Page 1 REPUBLIC OF KENYA May 7, 1997 International Development Association 1818 H Street, N.W. Washington, D.C. 20433 United States of America Dear Sirs: Re: Interim Fund Credit No. N015 KE (Early Childhood Development Project) Key Performance Indicators We refer to paragraph 2 (b) of Schedule 4 to the above-mentioned Interim Fund Development Credit Agreement and to the Government of Kenya's undertaking therein to monitor and evaluate the execution of the Project in accordance with indicators satisfactory to the Association. Attached to this letter are the said indicators, which shall be subject to modification from time to time in consultation with the Association to better meet the objectives of the Project. Very truly yours, REPUBLIC OF KENYA By /s/ Benjamin Kipkorir Authorized Representative