Conformed Copy - C3246 - National Functional Literacy Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3246 GH Development Credit Agreement (National Functional Literacy Project) between REPUBLIC OF GHANA and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated December 13, 1999 CREDIT NUMBER 3246 GH DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated December 13, 1999, between REPUBLIC OF GHANA (the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS 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; and WHEREAS the Association has agreed, on the basis, inter alia, of 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 "General Conditions Applicable to Development Credit Agreements" of the Association, dated January 1, 1985 (as amended through December