Dated July 31, 1997 PROJECT AGREEMENTProject Agreement • December 15th, 2004
Contract Type FiledDecember 15th, 2004WHEREAS (A) by the Development Credit Agreement of even date herewith between Mongolia (the Borrower) and the Association, the Association has agreed to lend to the Borrower an amount in various currencies equivalent to twelve million three hundred thousand Special Drawing Rights (SDR 12,300,000) on the terms and conditions set forth in the Development Credit Agreement, but only on condition that MUB agree to undertake such obligations toward the Association as are set forth in this Agreement; and