China - Vocational and Technical Education Project

v/ Document of The World Bank FOR OMCIAL USE ONLY Report No. P-5033-CHA MEMORANDUM AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT OF SDR 38.5 MILLION (US$50 MILLION EQUIVALENT) TO THE PEOPLE'S REPUBLIC OF CHINA FOR A VOCATIONAL AND TECHNICAL EDUCATION PROJECT MAY 25, 1989 This document has a restricted disibuton and may be used by recip!ents only In the performance of their oMdal dutes Its contens may not otherwise be disclosed without World Bank authorization.  US$1.0 - Yuan (Y) 3.7 Y1 - US$ 0.27 (May 1989) FISCU YU January 1 - December 31 September 1 - August 31 FIG - Federal Republic of Germany SOL - Ministry of Labor SEdC - State Education Commission TA - Technical Assistance TTC - Technical Teacher Training College TTD - University Technical Teacher Training Department VTC - Vocational Training Center VTE - Vocational and Technical Education Key Provinces: Municipalities of Beijing. Shanghai and Tianjin, and Provinces of Jiangsu and Liaoning are called Key Provinces in this report.  FOR OmCIL USE ONLY VOCATAL AND TECHNIAL EDUCATION Credit and Proiect SuiMM y Borrower: People's Republic of China Bneflciarv: State Education Commission and Provincial/Municipal Governments Credit Amunt: SDR 38.5 million (US$50.0 million equivalent) Terms: Standard with 35 years maturity Onlendln Term,: An annual interest rate of 2.5%, repayable over a period of 20 years, including a 5 year grace period Financing Plan: Government US$34.0 million Federal Republic of Germany US$ 7.0 million IDA US$50.0 million Total USS91.0 million Economig Rate of Return: Not applicable. Staff Aneraisal Report: Report No. 7672-GHA IBRD 21582 This document has a restricted distribution and may be used by recipients only in the perormance of their official duties. Its contents miay not otherwise be disclosed without World Bank authorization.  FOR OMCIAL USE ONLY VOCATIONAL AND TRCHNICAL EDUCATION PROJECT Credit and Project Summar! Borrower: People's Republic of China IBeeLf;Cia; State Education Commission and Provincial/Municipal Governments Credit Amo-unt:. SDR 38.5 million (US$50.0 million equivalent) Igrms: Standard with 35 years maturity Qnlendinj Terms: An annual interest rate of 2.5%, repayable over a period of 20 years, including a 5 year grace period Financina Plan: Government US$34.0 million Federal Republic of Germany US$ 7.0 million IDA US$50.0 million Total USS91.0 million f&gUnokLc Rate of Return: Not applicable. Staff _ nraisal Renort: Report No. 7672-CHA MaR: IBRD 21582 This document has a tict