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Page 1 CONFORMED COPY LOAN NUMBER 4607-MOR Loan Agreement IRRIGATION BASED COMMUNITY DEVELOPMENT PROJECT between KINGDOM OF MOROCCO and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated April 12, 2002 LOAN NUMBER 4607-MOR LOAN AGREEMENT AGREEMENT, dated April 12, 2002, between the KINGDOM OF MOROCCO (the Page 2 Borrower) and the INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank). WHEREAS (A) the Bank has received a letter dated April 18, 2001 from the Borrower describing a program of objectives, policies and actions (the Program) designed to promote integrated rural development centered on small and medium irrigation, and declaring the Borrower