Conformed Copy - C3046 - Education Sector Development Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3046-MAG Development Credit Agreement (Education Sector Development Project) between REPUBLIC OF MADAGASCAR and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated April 9, 1998 CREDIT NUMBER 3046-MAG DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated April 9, 1998, between REPUBLIC OF MADAGASCAR (the Borrower) and the 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) the Association has received a letter, dated February 13, 1998, from the Borrower describing a program of actions, objectives and policies designed to promote and strengthen the Borrower