Conformed Copy - C2690 - Institutional Development Project - Supplemental Letter

Page 1 REPUBLIC OF NICARAGUA March 17, 1995 International Development Association 1818 H Street, N.W. Washington, D.C. 20433 United States of America Re Credit No. 2690-NI (Institutional Development Project) Development Credit Agreement Section 3.01 (b) Dear Sirs: We refer to the Development Credit Agreement of even date herewith entered into by and between the Republic of Nicaragua (the Borrower) and the International Development Association (the Association). With reference to the provisions of the Development Credit Agreement, and in particular the Borrower's obligations under Section 3.01 (b) thereof, we wish to advise you that the Project implementation targets referred to therein are those set forth in the attachment to his letter which we understand are satisfactory to the Association. Very truly yours, REPUBLIC OF NICARAGUA By __________________________ (Authorized Representative) CONFIRMED INTERNATIONAL DEVELOPMENT ASSOCIATION By ____________________________ (Authorized Representative)