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Page 1 CONFORMED COPY LOAN NUMBER 4300 PH Loan Agreement (SZOPAD Social Fund Project) between REPUBLIC OF THE PHILIPPINES and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated April 8, 1998 LOAN NUMBER 4300 PH LOAN AGREEMENT AGREEMENT, dated April 8, 1998, between REPUBLIC OF THE PHILIPPINES (the Borrower) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank). 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 Bank to assist in the financing of the Project; (B) the Project will be carried out by the SZOPAD Social Fund (the Fund) with the Borrower