Conformed Copy - C3204 - Second Agricultural Research and Training Project - Project Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3204-UG Project Agreement (Second Agricultural Research and Training Project) between INTERNATIONAL DEVELOPMENT ASSOCIATION and NATIONAL AGRICULTURAL RESEARCH ORGANISATION Dated June 2, 1999 CREDIT NUMBER 3204-UG PROJECT AGREEMENT AGREEMENT, dated June 2, 1999, between INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association) and NATIONAL AGRICULTURAL RESEARCH ORGANIZATION (NARO). WHEREAS (A) by the Development Credit Agreement of even date herewith between the Republic of Uganda (the Borrower) and the Association, the Association has agreed to make available to the Borrower an amount in various currencies equivalent to nineteen million one hundred thousand Special Drawing Rights (SDR 19,100,000), on the terms and conditions set forth in the Development Credit Agreement, but only on condition that NARO agrees to undertake such obligations toward the Association as are set forth in this Agreement; (B) by a subsidiary agreement to be entered into between the Borrower and NARO, the proceeds of the credit provided for under the Development Credit Agreement will be made available to NARO on the terms and conditions set forth in the Subsidiary Agreement; and WHEREAS NARO, in consideration of the Association