Conformed Copy - C3061 - First Cadastre Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3061 MD Development Credit Agreement (First Cadastre Project) between REPUBLIC OF MOLDOVA and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated June 8, 1998 CREDIT NUMBER 3061 MD DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated June 8, 1998, between REPUBLIC OF MOLDOVA (the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS (A) the Borrower, having satisfied itself as to the feasibility and priority of the Project described in Schedule 2 to this Agreement, has requested the Association to assist in the financing of the Project; (B) the Borrower intends to contract from the Government of Switzerland a grant (the Swiss Grant) in an amount of three million seven hundred thousand Swiss Francs (CHF 3,700,000) to assist in financing the Project on the terms and conditions to be set forth in an agreement (the Swiss Grant Agreement) between the Borrower and the Government of Switzerland; (C) the Borrower intends to contract from the Government of Sweden a grant (the Swedish Grant) in an amount equivalent to one million six hundred thousand Dollars (US $1,600,000) to assist in financing the Project on the terms and conditions to be set forth in an agreement (the Swedish Grant Agreement) between the Borrower and the Government of Sweden; WHEREAS the Association has agreed, on the basis, inter alia, of the foregoing, to extend the Credit to the Borrower upon the terms and conditions set forth in this Page 2 Agreement; NOW THEREFORE the parties hereto hereby agree as follows; ARTICLE I General Conditions; Definitions Section 1.01. The