Conformed Copy - C2434 - Social Investment Fund Project - Supplemental Letter

Page 1 November 14, 1995 Dr. Emilio Pereira Alegria Ministro de Finanzas Ministerio de Finanzas Frente al Edificio de la Asamblea Nacional Managua, D.N., Nicaragua Re: Credit No. 2434-NI - Social Investment Fund Project Amendment Excellency, Please refer to the Development Credit Agreement entered into between the Republic of Nicaragua (the Borrower) and the International Development Association (the Association) dated January 21, 1993, as amended on September 14, 1994. 1. Pursuant to your request dated October 23, 1995, the Association hereby agrees to amend the table in paragraph 1, of Schedule 1 of the Development Credit Agreement as follows: a. Redesignating Category 5 (Unallocated) to Category 6 (Unallocated), and reducing the proceeds allocated to this Category from SDR 95,000 to SDR 30,000. b. Introducing a new Category 5 "SIF Works" with proceeds of SDR 55,000, to be financed as follows: 90% of expenditures. c. Introducing a new subcategory in Category 4 "Goods" to read "(c) for Part E of the Project," with proceeds of SDR 10,000. d. Extending the "June 30, 1995" date specified in category 1 to November 30, 1995. 2. The Association also agrees to amend Schedule 2 by adding a new component "Part E" to read as follows: "Part E. Rehabilitation of SIF's Offices. Rehabilitation and equipping of SIF's offices". Please indicate your agreement to these amendments by signing and dating the duplicate original of this letter enclosed herewith. Very truly yours, International Development Association By Edilberto Segura Country Director, Department II Latin America and the Caribbean Region Conformed: Republic of Nicaragua By Emilio Pereira Page 2 Authorized Representative Date: November 21, 1995