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Page 1 Conformed Copy December 3, 2001 H. E. Jose Isidro Camacho Secretary Department of Finance Department of Finance Building Roxas Blvd. Manila, Republic of the Philippines Re: Grant for Preparation of a Rural Power Project GEF - PPG_TF 050529 Excellency: I am writing on behalf of the International Bank for Reconstruction and Development (the Bank) acting as an Implementing Agency of the GEF to indicate the Bank