FROM: Vice President & Corporate Secretary Minutes of a Meeting of the Executive Directors of the Bank and IDA held in the Board Room on September 17, 2019 at 10:04 a.m. 1. There were present: CHAIR: S. Yang, Managing Director and WBG Chief Administrative Officer EXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS: A. AlMutlak A. Manuel D. Andreicut R. Marshavin G. Antioch G. Minxhozi V. Bassant T. Nomoto J. Chavez-Presa T. Nyamadzabo K. Davidse Parjiono R. Eletreby G. Schoenleitner A. Fernandez M. Sotelino W. Gruber A. Subramani D. Harris A. Sumra F. Kanczuk H. de Villeroche L. Klemola J. Zattler M. Li OFFICERS AND STAFF PARTICIPATING: S. Okoro, Senior Vice President and General Counsel Y. Tsikata, Vice President and Corporate Secretary V. Muller, Vice President, Europe and Central Asia Region A. Dixon, Vice President, Human Development Practice Group A. Banerji, Country Director F. Saadah, Regional Director T. Dmytraczenko, Practice Manager 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. Romania – Loan – Romania Health Program for Results 2. The Executive Directors considered the President’s Memorandum and Recommendation (R2019-0214, dated August 27, 2019) and approved the loan in the amount of EUR 500 million (US$557.2 million equivalent) to Romania for the Romania Health Program for Results on the terms and conditions set out in the President’s Memorandum. Adjournment 3. The meeting adjourned 11:10 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. FROM: Vice President & Corporate Secretary Minutes of a Meeting of the Executive Directors of the Bank and IDA held in the Board Room on September 17, 2019 at 11:15 a.m. 1. There were present: CHAIR: S. Yang, Managing Director and WBG Chief Administrative Officer EXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS: A. Alqifari K. Nishikata G. Antioch T. Nyamadzabo V. Bassant Parjiono J. Chavez-Presa O. Pedroso A. Clark D. Pierini K. Davidse G. Schoenleitner R. Eletreby I. Shervarli W. Gruber M. Sotelino C. Happe A. Subramani D. Harris A. Sumra F. Kanczuk H. de Villeroche L. Klemola M. Zhang A. Manuel OFFICERS AND STAFF PARTICIPATING: S. Okoro, Senior Vice President and General Counsel Y. Tsikata, Vice President and Corporate Secretary K. Finkelston, Vice President, IFC 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. Farewell to Alternate Executive Director 2. The Chair made the customary presentation to Mr. Claus-Michael Happe, Alternate Executive Director for Germany, on expiration of his terms of service and tendered his good wishes for the future. The Executive Directors recorded their appreciation. Adjournment 3. The meeting adjourned 11:36 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. The following item(s) have been approved on an Absence-of-Objection Basis or have been authorized to proceed on a streamlined basis between September 13-17, 2019 THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Mozambique and Malawi – Grant and Credit – Mozambique-Malawi Regional Interconnector Project 1. The Executive Directors approved on September 17, 2019 the grant to Mozambique in the amount of SDR 30.6 million (US$42 million equivalent) and the credit to Malawi in the amount of SDR 11 million (US$15 million equivalent) for the Mozambique-Malawi Regional Interconnector Project on the terms and conditions set out in the President’s Memorandum (IDA/R2019-0273, dated August 28, 2019). Mr. Bethel wished to be recorded as abstaining. ****************************************************************************** THE BOARD OF DIRECTORS OF IFC MENA Region – Investment in Humania 2. The Board of Directors authorized on September 13, 2019 an investment in MENA Region – Humania (IFC/R2019-0274, dated September 3, 2019) in the form of (i) an Islamic finance loan of up to US$125 million, comprising of: an “A” loan of up to US$35 million, a B1 loan of up to US$63.75 million, and a Trust Loan of up to US$26.25 million; and (ii) preferred shares of up to US$109 million of which up to US$49 million will be mobilized by IFC from other investors. ****************************************************************************** THE EXECUTIVE DIRECTORS OF THE BANK AND IDA, THE BOARD OF DIRECTORS OF IFC AND THE BOARD OF DIRECTORS OF MIGA Minutes of Previous Meeting 3. The Executive Directors of the Bank and IDA and the Boards of Directors of IFC and MIGA approved on September 16, 2019 the minutes of the meeting held on June 13, 2019, and the record of approvals and authorizations between June 12, 2019 and June 13, 2019 (M2019- 0028[IDA/M2019-0028, IFC/M2019-0028, MIGA/M2019-0027], dated September 9, 2019). Official Travel of Executive Directors, Alternate Executive Directors, Senior Advisors and Advisors to Executive Directors as of September 12, 2019 4. The Executive Directors approved on September 16, 2019 the “Official Travel of Executive Directors, Alternate Executive Directors, Senior Advisors and Advisors to Executive Directors as of September 12, 2019” (R2019-0220[IDA/R2019-0280, IFC/R2019-0279, MIGA/R2019-0114], dated September 13, 2019). 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.