72030
  FROM:        Vice President and Corporate Secretary

 

                    Minutes of Joint Meeting of the Executive Directors of the Bank and IDA,
                                      and the Board of Directors of IFC,
                       held in the Board Room on Tuesday, July 10, 2012, at 10:04 a.m.

 

  1.        There were present:
                                                                CHAIR:
 
                                                         J.Y. Kim, President
 
    EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:
 
  A. Almofadhi                                 H. Manao
  E. Bonaccorsi di Patti (Temporary Alternate) A. Mendes Dias
  A. Brandt                                    R.    Mokate
  F.A.  Camarasa                               S.    Moorehead
  I.-K. Cho (Alternate)                        M.-L. Morin
  S. Dib (Alternate)                           M.N. Prasad
  A. Fayolle                                   I.    Solomon
  J. Frieden                                   R.    Studart
  M. Garcia                                    H.A. Taha
  V. Grishin                                   Y. Takamura (Alternate)
  M. Hasan                                     R.    Treffers
  I. Hoven                                     S.    Yang
  K. Huber
 
  ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:
  I. Alturki                        M.S.Kayad
  K. Aminul Islam                   M. Muhtar
  S. Aviel                          S. Nanu
  J.J. Bravo                        W. Rissmann
  V. Daza Foronda                   W. Szczuka
  S. James
                        
  OFFICERS AND STAFF PARTICIPATING:

    M.    Mohieldin, Managing Director                          R.     Kyte, Vice President, SDNVP
    R.-R. Kaldany, Acting Executive                             H.     Tuluy, Vice President, LCRVP
          Vice President, IFC                                   M.     Barton-Dock, Director, ENV
    J.    Familiar, Vice President                              G.     Grandolini, Director, LCC1C
          and Corporate Secretary                               E.     Dickson, LCSDU
    A.-M. Leroy, Senior Vice President and                      E.     Ijjasz-Vasquez, Director, LCSSD
          Group General Counsel, LEGVP                          B.     Geiser, Corporate Secretariat



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-


  Welcome to World Bank Group President

  2.      On the occasion of Mr. Kim's first meeting with the Board of Executive Directors,
  Mr. Almofadhi, speaking on behalf of his colleagues, welcomed Mr. Jim Yong Kim as Chair of the Board
  and President of the World Bank Group . Mr. Kim in turn expressed his pleasure at becoming associated
  with the Executive Directors.
 
  Colombia - Development Policy Lending (Loan) - Second Disaster Risk Management Development
  Policy Operation With a Catastrophe Deferred Drawdown Option (CAT DDO)

  3.      The Executive Directors considered the President's Memorandum and Recommendation
  (R2012-0136, dated June 15, 2012) and approved the Second Disaster Risk Management Development
  Policy Loan with a Catastrophe Deferred Drawdown Option (CAT DDO) to Colombia in the amount of
  US$250 million on the payment terms and other terms and conditions set out in the President’s
  Memorandum.

  Oral Briefing - Rio Plus 20

  4.      Management briefed the Executive Directors on the outcomes of the June 2012 "Rio Plus 20"
  summit held in Rio de Janeiro, Brazil, and updated the Directors on the Bank Group's work program.
 
  Date of Next Meeting
 
  5.      It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Thursday,
  July 12, 2012.

  Adjournment

  6.        The meeting was adjourned at 12:12 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.