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Page 1 CONFORMED COPY CREDIT NUMBER 3524 MAG Development Credit Agreement (Rural Development Support Project) between REPUBLIC OF MADAGASCAR and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated June 22, 2001 CREDIT NUMBER 3524 MAG DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated June 22, 2001, between REPUBLIC OF MADAGASCAR (the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS (A) the Borrower has issued a letter of rural development policy, dated April 12, 2001, describing a program of actions, objectives and policies, including development of its Plan d