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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 April 30, 2003 Dr. Bhanu Prasad Acharya Secretary, Ministry of Finance His Majesty's Government of Nepal Kathmandu, Nepal Re: DFID Grant for Nepal Financial Sector Technical Assistance Project (TF No. TF050593) Dear Dr. Acharya: I am writing on behalf of the International Development Association (the Association) to indicate the Association