CONFORMED COPYJanuary 5th, 2011
FiledJanuary 5th, 2011In response to the request for financial assistance made on behalf of the Republic of Ghana (“Recipient”), I am pleased to inform you that the International Development Association (“World Bank”) proposes to extend to the Recipient an advance out of the World Bank’s Project Preparation Facility in an amount not to exceed six hundred thousand Dollars ($600,000) (“Advance”) on the terms and conditions set forth or referred to in this letter agreement (“Agreement”), which includes the attached Annex, to assist in financing the activities described in the Annex (“Activities”). The objective of the Activities is to facilitate the preparation of a proposed project designed to improve management and regulation, increase transparency and enhance local technical skills in the oil and gas sector (“Project”), in support of which the Recipient has requested the World Bank’s financial assistance.