Conformed Copy - C3241 - Pension Reform Project - Supplemental Letter 2

Page 1 June 15, 2000 Minister of Finance Ministry of Finance Sanlihe Beijing 100820 People’s Republic of China Re: Credit No. 3241 CHA (Pension Reform Project) Participating Countries Dear Mr. Minister: We refer to the Development Credit Agreement (Development Credit Agreement) of even date herewith between People’s Republic of China (the Borrower) and International Development Association (IDA). Pursuant to Resolution No. IDA 183 of the Board of Governors of IDA, we wish to inform you that for purposes of the Project the following members of the Association are not Participating Countries within the meaning of Section 2.01(12) of the General Conditions referred to in Section 1.01 of the Development Credit Agreement: Bahamas, Bahrain, Barbados, Brunei Darussalam, Cyprus, Kuwait, Qatar, Singapore, United Arab Emirates. Sincerely yours, INTERNATIONAL DEVELOPMENT ASSOCIATION By /s/ Yukon Huang Authorized Representative