[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110356-en":3,"doc-seo-110356-105":29,"detail-sidebar-cat-0-en-105":90},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":4,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},110356,549758252649,"Ivy","https://ap-avatar.wpscdn.com/avatar/8000253669c5317157?_k=1778319167496531819",8,"Research & Report","Minutes of a Meeting of the Board of Directors of IFC and MIGA - March 16, 2023","Minutes record the proceedings of the Board of Directors of IFC meeting held March 16, 2023 in the Board Room, listing attendees, officers, and staff participating. The Board reviewed the President’s Memorandum and a related report and approved an investment in OCP S.A. for the OCP Solar #1 Project, including a green “A” loan up to EUR 100 million, and adopted a resolution on the matter. The minutes also note the closing times, adjournments, and an absence-of-objection approval basis for subsequent items.","Public Disclosure Authorized Public Disclosure Authorized  \nMinutes of a Meeting of the Board of Directors ofIFC held in the Board Room on March 16, 2023, at 10:01 a.m.  \n1. There were present:  \nCHAIR:  \nS. Pimenta, Regional Vice President, IFC  \nDIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS DIRECTORS:  \nL.  \nM.  \nM.  \nM.  \nR.  \nH.  \nA.  \nS.  \nE  \nR.  \nZ.  \nM.  \nR.  \nAlbisson  \nAlShamali  \nAlsharif Coelho Dawai Demircan Dlodlo El Ouazzani Gomes Kachur Kibwe  \nKrake Kumar  \nL.  \nI.  \nS.  \nI.  \nR.  \nK.  \nI.  \nR.  \nH.  \nA.  \nK.  \nW.  \nLind Menendez Otani  \nRajabov  \nRamirez Rechico Shervarli Tasker  \nTavares Ursu-Williams Wijeyewardene Yang  \nOFFICERS AND STAFF PARTICIPATING:  \nA. Gibbs, Acting Corporate Secretary  \nR. Nagpal, Vice President and General Counsel  \nS. Suri, Regional Industry Director  \nH. Pederson, Regional Industry Director  \nC. Sylla, Regional Director  \nP. Gopalan, Global Manager  \nH. Sfeir, Manager  \nN. Souche, Acting Regional Industry Manager  \nR. Kozar, Chief Investment Officer  \nR. FitzGerald, Senior Investment Officer  \nN. Shah, Senior Social Development Specialist  \nMorocco-Investment in OCP S.A. for the OCP Solar \\#1 Project  \n2. The Board of Directors ofIFC discussed the President’s Memorandum and a Report and approved an investment consisting of a green “A” loan of up to EUR 100 million in OCP S.A. for the OCP Solar \\#1 Project in Morocco (IFC/R2023-0047, dated March 3, 2023) . The Board of Directors ofIFC adopted Resolution No. IFC2023-0006 . Ms. Chang wished to be recorded as objecting.  \nAdjournment  \n3. The meeting adjourned at 11:17 a.m.  \nMinutes of a Meeting of the Executive Directors ofthe Bank and IDA and the Boards of Directors of IFC and MIGA  \nheld in the Board Room on March 16, 2023, at 11:26 a.m.  \n1. There were present:  \nCHAIR:  \nA. Kant, Managing Director and WBG Chief Financial Officer  \nEXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS:  \nL. Albisson S. Martinez  \nS. Almanza N. Mohd Yassin  \nM. AlShamali A. Morozov  \nM. Alsharif C. Nahon  \nM. Bugamelli I. Rakauskas  \nH. Demircan K. Rechico  \nG. Ekwere R. Tasker  \nM. Finaish H. Tavares  \nR. Kachur A. Ursu-Williams  \nZ. Kibwe K. Wijeyewardene  \nR. Kumar T. Yamakawa  \nJ. Kurski W. Yang  \nD. Lohan  \nOFFICERS AND STAFF PARTICIPATING:  \nM. Tembon, Vice President and Corporate Secretary  \nA. Shayne, Deputy General Counsel, Operations  \nG. Tanyi, Chief Counsel, IFC  \nA. Bjerde, Regional Vice President  \nR. Karadsheh, Regional Director, IFC  \nM. Baroudi, Director, MIGA  \nX. Yu, Regional Country Director  \nC. Sanchez-Paramo, Director, Strategy and Operations  \nE. Salinas Munoz, Country Manager  \nA. Naim, Regional Manager, IFC  \nL. Karadayi, Senior Economist, IFC  \nOTHER PARTICIPANTS:  \nF. Jamaludin, Senior Economist, European Department, IMF  \nM. Pinat, Economist, European Department, IMF  \nAlbania-Country Partnership Framework  \n2. The Executive Directors discussed the joint IBRD/IFC/MIGA Country Partnership Framework for Albania for the period FY23-FY27 (R2023-0027[IFC/R2023-0039, MIGA/R2023-0018], dated February 22, 2023) .  \nAdjournment  \n3. The meeting adjourned at 1:09 p.m.  \nThe following item(s) have been approved on an Absence-of-Objection Basis or have been authorized to proceed on a streamlined basis  \non March 16, 2023  \nTHE EXECUTIVE DIRECTORS OF THE BANK AND IDA  \nAlbania – Development Policy Loan-First Resilience and Green DevelopmentDevelopment Policy Loan  \n1. The Executive Directors approved on March 16, 2023 a development policy loan in the amount of EUR 110.8 million (US$120 million equivalent) to Albania for a First Resilience and Green Development-Development Policy Loan on the terms and conditions set out in the President’s Memorandum (R2023-0028, dated February 23, 2023) .  \nAlbania – Loan-First Phase of Building Resilient Bridges Program using the Multiphase Programmatic Approach  \n2. The Executive Directors approved on March 16, 2023 a financing envelope in the amount ","cbCaivz8uuDNaFDb","https://ap.wps.com/l/cbCaivz8uuDNaFDb","pdf",231431,1,6,"English","en",105,"# Meeting of the Board of Directors of IFC\n## Attendance and participants\n## Investment approval for OCP Solar #1 Project\n## Adjournment\n# Minutes of the Meeting of the Executive Directors and Related Boards\n## Attendance and participants\n## Albania Country Partnership Framework (FY23-FY27)\n## Adjournment\n# Absence-of-Objection/Streamlined Approvals\n## Executive Directors of the Bank and IDA - Albania development policy loan\n## Additional Albania program loans\n## Serbia capital markets project loan\n# Board of Directors of IFC - Additional approvals","[{\"question\":\"When was the Board meeting of IFC held and at what time did it adjourn?\",\"answer\":\"The IFC Board of Directors meeting was held on March 16, 2023, starting at 10:01 a.m., and it adjourned at 11:17 a.m.\"},{\"question\":\"What investment was approved for the OCP Solar #1 Project?\",\"answer\":\"The Board approved an investment in OCP S.A. for the OCP Solar #1 Project, including a green “A” loan of up to EUR 100 million, and adopted a related resolution.\"},{\"question\":\"What items were approved on an absence-of-objection basis or streamlined basis on March 16, 2023?\",\"answer\":\"The minutes list several approved financing actions, including an Albania development policy loan for first resilience and green development and other Albania and Serbia loan programs, each tied to terms in the President’s Memorandum.\"}]",1784485045,15,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":85,"head_meta":87,"extra_data":89,"updated_unix":27},"minutes-of-a-meeting-of-the-board-of-directors-of-ifc-and-miga-march-16-2023","",{"@graph":35,"@context":84},[36,53,67],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,50],{"item":40,"name":41,"@type":42,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":42,"position":52},"https://docshare.wps.com/document/minutes-of-a-meeting-of-the-board-of-directors-of-ifc-and-miga-march-16-2023/110356/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":61,"encodingFormat":60,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":64,"interactionType":65,"userInteractionCount":4},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"When was the Board meeting of IFC held and at what time did it adjourn?","Question",{"text":74,"@type":75},"The IFC Board of Directors meeting was held on March 16, 2023, starting at 10:01 a.m., and it adjourned at 11:17 a.m.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"What investment was approved for the OCP Solar #1 Project?",{"text":79,"@type":75},"The Board approved an investment in OCP S.A. for the OCP Solar #1 Project, including a green “A” loan of up to EUR 100 million, and adopted a related resolution.",{"name":81,"@type":72,"acceptedAnswer":82},"What items were approved on an absence-of-objection basis or streamlined basis on March 16, 2023?",{"text":83,"@type":75},"The minutes list several approved financing actions, including an Albania development policy loan for first resilience and green development and other Albania and Serbia loan programs, each tied to terms in the President’s 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