76144       FROM: Vice President and Corporate Secretary     Minutes of Meeting of the Board of Directors of MIGA,   held in the Board Room on Tuesday, February 26, 2013, at 10:01 a.m.     1. There were present:   CHAIR:   I. Kobayashi, Executive Vice President   EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:   I. Alturki (Alternate) S. Lutfi (Temporary Alternate) S. Annamalai M. Minhas (Alternate)   S. Aviel (Alternate) M.-L. Morin A. Brandt M.S. Pamuksuz (Alternate)   J.J. Bravo K. Panov (Temporary Alternate) F. Diallo (Temporary Alternate) G. Politakis (Temporary Alternate)   J. Frieden R. Raineri (Alternate) G. Hines D. Sandhu (Temporary Alternate)   R. Ito (Temporary Alternate) K.-W. Schmitter (Temporary Alternate) J.-P. Julia (Alternate) R. Tan   P. Larose (Alternate) R. Treffers W. Liu (Weijie) (Temporary Alternate) M. Willcock (Temporary Alternate)   A. Lourenco (Alternate)   ALTERNATE NOT ACTING AS EXECUTIVE DIRECTOR:   W. Szczuka   OFFICERS AND STAFF PARTICIPATING: S. Suleymanov, Acting Corporate Secretary M. Nose, MIGES A. Kumar-Capoor, Chief Counsel, MIGLC N. Onwuamaegbu, MIGOP M. Wormser, Vice President and O. Sclovscaia, MIGOP Chief Operating Officer, MIGCO A. Zuberi, MIGOP N. Fawaz, MIGOP A. Dhar, Corporate Secretariat 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-   Pakistan - Guarantee to Stora Enso South Asia Holdings AB for Investment in Bulleh Shah Packaging (Private) Limited   2. The Board of Directors considered the Report from the President on the guarantee to Stora Enso   South Asia Holdings AB for an investment in Bulleh Shah Packaging (Private) Limited in Pakistan (MIGA/R2013-0010, dated February 12, 2013) and concurred in the issuance of the guarantee on the   terms and conditions set out in the President’s Report.   Serbia - Guarantee to Eurobank Ergasias S.A. for Investments in Eurobank AD Beograd   3. The Board of Directors considered the Report from the President on the guarantee to Eurobank Ergasias S.A. for investments in Eurobank AD Beograd in Serbia (MIGA/R2013-0007, dated February   12, 2013) and concurred in the issuance of the guarantee on the terms and conditions set out in the President’s Report.   Minutes of Previous Meetings   4. The Board of Directors recorded its approvals on December 27, 2012 of the Minutes of the   meeting held on September 27, 2012 (MIGA/M2012-0036); on December 28, 2012 of the Minutes of the meeting held on November 29, 2012 (MIGA/M2012-0042); and, on January 25, 2013, of the Minutes of   the meeting held on December 18, 2012 (MIGA/M2013-0004).   Kenya - Guarantees to Standard Bank of South Africa, Industrial Commercial Bank of China Limited and CFC Stanbic Bank Limited for Financing to Triumph Power Generating Company   Limited in Kenya - Modification of Prior Concurrence   5. The Board of Directors recorded its authorization on December 17, 2012 for the President to proceed with the modification of prior concurrence of the guarantees as set out in the Report from the   President entitled "Kenya - Guarantees to Standard Bank of South Africa, Industrial Commercial Bank of China Limited and CFC Stanbic Bank Limited for their financing to Triumph Power Generating   Company Limited in Kenya - Modification of Prior Concurrence" (MIGA/R2012-0076, dated December 5, 2012).   Niger - Guarantee for Cotecna Inspection S.A. of Switzerland for Investment in Cotecna Inspection   S.A. Bureau de Liaison de Niamey   6. The Board of Directors recorded its authorization on December 18, 2012 for the President to proceed with the issuance of the guarantee as set out in the Report from the President entitled "Niger -   S.A. of Switzerland for its investment in Cotecna Inspection S.A.   Guarantee for Cotecna Inspection Bureau de Liaison de Niamey" (MIGA/R2012-0079, dated December 6, 2012). Mozambique - Guarantee to Comzatel International GmbH for Shareholder Loans to Comzatel Mocambique Lda. 7. The Board of Directors recorded its authorization on December 20, 2012 for the President to proceed with the issuance of the guarantee as set out in the Report from the President entitled "Mozambique - Guarantee to Comzatel International GmbH for Shareholder Loans to Comzatel Mocambique Lda. (MIGA/R2012-0080, dated December 10, 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-   Budget Committee - 2012 Annual Report to the Board of Executive Directors   8. The Board of Directors recorded its approval on January 17, 2013 to publicly disclose the 2012 Annual Report of the Budget Committee (MIGA/R2013-0003, dated January 8, 2013).   Adjournment   9. The meeting adjourned at 10:26 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.