Morocco - First Telecommunications Project

Damenut cf lhe World Bank FOR OFFICIAL USE ONLY Report No. P-4478-MOR REPORT AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT TO TUE EXECUTIVE DIRECTORS ON A PROPOSED LOAN IN AN AMOUNT EQUIVALENT TO US t125 MILLION TO THE OFFICE NATIONAL DES POSTES ET TELECOMMUNICATIONS WITH THE GUARANTEE OF THE KINGDOM OF MOROCCO FOR A FIRST TELECOMMUNICATIONS PROJECT March 5, 1987 This document has a restricted distribution and may bc used by recipiens only in the performance of Lheir officiai duties. Its contents may not otherwise bc disclosed without Worid Bank authorization-  CURREUICY EQUWALENTS As of January 22, 1987 Currency Unit Moroccan Dirham (DH) $1.00 = DR 9.00 DH 1.00 $0.111 DH 1,000,000 = $111,100 FISCAL YEAR Covernment and ONPT: January 1 - December 31 ABBREVIALTIONS A&ND ACRONYMS CCP Comptes Ch