Morocco - Health Sector Investment Loan Project

Document ofI The World Bank FOR OFFICIAL USE ONLY Av/ 3 L7 L-3A1Ci7 Report No. P-5162-MOR MEMORANDUM AND RECOMMENDATIONS OF THE PRESIDENT OF THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN IN AN AMOUNT EQUIVALENT TO US$104.0 MILLION TO THE KINGDOM OF MOROCCO FOR A HEALTH SECTOR INVESTMENT PROJECT JANUARY 8, 1990 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 EOUIVALENTS (As of September 1989) Currency Unit G Moroccan Dirham (DH) US$1.00 G DH 8,5 DH 1.00 G US$0.1176 FISCAL YEAR January 1 - December 31 GLOSSARY OF ABBREVIATIONS GOM Government of Morocco MOH Ministry of Public Health PIC Programme d'Investissement Cible (Target Investment Program) SAL Structural Adjustment Loan TIP Target Investment Program  FOR OFmFCLL USE ONLY HEALTH SECTOR I=VESTMENT PROJECT Loan and Project Summary Borrower: Kingdom of Morocco Amount: US$104.0 million equivalent Terms: Repayable in twenty years, including a five year grace period, at the Bank's standard variable interest rate. Financing Plan: Government US$ 67.3 million IBRD US$ 104.0 million Total US$ 171.3 million Economic Rate of Retur: NA Staff ADpraisal Report: Report n