Conformed Copy - C1910 - Development Management Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 1910 SE (Development Management Project) between REPUBLIC OF SENEGAL and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated June 9, 1988 CREDIT NUMBER 1910 SE DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated June 9, 1988, between the REPUBLIC OF SENEGAL (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 International Bank for Reconstruction and Development (the Bank) and the United Nations Development Programme (UNDP) have entered into an agreement (the SDA Project Document; RAF/86/037/A/01/42), dated November 12, 1987, making arrangements for the Bank to act as executing agency for an "Assessment of Social Dimensions of Structural Adjustment in Sub-Saharan Africa" to be co-financed by the Bank, UNDP, the African Development Bank and other donors (the SDA Program); Page 2 (C) the Borrower has indicated its interest in, and adherence to, the SDA Project Document by a letter dated March 14, 1988 addressed to the UNDP Resident Representative in the Republic of Senegal, thereby becoming a party to the SDA Project Document as fully as if it had signed said document directly; (D) the Borrower intends to obtain from the Canadian International Development Agency (CIDA) a contribution (the CIDA Contribution) in an amount equivalent to 2.0 million dollars to assist in financing Part C of the Project; and WHEREAS the Association has agreed, on the basis inter alia of the foregoing, to extend the Credit to the Borrower upon the terms and conditions set forth in this Agreement; NOW THEREFORE the parties hereto hereby agree as follows: ARTICLE I General Conditions; Definitions Section 1.O1. The "General Conditions Applicable to Develop- ment Credit Agreements" of the Association, dated January 1, 1985, with the last sentence of Section 3.02 deleted (the General Condi- tions) constitute an integral part of this Agreement. Section 1.O2. Unless the context otherwise requires, the several terms defined in the General Conditions and in the Preamble to this Agreement have the respective meanings therein set forth: (a) "Interministerial Council" means the Borrower's inter- ministerial council for coordination and monitoring of its adjustment program, established pursuant to decree No. 85-057 of January 15, 1985, or any other interministerial council entrusted with the responsibility for coordination and monitoring of the Project; (b) "CFAF" means the currency of the Borrower; (c) "Contractual staff" means staff hired by the Borrower pursuant to the Borrower's own regulations under fixed-term contracts of not less than one and not more than five years; (d) "DFP" means MFPT's Direction de la Fonction Publique, the Borrower's civil service department; (e) "FY" and "fiscal year" mean the Borrower's fiscal year, starting on July 1 and ending on June 30; (f) "MEF" means Minist