Conformed Copy - C3149 - Maharashtra Health Systems Development Project - Project Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3149 IN Project Agreement (Maharashtra Health Systems Development Project) between INTERNATIONAL DEVELOPMENT ASSOCIATION and STATE OF MAHARASHTRA Dated January 14, 1999 CREDIT NUMBER 3149 IN PROJECT AGREEMENT AGREEMENT, dated January 14, 1999, between INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association) and STATE OF MAHARASHTRA, acting by its Governor (Maharashtra). WHEREAS (A) the Association has received a letter dated October 17, 1998 from Maharashtra, describing a program of objectives, policies and actions to improve the primary and secondary levels of health care (the Maharashtra Health Sector Development Program) and declaring its commitment to carry out such Program; (B) by the agreement of even date herewith between India (the Borrower) and the Association (the Development Credit Agreement), the Association has agreed to make available to the Borrower an amount in various currencies equivalent to ninety-seven million nine hundred thousand Special Drawing Rights (SDR 97,900,000) on the terms and conditions set forth in the Development Credit Agreement, but only on condition that Maharashtra agree to undertake such obligations toward the Association as are set forth in this Agreement; and WHEREAS Maharashtra, in consideration of the Association