China - Economic Law Reform Project

The World Bank Fo0 OmaAL USE ONfLY flpt No. P-6393-M - HORAIDUl AND OF THE PRESIDENT OF THE TIITENATION DEVEOPM ASSOCIAION TO THE E UTIVE DIRECTRS ON A PROPOSED CREDIT OF SDR 6.9 MILLION TO THE PEOPLE'S REPUBLC OF CHIA FOR AN ECONOMIC LAW REFORM PROJECT SEPTEMBER 20, 1994 MICROGRAPHICS Report No: P- 6393 CHA Type: M)OP Tls docment bas a resticted dstibution and may be used by reciens oly bi the perfomne of thr ofrical dus Its content may not otherise be disised *w W,M Bak at_ an.  CURRINCY EOOtJIVALINF (As of July 1, 1994) Cirrency Unit =Yuan (Y) $1.00 = Y8.50 YL.OO = $0.12 ABBREVIATIONS AND ACRONYMS BLA - Bureau of Legislative Affairs (State Council) CLA - Commission on Legislative Affairs (NPC) EDA - Interational Development Association MOF - Miistry of Finance MOFTEC - Miistry of Foreign Trade and Economic Cooperation MOJ - Ministry of Justice NPC - National People's Congress SCRES - State Commission for the Rrcturing of the Economic System SETC - State Economic and Trade Commission UNDP - United Nations Development Programme FISCAL YEAR January 1 - December 31  FOR OFFICIL USE ONLY EC:ONOMIC L gR= Borrower - - People's Republic of Chin Bzificiarha: Not applicable ovetyg: - Not applicable Amount: SDR 6.9 million ($10 miion equivalent) Terms: Standard, with 35 yeas'maturity Commignent Fae: 0.50% on undisbursed credit balances, beginning 60 days after sidg , less any waiver. EIjancing Plan: See Schedule A. NetresnL YValu: Not applicable echnica Annex: No. T-6393-CHA This document has a reticted disl_ibin and may t e used by recipents only in te pefume n te offialddte Its cont ynot otheawlsbe dia,dvithWWoukaWoldatln  MEMORANDUM AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL DEVEIOPMENT ASSOCIATION TO THE EXE PEC'ORS ON A PROPOSED CREDIT TO THE PEOPLE'S REPUB1IC OF CHINA FOR AN ECONOMIC LAW REFORM PROJECT 1. I submit for your approval the following memorandum and recommendaton on a proposed development credit to the People's Republit of China for SDR 6.9 million,