Afghanistan - Industrial Development Bank Project

DOCUMENT OF INTERNATIONAL DEVELOPMENT ASSOCIATION DOCUMENT OF INTERNATIONAL FINANCE CORPORATION Not For Public lUse gL E Report No. P-1178a-AF REPORT AND RECOMMENDATION OF THE PRESIDENT TO THE EXECUTIVE DIRECTORS OF THE ASSOCIATION AND TO THE BOARD OF DIRECTORS OF THE CORPORATION ON A PROPOSED CREDIT BY THE ASSOCIATION TO THE KINGDOM OF AFGHANISTAN AND ON AN INVESTMENT BY THE CORPORATION IN THE INDUSTRIAL DEVELOPMENT BANK OF AFGHANISTAN. A DEVELOPMENT FINANCE COMPANY April 10, 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 It may not be published, quoted or cited without Bank Group authorization.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.   INTERNATIONAL DE7L7h.( 'MENT ASSOCIhTArnTT INTERNIATIONTAL FJANI 'TlE CORPORA TTCGJ REPORT A:D REC JENDA'I'OiJ o' 'TOT ?OESTE1 T TIC TTlE EXECUTFE DIRECTORS CF T1E1 ASSOC,ATIGON AND TO THE BOP2Ll OF DIRECTORS OF THE CORPCATION ON A PROPOSE CR3ED TY Ti-ME ASSOCIATION TCi T7*. kTNGDCE 0OP AFGITANISTAhN ON AN TNTESTJIr2ENT DY THJE CORPOrtA-jIul,- W INDUSTRIAL DEVELOFIEm-'T BANK OF A.FGHfJISTAN A DEVEL. 'T ' FINANCE C t7KPA7Ny 1. ] submit the following report and recr)rri,;endat on , cvj a prooco&I development credit by the Associati of to the Kingdom of Afghan.istan for t,he eoiixralcns of LTS2.C' mi l.lion on standard !DA term,s and on a ,rrnposed equitv investrment by the Corporation of about, US$250,oo1/ equiva.len 1' j l the Industrial Development Bank of Afghani-stan (IDEA), a new develcpnrmoi,t finciance companiv. The proceeds of the IDA credit would be onlent to IDBMA at 7