Somalia - Agricultural Sector Adjustment Project

Downmnt of The World Bank FOR OFFICIAL USE ONLY C P?. /)//- Se Report No. P-4265-SO REPORT AND RECOMMENDATION TO THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION Tu THE EXECUTIVE DIRECTORS ON A PROPOSED IDA CREDIT OF SDR 26.4 MILLION (US$30.0 MILLION) AND A PROPOSED AFRICAN FACILITY CREDIT OF SDR 28.7 MILLION (US$32.6 MILLION) TO THE SOMALI DEMOCRATIC REPUBLIC IN SUPPORT OF AN AGRICULTURAL SECTOR ADJUSTMENT PROGRAM May 27, 1986 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 disclosed without World Bank authorization.  CURRENCY AND EQUIVALENTS Currency Unit - Somali Shilling (So.Sh.) US$1.00 - So.Sh. 66.50 (Official rate at May 1, 1986) Note: There are also two other recognized exchange rates: a commercial rate determined by the CSBS which is used for levying import duties, for tourists and other smaller transactions; and a free market rate determined by the average of foreign exchange transactions between external account holders in the CSBS. At May 1, 1986, these rates were about So.Sh 85 and 150, respectively, to US$1.00. WEIGHTS AND MEASURES 1 Meter (m) - 3.28 feet (ft) 1 Kilometer (km) - 0.62 mile (mi) 1 Sq. kilometer (km2) = 0.386 square miles (sq mi) I Hectare (ha) = 2.47 acres (ac) I Metric ton (m ton) = 2,204 pounds (lbs) ABBREVIATIONS ADC = Agricultural Development Corporation AIP = Agricultural Inputs Program CIDA = Canadian International Development Agency CG = Consultative Group CIP = Commodity Import Program CSBS = Commercial and Savings Bank of Somalia ENC = National Commercial Agency (Ente Nazionale Commercio) FEAC = Foreign Exchange Auction Committee FRG = Federal Republic of Germany GOS = Government of Somalia HASA = Hides and Skins Agency ICB = International Competitive Bidding MNP = Ministry of National Planning MOA = Ministry of Agriculture MOF = Ministry of Finance MTRP = MediumrTerm Recovery Program ODA = Overseas Development Administration ONAT = Tractor Hire Agency (Organizzazione Nazionale Agricultura Trattore) PIP = Public Investment Program PPF = Project Preparation Facility PU = Procurement Unit SDB = Somali Development Bank SFA = Special Facility for Sub-Sabaran Africa SOMPET = National Petroleum Agency SJF = Special Joint Financing SPPF = Special Project Preparation Facility USAID = United States Agency for International Development FISCAL YEAR January 1 - December 31  FOR OFF0CIL USE ONLY SOMALIA AGRICULTURAL SECTOR ADJUSTMENT PROGRAM CREDIT AND PROGRAM SUMMARY Borrower: Somali Democratic Republic Amount: IDA Credit: SDR 26.4 million (US$30 million equivalent); and the Special Facility for Sub-Saharan Africa Credit: SDR 28.7 million (US$32.6 million equivalent) Beneficiaries: Agricultural producers, agro-industry, rural wage earners, and importers of productive goods and services. Terms: Standard for IDA and the Special Facility for Sub-Saharan Africa. Cofinancing: