CFFICIAL
DOCUMENTS
LOAN NUMBER 8889-EC
Guarantee Agreement
(Additional Financing for the Quito Metro Line One Project)
between
REPUBLIC OF ECUADOR
and
INTERNATIONAL BANK FOR RECONSTRUCTION
AND DEVELOPMENT


LOAN NUMBER 8889-EC
GUARANTEE AGREEMENT
AGREEMENT entered into between the REPUBLIC OF ECUADOR
("Guarantor") and the INTERNATIONAL BANK FOR RECONSTRUCTION AND
DEVELOPMENT ("Bank") ("Guarantee Agreement") in connection with the Loan
Agreement of the Signature Date between the Bank and the Municipality of the
Metropolitan District of Quito ("Borrower") concerning Loan No. 8889-EC ("Loan
Agreement"). The Guarantor and the Bank hereby agree as follows:
ARTICLE I - GENERAL CONDITIONS; DEFINITIONS
Section 1.01. The General Conditions (as defined in the Appendix to the Loan
Agreement) apply to and form part of this Agreement.
Section 1.02. Unless the context requires otherwise, the capitalized terms used in
this Agreement have the meanings ascribed to them in the General Conditions or in the
Loan Agreement.
ARTICLE II - GUARANTEE
Section 2.01. The Guarantor declares its commitment to the objective of the
Project. To this end, without limitation or restriction upon any of its other obligations
under the Guarantee Agreement, the Guarantor hereby unconditionally guarantees, as
primary obligor and not as surety merely, the due and punctual payment of all Loan
Payments payable by the Borrower pursuant to the Loan Agreement.
ARTICLE III -REPRESENTATIVE; ADDRESSES
Section 3.01. The Guarantor's Representative is the Minister of Economy and
Finance.
Section 3.02. For purposes of Section 10.01 of the General Conditions the
Guarantor's Address is:
Ministry of Economy and Finance
Plataforma Gubernamental de Gestion Financiera, Pisos 10 yl 1
Av. Amazonas entre Pereira y Union Nacional de Periodistas
Quito, Ecuador
(5932) 3998300/400/500/600
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Section 3.03. For purposes of Section 10.01 of the General Conditions the
Bank's Address is:
International Bank for
Reconstruction and Development
1818 H Street, N.W.
Washington, D.C. 20433
United States of America
Telex:               Facsimile:
248423 (MCI) or      (202) 477-6391
64145 (MCI)
AGREED as of the later of the two dates writte  elow.
REPUBLIC O         C  OR
By
Authorized Repres  ative
Nae:   4Alti,,j /0
Title: rof,n  4' E IQ4A 7C 7#:5 V-S/
Date: /VP ,/A- Jx   , Jf,
INTERNATIONAL BANK FOR
RECONSTRUCTION AN         EVELOPMENT
By
Authorized Representative
Name:   7//   0 FA  O /a
3