67766
 
    FROM:      Vice President and Corporate Secretary
 

 

                       Minutes of Meeting of the Executive Directors of the Bank and IDA,
                       held in the Board Room on Tuesday, February 28, 2012, at 2:34 p.m.
 

 

  1.        There were present:
                                                                CHAIR:
 
                                               S.M. Indrawati, Managing Director
 
    EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:
 
  A. Almofadhi                           I.   Hoven
  K. Aminul Islam (Alternate)            K. Huber
  C. Asike (Temporary Alternate)         S.   James (Alternate)
  M. Ayesu (Temporary Alternate)         L.   Laraia (Temporary Alternate)
  Y. Bamba (Temporary Alternate)         S.   Lutfi (Temporary Alternate)
  D. Bohan (Alternate)                   M. Muhtar (Alternate)
  A. Brandt                              T.   Nishino (Temporary Alternate)
  A. Clark (Temporary Alternate)         H.A. Taha
  H. Dufey (Temporary Alternate)         R.   Treffers
  K. Florestal (Temporary Alternate)     N. Viggiolo (Temporary Alternate)
  J. Frieden                             J.   Whitehead
  V. Grishin                             F.   Zang (Temporary Alternate)
  R. Hernandez (Temporary Alternate)
 
  ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:
 
  D. Kalyalya                            W. Rissmann
 
  OFFICERS AND STAFF PARTICIPATING:
                               
  I. Kobayashi, Executive Vice President J. Zutt, Director, AFCE2*
  A. Peuker, Acting Corporate Secretary  K. Capoor, AFTEG
  A. Toft, Deputy General Counsel, LEGVP L. Monari, AFTEG
  S. de Silva, Senior Counsel, MIGLC     A. Narayadu, MIGOP
  D. Harris, Chief Counsel, CLEAA        J. Walliser, AFRVP
  S. Khairi, Vice President, CRFVP       A. Yaqub, CN2S7
  B. Sheahan, Director, CN2DR            R. Krech, Corporate Secretariat
  E. Quintrell, Director, MIGOP

         *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-


 
    Kenya - IDA Partial Risk Guarantees (PRGs) - Private Sector Power Generation Support Project
 
  2.      The Executive Directors considered the President's Memorandum and Recommendation
  (IDA/R2012-0024, dated February 8, 2012) and approved the IDA Partial Risk Guarantees (PRGs) to
  Kenya for a Private Sector Power Generation Support Project in the total aggregate amount of US$166
  million equivalent on the payment terms and other terms and conditions set out in the President’s
  Memorandum.
 
  Republic of Congo - Credit - Transparency and Governance Capacity Building Project II
 
  3.      The Executive Directors approved the credit to the Republic of Congo for a Transparency and
  Governance Capacity Building Project II 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/R2012-0026, dated February 7, 2012).

  Uganda - Development Policy Lending (Credit) - Ninth Poverty Reduction Support Operation

  4.       The Executive Directors approved the Ninth Poverty Reduction Support Development Policy
  Credit to Uganda in the amount of SDR 65.2 million (US$100 million equivalent) on the payment terms
  and other terms and conditions set out in the President’s Memorandum (IDA/R2012-0023, dated February
  3, 2012).
 
  Zambia - Credit - Livestock Development and Animal Health Project
 
  5.       The Executive Directors approved the credit to Zambia for a Livestock Development and Animal
  Health Project in the amount of SDR 32.6 million (US$50 million equivalent) on the payment terms and
  other terms and conditions set out in the President’s Memorandum (IDA/R2012-0025, dated February 7,
  2012).

  China - Loan - Sichuan Wudu Irrigated Agriculture Development Project

  6.      The Executive Directors approved the loan to China for a Sichuan Wudu Irrigated Agriculture
  Development Project in the amount of US$100 million on the payment terms and other terms and
  conditions set out in the President’s Memorandum (R2012-0018, dated February 7, 2012).

  Minutes of Previous Meeting

  7.                             recorded their approval on February 22, 2012 of the Minutes of the
         The Executive Directors
  meeting held on February 14, 2012 (M2012-0009[IDA/M2012-0009]).

    Date of Next Meeting

    8.     It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Thursday,
    March 1, 2012.

    Adjournment

    9.      The meeting adjourned at 3:44 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.