Conformed Copy - C3170 - Social Investment Fund Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3170 MD Development Credit Agreement (Social Investment Fund Project) between REPUBLIC OF MOLDOVA and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated March 17, 1999 CREDIT NUMBER 3170 MD DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated March 17, 1999, between REPUBLIC OF MOLDOVA (the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS (A) the Borrower, having satisfied itself as to the feasibility and priority of the Project described in Schedule 2 to this Agreement, has requested the Association to assist in the financing of the Project; (B) the Borrower intends to secure from the Swedish International Development and Cooperation Agency (SIDA) grant funding (the SIDA Grant or Grants) in an amount equivalent to U.S. Dollars one million two hundred and fifty thousand ($1,250,000) to assist in financing Parts A(2), B and C of the Project on the terms and conditions set forth in an agreement or agreements (the SIDA Grant Agreement or Agreements) to be entered into between the Borrower and SIDA; and WHEREAS the Association has agreed, on the basis, inter alia, of the foregoing, to extend the Credit to the Borrower upon the terms and conditions set forth in this Agreement; NOW THEREFORE the parties hereto hereby agree as follows: ARTICLE I General Conditions; Definitions Section 1.01. The