Conformed Copy - L7080 - LGU Urban Water and Sanitation Project - Phase II - Loan Agreement

Page 1 CONFORMED COPY LOAN NUMBER 7080 PH Loan Agreement (LGU Urban Water and Sanitation Project - Phase II) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and DEVELOPMENT BANK OF THE PHILIPPINES Dated November 19, 2001 LOAN NUMBER 7080 PH LOAN AGREEMENT AGREEMENT, dated November 19, 2001 between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank) and DEVELOPMENT BANK OF THE PHILIPPINES (the Borrower). WHEREAS (A) the Bank has received from Republic of the Philippines (the Guarantor) letters dated September 28, 1998, and August 15, 2001, describing a program designed to ensure access to sustainable water supply, sanitation and drainage services for the greater portion of the population in approximately two hundred fifty cities and municipalities outside Metro Manila in the Philippines (the Program, as hereinafter defined) and declaring the Guarantor