BP 10.00, Annex F - Sample Notice of Invitation to Negotiate

 

From: Vice President and Secretary

 

 

NOTICE OF INVITATION

TO NEGOTIATE

[COUNTRY] URBAN LAND DEVELOPMENT

 

The [Bank/Association] is inviting [Country] and the [ Country] Land Development Corporation to send representatives to Washington, D.C., to negotiate a proposed [loan/credit] of US$150 million equivalent to help finance an Urban Land Development Project.

The [loan/credit] would help finance the foreign exchange cost of the land development program of the Land Development Corporation over the four-year period 1987-90.  It would also support the Corporation's implementation of the Policy Statement and Institutional Development Program that would establish land-development objectives for low-income housing, introduce land-pricing policies based upon rational criteria of cost allocation, improve the financial management of the Corporation, and introduce improved economic criteria for the physical planning of land development.

[When an exception to the Bank's policy on retroactive financing is being considered, it is highlighted here (see GP 12.10, Retroactive Financing, which presents sample formats in Annex A).]