Conformed Copy - C3365 - Forest Concession Management and Control Pilot Project - Supplemental Letter 1

Page 1 KINGDOM OF CAMBODIA July 6, 2000 International Development Association 1818 H Street, N.W. Washington D.C. 20433 United States of America Re: Credit No.3365 KH (Forest Concession Management and Control Pilot Project) Representations on Project Counterpart Funding Dear Sirs: We are pleased to refer to the Development Credit Agreement of even date herewith between Kingdom of Cambodia and International Development Association for the above-mentioned Project. Without any restriction or limitation upon Section 3.01 of the Development Credit Agreement, or any of the other provisions of the Development Credit Agreement, the Borrower hereby undertakes and warrants to the Association that, in respect of each of the fiscal years included in the implementation period of the Project, it shall make available, from its own national budgetary resources, counterpart funds as follows, or in such other amounts as may be agreed from time to time with the Association: (a) Fiscal Year 2000: US$ 100,000 equivalent; (b) Fiscal Year 2001: US$ 200,000 equivalent; (c) Fiscal Year 2002: US$ 2,100,000 equivalent; (d) Fiscal Year 2003: US$ 100,000 equivalent; It is our understanding that, in making the Credit to the Borrower, and entering into the Development Credit Agreement, the Association may rely on the representations contained herein. Very truly yours, KINGDOM OF CAMBODIA By /s/ Roland Eng Authorized Representative