Auditor's Opinion:

We have audited project financial statements of Nile Cooperation for Climate Resilience Project - CIWA Grant No. P172848 set out on pages 21 to 28 which comprise the Statement of Fund Balance as at 31 December 2022, Statement of Income and Expenditure for the year then ended and a summary of significant accounting policies.

In our opinion, the accompanying project financial statements present fairly in all material respects the financial position of Nile Cooperation for Climate Resilience Project as of 31 December 2022, and financial performance for the year then ended in accordance with the basis of accounting policies described in Note 10 (a) to the accompanying project Financial Statements and comply in all material respects with the provisions governing the Agreement between The Nile Basin Discourse and World Bank for the year ended 31 December 2022.