4ACH0=34D8lt4=C=4C =C0=68140BB4CB 13 $gt=6C4Alt58=0=2800BB4CB 27$121amp855(17$66(76

27$$66(76

$7(6 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B 27$amp855(17$7(6

ltgtH4414=458CB 27$121amp855(17$7(6

27$$7(6

487lt

4C08=4340A=8=6B 27$(487lt

27$$7(6$1(487lt $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC47$7(0(1762)2035(+(169(1amp20(266257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt 27$5(9(18(

3(16(6 4B40A270=3gt4A0C8gt=4G4=B4B

3(5$711amp20(266

8=0=248=2gtlt4 8=0=242gtBCB C74A608=BgtBB

52)7266)257+(lt($5

7+(5amp2035(+(169(1amp20(266

27$amp2035(+(169(1amp20(266 )257+(lt($5 $

( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC47$7(0(1762)+$1(61487lt257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(7$1(

($5116 27$(487lt

$$1amp($7amp72(5 $

(Agt58C5gtAC744A8gt3

27$amp2035(+(169(1amp20(

$$1amp($7(amp(0(5 $

$$1amp($7$18$5lt $

$gtBB5gtAC74H40A

27$amp2035(+(169(266

$$1amp($7(amp(0(5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC47$7(0(1762)$6+26257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(7+528+(amp(0(5

$6+)26)52023(5$71$amp797(6 (Agt58CgtBB5gtAC744A8gt3 $ 39DBClt4=CB5gtA 4=C04G4=B4B 4A4280C8gt= ltgtAC8I0C8gt= 8=0=244G4=B4B 8=0=248=2gtlt4 gt=CA81DC8gt=B5gtA=gt=Agt58C1DB8=4BB A4BDC8=65Agtlt34EgtE4lt4=C

70=64B8=0BB4CB0=380188C84B 22gtD=CBA4248E014B 22AD438=2gtlt4 C74A2DAA4=C0BB4CB 22gtD=CB0H014 454AA438=2gtlt4 C74A2DAA4=C80188C84B

=C4A4BCA4248E43 (7amp$6+3529(lt86(123(5$71$amp797(6 $6+)26)52019(671$amp797(6 42A40B48=B7gtACC4Alt58=0=2808=BCADlt4=CB 42A40B48=40B47gt334gtB8CB 2D8B8C8gt=gt5Agt4ACH0=34D8lt4=C 2D8B8C8gt=gt58=C0=68140BB4CB =2A40B48=40B47gt334gtB8CB amp4C20B75gtFB5Agtlt34EgtE4lt4=C

(7amp$6+3529(lt19(671$amp797(6

$6+)26)520)1$1amp1$amp797(6 ))(amp76 2) (amp+$1( 5$7( amp+$1(6 21 amp$6+ $1 amp$6+(489$(176

(71amp5($6(1amp$6+$1amp$6+(489$(176

$6+$1amp$6+(489$(176$7(111

$6+$1amp$6+(489$(176$7(12)lt($5 $ ( $ $ $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(32571177lt

8=C4A=0C8gt=0gtA60=8I0C8gt=F0B5gtD=343gt=2Cgt14A10B43gt=M6A44lt4=Cgt=C74BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N 343820C43 Cgt C74 AgtltgtC8gt= gt5 42gt=gtlt826AgtFC7 0=3 34E4gtlt4=C F784 A43D28=6 20A1gt= 4lt8BB8gt=B 8=2A40B8=6 BDBC08=0188CH 0=3BCA4=6C74=8=6 28lt0C4 A4B884=24 84 6A44= 6AgtFC7 74 gtA40= amp0C8gt=0 BB4lt1H A0C85843M6A44lt4=Cgt=C74BC018B7lt4=Cgt5C74gt10A44=AgtFC7=BC8CDC4Ngt=ampgtE4lt14A0=3 70B 4=CADBC43 0= 8=BCADlt4=C gt5 A0C85820C8gt= gt= ampgtE4lt14A F7827 8B7403D0AC4A438=+4gtDgtA4070BB0C48C4gt55824B 8=1D7018gt4=7064=0=3$gt=3gt=0=32gt=3D2CB 8=2gtD=CAH gt4A0C8gt=B 8= B4E4A0 2gtD=CA84B BD27 0B C78gt80 =3gt=4B80 0lt1gt3804G82gt(4AD0=3gtC74ABB34B2A81438==gtC4CgtC7458=0=280BC0C4lt4=CBC74A867CBgt1860C8gt=BD=34AC08=64G8BC8=6A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0A60=8I0C8gt=F8C7gtDC 2gt=B834A0C8gt= 4A M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74gt10A44=AgtFC7=BC8CDC4Ngt=424lt14A

$662)5(3$5$721 $ 7$7(0(172)amp203$1amp(

7458=0=280BC0C4lt4=CB70E4144=A40A438=022gtA30=24F8C7=C4A=0C8gt=08=0=2804gtAC8=6+C0=30A3B+B

$662)($685(0(17

7458=0=280BC0C4lt4=CB70E4144=A40A43gt=C7478BCgtA8202gtBC10B8Bamp 81amp721$$15(6(17$721amp855(1amp(6

74B458=0=280BC0C4lt4=CB0A4A4B4=C438=-+3gt0AF78278BLB5D=2C8gt=02DAA4=2Hgt5C74A8lt0AH42gt=gtlt824=E8Agt=lt4=C8=F7827gt4A0C4B

6(2)670$7(6$18(0(176

74A40A0C8gt=gt5 C74 58=0=280 BC0C4lt4=CB 8= 022gtA30=24F8C7 +B A4D8A4Blt0=064lt4=C Cgtlt04 9D36lt4=CB 4BC8lt0C4B 0=3 0BBDltC8gt=B C70C 05542C C74 0820C8gt= gt5 022gtD=C8=6 gt8284B0=3 C74 A4gtAC430ltgtD=CBgt50BB4CB 80188C84B 8=2gtlt40=34G4=B4 2CD0 A4BDCBlt0H38554A5AgtltC74B44BC8lt0C4BBC8lt0C4B 0=3 D=34AH8=6 0BBDltC8gt=B 0A4 A4E84F43 gt= 0= gt=6gt8=6 10B8B 4E8B8gt=B Cgt022gtD=C8=64BC8lt0C4B0A4A42gt6=8I438=C744A8gt38=F7827C744BC8lt0C4B0A4A4E8B430=38=0=H5DCDA44A8gt3B05542C43

=5gtAlt0C8gt= 01gtDC 0BBDltC8gt=B 0=3 4BC8lt0C8gt= D=24AC08=C84B C70C 70E4 0 B86=85820=C A8B gt5A4BDC8=68=0lt0C4A80039DBClt4=CF8C78=C74=4GC58=0=280H40A0A48=2D3438=C745gtgtF8=6=gtC4

ampgtC4O(Agt4ACH0=3D8lt4=C

A4E84FB C744BC8lt0C43DB45D 8E4Bgt5Agt4ACH0=34D8lt4=C0C C744=3gt540270==D0A4gtAC8=64A8gt30=064lt4=CLB0BBDltC8gt=B2gtD305542CC7434C4Alt8=0C8gt=gt54BC8lt0C43DB45D8E4B

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(6

74B86=85820=C022gtD=C8=6gt8284B08431H8=A40A0C8gt=gt58CB58=0=280BC0C4lt4=CB0A48=2D343 14gtF 74 022gtD=C8=6 gt8284B B4C gtDC 14gtF 70E4 144= 0843 2gt=B8BC4=CH Cgt 04A8gt3BA4B4=C438=C74B458=0=280BC0C4lt4=CB

$ $6+$1amp$6+(489$(176

0B7 0=3 20B7 4D8E04=CB 2gtltA8B4 20B7 gt= 70=3 34lt0=3 34gtB8CB 0=3 B7gtACC4Alt 7867H8D838=E4BClt4=CBC70C0A4A4038H2gt=E4AC814Cgt=gtF=0ltgtD=CBgt520B70=3F78270A4BD1942CCgt0=8=B86=85820=CA8Bgt5270=64B8=E0D40=30A4DB431H8=lt0=064lt4=Cgt58CBB7gtACC4Alt2gtltlt8Clt4=CB

21(59$79()1$1amp$$66(76

20BB8584BC74=gt=34A8E0C8E458=0=2800BB4CBF78270A458G43gtA34C4Alt8=0140Hlt4=CBC70C0A4=gtCDgtC438=0=02C8E4lt0A4C0Bgt0=B0=3A4248E014BA42gt6=8I4B58=0=2800BB4CB8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C748=BCADlt4=C

-gt= 8=8C80 A42gt6=8C8gt= =gt=34A8E0C8E4 58=0=280 0BB4CB 0A4 lt40BDA43 0C C748A 508A E0D4 DBCA0=B02C8gt=2gtBCBC70C0A438A42CH0CCA81DC014CgtC740BB4CLB02D8B8C8gt=gtA8BBD0=24

34A42gt6=8I4B058=0=2800BB4CF74=C742gt=CA02CD0A867CBCgtC7420B75gtFB5AgtltC740BB4C4G8A4gtA 8C CA0=B54ABC74A867CBCgtA4248E4C742gt=CA02CD020B75gtFBgt=C7458=0=2800BB4C 8=0CA0=B02C8gt=8=F7827BD1BC0=C80H0C74A8BB0=3A4F0A3Bgt5gtF=4AB78gt5C7458=0=2800BB4C0A4CA0=B54AA43 =H 8=C4A4BC 8= CA0=B54AA43 58=0=280 0BB4CB C70C 8B 2A40C43gtA A4C08=431H 8BA42gt6=8I430B0B40A0C40BB4CgtA80188CH

5 A4C08=B BD1BC0=C80H 0 C74 A8BB 0=3 A4F0A3Bgt5 gtF=4AB78gt5 C74 CA0=B54AA43 58=0=2800BB4CB 2gt=C8=D4B Cgt A42gt6=8I4 C74 CA0=B54AA43 58=0=280 0BB4CB 0=3 A42gt6=8I4B 58=0=28080188C84B5gtAC742gt=B834A0C8gt=A4248E43

8=0=280 0BB4CB 0=3 58=0=280 80188C84B 0A4 gt55B4C 0=3 C74 =4C 0ltgtD=C 8B A4B4=C43 8= C74 BC0C4lt4=Cgt558=0=280gtB8C8gt=gt=HF74=2DAA4=CH70B0460H4=5gtA24014A867CCgtgt55B4CC74A42gt6=8I430ltgtD=CB0=3C74A48BC748=C4=C8gt=CgtB4CC4gt=0=4C10B8BgtACgtA408I4C740BB4C0=3B4CC4C7480188CHB8ltDC0=4gtDBH

amp 03$50(172))1$1amp$$66(76

58=0=2800BB4C=gtC20AA8430C508AE0D4C7AgtD67Agt58CgtAgtBB8B0BB4BB430C4027A4gtAC8=630C4Cgt34C4Alt8=4F74C74AC74A48Bgt1942C8E44E834=24C70C8C8B8lt08A4358=0=2800BB4C8B8lt08A4385gt1942C8E44E834=24 8=3820C4B C70C0 gtBB4E4=C70Bgt22DAA4305C4A C74 8=8C80 A42gt6=8C8gt=gt5 C740BB4C0=3C70C C74 gtBB4E4=C7030=460C8E445542Cgt=C744BC8lt0C435DCDA420B75gtFBgt5 C70C0BB4C C70C 20= 14 4BC8lt0C43 A4801H gtF4E4A gtBB4B 4G42C43 0B 0 A4BDC gt5 5DCDA4 4E4=CBA460A34BBgt58487gtgt30A4=gtCA42gt6=8I43

= 0338C8gt= 5gtA 0= 8=E4BClt4=C 8= 0=4D8CH B42DA8CH 0 B86=85820=CgtAAgtgt=6433428=4 8= 8CB 508AE0D414gtF8CB2gtBC8Bgt1942C8E44E834=24gt58lt08Alt4=C 5 58=0=2800BB4CB70E4gt1942C8E44E834=24 C70C C74H0A4 8lt08A43 8lt08Alt4=C gtBB4BB7gtD314lt40BDA430=3A42gt6=8I43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718( 03$50(172))1$1amp$$66(76amp21718(

=8lt08Alt4=CgtBB8=A4B42Cgt5058=0=2800BB4Clt40BDA430C0ltgtAC8I432gtBC8B202D0C430BC7438554A4=2414CF44=8CB20AAH8=60ltgtD=C0=3C74A4B4=CE0D4gt58CB4BC8lt0C435DCDA420B75gtFB38B2gtD=C43 0C C74 0BB4CLB gtA868=0 45542C8E4 8=C4A4BC A0C4 5 8C 8B =gtC A02C82014 Cgt gt1C08= C748=BCADlt4=CLB4BC8lt0C435DCDA420B75gtFB8lt08Alt4=CgtBB4BFgtD314lt40BDA431HDB8=6A824B5Agtlt0=Hgt1B4AE0142DAA4=Clt0A4CCA0=B02C8gt=B20=A42gt6=8I48lt08Alt4=CgtBB4B38A42CHgtA4BC018B70AgtE8B8gt=Cgt2gtE4A8lt08Alt4=CgtBB4B58=0BD1B4D4=C4A8gt3C740ltgtD=Cgt5C748lt08Alt4=C gtBB 342A40B4B 0=3 C74 342A40B4 20= 14 A40C43 gt1942C8E4H Cgt 0= 4E4=C gt22DAA8=605C4AC748lt08Alt4=CF0BA42gt6=8I43BD270B0=8ltAgtE4lt4=C8=C74341CgtAB2A438CA0C8=6C74A4E8gtDBH A42gt6=8I43 8lt08Alt4=C gtBB B70 14 A4E4AB43 48C74A 38A42CH gtA 1H 039DBC8=6 0=0gtF0=24022gtD=C

( 523(57lt$1(4830(17

(Agt4ACH0=34D8lt4=C0A4lt40BDA43 8=8C80H0C2gtBC0=305C4A 8=8C80 A42gt6=8C8gt= 742gtBCgt5Agt4ACH0=34D8lt4=C8=2D34B4G4=38CDA40A8B8=638A42CH5AgtltC742gt=BCAD2C8gt=gtA02D8B8C8gt=gt5 C74 0BB4C 0=H 2gtBCB 38A42CH 0CCA81DC014 Cgt 1A8=68=6 C74 0BB4C Cgt C74 gt20C8gt= 0=3 2gt=38C8gt==424BB0AH5gtAC74ltCgt1420014gt5gt4A0C8=68=C74lt0==4A8=C4=3431Hlt0=064lt4=C0=3C748=8C804BC8lt0C4gt5C742gtBCBgt538Blt0=C8=60=3A4ltgtE8=6C748C4lt0=3A4BCgtA8=6C74B8C4gt=F7827C74H0A4gt20C43+D1B4D4=CCgt8=8C80A42gt6=8C8gt=0=8C4ltgt5Agt4ACH0=C0=34D8lt4=CB701420AA8430C8CB2gtBC4BB0=H022DltD0C4334A4280C8gt=0=30=H022DltD0C438lt08Alt4=CgtBB4B+D1B4D4=C2gtBCB0A4A42gt6=8I438=C7420AAH8=60ltgtD=Cgt5Agt4ACH0=C0=34D8lt4=C0C2gtBCgtA850AgtA80C40BB40A0C48C4ltB858C8BAgt1014C70C5DCDA442gt=gtlt8214=458CB0BBgt280C43F8C7C74 8C4ltF8 5gtF Cgt 0=3 C74 2gtBC gt5 C74 8C4lt 20= 14lt40BDA43 A4801H 74 20AAH8=60ltgtD=C gt5 C74 A40243 0AC 8B 34A42gt6=8I43 74 2gtBCB gt5 C74 30HCgt30H B4AE828=6 0A4A42gt6=8I438=Agt58CgtAgtBB0B8=2DAA43(Agt4ACH0=34D8lt4=C0A434A4280C43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt540270ACgt50=8C4ltgt5Agt4ACH0=34D8lt4=C 744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

C74AAgt4ACH0=34D8lt4=C J $40B47gt38ltAgtE4lt4=CB 47824

4A4280C8gt=lt4C7gt3BDB45D8E4B0=3A4B83D0E0D4B0A4A4E84F430CC744=3gt54027A4gtAC8=630C4 0=3 039DBC43 85 0AgtA80C4 74 270=64 8B 022gtD=C43 5gtA 0B 0 270=64 8= 0= 022gtD=C8=64BC8lt0C4

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

) 17$1($66(76gtBCgt58=C0=68140BB4CB8=2D34B4G4=38CDA4C70C8B38A42CH0CCA81DC014CgtC7402D8B8C8gt=gt5C740BB4CB =C0=68140BB4CB0A40ltgtAC8I43gt=0BCA0867C8=410B8BgtE4AC744BC8lt0C43DB45D8E4Bgt58=C0=68140BB4CB5AgtltC7430C4C70CC74H0A40E080145gtADB4 74A4B83D0E0D4gt5 8=C0=68140BB4CB8B0BBDlt43Cgt14I4Agt

744BC8lt0C43DB45D8E4B5gtAC742DAA4=C4A8gt30A40B5gtgtFB

6()89(6lt($56

+gt5CF0A4

ltgtAC8I0C8gt=4A8gt3B0=3 C740ltgtAC8I0C8gt=lt4C7gt3B 5gtA 8=C0=68140BB4CBF8C7 58=8C4DB45D 8E4B0A4 A4E84F43 0C C74 4=3 gt5 4027 A4gtAC8=6 4A8gt3 70=64B 0A4 022gtD=C43 5gtA 0B 270=64B 8=022gtD=C8=64BC8lt0C4B

03$50(172)121)1$1amp$$66(76 0A4 A4E84F43 0C C74 4=3 gt5 C74 A4gtAC8=6 4A8gt3 Cgt 34C4Alt8=4 F74C74A C74A4 8B 0=H8=3820C8gt=gt5 8lt08Alt4=C 5 0=HBD27 8=3820C8gt=4G8BCB C74= C740BB4CLB A42gtE4A0140ltgtD=C 8B4BC8lt0C43

4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt50=8=38E83D00BB4C858C8B8ltgtBB814Cgtlt40BDA4C748=38E83D0A42gtE4A0140ltgtD=Cgt50=0BB4CC74=4BC8lt0C4BC74A42gtE4A0140ltgtD=Cgt520B764=4A0C8=6D=8CM-N -8BC74Blt04BC834=C8580146AgtDgt50BB4CBC70C64=4A0C4B20B78=5gtFBC70C0A4 0A64H 8=344=34=Cgt5C7420B7 8=5gtFB5AgtltgtC74A0BB4CBgtA6AgtDBgt50BB4CB 74A42gtE4A0140ltgtD=Cgt50=0BB4CgtA-8BC746A40C4Agt58CBE0D48=DB40=38CB508AE0D44BB2gtBCB Cgt B4 74 E0D4 8= DB4 8B 4BC8lt0C43 1H 0H8=6 0 A4C0G 38B2gtD=C A0C4 C70C A4542C2DAA4=Clt0A4C 0BB4BBlt4=CBgt5 C74 C8lt4E0D4gt5ltgt=4H0=3 C74 A8BBB428582 Cgt C740BB4CgtA-5gtAF78274BC8lt0C435DCDA420B75gtFB70E4=gtC144=039DBC43CgtC744BC8lt0C435DCDA420B75gtFB4G42C43Cgt1464=4A0C431HC740BB4CgtA-

= 8lt08Alt4=C gtBB 8B A42gt6=8I43 85 C74 20AAH8=6 0ltgtD=C gt5 0= 0BB4C gtA 0 - 4G2443B 8CBA42gtE4A0140ltgtD=Clt08Alt4=CgtBB4B0A4A42gt6=8I438=Agt58CgtAgtBB

= 8lt08Alt4=C gtBB 8B A4E4AB43 85 C74A470B144=0270=64 8= C744BC8lt0C4BDB43Cgt34C4Alt8=4C74 A42gtE4A014 0ltgtD=C = 8lt08Alt4=C gtBB 8B A4E4AB43 gt=H Cgt C74 4GC4=C C70C C74 0BB4CLB20AAH8=60ltgtD=C3gt4B=gtC4G2443C7420AAH8=60ltgtD=CC70CFgtD370E4144=34C4Alt8=43=4Cgt534A4280C8gt=gtA0ltgtAC8I0C8gt=85=gt8lt08Alt4=CgtBB703144=A42gt6=8I43

+ 21(59$79()1$1amp$$7(6

A42gt6=8I4B58=0=28080188C84B8=C74BC0C4lt4=Cgt558=0=280gtB8C8gt=F74=142gtlt4B00ACHCgtC742gt=CA02CD0AgtE8B8gt=Bgt5C7458=0=28080188CH

CC7430C4gt5 8=8C80A42gt6=8C8gt=58=0=280 80188C84B0A4lt40BDA430C508AE0D4lt8=DBCA0=B02C8gt=2gtBCB C70C 0A4 38A42CH 0CCA81DC014 Cgt C74 02D8B8C8gt= +D1B4D4=C Cgt 8=8C80 A42gt6=8C8gt= gtC74A58=0=28080188C84B0A4lt40BDA430C0ltgtAC8I432gtBCDB8=6C7445542C8E48=C4A4BClt4C7gt3

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

+ 21(59$79()1$1amp$$7(6amp21718( 34A42gt6=8I4B 0 58=0=280 80188CH 5Agtlt C74 BC0C4lt4=C gt5 58=0=280 gtB8C8gt= F74= 8C 8B4GC8=6D8B74384F74=C74gt1860C8gt=B42858438=C742gt=CA02C8B38B270A64320=2443gtA4G8A4B

032lt(((1()76gtA3458=432gt=CA81DC8gt=0=BF74=0=4ltgtH4470BA4=34A43B4AE824Cgt3DA8=604A8gt3 A42gt6=8I4B C74 2gt=CA81DC8gt= 0H014 Cgt 0 3458=43 2gt=CA81DC8gt= 0= 8= 4G270=64 5gtA C70CB4AE8240B0=022AD434G4=B405C4A343D2C8=60=H2gt=CA81DC8gt=B0A403H0835C742gt=CA81DC8gt=B0A403H0834G2443C742gt=CA81DC8gt=3D45gtAB4AE824145gtA4C744=3gt5C74A4gtAC8=64A8gt3A42gt6=8I4BC70C4G24BB0B0=0BB4CA40834G4=B4CgtC744GC4=CC70CC74A40Hlt4=CF8403Cgt0A43D2C8gt=8=5DCDA40Hlt4=CBgtA020B7A45D=3

- 25(1amp855(1amplt75$16$721gtA486= 2DAA4=2H CA0=B02C8gt=B 0A4 8=8C80H A42gtA343 DB8=6 C74 BgtC 4G270=64 A0C4 14CF44= C745D=2C8gt=02DAA4=2H0=3C745gtA486=2DAA4=2H0CC7430C4gt5C74CA0=B02C8gt= CC744=3gt54027A4gtAC8=6 4A8gt3 5gtA486= 2DAA4=2H ltgt=4C0AH 8C4ltB 0A4 CA0=B0C43 DB8=6 C74 2gtB8=6 A0C4 ampgt=ltgt=4C0AH0BB4CB0=380188C84B34=gtlt8=0C438=5gtA486=2DAA4=284BC70C0A4lt40BDA430C508AE0D40A4A4CA0=B0C43CgtC745D=2C8gt=02DAA4=2H0CC744G270=64A0C40CC7430C4C70CC74508AE0D4F0B34C4Alt8=43G270=64 38554A4=24B 0A8B8=6 gt= C74 B4CC4lt4=C gt5ltgt=4C0AH 8C4ltB gtA gt= CA0=B0C8=6ltgt=4C0AH8C4ltB0CA0C4B38554A4=C5AgtltC7gtB40CF7827C74HF4A4CA0=B0C43gt=8=8C80A42gt6=8C8gt=3DA8=6C744A8gt30A4A42gt6=8I438=Agt58CgtAgtBB8=C744A8gt38=F7827C74H0A8B4

(9(18(5(amp21721

25()8161($50$5()816gtA4 5D=3B 0A4 5D=3B 1H F8C7 =gt 2gt=B834A0C8gt= AgtE8343 38A42CH 8= A4CDA= Cgt C74 3gt=gtA74B4A4BgtDA24B0A40E080145gtA64=4A0DB41H 8C7 A460A3B Cgt 2gtA4 5D=3B A42gt6=8I4B 0= 0BB4C 20B7gtA A4248E014 0=3 A4E4=D40C C7440A84Agt520B7A4248E43gtA5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5C742gt=CA81DC8gt=Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B00C4A2gt=CA81DC8gt=BC0AC30C4$50$5()81674B4 5D=3B0A4BD1942C Cgt0 B428582DAgtB43420A431H C743gt=gtABgtAF8C7 C748A 0DC7gtA8CH 74 5D=3B 20= gt=H 14 DB43 5gtA DAgtB4B 5gtA F7827 C74H 0A4 8=C4=343 0B 4A C74 3gt=gtA06A44lt4=CB gtA40Alt0A435D=3BA42gt6=8I4B0=0BB4C20B7gtAA4248E0140=380188CH3454AA438=2gtlt40C C7440A84Agt520B7 A4248E43gtA 5gtAlt002=gtF4364lt4=C1306A44lt4=Cgt5 C742gt=CA81DC8gt= Cgt14AgtE8343D=4BBC7406A44lt4=CB428584B0 0C4A2gt=CA81DC8gt=BC0AC30C474 80188CH 8BA43D2430=3 A4E4=D4 8B A42gt6=8I43 8= AgtgtAC8gt= Cgt C74 BC064 gt5 2gtlt4C8gt= gt5 C74 CA0=B02C8gt= 0C C74A4gtAC8=6 30C4 74 BC064 gt5 2gtlt4C8gt= 8B 0BB4BB43 1H A454A4=24 Cgt C74 BDAE4HB gt5 FgtA4A5gtAlt43 gtF4E4AF74= C74gtDC2gtlt4gt5 C74 CA0=B02C8gt= 8=EgtE8=6 C74 A4=34A8=6 gt5 B4AE824B20==gtC 14 4BC8lt0C43 A4801H A4E4=D4 B70 14 A42gt6=8I43 gt=H Cgt C74 4GC4=C gt5 C74 4G4=B4BA42gt6=8I43C70C0A4A42gtE4A014

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1)amp$17ampamp281712amp(621718(

1$1amp(1amp20($1)1$1amp(amp2676 =C4A4BC 8=2gtlt48B022AD43gt=0C8lt410B8B1HA454A4=24CgtC74A8=280gtDCBC0=38=60=30CC7445542C8E48=C4A4BCA0C4082014

0 1$1amp$560$1$(0(17

70B4GgtBDA4CgtC742DAA4=2HA8B5Agtlt5gtA486=2DAA4=2HCA0=B02C8gt=B0=38C8B4D843F8C7gt8284B0=3Agt243DA4BCgt2gt=CAgt58=0=280A8B

1 (67$1$56$117(535(7$7216127lt(7$237(74 5gtgtF8=6 =4FBC0=30A3B 8=C4AA4C0C8gt=B 0=3 0lt4=3lt4=CB Cgt4G8BC8=6 BC0=30A3B 70E4 144=D18B743 0=3 0A4lt0=30CgtAH 5gtA 5gtA 0==D0 4A8gt3B 1468==8=6 05C4A 0=D0AH 0=370B=gtC40AH03gtC43C74lt 0=064lt4=C1484E4BC748lt02Cgt5C740lt4=3lt4=CBgt=C7458=0=280BC0C4lt4=CB8B=gtCB86=85820=C

+) $amp $$ 74 0lt4=3lt4=CB 20A85843 C74 0820C8gt= 6D830=24 A40C43 Cgt Kgt55B4CC8=6 0 58=0=280 0BB4C 0=3 058=0=280 80188CHL 74 0lt4=3lt4=C 8B lt0=30CgtA8H 45542C8E4 5gtA 4A8gt3B 1468==8=6 gt= gtA 05C4A0=D0AHF8C740A84A0820C8gt=4Alt8CC43

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

$6+$1$6+489$(176

0 0B70=320B74D8E04=CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

7428=6022gtD=CB $

1 0B70=320B74D8E04=CB34=gtlt8=0C438=5gtA486=2DAA4=284B0Bgt5424lt14A0=30A40B5gtgtFB

amp (

25(1amp855(1amplt

25(1amp855(1amplt$02817

5$16$721172

25(1amp855(1amplt$02817

5$16$721 172

$ $ - -+ ( amp

$ $

2 DAA4=2H4G270=64A0C4B0Bgt5424lt14A0=30A40B5gtgtFB

(amp(0(5 (amp(0(5855(1amplt 11(amp+$1(5$7( 11(amp+$1(5$7(

$ - -+ ( amp

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(176 0 0C46gtA84Bgt558=0=2800BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

855(17)1$1amp$$66(76

0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=2808=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

+D1CgtC0 $ 21amp855(17)1$1amp$$66(76 $40B47gt334gtB8CB $ $ 1 0C46gtA84B gt5 58=0=280 80188C84B 0B gt5 424lt14A 0=3 0A4 BDltlt0A8I43 0B

5gtgtFB

1$1amp$$7(6

0($685($7$0257=(amp267 1$1amp$$7(6

0($685($7$0257=(amp267 855(17)1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(2 8=0=248=2gtlt41H20C46gtA84B

8 4C08B gt5 58=0=24 8=2gtlt4 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 88 4C08B gt5 58=0=24 8=2gtlt41H 20C46gtA84B 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 888 4C08B gt5 58=0=24 2gtBCB 1H 20C46gtA84B 5gtA C74 H40A 4=343 424lt14A 0A4BDltlt0A8I430B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(6

0($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

13 1$1amp$167580(17621718(

2 8=0=248=2gtlt41H20C46gtA84B2gt=C8=D438E 4C08Bgt558=0=242gtBCB1H20C46gtA84B5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

$6+$1amp$6+(489$(176

2$16$15(amp(9$(6

1$1amp$$7(60($685($7$0257=(amp267 27$

$gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B $ 3 7420AAH8=60ltgtD=C0=3C74508AE0D4gt558=0=2808=BCADlt4=CB0Bgt5424lt14A0=3

0A4BDltlt0A8I430B5gtgtFB

$55lt1$02817 $59$8(

$55lt1$02817 $59$8(

1$1amp$$66(76 0B70=320B74D8E04=CB $ +7gtACC4Alt58=0=280 8=BCADlt4=CB $40B47gt334gtB8CB 22gtD=CBA4248E014 22AD438=2gtlt4

27$)1$1amp$$66(76 $

1$1amp$$7(6 22gtD=CB0H014 $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

523(57lt$14830(17

0 4C08Bgt5Agt4ACH0=34D8lt4=C0Bgt5424lt14A0=30A40B5gtgtFB8 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

88 424lt14A

amp486721amp267 ampamp808$7((35(amp$721 $55lt1$02817

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

1 70=64B8=Agt4ACH0=34D8lt4=C5gtAC74H40A4=343424lt14A0A4BDltlt0A8I43

0B5gtgtFB

$18$5lt amp486721 6326$6 (35(amp$721

(amp(0(5

558244D8lt4=C $ $40B47gt38ltAgtE4lt4=CB 47824

$

2 74A48B=gt270=648=Agt4ACH0=34D8lt4=C5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=

30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

17$1(66(76

0 4C08Bgt58=C0=68140BB4CB0Bgt5424lt14A0=30A40B5gtgtFB

8 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

88 424lt14A

amp486721

amp267 ampamp808$7($0257=$721

$55lt1$02817

+gt5CF0A4 $

1 70=64B 8= 8=C0=6814 0BB4CB 5gtA C74 H40A 4=343 424lt14A 0A4 BDltlt0A8I43 0B5gtgtFB

$18$5lt amp486721 6326$6 0257=$721

(amp(0(5

+gt5CF0A4 $

2 74A48B=gt270=648=8=C0=68140BB4CB5gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

032lt(((1()76

0 458=432gt=CA81DC8gt=0=B gt4A0C4B 0 3458=43 2gt=CA81DC8gt= 0= 5gtA 4ltgtH44B 7gtD67 0HB 58G432gt=CA81DC8gt=B8=Cgt0B40A0C45D=34ltgtH4414=458CBA40C8=6Cgt4ltgtH44B4AE824A4=34A438B10B43gt= C74 2gt=CA81DC8gt=B Cgt C74 5D=3B 0=3 C74 8=E4BClt4=C40A=8=6Bgt= 8C(0= 0BB4CB 0A4lt0=06431H0CADBC44F8C78=05D=3B40A0C45AgtltLB0BB4CB

74 4G4=B4B A40C43 Cgt gtBC4ltgtHlt4=C 14=458C D=34A 3458=43 2gt=CA81DC8gt= 0=B 5gtA C74H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A0A40B5gtgtFB

G4=B4A40C43CgtgtBC4ltgtHlt4=C14=458C D=34A3458=432gt=CA81DC8gt=0= $

1 gt4A0C43 0 3458=4314=458C 0= 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt= 30C4C7AgtD67424lt14A

8 2CD0A800BBDltC8gt=B(A8=28002CD0A800BBDltC8gt=B0CC74A4gtAC8=630C44GA4BB430BF4867C430E4A064B

8B2gtD=CA0C4

0C4gt55DCDA4B00AH8=2A40B4B

gtAC74DAgtB4gt5202D0C8=6A4B4=CE0D4gt5C743458=4314=458Cgt1860C8gt=BDB4BC74 38B2gtD=C A0C4 34C4Alt8=43 1H A454A4=24 Cgtlt0A4C H843B 0C C74 4=3 gt5 C74 A4gtAC8=64A8gt3gt=7867D08CH2gtAgtA0C41gt=3B2gt=B8BC4=CF8C7C742DAA4=2H0=34BC8lt0C43C4Altgt5C743458=4314=458Cgt1860C8gt=B

88 4C08Bgt53458=4314=458C80188C84B0Bgt5424lt14A0A4BDltlt0A8I430B5gtgtFB

458=4314=458Cgt1860C8gt=B

(A4B4=CE0D4gt53458=4314=458Cgt1860C8gt=B $

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

7+(5855(1766(76$17+(5855(17$7(60 C74A2DAA4=C0BB4CB0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

3E0=240Hlt4=CB $ (A40834G4=B4B C74AB

$

1 C74A2DAA4=C80188C84B0Bgt5424lt14A0=30A4BDltlt0A8I430B5gtgtFB

8C77gt38=6B $ C74AB

$

(9(18(

0 4E4=D4 5gtA C74 H40A 4=343424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A 8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

27(

gtA45D=3B $ 0Alt0A435D=3B 4C08=4340A=8=6B5Agtlt

$

ampgtC4 74 A4E4=D4 022gtD=CB 70E4 144= A420BB85843 0B 2gtA4 5D=3B 0=3 40Alt0A43 5D=3B Cgt0AgtA80C4HA4542CC74270A02C4A8BC82Bgt5C74A4BgtDA24B0B34B2A81438=ampgtC474A8gtAH40ALB022gtD=CB70E4144=A420BB85843Cgt142gt=B8BC4=CF8C72DAA4=CH40ALBA4B4=C0C8gt= gt=B4D4=CCgtC742gtltA474=B8E402D8B8C8gt=gt50B34B2A81438=ampgtC4C740BB4CB0=380188C84Bgt5F4A4CA0=B54AA43Cgtgt=424lt14A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(

1 4C08Bgt5A4E4=D45gtAC74H40A4=343424lt14A0=35gtAC744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

25()816 74gtE4A=lt4=Cgt5DBCA080 $ 74gtE4A=lt4=Cgt54=lt0A 748=8BCAHgt5gtA486=5508AB0=3A034gt5744D182gt5gtA40 74+C0C4gt5)0C0A

+D1CgtC0

$50$5()816 +F8BB64=2H5gtA4E4gtlt4=C0=3gtgt4A0C8gt=+ 74-=8C43A01lt8A0C4B8=8BCAHgt5gtA486=5508AB 74ampgtAF4680=8=8BCAHgt5gtA486=5508ABKgtD=CAH(Agt6A0lt5gtAC78gt80J 74ampgtAF4680=8=8BCAHgt5gtA486=5508AB K=3gt=4B80gtD=CAH(Agt6A0ltL DAgt40=0=5gtA42gt=BCAD2C8gt=0=34E4gtlt4=C 74434A08=8BCAH5gtAC74=E8Agt=lt4=Camp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CH- 7440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=C - gtA34BgtDA24B=BC8CDC4Kamp4F8lt0C42gt=gtltH(Agt942CL 8lt0C40=34E4gtlt4=C=gtF4364amp4CFgtAamp DAgt40=8lt0C4D=3

+D1CgtC0

7+(56 4C08=4340A=8=6B5Agtlt

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718(25()816

8 74 6gtE4A=lt4=C gt5 DBCA080 A4A4B4=C43 1H C74 DBCA080= 64=2H 5gtA =C4A=0C8gt=04E4gtlt4=CMDBNF82gt=CA81DC40CgtC00ltgtD=Cgt5DCgt-8=2gtlt80=24F8C7A0=C6A44lt4=C=Dlt14A8=CgtBDgtACC74gt4A0C8gt=BD=C8=gt0C4AC70=0A27D=4BBgtC74AF8B4ltDCD0H34C4Alt8=431H C740AC84B 8=FA8C8=6DB70B083 C7458=0 CA0=274 8= C74 0ltgtD=CB gt5 - 8= 0=3 -8=88=C746gtE4A=lt4=Cgt54=lt0AB86=430=06A44lt4=CCgtAgtE83406A0=CCgt3DA8=6C744A8gt35AgtltCgt7458ABC 8=BC0lt4=C0ltgtD=C43Cgt 8=C74B42gt=338B1DAB4lt4=C0ltgtD=C43Cgt8=0=3C7458=038B1DAB4lt4=C8=C740ltgtD=Cgt5F0B38B1DAB438=888 748=8BCAHgt5gtA486=5508ABgt5 C744D182gt5gtA40AgtE834310B43gt=

C744ltgtA0=3Dlt gt5 -=34ABC0=38=6 gt= gtgt4A0C8gt= 14CF44= 0=3 gt5 C744D182gt5gtA400=3

8E 10B43gt= C74BC018B7lt4=C6A44lt4=C 8=748=8BCAHgt5gtA486=5508ABgt5C744D182gt5gtA4070B2gt=CA81DC438=10B43gt=C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=gtgt4A0C8gt=14CF44=0=3gt5C744D182gt5gtA40

8E=0=3C74+C0C4gt5)0C0AB86=43C744ltgtA0=3Dltgt5-=34ABC0=38=6gt=A44=AgtFC7gtgt4A0C8gt=F78270558AltBC74 58=0=280BDgtACgt53DA8=6C744A8gt3 5AgtltCgt74+C0C4gt5)0C0A6A0=C43Cgt8= $50$5()816

8 = 0=3 +F8BB 64=2H 5gtA 4E4gtlt4=C 0=3 gtgt4A0C8gt= K+L B86=43 0=06A44lt4=CCgt5gtAlt08I405A0lt4FgtAgt52gtgt4A0C8gt=+6A0=C43Cgt3DA8=6C744A8gt35Agtlt2Cgt14ACgtD=4A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=88 74 ampgtAF4680= 8=8BCAH gt5 gtA486= 5508AB F8 2gt=CA81DC4 0 CgtC0 0ltgtD=C gt5 D Cgt amp A40C43 Cgt KA44=AgtFC7 =BC8CDC4gtD=CAH (Agt6A0lt 5gtA C78gt80 JL 7458ABC CA0=274 0ltgtD=C8=6 Cgt amp F0B 38B1DAB43 8= 0=3 A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

888 =B86=430B4AE82406A44lt4=CA40C43Cgt K=3gt=4B80gtD=CAH(Agt6A0ltLF8C7C74ampgtAF4680=8=8BCAH gt5 gtA486= 5508AB gt20C43 8= ampgtAF0H 74 0==43 Agt942C 4A8gt3 8B 5Agtlt2Cgt14A Cgt424lt14A0=3 C78B B4AE824 8B4G42C43 Cgt14AgtE8343 5Agtlt424lt14A Cgt 424lt14A gtC0 2gt=CA02C 544 0ltgtD=CB Cgt amp 0=3 C74 B42gt=3CA0=274 0ltgtD=C8=6 Cgt F0B 38B1DAB43 8= 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=8E 0=3 DAgt40= 0= 5gtA 42gt=BCAD2C8gt= 0=3 4E4gtlt4=C 70E4 B86=43 0 2gt=CA02CA40C43 Cgt 4BC018B78=6 0 6A44= 6AgtFC7 0= 8= 0I07BC0= 78B B4AE824 8B 4G42C43 Cgt 14AgtE83435AgtltDHCgtA8gtC02gt=CA02C5440ltgtD=CBCgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(9(18(21718($50$5()816amp21718(EgtAC78gt80(4AD7080=30=3gtA30=B86=4302gt=CA02CF8C7C74434A08=8BC4A5gtAC74=E8Agt=lt4=C0=3amp0CDA4gt=B4AE0C8gt=0=3ampD240A+054CHgt20C438=4Alt0=HA460A38=6C7434E4gtlt4=Cgt5=0C8gt=06A44=34E4gtlt4=C0=B742gtAA4Bgt=38=62gt=CA02CD0 B4AE824B0A44G42C43 Cgt14AgtE8343 5AgtltD6DBC Cgt424lt14AgtC0 2gt=CA02C 5440ltgtD=CB Cgt-0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=E8 = B86=430 B4AE82406A44lt4=C A40C43 Cgt K22gtD=C014A0=CAA0=64lt4=C 5gtA8lt0C44B884=C2gt=gtltH+CA0C46HLF8C77440AClt4=C5gtA=C4A=0C8gt=04E4gtlt4=Cgt20C43 8= C74-=8C438=63gtlt78B B4AE824 8B 4G42C43 Cgt14AgtE8343 5Agtlt0=D0AH Cgt0A27 gtC0 2gt=CA02C 544 0ltgtD=CB Cgt ( 0=3 A42gt6=8I43 0BA4E4=D45AgtltC7440Alt0A435D=38=E88=14705gt5 C74amp4F8lt0C42gt=gtltHKampLAgt942CgtA34BgtDA24B =BC8CDC4 KLgt554A430BD106A44lt4=C14CF44=C740=3gt=2Cgt14ACgtBDgtAC C74amp4F8lt0C4 2gt=gtltH Agt942C 0B 8C C4BCB C74 gtB8C8E4 8lt02C gt5 gtF 20A1gt= 8=E4BClt4=C 74 CgtC00ltgtD=C gt5 C78B BD106A44lt4=C 8B 0=3 A42gt6=8I43 0B A4E4=D4 5AgtltC7440Alt0A435D=38=E888 8lt0C4 4E4gtlt4=C =gtF4364 amp4CFgtA 0=3 70B B86=43 0 B4AE824 06A44lt4=CA40C43CgtKBDgtAC5gtAC74A44=AgtFC74BC(A02C824=8C80C8E4O$LF78270ltgtD=CBCgt-5gtAC744A8gt3ampgtE4lt14ACgt41AD0AH0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=8G 74 DAgt40= 8lt0C4 gtD=30C8gt= 70B 0AgtE43 0 6A0=C Cgt 8= C74 0ltgtD=C gt5 - BD1942C Cgt C74 C4AltB 0=3 2gt=38C8gt=B gt5 C74 6A0=C 06A44lt4=C 5Agtlt0=D0AH Cgt0H0=3A42gt6=8I430BA4E4=D45AgtltC7440Alt0A435D=38=

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

(6($5amp+$13(5$713(16(6

4C08Bgt5 A4B40A270=3gt4A0C8=64G4=B4B5gtA C74H40A4=343424lt14A0=3 5gtA C744A8gt35Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A40B5gtgtFB

+00A84B0=3F064B $ gtF0=24B7gtlt443D20C8gt=A4gt20C8gt=0=3gtC74AB 450A4B DCBgtDA28=62gtBC A0E44G4=B4 4=C04G4=B4B A0=BgtAC0C8gt= gtltlt8BB8gt=B (Agt54BB8gt=0544B 4A4280C8gt= ltgtAC8I0C8gt= A08=8=64G4=B4B gtltltD=820C8gt=4G4=B4B 408AB0=3lt08=C4=0=244G4=B4B (D1820C8gt=4G4=B4B gt=54A4=244G4=B4B ltgtH4414=458CB C74AB

$

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

1$1amp(1amp20($11$1amp(2676

0 4C08B gt5 58=0=24 8=2gtlt4 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

=C4A4BC8=2gtlt4 $ 08=gt=5gtA486=2DAA4=2HCA0=B02C8gt=B 08=gt=5gtA486=2DAA4=2HCA0=B0C8gt=B

1 4C08B gt5 58=0=24 2gtBCB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt

2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

$gtBBgt=5gtA486=2DAA4=2HCA0=B02C8gt=B $gtBBgt=5gtA486=2DAA4=2HCA0=B0C8gt=B

7+(5$16266

4C08B gt5 gtC74A 608=B gtBB 5gtA C74 H40A 4=343 424lt14A 0=3 5gtA C74 4A8gt3 5Agtlt2Cgt14A8=24C8gt=30C4C7AgtD67424lt14A0A4BDltlt0A8I430B5gtgtFB

7+(5$16 8B240=4gtDB8=2gtlt4

7+(5266 (A45D=3Cgt 8B240=4gtDB4G4=B4B

740ltgtD=C8BC74A45D=3Cgt10B43gt=C7406A44lt4=C14CF44=0=3CgtA45D=3C74A4lt08=8=6100=24gt52gt=CA81DC8gt=A4248E435AgtltC70C70B=gtC144=4G4=B433DA8=6C74H40A

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

gt10A44=AgtFC7=BC8CDC427(6727+(1$1amp$7$7(0(176257+(lt($5(1((amp(0(5$1)257+(3(52)520amp72(51amp(3721$7(

7+528+(amp(0(5

2035(+(169(amp486721

74 A867CB gt1860C8gt=B D=34AC08=6 4G8BC8=6 A468gt=0 gt55824B 0BB4CB 0=3 80188C84B gt5 gtA40= A60=8I0C8gt= 34EgtE43 Cgt =C4A=0C8gt=0 A60=8I0C8gt= F8C7gtDC 2gt=B834A0C8gt= 8=022gtA30=24 F8C7 M6A44lt4=C gt= C74 BC018B7lt4=C gt5 C74 gt10 A44= AgtFC7 =BC8CDC4N gt=424lt14A gtF4E4AgtA40=A60=8I0C8gt=8BA4D8A43CgtA4C08=10B82Agt4AC84BD=C8gtA40=A60=8I0C8gt= 8B38BBgtE43 8=022gtA30=24F8C7C74AC824Bgt5=2gtAgtA0C8gt=74A45gtA4C7410B82Agt4AC84B0ltgtD=C8=6Cgtlt88gt=F81434EgtE43Cgt=C4A=0C8gt=0A60=8I0C8gt=Dgt=gtA40=A60=8I0C8gt=LB38BBgtDC8gt=A0=B54AA430BB4CB0=380188C84BCgt=C4A=0C8gt=0A60=8I0C8gt=0C508AE0D40Bgt5424lt14A8B0B5gtgtFB

02817

66(76

DAA4=C0BB4CB $

ampgt=2DAA4=C0BB4CB $

$7(6

DAA4=C80188C84B $

ampgt=2DAA4=C80188C84B

$

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2

45

Member CountriesAustralia Cambodia Costa Rica Denmark

Republic of Korea Mexico Mongolia Norway Papua New Guinea Paraguay Philippines Qatar Rwanda United Arab Emirates United Kingdom Vietnam

Amazon Basin Aral Sea Brazil Cambodia China Ethiopia India Indonesia Jordan Kazakhstan Mekong River Basin Mongolia Morocco Peru Philippines Rwanda South Africa Thailand United Arab Emirates Vietnam

wwwgggiorg

• gggi_annualreport_pt1
• GGGI_financial_statments_2013 - B5
• gggi_annualreport_pt2