PROJECT AGREEMENTProject Agreement • December 15th, 2004
Contract Type FiledDecember 15th, 2004WHEREAS: (A) By the Development Credit Agreement of even date herewith between the Lao People’s Democratic Republic (the “Borrower”) and the Association, the Association has agreed to make available to the Borrower an amount in various currencies equivalent to twenty million seven hundred thousand Special Drawing Rights (SDR 20,700,000), on the terms and conditions set forth in the Development Credit Agreement, but only on condition that each of Oudomxay and Phongsaly agree to undertake their respective obligations toward the Association as are set forth in this Agreement; and