Conformed Copy - L2918 - Agricultural Sector Loan - Guarantee Agreement

Page 1 LOAN NUMBER 2918 ME Guarantee Agreement (Agricultural Sector Loan) between UNITED MEXICAN STATES INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated March 15, 1988 LOAN NUMBER 2918 ME GUARANTEE AGREEMENT AGREEMENT dated March 15, 1988, between UNITED MEXICAN STATES (the Guarantor) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank). WHEREAS (A) the Bank has received a letter dated February 25, 1988 (the Agricultural Sector Policy Letter), from the Guarantor describing a program of actions, objectives and policies designed to promote greater efficiency and higher productivity in the Guarantor's agricultural and agro-industrial sectors (hereinafter called the Program), declaring the Gua- rantor's commitment