Conformed Copy - C3122 - Structural Adjustment Credit - Swiss Grant Agreement

Page 1 CONFORMED COPY TF022451 SWISS GRANT RELATED TO CREDIT NUMBER 31220-TJ Swiss Grant Agreement (Structural Adjustment Credit) between REPUBLIC OF TAJIKISTAN and INTERNATIONAL DEVELOPMENT ASSOCIATION as Administrator of Grant Funds provided by the Government of the Swiss Confederation Dated June 21, 1999 TF022451 SWISS GRANT RELATED TO CREDIT NUMBER 31220-TJ SWISS GRANT AGREEMENT AGREEMENT, dated June 21, 1999, between REPUBLIC OF TAJIKISTAN (the Recipient) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association) acting as Administrator of grant funds provided by the GOVERNMENT OF THE SWISS CONFEDERATION (Switzerland). WHEREAS (A) pursuant to a Development Credit Agreement (Structural Adjustment Credit), dated July 31, 1998, between the Recipient and the Association (the IDA Credit Agreement), the Association has agreed to extend to the Recipient a credit in an amount in various currencies equivalent to thirty seven million one hundred thousand Special Drawing Rights (SDR 37,100,000) to support the Recipient in the execution of the Program, as defined in the IDA Credit Agreement; and (B) pursuant to an arrangement dated December 22, 1998, as amended, between Switzerland and International Bank for Reconstruction and Development (the Bank) and the Association, Switzerland has requested the Bank and the Association, and the Bank and the Association have agreed, to administer grant funds (the Grant) to be made available by Switzerland for the support of the Recipient in the execution of the Program, in accordance with the provisions of such arrangement; NOW THEREFORE the parties hereto hereby agree as follows: ARTICLE I Page 2 General Conditions; Definitions Section 1.01. (a) The following provisions of the General Conditions Applicable to Development Credit Agreements of the Association dated January 1, 1985, as amended through December 2, 1997, with the modifications set forth in paragraph (b) of this Section (the General Conditions) constitute an integral part of this Agreement: (i) Article I; (ii) Sections 2.01 (1), (2), (3), (4), (5), (7), (8), (9), (12) and (13), 2.02 and 2.03; (iii) Sections 4.01 and 4.05; (iv) Article V; (v) Sections 6.01, 6.02 (a), (b), (c), (d), (e), (g), (h), and (1) 6.03, 6.04 and 6.06; (vi) Section 8.01 (b); (vii) Sections 9.01, 9.03, 9.04, 9.05, 9.06, 9.07 and 9.08; (viii) Article X; and (ix) Article XI. (b) The General Conditions shall be modified as follows: (i) the term