Conformed Copy - C1884 - Municipal and Housing Development Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 1884 SE (Municipal and Housing Development Project) between REPUBLIC OF SENEGAL and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated May 27, 1988 CREDIT NUMBER 1884 SE DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated May 27, 1988, between REPUBLIC OF SENEGAL (the Borrower) and 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) part of the Project will be carried out by Banque de l'Habitat du S