Conformed Copy - C2538 - Petroleum Sector Reform Project - Agreement Providing for Amendment and Restatement of Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 2538 MAG Agreement Providing for Amendment and Restatement of Development Credit Agreement (Petroleum Sector Reform Project) between REPUBLIC OF MADAGASCAR and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated January 30, 1997 CREDIT NUMBER 2538 MAG DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated January 30, 1997, between REPUBLIC OF MADAGASCAR (hereinafter called the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (hereinafter called the Association). WHEREAS the Borrower and the Association have agreed to amend the Development Credit Agreement between the Borrower and the Association dated August 25, 1993, (hereinafter called the Development Credit Agreement) in the manner hereinafter set forth; and WHEREAS the Association and Soci