Treaty Series Recueil des Traites - United Nations Treaty Collection

232 United Nations - Treaty Series 1969
restrictions, imposed under the laws of the Borrower or laws in effect in its
territories.
Section 4.07. The Development Credit Agreement shall be free from
any taxes that shall be imposed under the laws of the Borrower or laws in
effect in its territories on or in connection with the execution, delivery or
registration thereof, and the Borrower shall pay all such taxes, if any, imposed
under the laws of the country or countries in whose currency the Credit
is payable or laws in effect in the territories of such country or countries.
Section 4.08. Except as the Association and the Borrower shall otherwise
agree, the Borrower undertakes to insure or cause to be insured the
imported goods to be financed out of the proceeds of the Credit against
marine, transit and other hazards incident to the acquisition, transportation
and delivery thereof of the place of use or installation, and for such insurance
any indemnity shall be payable in a currency freely usable by the Borrower
to replace or repair such goods.
Section 4.09. The Borrower shall at all times provide or cause to be
provided appropriate credit facilities in adequate amounts, and agricultural
extension and other technical services (including veterinary and research
services), in the area of the Project, and shall cause such facilities and services
to be made available to farmers through an adequate staff of officiers trained
in techniques appropriate to the Project.
Section 4.10. (a) The Borrower shall make arrangements or cause
arrangements to be made for the setting of charges levied on beneficiaries
of the Project at levels which will provide revenue at least sufficient to cover
all operating and maintenance costs of the Project, and, in addition, provide
for the recovery, on reasonable terms and conditions, of as much as practicable
of the moneys invested in the Project (taking into account the relationship
of the investment recovery rate to farmers' incentives and capacity
to pay), together with reasonable interest thereon. Such arrangements shall
be subject to periodic review at intervals not exceeding five years.
(b) In order to obtain such information as is necessary for formulating
and adhering to a policy which will enable the Borrower to comply with
paragraph (a) above, the Borrower shall
(i) undertake or cause to be undertaken with the assistance of consultants
acceptable to the Association and under terms of reference satisfactory
to the Association a study of the repayment capacity of farmers in the
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