74556
 
    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 Thursday, November 15, 2012, at 12:42 p.m.

 

  1.        There were present:
                                                                CHAIR:
 
                                                M. Mohieldin, Managing Director
 
    EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:
 
  A. Alkaffas (Alternate)           R.    Hernandez (Temporary Alternate)
  L.K. Atheeq (Temporary Alternate) S.    James (Alternate)
  I. Alturki (Alternate)            D. Kalyalya
  G. Alzetta                        K. Morais (Temporary Alternate)
  S. Annamalai                      M.-L. Morin
  S. Aviel (Alternate)              N. Mota Pinto (Alternate)
  M. Ayesu (Temporary Alternate)    G. Mukai (Temporary Alternate)
  A. Azizyan (Temporary Alternate)  W. Rissmann (Alternate)
  B.-S.Barry (Temporary Alternate)  W. Szczuka (Alternate)
  A. Brandt                         R.    Tan
  A. Fayolle                        C.    Thompson (Temporary Alternate)
  C.G. Forcieri                     S.    Yang
  V. Grishin
 
  ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:
 
  G. Balcytyte                      M.S. Pamuksuz
  E. Miagkov                        R.    Raineri

                        
  OFFICERS AND STAFF PARTICIPATING:

    E.     Marmolo, Acting Corporate Secretaru                  J.     Zutt, Director, AFCE2
    H.     Abushakra, Lead Counsel, LEGAM                       Y.     Mascaro, AFTFE
    J.D.   Lewis, Director, PRMED                               N.     Rukuba-Ngaiza, LEGAM
    J.     Walliser, Director, AFRVP                            R.     Krech, Corporate Secretary




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-



  Kenya - Adaptable Program Lending (Credit) - Infrastructure Finance Public-Private Partnerships
  Project (APL Phase 1)
 
  2.       The Executive Directors considered the President’s Memorandum and Recommendation
  (IDA/R2012-0266, dated November 2, 2012) and approved the credit to Kenya for an Infrastructure
  Finance Public-Private Partnerships Project (APL Phase 1) in the amount of SDR 26.4 million (US$40
  million equivalent) on the payment terms and other terms and conditions set out in the President’s
  Memorandum. The adaptable program lending supports the first phase of a two-phase
  Infrastructure Finance Public-Private Partnerships Program.

  Kenya - Credit - Judicial Performance Improvement Project

  3.      The Executive Directors considered the President’s Memorandum and Recommendation
  (IDA/R2012-0271, dated October 26, 2012) and approved the credit to Kenya for a Judicial Performance
  Improvement Project in the amount of SDR 78.9 million (US$120 million equivalent) on the payment
  terms and other terms and conditions set out in the President’s Memorandum.
 
  Oral Briefing on Post-G20 Meeting
 
  4.      Management briefed the Executive Directors on the outcome of the Meeting of G20 Finance
  Ministers and Central Bank Governors in Mexico City, Mexico (November 4-5, 2012).

  Minutes of Previous Meetings

  5.      The Executive Directors recorded their approvals on November 8, 2012 of the Minutes of the
  joint meeting held on October 23, 2012 (M2012-0076[IDA/M2012-0076, IFC/M2012-0067,
  MIGA/M2012-0037]); and, on November 9, 2012, of the Minutes of joint meetings held on September
  25, 2012 (M2012-0072[IDA/M2012-0072, IFC/M2012-0062, MIGA/M2012-0035]), October 18, 2012
  (M2012-0075[IDA/M2012-0075, IFC/M2012-0066]), and October 25, 2012
  (M2012-0077[IDA/M2012-0077, IFC/M2012-0068, MIGA/M2012-0038]).
 
  Vietnam - Development Policy Credit - Second Climate Change Development Policy Operation
 
  6.      The Executive Directors recorded their approval on November 8, 2012 of a Second Climate
  Change Development Policy Credit to Vietnam in the amount of SDR 46 million (US$70 million
  equivalent) on the payment terms and other terms and conditions set out in the President’s Memorandum
  (IDA/R2012-0261, dated October 17, 2012).

  Board Effectiveness Reforms  – Poverty Reduction Strategy Papers (PRSPs) and Joint Staff
  Advisory Notes (JSANs)

    7.      The Executive Directors recorded their approval on November 12, 2012 of the recommendations
    contained in paragraph 2 of the Memorandum from the Chairman of the Committee on Governance and
    Executive Directors' Administrative Matters entitled "Board Effectiveness Reforms – Poverty Reduction
    Strategy Papers (PRSPs) and Joint Staff Advisory Notes (JSANs)" (R2012-0225[IDA/R2012-0273,
    IFC/R2012-0341, MIGA/R2012-0066], dated November 1, 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-



 
    Date of Next Meeting
 
  8.    It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Tuesday,
  November 20, 2012.

  Adjournment

  9.        The meeting recessed at 1:20 p.m., reconvened at 2:35 p.m. and adjourned at 3:18 p.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.