Singapore - Education Project

CIRCULATMG COPY TO BE RETURNED TO REPORTS DnW Report No. P-1020 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 It may not be published, quoted or cited without Bank Group authorization.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 PRESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN TO THE REPUBLIC OF SINGAPORE FOR AN EDUCATION PROJECT January 27, 1972  INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT REPORT AND RECOMMENDATIDN OF THE PRESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN TO THE REPUBLIC OF SINGAPORE FOR AN EDUCATION PROJECT (THE UNIVERSITY OF SINGAPORE) 1. I submit the following report and recommendation on a proposed loan to the Republic of Singapore for the equivalent of US$9.5 million to finance the foreign exchange cost of the expansion and relocation of the University of Singapore. The loan would have a term of 20 years, including 5 years of grace, with interest at 7