Common Contracts

Project Agreement

Project Agreement • December 14th, 2004

• Contract Type
  Project Agreement
• Filed
  December 14th, 2004

WHEREAS by the Development Credit Agreement of even date herewith between India, acting by its President (the Borrower) and the Association, the Association has agreed to make available to the Borrower an amount in various currencies equivalent to sixty- six million three hundred thousand Special Drawing Rights (SDR 66,300,000), on the terms and conditions set forth in the Development Credit Agreement, but only on condition that Karnataka agree to undertake such obligations toward the Association as are set forth in this Agreement;