Conformed Copy - C2082 - Small and Medium Enterprise Development Project - Development Credit Agreement

OFFICiA'L -DOCUmlN: CREDIT NUMBER 2082 MOZ Development CreditAgreementi (Small and Medium Enterprise Development Project7;., between PEOPLE'S REPUBLIC OF MOZAMBIQUE and INTERNATIONAL DEVELOPMENT ASSOCIATION -r - Dated 19 L.  CREDIT NUMBER 2082 MOZ DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated 1990, between PEOPLE'S REPUBLIC OF MOZAMBIQUE (the orrbwer) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS (A) the Borrower, having satisfied itself as to the feasibility and priority of the Froject.'described ir. Schedule 2 to this Agreement, has requested the Association to assist in the financing of the Project; (B) the Borrower intends to contract from the European Investment Bank (EIB) a loan (the EIB Loan) in an amount equivalent to six million ECU (ECU 6,000,000) to assist in financing Parts A and B.4 of the Prolect on._ terms and conditions set forth in an agreementv(CtieW'EIB Loaan Agreemetl- t -, be entered into between the Borrower and EIB; (C) the Project will be carried out by Banco de MocambiQue (BM) with the Borrower's assistance, and as part of such assistance, the Borrower will make available to Banco de Mocambigue the proceeds of the Credit as provided in this Agreement; 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 and in the Project Agreement of even date herewith between the Association and Banco de Mocambique; NOW THEREFORE the parties hereto hereby agree as follows: ARTICLE I General Conditions; Definitions Section 1.01. The "General Conditioxis Applicable to Develop- ment Credit Agreements' of the Associatiog, dated January 1, 1985, with the last sentence of Section 3.O2 deleted (the General Conditions) c-astitute an integral part o