Conformed Copy - C3549 - Municipal Development Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3549 MOZ Development Credit Agreement (Municipal Development Project) between REPUBLIC OF MOZAMBIQUE and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated August 15, 2001 Page 2 CREDIT NUMBER 3549 MOZ DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated August 15, 2001, 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) by an agreement dated April 2, 2001, between the Borrower and the Nordic Development Fund (the NDF Credit Agreement), the Nordic Development Fund has agreed to make a credit to the Borrower in a principal amount of SDR 4,000,000 (the NDF Credit) to assist in financing Part D of the Project on the terms and conditions set forth in the NDF Credit Agreement; 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