Financing AgreementFinancing Agreement • April 5th, 2011
Contract Type FiledApril 5th, 2011(“Association”) for the purpose of providing financing in support of the Program (as defined in the Appendix to this Agreement). The Association has decided to provide this financing on the basis, inter alia, of (a) the actions which the Recipient has already taken under the Program and which are described in Section I.A. of Schedule 1 to this Agreement; and (b) the Recipient’s maintenance of an appropriate macroeconomic policy framework. The Recipient and the Association therefore hereby agree as follows:
Financing Agreement (First Development Policy Credit) between KINGDOM OF BHUTAN and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated March 21, 2011Financing Agreement • April 1st, 2011
Contract Type FiledApril 1st, 2011AGREEMENT dated March 21, 2011, entered into between KINGDOM OF BHUTAN (“Recipient”) and INTERNATIONAL DEVELOPMENT ASSOCIATION (“Association”) for the purpose of providing financing in support of the Program (as defined in the Appendix to this Agreement). The Association has decided to provide this financing on the basis, inter alia, of (a) the actions which the Recipient has already taken under the Program and which are described in Section I.A. of Schedule 1 to this Agreement; and (b) the Recipient’s maintenance of an appropriate macroeconomic policy framework. The Recipient and the Association therefore hereby agree as follows: