75757    FROM: Vice President and Corporate Secretary    Minutes of Meeting of the Board of Directors of IFC, held in the Board Room on Thursday, February 14, 2013, at 10:00 a.m.   1. There were present:  CHAIR:  J.-Y. Cai, Executive Vice President  EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:  L. Atheeq (Temporary Alternate) A. Lourenco (Alternate) I. Alturki (Alternate) I. MacDonald (Temporary Alternate)  S. Annamalai G. Mukai (Temporary Alternate) G. Balcytyte (Alternate) S. Nanu (Alternate)  O. Bougara L. Palma (Temporary Alternate) J.J. Bravo M.S. Pamuksuz (Alternate)  I.-K. Cho (Alternate) K. Panov (Temporary Alternate) M. Hasan R. Raineri (Alternate)  G. Hines K.-W.Schmitter (Temporary Alternate) A. Ieronimo (Temporary Alternate) L. Schneller (Temporary Alternate)  J.-P. Julia (Alternate) R. Studart (Alternate) M.S.Kayad (Alternate) F. Zang (Temporary Alternate)  P. Larose (Alternate)  OFFICERS AND STAFF PARTICIPATING:  J. Familiar, Vice President and K. Njiraini, CF2S6 Corporate Secretary A. Njoroge, CF2S6 D. Harris, Acting General Counsel, CLVVP D. Wilton, CFGPE R.-R. Kaldany, Vice President, CGIVP L. Ikiring, Corporate Secretariat P. Martelli, Director, CF2DR 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-  Africa Region - Investment in Satya Capital Africa Fund II  2. The Board of Directors considered the President's Memorandum and a Report on an investment in Satya Capital Africa Fund II in the Africa Region (IFC/R2013-0013, dated January 31, 2013) and adopted  the following resolution: RESOLUTION NO. IFC 2013-0007  RESOLVED:  (A) THAT the Corporation be authorized to conclude the transactions outlined in  paragraph 7.1 of the Report substantially on the terms therein set forth; and  (B) THAT the President, the Executive Vice President, a Vice President, the Vice President and General Counsel, the Deputy General Counsel, a Department  Director, or any staff member of the Corporation authorized by any one of them, enter in the name and on behalf of the Corporation, into an agreement or  agreements providing for such transactions and containing such other terms and conditions as he or she, by the execution thereof, shall approve.  3. The Board of Directors recorded its authorization for Management to proceed with the following  investments under the Streamlined Procedure:  (a) West Africa Region - an investment in West African Agribusiness Development Corporation (WAAD) (IFC/R2013-0014, dated January 25, 2013) in the form of equity of up to US$3.8  million, authorized on February 6, 2013. Mr. Solomon (via email dated February 6, 2013) wished to be recorded as abstaining.  (b) Ghana - an investment in Bank of Africa Ghana Limited (IFC/R2013-0015; /1, dated January 25,  2013 and February 1, 2013, respectively) in the form of a senior loan of up to US$8 million and of equity of up to US$10 million, authorized on February 6, 2013.  Minutes of Previous Meeting  4. The Board of Directors recorded its approval on February 4, 2013 of the Minutes of the meeting  held on January 17, 2013 (IFC/M2013-0009).  Chile - Additional IFC Investment in Corpbanca S.A.  5.  recorded its approval on February 11, 2013 of the President's The Board of Directors Memorandum and Report entitled "Chile - Additional IFC Investment in Corpbanca S.A." (IFC/R2013-0021, dated February 5, 2013) and adopted the following resolution: RESOLUTION NO. IFC 2013-0008 RESOLVED: (A) THAT the Corporation be authorized to conclude the transactions outlined in paragraph 6 of the Report substantially on the terms therein set forth; 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.  -3-  (B) THAT the President, the Executive Vice President, a Vice President, the Vice  President and General Counsel, the Deputy General Counsel, a Department Director, or any staff member of the Corporation authorized by any one of them,  enter in the name and on behalf of the Corporation, into an agreement or agreements providing for such transactions and containing such other terms and  conditions as he or she, by the execution thereof, shall approve.  Adjournment  6. The meeting adjourned at 10:22 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.