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           NM/VR

                                 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT

                                         INTERNATIONAL DEVELOPMENT ASSOCIATION




                                                           Tuesday, June 25, 1991

                                                           Washington, D.C.




                                       The meeting of the Executive Directors was convened

                             at 10:04 a.m. in the Board Room, 1818 H Street, N.W.,

                             Washington, D.C., Mr. Barber B. Conable, Chairman, presiding.




MILLER REPORTING CO., INC.
507 C Street, N.E.
Washington, D.C. 20002
( 202) 546-6666
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                                                C O N T E N T S

                             ITEM                                        PAGE




                              7     Proposed Loan - Argentina (Public
                                    Sector Reform Technical Assistance
                                    Loan [PSRTAL]) - SPECIAL PROCEDURE   143




MILLER REPORTING CO., INC.
507 C Street, N .E.
Washington, D.C. 20002
     STRICTLY CONFIDENTIAL
vr                                                                                       143




                                          Items 7 and 8 involve special procedure.   Unless

                             there are questions, we will record your approval and pass on

                             to the next item.     Item 7 is a memorandum and recommendation

                             on a proposed Public Sector Reform Technical Assistance Loan

                             in the amount of US$23 million equivalent to the Republic of

                             Argentina.


-
MILLER REPORTING CO., INC.
507 C Sm~cc, N.E.
Washington, D.C. 20002
(202) 546-6666
      STRICTLY CONFIDENTIAL
vr                                                                                         144



                                          Are there any questions on these loans?

                                          [No response.]
·-
I
                                          MR. CONABLE:     If you have any, please let us have

                             them.   Otherwise, seeing none, I'll conclude that the minutes

                             should show the loan and credit are approved on the terms

                             proposed .




.   -




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MILLER REPORTING CO., INC.
507 C Street. N .E.
Washington, D.C. 20002
(202) 546-6666