Conformed Copy - C1892 - Third Structural Adjustment Credit - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 1892 TO (Third Structural Adjustment Credit) between REPUBLIC OF TOGO and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated April 22, 1988 CREDIT NUMBER 1892 TO DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated April 22, 1988 between REPUBLIC OF TOGO (the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS (A) the Association has received a letter dated February 18, 1988 from the Borrower describing a program of actions, objectives and policies designed to achieve structural adjustment of the Borrower's economy (the Program), declaring the Borrower's commitment to the execution of the Program, and requesting assistance from the Association in the financing of urgently needed imports required during such execution; (B) pursuant to Section F of Resolution No. IDA 85-1, of May 21, 1985 (the Resolution) the Government of Japan (Japan) has agreed to provide Japanese funds in the form of grants (the SJF Grants) in support of programs of structural change, policy reform and institutional improvement in countries which are eligible for financing from the resources of the Special Facility for Sub- Saharan Africa (the African Facility); (C) by the notes exchanged between Japan and IDA on Novem- Page 2 ber 20, 1985, (the Notes) concerning the SJF Grant, Japan and IDA agreed that IDA will act as administrator (the Administrator) of the Japanese funds in accordance with the provisions of the Notes; (D) the Borrower has requested Japanese funds from the Administrator for the financing of part of the Program, in an amount equivalent to seven hundred and fifty million Japanese Yen (