76006   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, February 19, 2013, at 10:02 a.m.     1. There were present: CHAIR:   S.M. Indrawati, Managing Director   EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:   A. Alkaffas (Alternate) S. Katash (Temporary Alternate)   I. Alturki (Alternate) L. Laraia (Temporary Alternate) S. Annamalai P. Larose (Alternate)   S. Aviel (Alternate) W. Liu (Weihua) (Temporary Alternate) M. Ayesu (Temporary Alternate) A. Lourenco (Alternate)   A. Brandt A. Mendes Dias J.J. Bravo M.-L. Morin   I.-K. Cho (Alternate) G. Mukai (Temporary Alternate) A. Fayolle S. Nanu (Alternate)   C.G. Forcieri M.S. Pamuksuz (Alternate) J. Frieden M.N. Prasad   G. Hines R. Studart (Alternate) I. Hoven   ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:   G. Balcytyte R. Raineri J.-P. Julia W. Szczuka   M.S. Kayad   OFFICERS AND STAFF PARTICIPATING:   J.   and Familiar, Vice President P. Baringanire, AFTG1 Corporate Secretary J. Cretegny, CAFW3* A.-M. Leroy, Senior Vice President and F. Douamba, CAFSC* Group General Counsel, LEGVP E.P. English, AFTP4* M. Diop, Vice President, AFRVP D. Papathanasiou, AFTSN* B. Sheahan, Director, CN2DR B. Arnason, IMF V. Songwe, Director, AFCF1 P. Drummond, IMF J. Walliser, Director, AFRVP H. Joly, IMF J. Zutt, Director, AFCE2 L. Tacher, 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-   Rwanda - Additional Financing Credit - Electricity Access Scale-up and Sector Wide Approach (SWAp) Development Project   2. The Executive Directors considered the President's Memorandum and Recommendation   (IDA/R2013-0009, dated January 29, 2013) and approved the additional financing credit to Rwanda for an Electricity Access Scale-up and Sector Wide Approach (SWAp) Development Project in the amount of   SDR 39 million (US$60 million equivalent) on the payment terms and other terms and conditions set out in the President’s Memorandum.   Senegal - Country Partnership Strategy   3. The Executive Directors discussed the joint IDA/IFC/MIGA Country Partnership Strategy for   Senegal for the period FY2013-FY2017 (IDA/R2013-0011[IFC/R2013-0017, MIGA/R2013-0005], dated January 25, 2013). (The Chair’s Summing Up of the discussion was subsequently distributed as   IDA/SU2013-0002[IFC/SU2013-0002, MIGA/SU2013-0002]; /2, dated February 21 and February 27, 2013, respectively.)   Minutes of Previous Meetings   4. The Executive Directors recorded their approvals on February 1, 2013 of the Minutes of the joint   meeting held on January 8, 2013 (M2013-0007[IDA/M2013-0007, IFC/M2013-0008, MIGA/M2013-0005]); and, on February 5, 2013 of the Minutes of the joint meeting held on December   11, 2012 (M2013-0003[IDA/M2013-0003, IFC/M2013-0004, MIGA/M2013-0002]).   Death of Alden W. Clausen, President of the World Bank Group, 1981-1986   5. The Executive Directors of the Bank and IDA and the Boards of Directors of IFC and MIGA adopted the following resolution (R2013-0012/1[IDA/R2013-0010/1, IFC/R2013-0016/1,   MIGA/R2013-0004/1], dated January 25 and February 8, 2013, respectively) in remembrance of former World Bank Group President, Mr. Alden Winship "Tom" Clausen:     Resolution No. IBRD 2013-0002 Resolution No. IDA 2013-0001   Resolution No. IFC 2013-0009 Resolution No. MIGA 2013-0001      Death of Mr. Alden Winship "Tom" Clausen RESOLVED: THAT on the occasion of his death, the Executive Directors of the International Bank for Reconstruction and Development and of the International Development Association and the Boards of Directors of the International Finance Corporation and the Multilateral Investment Guarantee Agency recall the distinguished and dedicated services rendered by Mr. Alden Winship "Tom" Clausen as President and Chairman of the Board from 1981 to 1986. 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-   Mr. Clausen was a strong supporter of advancing the agenda of developing   countries and while at the helm of the World Bank Group, provided steady leadership during the 1980's global economic recession. While the   international capital markets kept the interest rates high, he lowered the cost of borrowing from the World Bank Group for developing countries and made   crucial and long lasting internal reforms to speed up the disbursement of loans.   During his tenure, he gave special attention to agriculture, energy and   Sub-Saharan Africa. World Bank activities had demonstrated the effectiveness of agriculture and rural development projects and President   Clausen made them a high priority as he did lending to Sub-Saharan Africa. As the oil crisis of the 1970s had particularly harmed developing countries,   Clausen steered the Bank Group's work to promote new supplies of renewable energy.   The Executive Directors extend their deepest sympathy to Mrs. Clausen and   the family.   Engaging with the Board on Results   6. The Executive Directors recorded their approval on February 12, 2013 of the recommendation contained in paragraph 24 of the document entitled "Engaging with the Board on Results" (R2013-0015,   dated February 1, 2013).   Date of Next Meeting   7. It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Thursday, February 21, 2013.   Adjournment   8. The meeting adjourned at 11:45 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.