Conformed Copy - L4143 - Rural Employment Project - Amendment 1

Page 1 February 17, 1999 His Excellency Mr. Abdelkrim Harchaoui Minister of Finance Ministry of Finance Immeuble Mauretania Algiers Democratic and Popular Republic of Algeria Algeria: Loan Number 4143-AL (Rural Employment Project) Amendment to Loan Agreement Your Excellency Abdelkrim Harchaoui: We refer to the Loan Agreement dated April 17, 1997 as amended ("Agreement") entered into between the International Bank for Reconstruction and Development (the "Bank") and the Democratic and Popular Republic of Algeria ("Algeria"), in respect of the Rural Employment Project ("Project"). We also refer to the project restructuring aide memoire, dated October 28, 1998, that was agreed upon at the occasion of the mid-term review of the Project, as well as to the Government