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Implementation Completion Report (ICR) Review - Minas Gerais state privatization project


  
1. Project Data:   
ES Date Posted:
05/01/2000   
PROJ ID:
P040033
Appraisal
Actual
Project Name:
Minas Gerais state privatization project
Project Costs(US $M)
 1360  0
Country:
Brazil
Loan/Credit (US $M)
 170  0
Sector, Major Sect.:
Private Infrastructure,
Private Sector Development
Cofinancing (US $M)
 0  0
L/C Number:
L4318      
   
Board Approval (FY)
  98
Partners involved
 
Closing Date
         
Prepared by: Reviewed by: Group Manager: Group:  
Jorge Garcia-Garcia
John Johnson Ruben Lamdany OEDCR

2. Project Objectives and Components:

a. Objectives
To support the state’s privatization and concession program, making the state government less vulnerable to losses on banking operations and more efficient in the delivery of gas and highways maintenance services.

b. Components

c. Comments on Project Cost, Financing and Dates


3. Achievement of Relevant Objectives:

None, because project was never signed

4. Significant Outcomes/Impacts:

None

5. Significant Shortcomings (include non-compliance with safeguard features):

Project was never signed
6. Ratings:ICROED ReviewReason for Disagreement/Comments
Outcome:
Not RatedNot Rated
Institutional Dev.:
Not RatedNot Rated
Sustainability:
Not RatedNot Rated
Bank Performance:
Not RatedNot Rated
Borrower Perf.:
Not RatedNot Rated
Quality of ICR:
Not Rated

7. Lessons of Broad Applicablity:

Never lend to an agent to carry out reforms that the agent does not want to do

8. Audit Recommended?  No

          Why?  

9. Comments on Quality of ICR:

No ICR. Region produced a one page project completion note (PCN)

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