Zambia - Third Education Project

DOCUMENT OF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION Not For Public Use Report No. P-1229a-ZA REPORT AND RECOMMENDATION OF THE PRESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN TO THE REPUBLIC OF ZAMBIA FOR A THIRD EDUCATION PROJECT May 15, 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 It may not be published, quoted or cited without Bank Group authorization.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 co'mpleteness of the report.  CURRENICY EQJIVALENTS 7arnbian Kwacha (K)1 = US$1.56 US$1 = KO.64 GOVERNMEN'T OF REPUBLIC OF ZAMBIA FISCAL YEAR January 1 - December 31  INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT REPORT AND RECOITMENDATION OF THE PRESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN TO THE REPUBLIC OF ZAMBIA FOR A THIRD EDUCATION PROJECT 1. I submit the following report and recommendation on a proposed loan to the Republic of Zambia for the equivalent of US$33.0 million to help finance a project for agricultural, health and general education. The loan would have a term of 25 years, including 10 years of grace, with interest at 7-