Conformed Copy - L4131 - National Pension Administration Technical Assistance Project - Supplemental Letter

Page 1 ARGENTINE REPUBLIC April 17, 1997 Mr. Shahid Javed Burki Regional Vice President Latin America and the Caribbean Region International Bank for Reconstruction and Development 1818 H Street, N.W. Washington, D.C. 20433 U.S.A. Re: Loan 4131-AR (National Pension Administration Technical Assistance Project) - Implementation Letter Dear Mr. Burki: This letter, with its Attachment consisting of a timetable and targets, constitutes the Implementation Letter defined in Section 1.02 (b) of the Loan Agreement of even date herewith between the Argentine Republic and International Bank for Reconstruction and Development for the above-mentioned Loan. Sincerely yours, ARGENTINE REPUBLIC By: Roque Benjamin Fernandez Authorized Representative CONFIRMED: INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT By: Shahid Javed Burki Authorized Representative