lpstretbor! nd Development tAssociation 1E-'E ' For consideration on Thursday, January 6, 2000 iu CeS.i- f a E,'i - M99-62 IDA/M99-61 FROM: Vice President and Secretary December 15, 1999 Minutes of Meeting of the Executive Directors of the Bank and IDA held in the Board Room on Tuesday, November 30, 1999 at 10:08 a.m. 1. There were present: CHAIRMAN S. Sandstrom, Managing Director EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS K. Al-Aboodi (Alternate) R. Maino (Temporary Alternate) K. Al-Saad D. Merotto (Temporary Alternate) G. Binkert (Temporary Alternate) F. Neergaard (Temporary Alternate) E. Biskup (Alternate) T. O'Leary K. Delodder (Temporary Alternate) S. Oya (Temporary Alternate) G. Gaoseb K. Panov (Temporary Alternate) I. Haque C. Ramos (Alternate) K. Hlaing (Temporary Alternate) P. Samuel (Temporary Alternate) Z. Hurtic (Temporary Alternate) B.P. Singh N. Hyden B. Toure E: Jourcin (Temporary Alternate) S. Vori (Temporary Alternate) C. McCaffrey (Temporary Alternate) J. Zou (Alternate) ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS S. Ahmed M. Dhif This document has a, restricted disiibution and may be used by recipients only in the performance of tfle-ir official duties. Its contents may not otherwise be disclosed without World.Bank authorizatio-. 2 M99-62 IDA/M99-61 OFFICERS AND STAFF PARTICIPATING D. Khairallah, Deputy General Counsel J. Adams, Director, AFMTZ C. Fall, Vice President and Secretary G. Sengupta, AFTU1 C. Madavo, Vice President, AFR H. Denton, Corporate Secretariat Credit to Uganda - Local Government DevelopmentProgram 2. The Executive Directors considered the President's Memorandum and Recommendation (IDA/R99- 171 dated November 9, 1999) and approvedthe credit to the Republic of Uganda for a Local Government Development Program, in the amount of SDR 58.7 million (US$80.9 million equivalent) on the payment terms and other terms and conditions set out in the President's Memorandum. Credit to Benin - Private Sector Development Project 3. The Executive Directors approved the credit to the Republic of Benin for a Private Sector Development Project in the amount of SDR 22.2 million (US$30.4 million equivalent) on the payment terms and other terms and conditions set out in the President's Memorandum (IDA/R99- 173 dated November 9, 1999). Credit to Uganda - Second Economic and Financial Management Project 4. The Executive Directors approved the credit to the Republic of Uganda for a Second Economic and Financial Management Project in the amount of SDR 24.7 million (US$34.0 million equivalent) on the .payment terms and other terms and conditions set out in the President's Memorandum (IDA/R99-172 dated November 9, 1999). Loan to Lithuania - Health Project 5. The Executive Directors approved the loan to the Republic of Lithuania for a Health Project in the amount of US$21.2 million on the payment terms and other terms and conditions set out in the President's Memorandum (R99-206 dated November 10, 1999). Grant from GEF Trust Fund and Learning and Innovation Loan to Poland - Rural Environmental Protection Project 6. The Executive Directors approved the Grant from Global Environment Facility Trust Fund in the amount of US$3.0 million and the Learning Innovation Loan in the amount of US$2.5 million to Poland for a Rural Environmental Protection Project on the payment terms and other terms and conditions set out in the President's Memorandum (R99-205[GEF/R99-10] dated November 10, 1999). 3 M99-62 IDA/M99-61 Credit to Yemen - Privatization Support Project 7. The Executive Directors approved the credit to the Republic of Yemen for a Privatization Support Project in the amount of SDR 8.1 million (US$10.9 million equivalent) on the payment terms and other terms and conditions set out in the President's Memorandum(IDA/R99-176 dated November 10, 1999). Date of Next Meeting 8. It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on December 2, 1999. Adjournment 9. The meeting adjourned at 11:05 a.m. Distribution: Executive Directors and Alternates President Bank Group Senior Management Vice Presidents, Bank, IFC and MIGA Directors and Department Heads, Bank, IFC and MIGA