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Page 1 The World Bank 1818 H Street N.W. (202) 477-1234 I NTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Washington, D.C. 20433 Cable Address: INTBAFRAD INTERNATIONAL DEVELOPMENT ASSOCIATION U.S.A. Cable Address: INDEVAS CONFORMED COPY August 11, 2003 His Excellency Safaraly Nadjmiddinov Minister of Finance Dushanbe Republic of Tajikistan Republic of Tajikistan: Lake Sarez Risk Mitigation Project Amendment to Development Credit Agreement (Credit No. 3388) Your Excellency: In your letter dated August 6, 2003, the Association is requested to amend the Development Credit Agreement dated July 6, 2000, (Credit No. 3388 TJ) (hereinafter,