Conformed Copy - L7011 - Financial Sector Infrastructure Project - Loan Agreement

Page 1 CONFORMED COPY LOAN NUMBER 7011-MAS Loan Agreement (Financial Sector Infrastructure Project) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and BANK OF MAURITIUS Dated June 26, 2000 LOAN NUMBER 7011-MAS LOAN AGREEMENT AGREEMENT, dated June 26, 2000, between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank) and BANK OF MAURITIUS. WHEREAS (A) The Republic of Mauritius (the Guarantor) and the Borrower, having satisfied themselves as to the feasibility and priority of the project described in Schedule 2 to this Agreement (the Project), have requested the Bank to assist in the financing of the Project; (B) by an agreement of even date herewith between the Guarantor and the Bank (the Guarantee Agreement), the Guarantor has agreed to guarantee the obligations of the Borrower in respect of the Loan provided for in Article II of this Agreement (the Loan) and to undertake such other obligations as set forth in the Guarantee Agreement; and WHEREAS the Bank has agreed on the basis, inter alia, of the foregoing, to extend the Loan to the Borrower upon the terms and Page 2 conditions set forth in this Agreement; NOW THEREFORE the parties hereto hereby agree as follows: ARTICLE I General Conditions; Definitions Section 1.01. The