Conformed Copy - C3288 - Railways and Ports Restructuring Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3288-MOZ Development Credit Agreement (Railways and Ports Restructuring Project) between REPUBLIC OF MOZAMBIQUE and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated October 28, 1999 CREDIT NUMBER 3288-MOZ DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated October 28, 1999, between REPUBLIC OF MOZAMBIQUE (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 Association has received a letter dated April 16, 1999, from the Borrower describing a program of actions, objectives and policies designed to strengthen its transport sector (the Program) and declaring the Borrower