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Public Disclosure Authorized

THE WVORLD BANK

ANNUAL REPORT 1988

Public Disclosure Authorized

Public Disclosure Authorized

Public Disclosure Authorized

177

Financial Statements of the International Development Association, the Special Fund Administered by IDA, and the Special Facility for Sub-Saharan Africa Administered by IDA Statements of Commitment Resources

178

Statements of Changes in Liquid Funds Statements of Condition

181

182

Summary Statement of Development Credits

184

Statement of Voting Power, and Subscriptions and Contributions Notes to Financial Statements

190

Report of Independent Accountants

193

187

178

IDA, Special Fund, and African Facility Financial Statements

Statements of Commitment Resources For the fiscal years ended June 30, 1988 and June 30, 1987 Expressed inthousands of US dollars IDA

Changes in Commitment Resources CHANGES IN COMMITMENT AUTHORITY Current period transactions: ....... Subscriptions and contributions ........... Transfers from IBRD-Note G .. .................... Income from operations available for commitment ................................ Less development credits approved ................. Effect of current period transactions on resources ............ available for commitment ......... Translation adjustments affecting commitment authority ........................... Increase (decrease) in commitment authority .... I ....... ..... Commitment authority, beginning of fiscal year ..... Commitment authority, end of fiscal year

African Facility 1987 1988

Special Fund 1988 1987

$ 17,754 $195,814 -

$4,521,511 $2,438,986 100,000 280,700 2,719,686 3,485,350

11,585

9,743

4,621,511 4,458,710

29,339 112,600

205,557 421,400

162,801

(765,664)

(83,261)

(215,843)

(44,519) 118,282 (296,608)

160,179 (605,485) 308,877

(20,478) (103,739) 141,155

74,563 (141,280) 282,435

-

$ 37,416 $141,155

.... $ (178,326) $ (296,608)

CHANGES TO FULLY COMMITTED REPLENISHMENTS, Current period allocations: Cancellations of development credits ................ .... ..... . Repayments of development credits Grant participations in development credits ........... Income from operations not available for commitment... . Total current period allocations . ........... Translation adjustments on resources under fully committed ............. .... replenishments . Increase in resources under fully committed replenishments Surplus (deficit) in resources under fully committed ........ replenishments, beginning of fiscal year . Surplus In resources under fully committed replenishments, end of fiscal year ..... ....

COMMITMENT RESOURCES Commitment authority, end of fiscal year ............. Surplus in resources under fully committed replenishments, end of fiscal year ....... ......... Total commitment resources .......

1987

1988

.........

$ 153,479 $ 294,334 137,326 159,447 (4,376) 11,346 154,824 52,563 $ 5,932 $ 4,854 463,374

495,569

5,932

4,854

(140,670) 322,704

259,708 755,277

(2,076) 3,856

13,860 18,714

60,065

(695,212)

28,087

9,373

$ 382,769 $ 60,065 $31,943 $28,087

$ (178,326) $ (296,608) 382,769 $ 204,443

-

-

60,065 $31,943 $28,087

$ 37,416 $141,155 -

-

$ (236,543) $31,943 $28,087 $ 37,416 $141,155

Commitment Resources

179

a.Surpluses and deficits inresources under fully committed replenishments are primarily attributable to exchange rate fluctuations invalue, interms of current USdollars, of resources expressed incurrencies other than USdollars. The value of these resources atany given time may begreater or less than the development credits committed against them, since these development credits aredenominated inUSdollars or SDRs. IDAreviews periodically the resource posftion under fully committed replenishments and, if necessary, allocates portions of the resources that become these allocations will include income from operations until it equals the available for commitment during the period to those replenishments. ForIDA, cumulative losses from operations for the period July 1,1979 to December 31,1984, totaling $353,815,000. Losses incurred during that period were not reduced from commitment authority inaccordance with the decision of the Executive Directors that IDA's commitment authority not be reduced by the amount of deficits during the sixth replenishment period. The decision reflected the expectation that future income would beavailable to reduce these losses. All income earned subsequent to that period, amounting to $262,936,000 at June 30, 1988, has been allocated for this purpose.

Composition of Commitment Resources IDA 1988 Liquid funds .............................

1987

African Facility 1988 1987

. $ 1,233,202 $ 977,425 $ 64,748 $ 64,483 $107,831

Cash not immediately available for disbursementNote A ............................... .

184,817

211,310

Receivables on account of subscriptions and contributions ........ ...................

22,330,292

13,195,379

Subscriptions and contributions not yet available for commitment ........................... .

(8,103,696)

(352,469)

Receivables from International Bank for Reconstruction and Development-Note G ....... ............

773,291

720,108

Other assets .......

156,974

139,977

......................

Special Fund 1988 1987

327,893

274

371,454

399

$ 61,406

115,247

484,206

150,000

150,000

242

263

Less undisbursed credits, accounts payable and other liabilities ................................ (16,370,437) (15,128,273) (360,972) (408,249) (335,904) (554,720) Total commitment resources ..... .... $ 204,443 $ (236,543) $ 31,943 $ 28,087 $ 37,416 $ 141,155 See Notes to Financial Statements.

Changes in Liquid Funds

181

Statements of Changes in Liquid Funds For the fiscal years ended June 30, 1988 and June 30, 1987 Expressed in thousands of US dollars IDA

Special Fund

1988

1987

SOURCES OF LIQUID FUNDS Operations: Income from development credits-Note C: Service charges ....... . . . . . Commitment fees .... .. . ..... .

$ 246,480 64,959

$ 212,694 56,464

Less management fee to IBRD-Note H . . .

263,400

332,046

Income from development credits less management fee ... ...... .... Income from investments .109,354 Less amortization of subscription advances Operating income .154,824 Non-cash items .(39,902) Liquid funds from operations .114,922

48,039

1988

1987

1988

1987

$ 5,932

$ 4,854

$ 11,585

$ 9,743

52,563 9,222 61,785

5,932 125 6,057

4,854 (350) 4,504

11,585 21 11,606

9,743 (136) 9,607

386,156 -

371,690 -

(62,888) 115,451

2,569

African Facility

-

Drawdown of subscriptions and contributions . . Drawdown of transfers from IBRD . .... .. Grant participations in development credits . . Repayments of development credits

3,337,566 (4,376) 159,447

2,727,017 100,000 11,346 137,326

51,635

47,520

Total sources of liquid funds.

3,607,559

3,037,474

57,692

52,024

397,762

381,297

3,339,203

3,034,890

57,585

53,401

350,984

378,558

268,356

2,584

107

(1,377)

46,778

2,739

(12,579) 977,425

53,649 56,233 921,192

158 265 64,483

2,063 686 63,797

(353) 46,425 61,406

1,509 4,248 57,158

$1,233,202

$ 977,425

$64748

$64,483

$107,831

$ 61,406

USES OF LIQUID FUNDS Development credit disbursements. Effect of current period transactions on liquid funds .

. .

TRANSLATION ADJUSTMENTS . . . . . . . . . Increase in liquid funds .255,777 Liquid funds, beginning of fiscal year Liquid funds, end of fiscal year See Notes to Financial Statements.

.. .

-

-

-

182

IDA, Special Fund, and African Facility Financial Statements

Statements of Condition June 30, 1988 and June 30, 1987 Expressed in thousands of US dollars IDA

Special Fund 1987

1988

Assets

1988

African Facility 1988

1987

1987

Unrestricted assets LIQUID FUNDS Cash available for disbursements: Non-interest-bearing demand deposits ............ Interest-bearing demand deposits ............... Investments: Obligations of governments and their instrumentalities Obligations of banks and financial institutions ...... Receivable for investment securities sold ........... Payable for investment securities purchased ........ CASH NOT IMMEDIATELY AVAILABLE FOR ............ . DISBURSEMENT-Note A CASH COLLATERAL INVESTED

.

.

$

14,416 $ 17,861

9,187 $ 275 $ 2,591 44,686 3,517 -

$ 9,854 $ 7,802 2,356 -

496,043 835,499 41,380 (171,997)

499,111 498,778 139,842 (214,179)

2,533 58,423

9,973 51,919

-

-

-

1,233,202

977,425

64,748

64,483

107,831

61,406

184,817

211,310

37,354

-

327,893

371,454

115,247

363,903

RECEIVABLES ON ACCOUNT OF SUBSCRIPTIONS AND CONTRIBUTIONS Non-negotiable, non-interest-bearing demand obligations 14,612,984 Subscriptions and contributions-Note F: Amounts due ............................. 133,431 . .............. 7,583,877 Amounts not yet due 22,330,292 RECEIVABLES FROM INTERNATIONAL BANK FOR 773,291 RECONSTRUCTION AND DEVELOPMENT-Note G ....

11,776,837 179,455 1,239,087 13,195,379 720,108

22,444 73,177

-

371,454

-

-

115,247

120,303 484,206

150,000

150,000

_ _

327,893

9,611 43,993

DEVELOPMENT CREDITS OUTSTANDING (see Summary Statement of Development Credits) Total development credits .......... ............ 49,082,916 44,434,339 . ............. 16,274,159 15,007,820 Less undisbursed balance 32,808,757 29,426,519 SPECIAL FUND CREDITS OUTSTANDING (see Summary Statement of Development Credits and Note C) Total Special Fund credits ...................... 608,398 593,270 Less undisbursed balance . ............ 360,972 407,881 247,426 185,389 AFRICAN FACILITY CREDITS OUTSTANDING (see Summary Statement of Development Credits and Note C) Total African Facility credits ..................... 1,200,650 1,059,862 Less undisbursed balance . ............ 335,874 554,465 864,776 505,397 OTHER ASSETS Accrued charges on development credits ........... 95,726 92,724 399 242 263 18,433 15,545 274 Accrued interest on investments ................. Amounts required to maintain value of currency holdings-Note D .......................... 100 103 Miscellaneous-primarily advances for project preparation facilities . ............. 42,715 31,605 263 399 242 274 139,977 156,974 58,636,889 45,361,504 392,915 436,336 373,320 695,875 Total unrestricted assets ................. Restricted assets on account of subscriptions-Note B ........ .......... 262,694 226,531 Total assets ................... ...... $58,899,583 $45,588,035 $392,915 $436,336 $373,320 $695,875

Statements of Condition

IDA Sources of Assets

1988

Special Fund 1988 1987

1987

183

African Facility 1988 1987

Unrestricted sources ACCOUNTS PAYABLE AND OTHER LIABILITIES (for IDA this includes payable to IBRD for management fee of $87,765-1988, $115,365-1987) .........

... $

PAYABLE FOR CASH COLLATERAL RECEIVED

..

.

SUBSCRIPTIONS AND CONTRIBUTIONS (see Statement of Voting Power, and Subscriptions and Contributions and Note F)....... .......

CONTRIBUTIONS TO SPECIAL FUND (see Statement of Voting Power, and Subscriptions and Contributions and Note F) Total . .. Disbursed ... Undisbursed . .364,424

96,278 $ 120,453 $ 37,354

-

53,367,708

40,915,348

216,836

159,251

831,179

480,196

51,173

51,173

2,487,466

2,434,283

.......

(92,460)

(234,702)

CUMULATIVE TRANSLATION ADJUSTMENTS ON DISBURSED DEVELOPMENT CREDITS: IDA ................................ Special Fund ............................ African Facility .... ......................

1,577,168 30,590 33,597

1,384,163 26,138 25,201

1,641,355

1,435,502 _

CONTRIBUTIONS TO AFRICAN FACILITY (see Statement of Voting Power, and Subscriptions and Contributions and Note F) Total Disbursed ................. ............ Undisbursed

CONTRIBUTION BY SWITZERLAND-Note E........ TRANSFERS FROM INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT-Note G .................. ACCUMULATED (DEFICIT) SURPWS ......

Total unrestricted sources ...... Restricted subscriptions-Note B

Total sources of assets ....... See Notes to Financial Statements.

...... ........

........

58,636,889

45,361,504

262,694

226,531

-

$

368 $

30

$

255

581,260 572,818 (216,836) (159,251) 413,567

1,024,482 (831,179) 193,303

1,007,061 (480,196) 526,865

150,000

150,000

28,491

22,401

29,987

18,755

392,915

436,336

373,320

695,875

$58,899,583 $45,588,035 $392,915 $436,336

$ 373,320 $ 695,875

184

IDA, Special Fund, and African Facility Financial Statements

Summary Statement of Development Credits June 30, 1988 and June 30, 1987 Expressed in thousands of US dollars June30, 1988 Total IDA Total credits'

Borrower or guarantor Afghanistan .$ Bangladesh .. . Benin.297,511 .28,178 Bhutan Bolivia .......

Burundi.

9,880

$

-

$

-

Total credits $

Credits outstanding

79,623 $ 79,623 2,985,054 4,463,948 308,389 191,843

Percentage of credits outstanding 0.23 8.80 0.57

-

-

-

-

28,178 364,624

8,861 161,171

0.03 0.48

338,463

14,277 222,024 554,643

-

-

-

-.-

14,277 338,463 851,217

14,277 222,024 554,643

0.04 0.65 1.64

. 450,822

235,256

-

-

469,564

253,998

0.75

239,491

-

-

-

-

241,729

239,491

0.71

6,230

-

-

-

-

18,480

6,230

119,552

-

-

18,349

18,349

217,550

137,901

71,246

-

-

-

-

186,174

71,246

15,944 1,370,681

74,443

60,171

-

-

15,944 3,192,567

15,944 1,430,852

0.05 4.22

16,246 31,940

-

-

-

-

16,246 46,373

16,246 31,940

0.05 0.09

73,250 3,873 7,125

-

-

-

-

74,403 3,873 7,125

73,250 3,873 7,125

0.22 0.01 0.02

22,794 6,996 20,776 333,434 887,290

-

-

-

-

-

-

-

31,405 12,058 20,776 33,434 946,286

22,794 6,996 20,776 33,434 887,290

0.07 0.02 0.06 0.10 2.62

24,520

-

-

-

-

24,520

24,520

0.07

-

4,718

4,550

39,580

20,121

0.06

-

1,087,695

608,833

1.79

102,231 1,282,777

68,701 719,366

0.20 2.12

364,624 14,277

Cameroon .241,729

18,480 199,201

CapeVerde

Central African Republic .. Chad.186,174 Chile .15,944 China .3,118,124 Colombia .16,246 Comoros .46,37 Congo, People's

46,373 74,403

Republic of the Costa Rica .3 873 Coted'lvoire .7 125

3,873 7,125 31,405 12,058.......... 12

Djibouti .31,40 Dominica Dominican Republic Ecuador .3,434 Egypt, Arab Republic of . .

20,776 946,286

ElSalvador .24,52

24,520 Equatorial Guinea ..... 34,862 1,087695 Ethiopia 1,087,695... 89,387 Gambia, The.89,38 Ghana .1,062,332 Grenada .6,553 Guinea .496,174 Guinea-Bissau ..... .. 109,786 48,641 Guyana .... ...... Haiti .335,000 Honduras .79,644 India .15,767,248 Indonesia .865,809 Jordan .79,920 Kenya .858,747 Korea,Republic of

LaoPeople's Democratic Republic ..... Lesotho .145,587 Liberia .127,905 Madagascar .785,115

$

African Facility Total Credits credits outstanding

8,861 161,171

.

......

Special Fund Total Credits credits outstanding

79,623 $ 79,623 $ 4,436,818 2,985,054 27,130 181,963 10,878

....

... Botswana ... Burkina Faso .338,46 Burma .851,217

Credits outstanding

.

15,571

18,742

18,742

-

608,833

-

-

-

55,857 575,376

44,430

36,492

12,844 176,015

3,282

-

-

213,396 78,361

5,111

4,696

-

12,844 107,498 -

-

20,445 11,140

17,898 7,599

0.02

0.41 0.21

0.01

6,553

3,282

516,619 126,037

231,294 90,656

0.68 0.27 0.10

35,118

-

-

-

48,641

35,118

279,096

15,727

3,990

-

-

350,727

283,086

0.83

79,644

-

-

-

-

79,644

79,644

0.23

11,612,868 863,362 79,920 534,187

227,915 49,541

5,775 1,612

39,677

15,995,163 865,809 79,920 963,858

11,618,643 863,362 79,920 575,476

103,238

103,238

-

-

-

-

103,238

103,238

0.30

101,745

49,953 82,634 100,492

-

-

-

-

101,745 145,587 127,905

49,953 82,634 100,492

0.15 0.24 0.30

458,534

36,566

33,974

133,813

955,494

557,216

1.64

-

55,570

-

64,708

34.25 2.55 0.24 1.70

Statement of Development Credits

185

June 30, 1988 Total Special Fund Total Credits credits outstanding

IDA Total credits'

Borrower or guarantor

Credits outstanding

Malawi ............. $ 658,411 $ 429,590 $ 17,169 .8,772 7,072 ..... Maldives ...... 339,386 13,971 547,157 ........ Mali . 106,150 ...... 162,764 Mauritania .

African Facility Credits Total credits outstanding

Credits outstanding

Percentage of credits outstanding

$ 735,475 $ 500,640

1.48

Total credits

$ 11,223

$ 59,895

$59,827

-

-

-

8,772

7,072

0.02

9,110 -

9,305 28,047

20,970

570,433 190,811

348,496 127,120

1.03 0.37

-

-

19,290

19,290

0.06

-

40,988

40,988

0.12

Mauritius ...........

19,290

19,290

-

-

Morocco ............

40,988

40,988

-

-

Mozambique .........

166,840

96,161

-

-

19,004

11,722

185,844

107,883

0.32

....... ..... Nepal Nicaragua ...........

874,009 59,948

435,863 59,946

-

-

-

-

874,009 59,948

435,863 59,946

1.28 0.18

Niger .............

442,457

243,689

-

-

85,190

63,132

527,647

306,821

0.90

31,682 2,902,690 113,712 43,661 105,565

31,682 1,785,423 113,584 43,661 100,532

-

-

-

-

31,682 2,902,690 113,712 43,661 105,565

31,682 1,785,423 113,584 43,661 100,532

Rwanda .. ..... St.Vincent and the Grenadines ......... SaoTome and Principe. . . ....... Senegal .

374,057

243,060

-

-

29,489

11,149

403,546

254,209

0.75

917 19,004 639,620

226 6,703 414,145

5,242 23,198

2,734 21,955

3,014 93,578

709 91,078

6,159 22,018 756,396

2,960 7,412 527,178

0.01 0.02 1.55

Sierra Leone .........

126,818

77,072

-

-

-

-

126,818

77,072

0.23

20,183

9,917

-

-

-

-

20,183

9,917

368,828

272,116

-

-

32,165

406,443

304,281

0.03 0.90

.....

1,129,055

617,996

-

-

-

1,129,055

617,996

1.82

Sudan .............

1,162,642

689,705

12,582

10,087

-

-

1,175,424

699,792

2.06

7,175

7,175

-

-

-

-

7,175

7,175

0.02

45,466

45,466

-

-

-

-

45,466

45,466

0.13

1,051,461

801,771

-

-

75,622

49,934

1,127,083

851,705

2.51

114,027

110,398

-

-

-

-

114,027

110,398

0.33

0.80

Nigeria . . . Pakistan ............ Papua New Guinea ..... . Paraguay ... Philippines . ........

Solomon Islands .......

Somalia ....

......

Sri Lanka .... Swaziland ...........

Syrian Arab Republic ... .

Tanzania ............ Thailand ............

37,615

0 09 5.26 0.33 0.13 0.30

Togo .......

.....

417,770

233,052

24,181

24,181

13,237

13,237

455,188

270,470

Tonga......

...

2,097

302

-

-

-

-

2,097

302

Tunisia ....... Turkey .......

..... .....

62,682 168,140

62,682 168,140

-

-

-

-

-

62,682 168,140

62,682 168,140

0.18 0.50

Uganda .....

1.57

.....

813,380

518,736

-

-

24,639

13,065

838,019

531,801

..... Vanuatu ...... Viet Nam ...........

4,124 59,697

1,598 59,697

-

-

-

-

4,124 59,697

1,598 59,697

0.18

Western Samoa . ....... Yemen Arab Republic. . .

23,277 533,885

13,096 312,270

-

-

-

-

23,277 533,885

13,096 312,270

0.04 0.92

Yemen, People's Dem. Rep.of ........... Zaire .............. Zambia ..... .....

218,588 1,024,342 358,955

159,860 642,545 174,290

12,975 7,339

7,651 3,895

202,489 67,890

138,225 67,698

231,563 1,226,831 434,184

167,511 780,770 245,883

0.49 2.30 0.72 0.17

Zimbabwe ...........

Subtotal members ... .

62,506

56,314

-

-

-

-

62,506

56,314

49,029,914

32,775,331

608,398

247,426

1,200,650

864,776

50,838,962

33,887,533 (continued)

IDA, Special Fund, and African Facility Financial Statements

186

Summary Statement of Development Credits (continued) June 30, 1988 and June 30, 1987 Expressed in thousands of US dollars June 30, 1988 Total IDA Total Credits creditsW outstanding

Borrower or guarantor Regional development $ banks West Atrican $ Development Bank' Caribbean Development .21,810 Bank . Subtotal regional development banks .

$

20,038 $

10,548 $

-

11,724

-

-

22,272

-

-

..

$

-

$

-

$

$

$

20,038 $

10,548

0.04

21,810

11,724

0.04

41,848

22,272

11,154

-

-

ot credits outstanding

Credits outstanding

11,154

0.02

$247,426

$1,200.650

$864,776

$50,891,964 $33,920,959

10000

$593,270

$185,389

$1,059,862

$505,397

$46,087,471 $30,117,305

11,154

Total-June 30, 1987

-

Total credits

$49,082,916 $32,808,757 $608,398

Other .11,154

ota-June 30, 1988

$

$

$

$

$

41,848

African Facility Total Credits outstanding credits

Special Fund Credits Total credits outstanding

$44,434,339 .$29,426,519

-

_

_

-

a. Ofthe undisbursed balance at June 30, 1988, IDAhas entered into irrevocable commitments to disburse $283,807,000 ($240,054,000-1987). Cote dlvoire, Niger, Senegal, and Togo, b. These development credits aretor the benefit of Benin, Burkina Faso, c. These development credits aretor the benetit of Grenada and territories of the United Kingdom (Associated States andDependencies) inthe Caribbean Region. represented China in IDA(prior to May 15,1980). d. Represents development credits made ata time when the authorities on Taiwan

Maturity Structure of Development Credits* IDA

Periods

June 30, 1988 African Special Facility Fund $

78

$

Total -

$ 188,003 225,173 275,751 324,722 375,559

July July July July July

1, 1988 1, 1989 1, 1990 1,1991 1,1992

June June June June June

30, 30, 30, 30, 30,

1989 .............................. 1990 ............................ 1991 ............................ 1992 ................... 1993 ..............................

.

$ 188,003 225,173 275,751 324,722 375,481

July July July July July

1, 1993 to June 1,1998to June 1, 2003 to June 1, 2008 to June 1, 2013 to June

30, 30, 30, 30, 30,

1998 .............................. 2003 .............................. . ............... 2008 ............ 2013 ... ......................... .. 2018 ....................

2,895,401 4,856,672 6,659,601 7,769,508 7,594,435

26,632 31,291 82,275 91,044 91,044

21,324 60,032 102,682 180,098 180,098

2,943,357 4,947,995 6,844,558 8,040,650 7,865,577

.. .......

7,264,814 5,953,325 3,686,538 1,013,492 $ $4........... 9,082,916

91,044 91,044 90,794 13,152 $608,398

180,098 180,098 180,098 116,122

7,535,956 6,224,467 3,957,430 1,142,766

$1,200,650

$50,891,964

to to to to to

..........

July 1, 2018 to June 30, 2023 .................... July 1,2023 to June 30, 2028 ........... .......... July 1, 2028 to June 30, 2033 .............................. July 1, 2033 to June 30, 2037 .............................. Total ...................................

Includes undisbursed balance. See Notes to Financial Statements.

Voting Power, and Subscriptions and Contributions

187

Statement of Voting Power, and Subscriptions and Contributions June 30, 1988 and June 30, 1987 Expressed in thousands of US dollars June 30, 1988 Number of votes

Members'

IDA Percentage of total'

Subscriptions and contributions

Special Fund contributions

African Facility contributions

Part I Members Australia . . .... Austria

Belgium

.

.. . .. . . .. . .

......

.

. .

Canada . . .... . . . Denmark . . . .......... Finland .

....

. . .

84,501 39,431

.

. . .. .

.. ..

. ...

. .. .

.

France ...... . . .. .. Germany, Federal Republic of ..... . .

. .

1.45 0.68

64,549

1.11

193,338 57,151

3.31 0.98

$ 1,022,296 408,578

$

-

$

-

16,737

616,711

46,403

8,032

2,522,480 616,871

158,988 33,248

78,240 23,602

35,158

0.60

344,302

227,465 414,497

3.90 7.10

3,100,636 6,332,089

15,049

0.26

7,490

-

138,235 -

17,518

226,433 -

Iceland

......

Ireland

.. . .. . . .. . .

.

......

.. . .. . . .. . .

.

18,448

0.32

. .

139,794 537,655 ..62,126 12,744 121,957

2.40 9.21 1.06 0.22 2.09

18,108

0.31

. . .

55,368 19,760 128,730 15,942 358,528

0.95 0.34 2.21 0.27

588,725 59,078 1,462,564 136,535

6.14

4,632,759

.

1,057,107

18.11

14,766,088

-

136,580

.

3,677,406

63.02

51,712,536

581,260

1,010,772

13,557 18,481 81,053 37,457 1,788

0.23 0.32 1.39 0.64 0.03

1,341 5,191 49,092 7,059 243

-

4,966 3,526 13,748 11,745 92,465

0.09 0.06 0.24 0.20 1.58

623 61 1,328 206 62,256

-

-

9,720 22,889 12,667

0.17 0.39 0.22

647 2,745 986

-

-

13,854

0.24

1,330

Italy..... .. .. .. . .. Japan . ... . . . . . . . . . . Kuwait ... Luxembourg . ......... . ... Netherlands .. . .. . . .... . . New Zealand . ........

..

.

..

. .

.

Norway ..... . . South Africa .... . ...... . Sweden . . . . . .. . .. . . United ArabEmirates .. . .... . United Kingdom ... . .... . . United States ....

.

.. . . .

Algeria . . . . Argentina . .......... .. Bangladesh .. .......... Belize. ....... Benin .... Bhutan . . . Bolivia Botswana ... Brazil .......

.

.. ..

.

. . . .. . .

. ..

. ..

.... . . . . . ...... . . .. .

.

. . . . .. . .

. ..

. ...

..

.. . . . . . .

... . . ..

.

........

Central African Republic . . Chad. . . .................

.

..... .

0.01

97

.

10,920 6,459

0.19 0.11

653 647

.. .

25,272 117,316 26,642

0.43 2.01 0.46

4,452 39,503 13,507

.

Congo, People's Repubihc of the . Costa Rica . .....

59,835

516

..........

Comoros Coted'lvoire Cyprus .

. .

.

CapeVerde

Chile China Colombia

..

.

.

Burkina Faso . Burma . . .. Burundi . ..........

Cameroon

..

. .. .

Subtotal ...... Part It Members Atghanistan .

60,320 1,257,024 11,203,839 603,238 20,297 1,890,781

.

...... . ....

..

.. . . . . . . .

5,774

0.10

102

6,685 7,844

0.11 0.13

639 254

7,771 17,394

0.13 0.30

1,291 1,023

88,195 -

2,241 229,244 -

-

-

-

164,441

-

39,874 -

76,317 -

-

-

38,968 -

68,736 -

-

-

-

-

-

-

-

-

(continued)

188

IDA, Special Fund, and African Facility Financial Statements

Statement of Voting Power, and Subscriptions

and Contributions

[continued)

June 30, 1988 and June 30, 1987 Expressed in thousands of US dollars June 30, 1988 Number of votes

Members'

IDA Percentage of total'

Subscriptions and contributions

Special Fund contributions

African Facility contributions

Part IIMembers (continued) Djibouti ......... . .. . I .. . . . Dominica. ........ . .. Dominican Republic . Ecuador .. . . .................. Egypt, Arab Republic of ...... . . . . .

532 6,213 15,860 13,709 28,424

0.01 0.11 0.27 0.23 0.49

. . . . . ElSalvador . . . . . . . . . . Equatorial Guinea ........ ..... Ethiopia .1.3..1. . . ....... I.I..13 Fiji ......... .. . .. .. . .. . Gabon ..... ... ....... . ......... Gambia, The..... ............ Ghana ....... Greece...... .. . . .. . .. . . . Grenada . . . . . . . . . . . . . . . . Guatemala .. . . . . .. . . . .. . .

6,244 1,967 .09 2,130 2,093 10,644 15,362 26,356 14,439 12,713

0.11 0.03 0.22 0.04 0.04 0.18 0.26 0.45 0.25 0.22

405 401 693 701 627 340 2,959 13,937 122 514

. Guinea . ..... ....... Guinea-Bissau ...... . Guyana ...... . ....... Haiti ...... .. .. Honduras . ........ .. . . . Hungary ...... . . .... India . . .. Indonesia .. ....... . ..... Iran,Islamic Republic of . . .. . . . . . Iraq . . . Israel . .

16,889 528 12,859 14,143 12,290 46,809 190,400 62,300 15,455 9,407 9,386

0.29 0.01 0.22 0.24 0.21 0.80 3.26 1.07 0.26 0.16 0.16

1,328 169 1,030 1,016 403 20,682 53,899 14,387 5,854 992 2,401

Jordan

. .

.

Kampuchea, Democratic . . . Kenya. . . ...... Kiribati . .......... . . Korea, Republic of . LaoPeople's Democratic Republic . Lebanon

Lesotho .a

.

.. .....

. . ......

.

Liberia .

Mexico ............

15,388

0.26

404

7,826 16,021 512 21,439 11,723

1,284 2,156 73 35,150 633

.

10,487

. ...

13,867

0.24

1,016

7,771

. . ..

8,562

Libya..

Madagascar ...... .. . Malawi . .. ... . Malaysia . . .. .... Maldives . ...... . Mali ... ...... Mauritania . ...... . Mauritius . ...... .. ....

193 100 581 821 6,445

0.13 0.27 001 0.37 0.20 0.15 0.18

. . ....

$

... . . .

Morocco . ....... ....... . Mozambique ..... ..... . Nepal . . . . . . . . . . . . . . . . . . . Nicaragua ........ . . .. . . Niger ......... . ......... Nigeria . . . . . . . . . . . . . . .

$

-

-

-

-

564

204

0.13

1,303

702 7.0.2. 14,143 25,026 14,229 13,507 6,685 17,855

0.01 0.24 0.43 0.24 0.23 0.11 0.31

1,218 974 3,406 39 1,158 637 1,168

34,001

0.58

29,442 774 16,089 10,896 16,210 4,057

0.50 0.01 0.28 0.19 0.28 0.07

46,743

4,678 1,653 659 387 673 4,211

-

-

$

-

Voting Power, and Subscriptions and Contributions

189

June 30, 1988 Number of votes

Membersa Oman . ........

IDA Percentage of totaP

. .. .. . .. . .

.

12,293

0.21

Pakistan ....... . ........ . Panama ....... . . Papua New Guinea ... . ....... . Paraguay ...... . ........ . . Peru ......... . .. . .. .. . . Philippines ........ . . . .. . . . . Poland ........ .. . . .. . .. . Rwanda ...... . ......... . St.Kitts and Nevis . . . . . . . . . . . . . St.Lucia .O....... .. . . .. . .. . St.Vincent and the Grenadines ..... . . . SaoTome andPrincipe ...... . . . . . . Saudi Arabia ....... . . . . . . . . . Senegal ........ .. . .. . .. . Sienra Leone ....... ......... Solomon Islands ...... . . . . . . . . Somalia ... .... .. . . Spain .. ...... ... . SriLanka . .. .. ...... ...

.

. .

56,741 5,657 13,050 8,124 854 16,583 6,670 12,667 526 10,445 514 514 155,193 17,830 12,667 518 10,506 67,942 27,241

0.97 0.10 0.22 0.14 0.01 0.28 0.11 0.22 0.01 0.18 0.01 0.01 2.66 0.31 0.22 0.01 0.18 116 0.47

Sudan . ...........

.

$

423

Special Fund contributions $

-

13,481 26 1,132 383 2,135 6,484 37,215 1,016 158 199 84 84 1,219,462 2,214 954 109 955 120,947 3,954

-

-

-

-

13,710

-

0.24

1,289

0.19 0.13 0.27 0.47

409 1,202 2,115 4,077

-

Togo

14,143

0.24

1,002

-

Total-June 30,1987 ...

........

.

11,380 770 .. 2,793 . 39,634 .. 16,021 . 4,869 8,889 8,768 . 11,468 . 11,791 . 34,038 . 12,164 . 19,730 . 1,324 2,158,169 5,835,575 .

5,374,790

0.20 001 0.05 0.68 027 0.08 0.15 0.15 0.20 0.20 0 58 0.21 0.34 0.02 36.98 10000

-

-

11,073 7,651 16,021 27,241

. .

-

-

13,884

..

$

-

.

Tonga. . . . . . . . . . . . . . . . . Trinidad andTobago .. ..... . . . . Tunisia . .. .... ......... Turkey ............... ... Uganda .. .... . .... .. . . Vanuatu ........ .. . . . . .. . Viet Nam....... .... Western Samoa ....... ... Yemen Arab Republic ...... . . . . . . Yemen, People's Dem. Rep.of ..... . . . . Yugoslavia ..... . ... . . . . Zaire ...... ........... . Zambia ...... . .. . . .. . .. . Zimbabwe ........ . . . .. . . . Subtotal .. ... . . . Total-June 30, 1988 .

African Facility contributions

-

Swaziland . . . . . . . . . . . . . . . Syrian Arab Republic . .. . ....... Tanzania .................. . Thailand. . ....... . . .

......

. . . . . . . . . . . . .

Subscriptions and contributions

-

94 1,629 1,893 18,172 2,106 236 1,893 115 553 1,552 19,303 3,785 3,389 4,970 1,917,866 $53,630,402

$581,260

13,710 $1,024,482

$41,141,879

$572,818

$1,007,061

a. SeeNotes to Financial Statements-Note F,for an explanation of the two categories of membership. b.Total may differ from the sum of individual percentages shown because of rounding. See Notes to Financial Statements.

-

190

IDA, Special Fund, and African Facility Financial Statements

Notes to Financial Statements June 30, 1988 and June 30, 1987

Summary of Significant Accounting and Related Policies Organization and Operations IDAwas established on September 24, 1960 to promote economic devel opment, increase productivity, and raise the standard of living of its developing country members. OnOctober 26, 1982, IDAestablished theSpecial Fund constituted by funds to be contributed by members of IDAand administered by IDA,to supplement the regular resources available for lending by IDA.The arrangements governing the Special Fund may beamended or terminated by IDA's Executive Directors subject to the agreement of a qualified majority of the contributors to the Special Fund. The Special Fund became effective on December 13,1982. The resources of the Special Fund are kept separate from the resources of IDA. OnMay 21,t1985, IDAestablished aSpecial Facility for Sub-Saharan Africa (the African Facility) constituted by tunds to becontributed by the Interna. tional Bank for Reconstruction and Development (IBRD) and other donors to provide financing for countries of the Sub-Saharan region. TheAfrican Facility became effective on July 1,1985, and isadministered by IDA.The resources of the African Facility are kept separate from the resources of IDA.

basket method of valuing the SDR on July 1,1974, such value being equal to $1.20635 for one SDR(the 1974 SDR), and also decided to apply the same standard of value to amounts expressed in 1960 dollars in the relevant resolutions of the Board of Governors.

The subscriptions and contributions provided through the third replenishment are expressed on the basis of the 1974 SDR. Prior to the decision of the Executive Directors, IDAhad valued these subscriptions and contributions on the basis of the SDRatthe current market value of the SDR. The subscriptions and contributions provided under the fourth replenish and ment and thereafter are expressed in members currencies or SDRs are payable in members' currencies. Prior to July 1, 1986, amounts receivable and amounts received but not yet disbursed weretranslated at market rates of exchange at the end of the accounting period. Amounts which hadbeen disbursed or converted into other currencies were trans lated atmarket rates of exchange on dates of disbursement or conversion. Beginning July 1, 1986, amounts received but not yet disbursed, as well as amounts disbursed or converted into other currencies, aretranslated at market rates of exchange on the dates they weremadeavailable for disbursement incash to IDA. Special Fund and African Facility: Undisbursed contributions are trans lated at market rates of exchange at the end of the period. Disbursed contributions aretranslated at market rates of exchange effective onthe dates of disbursement.

Translation of Currencies IDA: IDAis aninternational organization which conducts its operations in the currencies of all of its members and Switzerland. Assets and liabilities are translated at market rates of exchange at the endof the accounting period. Income isgenerally translated at anaverage of the market rates of exchange in effect during each month. Subscriptions and contributions are translated inthe manner described below. Translation adjustments relating to the revaluation of development credits denominated inSpecial Drawing Rights (SDRs) are charged or credited to Cumulative Translation Adjust ments on Development Creddts. Other translation adjustments areincluded inthe determination of Liquid Funds. Special Fund and African Facility: Assets of the Special Fund and the African Facility aretranslated at market rates of exchange atthe end of the period. Contributions aretranslated inthe manner described below,

Development Credits

Valuation of Subscriptions and Contributions

All development credits aremade to member governments or to the government of a territory of a member (except for development credits which have been made to regional development banks for the benefit of members or territories of members of IDA).It is IDA's policy to place in nonaccrual status all development credits made to a member government or to the government of a territory of amember if principal orcharges with respect to any such credit are overdue by more than six months, unless IDAmanagement determines that the overdue amount will be collected in the immediate future. Charges on nonaccruing credits areincluded in income only to the extent that payments have actually beenreceived by IDA.IDAhas not suffered any losses on development credit receivables and has established no provision for credd losses because no losses are anticipated. IDA: The repayment obligations of IDA's development credits funded from

IDA: Thesubscriptions and contributions provided through the third re plenishment are expressed in terms of "USdollars of the weight and fineness in effect on January 1 1960 (1960 dollars). Fllowing the abolition of gold as a common denominator o(the monetary system and the repealoftheprovision goldtashacommon of denoinedator of monet the mand tueo repeal of the provision of the United States lawdetining theparvalue of the USdollar in terms of gold, the pre-eisting basis for translating 1960 dollars into current dollars or anyother currency disappeared. OnJune 30, 1987, the Executive Directors of IDAdecided, with effect on that date and until such time as the relevant provisions of the Articles of Agreement are amended, to interpret the words "United States dollars of the weight andfineness ineffect on January 1,1960" in Article II,Section 2(b)of the Articles of Agreement of IDAto mean the Special Drawing Right (SDR) introduced by the International Monetary Fund, as the SDRwas valued in terms of Unded States dollars immediately before the introduction of the

resources through the fifth replenishment are expressed inthe development credit agreements in terms of 1960 dollars. Pending resolution of the valuation issue, as an interim measure, payments have beenaccepted at the rate of $1.20635 per 1960 dollar. On June 30, 1987, the Executive Directors decided to value such credits atthat rateona permanent basis. Consequently, noadjustment has been required to the itemDevelopment Credits Outstanding and the corresponding Cumulative Translation Adjustment. Development credits funded from resources provided under the sixth menishment creafter re sourced inS dr the sixth replemishment and thereafter are denominated in SDRs; the principal amounts disbursed under such credits areto berepaid in amounts equivaient to the value of the disbursements interms of SDRs. Special Fund: Special Fund credits are denominated in SDRs. The prin cipal amounts disbursed under such credits areto be repaid in amounts equivalent to the value in terms of SDRs of currencies disbursed.

Notes to Financial Statements

Special Fund credits aremade on the same terms as regular IDAcredits except that the proceeds of Special Fund credits may beused only to finance expenditures for goods or services from (a)Part II members of IDA;(b)Part I members contributing to the Special Fund; and (c)Part I members contributing to the regular resources of IDAthrough IDA's FY84 Account who have notified IDAthat such contributions areto betreated in the same manner as contributions to the Special Fund for purposes of any tuture adjustment of the voting rights of the members of IDA. African Facility: African Facility credits are denominated in SDRs. The principal amounts disbursed under such credits areto berepaid inamounts equivalent to the value interms of SDRs of currencies disbursed, African Facility credits aremade to member countries of IDAin SubSaharan Africa which areeligible for development credits of IDAand have undertaken or arecommitted to undertake medium-term programs of policy reform and stabilization measures acceptable to IDA.Proceeds of African Facility credits equivalent to the amount contributed by the IBRD shall be used in the same manner as the regular resources of IDA.The remaining proceeds may beused only to finance expenditures for goods produced or services supplied from (a)Part II members of IDA;(b)Part I members contributing to the Atrican Facility; and (c)countries which maintain special joint financing arrangements with IDA.

Investments Investment securities arerecorded at cost or amortized cost which approximates market. Gains or losses onsales of investments, measured by the difference between average cost and proceeds of sales, arerecorded-as an element of income from investments.

Note A-Cash Not Immediately Available for Disbursement Under the Articles of Agreement and the arrangements governing replenishments, IDAmust take appropriate steps to ensure that, over a reasonable period of time, the resources provided by donors for lending by IDA areused on anapproximately pro rata basis. Donors sometimes contribute cash substantially ahead of their pro rata share. Unless otherwise agreed, IDAdoes not disburse these funds ahead of donors pro rata share, Cash Not Immediately Available for Disbursement represents the difference between the cash contributed and the amount available for disbursements on a pro ratabasis.

Note B-Restricted Assets and Subscriptions Forthe purposes of its financial resources, the membership of IDAis divided into two categories: (1)Part I members, which make payments of subscriptions and contributions provided to IDAin convertible currencies which may be freely used or exchanged by IDAin its operations; (2)Part 11members, which make payments of ten percent of their initial subscriptions in freely convertible currencies and the remaining ninety percent of their initial subscriptions, and all additional subscriptons and contributions intheir own currencies or infreely convertible currencies. IDA's Articles of Agreement andsubsequent replenishment agreements provide that the currency of any Part II member paid in by it may not beused by IDAfor projects financed by IDAand located outside the territories of the member except by agreement between the member andIDA.

191

Note C-Development Credits Special Fund and African Facility Development Credits Outstanding are included in the Statements of Condition of IDAsince the principal repay ment onthese credits shall become part of the general resources of IDA, unless otherwise provided in a decision of IDA's Executive Directors to terminate administration of the Special Fund andlor African Facility by IDA. to At June 30, 1988 no development credits, other than those referred below, were overdue by more than three months. At June 30, 1988, the development credits made to or guaranteed by certain member countries with anaggregate principal balance outstanding of $528,859,0D0 of which $3,414,0D0 was overdue, were in nonaccrual status. If these credits had not been in nonaccrual status, income from credits for the fiscal year would have been $8,981,0D0 higher This nonaccrual policy went into effect in April 1988. A summary of borrowers in nonaccrual status follows: US$thousands Principal outstanding

Borrower Liberia .$100,492 Nicaragua. ........ Sierra Leone Syrian ArabRepublic Zambia2 hc .. 258

June 30, 1988 Principal overdue

59,946 77,072 45,466 45,883

$ 280 1,335 429 1,370

$1,694 1,970 1,393 735 3,189

______

$528,859

Income effect

$3,414

3

-,1

$8,981

Note D-Maintenance of Value Article IV,Section 2(a)and (b)of IDA's Articles of Agreement provides for maintenance of value payments onaccount of the local currency portion of the initial subscription whenever the par value of the member's currency or its foreign exchange value has, in the opinion of IDA,depreciated or appreciated to a significant extent within the members' territories, so long as and to the extent that such currency shall not have beenintially disbursed or exchanged for the currency of another member. Theprovisions of Article IV,Section 2(a)and (b)have by agreement beenextended to cover additional subscriptions and contributions of IDA through the third replenishment but are not applicable to those of the fourth and subsequent

replenishments.

The Executive Directors decided on June 30, 1987, that settlement of maintenance of value obligations, which would result from the resolution would bedeferred of the valuation issue on the basis of the 1974 SDR, until the Executive Directors decide to resume such settlements.

Note E-Contribution by Switzerland IDAhas received grant contributions in the amount of SwF181,480,000 from the Swiss Confederation which is not a member of IDA.Theagreements between the Confederation and IDA provide for converting these grant contributions into subscriptions or contributions if Switzerland should become a member of IDA.

(continued)

192

IDA, Special Fund, and African Facility Financial Statements

Notes to Financial

Statements

(continued)

June 30, 1988 and June 30, 1987 Note F-Subscriptions and Contributions On June 26, 1987, the Board of Governors of IDAadopted a resolution

authorizing the eighth replenishment of IDA'sresources. Theamount of replenishment, including supplementary contributions provided by certain members and a grant from Switzerland, is equivalent to approximately $12.4 billion (at the exchange rates determined pursuant to a formula agreed among the contributing members). Theeighth replenishment, which became effective on March 4, 1988 is providing IDAwith resources to fund credits committed during the period July 1, 1987 to June 30, 1990 As of June 30, 1988, twenty-three contributing members (including eigh. teen Part I members) have notified IDAthat they will contribute the equivalent of approximately $10.7 billion to the eighth replenishment. Payment of eighth replenishment subscriptions and contributions isdue in three equal annual installments, unless IDAagrees to a different schedule. Forpurposes of credit commitments by IDA,allcontributions to the eighth replenishment are divided into three equal annual tranches. The first tranche became available for commitment as of the effective date of the replenishment (except to the extent already available inthe form of advance contributions); the second and third tranches will become available for commitment by IDAfor credits as of November 1, 1988 and 1989, respectively, unless a contributing member authorizes IDAto use such amounts earlier Contributions may not bereleased in their entirety by other contributing members ifany contributing member with a share in the replenishment of more than 20% which hasdeposited with IDAa Qualified Instrument of Commitment has not deposited notifications of unqualified commitments for the second and third tranches of its contribution by October 31,1988 and October 31, 1989, respectively. in this situation, other contributing members have the right to reduce their second and third tranches (whichever isapplicable) on a pro ratabasis. AtJune 30, 1988 and1987, the composition of unrestricted subscriptions and contributions (expressed inthousands of USdollars) not yet duewill become due asfollows:pybeb Fiscal years

1988

1987

IDA 1988 ..................

.

$

1989 .................. 1990 .................. Undetermined ............ Total.................

. . . .

2,785,778 2,786,984 2,011,115 $7,583,877

219,310* $1,239,087

$

$ 120,303

AfricanFacility 1988 ....................

-

-

$1,019,777 -

Includes the portion of a member's contribution which was qualified at that time.

Note G-Transfers from The International Bank for Reconstruction and Development

(IBRD)

IDA:TheIBRD hasauthorized transfers by way of grants to IDAtotaling $2,567,371,000 ($2,514,188,000-1987) from netincome of the IBRD for the fiscal years ended June 30, 1964 through June 30, 1987. Ofthe total amount, $79,905,000 ($79,905,000-1987) has been disbursed for grants for agricultural research, the control of onchocerciasis, and other develop mental activities. Of the balance of $2,487,466,000 ($2,434,283,0001987) available for general purposes of IDA, $1,714,175,000 ($1,714,175,000-1987) has been received and $773,291,000 ($720,108,000-1987) isreflected as a receivable from the IBRD. African Facility: The IBRD authorized a transfer to the African Facility of $150,000,000 from net income of the IBRD for the fiscal year ended June 30,1985. These funds will be paid to the African Facility as needed to finance African Facility credits.

Note H-Income and Expenses IDA IDA the aIn pays a management teeto the IBRD represenIng itsshare of the administratve expenses Incurred bythe IBRD. In May1987 the IBRO announced a reorganization to improve its efficiency and effectiveness. IDA's original share of accrued reorganization costs of $43,900,000 was included in its Management Feeto IBRD in the Statements of Changes in Liquid Funds for the year ended June 30, 1987. In September 1987 the cost estimate of the reorganization was revised, andIDA'sshare was increased to $56,300,000. Theportion of the increase which related to IDA of $12,400,000 is included in Management Feein the accompanying Statements of Changes in Liquid Funds for the year ended June 30, 1988. Special Fund and Afrcan Facility: Theservice andcommitment charges payable byborrowers under Special Fund andAfrican Facility credits are ne pca itFn n fia aHt rdtof the r paid directly orwr to IDAto compensate for services asadministrator Special Fund and the African Facility. Income from investments of the Special Fund and the African Facility becomes part of the resources of the Special Fund and the African Facility, respectively.

Report of Independent Accountants

193

Report of Independent Accountants

1801 K Street, N.W. Washington, DC20006

PriceWaterhouse

Telephone 202 833 7932

0

July 27, 1988 President and Board of Governors, International Development Association Special Fund Administered by the International Development Association, and the Special Facility for Sub-Saharan Africa Administered by the International Development Association In our opinion, the financial statements appearing on pages 177 through 192 of this Report present fairly, in all material respects, in terms of United States dollars, the financial position of the International Development Association, Special Fund Administered by the International Development Association, and the Special Facility for Sub-Saharan Africa Administered by the International Development Association at June 30, 1988 and 1987, and the changes in their commitment resources and their liquid funds for the years then ended in conformity with generally accepted accounting principles. These financial statements are the responsibility of management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with generally accepted auditing standards which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for the opinion expressed above.

PK. _°

;4k 1 _ Ar

195

IBRD/IDA Appendices 1

Governors and Alternates of the World Bank

196

2

Executive Directors and Alternates of the World Bank and Their Voting Power 199

3

Officers and Department Directors of the World Bank

4

Offices of the World Bank 203

201

196

IBRD/IDA Appendices

Governors and Alternates of the World Bank

Appendix 1

June 30, 1988 Member

Governor

Alternate

...... Afghanistan ........... Algeria . .................. Antigua and Barbudal ................. Argentina ............ ...... Australia ................. Austria ....... .......... Bahamas, The, .................. Bahraina ......................... Bangladesh ..... Barbadosa .....

Mohamad Kabir ...................... Abdelaziz Khellef ...................... John E.St. Luce...................... Juan Vital Sourrouille ................... P J.Keating ...................... Ferdinand Lacina ...................... Sir Lynden 0. Pindling .................. Ibrahim Abdul Karim .................... A. K.Khandker .. L. Erskine Sandiford ..

Abdul Ghafoor Joushan Mokdad Sifi Ludolph Brown Jose Luis Machinea Bob Dun

Belgium ..... Belize ..... Benin ..... Bhutan ..... Bolivia ..

Philippe Maystadt .. Dean Barrow .. Mohamed Souradjou Ibrahim .. Dawa Tsering .. Gonzalo Sanchez de Lozada ..

Jean Godeaux Yvonne S.Hyde Saliou Aboudou Karma Dorjee Javier Nogales Iturri

P.S.Mmusi .. Mailson Ferreira da Nobrega .. Youssouf Ouedraogo .. Tun Tin .. Pierre Binoba ..

Baledzi Gaolathe Elmo de Araujo Camoes Henri Bruno Bessin Nyunt Maung Anselme Habonimana

Botswana ..... Brazil .. Burkina Faso ..... Burma ..... Burundi .....

... .

.

.

Cameroon ..... Elizabeth Tankeu .. Canada ..... Michael H.Wilson .. Cape Verde ..... Arnaldo Carlos de Vasconcelos Franca .. Central African Republic ............... Louis Papeniah ............. Chad ....... .......... Cyriaque Samba-Panza ............

Othmar Haushoter Ethelyn C.Isaacs Isa Abdullah Borshaid M.K.Anwar Winston Cox

Simon Ngann Yonn Margaret Catley-Carlson Antonio Hilario Cruz Robert Amedi . Ahmed Kerim Togoi

Chile ................. Hernan Buchi ............. .......... Wang Bingqian ..... ........ China ........ Colombia ......... ........ Luis F.Alarcon-Mantilla ............ . Comoros ................. Ahmed Abdou . . Dieudonne Diabatantou ............ Congo, People's Republic of the ......... Costa Rica ............. ..... Fernando E.Naranjo ........ ..... C6te d'lvoire ............. .... Abdoulaye Kone ... .......... Cyprus .................. George Syrimis ............. Denmark ................. Ufle Ellemann-Jensen ............. Mohamed Diama Elabe ... .......... Djibouti .................

Jorge Selume Zaror Chi Haibin Francisco J. Ortega Mikidache Abdou'rahim Andre Batanga

Dominica ................. Dominican Republic ................. Ecuador ................. Egypt, Arab Republic of ............... ElSalvador ..................

Mary Eugenia Charles ............. Roberto Saladin ............. Eduardo Cabezas Molina ............. Kamal El-Ganzoury ....... ...... Remo Bardi Cevallos .............

Alick B.Lazare Opinio Alvarez Betancourt Marco Flores T. Erfan A.Shafey Mauricio Choussy Rusconi

Equatorial Guinea ................. Ethiopia ........ ......... Fiji ....... ........... Finland .................. France ......... .........

Felipe Hinestrosa Ikaka ... .......... Wollie Chekol ..... ........ J. N.Kamikamica ....... ...... Erkki Liikanen .............. Jacques de Larosiere .......... ...

Juan Efua Efua Asangono Bekele Tamirat Jone Y.Kubuabola Osmo Sarmavuori Jean-Claude Trichet

Gabon .................. Gambia, The ................. Germany, Federal Republic of ........... Ghana ................. Greece ................. Grenada .......... ........ Guatemala ..................

Pascal Nze............. Sheriff S.Sisay ............. Hans Klein .... ......... Kwesi Botchwey ............. Panagiotis Roumeliotis ............. Herbert Augustus Blaize ............. Rodolfo Paiz Andrade .............

Jean-Fblix Mamalepot M.M.Jagne Hans Tietmeyer Kwesi Bekoe Amissah-Arthur Yannis Papantoniou Lauriston F.Wilson, Jr. Lizardo Arturo Sosa Lopez

Eduardo Lizano Fait Leon Naka Gecrge V.Hadjianastassiou Bjorn Olsen Ahmed Samireh Omar

Appendix 1

Member

Governor

197

Alternate

Guinea ................... Guinea-Bissau ................... Guyana ...................

Edouard Benjamin ..................... Pedro A. Godinho Gomes ................ Carl Greenidge .....................

Kerfalla Yansane Jose Lima Barber W.Haslyn Parris

Haiti ........ ........... Honduras ................... Hungaly ................... Iceland .......... ......... India ...................

Andre Jean-Pierre ...................... J. Efrain Bu Giron ..................... Mikl6s Pulai ..................... Jon Sigurdsson ..................... Narayan Datt Tiwari .....................

Onill Millet Gonzalo Carias Pineda Tibor Melega Jon Baldvin Hannibalsson S.Venkitaramanan

Indonesia .............. ..... Iran, Islamic Republic of ............... Iraq ................... Ireland ................... Israel ......... ..........

J.B. Sumarlin ..................... Mohammad Javad Iravani ...... ......... Hikmat Omar Al Hadithi .................. Ray MacShary ...................... Michael Bruno ......................

Sujitno Siswowidagdo Seyed Ali Akbar Afjei Subhi Frankool Sean P.Cromien Victor Medina

Italy ................... Jamaica ................... Japan ................... Jordan ................... Kampuchea, Democratic ...............

Carlo Azeglio Ciampi .................... Mario Sarcinelli Edward Seaga ..................... Headley Brown Kiichi Miyazawa ..................... Satoshi Sumita Taher H.Kanaan ..................... Mohammad H.Al-Saqqaf (vacant) ..................... (vacant)

Kenya ................... Kirbati .......... ......... Korea, Republic of ................... Kuwait . ................... Lao People's Democratic Republic ........

George Saitoti ..................... Teatao Teannaki ..................... II Sakong ..................... Jassim Mohamed Al-Kharafi ............... Sisavath Sisane .....................

Charles S. Mbindyo Beniamina Tinga Kun Kim Bader Mishari Al-Humaidhi Soulignong Nhouyvanisvong

Lebanon ................... Lesotho . ................... Liberia .......... ......... Libya . ................... Luxembourg ...................

Habib Abou-Sakr ..................... Michael M.Sefali ..................... Elijah E.Taylor ...................... Mohamed ElMadni Al-Bukhari ............. Jacques Santer......................

Raja Himadeh Tom Liphapang Tuoane G.Pewu Subah Bashir Ali Khallat Raymond Kirsch

Madagascar ................... Malawi .......... ......... Malaysia .............. ..... Maldives .............. ..... Mali ........ ...........

Pascal Rakotomavo ..................... L. Chimango ..................... Daim Zainuddin ..................... Fathulla Jameel ..................... Ousmane M.Diallo .....................

Jean Robiarivony Alfred A. Upindi Zain Azraai Ismail Fathy Najim Ould Hamadi

Malta ................... Mauritania ............... .... Mauritius.............. ..... Mexico .......... ......... Morocco .............. .....

George Bonello Dupuis .................. Cheikh Ould Hamed Louly ................ Beergoonath Ghurburrun ................. Gustavo Petricioli ...................... Mohamed Berrada .....................

Edgar Wadge Mohamedou Ould Michel Madhukarlall Baguant Ernesto Marcos Giacoman Mustapha Faris

Mozambique ................... Nepal ......... .......... Netherlands ................... New Zealand ................... Nicaragua ...................

Abdul Magid Osman .................... Bharat Bahadur Pradhan ................. H.0. Ruding ..................... Graham C.Scott ..................... Joaquin Cuadra Chamorro ................

Eneas da Conceicao Comiche Lok Bahadur Shrestha P.Bukman Richard F.Shallcrass Pedro Antonio Bland6n Lanzas

Niger ......... .......... Nigeria . ................... Norway ................... Oman ......... .......... Pakistan ............ .......

Almoustapha Soumaila .................. Chu S.P.Okongwu ..................... Gunnar Berge ..................... Qais Abdul-Munim Al-Zawawi .............. Mian Mohammad Yasin Khan Wattoo ........

Madou Mamadou Alhaji U.K.Bello Arne Arnesen Sherif Lotty Saeed Ahmad Qureshi

Panama ................... Papua New Guinea ..................

Gustavo R.Gonzalez J................... Galeva Kwarara .....................

Hector Alexander Morea Vele (continued)

198

IBRDIIDA Appendices

Governors and Alternates

of the World Bank

Appendix 1

(cotinued)

June 30, 1988 Member

Governor

Alternate

Paraguay ....................... Peru ....................... Philippines .......................

Cesar Romeo Acosta .................. Gustavo Saberbein Chevalier .............. Vicente R.Jayme ..................

Carlos Alberto Knapps Waher Reinafarje Bazan Solita C. Monsod

Poland ....................... Portugal' ....................... Qatar' ....................... Romania, ....................... Rwanda .......................

Wladyslaw Baka ................ .. Miguel Cadilhe ........ Abdul Aziz Khalifa Al-Thani ............... Gheorghe Paraschiv .................. Vincent Ruhamanya ..................

Grzegorz VWojtowicz (vacant) Madhat Abdul Latif Masoud Gheorghe Popescu Emmanuel Ndahimana

St. Kitts and Nevis ................... St. Lucia ....................... St. Vincent and the Grenadines .......... Sao Tomeand Principe................ Saudi Arabia .......................

Kennedy A. Simmonds .................. John G. M.Compton .................. James F Mitchell .................. Teotonio Angelo d'Alva Torres ............. Mohammad Abalkhail .. ......

William V. Herbert Dwight Venner Henry Gaynes Manuel de Nazare Mendes Hamad Saud Al-Sayari

Senegal ....................... Seychellesa ....................... Sierra Leone ....................... Singapore, ....................... Solomon Islands ....................

Djibo Laity Ka .................. D. de St. Jorre .................. Hassan G. Kanu ............ ...... Richard Hu Tsu Tau .................. George Kejoa ........... .......

Youssouf Diop Bertrand Rassool A. M.Doherty Lee Ek Tieng George Lepping

Somalia ....................... South Africa ....................... Spain .................... Sri Lanka ....................... Sudan.......................

Abdirahman Jama Barre ................. G. P.C.de Kock.................. Carlos Solchaga Catalan ................. M. H.M. Naina Marikar .................. Omar Nour ElDaim ..................

Abdulkadir Aden Mohamud J. A. Lombard Madano Rubio Jimenez C. Chanmugam El Sayid Ali Zaki

Suriname ....................... Swaziland ....................... Sweden ....................... Syrian Arab Republic ................. Tanzania .......................

Subhas Ch. Mungra .................. Andreas Fakudze .................. Kiell-Olof Feldt .................. Mohammed Khaled Mahayni .............. Cleopa D. Msuya ..................

AndreE. Lisse Noreen N.Maphalala Lena Hjelm-Wallen Marwan Kodsi Gilman Rutihinda

Thailand ....................... Togo ....................... Tonga ....................... Trinidad and Tobago .................. Tunisia .......................

Suthee Singhasaneh .................. Barry Moussa Barque .................. James Cecil Cocker .................. A. N. R.Robinson .................. Mohamed Ghannouchi ..................

Panas Simasathien Klutse Kwassi Selwyn Percy Jones Selby Wilson Zein Mestiri

Turkey ....................... Uganda ....................... United Arab Emirates ................. United Kingdom ..................... United States .......................

Yavuz Canevi ........... ....... Yoweri Kyesimira .................. Hamdan Bin Rashid Al Maktoum ........... Robin Leigh-Pemberton .................. James A. Baker Ill ..................

Yener Dingmen Sulaiman Kiggundu Ahmed Humaid Al-Tayer Sir Peter Middleton W.Allen Wallis

Uruguay' ....................... Vanuatu ....................... Venezuela' ....................... Viet Nam ....................... Western Samoa .....................

Ricardo Zerbino Cavajani ................. Sela Molisa ......... ......... Modesto Freites Pinate .................. Lu Minh Chau ............. ..... Tuilaepa S. Malielegaoi ..................

Ariel Davrieux Martin Tamata Hector Hurtado Le Hoang Kolone Va'ai

Yemen Arab Republic ................. Yemen, People's Democratic Republic of ... Yugoslavia ....................... Zaire ....................... Zambia .......................

Mohammed Saeed AI-Attar ............... Farag Bin Ghanem .................. Svetozar Rikanovic .................. Kamitatu Massamba .................. Gibson G. Chigaga ..................

Kaid Mohammed Al-Hirwi Abdulla Saeed Abaddan Boris Skapin Kinzonzi Mvutukidi Ngindu Leonard Nkhata

Zimbabwe ................

B.T. G. Chidzero

a. Member of the IBRD only.

...

.................. K. J. Moyana

Appendix 2

Executive Directors and Alternates of the World Bank and Their Voting Power June 30, 1988 Executive director

Alternate

Casting votes of

Appointed Robert B. Keating ..........

(vacant) ................ United States ..................

Mitsukazu Ishikawa ........

Yukio Yoshimura .........

Gerhard Boehmer .........

199

Appendix 2

IBRO Total %of votes total

IDA Total %of votes total

148,957 18.93

1,057,107 18.22

Japan .....................

52,876 6.72

537,655 9.27

Michael von Harpe ........

Federal Republic of Germany ......

40,882 5.20

414,497 7.14

Helene Ploix .............

Olivier Debains ..........

France .....................

39,197 4.98

227,465 3.92

Frank Cassell .............

J. A. L. Faint ............ United Kingdom ................

39,197 4.98

358,528 6.18

Elected Frank Potter ..... (Canada)

Horace Barber ....... (Jamaica)

Antigua and Barbudaa, The Bahamas', Barbados', Belize, Canada, Dominica, Grenada, Guyana, Ireland, Jamaicaa, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines ...................

36,587 4.65

258,570 4.46

Mercedes Rubio ........... Francisco Vannini ........ (Spain) (Nicaragua)

Costa Rica, ElSalvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Spain, Surinamea, Venezuelaa ....................

36,435 4.63

157,587 2.72

Jacques de Groote ......... (Belgium)

Heiner Luschin ....... (Austria)

Austria, Belgium, Hungary, Luxembourg, Turkey .............

32,871 4.18

203,167 3.50

Mourad Benachenhou ...... (Algeria)

Salem Mohamed Omeish ... Afghanistan, Algeria, Ghana, Iran (Libya) (Islamic Republic of), Libya, Morocco, Tunisia, Yemen (People's Democratic Republic of) ..........

29,990 3.81

114,652 1.98

C.R.Krishnaswamy Rao Sahib (India)

M. Mustafizur Rahman ..... ,R;rigir 1

Bangladesh, Bhutan, India, Sri Lanka ...... ..............

29,941 3.80

258,624 4.46

Fawzi Hamad Al-Sultan ...... (Kuwait)

Mohamed W.Hosny ....... (Arab Republic of Egypt)

Bahraina, Egypt (Arab Republic of), Iraq, Jordan, Kuwait, Lebanon, Maldives, Oman, Pakistan, Qatara, Syrian Arab Republic, United Arab Emirates, Yemen Arab Republic .....

29,593 3.76

242,231 4.18

Paul Arlman .... (Netherlands)

Cvitan Dujmovic ........ (Yugoslavia)

Cyprus, Israel, Netherlands, Romaniaa, Yugoslavia ............

28,749 3.65

182,775 3.15

C. Ulrik Haxthausen ........ (Denmark)

Veikko Kantola ....... (Finland)

Denmark, Finland, Iceland, Norway, Sweden......................

26,519 3.37

291,456 5.02

Mitiku Jembere ...... (Ethiopia)

J. S. A. Funna ....... (Sierra Leone)

Botswana, Burundi, Ethiopia, The Gambia, Guinea, Kenya, Lesotho, Liberia, Malawi, Mozambique, Nigeria, Seychellesa, Sierra Leone, Sudan, Swaziland, Tanzania, Trinidad and Tobago, Uganda, Zambia, Zimbabwe ................ ...

25,540 3.25

215,893 3.72 (continued)

200

IBRD/IDA Appendices

Executive Directors and Alternates of the World Bank and Their Voting Power

Appendix 2

(continued)

June 30, 1988

Executive director

Alternate

Casting votes of

IBRD Total o/% of votes total

IDA Total %of votes total

25,454 3.23

166,150 2.86

Mario Draghi ............. (Italy)

Rodrigo M. Guimaraes ..... (Portugal)

Greece, Italy, Maltaa, Portugal' ....

Xu Naijiong .............. (China)

Zhang Junyi ............ (China)

China .25,392

3.23

117,316 2.02

Jobarah E. Suraisry ........ (Saudi Arabia)

Abdulaziz Al-Sehail ........ (Saudi Arabia)

Saudi Arabia .25,390

3.23

155,193 2.68

Murray A. Sherwin ......... (New Zealand)

Robert G. Carling ......... Australia, Kiribati, Korea (Republic Ai:ritr of), New Zealand, Papua New 1 Guinea, Solomon Islands, Vanuatu, Western Samoa ..... ...........

24,861 3.16

151,765 2.62

Pedro Sampaio Malan ...... (Brazil)

Carlos Sanclemente ....... (Colombia)

Brazil, Colombia, Dominican Republic, Ecuador, Haiti, Philippines .

23,912 3.04

179,402 3.09

Mohd. Ramli Wajib ......... (Malaysia)

Kikham Vongsay ........ (Lao People's Democratic Republic)

Burma, Fiji, Indonesia, Lao People's Democratic Republic, Malaysia, Nepal, Singaporea, Thailand, Tonga, Viet Nam ...... ..............

22,544 2.86

187,667 3.23

Felix Alberto Camarasa ..... (Argentina)

Claudio A. Pardo ........ (Chile)

Argentina, Bolivia, Chile, Paraguay, Peru, Uruguaya ..... ...........

21,035 2.67

129,051 2.22

Andre Milongo ...... (People's Republic of the Congo)

Jean-Pierre Le Bouder ..... (Central African Republic)

Benin, Burkina Faso, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo, (People's Republic of the), Cote d'lvoire, Djibouti, Equatorial Guinea, Gabon, Guinea-Bissau, Madagascar, Mali, Mauritania, Mauritius, Niger, Rwanda, Sao Tom6 and Principe, Senegal, Somalia, Togo, Zaire .............

21,013 2.67

194,568 3.35

In addition to the executive directors and alternates shown in the foregoing list, the following also served after June 30, 1987 Executive director End of period of service Alternate director End of period of service Tim Lankester ....... (United Kingdom) Kenji Yamaguchi ....... (Japan)

January 24, 1988 August 9,1987

Mohammad A. Al-Shawi ............. (Saudi Arabia) Hugh Foster ..... (United States) Zenbei Mizoguchi .June (Japan)

NOTE: Democratic

July 31, 1987 October 6, 1987 17, 1988

Kampuchea (464 votes in IBRD and7,826 votes inIDA), Poland (499 votes in IBRD and 6,670 votes in IDA), and South Africa (7,805 votes in IBRD and 19,760 votes inIDA)did not participate inthe 1986 regular election of executive directors. a. Member of the IBRD only.

Appendix 3

Officers and Department Directors of the World Bank

201

Appendix 3

June 30, 1988

President.......................................... Senior Vice President, Policy, Planning, and Research ..................................... Senior Vice President, Operations .................. ....................... Senior Vice President, Finance . ......................................... Senior Vice President, External Affairs and Administration ..... ............................ Finance Vice President and Controller .............. .................... . ..... Vice President and Treasurer ......................................... Vice President, Financial Policy and Risk Management ......................... .......... Operations Vice President, Latin America and the Caribbean Regional Office ............ ................ Vice President, Cofinancing ......................................... Vice President, Africa Regional Office ......................................... Vice President, Asia Regional Office ......................................... Vice President, Europe, Middle East, and North Africa Regional Office ......... ................ Vice President. Financial Intermediation Services ............................... .........

Barber B.Conable* W David HopperMoeen A.Oureshi** Ernest Stern* Willi A.Wapenhans** Sune B. Carlsson Donald Roth D.Joseph Wood S.Shahid Husain Kunihiko Inakage Edward V.K.Jaycox Attila Karaosmanoglu Wilfried P.Thalwitz Vacant

Policy, Planning, and Research Vice President, Development Economics and Chief Economist ............... ................ Stanley Fischer Vice President, Sector Policy and Research .......................................... Visvanathan Rajagopalan Operations Evaluation Director-General, Operations Evaluation . Legal Vice President and General Counsel .

......................................... Yves Rovani .......................................... Ibrahim F.I. Shihata**

Secretary's Vice President and Secretary.........................................

Timothy I Thahane**

External Affairs and Administration Vice President, Personnel ..........................................

William J. Cosgrove

Finance Director, Cashier's Department ............... .......................... Deputy Treasurer and Director, Treasury Operations ....................................... Director, Financial Operations Department .......................................... Director, Investment Department .................. ........................ Director, Tokyo Office ......................................... Director, Loan and Trust Fund Department .......................................... Director, Resource Mobilization Department ......................................... Director, Risk Management and Financial Policy Department ................ ................

Hywel M.Davies Stephen D.Eccles Jessica P.Einhorn Bernard J. Holland Akira lida James H.Jennings Basil G.Kavalsky D.C.Rao

Operations Director, Debt Management and Financial Advisory Services ............... ................. Director, Economic Advisory Staff .................. ....................... Director, Central Operations Department ......................................... Director, Operations Staff ........... ..............................

David R.Bock Vinod Dubey Ducksoo Lee Heinz Vergin

Africa Regional Office Director, Country Department ............ ............................. Director, Country Department .............. ........................... Director, Country Department ........... .............................. Director, Country Department . ......................................... Director, Country Department .............. ............... . Director, Country Department .............. ........................... Director, Technical Department . .........................................

Michael J. Gillette Paul Isenman Caio K.Koch-Weser Callisto E.Madavo Sven Sandstrom M. Ismail Serageldin Hans Wyss

..........

(continued)

202

IBRD/IDA Appendices

Officers and Department Directors

of the World Bank

Appendix 3

(continued)

June 30, 1988 Asia Regional Office Director, Country Department ................................ Director, Country Department ................................ Director, Country Department ................................ Director, Country Department ................................. Director, Country Department ................................ Director, Technical Department ................................

Bilsel Alisbah Shinji Asanuma Shahid Javed Burki Russell J. Cheetham Gautam S. Kaji Amnon Golan

Europe, Middle East, and North Africa Regional Office Director, Country Department ................................ Director, Country Department ................................ Director, Country Department ................................ Director, Country Department ................................ Director, Technical Department ................................

Kemal Dervis Hans-Eberhard Kdpp Eugenio F.Lari Everardus J. Stoutjesdijk Abderraouf Bouhaouala

Latin Americaand the Caribbean Regional Office Director, Country Department .................................. Director, Country Department ................................ Director, Country Department. ................................ Director, Country Department ................................ Director, Technical Department ................................

Pieter P.Bottelier Armeane M.Choksi Ping-Cheung Loh Rainer B.Steckhan Everardo C.Wessels

Policy, Planning, and Research Director, International Economics Department ................................ Director, Industry and Energy Department ........... ..................... Executive Secretary, Consultative Group on International Agricultural Research ....... ............ Director, Population and Human Resources Department ................ ................... Director, Country Economics Department ............................................. Director, Planning and Budgeting Department ........................................... Director, Environment Department ............................................ Director, Infrastructure and Urban Development Department ............. ................... Director, Strategic Planning and Review Department . ..................................... Director, Agriculture and Rural Development ............................................ Director, Economic Development Institute............................................

Jean Baneth Anthony A. Churchill Curtis Farrar Ann 0. Hamilton John A. Holsen Robert Picciotto Kenneth Piddington Louis Y.Pouliquen Alexander Shakow Vijay Vyasa Christopher R.Willoughby

Operations Evaluation Director, Operations Evaluation Department ............................................ Ram Kumar Chopra Legal Associate General Counsel .........................................

Hugh N.Scott

External Affairs and Administration Director, External Attairs Department ...................... ................... Director, Health Services Department ......................................... Director, Publications ......................................... Director, Policy, Planning, and Information Department .................................... Director, Information, Technology, and Facilities Department ............... ................. Auditor General, Internal Auditing Department ......................................... Director, European Office ... ...................................... Director, General Services Department ......................................... ........................ Director of Intormation; and Chief, Media and Communications Division

Francisco J. Aguirre-Sacasa Eugene Joseph Chap, M.D.a James K.Feather Ian M.Hume Harinder S. Kohli Alan Douglas Legg Vacant Richard B. Lynn Frank R.Vogl

Chairman, President's Council. Member, President's Council. a.Acting.

Appendix 4

Offices of the World Bank

203

Appendix 4

June 30, 1988 Headquarters: 1818 HStreet, N.W., Washington, D.C. 20433, U.S.A. New York Office G.David Loos Special Representative to the United Nations European Office

Vacant

Geneva Office

volfgang E.Siebeck World Bank Representative to United Nations Organizations-Geneva

Tokyo Office

Akira lida Director

Regional Mission in Eastern Africa

Peter Eigen Director

Regional Mission in Western Africa

Elkyn Chaparro Chief

Regional Mission inThailand

Philippe Annez Chief

Bangladesh

Francis S.B.L. van Gigch Chief

Benin

Shigeo Katsu Resident Representative

Bolivia

Fernando Mendoza Resident Representative

Brazil

George Papadopoulos Resident Representative

The VWorld Bank Mission to the United NationslNew York Office 747 Third Avenue (26th floor) New York, N.Y. 10017, U.S.A. The World Bank 66, avenue d'lena 75116 Paris, France The Vorld Bank ITC Building 54, rue de Montbrillant Geneva, Switzerland (mailing address: P.O. Box 104 1211 Geneva 20 CIC, Switzerland) The World Bank Kokusai Building (Room 916) 1-1 Marunouchi 3-chome Chiyoda-ku, Tokyo 100, Japan The World Bank Reinsurance Plaza (5th and 6th floors) Taita Road Nairobi, Kenya (mailing address: P.O. Box 30577) The WMrld Bank Corner of Booker Washington &Jacques AKA Streets Cocody Abidjan 01,Cote d'lvoire (mailing address: B.P. 1850) The Wrld Bank Udom Vidhya Building (5th floor) 956 Rama IVRoad, Sala Daeng Bangkok 10500, Thailand Resident Mission The World Bank 3A Paribagh Dhaka 1000, Bangladesh (mailing address: G.P.O. Box 97) The World Bank Zone R@sidentielle de la Radio Cotonou, Benin (mailing address: B.R 03.2112) Banco Mundial Edificio BISA (40 Piso) 16 de Julio 1628 La Paz, Bolivia (mailing address: Casilla 8692) Banco Mundial Setor Comercial Sul Quadra 2, Numero 78 Edificio OK, 4 Andar Brasilia, OF 70.300, Brazil (continued)

204

IBRD/IDA Appendices

Offices of the.World Bank

(continued)

Appendix 4

June 30, 1988 Brazil

George Papadopoulos Resident Representative

Banco Mundial clo Furnas Centrais Eletricas S.A. Rua Real Grandeza, 219 Bloco C,Nono Andar Rio de Janeiro, RJ 24000 Brazil

Brazil

Edward B. Rice Resident Representative

Banco Mundial, Sl127 Edificio SUNENE Cidade Universitada 50,000 Recife, PE. Brazil

Burkina Faso

Claude R.Delapierre Resident Representative

The World Bank Immeuble BICIA (3eme etage) Ouagadougou, Burkina Faso (mailing address: B.P. 622)

Burundi

Maurice Gervais Resident Representative

The World Bank 45, avenue de la Poste Bujumbura, Burundi (mailing address: B.R 2637)

Cameroon

Raymond Rabeharisoa Resident Representative

The World Bank Immeuble Kennedy Avenue Kennedy Yaounde, Cameroon (mailing address: B.P. 1128)

Central African Republic

Jean-Paul Dailly Resident Representative

The World Bank Rue des Missions Bangui, C.A.R. (mailing address: B.P.819)

China

Edwin R.Lim Chief

The World Bank Xiyuan Hotel Compound Building No. 3 (3rd floor) Erligou Xi Jiao Beijing, China (mailing address: P.O.Box 9509)

Colombia

Laurens Hoppenbrouwer Resident Representative

Banco Mundial Edificio "Aseguradora del Valle" Carrera 10,No. 2455 (Piso 17) Bogota D.E., Colombia (mailing address: Apartado Aereo 10229)

Congo, People's Republic of the

Mamadou Dia Resident Representative

The World Bank Avenue Amilcar Cabral Immeuble ARC (5eme etage Brazzaville, Congo (mailing address: B.R 14536)

Ethiopia

Michael H. Payson Resident Representative

The World Bank I.B.T.E. New Telecommunications Building (lst floor) Churchill Road Addis Ababa, Ethiopia (mailing address: RO. Box 5515)

Ghana

Seung Hong Choi Resident Representative

The World Bank 69 Eighth Avenue Extension Northridge Residential Area Accra, Ghana (mailing address: PO. Box M27)

Appendix 4

205

Guinea

Abderraouf Benbrahim Resident Representative

Banque mondiale Cite des Nations, Villa 39 Conakry, Guinea (mailing address: B.R 1420)

India

Jochen Kraske Chief

Resident Mission The World Bank 55 Lodi Estate New Delhi 3, India (mailing address: P.O.Box 416)

Indonesia

Attila Sonmez Director

The World Bank Jalan Rasuna Said, Kav. Bi10 (Suite 301) Kuningan, Jakarta 12940, Indonesia (mailing address: P.O.Box 324/JKT)

Madagascar

Jose A. Brontman Resident Representative

Banque mondiale 1, rue Patrice Lumumba Antananarivo 101,Madagascar (mailing address: Banque mondiale B.P. 4140)

Malawi

Peter Hall Resident Representative

The World Bank Red Cross House Capital City Lilongwe 3, Malawi (mailing address: RO. Box 30557)

Mali

Michael J. Furst Resident Representative

The World Bank Immeuble CNAR Rue Square Lumumba Bamako, Mali (mailing address: B.P.1864)

Mauritania

Etienne Baranshamaje Resident Representative

The vWorld Bank Villa No. 30, ILOT A Quartier Socofim Nouakchott, Mauritania (mailing address: B.R 667)

Mexico

Marko Voljc Resident Representative

Banco Mundial Nacional Financiera, S.N.C. Isabel La Catolica No. 51 Primer Piso Colonia Centro 06006 Mexico City, D.F. Mexico

Nepal

Richard N.Woodford Resident Representative

The World Bank Jyoti Bhawan, Kantipath Kathmandu, Nepal (mailing address RO. Box 798)

Niger

Helmut Sanger Resident Representative

The World Bank Immeuble BDRN Niamey, Niger (mailing address: Banque mondiale B.P 12402)

Nigeria

Tariq Husain Resident Representative

The World Bank Plot 1309A Karimu Kotun Street Victoria Island Lagos, Nigeria (mailing address: PO. Box 127) (continued)

206

IBRD/IDA Appendices

Offices of the World Bank

(continued)

Appendix 4

June 30, 1988

Luis de Azcarate

The World Bank

Chief

PO. Box 1025 Islamabad, Pakistan

Peru

Vacant

Banco Mundial Avenida Central 643 (10 Piso) Lima, Peru (mailing address: Apartado 4480)

Philippines

Rolando R.Arrivillaga Resident Representative

The World Bank Central Bank of the Philippines Multi-storey Building, Room 200 Roxas Boulevard Manila, Philippines

Rwanda

Melvin J. Loewen Resident Representative

The World Bank Blvd. de la Revolution BRD Building Kigali, Rwanda (mailing address: B.P. 609)

Saudi Arabia

Roger E. Rowe Director

Resident Mission The World Bank Riyadh, Saudi Arabia (mailing address: P.O.Box 5900)

Senegal

Franz H. Kaps Resident Representative

The Morld Bank Immeuble S.D.I.H. 3 Place de l'lndependance Dakar, Senegal

Somalia

Brian H. Falconer Resident Representative

The World Bank Savoy Centre (2nd floor) Mogadishu, Somalia (mailing address: P.O.Box 1825)

Sri Lanka

George West Resident Representative

The World Bank Development Finance Corporation of Ceylon (DFCC) Building, 1st Floor 73/5 Galle Road Colombo 3, Sri Lanka (mailing address: P.O.Box 1761)

Sudan

Jasdip Singh Resident Representative

The World Bank Sudan Kuwaiti Centre Tower No. 1 (7th floor) Nile Avenue Khartoum, Sudan (mailing address: RD. Box 2211)

Tanzania

Ian C.Porter Resident Representative

The World Bank N.I.C. Building (7th floor, B) Dar es Salaam, Tanzania (mailing address: RD. Box 2054)

Togo

Emmanuel Mbi Resident Representative

The World Bank 169, rue du 13 janvier Immeuble BTCI (8eme etage) Lome, Togo (mailing address: B.R 3915)

Pakistan

Appendix 4

Turkey

James ChaHfey Resident Representative

The World Bank Ataturk Bulvari 211 Gama-Guris Building Kat 6 06683 Kavaklidere, Ankara, Turkey

Uganda

Grant Slade Resident Representative

The World Bank RO. Box 4463 Kampala, Uganda

Zaire

Jerome Chevallier Resident Representative

The Morld Bank Building UZB Avenue des Aviateurs Kinshasa 1, Republic of Zaire (mailing address: P.O.Box 14816)

Zambia

Uche G. Mbanefo Resident Representative

The World Bank CMAZ Building Ben Bella Road Lusaka, Zambia (mailing address: P.O.Box 35410)

Zimbabwe

Mahmud A. Burney Resident Representative

The World Bank CABS Centre (12th floor) Stanley Avenue Harare, Zimbabwe (mailing address: PO. Box 2960)

207

Ui The World Bank Headquarters 1818 H Street, NW. Washington, D.C, 20433, UL Telephone: (202) 477-1234 Telex: RCA 248423 WORL[E,E WUI 64145 WORLDB'N JF Cable address: INTBAFRAE, WASHINGT, ,i ILl European Office 66, avenue d'lena 75116 Paris, France Telephone: (1) 47.23.54 21 Telex: 842-620628 Tokyo Office Kokusai Building 1-1, Marunouchi 3-chome Chiyoda-ku, Tokyo 100, Ja[y ir Telephone: (03) 214-5001 Telex: 781-26838

ISSN 0252-2942 IB 1053