Conformed Copy - L4069 - Economic Competitiveness Adjustment Loan - Supplemental Letter

Page 1 REPUBLIC OF TUNISIA August 2, 1996 International Bank for Reconstruction and Development 1818 H Street, N.W. Washington, DC 20433 United States of America Re: Loan No. 4069 TUN (Economic Competitiveness Adjustment Loan) Macroeconomic Indicators Paragraph 1 of Schedule 3 to the Loan Agreement Dear Sirs: We refer to the macroeconomic indicators to be used pursuant to paragraph 1 of Schedule 3 to the Loan Agreement of even date herewith between the Republic of Tunisia (the Borrower) and the International Bank for Reconstruction and Development (the Bank), to assess the continued maintenance of a satisfactory framework under the Loan. We hereby confirm that said macroeconomic indicators shall consist of the indicators set forth in the Attachment to this Letter. Very truly yours, REPUBLIC OF TUNISIA By /s/ Azouz Ennifar Authorized Representative AGREED AND CONFIRMED: INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT By John Underwood Acting Regional Vice President Middle East and North Africa