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Page 1 CONFORMED COPY LOAN NUMBER 7199-AR Loan Agreement (Provincial Maternal-Child Health Sector Adjustment Loan) between the ARGENTINE REPUBLIC and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated October 31, 2003 Page 2 LOAN NUMBER 7199-AR LOAN AGREEMENT AGREEMENT, dated October 31, 2003, between the ARGENTINE REPUBLIC (the Borrower) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank). WHEREAS (A) the Bank has received from the Borrower a letter, dated September 5, 2003, describing a program of actions, objectives and policies designed to achieve adjustment of the Borrower