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RESTRICTED FILE COPY Report No. P-779 This report was prepared for use within the Bank and its affiliated organizations. They do not accept responsibility for its accuracy or completeness. The report may not be published nor may it be quoted as representing their views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT REPORT AND RECOMMENDATION OF THE PRESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN TO COMISION FEDERAL DE ELECTRICIDAD ( COMISION) AND NACIONAL FINANCIERA, S.A. (NAFIN) WITH THE GUARANTEE OF MEXICO FOR THE THIRD POWER SECTOR PROGRAM February 10, 1970 IM-