Conformed Copy - C3366 - Coastal and Marine Biodiversity Management Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3366-MOZ Development Credit Agreement (Coastal and Marine Biodiversity Management Project) between REPUBLIC OF MOZAMBIQUE and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated August 1, 2000 CREDIT NUMBER 3366-MOZ DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated August 1, 2000, 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 Borrower has also requested the International Bank for Reconstruction and Development (the Bank), acting as an implementing agency of the Global Environment Facility (GEF) in respect of grant funds provided to the Global Environment Facility Trust Fund (GEF Trust Fund) by certain members of the Bank as participants to the GEF, to provide additional assistance towards the financing of part of the Project, and by the Global Environment Facility Trust Fund Grant Agreement (GEF Trust Fund Grant Agreement) of even date herewith, the Bank is agreeing to provide such assistance in an aggregate principal amount equivalent to SDR 3,100,000; and WHEREAS the Association has agreed, on the basis, inter alia, of Page 2 the foregoing, to extend the Credit to the Borrower upon the terms and conditions set forth in this Agreement; NOW THEREFORE the parties hereto hereby agree as follows: ARTICLE I General Conditions; Definitions Section 1.01. The