IDAFinancingAgreementModel—DiscussionDraft.doc

CONFORMED COPY CREDIT NUMBER 3739 CD GRANT NUMBER H023 CD Development Financing Agreement (Education Sector Reform Project) between REPUBLIC OF CHAD and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated March 20, 2003 CREDIT NUMBER 3739 CD GRANT NUMBER H023 CD DEVELOPMENT FINANCING AGREEMENT AGREEMENT, dated March 20, 2003, between REPUBLIC OF CHAD (the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS (A) the Association has received from the Borrower a letter, dated March 8, 2002, describing a program of actions, objectives and policies designed to reform and improve the Borrower’s formal and informal education, raise the level of literacy and to support community initiatives in the education sector of its economy (the Program), and declaring the Borrower’s commitment to the execution of the Program; (B) 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; and WHEREAS the Association has agreed, on the basis, inter alia, of the foregoing, to extend the Credit and the Grant to the Borrower upon the terms and conditions set forth in this Agreement; NOW THEREFORE the parties hereto hereby agree as follows: ARTICLE I General Conditions; Definitions Section 1.01. The “General Conditions Applicable to Development Credit Agreements” of the Association, dated January 1, 1985 (as amended through October 6, 1999), with the modifications set forth in Schedule 6 to this Agreement(the General Conditions), constitute an integral part of this Agreement. Section 1.02. Unless the context otherwise requires, the several terms defined in the General Conditions and in the Preamble to this Agreement have the respective meanings therein set forth and the following additional terms have the following meanings: (a) “Administrative and Finan