Conformed Copy - C2625 - Cyclone Emergency Rehabilitation Project - Supplemental Letter 1

Page 1 REPUBLIC OF MADAGASCAR June 24, 1994 International Development Association 1818 H Street, N.W. Washington, D.C. 20433 United States of America Re: Credit No. 2625-MAG (Cyclone Emergency Rehabilitation Project) Development Credit Agreement (Schedule 4) Performance Indicators Dear Sirs: We are pleased to refer to Schedule 4 to the above mentioned Development Credit Agreement and, more particularly, to paragraph 1 (b) (i) thereof, and to confirm, on behalf of the Republic of Madagascar (the Borrower), that the performance indicators agreed upon between the Borrower and the Association for the purposes of the Program and the Project are as shown, respectively, in Annexes A and B to this letter. It is our understanding that, in making the above Credit, the Association may rely on the statements herein set forth or referred to. Very truly yours, Republic of Madagascar By Pierrot Rajaonarivelo Authorized Representative