Morocco - Second Municipal Finance Project

Document of The World Bank Report No. 16400-MOR PROJECT APPRAISAL DOCUMENT ON A PROPOSED SINGLE CURRENCY LOAN WITH A US DOLLAR TRANCHE IN AN AMOUNT EQUAL TO US$35 MILLION AND A FRENCH FRANC TRANCHE IN AN AMOUNT EQUAL TO FRF205 MILLION TO THE COMMUNAL INFRASTRUCTURE FUND WITH THE GUARANTEE OF THE KINGDOM OF MOROCCO FORA SECOND MUNICIPAL FINANCE PROJECT August 8, 1997 Private Sector Development and Finance Group Middle East and North Africa Region  KINGDOM OF MOROCCO CURRENCY EQUIVALENTS Currency Unit = Moroccan Dirham (DH) Official Exchange Rate (DH per US$) DH 9.50 = US$1.00 FISCAL YEAR July I - June 30 WEIGHTS AND MEASURES Metric System ABBREVIATIONS AND ACRONYMS CAS Country Assistance Strategy CDG Caisse de Dep6ts et de Gestion COL Collaboration CON Consultation DH Dirham DM Deutsche Mark EIA Environmental Impact Assessment EIB European Investment Bank ERR Economic Rate of Return FEC Fonds d'Equipement Communal Ffr French Franc GoM Government of Morocco IBRD International Bank for Reconstruction and Development ICB International Competitive Bidding IS Information Sharing KFW Kreditanstaltfur Wiederaujbau MoF Ministry of Finance MoI Ministry of Interior NCB National Competitive Bidding NPV Net Present Value O&M Operations and Maintenance PIP Project Implementation Plan PTI Program of Targeted Intervention SOE Statement of Expenditures VAT Value Added Tax USAID United States Agency for International Development Vice President Kemal Dervi