Conformed Copy - C3604 - Forest Conservation and Management Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3604 TA Development Credit Agreement (Forest Conservation and Management Project) between UNITED REPUBLIC OF TANZANIA and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated March 13, 2002 CREDIT NUMBER 3604 TA DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated March 13, 2002, between UNITED REPUBLIC OF TANZANIA (the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). Page 2 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, under its National Forest Policy of March 1998, and its National Forest Program of November 2001, clearly stated its commitment to develop alternative forest management and conservation regimes, financing mechanisms, as well as to establish nature reserves in areas of high biodiversity value and to integrate local institutions and communities in forest conservation and management; (C) 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 of the GEF, to provide additional assistance towards the financing of Part C of the Project, and that such assistance would be stipulated under the Global Environment Facility Trust Fund Grant Agreement (GEF Trust Fund Grant Agreement) to be concluded at a later date between the Borrower and the Bank; 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