Conformed Copy - L4353 - Enterprise Institution Building Project - Amendment 2

Page 1 The World Bank 1818 H Street N.W. (202) 477-1234 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Washington, D.C. 20433 Cable Address: INTBAFRAD I NTERNATIONAL DEVELOPMENT ASSOCIATION U.S.A. Cable Address: INDEVAS CONFORMED COPY May 5, 2004 Mr. Mamarizo Nurmurodov Minister of Finance Ministry of Finance Tashkent Republic of Uzbekistan REPUBLIC OF UZBEKISTAN: Enterprise Institution Building Project (Loan No. 4353 UZ) Amendments to the Loan Agreement And to Supplemental Letter No. 2 re: Performance Monitoring Indicators Dear Mr. Minister: We refer to the Loan Agreement (Enterprise Institution Building Project) dated July 10, 1998, between the Republic of Uzbekistan (the Borrower) and the International Bank for Reconstruction and Development (the Bank), as amended, and to Supplemental Letter No. Re: Performance Monitoring Indicators (Supplemental Letter No. 2) of the same date. We also refer to your letter dated April 12, 2004, requesting certain amendments to the Loan Agreement and to Supplemental Letter No. 2. We hereby confirm the Bank