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Page 1 April 16, 1993 Dr. Miguel Urrutia General Manager Banco de la Republica Bogota, Colombia Dear Sir: Re: Loan No. 3025-CO Fifth Small and Medium Scale Enterprise Project Amendment This is in connection with the Loan Agreement for the above Project between International Bank for Reconstruction and Development (the Bank) and Banco de la Republica (the Borrower) dated September 25, 1989, as amended on January 14, 1991 (the Loan Agreement). As has been discussed previously, with regard to the above Project, we are writing to you as legal representative of the Borrower under the Loan Agreement to record the Bank's agreement to the deletion from the Project of Part B thereof