Page 1 June 4, 1998 H.E. Tertius Zongo Minister of Economy and Finance Ministry of Economy and Finance Ouagadougou, Burkina Faso Excellency: Credit No. 2378 BUR (Public Institutional Development Project) Credit No. 2381 BUR (Agricultural Sector Adjustment Credit) Credit No. 2414 BUR (Food Security and Nutrition Project) Amendment of Development Credit Agreements (Change in Debt Service Due Dates) We refer to (i) the Development Credit Agreement, dated June 29, 1992, for the Public Institutional Development Project, between Burkina Faso (the Borrower) and the International Development Association (the Association); (ii) the Development Credit Agreement, dated October 6, 1992 for the Agricultural Sector Adjustment Credit, between the Borrower and the Association; (iii) the Development Credit Agreement, dated October 6, 1992, for the Food Security and Nutrition Project, between the Borrower and the Association (the above-referenced agreements are hereinafter referred to as the Agreements); (iv) to your letter, dated February 18, 1998, in which you requested us to amend the Agreements in order to modify the debt service due dates; and (v) to the recent discussions held between yourself and the Association relating to said request. We are pleased to inform you that the Association accedes to your request and agrees, accordingly, to amend the Agreements as follows (with changes indicated in bold): I. Credit No. 2378 BUR (Public Institutional Development Project): 1. Section 2.06 is amended to read as follows: “Commitment charges and service charges shall be payable semiannually on February 1 and August 1 in each year.” 2. Section 2.07 (a) is amended to read as follows: “Subject to paragraphs (b) and (c) below, the Borrower shall repay the principal amount of the Credit in semi-annual installments payable on each February 1 and August 1, commencing August 1, 2002 and ending February 1, 2032. Each installment to and including the installment payable on February 1, 2012 shall be one percent (1%) of such principal amount, and each installment thereafter shall be two percent (2%) of such principal amount.” II. Credit No. 2381 BUR (Agricultural Sector Adjustment Credit): 1. Section 2.06 is amended to read as follows: “Commitment and service charges shall be payable semiannually on February 1 and August 1 in each year.” 2. Section 2.07 (a) is amended to read as follows: “Subject to paragraphs (b) and (c) below, the Borrower shall repay the principal amount of the Credit in semi-annual installments payable on each February 1 and August 1, commencing August 1, 2002 and ending February 1, 2032. Each installment to and including the installment payable on February 1, 2012 shall be one percent (1%) of such principal amount, and each installment thereafter shall be two percent (2%) of such principal amount.” Page 2 III. Credit No. 2414 BUR (Food Security and Nutrition Project): 1. Section 2.06 is amended to read as follows: “Commitment charges and service charges shall be payable semiannually on February 1 and August 1 in each year.” 2. Section 2.07 (a) is amended to read as follows: “Subject to paragraphs (b) and (c) below, the Borrower shall repay the principal amount of the Credit in semi-annual installments payable on each February 1 and August 1, commencing August 1, 2002 and ending February 1, 2032. Each installment to and including the installment payable on February 1, 2012 shall be one percent (1%) of such principal amount, and each installment thereafter shall be two percent (2%) of such principal amount.” All provisions of the Agreements, except as amended herein, shall remain in full force and effect. Please indicate your agreement with the foregoing amendments by signing and dating the confirmation form on the attached copy of this letter and returning it to us, while keeping the original for your records. These amendments will become effective as of the date of confirmation of this letter. Sincerely, By /s/ Hasan Tuluy Country Director for Burkina Faso Africa Region Attachment AGREED: BURKINA FASO By /s/ Authorized Representative Date: _____________________