Zambia - Program Loan Project

DOCUMENT OF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Not For Public Use .'- , Report No. P-1235a-ZA RETURN TO REPORTS DESK ' WITHIN ON WEE K REPORT AND RECOMMENDATION OF THE PRESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPCSED PROCPAM LOAN TO THE REPUBLIC OF ZAMBIA May 23, 1973 This report was prepared for official use only by the Bank Group. It rnay not be published, quoted or cited without Bank Group authorization. The Bank Group does not accept responsibility for the accuracy or completeness of the report.  CURRENCY EQUIVALENTS Zambian Kwacha (K)l = US$1.56 US$1 = KO.64 GOVERNMENT OF REPUBLIC OF ZAMBIA FISCAL YEAR January 1 - December 3L  INTERNATIONAL BANK FOR RECONSTRUCTIuN AND DEVELOPMENT REPORT AND RECOMMENDATION OF ThE PRESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED PROGRAM LOAN TO THE REPUBLIC OF ZAMBIA 1. I submit the following report and recommendation on a proposed program loan to the Republic of Zambia in an amount in various currencies equivalent to $30 million. The loan would have a term of 20 years, including five years of grace, with interest at 7