Jordan - Seventh Education Project

Document of The World Bank FOR OFFICIAL USE ONLY Reprt No. P 4620-JO MEMORANDUM AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATICNAL BANK FOR RECONSTRUCTION AND DEVELOPMENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN OF US$40.0 MILLION TO THE HASHEMITE KINGDOM OF JORDAN FOR A SEVENTH EDUCATION PROJECT NOVEMBER 11, 1987 This docment has a reskied dsubuom mid may be used by d ony the perfonmnXe of thewr odal dulbs Its contes may vot othrwise be didosed Wold Bank auhoula|n.  CURRENCY EQUWVALENTS US$ 1.00 = Jordanian Dinar (JD) 0.334 JD 1.00 5 US$2.99 PRINCIPAL ABBREVIATIONS ANI) ACRONIMS EEC - European Economic Community MOE - Ministry of Education GOVERNMENT OF JORDAN FISCAL YMR January 1-December 31  FOR OMCIAL USE ONLY HASHEMITE KINGDOM OF JORDAN SEVENTH EDUCATION PROJECT Loan and Project Summary Borrower: Hashemite Kingdom of Jordan Beneficiaries: Ministries of Education and digher Education Amount: US$40 million equivalent Terms: Seventeen years, including four years grace, at the standard variable interest rate. On-Lending Terms: Not applicable Financing Plan: Government - US$65.8 million Bank - 40.0 million EEC (Grant) - 2.5 million Total jM$1Q8.3 million Economic Rate of Return: Not applicable Staff Appraisal Report: Report No. 6854-JO Map: IBRD 20618 This document has a ricted distibution and may be usod by recipients only in the perfornm.9ce of their official duti. Its contents may not otherwis be disclosed without World Bank autho.;t-.3.  s,+'c pO