Conformed Copy - C2876 - Second District Promary Education Project - Agreement Amending Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 2876 IN (Amendment) Agreement Amending Development Credit Agreement (Second District Primary Education Project) between INDIA and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated May 12, 2003 Page 2 2 Page 3 CREDIT NUMBER 2876 IN (Amendment) AGREEMENT AMENDING DEVELOPMENT CREDIT AGREEMENT AGREEMENT dated May 12, 2003, between INDIA, acting by its President (the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association); WHEREAS (A) by the Development Credit Agreement dated July 15, 1996, between the Borrower and the Association, as amended to date (the Development Credit Agreement), the Association agreed to make available to the Borrower an amount in various currencies equivalent to two hundred ninety one million seven hundred thousand Special Drawing Rights (SDR 291,700,000) (the Credit) to assist in financing the Project described in Schedule 2 to the Development Credit Agreement; (B) by the Project Agreement dated July 15, 1996 between the Association and the States of Assam, Gujarat, Haryana, Himachal Pradesh, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Orissa, Tamil Nadu and Uttar Pradesh, as amended to date (the Project Agreement), 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, 2000 creating the new State of Chhattisgarh (Chhattisgarh), formerly a part of the State of Madhya Pradesh; (D) the Borrower has requested the Association to amend the Development Credit Agreement to take into account the creation of the State of Chhattisgarh and the obligation of the State of Chhattisgarh to carry out part of the Project. NOW THEREFORE the parties hereto hereby agree to amend the Development Credit Agreement as follows: Page 4 -2- A. Preamble Recital C is amended to read as follows: