73238   FROM: Vice President and Corporate Secretary     Minutes of Meeting of the Executive Directors of the Bank and IDA, held in the Board Room on Thursday, September 20, 2012, at 10:04 a.m.       1. There were present: CHAIR:   S.M. Indrawati, Managing Director   EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:   K. Alkhudairy (Temporary Alternate) L. Laraia (Temporary Alternate)   Z. Allawi (Temporary Alternate) D. Malaspina Hernandez (Temporary Alternate) S. Aviel (Alternate) H. Manao   M. Ayesu (Temporary Alternate) E. Miagkov (Alternate) G. Balcytyte (Alternate) R. Mokate   V. Dhanpaul (Alternate) W. Rissmann (Alternate) G. Ferrari (Temporary Alternate) H. Suzuki   J. Frieden H.A. Taha K. Huber M. Tareque (Alternate)   S. James (Alternate) R. Treffers J.-P. Julia (Alternate) M. Willcock (Temporary Alternate)   M.S. Kayad (Alternate) F. Zang (Temporary Alternate) E. Kearns (Temporary Alternate)   ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:   D. Kalyalya M. Muhtar   OFFICERS AND STAFF PARTICIPATING:   E. Marmolo, Acting Corporate Secretary M.B. El-Hefnawy, ECSTR     A.-M. Leroy, Senior Vice President and J. Panzer, AFTP1 Group General Counsel, LEGVP S. Rojid, AFTP1* M. Diop, Vice President, AFRVP A. Schliessler, ECSTR P. Le Houerou, Vice President, ECAVP T. Sulukhia, ECSSD* H. Bridi, Director, AFCS4* C. Baker, IMF Q. Fan, Director, ECCU2* T. Roy, IMF B. Bidani, ECSP3 T. Duson, Corporate Secretariat *Via Videoconference 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-   Seychelles - Development Policy Loan - First Sustainability and Competitiveness Development Policy Operation   2. The Executive Directors considered the President's Memorandum and Recommendation   (R2012-0182, dated August 28, 2012) and approved the First Sustainability and Competitiveness Development Policy Loan to Seychelles in the amount of US$7 million on the payment terms and other   terms and conditions set out in the President’s Memorandum.   Ukraine - Loan - Second Road and Safety Improvement Project   3. The Executive Directors considered the President's Memorandum and Recommendation Ukraine (R2012-0181, dated August 30, 2012) and approved the loan to Ukraine for a Second Road and Safety   Improvement Project in the amount of US$450 million on the payment terms and other terms and conditions set out in the President’s Memorandum.   Liberia - Additional Financing Credit and Proposal to Restructure - Road Asset Management   Project   4. The Executive Directors approved the proposal to restructure and the additional financing credit to Liberia for a Road Asset Management Project in the amount of SDR 33 million (US$50 million   equivalent) on the payment terms and other terms and conditions set out in the President’s Memorandum (IDA/R2012-0212, dated August 30, 2012).   Croatia - Croatian Bank for Reconstruction and Development, With the Guarantee of Croatia -   Additional Financing Loan and Proposal to Restructure - Export Finance Intermediation Loan Project   5. The Executive Directors approved the proposal to restructure and the additional financing loan to   the Croatian Bank for Reconstruction and Development, with the guarantee of Croatia, for an Export Finance Intermediation Loan Project in the amount of EUR 50 million (US$61.41 million equivalent) on   the payment terms and other terms and conditions set out in the President’s Memorandum (R2012-0171, dated August 30, 2012).   Russian Federation - Loan - Forest Fire Response Project   6. The Executive Directors approved the loan to the Russian Federation for a Forest Fire Response   Project in the amount of US$40 million on the payment terms and other terms and conditions set out in the President’s Memorandum (R2012-0176, dated August 30, 2012).     Bangladesh - Credit - Rural Electrification and Renewable Energy Development II Project 7. The Executive Directors approved the credit to Bangladesh for a Rural Electrification and Renewable Energy Development II Project in the amount of SDR 102.8 million (US$155 million equivalent) on the payment terms and other terms and conditions set out in the President’s Memorandum (IDA/R2012-0207, dated August 30, 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-   Bangladesh - Credit - Leveraging ICT for Growth, Employment and Governance Project   8. The Executive Directors approved the credit to Bangladesh for a Leveraging ICT for Growth, Employment and Governance Project in the amount of SDR 44.2 million (US$70 million equivalent) on   the payment terms and other terms and conditions set out in the President’s Memorandum (IDA/R2012-0208, dated August 30, 2012).   Bangladesh - Credit - Second Rural Transport Improvement Project   9. The Executive Directors approved the credit to Bangladesh for a Second Rural Transport   Improvement Project in the amount of SDR 195 million (US$302 million equivalent) on the payment terms and other terms and conditions set out in the President’s Memorandum (IDA/R2012-0211, dated   August 30, 2012).   Minutes of Previous Meetings   10. The Executive Directors recorded their approvals on September 4, 2012 of the Minutes of the meeting held on June 26, 2012 (M2012-0050 [IDA/M2012-0050]), and on September 10, 2012 of the   Minutes of the meeting held on July 26, 2012 (M2012-0061[IDA/M2012-0061]).   Inspection Panel - India - Vishnugad Pipalkoti Hydro Electric Project - Second Request for Postponement of the Management Response   11. The Executive Directors recorded their approval on September 17, 2012 of the recommendation   contained in paragraph 3 of the Memorandum from the Vice President and Corporate Secretary entitled "Inspection Panel - India - Vishnugad Pipalkoti Hydro Electric Project - Second Request for   Postponement of the Management Response" (R2012-0167/1, dated September 6, 2012), namely, that the deadline for completion of the Management Response will be extended until October 24, 2012.   Date of Next Meeting   12. It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Tuesday,   September 25, 2012.   Adjournment   13. The meeting adjourned at 11:06 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.