71667

 

  FROM:        Vice President and Corporate Secretary

 

 
                               Minutes of Meeting of the Board of Directors of MIGA,
                         held in the Board Room on Thursday, June 14, 2012, at 12:45 p.m.

 

 
    1.      There were present:
                                                                CHAIR:

                                             I. Kobayashi, Executive Vice President

  EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:

  I.     Alturki (Alternate)                                    S.    Kurasawa (Temporary Alternate)
  G.     Alzetta                                                S.    Lutfi (Temporary Alternate)
  S.     Aviel (Alternate)                                      M.    Mozayani (Temporary Alternate)
  J.     Baeten (Temporary Alternate)                           M.    Muhtar (Alternate)
  D.     Bohan (Alternate)                                      K.    Panov (Temporary Alternate)
  N.     Cassidy (Temporary Alternate)                          G.    Politakis (Temporary Alternate)
  M.     Coronel (Temporary Alternate)                          W.    Rissmann (Alternate)
  F.     Diallo (Temporary Alternate)                           D.    Sandhu (Temporary Alternate)
  J.     Haarlov (Alternate)                                    L.    Schneller (Temporary Alternate)
  I.     Hernandez (Temporary Alternate)                        A.    Touret-Blondy (Alternate)
  H.     Hua (Temporary Alternate)                              N.    Viggiolo (Temporary Alternate)
  D.     Kalyalya (Alternate)                                   J.    Whitehead
  S.     Kantor (Temporary Alternate)

  OFFICERS AND STAFF PARTICIPATING:

  E.   Marmolo, Acting Corporate Secretary                      N.     Chee, MIGEP
  A.-M.Betancourt, General Counsel, MIGLC                       N.     Fawaz, MIGOP
  E.                            
       Quintrell, Director, MIGOP                               N.     Onwuamaegbu, MIGOP
  P.   Barbour, MIGEP                                           B.     Geiser, Corporate Secretariat

    Jordan - Guarantee to Albemarle Corporation for an Investment in Jordan Bromine Company
    Limited

    2.      The Board of Directors considered the Report from the President on a guarantee to Albemarle
    Corporation for an investment in Jordan Bromine Company Limited (MIGA/R2012-0034, dated June 1,
    2012) and concurred in the issuance of the guarantee on the terms and conditions set out in the President’s
    Report.



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-


  Minutes of Previous Meeting

  3.       The Board of Directors recorded its approval on June 6, 2012 of the Minutes of the meeting held
  on April 26, 2012 (MIGA/M2012-0015).
 
  Niger - Agreement on Legal Protection for Guaranteed Foreign Investments
 
  4.       The Board of Directors recorded its approval on May 29, 2012 of the recommendation contained
  in the President's Memorandum entitled "Niger - Agreement on Legal Protection for Guaranteed Foreign
  Investments" (MIGA/R2012-0031, dated May 17, 2012).
 
  Kosovo - Agreement on Legal Protection for Guaranteed Foreign Investments
 
  5.       The Board of Directors recorded its approval on May 29, 2012 of the recommendation contained
  in the President's Memorandum entitled "Kosovo - Agreement on Legal Protection for Guaranteed
  Foreign Investments" (MIGA/R2012-0032, dated May 17, 2012).
 
  Kenya - Guarantees to Standard Bank of South Africa and Bank of China for Financing to
  Triumph Power Generating Company Limited - Modification of Prior Concurrence

  6.      The Board of Directors recorded its authorization on June 6, 2012 for the President to proceed
  with the modification of prior concurrence of the guarantee to Standard Bank of South Africa and a new
  guarantee to Bank of China as set out in the Report from the President entitled "Kenya - Guarantees to
  Standard Bank of South Africa and Bank of China for their Financing to Triumph Power Generating
  Company Ltd. - Modification of Prior Concurrence" (MIGA/R2012-0033, dated May 24, 2012).

  Adjournment

  7.        The meeting adjourned at 12:59 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.