74089       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, November 1, 2012, at 10:05 a.m.     1. There were present: CHAIR:   S.M. Indrawati, Managing Director   EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:   M. Al-Sheikh P. Larose (Alternate)   G. Alzetta B. Lvin (Temporary Alternate) S. Annamalai A. Mendes Dias   A. Brandt M.-L. Morin P. Cipollone M. Muhtar   A. Fayolle I. Solomon C.G. Forcieri H. Suzuki   J. Frieden J. Talat (Alternate) E. Gimenez (Temporary Alternate) R. Tan   B. Han (Alternate) M. Tareque (Alternate) M. Hasan R. Treffers   G. Hines J. Whitehead I. Hoven   ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:   A. Alkaffas M.S.Kayad   S. Aviel   S. Nanu G. Balcytyte W. Rissmann D. Bohan R. Studart J. Harris W. Szczuka S. James Y. Takamura J.-P. Julia 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 and S. Dossou Kouame, AFMCG Corporate Secretary F. Douamba, CAFSC*   A. Toft, Deputy General Counsel, LEGVP P. Iyer, EASVS D. Harris, Acting Vice President M. Kostner, EASER   and General Counsel, CLVVP K. Nthara, EASPT* P. Cox, Vice President, EAPVP R. Piontkivsky, ECSP3   M. Diop, Vice President, AFRVP H. Rabarijohn, CAFW4* K. Finkelston, Vice President, CAPVP* J. Sara, EASVS*   A. Dixon, Director, EACTF K. Smits, ECSP3 Q. Fan, Director, ECCU2 M. Verghis, EASP3*   V. Kwakwa, Director, EACVF* A. Zeufack, AFTP5 E. Ouayoro, Director, AFCC2 J. Arze del Granado, IMF   N.K.Peters, Director, ECAVP C. Baker, IMF S. Pimenta, Director, CEADR N. Gueorguiev, IMF   J. Roome, Director, EASSD M. Karasulu, IMF E. Sennhauser, Director, EASOS A. Singh, IMF   S. Shetty, Director, EASPR B. Geiser, Corporate Secretariat   *Via Videoconference   Welcome to New Executive Directors and Alternate Executive Directors   2. The Chair welcomed Messrs. Annamalai, Forcieri, and Tan, who were attending their first meeting as Executive Directors; and, Ms. Harris, who was attending her first meeting as Alternate   Executive Director. The Chair also welcomed Messrs. Alzetta, Kalyalya, and Muhtar, who were attending in their new capacity as Executive Directors; and, Messrs. Larose, Pamuksuz, Studart, and Talat, who   were attending in their new capacity as Alternate Executive Directors.   Moldova - Development Policy Credit - Competitiveness Development Policy Operation   3. The Executive Directors considered the President’s Memorandum and Recommendation (IDA/R2012-0254, dated October 5, 2012) and approved the Competitiveness Development Policy Credit   to Moldova in the amount of SDR  19.8 million (US$30 million equivalent) on the payment terms and other terms and conditions set out in the President’s Memorandum. Republic of Congo - Country Partnership Strategy 4. The Executive Directors discussed the Country Partnership Strategy for the Republic of Congo for the period FY2013-FY2016 (IDA/R2012-0283, dated November 15, 2012, the document cover replaces the two earlier versions to correct/delete the incorrect indication that it was a joint IDA-IFC report). (Correspondingly, the Chair's Summing Up was corrected and distributed as IDA/SU2012-0036, dated November 21, 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-       Vietnam - Program-for-Results Financing Credit - Results-Based Rural Water Supply and Sanitation under the National Target Program   5. The Executive Directors considered the President’s Memorandum and Recommendation   (IDA/R2012-0257, dated October 12, 2012) and approved the program-for-results financing credit to Vietnam for a Results-Based Rural Water Supply and Sanitation under the National Target Program in the   amount of SDR 131.5 million (US$200 million equivalent) on the payment terms and other terms and conditions set out in the President’s Memorandum.   Myanmar - Interim Strategy Note   6. The Executive Directors discussed the joint IDA-IFC Interim Strategy Note for Myanmar for the   period FY2013-FY2014 (IDA/R2012-0252 [IFC/R2012-0319]), dated October 10, 2012). (The Chair's Summing Up of the discussion was subsequently distributed as IDA/SU2012-0013 [IFC/SU2012-0030],   dated November 2, 2012).   Myanmar - Pre-Arrears Clearance Grant - National Community Driven Development Project   7. The Executive Directors considered the President’s Memorandum and Recommendation (IDA/R2012-0264, dated October 18, 2012) and approved the pre-arrears clearance grant for a National   Community Driven Development Project in the amount of SDR 52.6 million (US$80million equivalent) on the terms and conditions set out in the President’s Memorandum.   Argentina - Second Provincial Agricultural Development Project - Proposal to Restructure   8. The Executive Directors recorded their approval on October 26, 2012 of the recommendation   contained in paragraph 6 of the President's Memorandum entitled "Argentina - Second Provincial Agricultural Development Project - Proposal to Restructure" (R2012-0205, dated October 16, 2012). Mr.   Solomon (via email dated October 25, 2012) wished to be recorded as opposed.   Date of Next Meeting   9. It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Tuesday, November 6, 2012.     Adjournment 10. The meeting recessed at 1:03 p.m., reconvened at 2:35 p.m., and adjourned at 3:57 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.