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Page 1 December 30, 1998 H.E. Fathallah Oualalou Minister of Economy and Finance Ministry of Economy and Finance Rabat Kingdom of Morocco Re: Morocco: Loan Number 3935-MOR Emergency Drought Recovery Project Amendment to Loan Agreement Excellency: We refer to the Loan Agreement dated August 30, 1995 entered into between the Kingdom of Morocco (the Borrower) and the International Bank for Reconstruction and Development (the