[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109599-en":3,"doc-seo-109599-105":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":11,"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},109599,687197207639,"Asher","https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd",8,"Research & Report","Minutes of a Meeting of the Board of Directors of IFC and the Executive Directors of the Bank and IDA held via WebEx on February 4, 2021","Minutes record the discussion and approvals from the Board of Directors of IFC and the Executive Directors of the Bank and IDA for a virtual meeting conducted via WebEx on February 4, 2021. The Board reviewed the President’s Memorandum and an associated report, approving financing for the Base of the Pyramid (BOP) Program, including delegated authority for investments with existing clients and adoption of a specific resolution. The Executive Directors of IDA approved an allocation from IDA19 IFC-MIGA PSW BFF to support the BOP Program, and the meeting adjourned at 4:01 p.m.","Public Disclosure Authorized Public Disclosure Authorized  \nFROM: Vice President and Corporate Secretary  \nMinutes of a Meeting of the Board of Directors ofIFC  \nand the Executive Directors ofthe Bank and IDA  \nheld via WebEx on February 4, 2021 at 2:32 p.m.  \n1. There were present:  \nCHAIRS:  \nS. von Friedeburg, Interim Managing Director and Executive Vice President and Chief Operating Officer ofIFC  \nS. Yang, Managing Director and WBG Chief Administrative Officer  \nEXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS:  \nM.  \nA.  \nV.  \nS.  \nJ.  \nF.  \nE.  \nH.  \nD.  \nH.  \nG.  \nD.  \nP.  \nAlam Alkhalaf Bassant  \nBazzoni Bedjaoui Bouvet  \nBouzis Demircan Favre Tomiyama Haarde  \nHarris  \nHauger  \nA.  \nR.  \nM.  \nI.  \nT.  \nN.  \nR.  \nV.  \nF.  \nA.  \nT.  \nManuel  \nMasood Medina  \nMenendez de Luarca Bellido  \nNyamadzabo Parjiono Ray Eletreby Tamozhnikov Vodita Weintraub Zhang  \nOFFICERS AND STAFF PARTICIPATING:  \nD. Gaye, Vice President and Corporate Secretary  \nJ. Frazier, Acting Senior Vice President and General Counsel  \nC. Stephens, Vice President and General Counsel, IFC  \nP. de Bolle, Senior Director, IFC  \nM. Holtmann, Manager, IFC  \nF. Dal Bono, Lead Strategy Officer  \nM. Aijazuddin, Principal Investment Officer, IFC  \nWorld Region-Investment in Base of the Pyramid Program and Allocation from IDA19 IFC-MIGA Private Sector Window (PSW) Blended Finance Facility (BFF) to the IFC Investment for the Base of the Pyramid (BOP) Program  \n2. The Board of Directors ofIFC discussed the President’s Memorandum and a Report and approved an investment in the Base of the Pyramid (BOP) Program (IFC/R2021-0006 ; /1, dated January 22, 2021, and February 2, 2021, respectively) . The investment comprises a global financing program, as an extension ofthe IFC Fast Track COVID-19 Facility/Financial Institutions Group Envelope, for a total amount of up to US$400 million to support IFC’s financial service provider clients. The BOP Program, with a duration of 18 months to mitigate the impact of the COVID-19 crisis, will offer senior loans of up to three years in tenor and will be made available globally. The Board of Directors authorized the use of delegated authority by management to undertake investments to existing clients under the BOP. The Board of Directors adopted Resolution No. IFC2021-0003. Messrs. Haarde and Putscher wished to be recorded as abstaining.  \nThe Executive Directors of IDA discussed the President’s Memorandum and Recommendation (IDA/R2021-0013, dated January 22, 2021) and approved an allocation of US$80 million from the IDA19 IFC-MIGA PSW BFF to support IFC’s investment in the BOP Program, complementing the World Bank Group’s COIVD-19 pandemic crisis response for the financial sector in IDA PSW eligible countries on the terms and conditions set out in the President’s Memorandum.  \nAdjournment  \n3. The meeting adjourned at 4:01 pm.  \nThe following item(s) have been approved on an Absence-of-Objection Basis or have been authorized to proceed on a streamlined basis between January 29, 2021 and February 4, 2021  \nTHE EXECUTIVE DIRECTORS OF THE BANK AND IDA  \nMinutes of Previous Meetings  \n1. The Executive Directors ofthe Bank and IDA approved on January 29, 2021 the minutes of the meeting held on January 20, 2021 (M2021-0006[IDA/M2021-0006], dated January 22, 2021) .  \nTransfer from Surplus to the International Development Association (Adoption of Resolution and Record of Voting)  \n2. The Executive Directors approved on February 4, 2021 the report and the record of voting attached thereto entitled “Transfer from Surplus to the International Development Association (Adoption of Resolution and Record of Voting)”(R2021-0008, dated January 26, 2021) .  \nArmenia-Additional Loan-Disease Prevention and Control Project  \n3. The Executive Directors approved on February 4, 2021 an additional loan to Armenia in the amount of US$7 .4 million for the Disease Prevention and Control Project on the terms and conditions","cbCaik8dyDg6PR59","https://ap.wps.com/l/cbCaik8dyDg6PR59","pdf",174204,1,4,"English","en",105,"# Meeting Details and Attendance\n## Executive and Board Discussions\n## Approvals on the Absence-of-Objection Basis\n# Adjournment","[{\"question\":\"What meeting was held and when?\",\"answer\":\"A minutes document records a WebEx meeting of the Board of Directors of IFC and the Executive Directors of the Bank and IDA held on February 4, 2021 at 2:32 p.m.\"},{\"question\":\"What major approval did IFC’s Board grant?\",\"answer\":\"IFC’s Board approved an investment in the Base of the Pyramid (BOP) Program, including a global financing program up to US$400 million and authorization for management’s delegated authority for existing clients.\"},{\"question\":\"How did IDA participate in supporting the BOP Program?\",\"answer\":\"IDA’s Executive Directors approved an allocation of US$80 million from the IDA19 IFC-MIGA PSW BFF to support IFC’s investment in the BOP Program under the President’s Memorandum 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