Conformed Copy - C1833 - Public Enterprise Sector Adjustment Credit - Amendment 1

Page 1 November 29, 1988 Royal Netherlands Embassy Economic Division 4200 Linnean Avenue, N.W. Washington, D.C. 20008 Attention Mrs. R.V.M. Jones-Bos Re: NIGER - Credit No. 1833 NIR (Public Enterprise Sector Adjustment) Dutch Grant Dear Mrs. Jones, The International Development Association (the "Association") was very pleased to receive your letters of October 24, 1988, and November 8, 1988, announcing the Netherlands' authorities decision to make a grant (the Grant), in an amount equivalent to four million five hundred thousand guilders to cofinance the Public Enterprise Sector Adjustment Credit (Credit No. 1833 NIR) in Niger. The 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. A letter of the formal amendment of 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. Pursuant to the Umbrella Agreement, it is agreed that the entire amount of the Grant will be transferred promptly to the T account of the International Development Association with De Nederlandsche Bank N.V. Upon receipt of the funds, the Association intends to enter into a development grant agreement with Republic of Niger as soon as possible. We look forward to our cooperation in this important project for Niger, and we thank you for your continued support for our cofinancing program. Very truly yours, Michael J. Gillette Director Sahelian Department Africa Region