Conformed Copy - L4422 - LGU Urban Water and Sanitation Project - Loan Agreement

Page 1 CONFORMED COPY LOAN NUMBER 4422 PH Loan Agreement (LGU Urban Water and Sanitation Project) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and DEVELOPMENT BANK OF THE PHILIPPINES Dated January 29, 1999 LOAN NUMBER 4422 PH LOAN AGREEMENT AGREEMENT, dated January 29, 1999 between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank) and DEVELOPMENT BANK OF THE PHILIPPINES (the Borrower). WHEREAS (A) the Bank has received from Republic of the Philippines (the Guarantor) a letter dated September 28, 1998, describing a program designed to ensure access to sustainable water supply, sanitation and drainage services for the greater portion of the population in approximately two hundred fifty cities and municipalities outside Metro Manila in the Philippines (the Program, as hereinafter defined) and declaring the Guarantor