Common Contracts
1 similar Advance Agreement contracts
Re: Republic of Djibouti: Advance Agreement for Preparation of Proposed Djibouti-Addis Road Corridor ProjectAdvance Agreement • June 10th, 2024
In response to the request for financial assistance made on behalf of the Republic of Djibouti (“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 one million Dollars ($1,000,000) (“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 the quality and safety of transport and transit along the Djiboutian section of the Djibouti – Addis Ababa road corridor (“Project”) for the carrying out of which the Recipient has requested the World Bank’s financial assistance.
