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Page 1 CONFORMED COPY LOAN NUMBER 7447 - NA Loan Agreement (First Development Policy Loan in Support of the First Education and Training Sector Improvement Program) between THE REPUBLIC OF NAMIBIA and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated October 1, 2007 Page 2 LOAN NUMBER 7447 - NA LOAN AGREEMENT Agreement dated October 1, 2007, entered into between THE REPUBLIC OF NAMIBIA (