73016     FROM: Vice President and Corporate Secretary     Minutes of Meeting of the Board of Directors of IFC,   held in the Board Room on Thursday, September 13, 2012, at 11:19 a.m.     1. There were present:   CHAIR:   R.-R. Kaldany, Acting Executive Vice President, IFC   EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:   A. Ahmed (Temporary Alternate) J.-P. Julia (Alternate) S. Al Issa (Temporary Alternate) M.S. Kayad (Alternate)   I. Alturki (Alternate) M. Kivine (Temporary Alternate) J. Alvarez (Temporary Alternate) A. Lamrani (Temporary Alternate)   G. Alzetta (Alternate) M.-L. Morin S. Aviel (Alternate) L. Palma (Temporary Alternate)   A. Barclay (Temporary Alternate) K. Panov (Temporary Alternate) D. Bohan (Alternate) H. Suzuki   M. Coronel (Temporary Alternate) W. Szczuka (Alternate) G. Ferrari (Temporary Alternate) M. Tareque (Alternate)   B. Han (Alternate) R. Treffers G. Hines J. Whitehead   I. Hoven   ALTERNATE NOT ACTING AS EXECUTIVE DIRECTOR:   W. Rissmann     OFFICERS AND STAFF PARTICIPATING: S. Suleymanov, Acting Corporate Secretary J. MaCauley, CN2TM R. Robbins, Vice President and A. Millan Drews, CN2TM General Counsel, CLVVP B. Petkova, CN2TM B. Sheahan, Director, CN2DR S. Tamir, 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-   Africa Region - Investment in IHS Holding (IHS Nigeria)   2. The Board of Directors considered the President's Memorandum and a Report on an investment in IHS Holding (IHS Nigeria) in the Africa Region (IFC/R2012-0291, dated August 30, 2012) and adopted   the following resolution:   RESOLUTION NO. IFC 2012-0058   RESOLVED:   (A) THAT the Corporation be authorized to conclude the transactions outlined in paragraphs 7.1 and 7.2 of the Report substantially on the terms therein set forth;   and   (B) THAT the President, Executive Vice President, a Vice President, a Department Director, the General Counsel or Deputy General Counsel, or any staff member of   the Corporation authorized by any one of them, enter in the name and on behalf of the Corporation, into an agreement or agreements providing for such transactions   and containing such other terms and conditions as he or she, by the execution thereof, shall approve.   3. The Board of Directors recorded its authorization for Management to proceed with the following   investments under the Streamlined Procedure:   (a) Bangladesh - an investment in Green Delta Insurance Company Limited (IFC/R2012-0277, dated August 2, 2012) in the form of equity of up to BDT 850 million (US$10 million equivalent),   authorized on August 28, 2012.   (b) Turkey - an investment in TPI Composites Incorporated (IFC/R2012-0278, dated August 7, 2012) in the form of an "A" loan of up to US$15 million and warrants of up to US$8.3 million,   authorized on August 31, 2012. Mr. Solomon (via email dated August 31, 2012) wished to be recorded as abstaining.   (c) Lebanon - an investment in Access to Microfinance and Enhanced Enterprise Niches S.A.L   (“AMEEN”) (IFC/R2012-0286, dated August 22, 2012) in the form of a senior loan of up to US$2 million, authorized on September 5, 2012.   (d) Philippines - an investment in Planters Development Bank Special Purpose Vehicle   (IFC/R2012-0287, dated   August 22, 2012) in the form of a loan of up to PHP 834.3 million (US$20 million equivalent), a subordinated note with income participation of up to PHP 128 million (US$3.1 million equivalent), and a preferred equity investment of up to PHP 62.3 million (US$1.5 million equivalent), authorized on September 5, 2012. (e) World Region - an investment in GTLP (Global Trade Liquidity Program) Extension Citi (IFC/R2012-0283, dated August 17, 2012) in the form of a funded risk participation of up to US$270 million, authorized on September 10, 2012. (f) Colombia - an investment in Triada SAS (IFC/R2012-0289, dated August 28, 2012) in the form of quasi-equity of up to US$10 million, authorized on September 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-   Minutes of Previous Meetings   4. The Board of Directors recorded its approvals on August 28, 2012 of the Minutes of the meeting held on June 14, 2012 (IFC/M2012-0044) and on August 29, 2012 of the Minutes of the meeting held on   June 19, 2012 (IFC/M2012-0045).   World Region - Modification to IFC’s Investment in Cleaner Production Lending Facility (CPLF) - Extension of Facility   5. The Board of Directors recorded its approval on September 7, 2012 of the recommendation   contained in paragraph 3 of the President's Memorandum and Report entitled "World Region - Modification to IFC’s Investment in Cleaner Production Lending Facility (CPLF) - Extension of Facility"   (IFC/R2012-0288, dated August 27, 2012) and adopted the following resolution:   RESOLUTION NO. IFC 2012-0059   RESOLVED:   (A) THAT the Corporation be authorized to conclude the transactions outlined in paragraph 8 of the Report substantially on the terms therein set forth; and   (B) THAT the President, Executive Vice President, a Vice President, a Department   Director, the General Counsel or Deputy General Counsel, or any staff member of the Corporation authorized by any one of them, enter in the name and on behalf of   the Corporation, into an agreement or agreements providing for such transactions and containing such other terms and conditions as he or she, by the execution   thereof, shall approve.   Adjournment   6. The meeting adjourned at 11:40 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.