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Page 1 CONFORMED COPY CREDIT NUMBER 3069-SE Development Credit Agreement (Energy Sector Adjustment Credit) between REPUBLIC OF SENEGAL and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated October 29, 1998 CREDIT NUMBER 3069-SE DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated October 29, 1998, between REPUBLIC OF SENEGAL (the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS (A) the Association has received a letter, dated January 30, 1997, from the Borrower (the Letter of Policy) describing a program of actions, objectives and policies designed to improve the operations within the Borrower