Development Kredit Agreement (Rural Water Supply and Sanitation Project) between Kyrgyz Republic and International development association (February 12, 2002)

Credit number 3579 KG

Development Kredit Agreement
(Rural Water Supply and Sanitation Project)
between Kyrgyz Republic and International development association
(February 12, 2002)

Ратифицировано Указом Президента КР от 25 марта 2002 года № 65

AGREEMENT, dated February 12, 2002, between the KYRGYZ REPUBLIC (the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association).

WHEREAS (A) the Borrower, having satisfied itself as to the feasibility and priority of the Project described in Schedule 2 to this Agreement, has requested the Association to assist in the financing of the Project;

(B) the Department for International Development of the United Kingdom (DFID) has agreed to make available a grant to the Borrower in an amount of approximately $6,250,000 equivalent (the DFID Grant) to assist in financing of Parts B and C.2 of the Project on the terms and conditions set forth in the agreement to be concluded between DFID and the Borrower (DFID Grant Agreement), as such agreement may be amended from time to time; and

WHEREAS the Association has agreed, on the basis, inter alia, of the foregoing, to extend the Credit to the Borrower upon the terms and conditions set forth in this Agreement;

NOW THEREFORE the parties hereto hereby agree as follows:

Article I. General Conditions; Definitions

Section 1.01. The «General Conditions Applicable to Development Credit Agreements» of the Association, dated January 1, 1985 (as amended through October 6, 1999), with the modifications set forth below (the General Conditions), constitute an integral part of this Agreement:

(a) A new paragraph (12) is added to Section 2.01 to read as set forth below, and the existing paragraphs (12) through (14) of said Section are accordingly renumbered as paragraphs (13) through (15):

«12 'Participating Country' means any country that the Association determines meets the requirements set forth in Section 11 of Resolution No 194 of the Board of Governors of the Association, adopted on April 8, 1999; and 'Participating Countries' means, collectively, all such countries.»; and

(b) The second sentence of Section 5.01 is modified to read:

«Except as the Borrower and the Association shall otherwise agree, no withdrawals shall be made: (a) on account of expenditures in the territories of any country which is not a Participating Country or for goods produced in, or services supplied from, such territories; or (b) for the purpose of any payment to persons or entities, or for any import of goods, if such payment or import, to the knowledge of the Association, is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations.»

Section 1.02. Unless the context otherwise requires, the several terms defined in the General Conditions and in the Preamble to this Agreement have the respective meanings therein set forth and the following additional terms have the following meanings: