[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110240-en":3,"doc-seo-110240-105":29,"detail-sidebar-cat-0-en-105":89},{"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},110240,16904993612988,"Olivia Brown","https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd",8,"Research & Report","Minutes of a Meeting of the Board of Directors of IFC held on November 10, 2022 - Investment Approvals","Minutes capture discussions and approvals by the IFC Board of Directors on November 10, 2022, including consideration of the President’s Memorandum and related reports. The record details specific approved investments and financing structures, such as A Loans and B1 Loans, plus US$ interest rate swaps to hedge project debt exposure. The minutes also document adoption of resolutions, recorded objections or abstentions by named directors, and the meeting adjournment time.","Public Disclosure Authorized Public Disclosure Authorized  \nMinutes of a Meeting of the Board of Directors ofIFC held in the Board Room on November 10, 2022, at 10:01 a.m.  \n1. There were present:  \nCHAIR:  \nS. Pimenta, Regional Vice President  \nDIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS DIRECTORS:  \nE.  \nM.  \nL.  \nA.  \nL.  \nM.  \nM.  \nH.  \nA.  \nV.  \nE.  \nR.  \nZ.  \nAcevedo Al Shamali  \nAlbisson Bello  \nBenmime Bugamelli Delaporte  \nDemircan Dlodlo Gnanendran Gomes Khullar Kibwe  \nM.  \nA.  \nL.  \nC.  \nS.  \nI.  \nK.  \nS.  \nG.  \nE.  \nT.  \nKrake  \nKugler Lind Nahon Otani Parjiono Park Rechico Saeed  \nStoyanova Rozenova Sycheva  \nZhang  \nOFFICERS AND STAFF PARTICIPATING:  \nL. Sturtevant, Deputy General Counsel  \nM. Garcia, Acting Vice President and Corporate Secretary  \nE. Becker, Senior Manager  \nE. Kushnareva, Chief Counsel  \nN. Souche, Chief Investment Officer  \nN. Lama, Chief Investment Officer  \nC. Cantelmi, Principal Investment Officer  \nJ. Von Borries Milanovich, Principal Environmental Specialist  \nThis 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.  \nOfficial Use Only  \nEgypt-Investment in Abydos Solar Power Company S.A.E. for the Abydos Solar IPP  \nProject  \n2. The Board of Directors ofIFC discussed the President’s Memorandum and a Report and approved an investment consisting of: (i) an A Loan of up to US$95 million for IFC’s own account; (ii) a B1 Loan of up to US$65 million for the account of participant banks; and (iii) US$ interest rate swaps to hedge the Abydos Solar Power Company S.A.E.’s debt representing an exposure to IFC measured as a loan-equivalent amount of up to US$10 million in Egypt.  \n(IFC/R2022-0324, dated October 28, 2022) . The Board of Directors ofIFC adopted Resolution No. IFC2022-0024. Ms. Lind wished to be recorded as objecting. Ms. Chang wished to be recorded as abstaining.  \nEgypt-Proposed Investment in Amunet Wind Power Company S.A.E. for the Amunet Wind IPP Project  \n3. The Board of Directors ofIFC discussed the President’s Memorandum and a Report and approved an investment consisting of: (i) an A loan of up to US$75 million for IFC’s own account; and (ii) US$ interest rate swaps to hedge the Amunet Wind Power Company S.A.E.’s debt representing an exposure to IFC measured as a loan-equivalent amount of up to US$20 million in Egypt. (IFC/R2022-0327, dated October 28, 2022) . The Board of Directors ofIFC adopted Resolution No. IFC2022-0025. Ms. Kugler wished to be recorded as abstaining and Ms. Lind wished to be recorded as objecting.  \nAdjournment  \n4. The meeting adjourned at 11:41 a.m.  \nThis 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.  \nOfficial Use Only  \nThe following item(s) have been approved on an Absence-of-Objection Basis  \nor have been authorized to proceed on a streamlined basis  \nbetween November 4, 2022 and November 10, 2022  \nTHE EXECUTIVE DIRECTORS OF IBRD AND IDA  \nInspection Panel-Request for Inspection-India: Vishnugad Pipalkoti Electric Project – Third Request for Inspection-Report and Recommendation  \n1. The Executive Directors approved on November 4, 2022 the Inspection Panel Report and Recommendation entitled “Inspection Panel – India: Vishnugad Pinalkoti Electric ProjectReport and Recommendation on a Request for Inspection”(INSP/R2022-0006, dated October 24, 2022) .  \nBrazil – Grant from the Global Environment Facility (GEF) -Sustainable Multiple Use Landscape Consortia in Brazil Project  \n2 The Executive Directors approved on November 4, 2022 a grant from the Global Environment Facility (GEF) in the amount of US$24.6 million to Serviço Nacional de Aprendizagem Rural, the Brazilian Rural National Learning Service in Brazil for a Sustainable Multiple-U","cbCaiby7xSwuIAhx","https://ap.wps.com/l/cbCaiby7xSwuIAhx","pdf",219508,1,4,"English","en",105,"# Meeting Overview\n## Attendance and Roles\n## Investment Discussions and Approvals\n## Resolutions and Recorded Positions\n## Adjournment","[{\"question\":\"What documents were reviewed by the IFC Board before approving investments?\",\"answer\":\"The Board discussed the President’s Memorandum and a related report for each item prior to approval.\"},{\"question\":\"What types of financing were approved in the investment decisions?\",\"answer\":\"Approvals include A Loans, B1 Loans, and US$ interest rate swaps used to hedge debt exposure.\"},{\"question\":\"How were director objections and abstentions recorded?\",\"answer\":\"The minutes note which named directors wished to be recorded as objecting or abstaining, alongside the adoption of board 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