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Page 1 CONFORMED COPY CREDIT NUMBER 2988 MD Development Credit Agreement (Second Structural Adjustment Credit) between REPUBLIC OF MOLDOVA and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated October 3, 1997 CREDIT NUMBER 2988 MD DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated October 3, 1997, between REPUBLIC OF MOLDOVA (the Borrower) and the INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS (A) the Association has received a letter dated August 14, 1997, from the Borrower describing a program of actions, objectives and policies designed to achieve structural adjustment of the Borrower