Conformed Copy - C2918 - Rural Municipalities Project - Supplemental Letter

Page 1 REPUBLIC OF NICARAGUA October 1, 1996 International Development Association 1818 H Street, N.W. Washington, D.C. 20433 United States of America Dear Sirs: Re: Credit No. 2918-NI - (Rural Municipalities Project) Development Credit Agreement: Section 3.03 (a): Monitoring Indicators We refer to the Development Credit Agreement of even dated herewith entered into by and between the Republic of Nicaragua (the Borrower) and the International Development Association (the Association). With reference to the provisions of the Development Credit Agreement, and in particular the Borrower's obligations under Section 3.03 (a) thereof, we wish to advise you that the indicators referred to therein are those set forth in the attachment to this letter which we understand are satisfactory to the Association. Very truly yours, REPUBLIC OF NICARAGUA By /s/ Authorized Representative CONFIRMED: INTERNATIONAL DEVELOPMENT ASSOCIATION By /s/ Authorized Representative Date: October 1, 1996