Loan AgreementLoan Agreement • March 18th, 2010
Contract Type FiledMarch 18th, 2010WHEREAS (A) the Bank has received from the Borrower a letter dated July 28, 2004: (i) describing a program of actions, objectives and policies designed to achieve and sustain structural adjustment of the Borrower’s economy during the period of 2004-2007 (hereinafter called the Program) which Program consists of actions and policies that have already been taken and adopted, in a satisfactory manner, by the Borrower as described in Schedule 3 to this Agreement (hereinafter called the First Phase of the Program) as well as actions and policies that the Borrower intends to take and adopt prior to the subsequent phases of the Program, (ii) declaring the Borrower’s commitment to the execution of the Program, and (iii) requesting assistance from the Bank in support of the Program during the execution thereof;