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Page 1 CONFORMED COPY LOAN NUMBER 4347-MA Loan Agreement (Economic Recovery and Social Sector Loan) between MALAYSIA and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated June 18, 1998 LOAN NUMBER 4347-MA LOAN AGREEMENT AGREEMENT, dated June 18, 1998, between MALAYSIA (the Borrower) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank): WHEREAS (A) the Bank has received a letter dated May 30, 1998 from the Borrower describing a program of actions, objectives and policies designed to strengthen the Borrower