Conformed Copy - C3293 - Road Maintenance and Development Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3293 NEP Development Credit Agreement (Road Maintenance and Development Project) between KINGDOM OF NEPAL and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated December 22, 1999 CREDIT NUMBER 3293 NEP DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated December 22, 1999, between KINGDOM OF NEPAL (the Borrower) and 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 (the Project), has requested the Association to assist in the financing of the Project; and (B) the Association has agreed, on the basis, inter alia, of the foregoing, to extend the credit provided for in Article II of this Agreement (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