OFFICIAL
DOCUMENTS
LOAN NUMBER 8707-AR
Guarantee Agreement
(Metropolitan Buenos Aires Urban Transformation Project - Province of Buenos
Aires)
between
ARGENTINE REPUBLIC
and
INTERNATIONAL BANK FOR RECONSTRUCTION
AND DEVELOPMENT
Dated kCWrC}b<at L'  ,201+


LOAN NUMBER 8707-AR
GUARANTEE AGREEMENT
AGREEMENT, dated       be(TWYbr 1A, 2011-, entered       into  between
ARGENTINE REPUBLIC ("Guarantor") and INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT ("Bank") ("Guarantee Agreement") in
connection with the Loan Agreement of same date between the Bank and the Province of
Buenos Aires ("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. The Guarantor declares its commitment to the objective of the
Project. To this end, 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 Finance.
Section 3.02. The Guarantor's Address is:
Ministry of Finance
Hip6lito Yrigoyen 250
C1086 AAB, Buenos Aires
Argentina
Cable:               Telex:              Facsimile:
MINISTERIO
DE FINANZAS          121942-AR           (5411) 4349-8815


Section 3.03. The Bank's Address is:
International Bank for
Reconstruction and Development
1818 H Street, N.W.
Washington, D.C. 20433
United States of America
Cable:               Telex:              Facsimile:
INTBAFRAD            248423 (MCI) or     (202) 477-6391
Washington, D.C.      64145 (MCI)
AGREED at      b"cs        (     P}Q                   , as of the day
and year first above written.
ARGENTINE REPUBLIC
By
Authorize ReprEsentative
Name:       L      AKAC6      W0O
Title:      Mi (SiL r       £(\C 1n CC.
INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT
By
ut ized Representative
Name:                 eniO  Wilit
Title:           f8          C kQW
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