524-L-027 EDUCATION SECTOR LOAN - ANNUAL REVIEW

EMERGENCY PROGRAM LOAN 524-L-028 PROVIDED FUNDS FOR COUNTERPARTS AND 244 TEMPORARY CLASSROOMS. 834 PREFAB CLASSROOMS WERE PROVIDED UNDER EDUCATION SECTOR LOAN, WITH 274 NOW BEING ERECTED. TEXTBOOKS AND TEACHING GUIDES WERE ALSO PRINTED. EXPERIMENTAL SECONDARY SCHOOL WAS COMPLETELY FINANCED BY GOVERNMENT OF MEXICO"S EARTHQUAKE RELIEF PROGRAM. 1973 SCHOOL CONSTRUCTION GOALS WERE ACHIEVED AND PROJECT IMPLEMENTATION UNIT ESTABLISHED. HOWEVER, GREAT INCREASES IN CONSTRUCTION COSTS REQUIRE MAJOR REVISION OF 1974 PROJECT BUDGET. LOAN FUNDS WERE REPROGRAMMED FROM OTHER PROJECT ACTIVITIES AND MUCH WORK IN THOSE AREAS HAD TO BE POSTPONED.