65386
                                                                   OFFICIAL USE ONLY
                                                                            M2011-0078
                                                                        IDA/M2011-0078
                                                                          November 3, 2011


                                                   Closing Date: Monday, November 7, 2011
                                                                  at 6 p.m.



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, October 25, 2011 at 12:35 p.m.




In the absence of comments or objections to be notified to the Vice President and
Corporate Secretary by 6:00 p.m. on Monday, November 7, 2011, the following
Minutes will be deemed approved and so recorded in the minutes of a subsequent
meeting of the Executive Directors of the Bank and IDA.




Distribution:

 Executive Directors and Alternates
 President
 Bank Group Senior Management
 Vice Presidents, Bank, IFC and MIGA
 Directors and Department Heads, Bank, IFC and MIGA
 

  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, October 25, 2011 at 12:35 p.m.

 

 
    1.      There were present:
                                                                CHAIR:

                                                M. Mohieldin, Managing Director

  EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:

  K. Alkhudairy (Temporary Alternate)                         P.   Proano (Temporary Alternate)
  G. Alzetta (Alternate)                                      W.   Rissmann (Alternate)
  S.    Bangura (Temporary Alternate)                         M.   Sandu (Temporary Alternate)
  P.    Cipollone                                             I.   Solomon
  V. Daza Foronda (Alternate)                                 S.   Souvannachoumkham (Temporary Alternate)
  F.    Diallo (Temporary Alternate)                          M.   Sovala (Temporary Alternate)
  J.    Frieden                                               E.   Sycheva (Temporary Alternate)
  M. Garcia                                                   A.   Thakur (Temporary Alternate)
  S.    James (Alternate)                                     A.   Touret-Blondy (Alternate)
  S.    Mellali (Temporary Alternate)                         E.   Wakamatsu (Temporary Alternate)
  N. Mohamed (Temporary Alternate)                            J.   Whitehead
  R.    Mokate                                                F.   Zang (Temporary Alternate)
  M.-L. Morin

  ALTERNATE NOT ACTING AS EXECUTIVE DIRECTOR:

  M.      Muhtar

                        
  OFFICERS AND STAFF PARTICIPATING:

    E.   Marmolo, Acting Corporate Secretary                    N.    Fiess, LCSPE
    A.-M. Leroy, Senior Vice President and                      P.    Siegenthaler, LCCUY
         WBG General Counsel, LEGVP                             C.    Perez Marulanda, IMF
    P.   Brook, Director, LCC7C                                 L.    Ikiring, Corporate Secretariat
    L.   Frigenti, Director, LCRVP




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-


  Uruguay - Development Policy Operation - Second Programmatic Public Sector, Competitiveness
  and Social Inclusion Development Policy Loan with a Deferred Option
 
  2.      The Executive Directors considered the President's Memorandum and Recommendation
  (R2011-0212, dated September 30, 2011) and approved the Second Programmatic Public Sector,
  Competitiveness and Social Inclusion Development Policy Loan with a Deferred Drawdown Option to
  Uruguay in the amount of US$260 million on the payment terms and other terms and conditions set out in
  the President’s Memorandum.
 
  Armenia - Additional Financing Loan - Irrigation Rehabilitation Emergency Project
 
  3.      The Executive Directors approved the additional financing loan to Armenia for the Irrigation
  Rehabilitation Emergency Project in the amount of US$18 million on the payment terms and other terms
  and conditions set out in the President’s Memorandum (R2011-0214, dated October 4, 2011).
 
  Date of Next Meeting
 
  4.      It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Thursday,
  October 27, 2011.

  Adjournment

  5.        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.