China - Effective Teaching Services Project

Document of The World Bank FOR OMCLAL USE ONLY Report No. P-5903-CHA !4ENORANIDUI ANID REOlEDAIONl _r~ ~~~A OF THE PRESIDENT OF THE ( UITERNATIONAL DEVEWENB1W ASSOCIATlN . rL E - TO THE . NXc EXECUTIVE DIRECTORS r ' 1 i r ON A x :> h PROPOSED CREDIT 1 - > X OF SDR 72.1 MILLION TO THE PEOPLE'S REPUBLIC OF CHINA FOR AN EFFECTIVE TEACHING SERVICES PROJECT FEBRUARY 19, 1993 ihbis document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otberwise be disclosed without World Bank authorization.  CURRENCY EQUIVALENTS (as of August 1992) Currency Name Renminbi Currency Unit - Yuan (Y) $1.00 m Y 5.42 Y 1.00 - $0.18 ABBREVIATIONS AND ACRONYMS FILO - Foreign Investment and Loan Office TAG - Innovation Assessment Group ICB - International competitive bidding IDA - International Development Association LCB - Local competitive bidding LMS - Lower middle school SDR - Special Drawing Right SEdC - State Education Commission TIS - Teacher information system UBE - Universal Basic Education GLOSSARY Province - China is divided into 22 provinces, 5 autonomous regions and 3 municipalities. In this report, "province" refers to any of these, as appropriate. FISCAL YEAR January 1 - December 31 ACADEMIC YEAR September 1 - August 31  FOR OMCLCIL USE ONLY CHINA EFFECTIVE TEACHING SERVICES PROJECT Credit and Prolect Summary Borrower: People's Republic of China Beneficiaries: State Education Commission (SEdC) and 15 project-sup- ported provinces amount: SDR 72.1 million ($100 million equivalent) Terms: Standard IDA, with 35 years maturity FinancinR Plan: Local Foreian Total ---- $ million ------- Government National 53.0 0.0 53.0 Provincial 103.4 0.0 103.4 IDA 48.4 51.6 100.0 Total 204.8 51.6 256.4 Economic Rate of Return: Not applicable Staff Appraisal Report: Report No. 11273-CHA Mal): IBRD No. 24221 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.  MEMORANDUM AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL DEVELOPNENT ASSOCIATION TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT TO THE PEOPLE'S REPUBLIC OF CHINA FOR AN EFFECTIVE TEACHING SERVICES PROJECT 1. I submit for your approval the following memorandum and recommenda- tion on a proposed development credit to the People's Republic of China for SDR 72.1 million ($100 million equivalent) to help finance an effective teach- ing services project. The proposed credit will be on standard IDA terms, with a maturity of 35 years. About $93 million of the proceeds of the development credit will be made available to the 15 provinces participating in the proj- ect, to be repaid over 10 years with a service charge of 1.5 percent per annum, following a 5-year period. 2. Sector Background. Education plays a central role in China's devel- opment and modernization. The education sector is currently characterized by changes that reflect decentralization and increased responsiveness to labor markets. With variations due to provincial diversity, decentralization is taking place in curricula, examinations and operational control of all aspects of education. One major goal is nine years of universal basic education (UBE) as soon as is practical. Compared with many developing countries, China haa been very successful in providing schooling for its people, with more than 95 percent of those aged 6 to 11 years enrolled in primary school and 60 per- cent of those aged 12 to 15 years in secondary school. Teachers, as managers of the inputs to education, are the pivotal element in its success. The dra- matic increase in enrollments at all levels of Chinese education over the past few decades has been reflected in a corresponding growth in the number of teachers. The sources of trained teachers for primary schools (grades 1-6) are already prepared to meet aggregate quantitative and qualitative require- ments. The Government now plans to address teacher development for lower middle schools (LMS, grades 7-9), a level of education that is increasingly essential economically because it is required by employers for all but the simplest jobs. 3. Though there is an oversupply of teachers in certain subject matters and locations, especially in some urban areas, there is a growing demand for qualified teachers in rural, remote and otherwise disadvantaged places. This is met by recruitment of candidates originating from such areas, and by prom- ises of favorable terms of service in return for the obligation to teach in those same disadvantaged locations. For long-standing social reasons, each province is responsible for the supply of its own teachers, and there is no significant interprovincial movement. Transfer from urban to rural locations is also not comon. Estimates of required teacher training capacity, there- fore, need to be geared to projections of enrollment, teacher loading and class size at relatively local levels, and also to expected rates of entry into and attrition from teaching. There is thus a need for responsive and accurate locally based, but centrally coordinated, information systems regard- ing teachers. 4. Many working teachers at the LMS level lack adequate academic and pedagogical preparation. In 1985 almost 79 percent were professionally unqualified. Presently, some 90 percent of LMS teacher trainees come from disadvantaged areas, and they are increasingly being trained to work in more  -2- than one subject to facilitate deployment to smaller schools. Most teacher training is done in specialized institutions, though comprehensive universi- ties also train teachers. Those training institutions that are too small to be efficient are being converted to other purposes or combined with colleges of different specialties for efficiency and for effective response to labor force needs. It is important to improve the quality of instruction available at teacher training institutions, both through provision of facilities and equipment of appropriate quality and by introduction of new and innovative practices to meet evolving needs. 5. Lessons Learned from Previous IDA Onerations. Three recent projects have addressed teacher training. The Provincial Uni. ersities Development Project (Credit 1671-CHA, FY86) assisted selected programs in 28 normal (i.e., teacher training) universities among its 60 project institutions. The Teacher Training Project (Credit 1908-CHA, FY89) supports in-service t-aining for LMS teachers. The Education Development in Poor Provinces Project (Credit 2339-CIA, FY92), in the course of generally upgrading educational services in selected locations, also gives attention to teacher preparation. These proj- ects have, inter alia, demonstrated the contributions of instructional equip- ment of an appropriate level, of equipment spares and maintenance, of increased library utilization, of better institutional management, of indepen- dent learning methods, of strengthened capacity to plan for teacher demand, and of continuing development of implementation capabilities. The present project incorporates these lessons. Past experience has also alerted provin- cial governments to the importance of issues such as class size and teacher loading, which now need to be dealt with on a local basis using information handling capacity to be provided under the project. University capabilities strengthened under past projects have provided the means to deliver extensive in-country training under this project. 6. Ra_onale for IDA Involvement. The Government has requested the Association's support to develop teaching resources for its LMSs. The Bank Group is familiar with the issues of teacher training from its previous proj- ects and from sector work. There is concurrence on the major issues to be addressed, and counterpart resources are ready for mobilization. The project supports the strategic goals of building an education system appropriate to modern needs, introducing initiatives aimed at improved teaching quality, training teachers for rural areas, and developing necessary management capa- bilities. It builds on the experience of past projects, with a focus on the 1MS level. It is made timely by recent Government policy directions and will provide support to initiatives aimed at improved teaching quality, decentral- ized control of teaching services, training of teachers for rural areas and improved management capacity. Given the expected national impact through replication of its basic features, the project will be a strategic vehicle for achieving IDA's objective of human resource development in poor regio"'. The Government has, furthermore, provided assurances that it intends to 8 iport with its own resources the strengthening of LMS teacher training in provinces not covered by the project but in parallel with its objectives. 7. Prolect Objectives. The project, in combination with other Govern- ment and past IDA activities, will bring pre-service LMS teacher training up to prescribed quality standards nationwide. Its central aim is to contribute to improved learning at the LMS level by providing for better teaching ser- vices, including instructional methodology, teacher training and better man- agement of teacher training and assignment. In assisting a range of teacher  -3- services, the project has three functional objectives: (a) enhance quality of LMS teacher training through better physical inputs, management and staff training; (b) improve management and planning capabilities for teacher selec- tion, training and assignment at provincial and county levels; and (c) facili- tate innovative activities in teaching and teacher training. 8. Proiect Description. The project will, over five years, assist in the provision of civil works, equipment, materials, specialist services and training to support LMS teaching, providing for development of teaching ser- vices in 15 provinces and autonomous regions (Sichuan, Shandong, Jilin, * uangdong, Jiangsu, Ji -gxi, Liaoning, Anhui, Hebei, Heilongjiangt Henan# Guangxi, Fujian, Haine i and Nei Mongol). Eight of these, vith a total popula- tion of some 420 million persons, are below the national average in per capita Income. In addition, each project province has disadvantaged areas for which teachers will be explicitly recruited and trained. The project directly sup- ports 124 teacher training institutions, in addition to provincial and county education bureaus, and thereby covers virtually all LMS teacher training and teacher management activities in the participating provinces. A critical segment of the education system, LMS teaching services, is thereby addressed through the three major project elements: lnstitutional, manaxement and aual- itY enhancement. 9. The institutional element ($240.5 million) addresses operational needs at teacher training institutions through facilities upgrading, provision of instructional equipment, spares and consumables, library development (books, materials and equipment), and staff upgrading, mainly in-country. The facilities will be financed wholly from local sources. The equipment will be entirely for iastructional purposes. It will be selected from a list, com- piled by Chinese specialists and reviewed by the Bank, based on current course materials and on new study areas to be introduced. Equipment procurement will be phased throughout the life of the project to accomm4odate future needs. Staff upgrading will include a range of training activities, including courses, on-the-job training, management training, and shorter-term courses covering, inter alia, equipment utilization and library operations. 10. The manaaement element ($9.6 million) will develop general teaching system management capabilities at the central, provincial and insti- tutional levels through staff training and specialist services. The selection and assignment of teachers will be aided by a teacher information system (TIS) to be developed under the project, and by training for its use. The TIS, once operational, will be applied to quantitative monitoring of teacher stock, to prediction of needs by location and field of competence, and to planning of future teacher supply. 11. The quality enhancement element ($6.2 million) will include teaching methodology core seminars, pilot programs and innovation programs. Chinese education and teacher training presently lack sufficient attention to teacher/student Interactions, group work, creativity, and higher order concept development. The core seminars will aim to present best international prac- tice in English, mathematics, physics, chemistry and biology teaching, ini- tially at the national level and later cascaded down to the local level by means of provincial seminars. The primary objective will be to expose teacher trainers to new ideas, after which they will be responsible to apply them within the Chinese context. This will be further facilitated by pilot pro- grams in 10 teacher training institutions to test the applicability of those  -4- ideas. The innovation program will permit provinces, institutions and indi- viduals to propose projects of an experiaental, innovative or developmental n&ture, to be supported by funds provided under the project. An Innovation Assessment Group (IAG), made up of teacher training faculty and Gover Dent officials, has been set up to evaluate proposals, to manage the funds and to monitor implementation. 12. ?_oiiitorina of project execution will be done by the partici- pating institutions and agencies according to agreed formats and using agreed indicators, and coordinated by the State Education Commission (SEdC), succes- sor agency to the 14inistry of Education. Longer-term evaluation of teaching practices and training will be undertaken by the SEdC as a part of its regular work. 13. Proiect Implementation. The qualitative and professional decisions related to the project will be made by officials of the participat- ing teacher training institutions and provinces, by technical departments of the SEdC and by the IAG. Arrangements for these functions have been discussed and agreed, and are in place. The technical aspects of project execution and coordination, including procurement, will be carried out by the SEdC through its Foreign Investment and Loan Office (PILO), using technical and administra- tive resources which are familiar with the Association and have proved satis- factory in the past. A mid-term review of project progress will be held using, inter alia, information provided through the TIS to support project monitoring. The project will be financed by the SEdC, the provinces and the Association. Of expenditure categories, about 39 percent goes to facilities (all from in-country funding), about 56 percent to equipment and materials (including library stock and information systems), and about 5 percent to technical assistance and innovations. The last item includes 5,500 person- years of training for 11,000 participants, mainly in-country. In order to finance rapid start-up of key technical assistance and quality enhancement activities of the project, retroactive financing of $5 million is provided for expenditures incurred after December 31, 1992. A breakdown of project costs and the fine-ncing plan are shown in Schedule A. Amounts and methods of pro- curement and of disbursements, and the disbursement schedule are shown in Schedule B. A timetable of key project processing events and the status of Bank Group operations in China are presented in Schedules C and D, respec- tively. A map is also attached. The Staff Appraisal Report, No. 11273-CHA, dated February 10, 1993, is being distributed separately. 14. Project Sustainabilitv. There are no significant increases in the operational costs of teacher training institutions arising from the proj- ect, except for the requirement that adequate provision be made for operation, spares and maintenance for the equipment supplied under it. This will con- tribute a very low and easily absorbed incremental cost. The project works within and makes use of existing institutional arrangements, which gives assurance to its sustainability in that regard. 15. Agreed Actions. During negotiations, agreements were reached with the Government on: (a) a strategy statement for LMS teaching and teach- ers; (b) procedures and criteria for TIS and IAG operation; (c) programs for project implementation and monitoring, including quantitative measures of project performance; (d) provision of spares and operating supplies for proj- ect-supplied equipment; and (e) utilization and diffusion of significant proj- ect results in teacher training methodology.  16. Environmental Aspects and Proargm Obiective Cateaories. No negative environmental impact from the project is foreseen. By strengthening capacity for training teachers for disadvantaged areas, the projiect contrib- utes to reduction of poverty. Improved teacher training Vill also increase opportunities for women in the teaching profession. The project, through one of its stated quantitative targets, wvill raise the numbers of women engaged in LMS teaching and thus encourage enrollment and retention of girls in schools. It has also been shown that improved quality of education in general also increases the retention of girls, with resultant economic and social benefits. 17. Proiect Benefits. The project builds on the oxisting strengths in Chinese education and assists in providing teaching services of higher quality, primarily through improved teacher training and strengthened management. It provides opportunities for essential laboratory work, books and reading places in libraries, more effective language training, and exten- sive staff development at teacher training institutions. Other training activities under the project will also improve teacher college management. At the provincial and county levels, selection, assignAent and utilizationi of teachers will be assisted by programs for management development, particularly through the TIS. Finally, programs for improvement of teaching will be intro- duced and tested, providing exposure to new approaches and opportunities to experiment with innovations. These bonefits are expected to affect virtually all teacher trainers and trainees in the participating provinces. 18. Risks. There are operational risks inherent in the implemen- tation of a project reaching 124 teacher training institutions and 15 provin- cial offices. There are also questions whether the capacity building aimed at improved management of teaching and teacher training systems will fully achieve its targets, and whether the teacher information systems will be uti- lized as envisaged. These risks will be addressed by a structure of project management that combines the varied administrative and professional require- ments of the end-users of project inputs with the proven strong project lmple- mentation capabilities of the SEdC. The participating institutions, provinces and SEdC have, furthermore, been continuously involved in discussions during project development. Finally, the effective introduction of new methods and independently conceived innovations will require careful oversight and moni- toring. The IAG has been formed for that purpose. 19. Recommenda,.ion. I am satisfied that the proposed development credit will comply with the Articles of Agreement of the Association and rec- ommend that the Executive Directors approve the proposed credit. Lewis T. Preston President Attachments Washington, D.C. February 19, 1993  -6- Schedule A CHINA EFFECTIVE TEACHING SERVICES PROJECT Estimated Costs and FWnancinz Plan ($ million) Local Foreign Total Estimated ProJect Cost /a Facilities Upgrading 78.0 0.0 78.0 Instructional Equipment 67.5 32.6 100.1 Library Development 4.0 3.9 8.0 Staff Upgrading 2.5 1.7 4.2 National Management Development * 0.3 0.3 Provincial Management Development 0.1 0.3 0.4 Teacher Information System 3.9 3.4 7.3 Core Seminars 0.3 0.1 0.4 Pilot Programs 0.1 * 0.1 Innovation Programs 4.0 1.6 5.6 Base Cost 160.4 43.9 204.3 Physical contingencies 12.5 3.4 15.9 Price contingencies 32.0 4.2 36.2 Total Financing Required 204.8 56 Financina Plan Government National 53.0 0.0 53.0 Provincial 103.4 0.0 103.4 IDA 48.4 51.6 100.0 Total 204.8 ,56.4 .~~~~~~~~~~~~~L. Note: * denotes less than $0.05 million. /a Project-financed goods are exempt from import duties and taxes.  -7 -Ssb,d,ule Ai Page 1 EFFECTIVE TEACHING SERVICES PROJECT Summarp of ProDosed Procurement Arrantements ($ million) Procurement method Total Project element ICB LCB Other NIF costs Civil Works and Facilities - - - 100.5 100.5 (0.0) (0.0) Equipment (Including Spares) 93.0 10.0 13.6/a - 116.6 (69.5) (7.5) (7.0) (84.0) Books and Other Library Stock - - 10.2j_ - 10.2 (7.6) (7.6) Insurance and Freight - - - 17.6 17.6 (0.0) (0.0) Studies - - 2.1.Lc - 2.1 (2.1) (2.1) Specialist Services - - 0.21_c - 0.2 (0.2) (0.2) Overseas Training - - 2.91c_ - 2.9 (2.9) (2.9) In-country Training - 4.3 2.0/c - 6.3 (2.2) (1.0) (3.2) Total 93.0 14.3 31.0 118.1 256.4 (69.5) (9.7) (20.8) (2.0) (100.0) NIF - Not IDA-financed. la Local shopping ($5 million). Spares for proprietary equipment provided under the project ($8.6 million). /b Direct procurement from publishers and authorized distributors. /a Direct contracting below $100,000. According to World Bank Guidelines for higher amounts. Notes Figures in parentheses are the respective amounts financed by the IDA Credit.  - 8 - Schedule B Page 2 Disbursement Arranfements Amount X of expenditures Category (- million) to be financed Equipment, Materials and 75.5 1002 of foreign expenditures, Books 552 of local expenditures Specialist Services 0.4 1002 In-country Training 247 502 Overseas Trainirg 2.7 1OOZ Equipment Under the Inno- 3.2 852 vation Program Consultant Services and 2.2 1002 Training Under the inno- vation Program Unallocated 13.3 Total 100.0 Estimated Disbursement Bank PY 1994 1995 1996 19 1998 1999 (-------- $ million) -- Annual 26.4 35.9 21.4 12.4 3.0 0.9 Cumulative 26.4 62.3 83.7 96.1 99.1 100.0  -9- Schedule C CHI EFFECTIVE TEACHING SERVICES PROJECT Timgtable of Kev Project Processing Events (a) Time taken to prepare the project: 12 months (August 1991-August 1992) (b) Prepared bys Government with Association assis- tance (c) First Bank mission: August 1991 (d) Appraisal mission departure: August 1992 (e) Negotiations: January 1993 (f) Planned date of effectiveness: July 1993 (g) List of relevant PCRs and PPARs: PCR: First University Development Project (Loan 2021-CHA, Credit 1167-CHA), September 30, 1987 The project was prepared by the following: Mr. Richard Durstine (Senior Edu- cator, Task Manager), Mr. Dingyong Hou (Project Officer), Mr. James Lynch (Educator), Mrs. Eileen Nkwanga (Senior Educator), Mr. Brian Smith (Computer Systems Specialist), Mr. Mohammed Allak (Human Resources Economist, Consul- tant) and Mr. Halsey Beemer (Education Specialist, Consultant).  - 10 - Schedule 0 Page I of 3 STATUS OF DANX GROUP OPERATIONS IN THE PEOPLE'S REPUBLIC OF CHINA A. STATEMENT OF SANK LOANS AND tDA CREDITS (As of oeceaber 31 1992M LOWnS . Amocut CUSS mitlion) Credit Ber- (net of cancellations) Nulber FY rower Purpose Bank IDA Undisb. a) 18 lo atd 27 credits have been fulty disbursed. 1549.63 1349.0 , Of which SECAL: 267/1932 88 PRC Rural Sector AdJ. 200.0 93.2 1551 85 PRC University DevelopTent tI 145.0 1.0. 2493 85 PRC Second Power 117.0 - 6.2 2501 8S PRC Changeun (Luan) Coal Mining .?9.5 - 36.7 2540 85 PRC Railway It 220r0 38.7 1664 86 PRC Technical Cooperation Credit ti * 20.0 11.8 2678/1680 86 PRC Third Railway 160.0 70.0 68.5 2689 86 PRC Tianjin Port 130.0 - 40.8 2706 86 PRC 8eitungang Thermal Power 225.0 19.4 2707 86 PRC Yantan Hydroelectric 52.0 - 2.3 2723/1713 86 PRC Rural Health & Preventive Wed. 15.0 65.0 33.2 2775 87 PRC Shulkou Hydroelectric 140.0 - 6, 2783/1763 87 PRC Industrfal Credit tV (CID IV) 250.0 50.0 85.2 2784 87 PRC Shanghai Machine Tools 100.0 13.8 1764 87 PRC XinJiang Agriculturat Dev. 70.0 10.1 2794/1779 87 PRC Shanghai Sewerage 45.0 100.0. 67.8 2811/1792 87 PRC gefjing-TianjifnTangsu Expressway 25.0 125.0. 34.9 281V1793 87 PRC Gansu Provincial Dev. 20.0 150.5 64.8 1835 87 PRC Planning Support & Special Studies * 20.7 11.5 2838 87 PRC Fertilizer RationalIzation 97.4 10.2 2852 87 PRC Wujing Thermal Power 190.0 42.5 1871 88 PRC Rural Credit III - 170.0 10.5 2877/1845 88 PRC Huangpu Port 63.0 25.0 56.9 2907/181 88 PRC Dallan Port 71.0 25.0 13.7 1885 88 PRC Northern Irrigation - 103.0 33.4 2924/188T B8 PRC Coastal Lands Oev. 40.0 (60.0)(b) 11.0 1908 88 PRC Teacher Training 50.0 6.6 2943 88 PRC Pharmaceutfeais 127.0 - 10.3 291/1917 88 PRC Sichuan Highway 75.0 50.0 72.6 2952 U8 PRC Shaanxi trghway 50.0 6.1 1918 88 PRC Oaxing An Ling Forestry 56.2 6.6 295S 88 PRC Beilungang It 163.0 - 31.5 2958 88 PRC Phosphate Oev. 62.7 - 39.9 2968 88 PRC Rasilway IV 200.0 - 82.9 1984 89 PRC Jiangxi Provincial Highway - 61.0 24.5 1997 89 PRC Shaanxi Agricultural Oev. - 106.0 64.6 2006 89 PRC Textbook Oevelopuent - 57.0 2.1 2009 89 PRC Integrated Reg. Health - 52.0 33.2 3006 89 PRC Ningbo & Shanghai Ports 76.4 22.8 3007 89 PRC Xiamen Port 36.0 - 23.2 3022 89 PRC Tianjin Light Industry 154.0 - 106.9 3060/2014 89 PRC Inner Mcngolla RaIlway 70.0 80.0 53.5 2097 89 PRC Shandong Agriculture 3ev. 109.0 32.4 3066 89 PRC Hubei Phosphate 137.0 - 122.1 3073/2025 89 PRC Shandong Prov. Highway 60.0 50.0 52.2 3075 89 PRC Fifth Industrial Credit 300.0 - 195.4 2097 90 PRC Jiangxi Agrfc. Oev. - 60.0 28.2 2114 90 PRC Vocational & Tech. Educ. - 50.0 36.S  - 11 - Schedute 0 Page 2 of 3 Loan/ Amount CUSS million) Credit Bor- (net of cancettationa) Number FY rower Purpose Bank IDA Undisb.ta) 2145 90 PRC National Afforestation - 300.0 192.7 2159 90 PRC NHbei Agricultural Dev. - 150.0 94.4 2172 91 PRC Mid-Yangtze AgricuLtural Oev. 64.0 40.6 3265/2182 91 PRC * Rural Credit IV 75.0 200.0 138.7 3274/2186 91 PRC Rural Indust Tech (SPARK) 50.0 64.3 96.6 3286/2201 91 PRC 4ediun-Sized Cities Oev. 79.4 89.0 f28.9 3288 91 PRC Shanghai Industrial 0ev. 150.0 148.5 2210 91 PRC Key Studies Developrent 131.2 116.6 2219 91 PRC Liaoning Urban Infrastructure * 77.8 30.6 3316/2226 91 PRC Jiangsu Provl. Transport 100.0 53.6 90.7 2242 91 PRC Henan Agricut. Oev. * 110.0 91.7. 3337/2256 91 PRC Irrig. Agricul. Intersif. 147.1 187.9 240.8 3387 92 PRC Ertan Hydroelectric . 380.9 190.8 2294 92 PRC Tarim Basin - 125.0 107.4 2296 92 PRC Shanghai Metro Transport - 60.0 51.2 3406 92 PRC RaiLways V 330.0 323.8 3412/2305 92 PRC Oaguangba Muttipurpose 30.0 37.0 57.4 2307 92 PRC Guangdong ADP * 162.0 159.7 341512312 92 PRC Beijing Environment 45.0 80.0 114.3 2317 92 PRC Infectious and Endemic Disease Cont 129.6 122.3 3433 92 PRC Yanshi Thermal Power 180.0 , 147.6 2336 92 PRC Rural Water SuppLy and Sanitation 110.0 101.8 2339 92 PRC Educ. Development in Poor Provs. 130.0 117.S 3443 92 PRC Regional Cement tndustrY (c) 82.7 - 82.7 3462 92 PRC Zouxian Thermal Power 310.0 - 310.0 3471 92 PRC Zhejiang Provincial Highway 220.0 - 197.3 2387 92 PRC Tianjin Urban Oevt. & Envir. - 100.0 100.8 2391 92 PRC Ship Waste Disposal - 15.0 15.1 2411 93 PRC Sichuan Agriculturat Oevt. - 147.0 142.2 3515 93 PRC Shuikou Hydroelectric IC (c) 100.0 - 100.0 2423 93 PRC Financial. Sector Tech.Assist.ct) - 60.0 57.9 3530 93 PRC Guangdong Provincial Transport (c) 240.0 240.0 3531 93 PRC Henan Provincial Transport (c) 120.0 - 120.0 2447 93 PRC Ref. Inst'l ano Preinvest. Cc) - 50.0 50.0 3552 93 PRC Shanghai Port Rest. and Devt. (c) 150.0 - 150.0 .............................. Total 7891.8 6102.8 6256.5 of which hiS been repaid 575.9 2.1 Total now held by 8ank and tOA 7315.9 6100.7 Amount sold: Of which repaid Total Undisbursed 3865.3 2391.2 6256.5 (a) As credits are denominated in SORs (since IOA Replenishment Vt), undisbursed SOR credit balances are converted to dotlars at the current exchange rate between the dottar and the SOR. In some cases, therefore, the undisbursed batance indicates a dottar amomnt greater than the orfginal principal credit amount expressed in doltars. (b) Credit fulLy disbursed. (c) Not yet effective.  - 12 - Schedule D Page 3 of 3 B. STATENSMT OF IFC INVESTNMTS (As of December 31, 1992) Invest- Type of Loan Equity Total mant No. FY Borrower Busines S - ( Nitlfon) -- 813/2178 85/91 Guangzhou and Peugoet Automobile 13.9 4.5 18.4 974 87 China Investment Co. Investmnt 3.4 0.0 3.4 1020 t7 Shenzhen Chins Bicyche 17.2 2.S 19.? 8icyctes Co. Ltd. Manufacture 1066 Q8 Croun Electronics Electrontes 11.3 11.3 1119 89 Shenihen Chronar Solar Solar (a) 1.0" 1.0 2.0 Energy Energy Total Gross Comnitments 4.8 8.0 54.8 Less canceltations, terminations 1.0 1.0 repaymnt and sates Total Comuitmnts nowl Hold by lFC 45.8 8.0 53.8 Total Undfaburased 0.0 0.0 (a) Loan subsequently called.  clA MIDX OO1, DUAC v.. 0t Saba& 5.1. O S W.lm.s N.C. OShayaf. R.I. 01 Jiu W.. 01 qtqIha 8.. 02 LaafAn N.C. 01 Batou N.. 02 DaLSan W.V. 0a ToaSh,a M.I. 02 "NAMAJtM l.S. 03 Zbaujt.akau NC. 03 Dawa N.C. 03 Anshan .C. OS Cbge, N.J. 05 Waezbin 3.C. 04 Baodmg L.C. 04 mra N.C. 04 Wusu N.C. 04 C_enh v. " sUSI 1.C. 03 Chge W.C. 03 NaIUa'. D.C. 03 Yask. N.C. 03 Uaiohea N.C. 03 Jiam N.C. 06 aijiesbems N.C. 04 JSusbou N.C. a N.C. 07 send" N.C. 08 leas N.C. 09 XhsteS W.C. 10 CVagabma W.C. ot Xusb". .1. 01 Nwang N.J. 01 Zhanshgu 5.?. 0t Shmogre. N.V. 01 QmaC Q.?. 92 Yansabou N.X. 02 hnqlas N.I. 02 Fushou N.C. 01 pusheu W.V. 02 Tau"nt 0.1. as C bhangae N.C. 03 Lu'an N.C. 03 JUi N.V. 02 J 'ea N.A. 03 Lisoabeag N.1. 04 vanto$ N.C. 04 &ushai V.C. 04 QuashoA N.C. 04 YTihum W.V. 04 J'-- N.C. as Tnohe W.C. 0S y_hu N.C. 03 SJa.C. N.C. 05 JiJSAg N.C. 03 Qlagda N.C. 06 EuaLtfn N.C. 06 Nusheu W.C. 06 leapin N.C. 06 Oman 3.1. 06 2od, W.c. 07 hCj.am0 N.C. 07 Suabou N.C. 07 Pimgde W.C. 07 Plagatea N.C. 0y Zeobim" N.C. 08 WsajnSa 5.5. 08 COhbu W.C. 08 L4Dan W.C. 08oJlaea W .c. 06 cbnw.i W.G. 09 Realma. N.C. 0 Jiala N.C. 10 ?aje' N.C. It SlVAsh. N.V. 2 flehu N.C. 13 LLIt N.C. 14 so W.C. 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