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 July 6, 2017 at 10:05 a.m. 1. There were present: CHAIR: K. Georgieva, Chief Executive Officer, IBRD/IDA EXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS: A. Alkhalaf N. Khosa J. Allford K. Koguchi S. Bouda A. Lushin O. Canuto K. Mathiasen B. Catzaras H. Mohammed S. Garg P. Pagano F. Godts M. Robinson W. Gruber S. Ulbaek A. Hadiyanto M. Van Der Velden M. Hasan N. Viggilo C. Hogan Y. Yang F. Jimenez J. Zattler A. Kabagambe OFFICERS AND STAFF PARTICIPATING: S. Okoro, Senior Vice President and General Counsel Y. Tsikata, Vice President and Corporate Secretary K. Honda, Executive Vice President and Chief Executive Officer, MIGA A. Kumar-Capoor, General Counsel, MIGA C. Rechden, Adviser to the Vice President, IFC 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. Farewell to Executive Director 2. The Chair made the customary presentation to Mr. Subhash Garg, Executive Director, India, on expiration of his terms of service and tendered her good wishes for the future. The Executive Directors recorded their appreciation. Adjournment 3. The meeting adjourned at 10:40 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. 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 5, 2017 and July 6, 2017 THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Kenya – Additional Credit and Restructuring - Infrastructure Finance and Public Private Partnership Project 1. The Executive Directors recorded their approval on July 5, 2017 of an additional credit and restructuring to Kenya in the amount of EUR 46.9 million (US$50 million equivalent) for the Infrastructure Finance and Public Private Partnership Project on the terms and conditions set out in the President’s Memorandum (IDA/R2017-0233, dated June 15, 2017). Rwanda –Credit - Rwanda Priority Skills for Growth Program-for-Results 2. The Executive Directors recorded their approval on July 5, 2017 of a credit to Rwanda in the amount of SDR 87.6 million (US$120 million equivalent) for the Rwanda Priority Skills for Growth Program-for-Results on the terms and conditions set out in the President’s Memorandum (IDA/R2017-0226, dated June 15, 2017). Mali - Grant - Improving Mali's Statistical System Project 3. The Executive Directors recorded their approval on July 6, 2017 of a grant to Mali in the amount of SDR 14.6 million (US$20 million equivalent) for the Improving Mali's Statistical System Project on the terms and conditions set out in the President’s Memorandum (IDA/R2017- 0235, dated June 16, 2017). Mozambique – Grant - National Statistics and Data for Development Project 4. The Executive Directors recorded their approval on July 6, 2017 of a grant to Mozambique in the amount of SDR 45.3 million (US$62 million equivalent for the National Statistics and Data for Development Project on the terms and conditions set out in the President’s Memorandum (IDA/R2017-0236, dated June 16, 2017). Senegal – Additional Credit –Urban Water and Sanitation Project 5. The Executive Directors recorded their approval on July 6, 2017 of an additional credit to Senegal in the amount of EUR 28.1 million (US$30 million equivalent) for the Urban Water and Sanitation Project on the terms and conditions set out in the President’s Memorandum (IDA/R2017-0237, dated June 16, 2017). 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. Lao People’s Democratic Republic – Additional Credit and Restructuring - Mekong Integrated Water Resources Management Phase 1 Project 6. The Executive Directors recorded their approval on July 6, 2017 of an additional credit and restructuring to Lao People’s Democratic Republic in the amount of SDR 18.3 million (US$25 million equivalent) for the Mekong Integrated Water Resources Management Phase 1 Project on the terms and conditions set out in the President’s Memorandum (IDA/R2017-0231, dated June 16, 2017). Lao People’s Democratic Republic –Credit - Lao PDR Southeast Asia Disaster Risk Management Project 7. The Executive Directors recorded their approval on July 6, 2017 of a credit to Lao People’s Democratic Republic in the amount of SDR 21.9 million (US$30 million equivalent) for the Lao PDR Southeast Asia Disaster Risk Management Project on the terms and conditions set out in the President’s Memorandum (IDA/R2017-0234, dated June 16, 2017). China - Guangdong Social Security Integration and Rural Worker Training Project - Restructuring 8. The Executive Directors recorded their approval on July 6, 2017 of the recommendation contained in paragraph 4 of the President’s Memorandum entitled “China - Guangdong Social Security Integration and Rural Worker Training Project – Proposal to Restructure� (R2017-0148, dated June 26, 2017). India –Trust Fund Grant from the Global Environment Facility - Ecosystem Services Improvement Project (ESIP) 9. The Executive Directors recorded their approval on July 6, 2017 of a trust fund grant from the Global Environment Facility to India in the amount of US$24.64 million for the Ecosystem Services Improvement Project (ESIP) on the terms and conditions set out in the President’s Memorandum (GEF/R2017-0012, dated June 21, 2017). ***************************************************************************** THE BOARD OF DIRECTORS OF MIGA Proposal for Appointment of MIGA Sanctions Board Members 10. The Board of Directors recorded their approval on July 6, 2017 of the recommendation contained in the President’s Memorandum entitled “Proposal for Appointment of MIGA Sanctions Board Members� (MIGA/R2017-0060, dated June 23, 2017). 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 EXECUTIVE DIRECTORS OF THE BANK AND IDA, THE BOARD OF DIRECTORS OF IFC AND THE BOARD OF DIRECTORS OF MIGA Minutes of Previous Meetings 14. The Executive Directors of the Bank and IDA and the Boards of Directors of IFC and MIGA recorded their approval on July 6, 2017 of the minutes of the meeting held on June 20, 2017 and the record of approval and authorizations between June 16, 2017 and June 20, 2017 (M2017-0029[IDA/M2017-0028, IFC/M2017-0027, MIGA/M2017-0023], dated June 27, 2017). 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.