Conformed Copy - C2470 - Second Integrated Child Development Services Project - Agreement Amending Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 2470 IN (Amendment) Agreement Amending Development Credit Agreement (Second Integrated Child Development Services Project) between INDIA and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated September 29, 2000 CREDIT NUMBER 2470 IN (Amendment) AGREEMENT AMENDING DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated September 29, 2000, between INDIA, acting by its President (the Borrower) and the INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS (A) by the Development Credit Agreement dated March 23, 1993 (the Development Credit Agreement) between the Borrower and the Association, the Association has agreed to make available to the Borrower an amount in various currencies equivalent to one hundred forty-one million six hundred thousand Special Drawing Rights (SDR 141,600,000) (the Credit) to assist in financing the Project described in Schedule 2 to the Development Credit Agreement; (B) by the Project Agreement dated March 23, 1993 (the Project Agreement) between the Association and the States of Bihar and Madhya Pradesh (the Project States), the Project States have agreed to undertake certain obligations in respect of the carrying out of the Project; (C) project cost savings have arisen under the Project due to, inter alia, foreign exchange rate changes; (D) the Borrower has requested the Association to agree to use these project cost savings under the Project to finance, inter alia, the costs of carrying out part of the ICDS (as defined in the Development Credit Agreement) activities currently included in the Andhra Pradesh Economic Restructuring Project (Cr. No. 3103-IN/Ln. No. 4360-IN) (APERP) financed by the Association and the International Bank for Page 2 Reconstruction and Development (the Bank) and carried out by the State of Andhra Pradesh (Andhra Pradesh), and the Association, after due consideration, has agreed to this request, but only on condition that (i) the Borrower agree to undertake certain additional obligations toward the Association and (ii) Andhra Pradesh agree to undertake certain obligations toward the Association; and WHEREAS the Borrower, in consideration of the Association