Page 1 H . E. Mr. Mohamed Berrada Le 11 avril 1900 Minister of Finance Ministry of Finance Cite Administrative Rabat, Morocco Re: Loan No. 2826-MOR (Greater Casablanca Sewerage Project) Amendment to Loan Agreement Excellency: We refer to the Loan Agreement dated July 27, 1987 between the Kingdom of Morocco (the Borrower) and the International Bank for Reconstruction and Development (the Bank) for the above-captioned Project and to recent discussions between representatives of the Borrower and the Bank concerning an amendment in the disbursement schedule for this Loan. We wish to inform you that the Bank hereby agrees to amend the percentage of expenditures to be financed under Category (1) (d) set forth in the table in paragraph 1 of Schedule 1 to the Loan Agreement to read "100%". Please confirm your agreement to the foregoing amendment by signing the form of confirmation below and returning this letter to us. This amendment shall take effect upon the Bank's receipt of this letter confirmed by you. In view of its interest in the foregoing, we are sending a copy of this letter to Regie Autonome Intercommunale de Distribution d' Eau et d' Electricite de Casablanca. Yours sincerely, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Kemal Dervis Director Maghreb Department Europe, Middle East, and North Africa Region CONFIRMED: KINGDOM OF MOROCCO By: /s/ Mohamed Berrada Authorized Representative Date: __________________________