75092   FROM: Vice President and Corporate Secretary     Minutes of Joint 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 Tuesday, December 11, 2012, at 10:02 a.m.     1. There were present: CHAIR:   M. Mohieldin, Managing Director   EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:   A. Alkaffas (Alternate) D. Kalyalya   I. Alturki (Alternate) S. Kantor (Temporary Alternate) G. Balcytyte (Alternate) M.S. Kayad (Alternate)   D. Bohan (Alternate) B. Lvin (Temporary Alternate) O. Bougara M.-L. Morin   J.J. Bravo M. Muhtar A. Carmignani (Temporary Alternate) M.S. Pamuksuz (Alternate)   I.-K. Cho (Alternate) M.N. Prasad C.G. Forcieri I. Solomon   J. Frieden Y. Takamura (Alternate) B. Han (Alternate) R. Tan   I. Hoven R. Treffers J.-P. Julia (Alternate)   ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:   J. Harris W. Rissmann   P. Larose W. Szczuka R. Raineri M. Tareque   OFFICERS AND STAFF PARTICIPATING:     S. Suleymanov, Acting Corporate Secretary G. Murray, CEASY* H. Abushakra, Chief Counsel, LEGAM S. Suri, CEAR6* P. Cox, Vice President, EAPVP D. Cowen, IMF S. Koeberle, Director, EACIF G. Heenan, IMF S. Pimenta, Director, CEADR W. Schule, IMF L. Bailey, EACGF T. Duson, Corporate Secretariat M. Hagerstrom, EACIQ *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-   Papua New Guinea - Country Partnership Strategy   2. The Executive Directors discussed the joint IBRD-IDA-IFC-MIGA Country Partnership Strategy   for Papua New Guinea for the period FY2013-FY2016 (R2012-0233[IDA/R2012-0278, IFC/R2012-0355, MIGA/R2012-0070], dated November 15, 2012). (The Chair's Summing Up of the   discussion was subsequently distributed as SU2012-0035[IDA/SU2012-0037, IFC/SU2012-0036, MIGA/SU2012-0012], dated December 14, 2012.)   Indonesia - Country Partnership Strategy   3. The Executive Directors discussed the joint IBRD-IFC-MIGA Country Partnership Strategy for   Indonesia for the period FY2013-FY2015 (R2012-0232[IFC/R2012-0354, MIGA/R2012-0068], dated November 15, 2012). (The Chair's Summing Up of the discussion was subsequently distributed as   SU2012-0034 [IFC/SU2012-0035, MIGA/SU2012-0011], dated December 14, 2012.)   Minutes of Previous Meetings   4. The Executive Directors recorded their approvals on November 30, 2012 of the Minutes of the joint meeting held on November 1, 2012 (M2012-0078[IDA/M2012-0078, IFC/M2012-0069]); on   December 3, 2012 of the Minutes of the joint meeting held on November 13, 2012 (M2012-0080[IDA/M2012-0080, IFC/M2012-0072]); and, on December 4, 2012 of the Minutes of the   joint meeting held on November 6, 2012 (M2012-0079[IDA/M2012-0079, IFC/M2012-0071, MIGA/M2012-0039]).   Jordan - GEF Trust Fund Grant - Badia Ecosystem and Livelihoods Project   5. The Executive Directors recorded their approval on November 27, 2012 of the grant from the   Global Environment Facility (GEF) trust fund to Jordan for a Badia Ecosystem and Livelihoods Project in the amount US$3.33 million on the terms and conditions set out in the President’s Memorandum   (GEF/R2012-0023, dated November 8, 2012).   Gaza and West Bank Trust Fund Grant to the Palestine Liberation Organization (for the benefit of the Palestinian Authority) - Gaza Water Supply and Sewage Systems Improvement Project   6. The Executive Directors recorded their approval on November 27, 2012 of the grant from the   Trust Fund for Gaza and the West Bank to the Palestine Liberation Organization (for the benefit of the Palestinian Authority) for a Gaza Water Supply and Sewage Systems Improvement Project in the amount   of US$6.4 million on the terms  and conditions set out in the President’s Memorandum (IDA/R2012-0275, dated November 7, 2012). Albania - Loan - Water Resources and Irrigation Project 7. The Executive Directors recorded their approval on November 29, 2012 of the loan to Albania for a Water Resources and Irrigation Project in the amount of EUR 31 million (US$40 million equivalent) on the payment terms and other terms and conditions set out in the President’s Memorandum (R2012-0229, dated November 7, 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-   Tajikistan - Grant - Second Public Employment for Sustainable Agriculture and Water Resources   Management Project   8. The Executive Directors recorded their approval on November 29, 2012 of the grant to Tajikistan for a Second Public Employment for Sustainable Agriculture and Water Resources Management Project   in the amount of SDR 11.7 million (US$18 million equivalent) on the terms and conditions set out in the President’s Memorandum (IDA/R2012-0277, dated November 7, 2012).   Lao PDR – Grant - Second Trade Development Facility Project   9. The Executive Directors recorded their approval on December 4, 2012 of the grant to Lao PDR   for a Second Trade Development Facility Project in the amount of SDR 2.6 million (US$4 million equivalent) on the terms and conditions set out in the President’s Memorandum (IDA/R2012-0276, dated   November 12, 2012).   Vanuatu - GEF Trust Fund Grant - Increasing Resilience to Climate Change and Natural Hazards Project   10. The Executive Directors recorded their approval on December 4, 2012 of the grant from the   Global Environment Facility (GEF) trust fund to Vanuatu for an Increasing Resilience to Climate Change and Natural Hazards Project in the amount of US$5.58 million on the terms and conditions set out in the   President’s Memorandum (GEF/R2012-0021, dated November 15, 2012).   Peru - Loan - Higher Education Quality Improvement Project   11. The Executive Directors recorded their approval on December 4, 2012 of the loan to Peru for a Higher Education Quality Improvement Project in the amount of US$25 million on the payment terms   and other terms and conditions set out in the President’s Memorandum (R2012-0231, November 12, 2012).   FYR Macedonia - Country Partnership Strategy Progress Report   12. The Executive Directors recorded their noting on November 28, 2012 of the joint IBRD-IFC   Country Partnership Strategy Progress Report for the former Yugoslav Republic of Macedonia for the period FY2011-FY2014 (R2012-0230; /1 [IFC/R2012-0345]; /1, dated November 5 and November 27,   2012, respectively).     Kyrgyz Republic - Second Rural Water Supply and Sanitation Project - Proposal to Restructure 13. The Executive Directors recorded their approval on November 29, 2012 of the recommendation contained in paragraph 5 of the President's Memorandum entitled "Kyrgyz Republic - Second Rural Water Supply and Sanitation Project - Proposal to Restructure" (IDA/R2012-0284, dated November 16, 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.    -4-   Award Invitation: “Pride of Korea” Award for Dr. Kim by the Journalists Federation of Korea   (JFK) – Acceptance by Dr. Kim   14. The Executive Directors recorded their approval on November 30, 2012 of the proposal contained in the Memorandum from the Vice President and Corporate Secretary entitled "Award Invitation: “Pride   of Korea” Award for Dr. Kim by the Journalists Federation of Korea (JFK) - Acceptance by Dr. Kim" (R2012-0251, dated November 28, 2012), namely, that Dr. Kim accept the award.   Madagascar – Integrated Growth Poles Project – Proposal to Restructure   15. The Executive Directors recorded their approval on December 4, 2012 of the recommendation   contained in paragraph 4 of the President's Memorandum entitled "Madagascar – Integrated Growth Poles Project - Proposal to Restructure" (IDA/R2012-0285, dated November 21, 2012). Mr. Solomon (via email   dated December 4, 2012) wished to be recorded as opposed.   Amendments to the General Investment Authorizations of the Bank and the Association   16. The Executive Directors recorded their approval on December 5, 2012 of the recommendation contained in paragraph 15 of the President's Memorandum entitled "Amendments to the General   Investment Authorizations of the Bank and the Association" (R2012-0244[IDA/R2012-0288], dated November 26, 2012), namely, amending the General Investment Authorizations of the Bank and the   Association, and adopting the resolutions, respectively, as follows:   INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT   RESOLUTION NO. 2012-0008   General Investment Authorization   WHEREAS it is desirable that the International Bank for Reconstruction and Development (the “Bank”) invest all or any part of the monies held by it from time to time   and not immediately required for use in its operations;   NOW THEREFORE BE IT RESOLVED AS FOLLOWS:   1. Subject to any governmental approval required and to the limitations set forth in paragraph 4 of this Resolution, the Bank is hereby authorized to enter into any of the   following transactions:  (a) the purchase and sale of marketable bonds, notes and other obligations issued or unconditionally guaranteed by governments of countries or other official entities, including without limitation the agencies and instrumentalities of the government of a country, or by multilateral organizations; 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.    -5-   (b) the purchase and sale of certificates of deposit evidencing time deposits, bankers’   acceptances and other obligations issued or unconditionally guaranteed by banks and other financial institutions, including international financial institutions and   central banks;   (c) the sale of federal funds in the United States interbank market through United States Federal Reserve Banks;   (d) the purchase and sale of marketable bonds, notes and other debt obligations or   debt securities (including asset-backed securities) issued or unconditionally guaranteed by corporate entities or trusts;   (e) the purchase and sale of financial futures and option contracts and other   derivative and associated instruments, and the entry into forward rate agreements, relating to Investments (as hereinafter defined) authorized by this Resolution;   (f) the lending, against adequate collateral, and the borrowing of securities which the   Bank has obtained or is authorized to obtain in accordance with this Resolution;   (g) the repurchase and reverse repurchase, in each case receiving adequate margin protection, of securities which the Bank has obtained or is authorized to obtain in   accordance with this Resolution;   (h) swap transactions, options to enter into swap transactions in the future (swaptions), and foreign exchange transactions, relating to Investments (as   hereinafter defined) authorized by this Resolution;   (i) investments in money market funds or funds comprised of Investments (as hereinafter defined) authorized by this Resolution;   (j) the acquisition of Collateral Assets (as hereinafter defined) in connection with a   forward sale or transfer agreement, whether executed as a swap, repurchase, resale, securities lending, or equivalent transaction, in each case receiving   adequate margin protection; and   (k) such other transactions as may be expressly authorized by the Executive Directors of the Bank.     All cash and all securities, deposits, futures and option contracts and other obligations (including the sale of federal funds) obtained through any of these transactions shall be referred to collectively as “Investments,” which term shall include any long or short position held by the Bank and any securities loan. Any of the Investments may be made on a cash basis, subject to customary settlement procedures, on a when-issued basis or for forward delivery. As used in this Resolution, “official entity” means a governmental body or another entity, other than a multilateral organization, that has been established to serve a governmental purpose. 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.    -6-   Marketable equity securities, marketable commodities, and marketable bonds,   notes, and other obligations issued or unconditionally guaranteed by governments of countries and other official entities, agencies and instrumentalities thereof, states and   municipalities, multilateral organizations, banks and other financial institutions, and corporate entities and trusts shall be referred to collectively as “Collateral Assets”.   2. To ensure the efficient operation of its cash management and investment   transactions, the Bank, subject to any governmental approval required, is hereby authorized:   (a) to borrow from commercial banks and other financial institutions, for periods of   up to thirty days, in any currency or currency unit; and   (b) to engage in offset borrowings from commercial banks and other financial institutions in order to reverse all or a part of any Investments made with such   commercial banks and other financial institutions under paragraphs 1(b) and (c) of this Resolution, for periods up to the then remaining term of such Investments.   3. The terms and conditions of each transaction authorized hereby shall be as   determined by any Authorized Officer, and any Authorized Officer is hereby authorized in connection with any such transaction, in the name and on behalf of the Bank:   (a) to open and operate such demand, time deposit, custody, customer and margin   accounts with central banks, commercial banks and other financial institutions as shall be necessary or advisable in order to carry on its operations; and   (b) to enter into such agreements and to execute such other instruments and   documents as shall be necessary or advisable in order to carry out the purposes of this Resolution.   4. The authority granted by this Resolution shall be subject to the following   limitations:   (a) Obligations referred to in paragraph 1(a) of this Resolution shall be eligible Investments:   (i) when issued or unconditionally guaranteed by the government of a country     in the currency of such country; (ii) when issued or unconditionally guaranteed by the government of a country in another currency or any currency unit, provided that: (A) such country has not received any new Bank loans or International Development Association credits during the five-year period preceding the transaction; and (B) the obligation is equivalent in credit standing to AA-rated securities in the United States market; and 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.    -7-   (iii) when issued or unconditionally guaranteed by the agency or instrumentality   of a government of a country, by any other official entity or by a multilateral organization in any currency or currency unit, provided that the obligation is   equivalent in credit standing to AA-rated securities in the United States market.   (b) Transactions referred to in paragraphs 1(b) and (c) of this Resolution shall only be   permitted   (i) when the senior debt securities of the bank or other financial institution involved in the transaction are equivalent in credit standing to A-rated   securities in the United States market (or to securities rated A-1 or P-1 when maturing in less than 13 months), unless the Vice President and Treasurer of   the Bank determines that in a particular country there is no reasonable interest-bearing alternative to investing in obligations of financial institutions   whose senior debt securities are lower-rated or non-rated; or   (ii) in the case of international financial institutions and central banks that are not rated and that do not issue debt securities, when the credit standing of the   institution is equivalent to the credit limits set forth in paragraph 4(b)(i) of this Resolution;   (c) Obligations or securities referred to in paragraph 1(d) of this Resolution shall be   permitted only when such obligations or securities are equivalent in credit standing to AAA-rated securities in the United States market (or to securities rated   A-1 or P-1 when maturing in less than 13 months);   (d) Investments in money market funds referred to in paragraph 1(i) of this Resolution shall be permitted only when such funds invest in high credit quality   securities similar to the investments held by AAA-rated funds in the United States or other markets. Investments in other funds referred to in paragraph 1(i) of this   Resolution shall be permitted only when such funds invest solely in Investments authorized by this Resolution, subject to all of the limitations set forth in this   paragraph 4;   (e) Transactions referred to in paragraph 1(j) of this Resolution shall be permitted only when:     (i) each entry into a transaction involving a Collateral Asset is matched by a forward sale or other transfer commitment under which the subsequent sale or transfer price of the relevant Collateral Asset is fixed or predetermined in advance; and (ii) each transaction involving a Collateral Asset includes provisions for adequate margin protection; 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.    -8-   (f) Transactions referred to in paragraphs 1(a), (b), and (d) through (j) of this   Resolution shall only be permitted with governments of countries, other official entities, multilateral organizations, banks, securities dealers, other financial   institutions, and funds approved by the Group Chief Financial Officer; and   (g) At any time, the average duration of all Investments shall not be longer or shorter than the average duration of the liabilities funding the Investments by more than   twenty-four months.   5. The Bank is authorized to engage one or more asset management firms and other financial institutions for the purpose of managing and supervising the investment of all or   part of the monies held by the Bank.   6. The Bank is authorized to invest the special reserve provided for in Section 6 of Article IV of the Articles of Agreement in bonds, notes and other obligations issued or   guaranteed by the Government of the United States of America or any agency or instrumentality thereof and denominated in United States dollars.   7. The foregoing provisions shall also apply separately to the investment of funds   administered by the Bank for the account of other parties, subject to any specific instructions provided for in the respective agreements governing the administration of   such funds. For the avoidance of doubt, the duration limit set forth in paragraph 4(g) of this Resolution shall not apply to the investment of funds administered by the Bank for the   account of other parties if such investments are not funded by liabilities.   8. As used herein, the term “Authorized Officer” means any of the following officers of the Bank, acting jointly or severally, in the name and on behalf of the Bank: (a) the   President; the Group Chief Financial Officer or any Managing Director; the Vice President and Treasurer; the Vice President and General Counsel; any Deputy General   Counsel; the Director, Investment Management Department; the Director, Pension and Endowments Department; the Director, Treasury Operations Department; the Chief   Counsel, Corporate Finance Practice Group; and any person designated to act in an official capacity for any such officer in his or her absence, and (b) any other officer of the   Bank designated in writing for this purpose by the President; the Group Chief Financial Officer or any Managing Director; the Vice President and Treasurer; the Director,   Investment Management Department; Director, Pension and Endowments Department; the Director, Treasury Operations Department; and any person designated to act in an official   capacity for any of the  foregoing officers in his or her absence. 9. This Resolution supersedes Resolution No. 2008-0015, adopted by the Executive Directors of the Bank on September 25, 2008. 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.    -9-   INTERNATIONAL DEVELOPMENT ASSOCIATION   RESOLUTION NO. IDA 2012-0005   General Investment Authorization   WHEREAS it is desirable that the International Development Association (the   “Association”) invest all or any part of the monies held by it from time to time and not immediately required for use in its operations;   NOW THEREFORE BE IT RESOLVED AS FOLLOWS:   1. Subject to any governmental approval required and to the limitations set forth in   paragraph 4 of this Resolution, the Association is hereby authorized to enter into any of the following transactions:   (a) the purchase and sale of marketable bonds, notes and other obligations issued or   unconditionally guaranteed by governments of countries or other official entities, including without limitation the agencies and instrumentalities of the government   of a country, or by multilateral organizations;   (b) the purchase and sale of certificates of deposit evidencing time deposits, bankers' acceptances and other obligations issued or unconditionally guaranteed by banks   and other financial institutions, including international financial institutions and central banks;   (c) The sale of federal funds in the United States interbank market through United   States Federal Reserve Banks;   (d) the purchase and sale of marketable bonds, notes and other debt obligations or debt securities (including asset-backed securities) issued or unconditionally   guaranteed by corporate entities or trusts;   (e) the purchase and sale of financial futures and option contracts and other derivative and associated instruments, and the entry into forward rate agreements,   relating to Investments (as hereinafter defined) authorized by this Resolution;   (f)   the lending, against adequate collateral, and the borrowing of securities which the Association has obtained or is authorized to obtain in accordance with this Resolution; (g) the repurchase and reverse repurchase, in each case receiving adequate margin protection, of securities which the Bank has obtained or is authorized to obtain in accordance with this Resolution; 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.    - 10 -   (h) swap transactions, options to enter into swap transactions in the future (swaptions)   and foreign exchange transactions, relating to Investments (as hereinafter defined) authorized by this Resolution;   (i) investments in money market funds or funds comprised of Investments (as   hereinafter defined) authorized by this Resolution;   (j) the acquisition of Collateral Assets (as hereinafter defined) in connection with a forward sale or transfer agreement, whether executed as a swap, repurchase,   resale, securities lending, or equivalent transaction, in each case receiving adequate margin protection; and   (k) such other transactions as may be expressly authorized by the Executive Directors   of the Association.   All cash and all securities, deposits, futures and option contracts and other obligations (including the sale of federal funds) obtained through any of these transactions   shall be referred to collectively as “Investments,” which term shall include any long or short position held by the Association and any securities loan. Any of the Investments   may be made on a cash basis, subject to customary settlement procedures, on a when-issued basis or for forward delivery. As used in this Resolution, “official entity”   means a governmental body or another entity, other than a multilateral organization, that has been established to serve a governmental purpose.   Marketable equity securities, marketable commodities, and marketable bonds,   notes, and other obligations issued or unconditionally guaranteed by governments of countries and other official entities, agencies and instrumentalities thereof, states and   municipalities, multilateral organizations, banks and other financial institutions, and corporate entities and trusts shall be referred to collectively as “Collateral Assets”.   2. To ensure the efficient operation of its cash management and investment   transactions, the Association, subject to any governmental approval required, is hereby authorized:   (a) to borrow from commercial banks and other financial institutions, for periods of   up to thirty days, in any currency or currency unit; and     (b) to engage in offset borrowings from commercial banks and other financial institutions in order to reverse all or a part of any Investments made with such commercial banks and other financial institutions under paragraphs 1(b) and (c) of this Resolution, for periods up to the then remaining term of such Investments. 3. The terms and conditions of each transaction authorized hereby shall be as determined by any Authorized Officer, and any Authorized Officer is hereby authorized in connection with any such transaction, in the name and on behalf of the Association: 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.    - 11 -   (a) Obligations referred to in paragraph 1(a) of this Resolution shall be eligible   Investments:   (i) when issued or unconditionally guaranteed by the government of a country in the currency of such country;   (ii) when issued or unconditionally guaranteed by the government of a country   in another currency or any currency unit, provided that: (A) such country has not received any new International Bank for Reconstruction and   Development loans or Association credits during the five-year period preceding the transaction; and (B) the obligation is equivalent in credit   standing to AA-rated securities in the United States market; and   (iii) when issued or unconditionally guaranteed by the agency or instrumentality of a government of a country, by any other official entity or by a multilateral   organization in any currency or currency unit, provided that the obligation is equivalent in credit standing to AA-rated securities in the United States   market.   (b) Transactions referred to in paragraphs l(b) and (c) of this Resolution shall only be permitted   (i) when the senior debt securities of the bank or other financial institution   involved in the transaction are equivalent in credit standing to A-rated securities in the United States market (or to securities rated A-1 or P-1 when   maturing in less than 13 months), unless the Vice President and Treasurer of the Association determines that in a particular country there is no reasonable   interest-bearing alternative to investing in obligations of financial institutions whose senior debt securities are lower-rated or non- rated; or   (ii) in the case of international financial institutions and central banks that are   not rated and that do not issue debt securities, when the credit standing of the institution is equivalent to the credit limits set forth in paragraph 4(b)(i)   of this Resolution;   (c) Obligations or securities referred to in paragraph l(d) of this Resolution shall be permitted only when such obligations or securities are equivalent in credit     standing to AAA-rated securities in the United States market (or to securities rated A-1 or P-1 when maturing in less than 13 months); (d) Investments in money market funds referred to in paragraph 1(i) of this Resolution shall be permitted only when such funds invest in high credit quality securities similar to the investments held by AAA-rated funds in the United States or other markets. Investments in other funds referred to in paragraph 1(i) of this Resolution shall be permitted only when such fund invest solely in Investments authorized by this Resolution, subject to all of the limitations set forth in this paragraph 4; 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.    - 12 -   (e) Transactions referred to in paragraph 1(j) of this Resolution shall be permitted   only when:   (i) each entry into a transaction involving a Collateral Asset is matched by a forward sale or other transfer commitment under which the subsequent sale   or transfer price of the relevant Collateral Asset is fixed or predetermined in advance; and   (ii) each transaction involving a Collateral Asset includes provisions for   adequate margin protection;   (f) Transactions referred to in paragraphs 1(a), (b), and (d) through (j) of this Resolution shall only be permitted with governments of countries, other official   entities, multilateral organizations, banks, securities dealers, other financial institutions, and funds approved by the Group Chief Financial Officer.   5. The Association is authorized to engage one or more asset management firms and   other financial institutions for the purpose of managing and supervising the investment of all or part of the monies held by the Association.   6. The foregoing provisions shall also apply separately to the investment of funds   administered by the Association for the account of other parties, subject to any specific instructions provided for in the respective agreements governing the administration of   such funds.   7. As used herein, the term "Authorized Officer'' means any of the following officers of the Association, acting jointly or severally, in the name and on behalf of the   Association: (a) the President; the Group Chief Financial Officer or any Managing Director; the Vice President and Treasurer; the Vice President and General Counsel; any   Deputy General Counsel; the Director, Investment Management Department; the Director, Pension and Endowments Department; the Director, Treasury Operations Department; the   Chief Counsel, Corporate Finance Practice Group; and any person designated to act in an official capacity for any such officer in his or her absence, and (b) any other officer of the   Association designated in writing for this purpose by the President; the Group Chief Financial Officer or any Managing Director; the Vice President and Treasurer; the   Director, Investment Management Department; the Director, Pension and Endowments Department; the Director, Treasury Operations Department; and any person designated to     for any of the foregoing officers in his or her absence. act in an official capacity 8. This Resolution supersedes Resolution No. IDA 2008-0009, adopted by the Executive Directors of the Association on September 25, 2008. 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.    - 13 -   Date of Next Meeting   17. It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Thursday,   December 13, 2012.   Adjournment   18. The meeting adjourned at 11:30 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.