Conformed Copy - C3130 - Privatization and Regulatory Reform Technical Assistance Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3130-NIR Development Credit Agreement (Privatization and Regulatory Reform Technical Assistance Project) between REPUBLIC OF NIGER and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated September 30, 1998 CREDIT NUMBER 3130 NIR DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated September 30, 1998, between the REPUBLIC OF NIGER (the Borrower) and the INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS (A) 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; (B) the Association has received from the Borrower a letter dated August 14, 1998, describing a program of objectives, principles, policies, and actions designed to improve the efficiency and economy of its public sector, including the privatization of selected public enterprises (the Program) and declaring the Borrower's commitment to the execution of the Program; 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 Page 2 General Conditions; Definitions Section 1.01. The "General Conditions Applicable to Development Credit Agreements" of the Association, dated January 1, 1985, as amended through Dec. 2, 1997, with the modifications set forth below, (the General Conditions) constitute an integral part of this Agreement: (a) A new paragraph (12) is added to Section 2.01 to read as set forth below, and the existing paragraphs (12) through (14) of said Section are accordingly renumbered as paragraphs (13) through (15):