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Page 1 July 1, 1997 Mr. Roman Sphek Chairman, National Agency for Reconstruction and Development Bogdana Khmelnytskoho 19a Kyiv 252030 Ukraine Re: Japanese Grant for Public Sector Reform Project Grant No. TF029500 (Bank-Executed Portion) Grant No: TF029546 (Recipient-Executed Portion) Dear Mr. Shpek: I am writing on behalf of the International Bank for Reconstruction and Development (the Bank) to indicate the Bank