Common Contracts

Project Agreement

Project Agreement • February 15th, 2021

• Contract Type
  Project Agreement
• Filed
  February 15th, 2021

WHEREAS (A) by the Development Credit Agreement of even date herewith between the Republic of Yemen (the Borrower) and the Association, the Association has agreed to make available to the Borrower an amount in various currencies equivalent to fifty six million Special Drawing Rights (SDR56,000,000), on the terms and conditions set forth in the Development Credit Agreement, but only on conditions that SFD agree to undertake such obligations toward the Association as are set forth in this Agreement;