OFFICIAL                      0 5 -56
DOCUMENTS L
STATUTORY COMMITTEE REPORT
TO: The President, International Bank for Reconstruction and Development
Recommendation of the expert selected by the Arab Republic of Egypt as a member of the
Committee under Section 4 (iii) of Article III of the Articles of Agreement on the proposed Loan
for the Strengthening Social Safety Net Project to the Arab Republic of Egypt.
The undersigned member of the Committee constituted under Section 7 of Article V of the Articles
of Agreement of International Bank for Reconstruction and Development (the Bank) hereby submits this
recommendation as part of the report pursuant to Section 4 (iii) of Article III of said Articles in respect of
the proposal that the Bank grants to the Arab Republic of Egypt a loan in an amount of US$400,000,000.
The purpose of said loan is to support the Borrower to establish an efficient and effective Takaful and
Karama Cash Transfer Program.
1.     The undersigned member of the Committee has carefully studied the merits of the proposal to grant
such a loan, and of the purpose to which the proceeds of the loan are to be applied.
2.     The undersigned member of the Committee is of the opinion that the project toward the financing
of which the proceeds of such loan are to be applied comes within the purposes of the Bank as set forth in
Article I of said Articles of Agreement, and that said project is designed to promote the development of the
productive facilities and resources of the Arab Republic of Egypt and is in the interest of the Arab Republic
of Egypt and of the members of the Bank as a whole.
3.     Accordingly, the undersigned member of the Committee finds that said project merits financial
assistance from the Bank, and hereby recommends said project for such assistance.
Bpert-Seleetedby Governor for
Arab Republic of Egypt
Dated at Washington, D.C.
(hiokck 10Aot