Conformed Copy - L3405 - Sahara Regional Development Project - Amendment

Page 1 August 2, 1993 His Excellency M. Belaid Abdesselam Prime Minister and Minister of Economy 32 Avenue Souidani Boudjemaa El-Mouradia Democratic and Popular Republic of Algiers Re: Loan No. 3405 AL (Sahara Regional Development Project) Amendment to the Loan Agreement Your Excellency: We refer to the Loan Agreement (Sahara Regional Development Project) between the Democratic and Popular Republic of Algeria (the Borrower) and the International Bank for Reconstruction and Development (the Bank), dated November 6, 1992. We also refer to the request of the Borrower to amend the Loan Agreement so as to permit the proper implementation of certain covenants, postponed as a consequence of the delay to declare the Loan effective, contained in a telex from Mr. A. Bouakane, Director of Cabinet, Ministry of Agriculture, dated May 12, 1993. We are pleased to inform you that the Bank, after due consideration, has agreed to the above request. Accordingly, the Loan Agreement is hereby amended to read as follows: 1. In Section 4.03 (b) (ii), the date December 31, 1992, is changed to the date March 31, 1994. 2. In Schedule 6 (Implementation Program), paragraph 1, the date June 30, 1993, is changed to the date February 28, 1994. All the terms and conditions of the Loan Agreement, as amended hereby, shall remain in full force and effect. Please confirm your agreement with the foregoing amendment by signing and dating the confirmation on the enclosed copy of this letter and returning it to us. Very truly yours, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Mahmood A. Ayub Acting Director Country Department I Middle East and North Africa Region CONFIRMED: DEMOCRATIC AND POPULAR REPUBLIC OF ALGERIA By: A. Benbitour Authorized Representative Date: 15 Aout 1993 Page 2