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The World Bank 
1818 H Street N.W. 
(202) 477-1234 
I
NTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
 
Washington, D.C.  20433 
Cable Address:  INTBAFRAD 
INTERNATIONAL DEVELOPMENT ASSOCIATION
 
U.S.A. 
Cable Address:  INDEVAS 
 
March 30, 2010 
 
CONFORMED COPY FOR PUBLIC DISCLOSURE 
 
Lic. Amado Boudou 
Minister of Economy and Public Finance 
Ministry of Economy and Public Finance 
Hipólito Irigoyen 250 
1310 Buenos Aires, Argentina 
 
Re:
 
ARGENTINA 
–
Unleashing Productive Innovation Project
 
Loan No. 7599-AR
 
Second Amendment to the Loan Agreement
Dear Minister Boudou: 
Please refer to the Loan Agreement (the Loan Agreement) dated August 6, 2009, entered into 
between the Argentine Republic (the Borrower) and the International Bank for Reconstruction 
and Development (the Bank). 
In response to the 
Borrower’s letter DNPOIC No. 187, CUDAP 15110 to the Bank, dated 
February 18, 2010, requesting the Bank to: (a) reallocate a portion of the Loan proceeds (US$10 
million) under the Sectoral Funds Component to support matching grants for innovation projects 
conducted by individual firms in the biotechnology, nanotechnology, and information and 
telecommunication sectors; and (b) to include commercial practices for goods under US$1,000 
for Technology Subprojects conducted by individual firms under Part 3 of the Project, the Bank 
hereby proposes to amend the Loan Agreement, as follows: 
 
1. 
To expand the project description of Part 3, Schedule 1 to the Loan Agreement (Sectoral 
Funds), to read as follows:   
 
“Part 3
:
Sectoral Funds
Provision of Technology Grants to carry out public-private and/or private-private 
collaborative research and technology commercialization, and innovation activities by individual 
firms in the areas of biotechnology, information and communications technology, and 
nanotechnology, through, 
inter alia, 
 the carrying out of minor works (remodeling), the 
acquisition and utilization of equipment, the provision of Scholarships to graduate students and 
the facilitation of Fellowships, the provision of technical assistance (which will generate new 
knowledge, adapt or transfer knowledge, and/or result in the development of new products or 
production processes with high potential impact on Argentina’s productive sector),  all in 
accordance with the criteria set forth in the Operational Manual.” 
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2. 
To amend the table under Section III.B.2 of Schedule II to the Loan Agreement, as 
follows: 
 
Procurement Method
(a) National Competitive Bidding 
(b) Shopping  
(c) Direct Contracting   
(d) Established commercial practices acceptable to the Bank pursuant to paragraph 
3.12 of the Procurement Guidelines, as set forth in the Procurement Plan and the 
Operational Manual in respect of Venture Capital Fund Subprojects, and Technology 
Subprojects carried out by individual firms 
All other provisions of the Loan Agreement, except as amended herein, shall remain in full force 
and effect. 
 
Please confirm your agreement to the foregoing amendments by signing and dating this 
Amendment Letter in the spaces provided below. This Amendment Letter will be executed in two 
counterparts, each of which shall be an original and one of which shall be returned to us. The 
provisions of this Amendment Letter will become effective upon receipt by the Bank of: (i) a 
revised Operational Manual for the Project, including the provisions necessary for an adequate 
implementation of Part 3 of the Project (as herein amended); and (ii) one fully executed original 
of this Amendment Letter. Once the precedent conditions have been satisfied, the date of 
effectiveness of this Amendment Letter shall be the date of your countersignature.  
 
Sincerely, 
 
INTERNATIONAL BANK FOR RECONSTRUCTION 
AND DEVELOPMENT 
 
/s/ Laura Frigenti 
Acting Director 
Argentina, Paraguay and Uruguay 
 
AGREED AND CONFIRMED: 
 
ARGENTINE REPUBLIC 
 
By: 
/s/ Amado Boudou 
Authorized Representative 
 
Date: 
June 1, 2010