Conformed Copy - C3227 - Financial Markets Assistance Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3227-UG Development Credit Agreement (Financial Markets Assistance Project) between THE REPUBLIC OF UGANDA and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated July 6, 1999 CREDIT NUMBER 3227-UG DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated July 6, 1999, between THE REPUBLIC OF UGANDA (Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS 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; 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 Agreement; NOW THEREFORE the parties hereto hereby agree as follows: ARTICLE I General Conditions; Definitions Section 1.01. The