Conformed Copy - C3364 - Transport Sector Reform and Rehabilitation Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3364-MAG Development Credit Agreement (Transport Sector Reform and Rehabilitation Project) between REPUBLIC OF MADAGASCAR and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated June 19, 2000 CREDIT No. 3364-MAG DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated June 19, 2000, between REPUBLIC OF MADAGASCAR (the Borrower) and 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 a letter of transport sector policy and a road sector strategy letter, both dated April 6, 2000, from the Borrower, describing therein a program of actions, objectives, and policies (the Program) designed to redefine and strengthen its aviation, port, maritime, railway and road sector transport with a view to (i) promoting more efficient and reliable transport services; and (ii) facilitating economic development and declaring therein the Borrower