67722
 

  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, March 20, 2012, at 12:17 p.m.
 

 

  1.        There were present:
                                                                CHAIR:
 
                                                  C. Anstey, Managing Director
 
    EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:
 
  A. Alkaffas (Alternate)            K. Huber
  I. Alturki (Alternate)             S.    James (Alternate)
  D. Bohan (Alternate)               W. Liu (Temporary Alternate)
  A. Brandt                          A. Mendes Dias
  F.A. Camarasa                      E.    Miagkov (Alternate)
  I.-K. Cho (Alternate)              M.-L. Morin
  P. Cipollone                       D. Peters (Temporary Alternate)
  A. Fayolle                         M.N. Prasad
  K. Florestal (Temporary Alternate) L.    Shuaibu (Temporary Alternate)
  J. Frieden                         H.A. Taha
  N. Hayashi                         J.    Talat
  R. Hernandez (Temporary Alternate) R.    Treffers
  I. Hoven
 
  ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:
                              
  G. Alzetta                         M.S. Kayad
  K. Dalrymple                       S.    Nanu
  V. Daza Foronda                    W. Rissmann
  D. Kalyalya                        A. Touret-Blondy




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:

  A.       Peuker, Acting Corporate Secretary                   Y.      El-Gammal, MNSHD
  A.-M.    Leroy, Senior Vice President and                     B.      Hansl, AFTP2*
           General Counsel, LEGVP                               A.      Kamurase, AFTSP*
  I.       Guerrero, Vice President, SARVP                      O.      Ladipo, AFMRW*
  R.       Benmessaoud, Director, SACPK                         K.      Sharkey, AFCCI
  O.       Diagana, Director, AFCW3*                            L.      Sherburne-Benz, AFTSP
  R.       Reinikka, Director, AFTHD                            J.      Shukla, SASDE
  J.       Zutt, Director, AFCE2*                               J.      Walliser, AFRVP
  M.       Ahmad, SASDA                                         A.      Mazarei, IMF
  S.       Bakayoko, AFMGN*                                     R.      Morales, IMF
  E.       Bell, AFTP3                                          H.      Snoek, IMF
  C.       Bronchi, AFTPR                                       A.      Dhar, Corporate Secretariat
 
           *Via Videoconference
 
  Rwanda - Development Policy Lending (Grant) - Support to the Social Protection System (SSPS-I)
  Operation

  2.      The Executive Directors considered the President's Memorandum and Recommendation
  (IDA/R2012-0040, dated February 27, 2012) and approved the development policy grant to Rwanda for a
  Support to the Social Protection System (SSPS-I) Operation in the amount of SDR 26.1 million (US$40
  million equivalent) on the terms and conditions set out in the President’s Memorandum.
 
  Guinea - Grant - Economic Governance, Technical Assistance and Capacity Building Public
  Project

  3.      The Executive Directors considered the President's Memorandum and Recommendation
  (IDA/R2012-0048, dated February 29, 2012) and approved the grant to Guinea for an Economic
  Governance, Technical Assistance and Capacity Building Public Project in the amount of SDR 6.5
  million (US$10 million equivalent) on the terms and conditions set out in the President’s Memorandum.
 
  Pakistan - Loan and Credit - Tarbela Fourth Extension Hydropower Project
 
  4.      The Executive Directors considered the President's Memorandum and Recommendation
  (R2012-0036[IDA/R2012-0044], dated February 29, 2012) and approved the loan and the credit to
  Pakistan for a Tarbela Fourth Extension Hydropower Project in the amounts of US$400 million and SDR
  283.7 million (US$440 million  equivalent), respectively, on the payment terms and other terms and
  conditions set out in the President’s Memorandum.

    Georgia - Loan - Regional Development Project

    5.     The Executive Directors approved the loan to Georgia for a Regional Development Project in the
    amount of US$60 million on the payment terms and other terms and conditions set out in the President’s
    Memorandum (R2012-0038, dated February 29, 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-


  Moldova - Additional Financing Credit - Quality Education in the Rural Areas of Moldova Project

  6.      The Executive Directors approved the additional financing credit to Moldova for a Quality
  Education in the Rural Areas of Moldova Project in the amount of SDR 700,000 (US$1 million
  equivalent) on the payment terms and other terms and conditions set out in the President’s Memorandum
  (IDA/R2012-0043, dated February 29, 2012).
 
  Pakistan - Credit - Punjab Irrigated Agriculture Productivity Improvement Program Project
 
  7.      The Executive Directors approved the credit to Pakistan for a Punjab Irrigated Agriculture
  Productivity Improvement Program Project in the amount of SDR 161.2 million (US$250 million
  equivalent) on the payment terms and other terms and conditions set out in the President’s Memorandum
  (IDA/R2012-0045, dated February 29, 2012).

  Adjournment

  8.        The meeting recessed at 1:40 p.m., reconvened at 2:15 p.m., and adjourned at 2:48 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.