Artikel I

Section 1.01. Except where the context otherwise requires, the following terms have the following meanings wherever used in this Agreement:
1. “Bank” means International Bank for Reconstruction and Development.
2. “Fund” means the Nam Ngum Development Fund established by this Agreement.
3. “Administrator” means the Bank acting in the capacity of Administrator of the Fund.
4. “Project” means the project described in the Schedule to this Agreement, with such changes as may be agreed upon between the Parties.
5. “Goods” means equipment, supplies and services required to construct and carry out the Project or for the carrying out of the Administrator's duties hereunder.
6. “Currency” means such coin or currency as at the time referred to is legal tender for the payment of public or private debts in the territories of the government referred to.
7. “Dollars” and “$” mean the currency of the United States of America.
8. “Kip” means the currency of Laos.
9. “Parties” means the Governments named in the Preamble to this Agreement and the Bank, and any other Government or institution which shall become a parity to this Agreement pursuant to Article XI.
10. “Contributing Parties” means those Parties who agree to make contributions to the Fund pursuant to this Agreement.