Common Contracts

Dated December 6, 1996 PROJECT AGREEMENT

Project Agreement • December 15th, 2004

• Contract Type
  Project Agreement
• Filed
  December 15th, 2004

WHEREAS: (A) by the Development Credit Agreement of even date herewith between the Republic of Benin (the Borrower) and the Association, the Association has agreed to make available to the Borrower an amount in various currencies equivalent to three million three hundred fifty thousand Special Drawing Rights (SDR 3,350,000), on the terms and conditions set forth in the Development Credit Agreement, but only on condition that PAC agrees to undertake such obligations toward the Association as are set forth in this Agreement;