OFFICIAL
DOCUMENTS
LOAN NUMBER 8807-MA
Guarantee Agreement
(Casablanca Municipal Support Program)
between
KINGDOM OF MOROCCO
and
INTERNATIONAL BANK FOR RECONSTRUCTION
AND DEVELOPMENT
Dated ,DAbV- 9W1<2017


LOAN NUMBER 8807-MA
GUARANTEE AGREEMENT
AGREEMENT, dated       L4e&(                     , 2017, entered  into
between KINGDOM OF MOROCCO ("Guarantor") and INTERNATIONAL BANK
FOR RECONSTRUCTION AND DEVELOPMENT ("Bank") ("Guarantee Agreement")
in connection with the Loan Agreement of same date between the Bank and
MUNICIPALITY OF CASABLANCA ("Borrower") ("Loan Agreement"). The
Guarantor and the Bank hereby agree as follows:
ARTICLE I - GENERAL CONDITIONS; DEFINITIONS
Section 1.01. The General Conditions (as defined in the Appendix to the Loan
Agreement) constitute an integral part of this Agreement.
Section 1.02. Unless the context requires otherwise, the capitalized terms used in
this Agreement have the meanings ascribed to them in the General Conditions or in the
Loan Agreement.
ARTICLE II - GUARANTEE
Section 2.01. Without limitation or restriction upon any of its other obligations
under the Guarantee Agreement, the Guarantor hereby unconditionally guarantees, as
primary obligor and not as surety merely, the due and punctual payment of all Loan
Payments payable by the Borrower pursuant to the Loan Agreement.
ARTICLE III -REPRESENTATIVE; ADDRESSES
Section 3.01. The Guarantor's Representative is its Minister of Economy and
Finance.
Section 3.02. For purposes of Section 10.01 of the General Conditions: (a) the
Guarantor's address is:
Ministre de l'Economie et des Finances
Avenue Mohammed V
Rabat
Kingdom of Morocco
and (b) the Guarantor's Electronic Address is:
Cable:               Facsimile:


-2-
MINFIN               212-537-76-40-81
Section 3.03. For purposes of Section 10.01 of the General Conditions: (a) the
Bank's address is:
International Bank for Reconstruction and Development
1818 H Street, N.W.
Washington, D.C. 20433
United States of America; and
(b) the Bank's Electronic Address is:
Telex:               Facsimile:
248423(MCI) or       1-202-477-6391
64145(MCI)
AGREED, as of the latest of the two dates written below.
KINGDOM OF MOROCCO
By
L'" Auth  zed Representative
Name:
Date:
INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT
By
Authorized     sentative
Name: mALfirN7&      A.9i     N*6e-N~ELLY
Title: rD   aA.C        /)US t   qF2LC
Date:D    u   ,      Zft   Ro/