Conformed Copy - C2274 - Economic Management Capacity Building Project - Amendment

Page 1 November 1, 1994 Mr. Jose Pedro de Morals Minister of Planning, and Economic Coordination Largo do Palacio Luanda, Republic of Angola Dear Sir, ANGOLA: Credit 2274 ANG Economic Management Capacity Building Project Amendment to Schedule 1 and Schedule 4 We refer to the Development Credit Aoreement dated July 26 1991 in respect of the Economic Nlanacement Capacity Buildina Project (the Acreement) entered into between the Republic of Angola (the Borrower) and the International Development Association (the Association). It is hereby acreed between the Borrower and the Association that: A. The table in paragraph I of Schedule I of the Ac,,reement is amended as follows: 1. In catecory (4) the words "of foreign expenditures" appearing after the figure "100%" are deleted. 2. In category (5)(a) the words "of foreign expenditures" appearing after the figure "100%" are deleted. 3. In catecory (5)(b) the words "and spare parts" are inserted after the word "vehicles" and the words "of foreign expenditures" appearing after the figure "100%" are deleted. 4. In category (5)(c) the words "of foreign expenditures" appearing after the figure "100%" are deleted. B. In subparagraph (c) of paragraph 1 of Schedule 4, the figure "$500,000" is deleted and replaced by the new figure of "$1,000,000". This change is made on the understanding that an actual amount of $750,000 shall be the deposit amount of the Special Account for the period from the date of this letter until May 1, 1995, and thereafter such amount shall be increased to the new larger amount of 1,000,000. This amendment shall take effect on the date of countersignature by the Borrower All other terms and conditions of the Aoreement remain in full force and effect. Kindly countersign the enclosed copy letter on behalf of the Borrower to signify your agreement to this amendment and return this to us. Yours Sincerely, INTERNATIONAL DEVELOPMENT AGEINCY Katherine Marshall Director Southern Africa Department Africa Region Page 2 Agreed: REPUBLIC OF ANGOLA Jose Pedro de Morais Minister of Planning and Economic Coordination Date: January 6, 1993