75478

    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, January 22, 2013, at 10:01 a.m.




 1.        There were present:
                                                                CHAIR:

                                               S.M. Indrawati, Managing Director

    EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:

  I. Alturki (Alternate)                       M.S. Kayad (Alternate)
 S. Annamalai                                 W. Liu (Weihua) (Temporary Alternate)
  S. Aviel (Alternate)                         B.   Lvin (Temporary Alternate)
 E. Bonaccorsi di Patti (Temporary Alternate) S.   Mirjalili (Temporary Alternate)
  A. Brandt                                    M. Muhtar
 J.J. Bravo                                   M.S. Pamuksuz (Alternate)
  I.-K. Cho (Alternate)                        M.N. Prasad
 J. Frieden                                   R.   Raineri (Alternate)
  J. Harris (Alternate)                        W. Rissmann (Alternate)
 M. Hasan                                     H. Suzuki
  G. Hines                                     R.   Tan
 J.-P. Julia (Alternate)                      R.   Treffers
  D. Kalyalya

  ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:

  D. Bohan                                     W. Szczuka
 S. James                                     Y. Takamura
  P. Larose
                            
  OFFICERS AND STAFF PARTICIPATING:

    J.   Familiar, Vice President and                           K.    Nthara, EASPT
         Corporate Secretary                                    M.    Verghis, EASP3
    A.-M.Leroy, Senior Vice President and                       M.    Davies, IMF
         Group General Counsel, LEGVP                           D.    Ghura, IMF
    A. Dixon, Director, EACTF                                   A.    Pitt, IMF
    U. Zachau, Director, EAPVP                                  A.    Dhar, 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-



 Myanmar - Myanmar Reengagement and Reform Support Development Policy Credit

 2.      The Executive Directors considered the President's Memorandum and Recommendation
  (IDA/R2012-0300, dated December 26, 2012) and approved the Myanmar Reengagement and Reform
 Support Development Policy Credit in the amount of SDR 287.75 million (US$440 million equivalent),
  including two policy waivers under OP 13.40 and OP 13.00, respectively, on the payment terms and other
 terms and conditions set out in the President’s Memorandum.

 Nepal - Loan, and Grant from the Pilot Program for Climate Resilience (PPCR) Trust Fund of the
  Strategic Climate Fund (SCF) - Building Resilience to Climate-Related Hazards Project

  3.       The Executive Directors recorded their approval on January 15, 2013 of the loan, and, of the
 grant to Nepal from the Pilot Program for Climate Resilience (PPCR) of the Strategic Climate Fund
  (SCF) for a Building Resilience to Climate-Related Hazards Project in the amounts of US$15 million and
 US$16 million, respectively, on the payment terms and other terms and conditions set out in the
  President’s Memorandum (R2012-0261, dated December 20, 2012), and the provisions of the CTF-SCF
 whose establishment was approved by the Executive Directors of the Bank and IDA
  (M2008-0052[IDA/M2008-0052]).

  Approval for the Public Private Infrastructure Advisory Facility (PPIAF) Trust Fund to Finance
 Activities in Myanmar, An IDA Member in Arrears

 4.       The Executive Directors recorded their approval on January 10, 2013 of the recommendation
  contained in paragraph 9 of the President's Memorandum entitled "Approval for the Public Private
 Infrastructure Advisory Facility (PPIAF) Trust Fund to Finance Activities in Myanmar, An IDA Member
  in Arrears" (R2012-0262[IDA/R2012-0298], dated December 28, 2012).

  Date of Next Meeting

  5.       It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Thursday,
 January 24, 2013.

 Adjournment

 6.        The meeting adjourned at 10:45 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.