Conformed Copy - C1833 - Public Enterprise Sector Adjustment Credit - Amendment 3

Page 1 February 24, 1989 Royal Netherlands Embassy Economic Division 4200 Linnean Avenue, N.W. Washington D.C. 20008 Attention Mrs. R.V.M. Jones-Bos Re: REPUBLIC OF NIGER - Credit No. 1833 NIR (Public Enterprise Sector Adjustment Credit) Dutch Grant Dear Mrs. Jones, Further to our letter to you dated November 29, 1988 on the above subject, we acknowledge with great pleasure your letter dated January 25, 1989, in which you announce an increase in the Grant to be made available by the Netherlands for the above project, from four million five hundred thousand guilders to ten million guilders. The increased grant will be administered by the Association in accordance with the "Arrangements for the Administration of certain funds to be made available by the Minister for Development Cooperation of the Netherlands", dated December 11, 1986 (the umbrella Agreement"). Accordingly, it is agreed that the Schedule to the Umbrella Agreement will be amended by adding the Public Enterprise Sector Adjustment Credit to the list of jointly cofinanced projects, showing the grant amount as 10 million guilders. A letter of the formal amendment of the said Schedule, addressed to the Minister for Development Cooperation of the Netherlands and duly signed by the Association, is attached for forwarding to the Minister. The entire amount of the Grant has already been deposited in the T account of the International Development Association with De Nederlandsche Bank N.V., as specified in the Umbrella Agreement. The Association intends to enter into a grant agreement with the Republic of Niger shortly. Very truly yours, Michael J. Gillette Director Sahelian Department Africa Region