World Bank Document
CONFORMED COPY Public Disclosure Authorized CREDIT NUMBER 376 YAR (Amendment) Public Disclosure Authorized AGREEMENT AMENDING DEVELOPMENT CREDIT AGREEMENT (Tihama Development Project) between YEMEN ARAB REPUBLIC and INTERNATIONAL DEVELOPMENT ASSOCIATION Public Disclosure Authorized Dated April 9, 1976 Public Disclosure Authorized AGREEMENT AMENDING DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated April 9, 1976, between YEMEN ARAB REPUBLIC (hereinafter called the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (hereinafter called the Association). WHEREAS (A) By a Development Credit Agreement (Tihama Develop- ment Project) dated May 7, 1973, between the Borrower and the Asso- ciation (hereinafter called the 1973 Agreement), the Association made a development credit to the Borrower in an amount in various currencies equivalent to ten million nine hundred thousand dollars ($10,900,000) on the terms and conditions set forth in the 1973 Agreement; (B) Supplemental financing is now necessary to cover the es- timated increases in the cost of carrying out the Project described in Schedule 2 to the 1973 Agreement; (C) By Agreement dated January 17, 1976, the Kuwait Fund for Arab Economic Development (hereinafter called the Kuwait Fund) has agreed to make a loan (hereinafter called the Second Kuwait Fund Loan) to the Borrower in an amount of two million eight hundred thousand Kuwaiti Dinars (KD2,800,000) to assist in financing part of the Project on the terms and conditions therein set forth; and (D) The Association has agreed to amend the 1973 Agreement by adding the equivalent of ten million three hundred thousand -2- dollars ($10,300,000) to the amount of the said credit, upon the terms and conditions hereinafter set forth; NOW THEREFORE, it is hereby agreed as follows: 0 - 3 - ARTICLE I Section 1.01.
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