74557
  FROM:        Vice President and Corporate Secretary

 

 
                       Minutes of Meeting of the Executive Directors of the Bank and IDA,
                     held in the Board Room on Thursday, November 29, 2012, at 12:11 p.m.

 

  1.        There were present:
                                                                CHAIR:
 
                                               S.M. Indrawati, Managing Director
 
    EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:
 
  M. Al-Sheikh                    D. Kalyalya
  G. Alzetta                      W. Liu (Temporary Alternate)
  M. Ayesu (Temporary Alternate)  B.    Lvin (Temporary Alternate)
  D.    Bohan   (Alternate)       A.    Mendes Dias
  A. Brandt                       M.-L. Morin
  J.J. Bravo                      M. Muhtar
  P. Cipollone                    I.    Solomon
  C.G. Forcieri                   H. Suzuki
  J. Frieden                      R.    Tan
  M.    Hasan                     M.    Tareque  (Alternate)
  I. Hoven                        R.    Treffers
  S. James (Alternate)            J.    Whitehead
  J.-P. Julia (Alternate)
 
  ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:
 
  A. Alkaffas                     M.S. Kayad
  I.    Alturki                   P.    Larose
  S. Aviel                        R.    Raineri
  G. Balcytyte                    W. Szczuka

  OFFICERS AND STAFF PARTICIPATING:
                        
    S.    Suleymanov, Acting Corporate Secretary                      P.J. Martin, AFTSN
    A.-M. Leroy, Senior Vice President and                            J. Panzer, AFTP1
          Group General Counsel, LEGVP                                N. Rabefaniraka, AFTTR
    M.    Diop, Vice President, AFRVP                                 L. Raina, ECSF3
    J.    Armitage, Director, ECCU4                                   V. Crispolti, IMF
    H.    Bridi, Director, AFCS4                                      I. Hollar, IMF
    J.    Saghir, Director, AFTSN                                     M. Matungulu, IMF
    N.    Andriamihaja, AFTP1                                         M. Petri, IMF
    A.    Blom, AFTEE                                                 J. Reinke, IMF
    J.    Goddard, ECSF2                                              S. Tamir, 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-


  Oral Briefing - An Update on Drought and Flooding in Africa’s Drylands

  2.      Management updated the Executive Directors on the drought and flooding emergency situations
  in Africa's dryland areas across the Sahel and the Horn of Africa, including the Bank Group's response.
 
  Comoros - Development Policy Grant - Economic Reform Development Policy Operation
 
  3.      The Executive Directors considered the President's Memorandum and Recommendation
  (IDA/R2012-0274; /2, dated November 6 and November 8, 2012, respectively) and approved the
  Economic Reform Development Policy Grant to Comoros in the amount of SDR 3.3 million (US$5
  million equivalent) on the terms and conditions set out in the President’s Memorandum.

  Madagascar - Credit - Emergency Support to Critical Education, Health and Nutrition Services
  Project
 
  4.       The Executive Directors considered the President's Memorandum and Recommendation
  (IDA/R2012-0281, dated November 15, 2012) and approved the credit to Madagascar for an Emergency
  Support to Critical Education, Health and Nutrition Services Project in the amount of SDR 42.2 million
  (US$65 million equivalent) on the payment terms and other terms and conditions set out in the
  President’s Memorandum. Mr. Solomon wished to be recorded as opposed.
 
  Madagascar - Credit - Emergency Infrastructure Preservation and Vulnerability Reduction Projet
 
  5.       The Executive Directors considered the President's Memorandum and Recommendation
  (IDA/R2012-0282, dated November 15, 2012) and approved the credit to Madagascar for an Emergency
  Infrastructure Preservation and Vulnerability Reduction Project in the amount of SDR 66.2 million
  (US$102 million equivalent) on the payment terms and other terms and conditions set out in the
  President’s Memorandum. Mr. Solomon wished to be recorded as opposed.
 
  FYR Macedonia - Development Policy Loan - First Programmatic Competitiveness Development
  Policy Operation

  6.      The Executive Directors considered the President's Memorandum and Recommendation
  (R2012-0227, dated November 6, 2012) and approved the First Programmatic Competitiveness
  Development Policy Loan to the former Yugoslav Republic of Macedonia in the amount of EUR 38.7
  million (US$50 million equivalent) on the payment terms and other terms and conditions set out in the
  President’s Memorandum.

  Date of Next Meeting                    

    7.    It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Tuesday,
    December 4, 2012.

    Adjournment

    8.      The meeting adjourned at 4:03 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.