Togo - Second Highway Project

FILE COPY CIRCULATING COPY R E RIERNED TO REPORTS DESK DOCUMENT OF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION Not For Public Use Report No. P-1303a-TO REPORT AND RECOMMENDATION OF THE PRESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT TO. TOGO FOR A SECOND HIGHWAY PROJECT November 12, 1973 This report was prepared for official use only by the Bank Group. It may not be published, quoted or cited without Bank Group authorization. The Bank Group does not accept responsibility for the accuracy or completeness of the report.  Currency Equivalents Currency Unit 5 CFA franc (CFAF) Present Rate US$ 1.00 = CFAF 210 OFAF 1 - US$ .oo476 CFAF 1,000 us$ 4.076 Fiscal Year = January 1 t-irough December 310  NTERiNATIONAL DEVE.LOPMENT ASSOCIATION tcEPOaT r_ 4D iECOYENDATION C.F THi P1iESIDENT TO THE EXECUTIVE DITcECTOKS ON A PROPOSED DEVELOPMENT CREDIT TO THE REPUBLIC OF TOGO FOR A SECOND HIGHR'AY PTROJECT 1. I submit the following report and recommendation on a proposed Development Credit to the Republic of Togo for the equivalent of U3S807 million on standard IDA terms to help finance a project for road reconstruction and maintenance. PART I - THE ECONOMY 2. The most recent economic report on Togo, Report N