OFFICIAL USE ONLY M2005-0052 IDA/M2005-0052 September 1, 2005 For meeting of Board: Thursday, September 15, 2005 FROM: Vice President and Corporate Secretary Minutes of Meeting of the Executive Directors of the Bank and IDA, held in the Board Room on Thursday, July 28, 2005, at 3:13 p.m. 1. There were present: CHAIRMAN: Paul Wolfowitz, President EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS: M. Aljazzaf A. Khan (Alternate) Y. Alyahya A. Locoh-Donou (Temporary Alternate) G. Alzetta L. Marti J. Austin A. Melkert O. Canuto E. Miagkov (Alternate) E. Deutscher Y. Okubo P. Duquesne J. Quijandria Z. Fei (Temporary Alternate) F. Rossi (Temporary Alternate) Herwidayatmo B. Ryan (Temporary Alternate) R. Holland (Alternate) C. Sergeant (Alternate) T. Ingolfsson S. Shah (Alternate) M. Ketsela (Alternate) P. Veglio ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS: N. Arshad T. Oya A. Guadagni J. Paul T. O'Brien A. Requin - 2 - M2005-0052 IDA/M2005-0052 OFFICERS AND STAFF PARTICIPATING: W.P. Ofosu-Amaah, Vice President J. Wilton, Vice President, SFRVP and Corporate Secretary A. Lynde, IMF R. Danino, Senior Vice President P. Davies, Corporate Secretariat and General Counsel D. Mattheisen, Corporate Secretariat F. Choudhury, Vice President & Controller, CTRVP Postponement of Audited IBRD/IDA Financial Statements for FY05 2. The Executive Directors briefly discussed postponement of the IBRD/IDA Financial Statements for FY05 (the financial statements were subsequently discussed at the meeting of the Executive Directors held on August 4, 2005). Minutes of Previous Meetings 3. The Executive Directors approved the minutes of the meetings held on June 7 (M2005-0036[IDA/M2005-0036]), June 30 (M2005-0043[IDA/M2005-0043]), and July 5, 2005 (M2005-0044[IDA/M2005-0044]). 2005 Annual Meetings ­ Change of Date 4. The Executive Directors considered the Memorandum from the Secretaries of the Bank and the Fund entitled "2005 Annual Meetings ­ Change of Date" (R2005-0181; /1, dated July 22, 2005) and approved the recommendation in paragraph 2, namely, that a two-day format for the 2005 Annual Meetings be adopted as set out in the Memorandum. Loan to Brazil ­ Human Development Technical Assistance Project 5. The Executive Directors approved the loan to the Federative Republic of Brazil for the Human Development Technical Assistance Project in the amount of US$8 million on the payment terms and other terms and conditions set out in the President's Memorandum (R2005-0171, dated July 11, 2005). GEF Trust Fund Grant to Ethiopia ­ Energy Access Project 6. The Executive Directors approved the grant from the Global Environment Facility Trust Fund to the Federal Democratic Republic of Ethiopia for the Energy Access Project in the amount of US$4.93 million on the terms and conditions set out in the President's Memorandum (GEF/R2005-0021, dated July 11, 2005). 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 - M2005-0052 IDA/M2005-0052 IDA Grant to Guyana ­ Water Sector Consolidation Project 7. The Executive Directors approved the IDA grant to the Republic of Guyana for the Water Sector Consolidation Project in the amount of SDR 7.5 million (US$11.3 million equivalent) on the terms and conditions set out in the President's Memorandum (IDA/R2005-0164, dated July 11, 2005). IDA Grant to Haiti ­ Community Driven Development Project 8. The Executive Directors approved the IDA grant to the Republic of Haiti for the Community Driven Development Project in the amount of SDR 25.6 million (US$38 million equivalent) on the terms and conditions set out in the President's Memorandum (IDA/R2005-0166, dated July 11, 2005). Credit to Vietnam ­ Second Transmission and Distribution Project 9. The Executive Directors approved the credit to the Socialist Republic of Vietnam for the Second Transmission and Distribution Project in the amount of SDR 136.7 million (US$200 million equivalent) on the payment terms and other terms and conditions set out in the President's Memorandum (IDA/R2005-0173, dated July 11, 2005). Remuneration of the President (Adoption of Resolution and Tally of Voting) 10. The Executive Directors recorded their approval on July 19, 2005 of the report entitled "Remuneration of the President (Adoption of Resolution and Tally of Voting)" (R2005-0169, dated July 7, 2005). Bolivia ­ Institutional Reform Project ­ Amendment 11. The Executive Directors recorded their approval on July 20, 2005 of the recommendation in paragraph 2 in the Memorandum of the President entitled "Bolivia ­ Institutional Reform Project ­ Credit No. 3245-BO ­ Proposed Amendment of the Credit Agreement" (IDA/R2005-0167, dated July 8, 2005). Farewell to Mr. Austin 12. The Chairman made the customary presentation to Mr. Austin on the expiration of his term of service, and the Executive Directors recorded their appreciation of his service and tendered his good wishes for the future. Farewell to Mr. Khan 13. The Chairman made the customary presentation to Mr. Khan on the expiration of his term of service, and the Executive Directors recorded their appreciation of his service and tendered him good wishes for the future. 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. - 4 - M2005-0052 IDA/M2005-0052 Date of Next Meeting 14. It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Tuesday, August 2, 2005. Adjournment 15. The meeting recessed at 2:56 p.m., reconvened at 4:33 p.m., and adjourned at 5:36 p.m. Distribution: Executive Directors and Alternates President Bank Group Senior Management Vice Presidents, Bank, IFC and MIGA Directors and Department Heads, Bank, IFC and MIGA Secretary, IMF 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.