Mexico - Las Truchas Steel Project

CIRCULATING COPY HLE3 CftuPY TO BE RETURNED TO REPORTS DESK DOCUMENT OF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION Not For Public Use Report No. P-130 7-ME REPORT AND RECOMMENDATION OF THE PRESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN TO SIDERURGICA LAZARO CARDENAS - LAS TRUCHAS, S.A. AND NACIONAL FINANCIERA, S.A. WITH THE GUARANTEE OF UNITED MEXICAN STATES FOR A STEEL PROJECT August 21, 1973 Latin America and the Caribbean Department 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 It may not be published, quoted or cited without Bank Group authorization.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 US$1 = Mex$12.5 Mex$1 = US$0.08 Mex$1 million = US$80,000  INTE&NATIONAL BANK FOR RECONSTRUCTIO; AND DEVELOPMEN REPORT AND RECOMMEDATION OF THE PRESIDENT TO THE CECUTIVE DIRECTORS ON A PROPOSED LOAN TO SIDERURGICA LAZARO CARDENAS - LAS TRUCHAS, S.A. AND NACIONAL FINANCIERA., S.A. WITH THE GUARANTEE OF UNITED MEXICAN STATES FOR A STEEL PROJECT 10 I submit the following report and recommandat