67767
  FROM:        Vice President and Corporate Secretary

 

 
                    Minutes of Joint Meeting of the Executive Directors of the Bank and IDA,
                                      and the Board of Directors of IFC,
                      held in the Board Room on Thursday, March 8, 2012, at 10:50 a.m.
 

 

  1.        There were present:
                                                                CHAIR:
 
                                                M. Mohieldin, Managing Director
 
    EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:
 
  A. Alkaffas (Alternate)             B.    Lvin (Temporary Alternate)
  I. Alturki (Alternate)              H. Manao
  K. Aminul Islam (Alternate)         A. Mendes Dias
  G. Balcytyte (Temporary Alternate)  R.    Mokate
  V. Brandon (Temporary Alternate)    S.    Moorehead
  A. Carmignani (Temporary Alternate) M.-L. Morin
  S. Dib (Alternate)                  W. Rissmann (Alternate)
  S. Dybczakova (Temporary Alternate) N. Speer (Temporary Alternate)
  A. Fayolle                          H.A. Taha
  G. Ferrari (Temporary Alternate)    Y. Takamura (Alternate)
  J. Frieden                          R.    Treffers
  M. Garcia                           J.    Whitehead
  W. Liu (Temporary Alternate)
 
  ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:
 
  D. Bohan                            M.S.Kayad
  K. Dalrymple                        W. Szczuka

                        
  OFFICERS AND STAFF PARTICIPATING:

    E.   Marmolo, Acting Corporate Secretary                    S.     Andrews, CEAR3*
    A.-M.Leroy, Senior Vice President                           A.     Chatzinikolaou, CEAMV*
         and General Counsel, LEGVP                             K.     Miwa, EACLF
    P.   Cox, Vice President, EAPVP                             T.     Feridhanusetyawan, IMF
    A. Dixon, Director, EACTF                                   M.     Muleri, Corporate Secretariat
    S.   Pimenta, Director, CEADR*

          *Via Videoconference



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-


 
    Lao PDR - Country Partnership Strategy
 
  2.      The Executive Directors discussed the joint IDA-IFC Country Partnership Strategy for the Lao
  People's Democratic Republic (PDR) for the period FY2012-FY2016 (IDA/R2012-0028
  [IFC/R2012-0031], dated February 14, 2012). (The Chair’s Summing Up of the discussion was
  subsequently distributed as IDA/SU2012-0007 [IFC/SU2012-0003], dated March 12, 2012.)

  Burundi - GEF Trust Fund Grant - Energy Efficiency Project

  3.       The Executive Directors approved the trust frund grant from the Global Environment Facility
  (GEF) for an Energy Efficiency Project in the amount of US$1.82 million on the terms and conditions set
  out in the President’s Memorandum (GEF/R2012-0004, dated February 17, 2012).

  Lao, PDR, and Mekong River Commission - Adaptable Program Lending (Grants) - Mekong
  Integrated Water Resources Management Project
 
  4.      The Executive Directors approved the grant to the Lao PDR in the amount of SDR 11.8 million
  (US$18 million) and the grant to the Mekong River Commission (MRC) in the amount of SDR 5.3
  million (US$8 million equivalent) for a Mekong Integrated Water Resources Management Project on the
  terms and conditions set out in the President’s Memorandum (IDA/R2012-0034; /2, dated February 16
  and February 17, 2012, respectively). The adaptable program lending supports the first phase of a
  two-phase Mekong Integrated Water Resources Management Program (APL-1).

  Kyrgyz Republic - Credit and Grant - Financial Sector Development Project

  5.       The Executive Directors approved the additional financing credit and the additional financing
  grant to the Kyrgyz Republic in the amounts of SDR 4.7 million (US$7.15 million equivalent) and SDR
  3.9 million (US$5.85 million equivalent), respectively, for a Financial Sector Development Project on the
  payment terms and other terms and conditions set out in the President’s Memorandum (IDA/R2012-0029,
  dated February 14, 2012).

  Colombia - Additional Financing Loan - Sustainable Development Investment Project

  6.     The Executive Directors approved the additional financing loan to Colombia for a Sustainable
  Development Investment Project in the amount of US$10 million on the payment terms and other terms
  and conditions set out in the President’s Memorandum (R2012-0021, dated February 14, 2012).

  India - Additional Financing  Credit - Assam Agricultural Competitiveness Project

    7.      The Executive Directors approved the additional financing credit to India for an Assam
    Agricultural Competitiveness Project in the amount of SDR 32.6 million (US$50 million equivalent) on
    the payment terms and other terms and conditions set out in the President’s Memorandum
    (IDA/R2012-0027, dated February 16, 2012).

    Minutes of Previous Meeting

    8.      The Executive Directors recorded their approval on March 5, 2012 of the Minutes of the meeting
    held on January 26, 2012 (M2012-0006[IDA/M2012-0006]).


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 Tuesday,
  March 13, 2012.

  Adjournment

  10.       The meeting adjourned at 11:52 a.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.