PRESTAM CONVENTIONS

Decree 1137/97

Apply a model of the Loan Convention to subscribe to the International Bank for Reconstruction and Development, for the execution of the "Second Loan for Provincial Reform-Salta-".

Bs. As., 30/10/97

B.O.: 05/11/97

VISTO the model of the Loan Convention, for the realization of the "Provictional Information System" proposed to be signed between the ARGENTINA REPUBLIC and the INTERNATIONAL RECONSTRUCTION AND FOMENT BANCO. for an amount equal to DOLARES STADOUNIDENSES SETENTA and CINCO MILLONES (US$ 75,000.000). and

CONSIDERING:

That through the so-called Loan Convention the INTERNATIONAL BANCO OF RECONSTRUCTION And FOMENT is committed to financially assisting the ARGENTINA REPUBLIC in order to enable the execution of the "SEGUNDO PRESTAMO FOR THE PROVINCIAL-SALTA-".

That loan resources will be allocated to assist the Province in the framework of a programme of actions, objectives and policies designed to support tax reform and restructuring, with emphasis on the provision of social services, especially in the health and education sectors.

That the resources from the loan will be transferred in United States dollars by the INTERNATIONAL BANCO OF RECONSTRUCTION AND FOLLOW-UP to the ARGENTINA REPUBLIC, and that the latter will transfer those funds to the SALTA PROVINCIA in its equivalent in local currency, remaining the other terms and conditions, equal to those established in the Préstamus Convention to be subscribed between the INTERNATIONAL BANCO of RECONST

That the general conditions, the delays of amortization, interest rates, commitment commissions and other clauses contained in the Loan Convention, proposed to be signed, are the usual ones adopted in this type of operation and are appropriate to the purposes and objectives to which this loan is intended.

That it is necessary to designate the REGIONAL PROGRAMME SUBSECRETARIA OF THE SECRETARIAT OF PUBLIC MINISTERY OF ECONOMY AND ARTWS AND PUBLIC SERVICES, as national responsibility for the implementation of the loan, for the purpose of coordination with the INTERNATIONAL BANCO OF RECONSTRUCTION AND FOMENT.

It is necessary to channel the funds of the loan through a Special Account to be operated by the national responsible for the execution of the loan, which will be opened in the BANCO CENTRAL OF THE ARGENTINA REPUBLIC, in the terms established in the model of the Loan Convention.

That under Decree No. 434 of 15 May 1997 and Administrative Decision No. 210 of 15 May 1997, the JEFF OF MINISTERS OF PRESIDENCE From the NATION, he has taken the proper intervention.

That the proposed Convention for membership is covered by Article 60 in fine of the Financial Administration and National Public Sector Control Systems Act No. 24.156.

That the General Directorate of Humanitarian Affairs of the MINISTERY OF ECONOMY AND ARTWS AND SERVICES PUBLICOS has taken the intervention that belongs to him.

That this measure is determined in the use of the powers conferred by Article 99, paragraph (1), of the National Constitution and Article 16 of Law No. 11.672 Permanent Supplementary to Budget (T.O.1996).

Therefore,

THE PRESIDENT OF THE ARGENTINA NATION

RIGHT:

Article 1Apply the model of the Loan Convention - which is accompanied in authenticated copy -, which consists of SEIS (6) articles, DIECIOCHO (18) sections and THRE (3) annexes, to subscribe between the ARGENTINA NATION and the INTERNATIONAL BANCO of RECONSTRUCTION and FOMENT for an amount equal to DOLARES STADOUNIDENSES SETENTA and CINCO MILL. The text of the English-language Loan Convention and its translation into the Spanish language are part of this Decree as Annex I, the General Conditions applicable to the Loan and Guarantee Agreements for Unique Currency Loans of the INTERNATIONAL RECONSTRUCTION AND FOMENT BANCO, dated 30 May 1995, which consists of DOCE (12) articles and CINCUENTA sections and SIETE (57)

Art. 2o-Please refer to the Minister of Economics and Public Works and Services or to the official or officials designated by him to sign, on behalf of and representation of the ARGENTINA REPUBLIC, the Loan Agreement with the INTERNATIONAL RECONSTRUCTION AND FOMENT BANCO and all its additional documentation regarding the model approved by Article 1 of this Decree.

Art. 3o-Faculta al señor Ministro de Economía y Obras y Servicios Públicos o al funcionario o funcionarios que el mismo designe, a convenir y subscribe en nombre y representación de la REPUBLICA ARGENTINA, modificación a Préstamo Convention, cayo modelo se a approve por el Article 1o de este Decreto, siempre que las mismos no constitute substantial changes to the object and destination of the Préstamo, ni result in an increase in its amount or modification.

Art. 4o-Please refer to the Minister of Economics and Public Works and Services or to the official or officials designated by him, to agree and subscribe on behalf of and representation of the ARGENTINA REPUBLIC, the Subsidiary Loan Agreement with the SALTA PROVINCIA.

Art. 5o-Authorize the SECRETARIAT OF PUBLIC ARTWS of the MINISTERY OF ECONOMY AND ARTWS AND PUBLIC SERVICES, to designate as a coordinating unit for the execution of the loan, the Coordinating Unit of the "PROGRAMME PROGRAMME IN THE PROVINCIAL PREVISIONAL REFORM".

Art. 6o-Authorize the SECRETARIAT OF PUBLIC ARTWS of the MINISTERY OF ECONOMY AND ARTWS AND PUBLIC SERVICES, to proceed to the opening of a Special Account in the BANCO CENTRAL OF THE ARGENTINA REPUBUSE under the conditions provided for in section 2.02 of the model of the Loan Convention, approved by Article 1 of this Decree. This Special Account may be used to transfer funds from other loans to other provinces that are implemented within the framework of the "Provisional Information System".

Art. 7o-Contact, post, give to the National Directorate of the Official Register and archívase.- MENEM.- Jorge A. Rodríguez.- Roque B. Fernández.

NOTE: This Decree is issued without Annexes. Unpublished documentation can be consulted at the headquarters of this National Directorate (Suipacha 767, Capital Federal).