Conformed Copy - L4195 - Second Social Protection Project - TRABAJAR - Supplemental Letter

Page 1 July 1997 Re: Loan No. 4195-AR (Second Social Protection Project - TRABAJAR) Monitoring Indicators Dear Sirs: Please refer to the Loan Agreement (Second Social Protection Project - TRABAJAR) of even date herewith between the Argentine Republic (the Borrower) and the International Bank for Reconstruction and Development (the Bank). Whenever used in this letter, the several terms defined in the Loan Agreement have the respective meanings therein set forth. With respect to Section 1.02 (d) of the Loan Agreement, please find in Annex A hereto the Monitoring Indicators. Please confirm your agreement with the above and with Annex A by signing this letter in the space provided below. Very truly yours, ARGENTINE REPUBLIC By _________________________ Authorized Representative AGREED: INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT By ____________________________ Regional Vice President Latin America and the Caribbean Region ANNEX A Argentina Second Social Protection Project - TRABAJAR Monitoring Indicators 1997 1997-98 1998-99 June-November June-May June-June No. of Workers Entering Program 80,000 250,000 -- % of Subprojects Completed 70 77 -- on Time Payments to Beneficiaries (US$m) 40 140 220