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RESTRICTED FILE Copy Report No. p-389 This report was prepared for use within tho Bank and its offiliated 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 The report may not be published nor may it be quoted as representing their views.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 NATIONAL WATERWORKS AND SEWERAGE AUTHORITY FOR THE MANILA WATER PROJECT - PHILIPPINES July 13, 1964 INZERNATIOUL BANK FOR RECONSSTJCTION AND DEVELOPKENT REPORT AND OTCOpIgENTATIOiqS OP THE PRESIDENT TO THE EXECUTT'VE DIRECTORS CM A. PRC?OSED LOAIT TO THE NAT 10