c utdeltnes p r0ctir,ei,gnt under ibrd loans and ida credits

C UTDELTNES
PR0CTIR,EI,GNT
UNDERIBRD
LOANSAND IDA CREDITS
May 2004
la]tro1
0u &riB nrlctrn rr !
.:
FdsMaj4€..
Rejsrui dAn Bd
....
Bur4 oyi. oenr, r!'rq
rPr
d ohe or Gd;du)
cad+iPaidro(ooGdd&eo.&itud@)
Fe6e
(!rndrmd
!k60ri
rrcied &F!er
DicDh-l
(wqr r,4l
rnd!rlntrunD)f
endis&
no
orr{h, uoik, ad qmc* (osq
0rn), dde F i!tri sd rlEn ce iftldrd
&, ooarrd $dirr:
cqij.i r'Drsc ptojd. rrf Ldo A!ftier
Fr$s th! hgd
on!!tuprcr&nhNis*oetr
rre
@jsr {! prcr rd br 6e hiddh* dmuD
(!)
,h. rd tu {iiofy
4d efcnilr
' o, ddc pois'
Di ranrir
rt i,! i{d
i, rf drlidu'
N dttr Nj.d, dddis
G) dEn!'rl hLqsr i.ro!Esr!
(dJ rrrinFno(
orre
{r
&4q jDLtuFuurn{r
prue$
hlmdtoEr coDpdii€ Riirhg 0cB), p
4plj$utoM&bE|$doj!uftE
F4uoiorud.,
e ;$
,rdy
b
! u
@!di!
!rujld a..
io gs&
dd
Nc sc Frcjed r * nmqr ar di+@dy ed
quriy od u! @vdsh ! '6 rbqbdus drc prcj&i,
G) n dsit'd.y
(b) sn E &Nsed oi conpLrd D rbdy turbDr &d
G) ft piqd e 4 !d b atrer !trlEdy
dr<i
pojak
^rr rcndrG frr
sbseasfflLyFtronlhefuldiD!.
(!)
exddeditlLJ$a
rii@llx!ontyqgdsBudNlrd;r!,daodt
{ (i) b} { {r d rcDdnNc wii i d(Fi
dr b rh! udqs
od4d.^.
or $pPri6) \bd
rin! Cod! btr's,
bqdi!. !&
o
Gornn{,{PM
6sy o! 4rLLi[
udtr anwrch!
srtTi$
i de
lid 6q (t iE esr r lid irNir
h!, tu (iit a€ mr d4
ld)
A im dcdqld hdh[h hr iE Ba* i uo6e
p@4Phl,t4ddtscuddiE5oh&
y obNnoE,
rd
(ii) oFErc
$bpn4Eph (d] d
bdfni,Guirdio4firE468
i
6deiddi{sdFnj(!o|Nrce
b6!djqid!frIB!j|lilluiqedtes
wc @mDdis d ils !w ,i*. ull d )
@'{mrceb}$cndwd6eFldq
prcild h qlsLh
iqir E!tut
r6e6dtu!n,gu,
tuiimia
ioir ad **tu
nD&bryjohrkilasqdbo
60Ed
ot|raj'pFqdLyteD!(]]lhd!'!drr
Aiu!@&dlshvhi!htNILt4
'|
n Ndd
diq obbi4
oo,""
a 50 o6ncdor'
/!.8,
",;h
dior tumi$cd b, de uobw
r.
q tu 1L@
'(uoc dEo@v{) h @eid (or i, lr!repdr G!! h6
4dtd 6.) ! .!dil
(rh'B!d ) h
ed
DqdoN4tl
rnn 6e .r^i@dbod B{d r.i Reo{Miu
@n dlDu! d Foi{r, a d iLrd b
st6a!
4dirpdotrdd!F{qc!r
eodyddrrcqN*d{ ned
locow s &siaGr) @d4m qplqr bt se Bok, oi rir e j,bie{ h dr
&!r(r b se ErcR od @drbE d 6! Li,oil &Ee !{t tu lldil
pqnfllb9LFIDqdints,ot6|o)lDPi
LatrAFlnd
(oul $dr Git a ry id[
' I
ol be uy daiE b ,h! pruei5 !n* lioa!
onorG(id
b!".
o
6 \! L$ ridd.\ aDro:,
4d ru
br dtr ruTo*s dtt
prcri
idils,
(i)
@rruapEd.c r! is Li oardrs, ai
(ii) "iaudtri pEnic!!N !q id o ooi
6d6\iEl}qNfusJyhia&,o.
iq ftNioins
rlr
d 3r"
de
(iit "orBnr
Nuilds@o
Fdir"r
oifrcrt.iEpruPliyN&dqs
(i)
ped(
r!4ic
! i nFidia
u6
{!).bhdiwFrcd("i
o)
(4)
eir.Rrd]
(!L)
*
dsrqis
iiared
rdsfris, a
t
sr aj( ! pDpq, tu$sd
qps r r4 Gi LEbv
trtr d
(r) liraNrhcp{ritrordcbud6
(d),i[$ad!tr{ri@qidird,ic
G) rii lar & nshLb qui(
er a p@v
(i !qL4
6dN'-1.s Btd b rc b dig d
rr | !d16e ridi
(rfds
(f) 6c F!flrk
rf i Fai
'"
"
d(J
'
i
d d Gri R aq[$.
(h] {r
o
qqhui ft d!di!
oih
lFnd
hc
2r
tu djednr.rhrcrudoer .oiFidv
Bjddie flcB),ar &$i!3d i 6e!
d & qur {Nhiiry
1!rr!
skd.odnds
22 ne 6idia docunqr rd
ardhaiqd6cr
,1
ro bd iq ric 4!ao
d6 t s
!d rtrt4h&r
rL i P@ndE+ 6s \iErubd sp
Grtats|qIs{potu
d6rsr !i
-giu@e,
r{ o!h!r
se qdy
(p{ks)
^[ hidsad oftidiqs
d jnsrdhri@d4uiFnq
qPtr$l]tyfthdrq6csn,Ly4diD
ofbiL
ed 'h! aGddtor
o.
;!iqr,
$bj!d to trlhGr { \rr c oDr r!rcLd ! uirarh
/.qiruk, " rrc \di( itrr 006
d{
e$pldr ! Eqolql !noumoiNor
fi h! tuEq rr4hoN (or Gn Nnhr, !
Borerc.s mi4
{tr ir ft !!iud g!&r
d djBrErr,
h h
Fnor ire pkrarr rodDd srindliLr,
4nFf.mus
r!{ig ib {@s' sci G) evetr{e dr
or sd s@drdi(b)!
!q G!iri6. {d o nmllaL ru riu4'
r!
ir Euh'd b pqsrry tu udri
*&i
b i biddq 6n rju4d
r ru hq.
htu@@d rtoE): rh orgodrsq bir
id &h (idtrha otu{toeiui ud
,i/,s&4u46(s!Dt
rcbscB{dso{csqb
$cd br
i$spruiqF
vdiilyd'Usr{Bids(ui\.
LL tueq! !c i rron !n $o0 iritr r
ndia d.n Lid5du4 sc Frid d
ule dibc Boro€fs .o!rh (or rf
\ Q flry rir (mnolii
esrd ,x),! rr
rdr rE $. !& 6d *;;s
o
r.!d! rcsoubr ieAs b rnd
eq ei sFP'! @orm. rftsrst
r..;
d( rcidul
o_.1
der .o
tu d
1]! Bld $dr fa r , {s (D rd olr 6nn o rr d(LnDany) dd I
reurd6.
$uie x no objqft r !ir{d!@Msrjrsbcdrpddr!ic!
hre{q
rhdr +{rt
nulircdu
BL@dilelr
isard
n e $ Lhusisrd by dr
b d{ia u dtuekc Drun
ei
q rebry sdrdE iELtpb5Fsdhrud
4ntd
nutuL
b e Nrlnqr
by !h! beq,s
i
dcf
I (p,e or&!idi!r)
6i nl
\qhldiPlful@nPl]whqc$!hdL
j&pFw!t,Dtroeljldds@yic5!
- rntry. q !! Lhrsdo pr, ai d n[
M5Ld{rP" 1re! d &!iFro,) rq tr
! F.rbELr rDond lrd x\F (q q!ds.
of cMtr'sui
r rah,! oineu-,
dqq*dc'jdeii6.rlaL€a4si
i3
o $hr dr ry$ leErrr iur lDhrd hsL)
b.1t,) bir Fi{s fr0 bcnd d {bl hr si!
godsooqh!{dqofugiloeigll
qr rcFdL$ lnr
, .da(
6r o!. ,
rcdivoiA]rqriuLIftlrliqq
$! rinnii Ir aNr ode). ,!i dr b& d
diENoebh!p!d!db'se!djq'Ircifroiil)'rr].]b[{&f&{oare!
ntuktuoorldnrsqrt!h[&
ldi(r
Fo |4e Fiec6 s6
$86
Ii!]E!ddtrodshl,]i!Dl@Dtslts
llrtrldqs
4 a sie, e.vaF!r.q
ba! pFjid
(o!od rhe) or.pr urnd pr{c ddsdEm)llpdss r
aki6(@rcrc
i drili!tr b Dc cD bLe! dden Dri.'t Filt rpuid i @!s4rr I I $rqtrNd
r ddE cm (r &e or&nirliri) /iq blr
nlr .i! (!{s4h5
b G) elfw dr h&rs h!{ 'hcqppotuD
2.r!,
r) !rc Ekritr
d tc) c Eu r fiGr$ aii t,trFfiry
orci.l
i (r
[sjuR;q5acocisEqnidbylb
s'biiDd!6sfulbccolddb'shglc
$rNrd by 6e Booous ( oot olqcy q niir sNdbt€ 6Eier 4Ge,
se $0ie (crcbso Ddi 6, rse {rc'dc
cqrdBd)oLbyao
ner ddqby
q@rd br e o6cir euc ($dr r dE
,IwbdLfubdFilc;(qiEdbefut
hl
( d h dr ror lFprr orlodr iur
I
ol
(bdndr tu qqL shdrpoi!
u lpp
d3!od.dfu$d5q]rcIk,sd]tt
,16 rdig
eq,Eqr !tunryda &
2!2 tu @dinoE d @trhd $dr iio, r
6ruf h 6e fs r d u, *ar d6c
nal
di+!r rcio! snds u aqndidqs !h!
4nra*
onra Fojd iqi rh! n4ore
q{d|bii!lftn]FrdddNifurp[q.
N$d
(i F$!
.i o'rhe, vb{
deton!
bidog is u$o D! q,ft
Fmins4errbc(drLNd(adFdoihe*sdrc,rc
! biiig
ordr iidtu sd
* Nd) ed
sdeildafr46etruji!dd,llNd|as
fulel{$qFitrihjdd6bdryd!
e bc G)wd rhrdresrig €quicNoc
s! clidis.
(o * ldohruid
rboofrr,
by e quid
$orr
Dd lv) a odcRnr se6nt
Thbi&!d]J'rcthrriltdbsmr
(b) hr
e{
PqqLr $!!d,
e ia! s ordEn 4docd sj. sdnd r!
|u.d(i'..fuj!]rc$nn!'h!L'61
!0{krFi{,$d]b!$tdd6rlEd
iari
tielirjftd b lored ur
4! a1 ', dninEqk sbr e oic 6r &i
!1i!D Pc Rlsbo' rEvibN 4lrrhs
I jr sid4dunqk
jdLdslEcit
d!rynor
(r)
0d $r fodl i se Lidd4 tu
gds4.!
!d!Ed i 6. @urry d
n ied ry qelnbDrciEuEroqi
d!
@!pld!d!*dud@,61{iLd!8t59
d b cbug! tr q dqr (bv) Pie d dhr
qhd e vddiq oidLn bil$rr s &q!
ner iFn. rE h d dDr e (j!dd
h sd
hs &q idlnhd
* oraFbii!, ud eeucs d{ ,rnr bii
(+odE
b 6c biddia &oi q$ hi (r I b
( ) o Lesuxndjrl]
d66rtebDodjlylbbisongiEny$htrifud.
iqritis
dE ri i m{ bL nne6
bier!6sbmkd16iio)bidp
t "; objcdio^.brheroonqor o d
dmDR@,todh.l3',4,lhlead6
@ddre6!0$ E i 6ndi.i;
(x) oiot dad
$ !s rr od d riilt4qi4i (o E@ d
dd: (dJDoe dbdics lbos hjd5vqc
!i G) une dra Nno4 bi&r, ud rc
h'rur$er
rrbirsnnniffdvri
rft
5i(kord!
rq d<1 ir bir5 tucdi^d
atuou, cjld drbiL rdrbids!r
s4tRi6/;gdr at!d!o ioi lEiq
2o trrerejeduddrhisndNbb
rcuiold
d,h! &jqdor F dE b non o
,6r ArrbidsMr rc' b rjr*d
lrd m'
gLlqFiqs'r6cbwf4dud
];!!i ebE (jarie
h&, sLiiDg rel
BnoNir @urry (or o rE ! rlii L&4tr!,
!s)hddidb!
D,,r,ari
nd'th
Auds 6, Fnh qudlili$ to iss
ThnsrMswddlqlotrdeo6cir|hc
g4i5]2b37c$r
etEg{c&lysd
r.2 r.inid hrfttr@ Lridiq (r.rB)i
i ir a rb,ild ruobq d a.d !^, q rt) oiNr qc4(ur
rr
Nahd .onpdii4 !iri8
e$os Dlv iunil ie'ike
(N.B)
e irded Lcqsc G) thcroilid siEs @
rDd , o) rs*s @ $dbd g{gilrrorLy q lEd olq rhc, (c) eotu,E hsr
iirN!., f (o e trds q q.{s ar daihdc h.dry { Fics hdov .E otnnhii
brcw<\
olia
(or N Las4e sd D
t
'|:
) 6 d{ rh! Nrnr onoflld5 rr
'o0 $qr
& lbi€
(i 6e !N !r4o&l
$ruric
0.''o'o
(r)
Ai qndB
o)
srod&dnrq d4uipetr
o'hd
ro g@& 0 lql
f ssr
qliPo&i, Dqjurii, dddoDr Pld6es
Pndars b &junine4 6e odgid quil
eer rDi!rcd
a d EjeddL@ saMs n4bbr
r se Bar
ue diorce eou{
'try beju,irrd rdtei
(!) +aribr onvoik hvdwd aiid b! idhd
(b) vor6 d ytr Ltu {arred d io !@o
r! & q6d
G) \d
n qud
(d)
i(k
dwloikd!
G)
rrf
&€ eoe+efts
i droq
Nr vih
qql iL@Ddor
fsig
Flnpl{kid.
t! utrid Nrn6 0iN), e,ia aslrP i.D
ir nd, qiro.6G lar dF4;3
(.)5
r &r (b) $, uri4d Fodrds 'rrc
BomN4i niry eni (q d E$!nd by d! Bd)
b eqby, asftn
4qr
hc
! rin
ehD$sWLsiwbiry(@6ddi!.
iaie4$qsi|0li@s,qlhqcb€c
rud@@r Guiddiresrrrtr46i
12
!rulEd bqi
iFEry
rts Ncdres srdi tur r. s6jLd r pn( Edfiarbq bmody
h nibj*rd
b pilc !!i.Edio
loibeoNl!R{i6c}dubodbtsUdglcn
PnoFhqrh
Loi!
b nuN
hrFhdr;s
hdiid&t,FqcsduoLqi$s,9d
66eFd!
BooEod roor:'!EN!'s
G)
r !!!ei^oc
rD E4 d $6pruj( s,Dc
{si@h
u {r{aNU
u
Gli[rr tun digibL $inA, !$c rs ow Foadu$
h dk sq
rlE fojld
o)
rd€ dd @N6noEuc u srqoL
6nr ! $6rru3r4t o aba!, d! s@& I
(rra&eIeueNmF6s$s0cBoNcB)Errigdia
'rM ddied,
&dRlGh,idi!
$rtd
r tei ddsq
d rc
j ii rq6rno(BcdProarcqL(!ro$d!!sd
tur(ddL)ai
NnLp G)
$oir,
Dist !,,r!tr.(t&, !i
@rttrdd (o! eebifu(ut hd q,hh !
bu@{{. q G) 6iu! s.riy, (Nrudi
s,s'pLyudq@ct{Lj@arc(q!<
6Nihhf*l6ercquiEL&0tdp@gqh
.o
uig ra'iirsdon
in P$are4r
rr? wi.E, ii se h,R{ dpreied$rb
obrdib qrd! F.nd. i1h da olre ii sredld Fj.d
omF,rms b G) qn tu dc
]b|niab|'da|dir'<llh6L
llsdus
riP6d
$d 6e Dnied onP6
hLhLLluAlqrududlhqccactrols
Nr rNooitrjfi
oddFildir&Nb
ndb6cBldt|iqoiv
&) h lcs vhqc Fqelriafm
i sd
ri t. ir lEsrrndlr
(b) Bdqc !ft eE iaid,
NQr(s
ui$, ura r,
r! B!trs€r
b E 6[oEd d de r ddia (fF+r
Gl Afrn b 4 raE kd reeid e! 4r
oddor{&pqr(Ferd.
hrBd5hd
B!d). otrsc qdudi! {d snFnsd o
6arbo hs qi ri
6ed).
br
itr | Pruwjdcn5@ obj{r6! h iE .
, r<!is
,bc tu dj€dit
tuo itr
(d) nd! Bo,ols eoiEs u qr$sd
(J
trdqpdadioror6c(slsd4!
u
rr ! mi' o.errsn otupDtr! rh
k$!ni
i b6cBoktueihjldio.rh
o)
or !r0md
(i)
Nr4a elioi rpons i![ h &oDr
@prdiE o,r&1!
rlLdft, $d bqlbnd b Erc. & dE
r
tod,l!
a^r h rhca$ d@Dd&r\ $!led b F f Evd$ bdqc s&rdg a
liq
u q&r ud* n,!h c@r{r (cxqr i cas d{r!rc
oigimi rie, rh! nlnlq
ug{!y) }h!6 Ndd h
idL E* ir rr,ffs ( o6ndh to 6c prcFld *s6D,
Do, | lqLrid hon, tu! lfLhr lqinn d
tr dc h&rds d@nELis (E4rnh. ftud, q
s!@$) shdL!t n mnhd b 6c Bad kq!
Flaoed \ Fqq,r\!
du q rnje!,
Per. oE ior o@$.rit
D rtu @ut)
drr
tso4llqj
rr'nd(hrcd
lhq
coo&
!@Nr
Ltur(ahhr, 6v nrE;r, q{ anFm'
otrod, ar (ii) . ! Fohdli
( LriLy i i
r c shdre or crPhL( d&rudDr),
uldbjds$dlLconFdvlh4ddGt
sdriIM
ordrtuhFieo,ibd
otuoinsonqr.di dc bid rref 6nq q lo!
cucEolGujddis,rddld.hE
s nulr
lrFccdr
dtrLrqILr illor
ieni r otr)u e5 6r s![
r ,i r.e hsi dDDr,
nu rd d do{r
( iredor,li
\ih.
! 4@rdu!c
Di $6i!
G) .o:orb64Prr4lq!4iFls
(b) .!6
bidsMre e{
Ec!rcc d rn.-
(r) cN f A r *rNfirr
$16' !s
[! Fqf ,,d.n
fi) cro4!ibi,drk.
(Eod pLu d
i
ft;,lFdi
F!
di 4urrc
b p
ft!or6cpruj,{ir(rorrqLtu
fdcprcnd,rc*snj]ndllhcBotro{.
r;d$
rf lotr!,s
6r Flnm(sj
P4ini oayI di. GJ
riorh
dfad! nide notr nso\! r$ual
16)dfdry
turnarA*noL
h rh! s$ o.mjoLc
8elptr(scnN!jc,sdqiedi,\pFd[l^ko,L',du/!n!htE
Naonai
Fk$ G\r ,Lq sc lwd or@!r!d), 6e Boi @rch&! 6n ft
@sFotuoED|!s&$edioEg.Lph
rcfuid do obbhhg 6e |&fs \b !r'
qir
rh! !o djlcdq_
!a! lsEd q d
4 D."&^
(s *) tu s;os !r.s or
!Fj{r a( ft rsEs rhFquLiidritr
!nii3 !oj4i
(r^!) e. de !!ohd!
rND dt hrd$4
uly b! oMid
6on dc
u
nidy$!gh'rru4jEDorlM
Digs'njDofdbsiry'etrdd6o,
d!ftrry
bi4 b $urc $tiirbo
qurennit
\ir
e$h h Ejdh!
ird
d,Le L
(rdDid
ud @orlNdd)
toatrd4r cliddiis
lrita4dt
1,
it|&td[{'Ly.Etr|(rurlF(bftl
tr 6rsr
I I da c4+ qi{
rdsDr$bj
nfi h d! qsci d$dtuir
$bnd b 6c
b!*liidbydElek,ho'adLi!il
['Asnddil|@3aPh2s,'r,doD
DcdisIJt&d,lD4do$l!il
hq@ri
$F4, s6 ddE Fj4r
br !.,,,\
dodidmlqAq[d&t3dcid3d'