Morocco - Sidi Slimane Agricultural Development Project

RESTRICTED fiLE COPY Report No. P-396 This report was prepared for use within the Bank and its affiliated organizations. They do not accept responsibility for its accuracy or completeness. The report may not be published nor may it be quoted as representing their views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT REPORT AND RECOMMENDATIONS OF THE PRESIDENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN TO THE KINGDOM OF MOROCCO FOR THE SIDI SLIMANE AGRICULTURAL DEVELOPMENT PROJECT August 17, 1964   INTEMTATIONAL BAiZ FOR RECONSTRUCTION AND DEVELOPMENT REPORT AND RECOI%SIJDATIONS OF TIE PRESIDE'NTT TO THE EXECUTIVE DIRECTORS ON A PROFOSED LOAN TO THE KINGDOM OF IOROCCO FOR THE SIDI SLIMANE AGRICULTURAL DEVEIOPMENT FROJECT '. I submit the following report and recommondations on a proposcd loan in various currencies equivalent to $17.5 million to The ,\ingdom of Mlorocco to help finance the Government's agricultural development and irrigation program for the Sidi Slimane area. PAP.T I - HISTORICAL 2. The Bankts first operation in Morocco was a $15 million