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Page 1 CONFORMED COPY CREDIT NUMBER 3180 MAG Development Credit Agreement (Third Social Fund Project) between REPUBLIC OF MADAGASCAR and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated April 6, 1999 CREDIT NUMBER 3180 MAG DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated April 6, 1999, between REPUBLIC OF MADAGASCAR (the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS: (A) the Association has received from the Borrower a letter, dated January 28, 1999, confirming the undertakings made by the Borrower in its letter of sector policy related to poverty alleviation, dated July 28, 1995, describing a program of actions, objectives and policies designed to bring about a reduction of poverty in the Borrower