71666     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, June 14, at 11:47 a.m.     1. There were present:   CHAIR:   C.D. Anstey, Managing Director   EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:   Z. Allawi (Temporary Alternate) L. Laraia (Temporary Alternate) I. Alturki (Alternate) W. Liu (Temporary Alternate)   D. Bohan (Alternate) D. Malaspina Hernandez (Temporary Alternate) F.A. Camarasa A. Mendes Dias   V. Dhanpaul (Alternate) M.-L. Morin G. Gerlag (Temporary Alternate) M. Muhtar (Alternate)   L. Gordon (Temporary Alternate) T. Nishino (Temporary Alternate) J. Haarlov (Alternate) F. Salame (Temporary Alternate)   I. Hoven D. Sandhu (Temporary Alternate) K. Huber I. Solomon   S. Ibrahimi (Temporary Alternate) A. Touret-Blondy (Alternate) D. Kalyalya (Alternate) J. Whitehead   S. Katash (Temporary Alternate)   ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:   G. Alzetta M.S. Kayad S. Aviel W. Rissmann   K. Dalrymple   OFFICERS AND STAFF PARTICIPATING: J. Familiar, Vice President and K. Kadiresan, Director, AFCS3* Corporate Secretary J. Saghir, Director, AFTSN D. Mattheisen, Assistant Corporate Secretary S. Bloemenkamp, AFMMW A.-M.Leroy, Senior Vice President and N. Harshadeep, AFTEN Group General Counsel, LEGVP P. Waalewijn, AFTWR* M. Diop, Vice President, AFRVP B. Geiser, 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-   Malawi - Adaptable Program Lending (Credit, Grant, GEF Trust Fund Grant and LDCF Trust Fund Grant) - Shire River Basin Management Project (APL 1)   2. The Executive Directors considered the President's Memorandum and Recommendation   (GEF/R2012-0013[IDA/R2012-0144], dated May 24, 2012) and approved the credit and grant in the amounts of SDR 60.6 million (US$93.75 million equivalent) and SDR 20.2 million (US$31.25 million   equivalent), respectively; and, the grant from the Global Environment Facility (GEF) Trust Fund in the amount of US$5.08 million and the grant from GEF-administered Least Developed Countries Fund   (LDCF) Trust Fund in the amount of US$1.5 million to Malawi for a Shire River Basin Management Project 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 three-phase Shire River Basin Management Program (APL 1).   Madagascar - Additional Financing Credit - Second Multisectoral STI/HIV/AIDS Prevention   Project   3. The Executive Directors approved the additional financing credit to Madagascar for a Second Multisectoral STI/HIV/AIDS Prevention Project in the amount of SDR 3.9 million (US$6 million   equivalent) on the payment terms and other terms and conditions set out in the President’s Memorandum (IDA/R2012-0141, dated May 24, 2012), including the waiver applicable to the additional financing   under OP 13.20. Mr. Solomon (via email dated June 13, 2012) wished to be recorded as opposed.   China - Loan - Chongqing Urban Rural Integration Project II –Health   4. The Executive Directors approved the loan to China for a Chongqing Urban Rural Integration Project II–Health in the amount of US$100 million on the payment terms and other terms and conditions   set out in the President’s Memorandum (R2012-0114, dated May 24, 2012).   Nicaragua - Additional Financing Credit - Rural Telecommunications Project   5. The Executive Directors approved the additional financing credit to Nicaragua for a Rural Telecommunications Project in the amount of SDR 3.3 million (US$5 million equivalent) on the payment   terms and other terms and conditions set out in the President’s Memorandum (IDA/R2012-0142, dated May 24, 2012).   Minutes of Previous Meeting   6. The Executive Directors recorded their approval on June 8, 2012 of the Minutes of the meeting     held on May 24, 2012 (M2012-0042[IDA/M2012-0042]). Approval of the Terms of Appointment of the World Bank President 7. The Executive Directors recorded their approval on June 11, 2012 of the recommendation of the Dean and Co-Dean of the Terms of Appointment of the World Bank President and authorization for signing of the contract, and its subsequent disclosure (R2012-0106/4, dated June 4, 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-   Per Capita Income Guidelines for Operational Purposes   8. The Executive Directors recorded their approval on June 11, 2012 of the proposal contained in   the President's Memorandum entitled "Per Capita Income Guidelines for Operational Purposes" (R2012-0124, dated May 31, 2012).   IDA Single-Currency Lending Pilot Program   9. The Executive Directors recorded their approval on June 11, 2012 of the recommendation   contained in paragraph 5 of the President's Memorandum and outlined in the report entitled "IDA Single-Currency Lending Pilot Program" (IDA/R2012-0140; /1, dated May 16 and May 31, 2012,   respectively), namely, a two-year pilot program for single-currency lending for IDA credits limited to the equivalent of SDR 3.0 billion on regular and blend terms to IDA countries in accordance with IDA's   currency management framework.   Other Business - Farewell to Dirk Mattheisen   10. On the occasion of his retirement, the Chair expressed her gratitude to Dirk Mattheisen, Assistant Corporate Secretary, for serving the mission of the Bank Group for almost three decades, including 25   years of leadership and guidance in building knowledge and promoting good corporate governance practices that will have long-standing impact. The Executive Directors recorded their appreciation for his   integrity and unfailing support to generations of Boards of Directors and tendered him good wishes for the future.   Date of Next Meeting   11. It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Tuesday, June   19, 2012.   Adjournment   12. The meeting adjourned at 12:43 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.