69191

 

  FROM:        Vice President and Corporate Secretary

 

 
                       Minutes of Meeting of the Executive Directors of the Bank and IDA,
                        held in the Board Room on Tuesday, May 15, 2012, at 2:34 p.m.

 

  1.        There were present:
                                                                CHAIR:
 
                                                 C.D. Anstey, Managing Director
 
    EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:
 
  I.   Alturki (Alternate)                 H. Manao
  G. Balcytyte (Temporary Alternate)       S.    Mirjalili (Temporary Alternate)
  B.   Bogicevic (Temporary Alternate)     V. Misyukovets (Temporary Alternate)
  S.   Bor (Temporary Alternate)           R.    Mokate
  J.J. Bravo (Alternate)                   M.-L. Morin
  A. Carmignani (Temporary Alternate)      M.N. Prasad
  G. Ferrari (Temporary Alternate)         M. Recente (Temporary Alternate)
  J.   Frieden                             K.-W.Schmitter (Temporary Alternate)
  V. Grishin                               I.    Solomon
  D. Kalyalya (Alternate)                  Y. Takamura (Alternate)
  M.S. Kayad (Alternate)                   A. Touret-Blondy (Alternate)
  W. Liu (Temporary Alternate)             J.    Whitehead
  S.   Lutfi (Temporary Alternate)
 
  ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:
 
  D. Bohan                                 E. Miagkov
 
  OFFICERS AND STAFF PARTICIPATING:
                                
  E.   Marmolo, Acting Corporate Secretary E. Blanco Armas, EASPR
  A.-M.Leroy, Senior Vice President and    S. Chaudhuri, EASPR
       Group General Counsel, LEGVP        S. Panth, IMF
  P.   Cox, Vice President, EAPVP          T. Duson, Corporate Secretariat
  S.   Koeberle, Director, EACIF




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contents may not otherwise be disclosed without World Bank Group authorization. 
 
                                                                   -2-


  Indonesia - Development Policy Lending (Loan) - Program for Economic Resilience, Investment
  and Social Assistance in Indonesia Development Policy Loan With Deferred Drawdown Option
 
  2.      The Executive Directors considered the President's Memorandum and Recommendation
  (R2012-0088,  dated April 23, 2012) and approved the Program for Economic Resilience, Investment and
  Social Assistance in Indonesia Development Policy Loan with Deferred Drawdown Option to Indonesia
  in the amount of US$2 billion on the payment terms and other terms and conditions set out in the
  President’s Memorandum.
 
  Ghana - Development Policy Lending (Credit) - Fourth Agriculture Development Policy Operation
 
  3.      The Executive Directors approved the Fourth Agriculture Development Policy Lending Credit to
  Ghana  in the amount of SDR 32.3 million (US$50 million equivalent) on the payment terms and other
  terms and conditions set out in the President’s Memorandum (IDA/R2012-0111, dated April 23, 2012).
 
  Zambia - Credit - Kafue Town–Muzuma–Victoria Falls Regional Transmission Line
  Reinforcement Project

  4.      The Executive Directors approved the credit to Zambia for a Kafue Town –Muzuma–Victoria
  Falls Regional Transmission Line Reinforcement Project in the amount of SDR 37.1 million (US$60
  million equivalent) on the payment terms and other terms and conditions set out in the President’s
  Memorandum (IDA/R2012-0116, dated April 25, 2012).
 
  China - Loan - Yunnan Technical and Vocational Education and Training Project
 
  5.     The Executive Directors approved the loan to China for a Yunnan Technical and Vocational
  Education and Training Project in the amount of US$50 million on the payment terms and other terms
  and conditions set out in the President’s Memorandum (R2012-0094, dated April 25, 2012).
 
  Philippines - Loan to the Land Bank of the Philippines, With the Guarantee of the Philippines -
  Metro Manila Wastewater Management Project

  6.      The Executive Directors approved the loan to the Land Bank of the Philippines, with the
  guarantee of the Philippines, for a Metro Manila Wastewater Management Project in the amount of
  US$275 million on the payment terms and other terms and conditions set out in the President’s
  Memorandum (R2012-0087, dated April 25, 2012).
 
  Gaza and West Bank Trust Fund Grant to the Palestine Liberation Organization (for the benefit of
  the Palestinian Authority) - Education to Work Transition Project
                                 
    7.      The Executive Directors approved the grant from the Trust Fund for Gaza and West Bank to the
    Palestine Liberation Organization (for the benefit of the Palestinian Authority) for an Education to Work
    Transition Project in the amount of US$6.5 million on the terms and conditions set out in the President’s
    Memorandum (IDA/R2012-0118, dated April 25, 2012).

    Minutes of Previous Meetings

    8.      The Executive Directors recorded their approval on May 8, 2012 of the Minutes of meetings held
    on April 12, 2012 (M2012-0032[IDA/M2012-0032]) and April 16, 2012 (XM2012-0002/1).



This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its
contents may not otherwise be disclosed without World Bank Group authorization. 
 
                                                                   -3-


  Date of Next Meeting

  9.     It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Thursday,
  May 17, 2012.
 
  Adjournment
 
  10.    The meeting adjourned at 3:07 p.m.
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                                          




This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its
contents may not otherwise be disclosed without World Bank Group authorization.