OFFICIAL
DOCUMENTS
LOAN NUMBER 8706-AR
Guarantee Agreement
(Metropolitan Buenos Aires Urban Transformation Project - Autonomous City of
Buenos Aires)
between
ARGENTINE REPUBLIC
and
INTERNATIONAL BANK FOR RECONSTRUCTION
AND DEVELOPMENT
Dated bOCM  0eX Z  ,2011


LOAN NUMBER 8706-AR
GUARANTEE AGREEMENT
AGREEMENT, dated belfe        ) bf 14 , 201j     entered  into  between
ARGENTINE REPUBLIC ("Guarantor") and INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT ("Bank") ("Guarantee Agreement") in
connection with the Loan Agreement of same date between the Bank and the
Autonomous City of Buenos Aires ("Borrower") ("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) constitute an integral 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 its Minister of Finance.
Section 3.02. The Guarantor's Address is:
Ministry of Finance
Hip6lito Yrigoyen 250
C 1086 AAB, Buenos Aires
Argentina
Cable:               Telex:               Facsimile:
MINISTERIO
DE FINANZAS          121942-AR            (5411) 4349-8815


Section 3.03. The Bank's Address is:
International Bank for
Reconstruction and Development
1818 H Street, N.W.
Washington, D.C. 20433
United States of America
Cable:              Telex:              Facsimile:
INTBAFRAD           248423 (MCI) or     (202) 477-6391
Washington, D.C.     64145 (MCI)
AGREED at     h"10S    POfor h   Ne4VoS(                        as
of the day and year first above written.
ARGENTINE REPUBLIC
By
AuthorizJd Representative
Name:       LUIS MdcSSe Oto
Title:                     £hCC
INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT
By            1
ut rized Representative
Name:       483    k    itsche
Title:          A         \e  C
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