Conformed Copy - C2963 - Sustainable and Participatory Energy Management Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 2963-SE Development Credit Agreement (Sustainable and Participatory Energy Management Project) between REPUBLIC OF SENEGAL and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated August 27, 1997 CREDIT NUMBER 2963-SE DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated August 27, 1997, between REPUBLIC OF SENEGAL (the Borrower) and the INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association): WHEREAS (A) the Borrower, having satisfied itself as to the feasibility and priority of the Project described in Schedule 2 to this Agreement, has requested the Association to assist in the financing of the Project; (B) the Association has received a letter, dated January 30, 1997, from the Borrower describing a program of actions, objectives and policies designed to strengthen the Borrower