Conformed Copy - C3014 - Second General Education Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3014 CE Development Credit Agreement (Second General Education Project) between DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated December 15, 1997 CREDIT NUMBER 3014 CE DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated December 15, 1997, between DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA (the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS (A) the Association has received a letter dated October 15, 1997, from the Borrower on the National Education System Reform Policy Initiatives, describing a program of actions, objectives and policies designed for the further development of its education sector; (B) the Borrower, having satisfied itself as to the feasibility and priority of the Project described in Schedule 2 to this Agreement, has requested the Association to assist in the financing of the Project; and WHEREAS the Association has agreed, on the basis, inter alia, of the foregoing, to extend the Credit to the Borrower upon the terms and conditions set forth in this Agreement; NOW THEREFORE the parties hereto hereby agree as follows: ARTICLE I General Conditions; Definitions Section 1.01. The