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Page 1 October 11, 2001 Honorable Jose Isidro Camacho Secretary Department of Finance Department of Finance Building Roxas Blvd Manila, Republic of the Philippines Re: Japanese Grant for the Preparation of the Second Special Zone of Peace and Development (SZOPAD) Social Fund Project Grant TF026887 (Bank-executed) Dear Sir: I am writing on behalf of the International Bank for Reconstruction and Development (the Bank) to indicate the Bank