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 August 2, 2018 at 10:01 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 L. Laraia N. Alghaith S. Lumala A. Alhosani B. Lvin J. Allford D. Malaspina Hernandez V. Bassant H. Mohammed E. Bethel K. Nishikata M. Bhuiyan R. Pierini P.-O. Chotard D Quintero P. Donaldson M. Robinson W. Guo G. Schoenleitner C. Happe S. Tarar R. Kachur K. Zajdel-Korowska L. Klemola OFFICERS AND STAFF PARTICIPATING: C. Frazier, Acting Senior Vice President & General Counsel A. Gibbs, Acting Vice President and Corporate Secretary N. Stoiljkovic, Regional Vice President, IFC X. Yu, Acting Regional Vice President M. Kerf, Country Director *T. Jacobs, Country Manager, IFC S. Diez Amigo, Risk Management Officer (CTR) R. Rurangwa, Representative *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. Solomon Islands– Country Partnership Framework 2. The Executive Directors discussed the joint IDA/IFC/MIGA Country Partnership Framework for Solomon Islands for the period FY18-FY23 (IDA/R2018-0249[IFC/R2018-0243, MIGA/R2018-0101];/2, dated July 6, 2018, and July 31, 2018, respectively). Adjournment 3. The meeting adjourned 11:17 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. The following item(s) have been approved on an Absence-of-Objection Basis or have been authorized to proceed on a streamlined basis between July 27, 2018 – August 2, 2018 THE EXECUTIVE DIRECTORS OF THE BANK AND IDA East African Community – Grant – EAC Statistics Development and Harmonization Regional Project 1. The Executive Directors recorded their approval on July 27, 2018 of the grant to the East African Community (EAC), comprised of Burundi, Kenya, Rwanda, South Sudan, the United Republic of Tanzania, and Uganda (the Partner States), in the amount of SDR 14.2 million (US$20 million equivalent) for an EAC Statistics Development and Harmonization Regional Project on the terms and conditions set out in the President’s Memorandum (IDA/R2018-0251, dated July 10, 2018). Ethiopia – Credit – Ethiopia Resilient Landscapes and Livelihoods Project 2. The Executive Directors recorded their approval on July 30, 2018 of the credit in the amount of SDR70.6 million (US$100 million equivalent) to Ethiopia for the Ethiopia Resilient Landscapes and Livelihoods Project on the terms and conditions set out in the President’s Memorandum (IDA/R2018-0252, dated July 11, 2018). Guinea – Development Policy Credit – Second Macroeconomic and Fiscal Management Development Policy Operation 3. The Executive Directors recorded their approval on July 31, 2018 of the development policy credit in the amount of SDR 42.2 million (US$60 million equivalent) to Guinea for the Second Macroeconomic and Fiscal Management Development Policy Operation on the terms and conditions set out in the President’s Memorandum (IDA/R2018-0250, dated July 10, 2018). Guinea-Bissau – Grant - Quality Education for All Project 4. The Executive Directors recorded their approval on July 31, 2018 of the grant in the amount of SDR 7.5 million (US$10.7 million equivalent) to Guinea-Bissau for a Quality Education for All Project on the terms and conditions set out in the President’s Memorandum (IDA/R2018-0255), dated July 12, 2018). African Union Commission – Additional Grant and Restructuring – Support for Capacity Development of the African Union Commission and Other African Union Organs Project 5. The Executive Directors recorded their approval on July 31, 2018 of the additional grant and restructuring in the amount of SDR 10.5 million (US$15 million equivalent) to the African Union Commission for a Support for Capacity Development of the African Union Commission 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. and Other African Union Organs Project on the terms and conditions set out in the President’s Memorandum (IDA/R2018-0254, dated July 12, 2018). Kyrgyz Republic, Republic of Tajikistan, Executive Committee of the International Fund for Saving the Aral Sea – Additional Credits and Grants - Central Asia Hydrometeorology Modernization Project 6. The Executive Directors recorded their approval on August 1, 2018 of the additional grant in the amount of SDR 2.5 million (US$3.5 million equivalent) to the Executive Committee of the International Fund for Saving the Aral Sea (EC-IFAS), additional credit and grant in the amounts of SDR 1.8 million each (US$2.5 million equivalent each) to Kyrgyz Republic, and an additional grant in the amount of SDR 2.2 million (US$3 million equivalent) to Republic of Tajikistan for the Central Asia Hydrometeorology Modernization Project on the terms and conditions set out in the President’s Memorandum (IDA/R2018-0257, dated July 13, 2018). Croatia – Additional Loan - Integrated Land Administration System Project 7. The Executive Directors recorded their approval on August 1, 2018 of the additional loan in the amount of EUR 19.7 million (US$24.07 million equivalent) to Croatia for the Integrated Land Administration System Project on the terms and conditions set out in the President’s Memorandum (R2018-0182), dated July 13, 2018). Colombia – Loan - Support to the Bogota Metro Line 1 Section 1 Project - (Series 1) 8. The Executive Directors recorded their approval on August 2, 2018 of a first loan in a Series of Projects (SoP), in the amount of US$70 million to the Bogota Metro Company (Empresa Metro de Bogotá—EMB) with the Guarantee of Colombia for the Support to the Bogota Metro Line 1 Section 1 Project (Series 1) on the terms and conditions set out in the President’s Memorandum (R2018-0183), dated July 16, 2018). ****************************************************************************** THE EXECUTIVE DIRECTORS OF THE BANK AND IDA, THE BOARD OF DIRECTORS OF IFC AND THE BOARD OF DIRECTORS OF MIGA Minutes of Previous Meetings 9. The Executive Directors of the Bank and IDA and the Boards of Directors of IFC and MIGA recorded their approval on July 27, 2018 of the minutes of the meeting held on July 17, 2018 and the record of approvals and authorizations between July 13, 2018, and July 17, 2018 (M2018-0018[IDA/M2018-0019, IFC/M2018-0018, MIGA/M2018-0018];/1, dated July 20, 2018, and July 23, 2018, respectively). 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 Meetings 10. The Executive Directors of the Bank and IDA and the Boards of Directors of IFC and MIGA recorded their approval on July 30, 2018 of the minutes of the meeting held on April 10, 2018 and the record of approvals and authorizations between April 4, 2018, and April 10, 2018 (M2018-0014[IDA/M2018-0015, IFC/M2018-0014, MIGA/M2018-0014], dated July 23, 2018). Official Travel of Executive Directors, Alternate Executive Directors, Senior Advisors and Advisors to Executive Directors as of July 26, 2018 11. The Executive Directors of the Bank and IDA and the Boards of Directors of IFC and MIGA recorded their approval on July 30, 2018 of the “Official Travel of Executive Directors, Alternate Executive Directors, Senior Advisors and Advisors to Executive Directors as of July 26, 2018� (R2018-0192[IDA/R2018-0265, IFC/R2018-0252, MIGA/R2018-0112], dated July 27, 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.