Albania - Critical Imports Project

DRcumi of The World Bank FOR OICIAL USE ONLY RP11 No. P-5805-ALB MEMORANDUM AND RECOMMEATION OF THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT OF SDR 30 MILLION TO ALBANIA FOR A CRITICAL IMPORTS PROJECT JUNE 5, 1992 MICROFICHE COPY Report No. P- 5805-ALB Type: (PR) DE THIER, / X32510 / H11045/ EC2AW Tis docemt has a resricted dIsirbuto and may be sed by recipiet only in te performance of ther offical dutes. its cooten may not oerwise be sslused wihow World ak atoratIn  CURRENCY EGUIVALENT Currency Unit - Lek Jan.-Aug. Sept.-Dec. Jan.-May 1987-9Q 0J 1991 1992 US$1 Lek 8.00 10.00 25.00 50.00 ALBANIA - FISCAL YEA January 1- December 31 WEIGHTS AND MEas Metric System BOP Balance of Payments CIF Cost Insurance Freight DPE General Directorate for Power EC European Comunmity ESAF Extended Structural Adjustment Facility GDP Gross Domestic Product GNP Gross National Product IBRD International Bank for Reconstruction and Development IDA International Development Association IN. International Monetary Fund MICA Multilateral Investment Guarantee Agency NGO Non-governmental Organization PFP Policy Framewvork Paper PIU Project Implementation Unit PPF Project Preparation Facility SDR Special Drawing Right SOE Sta..-owned Enterprise UNDP United Nations Development Program USAID United States Agency for International Development  FOR OMCIAL USE ONLY ALBANIA CRITICAL IMPORTS PROJECT Credit and Project Summary Borrower: Government of Albania Amount: SDR 30 million (US$41.1 million equivalent) Terms: Standard, with 40 years maturity Financing Pla: Logal Fgreig4 Total --------- US$ million -- IDA 41.10 41.10 Swiss Grant 2.64 2.64 End-Users 9.24 9.24 Government 2.28 2.28 Total 11.52 43.74 55.26 Economic Rate of Return: Crop and Poultry/Egg Components: greater than 50 percent Other Components: not applicable Im21ementation Volume: available upon request mmz: IBRD No. 23410 This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be dislosed without World Bank authorization.  NEMWRANDUA 4ND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT &n_THE REPUBLIC OF ALBANIA FOR A CRITICAL IMPORTS PROJECT 1. I submit for your approval the following memorandum and recommendation on a proposed development credit to Albania for SDR 30 million (US$41.1 million equivalent), on standard IDA terms with 40 years maturity, to help finance a critical imports project. Economic indicators and a map (IBRD 23410) are attached. An Implementation Volume is available upon request. PART I - COUNTRY POLICIES AND BANK GROUP STRATEGY Backgroud