Conformed Copy - C3239 - Road Maintenance and Rehabilitation Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3239-MAI Development Credit Agreement (Road Maintenance and Rehabilitation Project) between REPUBLIC OF MALAWI and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated June 30, 1999 CREDIT NUMBER 3239-MAI DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated June 30, 1999, between REPUBLIC OF MALAWI (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 May 10, 1999, from the Borrower describing a program of actions, objectives and policies for its roads sector (the Program) and declaring the Borrower