Mauritania - Public Enterprise Sector Institutional Development and Technical Assistance Project

Document of The Wcrld Bank FOR OFFICIAL USE ONLY P-53 cc - P'1 AU MEMORANDUM AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION TO THE EXECUTIVE DIRECTORS ON A PROPOSED DEVELOPMENT CREDIT OF SDR 7.7 MILLION TO THE ISLAMIC REPUBLIC OF MAURITANIA FOR A PUBLIC ENTERPRISE SECTOR INSTITUTIONAL DEVELOPMENT AND TECHNICAL ASSISTANCE PROJECT May 30, 1990 TiUs document bas a restricted distributon and may be used by recipients only in the performance of their ffida! duties. Its contents may not otberwise be disclosed withoux World Bank authorization.  CURRENCY ECUIVALENTS Currency Unit - Ouguiya (UK) USS 1.00 - UM 84.8 1/ Ouguya 1 million US$ 11,790 SYSTEM OF WEIGHTS AND MEASURES: METRIC ABBREVIATIONS AIR MAURITANIE - National Airline CRSP - Cellule de Rehabilitation du Secteur Publique OPT - Office des Postes et T4l4communications PANPA - Port Autonome de Nouakchott dit Port del'Amitie SMCP - Societe Mauritanienne de Commercialisation du Poisson SMCPP - Socidt6 Mauritanienne de Commercialisation des Produits Petroliers SOHAGAZ - Societe Hauritanie du Gaz SOMIR - Societe Nationale des Industries de Raffinerie SONELEC - Societe Nationale d'Eau et d'Electricite SONIMEX - SociOtd Nationale d'Import-Export FISCAL YEAR January - December 11 Exchange rates as of March 1990  FOR OMCIAL USE ONLY ISLAMIC REPUBLIC OF MAURITANIA PUBLIC ENTERPRISE INSTITUTIONAL DEVELOPMENT AND TECHNICAL ASSISTANCE PROJECT CREDIT AND PROJECT SUMMARY Borrower: Government of the Republic of Mauritania Beneficiaries: Ministries of Plan, Finance and Commerce, Directorates of Energy, Mines and Geology, and key public enterprises in the energy, telecommunications and transport sectors Credit Amount: SDR 7.7 million (US$10.0 million equivalent) Terms: Standard, with 40 years maturity Financing Plan: Local Foreign Total -S_------.--