Conformed Copy - C2994 - Health Sector Program Support Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 2994 GH Development Credit Agreement (Health Sector Program Support Project) between REPUBLIC OF GHANA and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated April 3, 1998 CREDIT NUMBER 2994 GH DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated April 3, 1998, between REPUBLIC OF GHANA (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 the following documents: (i) a Medium-Term Health Strategy Toward Vision 2020, dated September 1995; and (ii) the five-year Program of Works (POW), dated August 1996, from the Borrower, part of which describes a program of actions, objectives and policies designed to implement activities under the Borrower's Medium-Term Health Strategy for the Fiscal Years 1997 to 2001 (the two documents shall collectively be referred to as the Program) and declaring the Borrower's commitment to the execution of the Program; (C) the Borrower intends to obtain from various Donors (as hereinafter defined) grants and loans to assist in financing the Program; (D) the Borrower, the Association and the Donors intend to enter into a Memorandum of Understanding providing for common procedures on procurement, disbursement, cooperation and exchange of information; and WHEREAS the Association has agreed, on the basis, inter alia, of the foregoing, to extend the Credit to the Borrower upon the terms and conditions set forth in this Page 2 Agreement; NOW THEREFORE the parties hereto hereby agree as follows: ARTICLE I General Conditions; Definitions Section 1.01. The