Papua New Guinea - Second Telecommunications Project

CIRCULATING COPY, S RESTRICTED TO BE RETURNED TO REPORTS DME Report No. P-1057 FILE COPY This report is for official use only by the Bank Group and specifically authorized organizations or persons. It may not be published, quoted or cited without Bank Group authorization.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 BANK FOR RECONSTRUCTION AND DEVELOPMENT REPORT AND RECOMMENDATION OF THE PR ESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN TO PAPUA NEW GUINEA FOR A SECOND TELECOMMUNICATIONS PROJECT April 12, 1972   INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPHENT REPORT AND RECOMMENDATIDN OF THE PRESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED IDAN TO PAPUA NEW GUINEA FOR A SECOND TELECOMMNICATDDNS PROJECT 1. I submit the following report and recommendation on a proposed loan to Papua New Guinea with the guarantee of the Commonwealth of Australia for the equivalent of $10 million to help finance a second-telecommunications project. The loan would have a term of twenty years, including four years of grace, with interest at 7