Conformed Copy - C2774 - Hydrology Project - Second Agreement Amending Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 2774 IN Second Agreement Amending Development Credit Agreement (Hydrology Project) between INDIA and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated September 20, 2001 CREDIT NUMBER 2774 IN (Amendment) SECOND AGREEMENT AMENDING DEVELOPMENT CREDIT AGREEMENT AGREEMENT dated September 20, 2001, between INDIA, acting by its President (the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association); Page 2 WHEREAS (A) by the Development Credit Agreement dated September 22, 1995, as amended to date (the Development Credit Agreement) between the Borrower and the Association, the Association agreed to make available to the Borrower an amount in various currencies equivalent to ninety million one hundred thousand Special Drawing Rights (SDR 90,100,000) (the Credit) to assist in financing the Project described in Schedule 2 to the Development Credit Agreement; (B) by the Project Agreement (the Project Agreement) dated September 22, 1995 between the Association and the States of Andhra Pradesh, Gujarat, Kerala, Madhya Pradesh, Maharashtra, Orissa and Tamil Nadu (the Project States), the Project States agreed to undertake certain obligations with respect to the carrying out of the Project; (C) the Borrower has advised the Association through Gazette Notice No. 36 dated August 25, 2000, of the enactment of the Madhya Pradesh Reorganization Act, creating the new State of Chhattisgarh (Chhattisgarh), formerly a part of Madhya Pradesh; and (D) the Borrower has requested the Association to amend the Development Credit Agreement to take into account the creation of Chhattisgarh, and its obligation to carry out part of the Project. NOW THEREFORE the parties hereto hereby agree to amend the Development Credit Agreement as follows: PREAMBLE (i) Paragraph B of the Preamble is amended to read: