Treaty Series Recueil des Traites - United Nations Treaty Collection

340 United Nations - Treaty Series 1969
LOAN AGREEMENT'
AGREEMENT, dated January 31, 1969, between GUYANA (hereinafter
called the Borrower) and INTERNATIONAL BANK FOR RECONSTRUCTION AND
DEVELOPMENT (hereinafter called the Bank).
WHEREAS the Borrower has requested the International Development
Association (hereinafter called the Association) and the Bank to assist in
the financing of an education project more particularly described in Schedule
3 to this Agreement;
WHEREAS the said project constitutes the first part of a long-term
education development program of the Borrower;
WHEREAS by an agreement of even date herewith between the Borrower
and the Association (hereinafter called the Development Credit Agreement 2 )
the Association has agreed to make a credit to the Borrower for such project
in an amount in various currencies equivalent to two million nine hundred
thousand dollars ($2,900,000) upon the terms and conditions set forth in
said Development Credit Agreement; and
WHEREAS the Bank has agreed, on the basis inter alia of the foregoing,
to make a loan to the Borrower upon the terms and conditions hereinafter
set forth;
Now THEREFORE the parties hereto hereby agree as follows
Article I
LOAN
REGULATIONS; SPECIAL DEFINITIONS
Section 1.01. The parties to this Agreement accept all the provisions
of Loan Regulations No. 3 of the Bank, dated February 15, 1961 as amended
February 9, 1967, 3 with the same force and effect as if they were fully set
forth herein, subject, however, to the following modifications thereof (said
Loan Regulations No. 3 as so modified being hereinafter called the Loan
Regulations)
Came into force on 23 July 1969 upon notification by the Bank to the Government of
Guyana.
2 See p. 377 of this volume.
3 See p. 374 of this volume.
No. 10096