[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110080-en":3,"doc-seo-110080-105":30,"detail-sidebar-cat-0-en-105":91},{"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":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":20,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":14,"update_tm":28,"read_time":29},110080,1099513958762,"Logic","https://ap-avatar.wpscdn.com/avatar/1000023916a998db790?x-image-process=image/resize,m_fixed,w_180,h_180&k=1784791008015729253",8,"Research & Report","Minutes of a Meeting of the Board of Directors of IFC - held on March 7, 2023 - record of approvals","Minutes document the March 7, 2023 meeting of the Board of Directors of IFC, including attendance of directors, alternates, temporary alternates acting as directors, and participating officers and staff. The Board discussed a management progress report on implementing the Management Action Plan for Philippines-Rizal Commercial Banking Corporation (RCBC), followed by adjournment at 11:39 a.m. Approved items are recorded on an absence-of-objection or streamlined basis between March 3 and March 7, 2023, covering specific investments and guarantees, with noted objections or abstentions by named individuals.","Public Disclosure Authorized Public Disclosure Authorized  \nMinutes of a Meeting of the Board of Directors ofIFC  \nheld in the Board Room on March 7, 2023, at 10:02 a.m.  \n1. There were present:  \nCHAIR:  \nM. Diop, IFC Managing Director and Executive Vice President  \nDIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS DIRECTORS:  \nK.  \nM.  \nS.  \nH.  \nP.  \nZ.  \nA.  \nJ.  \nL.  \nL.  \nL.  \nI.  \nJ.  \nAhmad  \nAl Shamali  \nAlmanza Demircan Hauger Kibwe  \nKugler  \nKurski Laraia Lind Matla  \nMenendez De Luarca Bellido Mignon  \nS.  \nA.  \nH.  \nI.  \nK.  \nS.  \nC.  \nW.  \nG.  \nR.  \nH.  \nW.  \nMirjalili Morozov  \nMurai  \nPark Rechico Saeed Saizar Renart  \nSaputra  \nStoyanova Rozenova Tasker  \nTavares Yang  \nOFFICERS AND STAFF PARTICIPATING:  \nM. Tembon, Vice President and Corporate Secretary  \nR. Nagpal, Vice President and General Counsel  \nE. Nyirinkindi, Vice President  \nR. Puliti, Regional Vice President  \nJ. Ferretti, Director General, Compliance Advisor/Ombudsman  \nM. Peschka, Director  \nN. Ahmad, Director  \n*J. Pooley, Manager  \nA. Gomez, Manager  \n*P. Mazurkiewicz, Principal Environmental Specialist  \n*via videoconference  \nManagement Progress Report on Implementation of the Management Action Plan for Philippines-Rizal Commercial Banking Corporation (RCBC)  \n2. The Board of Directors ofIFC discussed the Management Progress Report on Implementation of the Management Action Plan for Philippines-Rizal Commercial Banking Corporation (RCBC) (IFC/SecM2023-0014;/1, dated January 26, 2023 and February 27, 2023, respectively) .  \nAdjournment  \n3. The meeting adjourned at 11:39 a.m.  \nThe following item(s) have been approved on an Absence-of-Objection Basis or have been authorized to proceed on a streamlined basis between March 3, 2023 and March 7, 2023  \nTHE EXECUTIVE DIRECTORS OF THE BANK AND IDA  \nUzbekistan-IBRD Payment Guarantees-Scaling Solar 2 Independent Power Producer (IPP) Project  \n1. The Executive Directors approved on March 7, 2023 two IBRD payment guarantees in the aggregate amount of US$12 million to Uzbekistan for a Scaling Solar 2 Independent Power Producer (IPP) Project on the terms and conditions set out in the President’s Memorandum (R2023-0022, dated February 15, 2023) . Ms. Chang wished to be recorded as objecting.  \n******************************************************************************  \nTHE BOARD OF DIRECTORS OF IFC  \nKenya-Investment in Avenue Group Limited, Avenue Healthcare Limited, Avenue Homecare Limited and Avenue Rescue Services Limited for the Avenue II Project  \n2. The Board of Directors approved on March 3, 2023 an investment in Kenya-Avenue Group Limited, Avenue Healthcare Limited, Avenue Homecare Limited and Avenue Rescue Services Limited for the Avenue II Project in Kenya (IFC/R2023-0037, dated February 21, 2023) comprising of an up to US$12.7 million in a form of an “A” loan. Ms. Lind wished to be recorded as abstaining.  \nAfrica Region-Investment in Mediterrania Capital IV Mid-Cap L.P. for the Mediterrania IV Project  \n3. The Board of Directors approved on March 6, 2023 an investment in Africa RegionMediterrania Capital IV Mid-Cap L.P. for the Mediterrania IV Project (IFC/R2023-0040, dated February 22, 2023) comprising of: (a) an equity investment of up to €25 million for IFC’s own account in MC IV, and (b) a co-investment envelope of up to €20 million, on a delegated authority basis, to enable IFC to invest alongside Mediterrania Capital IV Mid-Cap L.P. in select investee companies.  \n******************************************************************************  \nTHE EXECUTIVE DIRECTORS OF IDA AND THE BOARD OF DIRECTORS OF IFC  \nNicaragua-Investment in Distribuidora de Granos de Nicaragua S.A. for the Digranisa Project with Support from the IDA20 IFC-MIGA Private Sector Window (PSW) Blended Finance Facility (BFF) to the International Finance Corporation (IFC) Investment in Distribuidora De Granos De Nicaragua  \n4. The Board of Directors ofIFC approved on March 7, 2023 an investment consisting ","cbCaib8lOg6MOVT6","https://ap.wps.com/l/cbCaib8lOg6MOVT6","pdf",121281,4,1,"English","en",105,"# Minutes of the Meeting of the Board of Directors of IFC\n## Attendance and participating officers\n## Management Progress Report on RCBC action plan\n## Adjournment\n## Approved items on an absence-of-objection or streamlined basis\n## Minutes of Previous Meeting\n## Official Travel document approval","[{\"question\":\"What was discussed during the March 7, 2023 IFC board meeting?\",\"answer\":\"The Board discussed the Management Progress Report on implementing the Management Action Plan for Philippines-Rizal Commercial Banking Corporation (RCBC).\"},{\"question\":\"When did the meeting adjourn?\",\"answer\":\"The meeting adjourned at 11:39 a.m.\"},{\"question\":\"What approvals were recorded between March 3, 2023 and March 7, 2023?\",\"answer\":\"The minutes record approvals (or authorization to proceed) for multiple IFC-related transactions, including IBRD payment guarantees, IFC investments in projects and funds, and allocations supporting an IFC investment, with some directors noting objections or abstentions.\"}]","Minutes of a Meeting of the Board of Directors of IFC - 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