Conformed Copy - L4116 - Provincial Pension Reform Adjustment Loan - Supplemental Letter

Page 1 ARGENTINE REPUBLIC December 17, 1996 Mr. Gobind T. Nankani Acting Regional Vice President Latin America and the Caribbean Region International Bank for Reconstruction and Development 1818 H St., N.W. Washington, DC 20433 Re: Loan 4116-AR (Provincial Pension Reform Adjustment Loan) Conditionality Analysis Letter Dear Mr. Nankani: This letter, with its following Attachment, constitutes the Conditionality Analysis Letter defined in Section 1.02 (c) of the Loan Agreement of even date herewith between the Argentine Republic and International Bank for Reconstruction and Development for the above-mentioned Loan: Attachment: ANSES Administrative Performance Targets Sincerely yours, ARGENTINE REPUBLIC By: /s/ Amalio Humberto Petrei Authorized Representative CONFIRMED: INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT By: /s/ Constance Bernard Authorized Representative