Conformed Copy - C1891 - Agricultural Export Rehabilitation Project - Amendment 1

Page 1 September 1, 1993 The Managing Director Cooperative and Rural Development Bank P.0. Box 268 Dar es Salaam TANZANIA Dear Sir: Re: Cr. No. 1891-TA (Agricultural Export Rehabilitation Project) Amendments to Project Agreement We refer to the Project Agreement dated August 16, 1988 between the International Development Association (the Association) and the Cooperative and Rural Development Bank (CRDB) as amended to date, and to the letter dated June 6, 1993 from the Ministry of Finance requesting amendments to the above-mentioned Project Agreement to raise sub-loan amount, free limit and aggregate loan amount to individual borrowers. This letter is to inform you of our agreement to this request and to propose the following amendments to Schedule 1 to the Project Agreement. 1. The figure for maximum sub-loan limit in Paragraph 3(a) is amended to read "$1,500,000." 2. The figure in Paragraph 3(b)(i) (the free limit for sub-loans) is amended to read "$750,000." and 3. The figure in Paragraph 3(b)(ii) (the aggregate sub-loan amount of any one sub-borrower) is amended to read "$3,000,000." All other provisions of the Project Agreement as amended herein shall remain in full force and effect. The above-mentioned amendments shall become effective as of the date of countersignature by your authorized representative. Kindly countersign, date and return to us the enclosed copy of this letter. Sincerely yours, Francis X. Colago Director Eastern Africa Department CONFIRMED COOPERATIVE AND RURAL DEVELOPMENT BANK By Authorized Representative Date 29th September 1993 cc: Ministry of Finance Dar es Salaam, Tanzania