Papua New Guinea - Smallholder Livestock Credit Project

FILL CPY, DOCUMENT OF INTERNATIONAL DEVELOPMENT ASSOCIATION Not For Public Use Report No. P-1124 REPORT AND RECOMMENDATION OF THE PRESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT TO PAPUA NEW GUINEA FOR A LIVESTOCK PROJECT October 19, 1972 This report was prepared for ofricial 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 It may not be published, quoted or cited without Bank Group authorization.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 DEVELOPMENT ASSOCIATION REPORT AND RECOMMENDATION OF THE PRESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT TO PAPUA NEW GUINEA FOR A LIVESTOCK PROJECT 1. I submit the following report and recommendation on a proposed devel- opment credit of US$5.O million to Papua New Guinea, most of which is to be relent to the Papua New Guinea Development Bank (PNGDB) for a term of fifteen years, including five years of grace, at an interest rate of 1