74620       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, November 20, 2012, at 11:06 a.m.       1. There were present: CHAIR:   C.D. Anstey, Managing Director   EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:   A. Ahmed (Temporary Alternate) D. Kalyalya   M. Al-Sheikh W. Liu (Temporary Alternate) G. Alzetta B. Lvin (Temporary Alternate)   S. Annamalai A. Mendes Dias O. Bougara M.-L. Morin   A. Brandt R. Raineri (Alternate) J.J. Bravo W. Rissmann (Alternate)   A. Carmignani (Temporary Alternate) I. Solomon I.-K. Cho (Alternate) Y. Takamura (Alternate)   A. Fayolle R. Tan J. Frieden M. Tareque (Alternate)   M. Hasan R. Treffers G. Hines   ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:     A. Alkaffas J.-P. Julia I. Alturki M.S.Kayad G. Balcytyte P. Larose D. Bohan W. Szczuka J. Harris J. Talat S. James 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.    -2-   OFFICERS AND STAFF PARTICIPATING:   J. Familiar, Vice President J. Brumby, EASP2 and Corporate Secretary A. Drees-Gross, FFSAB   H. Abushakra, Chief Counsel, LEGAM S. Rahardja, EASPI P. Cox, Vice President, EAPVP D. Cowen, IMF   A. Van Trotsenburg, Vice President, CFPVP G. Heenan, IMF A. Bassani, Director, CFPIR M. Muleri, Corporate Secretariat   S. Koeberle, Director, EACIF   Welcome to New Executive Director   2. In the informal meeting preceding this regular session, the Chair welcomed Mr. Omar Bougara who was attending his first meeting as Executive Director.   Oral Briefing - IDA16 Mid-Term Review   3. Management briefed the Executive Directors on the outcome of the IDA16 Mid-Term Review   meeting in Abidjan, Cote d'Ivoire (November 12-15, 2012).   Indonesia - Development Policy Loan - Financial Sector and Investment Climate Reform and Modernization Development Policy Operation   4. The Executive Directors discussed the President’s Memorandum and Recommendation   (R2012-0216, dated October 29, 2012) and approved the Financial Sector and Investment Climate Reform and Modernization Development Policy Loan to Indonesia in the amount of US$100 million on   the payment terms and other terms and conditions set out in the President’s Memorandum.   Indonesia - Development Policy Loan - Institutional, Tax Administration, Social and Investment Development Policy Operation   5. The Executive Directors discussed the President’s Memorandum and Recommendation   (R2012-0219, dated October 29, 2012) and approved the Institutional, Tax Administration, Social and Investment Development Policy Operation to Indonesia in the amount of US$300 million on the payment   terms and other terms and conditions set out in the President’s Memorandum.   Indonesia - Development Policy Loan - Connectivity Development Policy Operation   6.   discussed the President’s Memorandum and Recommendation The Executive Directors (R2012-0217, dated October 29, 2012) and approved the Connectivity Development Policy Loan to Indonesia in the amount of US$100 million on the payment terms and other terms and conditions set out in the President’s Memorandum. Colombia - Development Policy Loan - Second Programmatic Fiscal Sustainability and Growth Resilience Development Policy Operation 7. The Executive Director recorded their approval on November 13, 2012 of the Second Programmatic Fiscal Sustainability and Growth Resilience Development Policy Loan to Colombia in the amount of US$200 million on the payment terms and other terms and conditions set out in the President’s Memorandum (R2012-0214, dated October 22, 2012). 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-   Nicaragua - Additional Financing Grant - Hurricane Felix Emergency Recovery Project   8. The Executive Director recorded their approval on November 13, 2012 of the additional   financing grant to Nicaragua for a Hurricane Felix Emergency Recovery Project in the amount of SDR 3.3 million (US$5 million equivalent) on the terms and conditions set out in the President’s Memorandum   (IDA/R2012-0269, dated October 24, 2012).   Nicaragua - GEF Special Climate Change Fund (SCCF) Grant - Adaptation of Water Supplies to Climate Change Project   9. The Executive Directors recorded their approval on November 13, 2012 of the grant from the   Global Environment Facility (GEF) Special Climate Change Fund (SCCF) to Nicaragua for an Adaptation of Water Supplies to Climate Change Project in the amount of US$6 million on the terms and   conditions set out in the President’s Memorandum (GEF/R2012-0022, dated October 29, 2012).   Tonga - Development Policy Grant - Second Tonga Economic Recovery Operation   10. The Executive Directors recorded their approval on November 15, 2012 of the Second Development Policy Economic Recovery Grant to Tonga in the amount of SDR 1.2 million (US$1.8   million equivalent) on the terms and conditions set out in the President’s Memorandum (IDA/R2012-0267, dated October 24, 2012).   Nepal - Additional Financing Credit and Grant - Project for Agriculture Commercialization and   Trade   11. The Executive Directors recorded their approval on November 15, 2012 of the additional financing credit and the additional financing grant to Nepal for a Project for Agriculture   Commercialization and Trade in the amounts of SDR 14.3 million (US$22 million equivalent) and SDR 11.7 million (US$18 million equivalent), respectively, on the payment terms and other terms and   conditions set out in the President’s Memorandum (IDA/R2012-0265, dated October 26, 2012).   Mexico - Results-Based Management and Budgeting Project - Proposal to Restructure   12. The Executive Directors recorded their approval on November 15, 2012 of the recommendation contained in paragraph 5 of the President's Memorandum entitled "Mexico – Results-Based Management   and Budgeting Project – Proposal to Restructure" (R2012-0224, dated November 6, 2012).   Adjournment   13. The meeting adjourned at 12:58 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.