CREDIT NUMBER 75970-SN Financing Agreement (Integrated Water Security and Sanitation Project as Phase 1 of the Integrated Water Security and Sanitation Program utilizing the Multi-Phase Programmatic Approach) between REPUBLIC OF SENEGAL and INTERNATIONAL DEVELOPMENT ASSOCIATION FINANCING AGREEMENT AGREEMENT dated as of the Signature Date between REPUBLIC OF SENEGAL (“Recipient”) and INTERNATIONAL DEVELOPMENT ASSOCIATION (“Association”). The Recipient and the Association hereby agree as follows: ARTICLE I — GENERAL CONDITIONS; DEFINITIONS 1.01. The General Conditions (as defined in the Appendix to this Agreement) apply to and form part of this Agreement. 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 Appendix to this Agreement. Terms in italics refer to locations in Senegal. ARTICLE II — FINANCING 2.01. The Association agrees to extend to the Recipient a credit, which is deemed as Non-concessional Financing for purposes of the General Conditions, in the amount of one hundred and eighty six million five hundred thousand Euros (€ 186,500,000), as such amount may be converted from time to time through a Currency Conversion (variously, “Credit” and “Financing”), to assist in financing the project described in Schedule 1 to this Agreement (“Project”). 2.02. The Recipient may withdraw the proceeds of the Financing in accordance with Section III of Schedule 2 to this Agreement. 2.03. The Front-end Fee is one quarter of one percent (¼ of 1%) of the Credit amount. 2.04. The Commitment Charge is one-quarter of one percent (¼ of 1%) per annum on the Unwithdrawn Credit Balance. 2.05. The Interest Charge is the Reference Rate plus the Variable Spread or such rate as may apply following a Conversion; subject to Section 3.09(e) of the General Conditions. 2.06. The Payment Dates are February 15 and August 15 in each year. 2.07. The principal amount of the Credit shall be repaid in accordance with the repayment schedule set forth in Schedule 3 to this Agreement. ARTICLE III — PROJECT 3.01. The Recipient declares its commitment to the objective of the Project and the MPA Program. To this end, the Recipient shall carry out the Project in accordance with -2- the provisions of Article V of the General Conditions and Schedule 2 to this Agreement. ARTICLE IV — EFFECTIVENESS; TERMINATION 4.02. The Effectiveness Deadline is the date ninety (90) days after the Signature Date. 4.02 For purposes of Section 10.05 (b) of the General Conditions, the date on which the obligations of the Recipient under this Agreement (other than those providing for payment obligations) shall terminate is twenty (20) years after the Signature Date. ARTICLE V — REPRESENTATIVE; ADDRESSES 5.01. The Recipient’s Representative is its Minister responsible for finance. 5.02. For purposes of Section 11.01 of the General Conditions: (a) the Recipient’s address is: Ministère des Finances et du Budget Rue René Ndiaye x Avenue Carde BP 4017 Dakar Senegal; and (b) the Recipient’s Electronic Address is: Facsimile: E-mail: + 221-33822-4195 sfall@minfinances.sn 5.03. For purposes of Section 11.01 of the General Conditions: (a) the Association’s address is: International Development Association 1818 H Street, N.W. Washington, D.C. 20433 United States of America; and (b) the Association’s Electronic Address is: Telex: Facsimile: E-mail: 248423 (MCI) 1-202-477-6391 worldbank-senegal@worldbank.org -3- AGREED as of the Signature Date. REPUBLIC OF SENEGAL By _____________________________________/s1/ Authorized Representative Cheikh DIBA Name: __________________________/n1/ Ministre des Finances et du Budget Title: __________________________/t1/ 29-Jul-2024 Date: __________________________/d1/ INTERNATIONAL DEVELOPMENT ASSOCIATION By _____________________________________/s2/ Authorized Representative Keiko Miwa Name: __________________________/n2/ Country Director Title: __________________________/t2/ 26-Jun-2024 Date: __________________________/d2/ -4- SCHEDULE 1 Project Description The objective of the Project is to improve access to safely managed sanitation and water resources management capability in priority water security areas. The Project constitutes a phase of the MPA Program, and consists of the following parts: Part 1: Water Resources Management and Protection 1.1 Restoring Strategic Water Resources of Lac de Guiers. Design, construction and works supervision to improve the hydraulic structure on the Lac de Guiers and Taouey Canal, including: (a) rehabilitation of the Richard Toll intake infrastructure and equipment; (b) rehabilitation, raising and strengthening of dikes around Lac de Guiers; (c) associated engineering and environmental and social studies, and works supervision; (d) studies to update the pollution management plan of Lac de Guiers; (e) feasibility studies for the improvement of the water resources of Saint Louis; and (f) feasibility studies for the valorization of typha plants into biochar and biogas. 1.2 Improving Diass and Littoral Nord groundwater recharge and management. (a) Identification, feasibility studies, engineering designs, environmental and social studies, construction (and supervision of works) of aquifer recharge infrastructure, including associated hydrogeological monitoring equipment and nature based solutions (such as retention systems, soil restoration, construction of terraces, bunds along contour lines); and technical assistance for their management and maintenance; and (b) rehabilitation (and supervision of works) of Panthior small dam, including the implementation of nature-based landscaping solutions. 1.3 Strengthening Water Resources Management Governance and Developing New Water Sources in the Niayes area and in the Groundnut Basin. (a) DGPRE’s capacity, resources and management tool strengthening; establishment and operation of decentralized consultative committees on water planning and management; (b) feasibility studies and environmental and social designs for water resources development and protection infrastructure in the Dakar-Mbour-Thiès, Diass, Littoral Nord and Lac de Guiers areas; (c) studies to improve water security in the Niayes area and Groundnut Basin; and (d) exploratory hydrogeological studies in the Sebikhotane area. Part 2: Improving Sanitation in a Circular Economy 2.1 Improving Access to Urban Sanitation. (a) Feasibility studies, design, construction (and supervision of works), environmental and social studies and transaction advisory services for sewerage systems, wastewater treatment facilities (including tertiary treatment) and conveyance systems on the Dakar’s Eastern sewerage system and in the -5- Niayes area, for irrigation and aquifer recharge and receiving reservoirs; and (b) technical assistance for information, education and communication in support of sanitation improvement activities. 2.2 Strengthening Irrigation Systems. (a) Feasibility studies, engineering designs, environmental and social studies, construction and works supervision for the construction and rehabilitation of irrigation systems with solar photovoltaic pumping and associated hydraulic infrastructure , in the Diender Valley (Niayes) reusing treated wastewater; (b) feasibility studies, engineering designs, environmental and social studies, construction and works supervision for the construction and rehabilitation of irrigation systems and associated hydraulic infrastructure and irrigation systems in Beer Thiélane; (c) technical assistance for communication and outreach on wastewater reuse, market assessment and capacity building of market gardeners; and (d) supply of agricultural intrants, including equipment, fertilizers and horticultural seeds. 2.3 Improving Access to Rural Sanitation. Feasibility studies, engineering design, and environmental and social studies for the expansion of onsite sanitation facilities, including mapping of sanitation needs around Lac de Guiers, and study and piloting of the technologies suitable to the area. Part 3: Improving Water Supply Services 3.1 Improving urban water supply services. (a) Preparatory activities, works and construction supervision for non-revenue water reduction including sectorization of the water supply network and identification and implementation of measures to reduce water wastage and promote water conservation; (b) engineering studies, engineering designs, environmental and social studies and technical assistance to SONES for the development of water supply systems, including technical assistance for the mobilization of private capital when relevant. 3.2 Improving rural water supply services. Preparatory activities for the expansion and efficiency improvement of rural water supply services, including feasibility studies, detailed designs, environmental and social studies for the construction of multi-village water supply systems in the regions of Sédhiou, Tambacounda and Kolda, and engineering and environmental and social studies for the reduction of non-revenue water in Tambacounda. Part 4: Sector Reform, Strengthening Citizen Engagement, and Project Management 4.1 Sector reforms. (a) Preparation of a strategy to promote the application of circular economy principles in the sector, including energy efficiency optimization and renewable energy, treated wastewater for reuse and scale up of biogas generation and reutilization, and potential markets for treated sludge reuse; (b) technical assistance for the identification of opportunities for partnerships with the private sector, contract structuring, technical and -6- financial modeling, and transaction management; (c) review of water resource management sector reform options (organization framework, process and consultative mechanisms) and identification of institutional arrangement for agricultural water management in the Niayes area; (d) analysis of selected ongoing concession, performance and affermage contracts in the water and sanitation sector; and (e) technical assistance for the modernization of the urban sanitation sector institutional and financial frameworks. 4.2 Citizen engagement. (a) Development of consultation and feedback mechanisms; (b) public availability and use of feedback; (c) joint capacity building activities; and (d) design and implementation of hygiene promotion campaigns. 4.3 Project management. Provision of resources and technical assistance for the management of the Project activities, the supervision, monitoring and evaluation of the Project, and the operation of the units responsible for these activities. -7- SCHEDULE 2 Project Execution Section I. Implementation Arrangements A. Institutional Arrangements. 1. Project Steering Committee (a) The Recipient shall establish, no later than one (1) month after the Effective Date, and thereafter maintain, throughout the period of implementation of the Project, a committee (the “Project Steering Committee”) with terms of reference, composition and resources acceptable to the Association. (b) Without limitation to the generality of Section I.A.1(a) of this Schedule, the Project Steering Committee shall: (i) be responsible for, among other things, the general oversight of the Project; the provision of strategic guidance and sector coordination; the effective collaboration and cooperation between all key stakeholders; the approval the Annual Work Plans and Budgets; and the review the Project Reports; and (ii) include representatives of the Recipient’s key ministries and national agencies involved in the implementation of the Project, including, among others, MHA, MFB, MEPC, MASAE, SONES, ONAS, OLAC and, each designated with sufficient authority to personally and actively contribute to the discussion and decision making during the Project Steering Committee meetings. 2. Project Coordination Unit (a) The Recipient shall maintain, throughout the period of implementation of the Project, MHA’s unit responsible for programs planification, coordination and monitoring (“Project Coordination Unit”) with terms of reference, composition and resources acceptable to the Association. (b) Without limitation to the generality of Section I.A.2(a) of this Schedule, the Project Coordination Unit shall: (i) be responsible for, among other things, the planification, procurement and provision of support to Public Agencies for procurement and contract management, management, coordination, supervision, payment, monitoring and evaluation of the activities implemented under the Project and corresponding reporting, all in coordination with the relevant other MHA’s units in charge of specific aspects thereof, to ensure that the funds of the Financing are used for activities implemented in a manner which complies with the obligations of the Recipient included or referred to in this Agreement; and -8- (ii) maintain the following key staff for the Project (and ensure that such positions will remain filled throughout the period of implementation of the Project): a Project coordinator, a procurement specialist, a financial management specialist, an operation manager, a monitoring and evaluation specialist, as well as, from a date not later than two (2) months from the Effective Date, a health and security at work specialist and, thereafter, any staff in charge of the identification and mitigation of the environmental and social impacts of the Project which may be further described in the ESCP, each selected on the basis of terms of reference, qualification and reference acceptable to the Association; and (iii) call upon the services of additional personnel of the MHA, ensure that it has personnel in adequate number to manage its overall workload of the unit, and contract the services of additional experts as and when needed for the implementation of the Project, each on the basis of terms of reference, qualification and reference acceptable to the Association. 3. Public Agencies. (a) Project activities which fall under the specific mandate of a Recipient’s dedicated agency, such as SONES for activities under Part 3.1 of the Project, ONAS for activities under Part 2.1 of the Project or OLAC for activities under Part 1.1 of the Project (each an “Public Agency”), shall be carried out by the relevant Public Agency, including procurement, environmental and social aspects (with the support of the Project Coordination Unit when needed). (b) The Recipient shall: (i) prior to starting the carry out of an activity under the Project by an Public Agency, ensure that such Public Agency has the resources and expertise required to ensure compliance with the Recipient’s obligations in connection with the use of the Financing; and (ii) without limitation to the generality of Section I.A.3(b)(i) of this Schedule, ensure that OLAC has recruited a social safeguard specialist, with terms of reference, qualifications, and experience acceptable to the Association, no later than one month after the Effective Date. B. Project Implementation Manual 1. (a) The Recipient shall develop and adopt, no later than one (1) month after the Effective Date a manual or set of manuals for the Project (referred to, collectively or individually, as the “Project Implementation Manual” or “PIM”) in form and substance acceptable to the Association. (b) Without limitation to the generality of Section I.B.1(a) of this Schedule, the Project implementation Manual shall contain: (i) a detailed and sequenced description of the Project activities with a timeline and ongoing -9- planning and budgeting procedures and staffing plan, (ii) descriptions and guidelines for the application of all implementation, monitoring and evaluation arrangements, reporting, financial management procedures, contract management, grievance redress mechanism, procurement procedures and procedures to implement to comply with the Anticorruption Guidelines and the Environmental and Social Standards, including resources building plans and inspection matters; and (iii) such other administrative, financial, technical and organizational arrangements and procedures as shall be required for purposes of implementing the Project. 2. The Recipient shall ensure that, throughout the period of implementation of the Project, the Project is implemented in accordance with the provisions of the PIM. 3. The Recipient shall refrain from amending, suspending, waiving, and/or voiding any provision of the PIM, whether in whole or in part, without the prior written concurrence of the Association. In the event of a conflict between the provisions of the PIM and those of this Agreement, the provision of this Agreement shall prevail. C. Annual Work Plans and Budgets 1. The Recipient shall, not later than one (1) month after the Effective Date for the Fiscal Year in which this Agreement shall become effective, and September 1 of each subsequent Fiscal Year, consolidate and furnish to the Association for the Association’s no objection, a consolidated annual program of activi ties proposed for implementation under the Project during the following Fiscal Year, together with a proposed budget which shall include the funds from the Financing, as well as any other funds which may become available for the implementation of the Project. 2. Without limitation to the provision of Section I.C.1 of this Schedule, each annual work plan and budget prepared under Section I.C.1 of this Schedule shall set forth: (a) a detailed description of the planned activities, including any proposed conferences and training, under the Project for the period covered by the plan; (b) the sources and proposed use of funds therefor (including the Recipient’s counterpart financing); (c) procurement and environmental and social arrangements therefor, as applicable, and; (d) responsibility for the execution of said Project activities, budgets, start and completion dates, outputs and monitoring indicators to track progress of each activity. 3. The Recipient shall exchange views with the Association on each such proposed consolidated annual work plan and budget, and take into account comments which the Association may have, before finalizing its annual work plan and budget not -10- later than one (1) month after the date referred to in Section I.C.1 of this Schedule (once finalized, an “Annual Work Plan and Budget”). 4. The Recipient shall carry out the activities included in each of the Annual Work Plans and Budgets during the Fiscal Year to which they relate. Annual Work Plans and Budgets may be revised during the Fiscal Year to which they relate, with the prior written agreement of the Association. D. Environmental and Social Standards 1. The Recipient shall ensure that the Project is carried out in accordance with the Environmental and Social Standards, in a manner acceptable to the Association. 2. Without limitation upon paragraph 1 above, the Recipient shall ensure that the Project is implemented in accordance with the Environmental and Social Commitment Plan (“ESCP”), in a manner acceptable to the Association. To this end, the Recipient shall ensure that: (a) the measures and actions specified in the ESCP are implemented with due diligence and efficiency, as provided in the ESCP; (b) sufficient funds are available to cover the costs of implementing the ESCP; (c) policies and procedures are maintained, and qualified and experienced staff in adequate numbers are retained to implement the ESCP, as provided in the ESCP; and (d) the ESCP, or any provision thereof, is not amended, repealed, suspended or waived, except as the Association shall otherwise agree in writing, as specified in the ESCP, and ensure that the revised ESCP is disclosed promptly thereafter. 3. Without limitation upon the provisions of Paragraph 2 immediately above, if six (6) months prior to the Closing Date (or such other date which the Association considers adequate in light of this shortcoming), the Association determines that there are measures and actions specified in the ESCP which will not be completed by the Closing Date, the Recipient shall: (a) not later than five (5) months before the Closing Date (or such other date which the Association considers adequate in light of this shortcoming), prepare and present to the Association, an action plan satisfactory to the Association on the outstanding measures and actions, including a timetable and budget allocation for such measures and actions (which action plan shall deemed to be considered an amendment of the ESCP); and (b) thereafter, carry out said action plan in accordance with its terms and in a manner acceptable to the Association. -11- 4. In case of any inconsistencies between the ESCP and the provisions of this Agreement, the provisions of this Agreement shall prevail. 5. The Recipient shall ensure that: (a) all measures necessary are taken to collect, compile, and furnish to the Association through regular reports, with the frequency specified in the ESCP, and promptly in a separate report or reports, if so requested by the Association, information on the status of compliance with the ESCP and the environmental and social instruments referred to therein, all such reports in form and substance acceptable to the Association, setting out, inter alia: (i) the status of implementation of the ESCP; (ii) conditions, if any, which interfere or threaten to interfere with the implementation of the ESCP; and (iii) corrective and preventive measures taken or required to be taken to address such conditions; and (b) the Association is promptly notified of any incident or accident related to or having an impact on the Project which has, or is likely to have, a significant adverse effect on the environment, the affected communities, the public or workers, in accordance with the ESCP, the environmental and social instruments referenced therein and the Environmental and Social Standards. 6. The Recipient shall establish, publicize, maintain and operate an accessible grievance mechanism, to receive and facilitate resolution of concerns and grievances of Project-affected people, and take all measures necessary and appropriate to resolve, or facilitate the resolution of, such concerns and grievances, in a manner acceptable to the Association. 7. The Recipient shall ensure that all bidding documents and contracts for civil works under the Project include the obligation of contractors, subcontractors and supervising entities to: (a) comply with the relevant aspects of ESCP and the environmental and social instruments referred to therein; and (b) adopt and enforce codes of conduct that should be provided to and signed by all workers, detailing measures to address environmental, social, health and safety risks, and the risks of sexual exploitation and abuse, sexual harassment and violence against children, all as applicable to such civil works commissioned or carried out pursuant to said contracts. Section II. Project Monitoring, Reporting and Evaluation The Recipient shall furnish to the Association each Project Report not later than forty-five (45) days after the end of each calendar quarter, covering the calendar quarter. -12- Section III. Withdrawal of the Proceeds of the Financing A. General Without limitation upon the provisions of Article II of the General Conditions and in accordance with the Disbursement and Financial Information Letter, the Recipient may withdraw the proceeds of the Financing to: (a) finance Eligible Expenditures; and (b) repay the Preparation Advance; in the amount allocated and, if applicable, up to the percentage set forth against each Category of the following table: Category Amount of the Credit Percentage of (expressed in EUR) Expenditures to be Financed (inclusive of Taxes) (1) Goods, works, non-consulting 181,748,000 100% services, consulting services, Incremental Operating Costs and Training for the Project excluding Land Expenditures (2) Refund of Preparation 4,752,000 Amount Advance payable pursuant to Section 2.07 (a) of the General Conditions TOTAL AMOUNT 186,500,000 B. Withdrawal Conditions; Withdrawal Period 1. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made for payments made prior to the Signature Date 2. The Closing Date is June 30, 2031. -13- SCHEDULE 3 Repayment Schedule Principal Amount of the Credit Date Payment Due repayable (expressed as a percentage)* On each February 15 and August 15: commencing August 15, 2033 to and including 2.38% August 15, 2053 on February 15, 2054_______ 2.42% * The percentages represent the percentage of the principal amount of the Credit to be repaid, except as the Association may otherwise specify pursuant to Section 3.05 (b) of the General Conditions. -14- APPENDIX Definitions 1. “Annual Work Plan and Budget” means the plan and corresponding budget to be prepared annually by the Recipient in accordance with Section I.C.1 and 2 of Schedule 2 to this Agreement, which has been finalized in a manner which incorporates the comments provided by the Association in accordance with Section I.C.3 of Schedule 2 to this Agreement. 2. “Anti-Corruption Guidelines” means, for purposes of paragraph 5 of the Appendix to the General Conditions, the “Guidelines on Preventing and Combating Fraud and Corruption in Projects Financed by IBRD Loans and IDA Credits and Grants”, dated October 15, 2006 and revised in January 2011 and as of July 1, 2016. 3. “Category” means a category set forth in the table in Section III.A of Schedule 2 to this Agreement. 4. “Environmental and Social Commitment Plan” or “ESCP” means the environmental and social commitment plan for the Project, dated May 16, 2024, as the same may be amended from time to time in accordance with the provisions thereof, which sets out the material measures and actions that the Recipient shall carry out or cause to be carried out to address the potential environmental and social risks and impacts of the Project, including the timeframes of the actions and measures, institutional, staffing, training, monitoring and reporting arrangements, and any environmental and social instruments to be prepared thereunder. 5. “Environmental and Social Standards” or “ESSs” means, collectively: (i) “Environmental and Social Standard 1: Assessment and Management of Environmental and Social Risks and Impacts”; (ii) “Environmental and Social Standard 2: Labor and Working Conditions”; (iii) “Environmental and Social Standard 3: Resource Efficiency and Pollution Prevention and Management”; (iv) “Environmental and Social Standard 4: Community Health and Safety”; (v) “Environmental and Social Standard 5: Land Acquisition, Restrictions on Land Use and Involuntary Resettlement”; (vi) “Environmental and Social Standard 6: Biodiversity Conservation and Sustainable Management of Living Natural Resources”; (vii) “Environmental and Social Standard 7: Indigenous Peoples/Sub- Saharan African Historically Underserved Traditional Local Communities”; (viii) “Environmental and Social Standard 8: Cultural Heritage”; (ix) “Environmental and Social Standard 9: Financial Intermediaries”; (x) “Environmental and Social Standard 10: Stakeholder Engagement and Information Disclosure”; effective on October 1, 2018, as published by the Association. -15- 6. “Fiscal Year” means a period of twelve consecutive calendar months starting on January 1 each year. 7. “General Conditions” means the “International Development Association General Conditions for IDA Financing, Investment Project Financing”, dated December 14, 2018 (Last revised on July 15, 2023). 8. “Incremental Operating Costs” means the incremental operating expenses of the Project Coordination Unit or any of the Public Agency, based on Annual Work Plans and Budgets, on account of the Project management, consisting of operation and maintenance costs of office, vehicles, water and electricity utilities, telephone, office supplies, bank charges, salaries of contractual staff, travel and supervision costs including per diem, but excluding the salaries, indemnities and meeting allowances, other sitting allowances, salary top ups and all honoraria of officials and public servants of the Recipient’s civil service, 9. “Land Expenditures” means land expenditures, including compensation for land acquisition related to the implementation of a resettlement instrument, or cash compensation and other assistance paid in cash for involuntary resettlement. 10. “MASAE” means Ministère de l’Agriculture de la Souveraineté alimentaire et de l’Elevage, the Recipient’s ministry responsible for agriculture, or any successor thereto. 11. “MEPC” means Ministère de l’Economie, du Plan et de la Coopération, the Recipient’s ministry responsible for economie, or any successor thereto 12. “MFB” means Ministère des Finances et du Budget, the Recipient’s ministry responsible for finance, or any successor thereto. 13. “MHA” means Ministère de l’Hydraulique et de l’Assainissement, the Recipient’s ministry responsible for water and sanitation, or any successor thereto. 14. “MPA Program” means the multiphase programmatic approach program designed to improve water security in selected areas of Senegal. 15. “OLAC” means Office des Lacs et des Cours d’Eau, a public entity established under the Ministry responsible for water by the Recipient’s law n° 2017-17 dated April 5, 2017, responsible for the management of lakes and rivers in Senegal. 16. “ONAS” means Office National de l’Assainissement du Sénégal, a public entity established by the Recipient’s law n° 96-02 dated February 22, 1996, and organized by decree no. 2023-1004 dated May 8, 2023, responsible for the management of the sanitation sector. -16- 17. “Preparation Advance” means the advance no. V478-SN referred to in Section 2.07 (a) of the General Conditions, granted by the Association to the Recipient pursuant to the letter agreement signed on behalf of the Association on April 3rd, 2023, and on behalf of the Recipient on April 28, 2023. 18. “Procurement Regulations” means, for purposes of paragraph 85 of the Appendix to the General Conditions, the “World Bank Procurement Regulations for IPF Borrowers”, dated September 2023. 19. “Project Implementation Manual” or “PIM” means the Recipient’s manual to be developed and adopted in accordance with Section I.B.1 of Schedule 2 to this Agreement. 20. “Project Coordination Unit” means Cellule de Planification, de Coordination et de Suivi des Programmes in the MHA established pursuant to the Recipient’s decree no. 2018-1367 portant organisation du Ministère de l’Hydralique et de l’Assainissement. 21. “Project Steering Committee” means the committee to be established for the Project in accordance with Section I.A.1 of Schedule 2 to this Agreement. 22. “Public Agency” means, individually, as the context may require, SONES, ONAS or OLAC, and “Implementing Agencies” means, collectively, SONES, ONAS and OLAC. 23. “Senegal” means the Recipient’s territory. 24. “SONES” means Société Nationale des Eaux de Sénégal a public company established by the Recipient’s law n°95-10 of April 7, 1995, reforming the urban hydraulic sub-sector, to which the Recipient has delegated its responsibilities for the management of its water asset including their planification, financing and construction, and the supervision of its management and operation. 25. “Signature Date” means the later of the two dates on which the Recipient and the Association signed this Agreement and such definition applies to all references to “the date of the Financing Agreement” in the General Conditions. 26. “Training” means the reasonable cost, as approved by the Association through an Annual Work Plan and Budget, of training, study tours, conferences and workshops conducted and/or attended by staff from the Recipient and/or other stakeholders, in the territory of the Recipient or, subject to the Association’s prior no objection, overseas, including the purchase and publication of materials, rental of facilities, course fees, and lodging, travel expenses and per diems for trainers and/or trainees.