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Page 1 CONFORMED COPY CREDIT NUMBER 3053 IN Project Agreement (Kerala Forestry Project) between INTERNATIONAL DEVELOPMENT ASSOCIATION and STATE OF KERALA Dated August 13, 1998 CREDIT NUMBER 3053 IN PROJECT AGREEMENT AGREEMENT, dated August 13, 1998, between the INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association) and the STATE OF KERALA (Kerala), acting by its Governor. WHEREAS (A) The Association has received a letter dated January 7, 1998, from the State of Kerala describing sector reforms that constitute the framework for improving the forestry sector in Kerala, including policy, institutional and administrative reforms (hereinafter called the Policy Reform Program), and declaring Kerala