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Page 1 CONFORMED COPY CREDIT NUMBER 3411-UG Development Credit Agreement (Privatization and Utility Sector Reform Project) between THE REPUBLIC OF UGANDA and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated December 18, 2000 CREDIT NUMBER 3411-UG DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated December 18, 2000, between THE REPUBLIC OF UGANDA (the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS (A) the Association has received a letter dated April 18, 2000, (the Policy Letter) from the Borrower describing a program of actions, objectives and policies designed to promote private sector development in its territory through a privatization and utilities reform program (the Program) and declaring the Borrower