Agreement between the Republic of Cape Verde and the International Development Association for a Loan Project on Water and Energy sectors

Artigo 2° Objectivo 0 credito objecto do presente diploma, no valor total de doze milhoes e quinhentos mil Direitos Especiais de Saqu~, destina-se ao financiamento do projecto "Ener- gia, Agua e Saneamento", cuja descri<;a.o consta do Anexo II do acordo ora aprovado.

Artigo 3° 2. Os poderes conferidos no n°1 deste artigo podem Comissao de serviQO e de engajamento ser delegados, mediante documento bastante.

Artigo 8° 1. Por fori;a!do Acordo de Credito a que se refere o presente diploma, o Governo de Caho Verde, na quali- Vigencia dade de muuuario, fica ohrigado ao cumprimento dos seguintes enceargos gerais: Este diploma entra imediatamente em vigor e o mencionado Acorda de Credito produzira efeitos em a) Pagamento de uma comissao de servic,;o de tres conformidade com o que nele se estipula. quartos de um porcento(0. 75%) ao ano sobre o rnontante do emprestimo desemholsado e Visto e Aprovado em Conselho de Ministros. ainda nao amortizado; Carlos Alberto Veiga -Antonio Gualberto do Rosario b) Pagamento de uma comissao de engajamento - Rui A. de Figueiredo Soares - Jose Ulisses Correia e de meio porcento(0.50%) ao ano sohre o mon- Silva. tante do emprestimo ainda nao desemhol- sado, sessenta dias ap6s a assinatura do Publique-se. Acorda de Credito. 0 Primeiro Ministro, Carlos Alberto Veiga. 2. A comi$sao de servic,;o e a comissao de engaja- mento, citadas no mimero anterior, deverao ser pagas de seis em seis meses, respectivamente, em um de Credit number 3205 CV Abril e em um de Outubro de cada ano. AgreementDevelopment Credit Agreement

Artigo 4° Amortizai;oes Agreement, dated June 3, 1999, between Republic of Cape Verde (the Borrower) and International Develop- 1. Nos termos do Acordo de Credito, flea ainda o ment Association (the Association). Governo de Caho Verde obrigado a amortizar o capital mutuado num periodo de trinta anos, ap6s um perfodo Whereas (A) the Borrower, having satisfied itself as de deferimento de dez anos a partir da data de assina- to the feasibility and priority of the Project described tura do Acorrlo, a razao de: in Schedule 2 to this Agreement, has requested the As- sociation to assist in the financing of the Project; a) Um porcento (1%) ao ano, para as prestac,;oes que comec,;am a um de Outubro de 2009 e ate (B) the Association has received a letter dated Ja- a prestac,;ao que se vence a um Abril de 2019 nuary 21, 1999, from the Borrower describing a pro- e gram of actions, objectives and policies designed to im- plement its . institutional reform and development b) Dois porcento (2%) ao ano para as subsequen- strategy in the energy and water sectors (the Program) tes prestac,;oes. and declaring the Borrower's commitment to the execu- tion of the Program; 2. A amortizac,;ao do capital sera feita em periodos semestrais e consecutivos, a um de Abril e um de Ou- (C) the Borrower intends to contract from the tubro de cadd. ano, vencendo-se a primeira prestac,;ao a OPEC Fund for International Development (the OPEC um Outubro de 2009. Fund) a loan (the OPEC rund Loan) in an amount equivalent to $4,500,000 to assist in financing the Pro-

Artigo 5Q ject on the terms and conditions to he set· forth in an Prazos agreement (the OPEC Fund Loan Agreement) to be en- tered into between the Borrower and the OPEC Fund; 0 prazo de utilizac,;ao do emprestimo cessa a 30 de Junho do ano 2004, ou em data posterior a fixar pela (D) by Agreement dated October 20, 1998 (the EU Associac,;ao Internacional para o Desenvolvimento em Grant Agreement), the European Union (EU) has concertac,;ao com o Governo. agreed to make a Grant (the EU Grant) to the Borro- wer in an aggregate principal amount of $7,500,000 to

Artigo 6Q assist in financing the Project on the tenns and condi- Descontos tions set forth in the EU Grant Agreement; Sohre as transferencias feitas pelo mutuario a favor (E) by Agreement dated October 28, 1996 (the Aus- da Associa~aio Internacional para o desenvolvimento, a trian Grant Agreement), Austria has agreed to make a titulo de amortizac,;ao do capital e dos demais encargos Grant (the Austrian Grant) to the Borrower in an ag- incidentes si,bre o emprestimo, nao recaem quaisquer gregate principal amount of $800,000 to assist in finan- descontos seja qual for a sua natureza. cing the Project on the terms and conditions set forth in the Austrian Grant Agreement;

Artigo 7° Poderes do Vice -Primeiro Ministro (F) the Borrower has also requested the Internatio- nal Bank for Reconstruction and Development (the 1. Sao c~eridos ao Vice-Primeiro Ministro os po- Bank), acting as an implementing agency of the Global deres necessarios para representar o Govemo de Caho Environment Facility (GEF) in respect of grant funds Verde junto da Associac,;ao Internacional para o Desen- provided to the Global Environment Facility Trust volvimento em quaisquer actos ou para efeitos de cum- Fund (the GEF Trust Fund) by certain members of the primento dfl quaisquer formalidades decorrentes da Bank as participants of the GEF, to provide additional execu~ao do 11cordo ora aprovado. assistance towards the financing of part of the Project; and by the Global Environment Facility Trust Fund (b) "BCV" means Banco de Cabo Verde, the Bor- Grant Agreement (the GEF Tru.st Fund Grant Agree- rower's Central Bank, established by the ment) of even date herewith, the Bank is agreeing to Borrower's Decree-Law (Decreto-Lei) No. 42/ provide such assistance in ah aggregate principal 93, dated July 15, 1993; amount equivalent to SDR 3,400,000; and (c) "Cape Verde Escudo" and "C.V. Esc." mean Whereas he Association has agreed, on the basis, the currency of the Borrower; inter alia, of the foregoing, to extend the Credit to the Borrower upon uhe terms and conditions set forth in (d) "ELECTRA" means Empresa Publica de Elec- this Agreement; tricidade e Agua, E. P., a public utility for power and water supply, established and Now therefore the parties hereto hereby agree as operating pursuant to its statutes enacted by follows: Decree of the Council of Ministers No. 37/82

Article I of the Borrower, dated April 17, 1982; General Conditions; Definitions (e) "Environmental Management Plan" means Section 1.01 the environmental management plan inclu- The "General Conditions Applicable to Development ded in the eighth chapter of the environmen- Credit Agreememts" of the Association, dated January tal impact assessment dated November 11, 1, 1985 (as amem.ded through December 2, 1997), with 1998; the modificationa set forth below, (the General Condi- (/) "INGRH" means the lnstituto Nacional de tions) constitute an integral part of this Agreement. Gestiio dos Recursos Htdricos, the Borrower's (a) A new paragraph (12) is added to Section national institute for water resource mana- 2.01 to read as set forth below, and the exis- gement, established and operating pursuant ting paragraphs (12) through ( 14) of said to its statutes enacted by Decreto Regula- Section are accordingly renumbered as para- mentar No. 126/92 of the Borrower, dated graphs (13) through (15): November 16, 1992; "12. 'Participating Country' means any country (g) "Initial Deposit" means an amount in C.V. that the Association determines meets the Esc. equivalent to U.S. dollars 100,000 refer- requirements set forth in Section 10 of Reso- red to in Section 3.04 (b) of this Agreement; lution No. 183 of the Board of Governors of the Aasociation, adopted on June 26, 1996; (h) "MAAA" means Ministerio da Agricultura, and 'Participating Countries' means, collecti- Alimenta,;iio e Ambiente, the Borrower's Mi- vely, all such countries." nistry of Agriculture, Food and Environ- ment; (b) The second sentence of Section 5.01 is modi- fied to read: (i) "MCIE" means Ministerio do Comercio, Indus- tria e Energia, the Borrower's Ministry of "Except as the Borrower and the Association shall Trade, Industry and Energy; otherwise agree, no withdrawals shall be made: (a) on account of expenditures in the (j) "Midterm Review" means the midterm review territories of any country which is not a Pare referred to in paragraph 4 of Schedule 4 to ticipating Country or for goods produced in, this Agreement; or sel"Vices supplied from, such territories; or (b) for the purposes of any payment to per- (k) "MIH" means Ministerio das Infraestructuras sons or entities, or for any import of goods, if e Habita,;ao, the Borrower's Ministry of In- such payment or import, to the knowledge of frastructure and Housing; the Administrator, is prohibited by a deci- sion of the United Nations Security Council (l) "OVPM" means the Borrower's Office of the taken under Chapter VII of the Charter of Vice Prime Minister; the United Nations." (m) "PMU" means the Project Management Unit Section 1.02 within OVPM which will be responsible for the overall implementation of the Project, es- Unless the context otherwise requires, the several terms defined in the General Conditions and in the tablished and operating under the Borro- Preamble to this Agreement have the respective mea- wer's Decree No. 40-A/98 dated August 27, nings therein set forth, and the following additional 1998 and referred to in paragraph 1 of Sche- terms have the following meanings: dule 4 to this Agreement; (a) "Adviaory Committee" means the committee (n) "Point of Sale" means that the Borrower has consisting of representatives of the Borro- (i) carried out a valuation of ELECTRA; (ii) wer's public sector, its private sector, regula- prepared a prospectus or dossier for ELEC- tory institutions and water and energy TRA; (iii) solicited offers for ELECTRA di- consumers, to be established pursuant to rectly or through advertisement(s) in appro- Section 6.01 (d) of this Agreement and refer- priate newspapers or other appropriate red to in paragraph 1 (a) of Schedule 4 to forms of advertisement; (iv) evaluated any this Agreement, which will be responsible such offers and selected successful bidder{s); for advising the PMU (as hereinafter defi- and (v) invited the successful bidder(s) to ned) on cross-sectoral issues; enter into good faith negotiations; (o) "Project Account" means the account referred such date and to pay all unpaid charges the- to in Section 3.04 of this Agreement; reon. The unwithdrawn balance of the au- thorized amount of the Project Preparation (p) "~j'ect Coordinator" means the Project Co- Advance shall thereupon be canceled. ordinator who is also the Director of the PMU referred to in paragraph 1 of Schedule Section 2. 03 4 to this Agreement; The Closing Date shall be June 30, 2004 or such (q) "Project Implementation Manual" means the later date as the Association shall establish. The Asso- manual referred to in paragraph 2 of Sche- ciation shall promptly notify the Borrower of such later dule 4 to this Agreement containing, inter date. alia, work plans, training plans, the monito- Section 2.04 ring and performance indicators referred to (a) The Borrower shall pay to the Association a in paragraph 4 (a) of Schedule 4 to this commitment charge on the principal amount AgJreement and ptocedures to be used for the of the Credit not withdrawn from time to purposes of implementation of the Projec11, time at a rate to be set by the Association as as they may be amended from time to time of June 30 of each year, but not to exceed the in consultation with the Association, and rate of one-half of one percent (1/2 of 1%) per such term includes any schedules to the Pro- annum. ject Implementation Manual; (b) The commitment charge shall accrue: (r) "Project Preparation Advance" means the pr~ject preparation advance granted by th~ (i) from the date sixty days after the date of Association to the Borrower pursuant to an this Agreement (the accrual date) to the res- exchange of letters dated October 7, 199'17 pective dates on which amounts shall be and October 20, 1997 between the Borrower withdrawn by the Borrower from the Credit and the Association; Account or canceled; and (s) "SEPA" means the Becretariado Executivo (ii) at the rate set as of the June 30 immedia- Para o Ambiente, the Borrower's Executive tely preceding the accrual date and at such Secretariat for Environment within MAM; other rates as may be set from time to time and thereafter pursuant to paragraph (a) above. The rate set as of June 30 in each year shall (t) "Sp~cial Account" means the account referred be applied from the next date in that year to li.n Section 2.02 (b) of this Agreement. ~pecified in Section 2.06 of this Agreement.

Article II (c) The commitment charge shall be paid: The Credit (i) at such places as the ASl>ociation shall Section 2.01. reasonably request; The Association agrees to lend to the Borrower, on (ii) without restrictions of any kind imposed the terms and conditions set forth or referred to in the by, or in the territory, of, the Borrower; and Development Credit Agreement, an amount in various (iii) in the currency specified in this Agree- currencies equivalent to twelve million five hundred ment for the purposes of Section 4.02 of the thousand Spiecial Drawing Rights (SDR 12,500,000). General Conditions or in such other eligible currency or currencies as may from time to Section 2.02. time be designated or selected pursuant to (a} The amount of the Credit may be with- the provisions of that Section. drawn from the Credit Account in accor- Section 2.05 d81Ilce with the provisions of Schedule 1 to this Agreement for expenditures made (or, if The Borrower shall pay to the Association a service the Association shall so agree, to be made) in charge at the rate of three-fourths of one percent (3/4 re,pect of the reasonable cost of goods anti of 1%) per annum on the principal amount of the Cre- services required for the Project described in dit withdrawn and outstanding from time to time. Schedule 2 to this Agreement and to be fi- Section 2.06 n&inced out of the proceeds of the Credit. Commitment charges and service charges shall be (b) The Borrower may, for the purposes of the payable semiannually on April 1 and October 1 in each Project, open and maintain in dollars a spe- year. cial deposit account in BCV on terms and Section 2.07 conditions satisfactory to the Association. (a) Subject to paragraphs (b), (c) and (d) below, Deposits into, and payments out of, the Spe- cial Account shall be made in accordance the Borrower shall repay the principal wilth the provisions of Schedule 5 to thils amount of the Credit in semiannual install- Agreement. ments payable on each April 1 and October 1, commencing October 1, 2009 and ending (c) Prumptly after the Effective Date, the Asso- April 1, 2039. Each installment to and inclu- ciation shall, on behalf of the Borrower, ding the installment payable on April 1, wilthdraw from the Credit Account and paiy 2019 shall be one percent (1%) of such princi- to itself the amount required to repay the pal amount, and each installment thereafter principal amount of the Project Preparation shall be two percent (2%) of such principal Acllvance withdrawn and outstanding as Bf amount. (b) Whenever shall carry out Parts A, B, C. l, C.3 and E of the Project through OVPM and Parts C.2 (i) the Borrower's per capita gross national product lGNP), as determined by the Asso- and D of the Project through MIH with due ciation, shall have exceeded for three conse- diligence and efficiency and in conformity cutive years the level established annually with appropriate administrative, financial, by the Association for determining eligibility engineering, environmental and water and to access the Association's resources; and energy sector practices and shall provide, promptly as needed, the funds, facilities, ser- (ii) the Bank shall consider the Borrower cre- vices and other resources required for the ditworthy for Bank lending, the Association Project. may, subsequent to the review and approval thereof by the Executive Directors of the As- (b) Without limitation upon the provisions of pa- sociation and after due consideration by ragraph (a) of this Section, and except as the them of the development of the Borrower's Borrower and the Association shall other- economy, modify the repayment of install- wise agree, the Borrower shall carry out ments under paragraph (a) above by: Parts A, B, C.1, C.3 and E of the Project through OVPM and Parts C.2 and D of the (A) requiring the Borrower to repay twice Project through MIH in accordance with the the amount of each such installment not yet due until the principal amount of the Implementation Program set forth in Sche- Credit shall have been repaid; and dule 4 to this Agreement. Section 3.02 (B) requiring the Borrower to commence repayment of the principal amount of the Except as the Association shall otherwise agree, pro- Credit as of the first semiannual pay- curement of the goods, works and consultants' services ment date referred to in paragraph (a) required for the Project and to be financed out of the above falling six months or more after proceeds of the Credit shall be governed by the provi- the date on which the Association noti-• sions of Schedule 3 to this Agreement. fies the Borrower that the events set out in this paragraph (b) have occurred, pro- Section 3.03 vided, however, that there be a grace period of a minimum of five years on For the purposes of Section 9.07 of the General such repayment of principal. Conditions, and without limitation thereto, the Borro- wer shall: (c) If so requested by the Borrower, the Associa- tion may revise the modification referred ta ( a) prepare, on the basis of guidelines acceptable in paragraph (b) above to include, in lieu oil' to the Association, and furnish to the Asso- some or all of the increase in the amounts off ciation not later than six (6) months after such installments,, the payment of interest the Closing Date or such later date as may at an annual rate agreed with the Associa- be agreed for this purpose between the Bor- tion on the principal amount of the Credit rower and the Association, a plan for the fu- withdrawn and outstanding from time to ture operation of the Project; and time, provided that, in the judgment of the Association, such revision shall not change (b) afford the Association a reasonable opportu- the grant element obtained under the above• nity to exchange views with the Borrower on mentioned repayrr ent modification. said plan. (d) If, at any time after a modification of terms Section 3.04 pursuant to paragraph (b) above, the Asso• ciation determines that the Borrower's eco. Without limitation upon its obligations under Sec- nomic condition has deteriorated signifi• tion 3.01 of this Agreement, the Borrower shall: cantly, the Associjation may, if so requested by the Borrower, further modify the terms of (a) open and maintain an account (the Project repayment to conform to the schedule of in- Account) in C.V. Esc. in BCV on terms and stallments as pll'ovided in paragraph (a) conditions satisfactory to the Association; ab<Jve. (b) promptly thereafter, deposit the Initial Depo- Section 2.08 sit into such account to finance the Borro- wer's contribution to the Project; The currency of the United States of America is he- reby specified for the purposes of Section 4.02 of the (c) deposit into the Project Account in January, General Conditions. April, July and October of each year, until

Article III the completion of the Project, such amounts as shall be required to replenish in a timely Execution 0£ the Project manner the Project Account in an amount Section 3.01 equal to at least the expected expenditures of the following quarter; and (a) The Borrower decl~res its commitment to th~ objectives of the Jj>roject as set forth in Sche- (d) use the Project Account funds exclusively to dule 2 to this Agreement and, to this end, finance expenditures under the Project. Miele IV (a) a situation shall have arisen which shall Financial Covenants make it improbable that the Program or a si- gnificant part thereof will be carried out· Section 4.01. ' (b) the OPEC Fund Loan Agreement shall have (a) The Borrower shall maintain, or cause to be failed to become effective by December 31, :maintained, re~ords and accounts adequate to reflect, in aacordance with sound accoun- 2000, or such later date as the Association ting practices, the operations, resources and may agree; provided, however, that the pro- visions of this paragraph shall not apply if expenditures irl respect of the Project of the departments or agencies of the Borrower res- the Borrower establishes to the satisfaction ponsible for carrying out the Project or any of the Association that adequate funds for the Project are available to the Borrower part thereof. from other sources on terms and conditions (b) 'nl.e Borrower shall: consistent with the obligations of the Borro- wer under this Agreement; and (i) have the records and accounts referred to in paragraph (a) 0£ this Section, including those (c) (i) subject to subparagraph (ii) of this pa- for the Special Account, for each fiscal year ragraph: audited, in accotrdance with appropriate au- diting principles consistently applied, by in- (A) the right of the Borrower to withdraw dependent auditors acceptable to the Asso- the proceeds of any grant or loan made to cili.tion; the Borrower for the financing of the Pro- ject sh~l have been suspended, canceled (ii) furnish to the Association, as soon as avai- or ternunated in whole or in part pur- laible, but in any case not later than six suant to the terms of the agreement pro- ID10nths after the end of each such year, the viding therefor; or report of such audit by said auditors, of such (B) any such loan shall have become due sCIOpe and in su~h detail as the Association and payable prior to the agreed maturity snall have reasonably requested; and thereof. (iii) furnish to the Association such other infor- (ii) subparagraph (i) of this paragraph shall mation concerning said records and accounts and the audit thereof as the Association shall not apply if the Borrower establishes to the satisfaction of the Association that: fn,m time to time reasonably request. (c) Fot all expenditures with respect to which (A) such suspension, cancellation, termina- withdrawals frotn the Credit Account were tion or prematuring is not caused by the miade on the basis of statements of expendi- failure of the Borrower to perform any of its obligations under such agreement· tm·e, the Borrower shall: and ' (i) maintain or calflSe to be maintained, in ac- cordance with paragraph (a) of this Section, (B) adequate funds for the Project are avai- reeords and accounts reflecting such expendi- lable to the Borrower from other sources on terms and conditions consistent with tures; the obligations of the Borrower under (ii) retain, until at least one year after the .As- this Agreement. sociation has received the audit report for Section 5.02 the fiscal year in which the last withdrawal from the Credit Account was made, all re- Pursuant to Section 7.01 of the General Conditions cords (contracts, orders, invoices bills re- the followi!lg ad~tional event is specified, namely, th~ ceipts and other documents) evide~cing ~uch event specified m paragraph (c) (i) (B) of Section 5.01 expenditures; of this Agreement shall occur, subject to the proviso of paragraph (c) (ii) of that Section. (iii) enable the Association's representatives to examine such records; and Article VI Effective Date; Termination (iv) ensure that such records and accounts are included in the annual audit referred to in Section 6.01 paJtagraph (b) of this Section and that the re- port of such audit contains a separate opi- The following events are specified as additional nion by said auditbrs as to whether the state- e~nditions to the _en:ectiveness of the Development Cre- dit Agreement within the meaning of Section 12.01 (b) ments of expenditure submitted during such of the General Conditions: fiscal year, together with the· procedures and internal controls involved in their prepara- (a) the Borrower has appointed the independent tioP, can be relied upon to support the rela- auditors referred to in Section 4.01 (b) of this ted withdrawals. Agreement, in accordance with the provi-

Article V sions of Section II of Schedule 3 to this· Agreement; Remedies of the Association Section 5.01 (b) thi: ~oject A~ount has been opened and the Imtial Deposit referred to in Section 3.04 (b) Pursuant oo Section 6.02 (1) of the General Condi- of this Agreement has been deposited the- tions, the follbwing additional events are specified: rein; (c) the PMU has been established in accordam;e In witness whereof, the parties hereto, acting with the provisions of paragraph 1 (b) of through their duly authorized representatives, have Schednle 4 to this Agreement; caused this Agreement to be signed in their respective (d) the Advisory Committee has been establis- names in the District of Columbia, United States of hed; America, as of the day and year first above written. (e) the Borrower has taken all steps within its Republic of Cape Verde, Amilcar Spencer Lopes;, control to bring ELECTRA to the Point (l)f Authorized Representative Sale; International Development Association, Jean- (f) the Borrower has approved the Environmen- Louis Sarbib, Regional Vice President Africa tal Management Plan; SCHEDULE 1 (g) the Borrower has released to any prequali- fied firms the final documentation, in form Withdrawal of the Proceeds. of the Credit and substance satisfactory to the Associa- tion, relating to the privatization of ELEC- 1. The table below sets forth the Categories of TRA; and items to be financed out of the proceeds of the Credit, the allocation of the amounts of the Credit to each Ca- (h) the Borrower has promulgated, in form and tegory and the percentage of expenditures for items so substance satisfactory to the Association, an to be financed in each Category: electricity law, a water and sanitation law and a regulatory agency law, such laws to in- Amount of the clude any ancillary laws regarding regula- Credit Allocated %of tory arrangements. (Expressed in Expenditures Category SDR Equivalent) to be Financed Section 6.02 (1) Works: 100% of foreign The date ontl hundred and twenty (120) days after the expenditures and date of this Agreement is hereby specified for the purr poses of Section 12.04 of the General Conditions. (a) for Part C.2 2,200,000 80% of local

Article VII expenditures ReprP.sentative of the Borrower; Addresses (b) for Part D 650,000 Section 7.01. The Minister of the Borrower at th¢ (c) for Part A.6 320,000 time responsible for finance is designated as represen· tative of the Borrower for the purposes of Section 11.03 (d) for Part B.2 700,000 of the General Conditions. (2) Goods: 100% of foreign Section 7.02. The following addresses are specified expenditures and for the purpdses of Section 11.01 of the General Condi- tions: (a) for Part A.5 2,100,000 90% of local For the Borrower: expenditures Office of the Vice Prime Minister (b) for Parts A.2, A.3, 1,200,000 C.P. 30 A.4, C.1, C.3, D and E Praia, (3) Consultants' services, 100% Cabo Verde studies and training: Cable address: Telex: (a) for Part A 650,000 COQRDENACAO 608 MCECV (b) for Parts C and D 1,600,000 Cape Verde (c) for Part E.l 800,000 For the Association: (d) for Part E.2 250,000 International Development Association ( 4) Refunding of 1,100,000 Amount due Project Preparation pursuant 1818 H Street, N.W. Advance to Section 2.02 (c) of this Agreement Washihgton, D.C. 20433 United States of America (5) Unallocated 930,000 Cable address: Telex: INDEVAb 248423 (MCI) or TOTAL 12,500,000 Washington, D.C. 64145 (MCI) ========= 2. For the purposes of this Schedule: 4. Strengthening the capacity of MCIE to (a) the term "foreign expenditures" means expen- (i) formulate energy sector policies and strate- di~s in the cwrrency of any country other gies; than that of the Borrower for goods or servi- ces supplied from the territory of any coun- (ii) coordinate and monitor the development of try other than that of the Borrower; and the energy sector;and (b) the term "local expenditures" means expendi- (iii) prepare and update statistical data, tures in the currency of the Borrower or for through the provision of technical advisory goods or services supplied from the territory services, training of personnel, studies, and of the Borrower. the acquisition of vehicles and equipment. 3. Notwithstanding the provisions of paragraph 1 5. Extension of the supply of electricity to about above, no withdrawals shall be made in respect of pay- 4000 new customers in peri-urban and secondary ments made for expenditures prior to the date of tlili; urban centers, through the provision of technical advi- Agreement. sory services and the acquisition of equipment. 4. The Association may require withdrawals from 6. Design and implementation of a program to im- the Credit Account to be made on the basis of state- prove the negative environmental impact of power ge- ments of expenditure for: neration and desalinated water production facilities, through the provision of technical advisory services, (i) goods not exceeding $100,000 equivalent; and the installation and acquisition of equipment and related works. (ii) services of consulting firms under contract/S not exceeding $100,000 equivalent; Part B: Renewable Energy Promotion and Deve- lopment (iii) services of individual consultants under contracts not exceeding $50,000; and 1. Promotion and development of renewable energy resources, including the extension of up to 7.8 MW of (iv) training undet contracts not exceeding grid-connected wind farms in Praia, Mindelo, and Sal, $50,000, under such terms and conditions a,s through the provision of technical advisory services, the Association shall specify by notice to the training of personnel, studies, and the acquisition and Borrower. installation of equipment. SCHEDULE2 2. Installation of decentralized wind and photovol- Description of the Project taic public and individual systems for community and household use, through the provision of technical advi- The objectives of the Project are to (i) improve the sory services, training of personnel, studies, and the quality and extend the coverage of electricity, potable acquisition and installation of equipment. water and sanitation systeims in the Borrower's terri- tory; (ii) reduce the costs of water and power service$; Part C: Water Sector Reform and Development (iii) increase operational and end-use efficiency in the 1. Reform and development by the Borrower of the power and water sectors; {iv) remove restrictions on water sector, including the development of clean, renewable energy sources; and (v) foster sound management of water resources. (a) reform. of the urban water production and sup- ply systems; The Projecct consists of the following parts, subject to such modifications thereof as the Borrower and the A$- (b) establishment of autonomous municipal enter- sociation may agree upon from time to time to achieve prises to improve water distribution and pro- such objectives: vide wastewater treatment services; Part A: Power Sector Reform and Development (c) facilitation of private sector participation in the ownership and operation of the said autono- 1. Carrying out the privatization of ELECTRA, illJ.- mous municipal enterprises; and cluding, inter alia, assisting the Borrower with the evaluation Qf bids and contracts in respect of such prii- (d) strengthening of the legal and regulatory fra- vatization through the provision of technical advisoll'Y mework for the water sector, all through the services. carrying out of studies, the acquisition of ve- hicles and equipment, and the provision of 2. Strengthening the institutional, legal and reglil- training and technical advisory services. latory framework for the power sector, through the provision of technical advisory services, training of per- 2. Extension and rehabilitation by MIH of the pri- sonnel, studies, and the acquisition of vehicles and mary and secondary water distribution network and equipment. water production systems in Praia, Mindelo, Asso- mada, and other secondary centers, through the acqui- 3. Design and implementation of a program to sition of equipment, civil works, and the provision of strengthen the Borrower's capacity to promote ene~- technical advisory services. efficient equipment and demand-side management of the energy sector, through the provision of technical 3. Strengthening of the operational and research advisory services, trainin~ of personnel, studies, and capabilities of INGRH, including its capacity to formu- the acquisition of equipmeril.t. late sound water policy and develop policies for effi- cient water end-use and water resources regulation sions of paragraphs 2.9 and 2.10 of the Gui- and manageD11ent, through the provision of technical delines. advisory services and training, and the acquisition of vehicles and equipment. (b) Grouping of Contracts Part D: Sanitation Development To the extent practicable, contracts for goods shall be grouped in bid packages estimated Carrying out by MIH of (i) the extension of sanita- to cost US$200,000 equivalent or more each. tion systems in Praia; (ii) the improvement of sanita- tion systems in Assomada; (iii) the design and cons- Part C: Other Procurement Procedures truction of wastewater reuse systems in Praia; and International Shopping (iv) sanitation studies, through the acquisition of equipment, cilvil works, and the provision of training Goods estimated to cost less than US$50,000 equi- and technical advisory services. valent per contract, up to an aggregate amount not to Part E: Prqject Coordination and Management exceed US$350,000 equivalent, may be procured under contracts awarded on the basis of international shop- 1. Strengthening of the capacity of the PMU to co- ping procedures in accordance with the provisions of ordinate, supervise and monitor the execution of the paragraphs 3.5 and 3.6 of the Guidelines. Project, through the provisiOID. of training of its person- nel, studies, technical advisoey services, auditing servi- Part D: Review by the Association of Procure• ces, and the acquisition of vehicles and equipment. ment Decisions 2. Design and implementation of an environmental 1. Procurement Planning management program with the collaboration of SEPA, Prior to the issuance of any invitations to prequalify through the provision of training of its personnel, stu- for bidding or to bid for contracts, the proposed procu- dies, technical. advisory services, and the acquisition of rement plan for the Project shall be furnished to the equipment. Association for its review and approval, in accordance with the provisions of paragraph 1 of Appendix 1 to the *** Guidelines. Procurement of all goods and services shall The Project is expected to be completed by December be undertaken in accordance with such procurement 31, 2003. plan as shall have been approved by the Association and with the provisions of said paragraph 1. SCHEDULE3 2. Prior Review Procurement and Consultants' Services With respect to each ICB contract estimated to cost . Section I.Procurement of Goods and Works the equivalent of US$100,000 or more, the procedures set forth in paragraphs 2 and 3 of Appendix 1 to the Part A: General Guidelines shall apply. 1. Goods and works shall be procured in accor- 3. Post Review dance with (aO the provisions of Section I of the "Guide- lines for Procurement under IBRD Loans and IDA Cre- With respect to each contract not governed by para- dits" published by the Bank in January 1995 and graph 2 of this Part, the procedures set forth in para" revised in Jam.uary and August 1996 and in September graph 4 of Appendix 1 to the Guidelines shall apply. 1997 and January 1999, subject to the modifications thereto set fe1>rth in paragraph 2 of this Part A (the Section II.Employment of Consultants Guidelines); and (b) the provisions of the following Part A: General Parts of this Section I. 1. Consultants' services shall be procured in accor- 2. In paragraphs 1.6 and 1.8 of the Guidelines, the dance with (a) the provisions of the Introduction and references to "Bank membar countries" and "member Section N of the "Guidelines: Selection and Employ- country" shall be deemed to be references, respectively, ment of Consultants by World Bank Borrowers" publis- to "Participating Countries" and "Participating Coun- hed by the Bank in January 1997 and revised in Sep- try." tember 1997 and January 1999, subject to the Part B: International Cobi.petitive Bidding (ICB) modifications thereto set forth in paragraph 2 of this Part A (the Consultant Guidelines); and (b) the provi- 1. Except as otherwise provided in Part C of this sions of the following Parts of this Section II. Section, goods shall be proc1ilred under contracts awar• ded in accordance with the: provisions of Section II of 2. In paragraph ,1.10 of the Consultant Guidelines, the Guidelines and paragra~h 5 of Appendix 1 thereto. the references to "Bank member countries" and "mem- ber country" shall be deemed to be references, respecti- 2. The foBowing provisions shall apply to goods to vely, to "Participating Countries" and "Participating be procured under contracts awarded in accordance Country." with the provisions of paragraph 1 of this Part B. Part B: Quality- and Cost-Based Selection (a) Prequalification Except as otherwise provided in Part C of this Sec- Bidders for contracts for works estimated to tion, consultants' servi~es shall be procured under cost US$1,000,000 equivalent or more shall contracts awarded in accordance with the provisions of be prequalified in accordance with the provi~ Section II of the Consultant Guidelines, paragraph 3 of Appendix 1 thereto, Appendix 2 thereto, and the provi- SCHEDULE4 sions of paragraohs 3.13 through 3.18 thereof applica+ ble to quality- and cost-based selection of consultants. Implementation Program Part C: Other Procedu1tes for the Selection of 1. PMU and Advisory Committee Consultants (a) The Borrower shall maintain the PMU and 1. Least-Cost Selection the Advisory Committee until the completion of the Project. Services for auditing, estimated to cost less than US$200,000 equivalent per contract, may be procured (b) The PMU shall maintain, until the completion under contracts awarded in accordance with the provi+ of the Project, a Project Coordinator and sions of paragraphs 3.1 and 3.6 of the Consultant Gui+ competent staff in adequate numbers, all delines. with terms of reference, qualifications and experience acceptable to the Association, and 2. Individual Consultants an accountant who shall be employed in ac- Tasks that meet the requirements set forth in pa- cordance with the provisions of Section II of ragraph 5.01 of the Consultant Guidelines shall be pro• Schedule 3 to this Agreement. The Project cured under contracts awarded to individual consul• Coordinator shall be responsible for the su- tants in accordance with the provisions of paragraphs pervision and coordination of the day-to-day 5.1 through 5.3 of the Consultant Guidelines. management of the Project. The accountant shall, inter alia, assist the Borrower in car- Part D:Review by the Association of the Selec- rying out the obligations set forth in Section tion of Consultants 4.01 (a) of this Agreement. 1. Selection Planning 2. Project Implementation Manual Prior to the issuance to consultants of any requests The Borrower shall carry out the Project in accor- for proposals, the proposed plan for the selection of dance with procedures set out in the Project Implemen- consultants under the Project shall be furnished to the Association for its review and approval, in accordance tation Manual and, except as the Association shall with the provisions of par~graph 1 of Appendix 1 tQ otherwise agree, shall not .amend or waive any provi- the Consultant Guidelines. Selection of all consultantsT sion thereof, if such amendment or waiver may, in the services shall be undertaken in accordance with such opinion of the Association, materially or adversely af- selection plan as shall have been approved by the As• fect the implementation of the Project. sociation, and with the provisions of said paragraph 1. 3. Progress Reports 2. Prior Review The Project Coordinator shall be responsible for (a) With respect to each contract for the employ- the preparation and the transmittal to the Association, ment of consulting firms estimated to cost promptly after the end of each calendar semester and the equivalent of US$100,000 or more, but in any case not later than January 31 and July 31 of less than the equivalent of US$200,000, the each year, of a detailed report regarding the progress procedures set forth in paragraphs 1, 2 in carrying out the Project during the preceding calen- (other than the second subparagraph of pa- dar semester. ragraph 2(a)) and 5 of Appendix 1 to th~ Consultant Guidelines shall apply. 4. Performance Indicators and Midterm Review (b) With respect to each contract for the employ- The Borrower shall: ment of consulting firms estimated to cost the equivalent of US$200,000 or more, the (a) maintain policies and procedures adequate to procedures set forth in paragraphs 1, 2 enable it to monitor and evaluate on an on- (other than the third subparagraph of para- going basis, in accordance with the perfor- graph 2(a)) and 5 of Appendix 1 to thfr. mance indicators agreed upon between the Consultant Guidelines shall apply. Borrower and the Association, the carrying out of the Project and the achievement of the (c) With respect to each contract for the employ• objectives thereof; ment of individual consultants estimated tel> cost the equivalent of US$50,000 or mor~, (b) carry out, jointly with the Association, not the qualifications, experience, terms of refe~ later than December 31, 2001, the Midterm rence, and terms· of employment of the Review. The Midterm Review shall cover, consultants shall be furnished to the As~ among other things ciation for its prior review and approval. Th~ contract shall be awarded only after said ap- (i) progress made in meeting the Project's ob- proval shall have been given. jectives; 3. Post Review (ii) overall Project performance against Project performance indicators; With respect to each contract not governed by pa- ragraph 2 of this Part, the procedures set forth in pa- (iii) implementation of the Program and, in ragraph 4 of Appendix 1 to the Consultant Guidelines particular, its privatization and regulatory shall apply. components; and (iv) quality of the advisory services under the $500,000 until the aggregate amount of with- Project; drawals from the Credit Account plus the total amount of all outstanding special com- (c) at least three (3) weeks prior to the Midterm mitments entered into by the Association Review, f1,ll'Ilish to the Association a report pursuant to Section 5.02 of the General describing the status of the items listed in Conditions shall be equal to or exceed the paragraph (a) above and of Project imple- equivalent of SOR 3,000,000. mentation generally; and 2. Payments out of the Special Account shall be (d) not later than four {4) weeks after the Mid- made exclusively for eligible expenditures in accor- term Review, prepare an action program ac- dance with the provisions of this Schedule. ceptable to the AsSQciation for further imple- mentation of the Project having regard to 3. After the Association has received evidence satis- the findings of the Midterm Review and, the- factory to it that the Special Account has been duly reafter, implement $uch action program. opened, withdrawals of the Authorized Allocation and subsequent withdrawals to replenish the Special Ac- 5. Other Covenants count shall be made as follows: (a) The Borrower shall1 in accordance with the (a) For withdrawals of the Authorized Allocation, provisions of Section II of Schedule 3 to this the Borrower shall furnish to the Association Agreement, a request or requests for deposit into the (i) not later than March 31, 2000, select private Special Account .of an amount or amounts concessionaires for the commercialization of which do not exceed the aggregate amount of public and private photovoltaic and wind sys- the Authorized Allocation. On the basis of tems; and such request or requests, the Association shall, on behalf of the Borrower, withdraw (ii) not later than June 30, 2000, execute from the Credit Account and deposit into the concession agreements, in form and sub- Special Account such amount or amounts as stance satisfactory to the Association, with the Borrower shall have requested. such private concessionaires. (b) (i) For replenishment of the Special Account, (b) The Borrower shall, not later than December the Borrower shall furnish to the Association 31, 2001, execute concession agreements, in requests for deposits into the Special Ac-- form and substance satisfactory to the Asso- count at such intervals as the Association ciation, with the municipality of Assomada shall specify. for the exploitation of water and sanitation systems in the municipality of Assomada. (ii) Prior to or at the time of each such request, the Borrower shall furnish to the Association (c) The Borrower shall, not later than December the documents and other evidence required 31, 2002, execute agreements, in form and pursuant to paragraph 4 of this Schedule for substance satisfactory to the Association, the payment or payments in respect of which with private concessionnaires for the future replenishment is requested. On the basis of maintenance and eKploitation of public pho- each such request, the Association shall, on tovoltaic systems. behalf of the Borrower, withdraw from the Credit Account and deposit into the Special SCHEDULES Account such amount as the Borrower shall Special Aecount have requested and as shall have been shown by said documents and other evidence 1. For the purposes of this Schedule: to have been paid out of the Special Account for eligible expenditures. All such deposits (a) the term "eligible Categories" means Catego- shall be withdrawn by the Association from ries (1) through (3) set forth in the table in the Credit Account under the respective eli- paragraph 1 of Sdhedule 1 to this Agree- gible Categories, and in the respective equi- ment; valent amounts, as shall have been justified by said documents and other evidence. (b) the term "eligible expenditures" means expen- ditures in respect of the reasonable cost of 4. For each payment made by the Borrower out of goods and services' required for the Project the Special Account, the Borrower shall, at such time and to be financed out of the proceeds of the as the Association shall reasonably request, furnish to Credit allocated frdm time to time to the eli- the Association such documents and other evidence gible Categories in accordance with the pro- showing that such payment was made exclusively for visions of Schedule 1 to this Agreement; and eligible expenditures. (c) the term "Authorized Allocation" means an 5. Notwithstanding the provisions of paragraph 3 amount equivalent to $1,000,000 to be with- of this Schedule, the Association shall not be required drawn from the Credit Account and deposi- to make further deposits into the Special Account: ted into the Special Account pursuant to pa- ragraph 3 (a) of this Schedule, provided, (a) if, at any time, the Association shall have de- however, that unless the Association shall termined that all further withdrawals otherwise agree, the Authorized Allocation should be made by the Borrower directly shall be limited to an amount equivalent to from the Credit Account in accordance with the provisions of Article V of the General (d) Refunds to the Association made pursuant to Conditions and p~ragraph (a) of Section 2.02 paragraph 6 (a), (b) and (c) of this Schedule of tbi&,Agreement; shall be credited to the Credit Account for subsequent withdrawal or for cancellation in (b) if the Borrower shall have failed to furnish to accordance with the relevant provisions of the Association, within the period of time this Agreement, including the General specified in Section 4.01 (b) (ii) of this Agree- Conditions. ment, any of the audit reports required to be furnished to the Association pursuant to Credito mimero 3205 CV said Section in r~spect of the audit of the re- cords and accounts for the Special Account; Acordo de Credito (c) if, at any time, the Association shall have noti- Acordo assinado a 3 de Junho de 1999 entre a RRe- fied the Borrower of its intention to suspend ptiblica de Cabo Verde (o Mutuario) ea Associa<;ao In- in whole or in part the right of the Borrower ternacional de Desenvolvimento (a Associa~ao). to make withdrawals from the Credit Ac- count pursuant to the provisions of Section Considerando que: (A) o Mutuario, convencido da 6.02 of the General Conditions; or viabilidade e prioridade do Projecto descrito no Anexo 2 do presente Acordo, solicitou a Associa~ao que pres- (d) once the total unwithdrawn amount of the Credit allocated to the eligible Categories, tasse assistencia no financiamento do Projecto; minus the total amount of all outstanding (BJ a Associa<;ao recebeu uma carta do Mutuario da- special commitments entered into by the As- tada de 21 de Janeiro de 1999 contendo uma descri~ao sociation pursuant to Section 5.02 of the Ge- de um programa de ac~ao, os objectivos e as medidas neral Conditions with respect to the Project, de politica a tomar com vista a executar a reforma in- shall equal the equivalent of twice the stitucional e a sua estrategia para o desenvolvimento amount of the Authorized Allocation. dos sectores electrico e hidrico (o Programa) e na qual o Thereafter, withdrawal from the Credit Account of Mutuario declarava o seu empenhamento na execu~ao the remaining unwithdrawn amount of the Credit allo- do Programa; cated to the eligible Categories shall follow such proce- dures as the Association shall specify by notice to the (C) o Mutuario tenciona obter do Fundo da OPEC Borrower. Such further Withdrawals shall be made para o Desenvolvimento Internacional (o Fundo da only after and to the extent that the Association shall OPEC) um emprestimo (o Emprestimo do Fundo da have been satisfied that alll such amounts remaining OPEC) num montante equivalente a USO$ 4.5000.000 on deposit in the Special Account as of the date of such para auxiliar no financiamento do Projecto, em termos notice will be utilized in making payments for eligible e condi~oes a serem estabelecidos num acordo (o expenditures. Acordo do Emprestimo do Fundo da OPEC) a ser concluido entre o Mutuario e o Fundo da OPEC. 6.(a)If the Association shall have determined at any time that any payment out of the Spe- (D) mediante um Acordo datado de 20 de Outubro de cial Account (i) was made for an expenditure 1998, (o Acordo da Doa~ao da UE), a Uniao Europeia or in an amount not eligible pursuant to pa- (UE) concordou em conceder ao Mutuario uma doa~ao ragraph 2 of thils Schedule; or (ii) was not (a Doa~ao da DE) num montante agregado da divida de justified by the evidence furnished to the As- USD$ 7.500.000 para auxiliar no financiamento do sociation, the Borrower shall, promptly upon Projecto, nos termos e condi~oes estabelecidos no notice from the Association: (A) provide such Acordo de Doai;ao da UE. additional evidence as the Association may request; or (B) deposit into the Special Ac- (E) mediante um Acordo datado de 28 de Outubro de count (or, if the Association shall so request, 1996, (o Acordo da Doa~ao da Austria), a Austria refund to the Association) an amount equal c;.oncordou em conceder uma Doa~ao (a doa~ao da to the amount of such payment or the por- Austria) ao Mutuario num montante agregado de doa- tion thereof not so eligible or justified. Un- ~ao de USD$ 800.000 para auxiliar no financiamento less the Association shall otherwise agree, do Projecto, nos terII}0S e condi~i'ies estabelecidos no no further deposit by the Association into Acordo de Doa~ao da Austria; the Special Account shall be made until the Borrower has provided such evidence or (F) o Mutuario tambem solicitou ao Banco Interna- made such depdsit or refund, as the case cional de Reconstru~ao e Desenvolvimento (o Banco), maybe. actuando como organismo de execu~ao do Servi~o para o Ambiente Mundial (SAM) no que respeita os fundos (b) If the Association shall have determined at de doa~o proporcionados ao Fundo Fiduciario do Ser- any time that any amount outstanding in vi~o para o Ambiente Mundial (o Fundo Fiduciario do the Special Account will not be required to SAM) por certos membros do Banco como participantes cover further payments for eligible expendi- do SAM, que prestasse uma assistencia adicional ao fi- tures, the Borrower shall, promptly upon no- nanciamento de uma parte do Projecto, e, mediante o tice from the Association, refund to the Asso- Acordo de Doa~ao do Fundo Fiduciario do Servi~o para ciation such outstanding amount. o Ambiente Mundial (o Acordo de Doa~ao do Fundo Fi- (c) The Borrower may, upon notice to the Associa- duciario do SAM) com data identica a do presente docu- tion, refund to the Association all or any por- mento, o Banco concorda em prestar essa assistencia tion of the funds on deposit in the Special num montante agregado de doa~ao equivalente a Account. 3.400.000 DES; e Considerando que a Associac;ao concordou com base, (b) "BCV" significa Banco de Cabo Verde, o Banco inter alia, no qu~ precede, em conceder o Credito ao Central do Mutuario, o qual foi criado pelo Mutuario nos termos e condi1_tcies estabelecidos no pre- Decreto-Lei No. 42/93 do Mutuario, datado sente Acordo; de 15 de Julho de 1993; Por conseguinte as partes contratantes do presente (c) "Escudo de Cabo Verde" ou "Esc. C.V." signi- documento acordam por este meio o seguinte: fica a moeda do Mutuario;

Artigo I (d) "ELECTRA" sign!fica a Empresa Ptiblica de Electricidade e Aguas, E.P.,, uma empresa de Condii;oes Gerai~; Definii;oes servic;os ptiblicos que fornece agua e electrici- Sec<;il.o 1.01 dade, a qual foi criada e funciona em confor- midade com os seus estatutos promulgados Constituem parte integrante do presente Acorda as no decreto do Conselho de Ministros No. 37/ "Condic;oes Gerais Aplicaveis aos Acordos de Credito 82 do Mutuario datado de 17 de Abril de de Desenvolvimento" da Asso¢iac;ao datadas de 1 de Ja- 1982; neiro de 1985 (conforme tenham sido modificadas ate 2 de Dezernbro de 1997, com a$ modificac;oes estabeleci- (e) "Plano de Gestao Ambiental" significa o plano das mais abaixo (as Condic;oes Gerais). de gestao do ambiente que esta incluido no capitulo oitavo do documento de avaliac;ao (a) Foi acrescentado um movo paragrafo (12) a Sec- dos efeitos ambientais datado de 11 de No- c;ao 2.01, redigido c([Jmo abaixo indicado, pas- vembro de 1998; sando portanto os paragrafos de (12) a (14) ja existentes da refterida Secc;ao, a ter a nu- (f) "INGRH" significa Instituto N acional de Gestao rnerac;ao de (13) a (15): dos Recursos Hidricos, o instituto nacional do Mutuario encarregado da gestao dos re- "12. 'Pais Participante' significa qualquer pais cursos hfdricos, o qual foi ,criado e funciona que a Associac;ao t~nha considerado satisfa- em conformidade com os seus estatutos pro- zer os requisitos esitipulados na Secc;ao 10 da mulgados no Decreto Regulamentar No. 126/ Resoluc;ao No. 183 do Conselho de Adminis- 92 do Mutuario, datado de 16 de Novembro trac;ao da Associa<;ilo, adoptados em 26 de de 1992; Junho de 1996; e 'Paises Participantes' signi- fica colectivamente todos esses pafses". (g) "Dep6sito Inicial" significa um montante em Esc. C.V. equivalente a USD 100.000 ao qual (b) A redacc;ao da segunda frase da Secc;ao 5.01 e se refere a Secc;ao 3.04 (b) do presente modificada coma segue: Acorda; "A nao ser que o Mutuario e a Associac;ao concor- (h) "MAAA" significa o Ministerio da Agricultura, dem de outro modo, nao sera efectuado nen- Alimentac;ao e Ambiente do Mutuario; hum desembolso: (ll) por conta de despesas (i) "MCIE" significa o Ministerio do Comercio, In- efectuadas nos territ6rios de qualquer pais dustria e Energia do Mutuario; que nao seja um Pais Participante ou em re- lac;ao a hens prodm1idos ou a servic;os presta- (j) "Exame a Meio do Percurso" si.gnifica o exame a dos nesses territ6rios; ou (b) para os fins de que se refere o paragrafo 4 do Anexo 4 do qualquer pagamento a pessoas ou entidades, presente Acordo; ou de qualquer importac;ao de hens, se esse (k) "MIH" significa o Ministerio de Infraestruturas pagamento ou importac;ao, no entender da Associac;ao, for proibido segundo uma deci- e Habitac;ao do Mutuario; sao do Conselho de Seguranc;a das N ac;oes (l) "GVPM" significa o Gabinete do Vice-Primeiro Unidas tomada ao abrigo do Capitulo VII da Ministro; Carta das Nac;oes Dnidas". (m) "UGP" significa a Unidade de Gestao do Pro- Secc;ao 1.02 jecto no GVPM, a qual sera responsavel pela execm;ao global do Projecto, e que foi criada e A nao ser que o contexto o exija de outro modo, os di- funciona em conformidade com o Decreto No. versos termos definidos nas Condi<;oes Gerais e no 40-N98 do Mutuario, datado 27 de Agosto de Preambulo do presente Acordo tern os significados res- 1998, a qual se refere o paragrafo 1 do Anexo pectivos neles estabelecidos e os termos adicionais sub- 4 do presente Acordo; sequentes tern os significados seguintes: (n) "Ponto de Venda" significa que o Mutuario (a) "Comissao Consultiva" significa uma comissao composta por representantes do sector pti- (i) efectuou uma avaliac;ao dla ELECTRA, blico do Mutuario, pelo seu sector privado, (ii) elaborou um prospecto ou um ficheiro pelas instituic;oes regulat6rias e pelos consu- midores de agua e electricidade, a qual sera sobre a ELECTRA, criada em conformiidade com a Secc;ao 6.01 (iii) solicitou, directamente ou por meio de (d) do presente Ac(l)rdo, e a qual se refere o amincio(s) nos jomais apropriados, ou por ou- paragrafo 1 (a) do Anexo 4 do presente tras formas de publicidade, ofertas relativas Acordo, que sera responsavel por assessorar a ELECTRA, a Unidade de Gestao do Projecto (UGP) (tal como definida segUidamente no presente do- (iv) avaliou essas ofertas e seleccionou o(s) lici- cumento) sobre questoes trans-sectoriais; tante(s) cuja licitac;ao foi hem sucedida, e (vJ convidou o(s) licitante(s) que recebeu (eramJ (c) Prontamente ap6s a Data de Entrada em a adjudicagiio a iniciarem as negocia<;6es em Vigor, a Associagao levantara da Conta Espe- boa fe: cial, em nome do Mutu:irio, e pagar::i a si mesma o montante necessario para reembol- (o) "Conta do Projecto" significa a conta a qual se sar o capital do Adiantamento para a Prepa- refere a Secgao 3.{l4 do presente Acordo: ragiio do Projecto desembolsado e nao sal- (p) "Coordenador do Ptojecto" significa o Coorde- dado nessa data, e pagara todos os encargos nador do Projecto, que tambem e o Directoi' devidos relativos ao mesmo. 0 saldo niio de- da UGP, ao qual se refere o paragrafo 1 d© sembolsado do montante autorizado do Anexo 4 do presente Acordo; Adiantamento para a Preparagao do Projecto sera entao anulado. (q) "Manual de Execugao do Projecto" significa (l) manual ao qual se refere o paragrafo 2 dll) Sec,ao 2.03 Anexo 4 do presente Acordo e que contem,, inter alia, os planos de trabalho, os plano$ A Data de Encerramento sera 30 de Junho de 2004 para a formagiio profissional, os indicadoreS; ou uma data posterior que a Associagao venha a deter- de seguimento e de desempenho aos quais se minar. A Associac;:ao notificara prontamente o Mutua- refere o paragrafa 4 (a) do Anexo 4, e os pro• rio acerca dessa data posterior. cedimentos a serem seguidos para os fins da SecGiio 2.04 execuc;:ao do Projecto, conforme eles sejam periodicamente modificados mediante (a) 0 Mutuario pagara a Associa<;ao periodica- consultas com a Associagao, incluindo tam- rnente uma cornissao de engajarnento sobre o hem esse tenno qualquer apendice ao Plano montante do principal do Credito nao desem- de Execugao do P:t+ojecto; bolsado, a uma taxa anual a ser determinada (r) "Adiantamento para a Preparagiio do Projecto'' pela Associagao a 30 de Junho de cada ano, a significa o adiantamento para a preparagao qual nao devera, porem, ser superior a taxa do projecto concedido pela Associagao ao Mu~ de rneio por cento (1/2 de 1%) por ano. tuario em conformidade com uma troca de (b) A comissao de engajarnento passa a veneer: correspondencia entre o Mutuario e a Asso- ciac;:ao datada de 7 de Outubro de 1997 e 20 (i) a partir de sessenta dias ap6s a data do pre- de Outubro de 1997; sente Acordo (data de inkio do vencirnento) (s) "SEPA" significa o Secretariado Executivo para ate as datas respectivas em que os montantes o Ambiente no MAAA do Mutuario;e da Conta do Credito forem desembolsados ou anulados pelo Mutuario, da Conta do Credito; (t) "Conta Especial" significa a conta a qual se re, e fere a Secgao 2.02 (b) do presente Acordo. (ii) a taxa estabelecida no dia 30 do mes de

Artigo II Junho imediatamente anterior a data de inf- 0 Credito cio do vencimento, ou a qualquer outra taxa que possa vir a ser periodicamente estabele- Sec,ao 2.01 cida em conformidade com o paragrafo (a) an- A Associac;:ao concorda em conceder um emprestimo terior. A taxa estabelecida em 30 de Junho ao Mutuario, nos termos e oondigoes estipulados ou re- de cada ano sera aplicada a pr6xima data de feridos no Acordo de Credito de Desenvolvimento, num pagarnento desse ano especificada na Secc;ao montante em diversas moedas equivalente a doze mil- 2.06 do presente Acordo. hoes e quinhentos mil Direitos Especiais de Saque (12.500.000 DES). ( c) A comissao de engajamento sera paga: Sec1;ao 2.02 (i) nos lugares que a Associagao razoavel- mente solicitar; (a) 0 montante do Credito pode ser levantado da. Conta do Credito, de acordo com as disposi- (ii) sem restrig6es de qualquer natureza impos- <;6es do Anexo 1 do presente Acorda, para as tas por ou no territ6rio do Mutuario; e despesas efectuadas (ou, se a Associagao concordar, a serem efectuadas) relacionadas (iii) na moeda especificada no presente Acordo com o custo razoa:vel dos hens e servigos ne,- para os fins da Sec<;ao 4.0!2 das Condic;oes Ge- cessarios para o 1Projecto, descrito no Anexo rais, ou noutra moeda ou moedas elegiveis, 2 do presente Acordo e a serem financiadas conforme seja periodicamente designado ou com os fundos do Credito. seleccionado em conformidade com as disposi- c;oes da referida Sec<;ao. (b) Para os fins do Projecto, o Mutuario podera abrir e manter uma conta especial de depo- Sec1,ao 2.05 sito em d6lares no BCV, em termos e cond:ii- goes satisfat6rios para a Associa<;ao. Os de- 0 Mutuario pagara periodicamente a Associa<;ao- p6sitos e pagamentos da Conta Especial uma comissao de servi<;o a taxa anual de tres quartos serao efectuados de acordo com as disposil- de um porcento (3/4 de 1%) sobre o capital do Credito <;fies do Anexo 5 do presente Aeordo. desernbolsado e nao desembolsado. Sec,;ao 2.06 (d) Se, em qualquer altura ap6s a modifica<;ao As comissoes de ~ngajamento e de servi<;o serao pa- das condi<;oes estabelecidas no paragrafo (b) gaveis semestralmente em 1 de Abril e 1 de Outubro acima, a Associa<;ao determinar que a situa- de cada ano. i;ao econ6mica do Mutuar:io se degradou consideravelmente, a Assochu;ao podera, se o Sec~ao 2.07 Mutuario o solicitar, modificar novamente as (a) Sob reserva das disposi<;oes dos paragrafos (b), condigoes de amortizagao para que estas (c) e (d) abaixo, o Mutuario devera reembol- sejam confor:mes ao calendario de presta<;oes, sar o capital do Cr~dito em presta<;oes se- como estabelecido no paragrafo (a) acima. mestrais pagaveis em cada 1 de Abril e 1 de Secc;ao 2.08 Outubro, a comei;ar em 1 de Outubro de 2009 e a tenninar em 1 de Abril de 2039. Especifica-se por este meio a moeda dos Estados Uni- Cada prestai;ao ate e incluindo aquela que dos da America para os fins da Secgao 4.02 das Condi- for pagavel em 1 de Abril de 2019 sera de <;oes Gerais. um por cento (1%) desse montante do capi-

Artigo III tal, e cada prestai;ao subsequente sera de dois por cento (2%) desse montante do capi- Execm;io do Projecto tal. Secc;ao 3.01 (b) Sempre que (a) 0 Mutuario declara que se compromete a pros- (i) o produto nacional bruto (PNB) per capita seguir os objectivos do Projecto, como estabe- do Mutuario, conforrne determinado pela As- lecidos no Anexo 2 do pre:sente Acordo e, sociai;ao, for superior durante tres anos para esse fim, executara as Partes A, B, C.1, consecutivos ao nivel estabelecido anual- C.3 e E do Projecto por intermedio do GVPM, mente pela Associai;ao para determinar a ele- e as Partes C.2 e D do Projecto por inter:me- gibilidade a aceder aos recursos da Associa- dio do MIH, com a devida diiigencia e eficien- <;ao; e cia, e em confor:midade com praticas admi- nistrativas, financeiras, de engenharia, (ii) o Banco considerar que o Mutuario tern re- ambientais do sector de electricidade e da puta<;ao de solvabilidade e merece receber emprestimos do Banco, a Associai;ao podera, agua, e proporcionara, OU fara COID 0_ue ap6s analise e aprovai;ao pelo Conselho de sejam proporcionados logo que necessario, os Administrai;ao da Associa<;ao, e ap6s este ter fundos, instala<;oes, servi1,;013 e outros recur- devidamente levado em considera<;ao o de- sos necessarios para o Projecto. senvolvimento da ec<1>nomia do Mutuario, mo- (b) Sem impor limites as disposi~;oes do paragrafo dificar os termos de amortiza<;ao das presta- (a) desta Secgao, e a nao se:r que o Mutuario <;oes previstas no paragrafo (a) acima, ea Associa<;ao decidam de outro modo, o Mu- exigindo que o Mutulirio: tuario executara as Partes A, B, C.l e C.3 e (A) reembolse o dobro do valor de cada uma E do Projecto por intermedio do GVPM, e as dessas prestai;oes ainda nao vencidas, Partes C .2 e D do Projecto por intermedio do ate que o montante do Credito tenha sido MIH, de acordo com o Programa de Execugao totalmente reentbolsado; estabelecido que figura no Anexo 4 do pre- sente Acordo. (B)comece a reembQlsar o montante do Cre- dito a partir da data do primeiro paga- Secc;ao 3.02 mento semestrall a que se refere o para- A nao ser que a Associa<;ao decida de outro modo, as grafo (a) acima, e que recai seis meses ou aquisi<;oes de hens, obras e servigos cle consultoria ne- mais depois da data na qual a Associa<;iio cessarios para o Projecto e a serem financiados com os notificar O Mutuario de que OS aconteci- mentos especificl:ados neste paragrafo (b) fundos do Credito serao regidas pelas disposi-.;oes do ocorreram, porem com a condi<;ao de que Anexo 3 do presente Acordo. tenha havido Uim periodo de tolerancia Secc;ao 3.03 minimo de cinco anos para esse reem- bolso do montartte do capital. Para os fins da Sec<;ao 9.07 das Condi<;oes Gerais e sem impor qualquer limite as mesmas, o Mutuario de- (c) A Associai;ao podera rever essa alterai;ao a que vera: se refere o paragrafo (b) acima, se o Mutua- rio o solicitar, de modo a incluir, em vez de (a) elaborar, com base em. orienta~oes aceitaveis parte ou da totalidade do aumento verificado para a Ass~ao, e fomec:er a Associa<;ao o nos montantes de$sas presta~s, o paga- mais tardar seis (6) meses ap6s a Data de mento de juros a uma taxa de juro · anual Encerramento, ou numa dlata que for deci- acordada com a Associa<;ao, incidente sobre o dida para esse fim entre o Mutuario e a As- montante do capital do Credito periodica- socia~o, um piano para o funcionamento fu- mente levantado e por pagar, com a condi<;ao turo do Projecto; que, . na opiniao da Associa~o, tal revisao nao altere o elemento de do~ obtido me- (b) proporcionar a Associa<;ao mna oportunidade diante a altera<;i<I> da amortiza~o acima razoavel para um intercambio de ideias com mencionada. o .J.\!utuario sobre o referido piano. Seci;ao 3.04 (i) manter ou fazer com que sejam mantidos, Sem qualque:r:. limite as suas obrigac;oes, em confcpr- de acordo com o paragrafo (a) desta Secc;ao, midade com a Secc;ao 3.01! do presente Acordo, o Mu- registos e contas que reflictam essas despe- tuario devera: sas; (a) abrir e manter no BCV uma conta (a Conta (ii) reter ate pelo menos um ano ap6s a Asso- do Projecto) em Esc. C.V. em termos e condi- ciac;ao ter recebido o relat6rio de auditoria re- c;oes satisfat6rios para a Associac;ao; lativo ao ano fiscal no qual foi efectuado o ul- timo desembolso da Conta do Credito, todos (b) depositar logo em seguida o Dep6sito Inicial os registos (contratos, encomendas, facturas, nessa conta para financiar a contribuic;ao do contas, recibos e outros documentos) compro- Mutuario para o ;Projecto; vantes dessas despesas; · (c) depositar na Con.ta do Projecto em Janeiro, (iii) permitir que os representantes da Associa- Abril e Outubro de cada ano, ate o Projecto c;ao examinem esses registos; e estar concluido, os montantes que forem ne- cessarios para reconstituir oportunamente a (iv) assegurar que esses registos estejam inclui- Conta do Projecto, a fim de igualar o mQn- dos nas auditorias anuais a que se refere o tante do dep6sito inicial a que se refere o pa- paragrafo (b) desta Secc;ao e que o relat6rio ragrafo (b) acima; e dessa auditoria contem um parecer separado (d) usar os fundos da Conta do Projecto excluf;i- desses auditores sobre seas relac;oes de des- vamente para financiar as despesas no ~- pesas apresentadas durante esse ano fiscal, bito efectuadas db Projecto. juntamente com os procedimentos e controlos intemos utilizados na sua preparac;ao, sao di-

Artigo IV gnos de confianc;a para apoiar os desembolsos Clausulas Financeiras com eles relacionados. Seci;i.o 4.01 ArtigoV (a) 0 Mutuario devera manter, ou fazer com que Recursos da Associa~iio sejam mantidos, registos e contas adequadbs Seci;ao 5.01 que reflictam, de acordo com praticas con1ia- bilisticas correctas, as actividades, recursos Em conformidade com a Secc;ao 6.02 (1) das Condi- e despesas relaclionados com o Projecto dos c;oes Gerais, especifica se as seguinte ocorrencia adicio- departamentos ou organismos do Mutuario nal: que sao responsaveis pela execuc;ao do Ptto- jecto ou de qualquer parte do mesmo. a) que tenha surgido uma situac;ao que tome im- provavel que o Programa, ou uma parte si- (b) 0 Mutuario devera: gnificativa do mesmo, seja executado; (i) mandar auditai, por auditores independen- tes aceitaveis para a Associac;ao, as contas e b) que o acordo de doac;ao do Fundo da OPEC nao os mapas da situac;ao financeira (balanc;os, tenha entrado em vigor ate 31 de Dezembro mapas de resultados e despesas do exercicio, de 2000, ou numa data que a associac;ao deci- e documentos fmanceiros conexos) para cada dir; com a condic;ao, porem, que as disposi- ano fiscal audita6o, de acordo com principios c;oes deste paragrafo nao.se aplicarao se o de auditoria apropriados, aplicados com coe- Mutuario determinar, de modo satisfat6rio rencia: para a Associac;ao, que serao disponibilizados ao Mutuario fundos adequados para o Pro- (ii) fomecer a Associac;ao, logo que disponiviel jecto provenientes de outras fontes, em ter- mas nunca ap6s os seis meses subsequentes mos e condic;oes compativeis com as obriga- ao final de cada um desses anos fiscais, Q6- c;oes do Mutuario em conformidade com o pias autenticadas dos mapas da situac;ao fi- presente Acordo; e nanceira aos quais se refere o paragrafo (l'.i) acima, para o ano auditado, e o relat611io c) (i) Sob reserva da alinea (ii) deste para- dessa auditoria eilaborado pelos referidos au- grafo: ditores, tao extenso e pormenorizado quanlto a Associac;ao tiver razoavelmente solicitado; (A) que tenha sido suspenso, anulado ou ces- e sado, na totalidade ou em parte, o direito (iii) fomecer a Associac;ao todas as outras in- do Mutuario levantar os fundos de qual- formac;oes acerca dos referidos registos, quer doac;ao ou emprestimo concedido ao contas e mapas da situac;ao financeira, assim Mutuario para financiar o Projecto, em como a respectiva auditoria, conforme a ~- conformidade com as condic;oes estabele- sociac;ao, peri6dica e razoavelmente, solicitar. cidas no acordo no qual isso esteja pre- visto; OU c) Em relac;ao a toda$ as despesas em relac;ao as quais foram efectuados desembolsos ell.a (B) que esse emprestimo se tenha vencido ou Conta do Credito fundamentadas em rehl- seja pagavef antes da data de vencimento c;oes de despesas; o Mutuario devera: domesmo. (ii) A alinea (i) deste paragrafo nao se aplicara (h) que o Mutuario tenha promulgado, na forma e se o Mufuario estabelecer de modo satisfat6- contetido satisfat6rio para a Associar,;ao a Lei rio para a Associagao que: de Electricidade, da .Agua e Saneamento e, da Entidade Reguladora, incluindo os regula- (A) essa suspensao, anulagao ou exigibili- mentos necessarios. dade antecipada nao e devda a imcum- primento por parte do Mutuario de qual- Secgao 6.02. Especifica-se para os fins da Secc;ao quer das suas obrigar,;oes previstas nesse 12.04 das Condir,;6es Gerais a data de cento e vinte acordo; e (120) dias ap6s a data do presente Acordo. (B) Que ha fundos ftdequados disponiveis ao Artigo VII Mutuario para o Projecto provenientes Representante do Mutuario; E11dere1,os de outras fonte$, em termos e condigoes compativeis corn as obrigagoes do Mutua- Sec<;ao 7.01 rio em conformidade com o presente Designa-se representante do Mutuario, para os fins da Acordo. Secgiio 11.03 das Condigoes Gerais, o Ministro do Mu- Sec<;ao 5.02 tuario que for na altura responsavel pela pasta das fi- nangas. Em conformidade com a secgao 7.01 das Condic;oes Gerais, especifica-se a seguinte ocorrencia adiciona1, Sec~ao 7.02 nomeadamente, que tenha ocorrido o acontecimento es- Especificam-se para os fins da Secc;ao 11.01 das pecificado no paragrafo (c) ( i) ( B) da secc;ao 5.01 do Condigoes Gerais os seguintes endere1;0s: presente Acordo, sob reserva da clausula indicada no paragrafo ( c ) ( ii ) dessa Secgao. Para o Mutuario:

Artigo VI Gabinete do Vice-Primeiro Ministro Data de Entrada em Vigor; Termino C.P.30 Sec<;ao 6.01 Praia Especificam-se as seguintes condigoes adicionais para Cabo Verde a entrada em vigor do Acord<!> de Credito de Desenvol- vimento, dentro do significado da Secgao 12.01 (b) das Enderego telegrafico: Telex: Condigoes Gerais: COORDENAQAO 608MCECV (a) que o Mutuario tenha nomeado os auditores independentes a que se refere a Secgao 4.01 Cabo Verde (b) do presente Acordo, em conformidade Para a Associa~iio com as disposigoes · da Secgao II do Anexo 3 do presente Acordo; Associagao Internacional de Desenvolvimento (b) que a Conta do Projecto tenha sido aberta e 1818 H Street, N.W. que o Dep6sito Inicial a que se refere a Sec- giio 3.04 (b) do presente Acordo tenha sido Washington, D.C. 20433 depositado nela; Estados Unidos da America (c) que a UCP tenha sido criada em conformidade Enderego telegrafico: Telex: com as disposigoes do paragrafo 1 (b) do Anexo 4 do presente Acordo; INDEVAS 248423 (MCI) OU (d) que a Comissao Consultiva tenha sido consti- Washington, D.C. 64145 (MCI) tuida; Em fe do que, as partes do presente Acordo, ac- (e) que o Mutuario tenha tornado todas as medi- tuando atraves dos seus representantes devidamente das que estejam dentro do seu controlo para autorizados, fizeram com que o pre15ente Acordo fosse levar a ELECTRA ao Ponto de Venda; assinado .em seus respectivos nomes no Distrito de Co- lumbia, Estados Unidos da America, no dia e ano (f) que o Mutuario tenha adoptado o Plano de Ges- acima mencionados. tao AmbientaL Pela Republica de Cabo Verde , Amilcar Spencer {g) que o Mutuario tenlia enviado os documento~ Lopes, Representante Autorizado fmais de concurso para a privatizac;iio da Electra, na form$. e conteudo satisfat6rio Pela Associagiio Intwernacional de Desenvolvi- para a Associagao, a todos os concorrentes mento, Jean-Louis Sarbib, Vice-Presidente Regional pre-qualificados. de Africa ANEixO 1 A Associm;iio podera requerer que sejam efectuados levantamentos da Conta do Credito relativos a essas Afecta9ao dos F~ndos do Credito despesas, fundamentadas em relac;oes de despesas, re- 1. 0 quadro seguinte eistabelece as Categorias de lativos a: ruhricas a serem financiad8s com os fundos do Credito, (i) hens num valor niio superior a USD 100.000; a afectac;iio dos montantes do Credito a cada Categoria e a percentagem das deSipesas para as rubricas a (ii) servic;os de firmas de consultoria me- serem desse modo financiados em cada Categoria: diante contratos num valor que nao seja su- perior ao equivalente a USD 100.000; Montante (Percentagem das do Credito Afectado Despesas a Serem (iii) servic;os individuais de consultores me- (Expresso em Financiadas diante contratos que nao sejam superiores ao Categoria Equiva1ente de DES) equivalente a USD 50.000; (1) Constru1,ao Civil: 100%dasdespesas (iv) servic;os de formac;ao mediante contratos em moeda estrangeira num valor que nao seja superior ao equiva- e 80% das despesas em moedanacional lente a USD 50.000, nos termos e condic;oes que a Associac;ao especifkar por meio de um a) para a Parte C.2 2.200.000 aviso ao Mutuario. b) para a Parte D 850.000 ANEX02 c) para a Parte A .6 320.000 Descri9io do Projecto d) para a Parte B.2 700.000 Os .objectivos do Projecto sao: (i) melhorar a quali- (2)Bens: 100%das despesas dade e ampliar a cobertura dos sistemas de electrici- em moedaestrangeira dade, agua potavel e saneamento no territ6rio do Mu- e90 tuario; (ii) reduzir os custos dos servic;os de agua e poc cent.o das despesas electricidade; (iii) aumentar a efici.encia operacional e em moeda nacional de uso final dos sectores electrico i~ hidrico; (iv) remo- ver as restric;oes existentes ao desenvolvimento de fon- a) para a Parte A .5 2.100.i)OO tes de energia limpas e renovaveis; e (v) fomentar a b) para as Partes A .2, l.~00.000 gestao segura dos recursos hidricos. A3,A .4, C.l, C.3, De E 0 Projecto e composto pelas segu:intes Partes, sob re- (3) Servi1,os de consultoria, 100% serva das modificac;oes ao mesmo que sejam periodica- mente decididas por comum acordo entre o Mutuario e estudos e forma1,ao a Associac;ao para atingir esses objectivos: a) para a Parte A 650.000 Parte A: Reforma e Desenvolvimento do Sector b) para as Partes Ce D 1.600.000 Electrico c) para a Parte E.1 800.000 1. Efectuar a privatizac;ao da ELECTRA, o que in- clui inter alia prestar assistencia ao Mutuario na ava- di para a Parte E.2 250.000 liac;ao das ofertas e dos contratos relativos a referida (4) Refinanciamento do 1.100.000 Montante devido em privatizac;ao atraves da prestac;ao de servic;os de asses- Adiantamento para a conformidade com a soria tecnica. Prepara1,i!.o do Projecto SeC1,lio 2.02 © do presente Acordo 2. Reforc;ar o quadro institucional, juridico e regula- mentar do sector electrico atraves da prestac;ao de ser- vic;os de consultoria tecnica, formac;ao de pessoal, estu- (5) Nao- alocados 930.000 dos, e aquisic;iio de veiculos e equipamentos. TOTAL 12;500.000 3. Conceber e executar um programa destinado a reforc;ar as capacidades do Mutuiirio para prom:over 2. Para os fins do presertte Anexo: equipamentos eficientes em termos energeticos ea ges- (a) o termo "despesas em moeda estrangeira" si- tao favoravel a procura do sector energetico atraves da gnifica a moeda .de qualquer pais que niio prestac;iio de servic;os de consultoria tecnica, formac;ao seja o do Mutuario, relativas a hens e servi- de pessoal e estudos, e aquisic;ao de equipamentos. c;os fomecidos a partir do territ6rio de qual- 4. Reforc;ar as capacidades do MCIE com o fim de quer pais que niio seja o do Mutuario; (i) formular medidas de politica e estrategias para o sector energetico; e (ii) coordenar e fazer o seguimento (b) o termo "despesas em ·moeda nacional" signi- do desenvolvimento do sector energetico; e (iii) elaborar fica as despesas na moeda do Mutuairio, ou e actualizar os dados estatfsticos atraves da prestac;ao relativas a hens olU servic;os fomecidos a par- de servic;os de consultoria tecnica, formac;ao de pessoal, tir do territ6rio do Mutuario. estudos e aquisic;ao de equipamentos. 3. Nao obstante as disposic;oes do paragrafo 1 5. Ampliar a oferta de electricidade a cerca de 4.000 acima, nao sera efectuado nenhum levantamento com novos clientes nos centros periurbanos e urbanos secun- respeito a despesas efectuadas anteriormente a data darios atraves da prestac;ao de servic;os de C!)nsultoria do presente Acordo. tecnica e da aquisic;ao de ve:i'.culos e equipamentos. 6. Conceher e executar mµ programa destinado a (ii) realizar melhoramentos nos sistemas de melhorar os efeitos negativos ~ohre o amhiente provo- saneamento em Assomada; cados pelas centratit electricas! e as instalac;oes de pro- duc;ao de agua dessalinizada atraves da prestac;ao de (iii) conceber e construir sistemas de reutiliza- servic;os de consultoria tecnica e da instalac;ao e aquisi- c;ao das aguas residuais na Praia; e c,ao de equipamentos e obras conexas. (iv) realizar estudos de saneamento atraves de Parte B: Promo9ao e Dese111.volvimento de Ener- aquisic;ao de equipamentos, ohras de constru- gia Renovtavel c;ao civil, e prestac;ao de servic;os de consulto- ria tecnica e formac;ao. 1. A promoc;ao e o desenvolvimento de recursos energeticos renovaveis, o que inchrl a ampliac;ao ate Parte E: Coordena9ao e Gestio do Projecto 7,8 MW dos aerogeradores 1iID3-dos a rede electrica na 1. Reforc;ar a capacidade da UGP para esta poder Praia, no Mindelo, e no Sal, atraves da prestac;ao de coordenar, supervisar e fazer o seguimento da execuc;ao servic;os de consultoria tecnic~, formac;ao de pessoal, do Projecto atraves de prestac;ao de sE,rvic;os de forma- estudos, e aquisic;ao e instalac;~o de equipamentos. c;ao ao seu pessoal, de estudos e de servic;os de consulto- 2. A instalac;ao de sistemas e6licos e fotovoltaicos ria tecnica e aquisic;ao de veiculos e equipamentos. descentralizados, individuais e publicos, para uso das 2. Conceher e executar um prograrna de gestao am- comunidades e familias, atraves da prestac;ao de servi- biental com a colaborac;ao do SEPA atraves da presta- c,os de consultoria tecnica, for!mac;ao de pessoal, estu- c;ao de servic;os de formac;ao ao seu pessoal, de estudos dos, e aquisic;ao e instalac;ao d€ equipamentos. e de servic;os tecnicos de consultoria e da aquisic;ao de equipamentos. Parte C: Reforma e Desenvolvimento do Sector Hidricb 0 Projecto devera estar concluido ate 31 de Dezem- bro de 2003. 1. A reforma e o desenvolvimento pelo Mutuario do .sector hidrico, o que inclui: ANEX03 (a) a reforma dos sistemas de produc;ao e oferta Aquisi9oes e Servi90s de Consultoria de aguas urbanas; Sec9ao I. Aquisi9ao de Bens e Obras (b) criar empresas municipais aut6nomas com o fim de melhorar a distribuic;ao de agua e Parte A: Generalidades prestar servic;os de tlratamento das aguas re- 1. Os hens e as obras serao adquiridos de acordo siduais; com as disposic;oes da Secc;ao_ I das "Normas Relativas (c) facilitar a participac;Jo do sector privado em as Aquisic;oes nos termos dos Emprestimos do BIRD e termos de ele ser ptoprietario e explorar as dos Creditos da IDA", puhlicadas pelo Banco em Ja- referidas empresas municipais aut6nomas; neiro de 1995 e revistas em Janeiro e Agosto de 1996, em Setembro de 1997 e em Janeiro de 1999, sob re- (d) reforc;ar. o quadro juridico e regulam.entar serva das modificac;oes efectuadas as mesmas estabele- para o sector hidrici:o, tudo isso atraves de cidas no paragrafo 2 desta Parte A (as Normas) e (b) realizac;ao de estudo~, aquisic;ao de veiculos e das disposic;oes das Partes seguintes desta Secc;ao I. equipamentos, prestac;ao de servic;os de 2. Nos paragrafos 1.6 e 1.8 das Nonnas, as referen- consultoria tecnica, e formac;ao. cias a "paises memhros do Banco" e a "pais membro" 2. A ampliac;ao e a r.:ea:hil~tac;ao pelo MIH da rede serao consideradas referencias respectivamente a "Pai- primaria e secundaria de disltribuic;ao de agua e dos ses Participantes" ea "Pais Participante". sistemas de produc;ao de agua na Praia, no Mindelo e Parte B: Licita9ao Pu.blica Internacional em Assomada, e noutros centiros secundarios, atraves da aquisic;ao de equipam.ente>s, ohras de construc;ao 1. Exceptuando o que estiver de outro · modo pre- civil e da prestac;ao de servic;os de consultoria tecnica. visto na Parte C desta Secc;ao, os hens serao adquiridos mediante contratos adjudicados em conformidade com 3. 0 reforc;o das capacidadts operacionais e em ma- as disposic;oes da Secc;ao II das Normas e do paragrafo teria de investigac;ao do INGaH, incluindo a sua capa- 5 do Apendice 1 das mesmas. cidade para formular uma pplitica adequada para o sector hidrico e tomar medidajs de politica relativas ao 2. As seguintes disposi~oes serao aplicadas aos uso final da agua com eficiendia, e a regulamentac;ao e hens a serem adquiridos mediante contratos adjudica- gestao dos recursos hidricos atraves da prestac;ao de dos em conformidade cO'ln as disposic;oes do paragrafo 1 servic;os de consultoria tecnicai, formac;ao e aquisic;ao de desta Parte B. veiculos e equipamentos. (a) Pre-Selecc;ao Parte D: Desenvolvimento dos Servi90s de Sa- neamen.to Os licitantes de contratos relativos a obras cujo custo estimativo for equivalente a USD 1.000.000 ou mais Refo~ a capacidade operacional do MIH com vista a serao pre-seleccionados de acordo com as disposi~oes dos paragrafos 2.9 e 2.10 das Normas. (i) efectuar uma extensao dos sistemas de sa- neamento na Praia; (b) Agrupamento de Contratos Na medida do possivel, os contratos relativos a hens Parte B: Selec~ao em Fun~ao da Qualidade e do serao agrupados em conjuntos de hens a licitar, cujo Custo custo estimati.¥~ seja equivalente a USD 200.000 ou mais cada um. Exceptuando o que for de outro modo previsto na Parle C desta Secc;ao, os servic;os de consultoria serao Parte C: Outros Procedimentos para as Aquisi- adquiridos mediante contratos adjudicados de acordo ~oes com as disposic;oes da Secc;ao II <las N ormas Relativas aos Consultores, do paragrafo 3 do Apendice 1 <las mes- 1. Comparac;ao de Prec;Qs Internacionais mas, do Apendice 2 das mesmas, e das disposic;oes dos paragrafos de 3.13 a 3.18 <las mesmas, que sao aplica- Os bens cujo custo estimativo for inferior ao equiva- veis a selecc;ao de consultores em func;ao da qualidade e lente a USD 50.000 por contrato, ate um montante do custo. agregado nao superior ao equivalente a USD 350.000, podem ser adquiridos mediante contratos adjudicados Parte C: Outros Procedimentos para a Selecc;ao de com base em procedimentos de comparac;ao de prec;os Consul tores internacionais, de acordo dom as disposic;oes dos para- grafos 3.5 e 3.6 das Normas. 1. Selecc;ao em Func;ao do Menor Custa Parte D: Analise pela Associa~ao das Decisoes Os servic;os de auditoria cujo custo estimativo for in- Relativas as Aquisic;oes ferior ao equivalente a USD 200.000 por contrato pode- rao ser adquiridos mediante contratos adjudicados de 1. Planeamento das Aquisic;oes acordo com as disposic;oes dos par,igrafos 3.1 e 3.6 das Normas Relativas aos Consultores. Antes de ser emitido qlil.alquer convite para a pre- selecc;ao relativa a licitac;ao ou para licitar os contratos, 2. Consultores Individuais sera submetido a apreciac;ao e aprovac;ao da Associac;ao o plano de aquisic;oes proposto para o Projecto, em As tarefas que cumpram com os requisitos estabele- confonnidade com as dis)l)osic;oes do paragrafo 1 do cidos no paragrafo 5.1 das No:rmas Relativas aos Apendice 1 das Normas. As aquisic;oes de todos os Consultores deverao ser adquiridas mediante contratos hens e servic;os serao efeotuadas de acordo com esse adjudicados a consultores individuais de acordo com as plano de aquisic;oes, conforrne ele tiver sido aprovado disposic;oes dos paragrafos 5.1 a 5.:3 das Normas Relati- pela Associac;ao, e com as disposic;oes do referido para- vas aos Consultores. grafo 1. Parte D: Exame pela Associa~ao da Selec~ao de 2. Analise Previa Consultores Com respeito a cada contrato de licitac;ao publica in- 1. Planeamento da Selecc;iio ternacional (LPI) cujo custo estimativo for equivalente Antes de ser emitido aos consultores qualquer pedido a USD 100.000 ou mais, aplicar-se-ao os procedimen- de propostas, o plano proposto para a selecc;ao de tos estipulados nos paragrafos 2 e 3 do Apendice 1 das consultores previsto nos termos do Projecto sera sub- Nonnas. metido a apreciac;ao e aprovac;ao da Associac;ao, de 3. Analise a posteriori acordo com as disposic;oes do paragrafo 1 do Apendice 1 <las Normas Relativas aos Consultores. A selecc;ao de Com respeito a cada contrato que nao seja regido todos os servic;os de consultoria sera efectuada de pelo paragrafo 2 desta Parte, aplicar-se-ao os procedi- acordo com esse plano de selecc;ao, conforme tiver sido mentos estipulados no paragrafo 4 do Apendice 1 <las aprovado pela Associm;ao, e com as disposi<;oes do refe- Normas. rido paragrafo 1. Secc;ao II. Contrata~ao de Consultores 2. Analise Previa Parte A: Generalidades (a) Com respeito a cada contrato relativo a contratac;ao de firmas de consultoria cujo 1. Os servic;os de consultoria serao adquiridos em custo estimativo for equivalente a USD conformidade com: (a) as disposic;oes da Introduc;ao e 100.000 ou mais, mas menos do que o equi- da Secc;ao IV <las" Norma& para a Selecc;ao e Contrata- valente a USD 200.000, aplicar-se-ao os pro- c;ao de Consultores pelos Mutuarios do Banco Mundial" cedimentos estipulados nos paragrafos 1, 2 publicadas pelo Banco em Janeiro de 1997 e revistas (com a excep<;ao da terceira alinea do para- em Setembro de 1997 e Jianeiro de 1999, sob reserva grafo 2 (a)) e 5 do Apendice 1 das Normas das modificac;oes efectuadas as mesmas que estiio esti- Relativas aos Consultores. puladas no paragrafo 2 desta Parte A (as Normas Rela- tivas aos Consultores) e (b) as disposic;oes <las Partes (b) Com respeito a cada contrato relativo a seguintes desta Secc;iio II. contratac;ao de firmas de consultoria cujo custo estimativo for equivalente a USD 2 No paragrafo 1.10 das Normas Relativas aos 200.000 ou mais, aplicar-se-iio os procedi- Consultores, as referencias a "paises membros do mentos estipulados nos paragrafos 1, 2 (com Banco" e a "pais membro" seriio consideradas referen- a excep<;iio da segunda alinea do paragrafo 2 cias a "'Paises Participantes" e "Pais Participante", res- (a)) e 5 do Apendice 1 das Normas Relativas pectivamente. aos Consultores. (c) Com respeito a cada contrato relativo a penho63 que forem acordados entre o Mutua- contratac;ao de cQnsultores individuais, cujo rio e a Associac;ao, relativamente a execuc;ao custo estimativo for equivalente a USD do Projecto e ao alcance dos objectivos do 50.oof:>'' OU mais, devera ser submetida a mesmo; apreciac;ao e aprovac;ao da Associac;ao uma descric;ao das qua.lificac;oes, da experiencia, b) realizar conjuntamente com a Assodac;ao, o dos termos de referenda e das condic;oes de mais tardar ate 31 de Diezembro de 2001, o emprego dos conaultores. 0 contrato sera Exame a Meio do Percurso. 0 Exame a Meio adjudicado somente ap6s ter sido dada a re- do Percurso abrangera, entre outras coisas: ferida aprovac;ao. (i) os progressos realizados para atingir os ob- 3. Analise a posteriori jectivos do Projecto, Com respeito a cada col!ltrato que nao seja regido (ii) o desempenho global do Projecto em contra- pelo paragrafo 2 desta Parte, aplicar-se-ao os procedi- posic;ao com os indicadores de desempenho do mentos estipulados no paragrafo 4 do Apendice 1 das Projecto, N ormas Relativas aos Consultores. (iii) a execuc;ao do Programa e, em especial,

ANEXO 4 das suas componentes de privatizac;ao e regu- Execm;ao d(> Programa lamentac;ao, e 1. A Unidade de Gestao do Projecto e a Comissao (iv) a qualidade dos servic;os consultivos Consultiva prestados no ambito do Projecto. (a) 0 Mutuario devera manter a UGP ea Comis- c) 0 Mutuario devera fornecer a Associac;ao, pelo sao Consultiva ate o Projecto estar menos tres (3) semanas antes do exame a concluido. Meio do Percurso, um relat6rio que descreva a situac;ao dos pontos ali:stados no paragrafo (b) A UGP devera manter, ate o Projecto estar (a) anterior, e da execu~;ao do Projecto, em concluido, um Coordenador de Projecto e um geral. mimero adequado fundonarios competentes, os quais terao todos os termos de referenda, d) 0 Mutuario devera, o mails tardar quatro (4) qualificac;oes e experienda que sejam aceita- semanas ap6s o exame a Meio do Percurso, veis para a Associac;ao, e um contabilista que elaborar um programa de acc;ao que seja sera contratado de acordo com as disposic;oes aceitavel para a Associa1,ao relativo a execu- da Secc;ao II do Anexo 3 do presente Acordo. c;ao ulterior do Projecto, tendo em conta as 0 Coordenador de Projecto sera responsavel conclusoes obtidas pelo Exame a Meio do pela supervisao e coordenac;ao da gestao do Percurso e, seguidamente, por em pratica Projecto no dia a dia. 0 contabilista devera, esse programa de acc;ao. inter alia, prestar assistenda ao Mutuario no cumprimento das obrigac;oes estabeled- 5. Outras Clausulas das na Secc;ao 4.01 (a) do presente Acordo. (a) 0 Mutuario devera, em conformidade com as 2. Plano de Execuc;ao do Projecto disposic;oes da Secc;ao II do Anexo 3 do pre- sente Acordo, seleccionar, 0 Mutuario devera executar o Projecto em conformi- dade com os procedimentos estipulados no Plano de (i) o mais tardar ate 31 de: Marc;o de 2000, os Execuc;ao do Projecto e, a nao ser que a Associac;ao concessionarios privados para a comercializa- concorde de outro modo, nao devera modificar nem re- c;ao dos sistemas e6licos e fotovoltaicos, pti.bli- nunciar qualquer disposic;~o do mesmo se, na opiniao cos e privados, e, da Associac;ao, essa modificac;ao ou reminda for sus- ceptivel de afectar, material e negativamente, a execu- (ii) o mais tardar ate 30 de Junho de 2000, c;ao do Projecto. concluir com os concessionarios privados os acordos de concessao, os quais deverao estar, 3. Relat6rios sobre o Andamento dos Trabalhos na forma e no conteudo, satisfat6rios para a Associac;ao. 0 Coordenador do Projecto sera responsavel por ela- borar e transmitir a Associac;ao logo ap6s o fim de 'cada (b) 0 Mutuario devera, o mais tardar ate 31 de semestre do calendario, e em qualquer caso o mais tar- Dezembro de 2001, concluir com a munidpa- dar ate 31 de Janeiro e 31 de Julho de cada ano, um re- lidade de Assomada, os acordos de concessao, lat6rio pormenorizado sobrie o andamento da execuc;ao os quais deverao ser, na forma e no fundo, do Projecto durante o semeatre anterior do calendario. satisfat6rios para a Associac;ao, relativosa ex- 4. lndicadores de Deseinpenho e Exame a Meio do plorac;ao dos sistemas de agua e saneamento Percurso da munidpalidade de Asisomada. 0 Mutuario devera: (c) 0 Mutuario devera, o mais tardar ate 31 de Dezembro de 2002, concluir com os concessio- a) manter as medid,11s de poh'.tica e os procedi- narios privados acordos que deverao ser, na mentos adequados para poder fazer um se- forma e no fundo, satisfat6rios para a Asso- guimento e uma. avaliac;ao continuos, em ciac;ao, relativos a manuten~ao e explora~ao conformidade com os indicadores de desem- futuras dos sistemas fotovoltaicos publicos. ANElX05 na Conta Especial, em nome do Mutuario, o Conta Especial montante que o Mutuario tiver solicitado e que tenha sido comprovado, por meio dos re- 1. Para os fins deste Anexo: feridos documentos e de outras provas, que foi pago da Conta Especial em relac;ao a des- a) o termo "Categorias elegiveis" significa as ca- pesas elegiveis. Todos esses dep6sitos serao tegorias de (1) a (3) estabelecidas no quadro levantados pela Associar;iio da Conta do Cre- do paragrafo 1 do Anexo 1 do presente dito, nas respectivas Categorias elegiveis e Acordo; nos respectivos montant1~s equivalentes que b) o termo "despesas elegiveis" significa as des- tiverem sido justificados pelos referidos docu- pesas relacionadas com o custo razoavel dos mentos e outras provas. hens e servic;os necessarios para o Projecto e a serem financiados com os fundos do Cre- 4. Para cada pagamento efectuado pelo Mutuario dito afectados periodicamente as Categorias da Conta Especial, o Mutuario devera fornecer a Asso- elegiveis, de acordo com as disposic;oes do ciar;ao, quando a Associac;ao razoav,elmente solicitar, os

Anexo 1 do presente Acordo; e documentos, e outras provas, comprovativos de que o pagamento foi efectuado exclusivamente em relac;ao a c) o termo "Afecta<.ao Autorizada" significa um despesas elegiveis. montante equiva1lente a USD $1.000.000 a ser levantado da Conta do Credito e deposi- 5. Nao obstante as disposic;oes do paragrafo 3 deste tada na Conta Especial, em conformidade Anexo, a Associac;ao nao tera que efectuar mais nen- com o paragrafo 3 (a) deste Anexo, com a hum dep6sito na Conta Especial: condic;ao porem que, a menos que a Associa- c;ao decida de ou~ro modo, a Afectac;ao Auto- (a) se em qualquer altura a Associar;ao tiver de- rizada para a Conta Especial seja limitada a terminado que todos os levantamentos adi- um montante equivalente a USD $500.000 cionais deveriam ser efectuados directa- ate que o monta:nte agregado dos levanta- mente da Conta do Credito pelo Mutuario, de mentos da Conta do Credito mais o valor acordo com as disposic;oes do Artigo V das total de todos os t:ompromissos especiais por Condic;oes Gerais e do paragrafo (a) da Sec- pagar, assumidos. pela Associac;ao em confor- 1;ao 2.02 do presente Acordo; midade com a Sect:c;ao 5.02 das Condic;oes Ge- rais, seja igual ou superior ao equivalente a (b) se o Mutuario nao tiver fornecido a Associa- 3.000.000 DES. 1,ao, dentro do prazo especificado na Secc;ao 4.01 (b) (ii) do presente Acordo, alguns dos 2. Os pagamentos da C(j)nta Especial serao efectua- dos exclusivamente em relaic;ao a despesas elegiveis, de relat6rios de auditoria que for necessario for- :1cordo com as disposic;oes deste Anexo. necer a Associa1,ao, em c:onformidade com a referida Secc;ao, com respeito a auditoria dos 3. Ap6s a Associac;ao ter recebido provas satisfat6- registos e contas para a Conta Especial; rias de que a Conta Espedal foi devidamente aberta, os levantamentos da Afectac;ao Autorizada e os levan- (c) seem qualquer altura a Associa<;ao tiver noti- tamentos subsequentes pata reconstituir a Conta Es- ficado ao Mutuario da sua inten<;ao de sus- pecial serao efectuados como segue: pender na totalidade ou em parte o direito do Mutuario de efectuar levantamentos da a) Para os levantamentos da Afectai,;ao Autori- Conta do Credito, em conformidade com as zada, o Mutuario devera fornecer a A.ssocia- disposii,;oes da Sec<;ao 6.02 das Condic;oes Ge- i,;ao um ou mais pedidos de dep6sito ou dep6- rais; ou sitos que nao sejam superiores ao valor agregado da Afe¢tac;ao Autorizada. Funda- (d) uma vez que o montante total levantado do mentando-se nesse pedido ou pedidos, a As- Credito afectado as Categorias elegiveis, sociac;ao levantara da Conta do Credito e de- menos o montante total de todos os compro- positara na Coqta Especial, em nome do missos especiais nao pagos, assumidos pela Mutuario, o montlante ou os montantes que o Associai,;ao em conformidade com a Secc;ao Mutuario tiver soilicitado. 5.02 das Condic;oes Gerais relativamente ao b) (i) Para efeitos de reconstituir;ao da Conta Projecto, sejam iguais ao equivalente ao Especial, o Mut-µario devera apresentar a dobro do montante da Afectar;ao Autorizada. Associac;ao pedidios de dep6sitos na Conta Dai por diante, o levantamento da Conta do Especial, com os intervalos que a Associar;ao Credito do montante restante nao levantado especificar. do Credito afectado as Categorias elegiveis seguira os procedimentos que a Associa~ao (ii) 0 Mutuario dewera fornecer a Associac;ao, anterior ou simultaneamente a cada um des- especificar mediante aviso ao Mutwirio. ses pedidos, os documentos e outras provas Esses levantamentos adicionais serao efec- que sejam requeridos nos termos do para- tuados unic~ente e na medida em que a As- grafo 4 deste Aneko, para o pagamento ou os sociac;ao estiver convenicida de que todos pagamentos que derem origem ao pedido ou esses montantes que reE1tarem em dep6sito pedidos de reinatituir;ao. Fundamentando- na Conta Especial ate :a data desse aviso se em cada u desses pedidos, a Associar;ao serao utilizados para efectuar pagamentos levantara da onta do Credito e depositara de despesas elegiveis. 6. (a) Se a Associa~ao tiver detenninado, em qual- (b) Se a Associa~ao tiver detenninado em qual- quer momento, que uni pagamento da Conta quer momento que um montante pendente EspeciN (i) foi efectuado em rela~ao a uma na Conta Especial nao sera necessario para despesa ou num montante nao elegivel, nos cobrir pagamentos adicionais relativos a des- pesas elegiveis, o Mutuario devera, logo que termos do paragrafo 2 deste Anexo; ou {ii) for notificado pela Associa~ao, reembolsar nao se justificava segundo as provas forneci- prontamente a Associa~ao esse montante por das a Associai;ao, o Mutuario devera, logo pagar. ap6s ter sido notificado pela Associai;ao: {A) depositar na Conta Especial {ou reembolsar (c) 0 Mutuario pode, ap6s notificar a Associai;ao, reembolsar a Associa~ao o valor total ou par- a Associa~o, se esta o solicitar) um mon- cial dos fundos em dep6sito na Conta Espe- tante igual ao valor desse pagamento ou a cial. parte do mesmo que nao seja considerada tao elegivel ou justificada. A menos que a (d) Os reembolsos a Associa~ao efectuados nos Associa~ao decida de outro modo, a Associa- termos dos paragrafos 6 (a); (b) e (c) deste Anexo serao creditados na Conta do Credito ~ao nao efectuara mais nenhum dep6sito na para serem subsequentemente levantados ou Conta Especial ate que ·o Mutuario tenha anulados, de acordo com as disposi~oes apli- fornecido essas provas ou efectuado esse de- caveis do presente Acordo, incluindo as p6sito ou reembolso, confonne for o caso. Condii;oes Gerais.