Minutes of a Meetings of the Executive Directors of the Bank and IDA and the Board of Directors of IFC held in the Board Room on June 7, 2018 at 10:02 a.m. 1. There were present: CHAIRS: J. Levy, Managing Director and WBG Chief Financial Officer S. von Friedeburg, Chief Operating Officer, IFC EXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS: M. Abdul Karim R. Kachur T. Almutairi P. Kunene M. Bhuiyan L. Laraia F. Bilbeisi B. Lvin S. Bouda K. Nishikata A. Bvumbe R. Pierini E. Cipcute D. Quintero P. Donaldson G. Schoenleitner M. Farnoux E. Soto Mendez W. Guo S. Tarar T. Hemingway A. Thermann D. Higgins L. Widmer J. Isaacs OFFICERS AND STAFF PARTICIPATING: I. Kichigina, Acting Senior Vice President and General Counsel E. Tafara, Vice President and General Counsel, IFC Y. Tsikata, Vice President and Corporate Secretary N. Stoiljkovic, Regional Vice President, IFC S. Guimbert, Director, IDA Mobilization and IBRD Corp Finance * V. Pathak, Director * K. Kelhofer, Senior Manager N. Louat, Senior Manager M. Mumcuoglu, Manager K. Kime, Principal Financial Officer * 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. Cambodia – Investment in Hattha Kaksekar Limited and Support from IDA18 IFC-MIGA Private Sector Window Local Currency Facility for the Proposed IFC Investment in Hattha Kaksekar Limited 2. The Board of Directors of IFC considered the President’s Memorandum and a Report on an investment in Cambodia consisting of a subscription to senior, unsecured KHR-denominated bonds issued by HKL in an amount of up to KHR equivalent of US$20 million for a tenor of up to 3 years to Hattha Kaksekar Limited in Cambodia (IFC/R2018-0170, dated May 25, 2018) and adopted Resolution No. IFC2018-0012. The Executive Directors considered the President’s Memorandum and Recommendation (IDA/R2018-0147, dated May 24, 2018) and approved the allocation from the IDA18 IFC- MIGA Private Sector Window (PSW) Blended Finance Facility (BFF) in support of the IFC investment in Cambodia - Hattha Kaksekar Limited on the terms and conditions set out in the President’s Memorandum. Adjournment 3. The meeting adjourned 11:32 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. FROM: Vice President & Corporate Secretary Minutes of Meeting of the Executive Directors of the Bank and IDA and the Boards of Directors of IFC and MIGA held in the Board Room on June 7, 2018 at 11:40 a.m. 1. There were present: CHAIR: J. Levy, Managing Director and WBG Chief Financial Officer EXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS: M. Abdul Karim J. Isaacs N. Alghaith R. Kachur M. Bhuiyan P. Kunene S. Bouda L. Laraia O. Bougara E. Myers A. Bvumbe F. Neutze B. Catzaras K. Nishikata P. Donaldson K. Panov R. Eletreby R. Pierini W. Gruber D. Quintero S. Helt G. Schoenleitner D. Hernandez M. Zhang D. Higgins OFFICERS AND STAFF PARTICIPATING: I. Kichigina, Acting Senior Vice President and General Counsel Y. Tsikata, Vice President and Corporate Secretary M. Diop, Vice President S. Pimenta, Director, IFC S. Kane, Country Director R. Radji, Country Manager O. Buyoya, Country Manager, IFC 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. Guinea – Country Partnership Framework 2. The Executive Directors discussed the joint IDA/IFC/MIGA Country Partnership Framework for Guinea for the period FY18-FY23 (IDA/R2018-0131[IFC/R2018-0140, MIGA/R2018-0043], dated May 15, 2018). Adjournment 3. The meeting adjourned 1:14 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. The following item(s) have been approved on an Absence-of-Objection Basis or have been authorized to proceed on a Streamlined Basis between June 6, 2018 and June 7, 2018 THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Central African Republic – Grant - Central African Republic Emergency Basic Education Support Project 1. The Executive Directors recorded their approval on June 6, 2018 of a grant in the amount of SDR 17.4 million (US$25 million equivalent) to Central African Republic for a Central African Republic Emergency Basic Education Support Project on the terms and conditions set out in the President’s Memorandum (IDA/R2018-0140;/2, dated May 25, 2018). China – Loan - Liaoning Safe and Sustainable Urban Water Supply Project 2. The Executive Directors recorded their approval on June 6, 2018 of a loan to China in the amount of US$250 million for the Liaoning Safe and Sustainable Urban Water Supply Project on the terms and conditions set out in the President’s Memorandum (R2018-0095, dated May 17, 2018). Mr. Bethel wished to be recorded as abstaining. China – Loan - Jiangxi Integrated Rural and Urban Water Supply and Wastewater Management Project 3. The Executive Directors recorded their approval on June 6, 2018 of a loan in the amount of US$200 million to China for the Jiangxi Integrated Rural and Urban Water Supply and Wastewater Management Project on the terms and conditions set out in the President’s Memorandum (R2018-0093;/2, dated May 17, 2018, and June 22, 2018, respectively). Mr. Bethel wished to be recorded as abstaining. China – Loan - Zhejiang Qiandao Lake and Xin’an River Basin Water Resources and Ecological Environment Protection Project 4. The Executive Directors recorded their approval on June 6, 2018 of a loan in the amount of US$150 million to China for the Zhejiang Qiandao Lake and Xin’an River Basin Water Resources and Ecological Environment Protection Project on the terms and conditions set out in the President’s Memorandum (R2018-0094, dated May 17, 2018). Mr. Bethel wished to be recorded as abstaining. 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. Indonesia – Loan - National Urban Water Supply Project 5. The Executive Directors recorded their approval on June 6, 2018 of a loan in the amount of US$100 million to Indonesia for the National Urban Water Supply Project on the terms and conditions set out in the President’s Memorandum (R2018-0097, dated May 17, 2018). Senegal – Credit - Saint-Louis Emergency Recovery and Resilience Project 6. The Executive Directors recorded their approval on June 7, 2018 of a credit in the amount of Euros 24.4 million (US$30 million equivalent) to Senegal for a Saint-Louis Emergency Recovery and Resilience Project on the terms and conditions set out in the President’s Memorandum (IDA/R2018-0160, dated May 29, 2018). Mr. Bethel wished to be recorded as abstaining. Maldives – Additional Credit and Grant- Public Financial Management Systems Strengthening Project 7. The Executive Directors recorded their approval on June 7, 2018 of an additional credit in the amount of SDR 4.2 million (US$6 million equivalent) and an additional grant in the amount of SDR 4.2 million (US$6 million equivalent) to Maldives for the Public Financial Management Systems Strengthening Project on the terms and conditions set out in the President’s Memorandum (IDA/R2018-0141, dated May 18, 2018). THE BOARD OF DIRECTORS OF IFC Bangladesh - Investment in PRAN Agro Business Limited, PRAN Agro Limited, and Natore Agro Limited for the PRAN IV Project 8. The Board of Directors authorized on June 7, 2018 an investment in Bangladesh - PRAN Agro Business Limited, PRAN Agro Limited, and Natore Agro Limited for the PRAN IV Project (IFC/R2018-0174, dated May 25, 2018), in the form of an “A� loan of up to US$30 million in PRAN Agro Business Limited (PABL), a local currency loan of up to BDT400 million (approximately US$10 million equivalent) in PRAN Agro Limited (PAL), and a local currency loan of up to BDT400 million (approximately US$10 million equivalent) in Natore Agro Limited (NAL). India - Investment in Lithium Urban Technologies 9. The Board of Directors authorized on May 11, 2018 an investment in India - Lithium Urban Technologies (IFC/R2018-0173, dated May 25, 2018), in the form of an equity investment of up to INR 520 million (approximately US$7.7 million equivalent) as Series B investor by subscribing to Compulsory Convertible Preference Shares (“CCPS�). 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. Minutes of Previous Meeting 10. The Board of Directors of IFC recorded their approval on June 7, 2018 of the minutes of the meeting held on May 29, 2018 (IFC/XM2018-0002, dated May 30, 2018). THE EXECUTIVE DIRECTORS OF THE BANK AND IDA, THE BOARD OF DIRECTORS OF IFC AND THE BOARD OF DIRECTORS OF MIGA EDs Travel Budget Methodology 11. The Executive Directors recorded their approval on June 7, 2018 of the document entitled “EDs Travel Budget Methodology� (R2018-0119[IDA/R2018-0165, IFC/R2018-0181, MIGA/R2018-0054], dated May 29, 2018). Maldives – Performance and Learning Review of the Country Partnership Framework 12. The Executive Directors recorded their noting on June 7, 2018 of the Performance and Learning Review of the joint IDA/IFC/MIGA Country Partnership Framework for Maldives for the period of FY2016-2020 (IDA/R2018-0137[IFC/R2018-0149, MIGA/R2018-0048], dated May 16, 2018). 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.