[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111562-en":3,"doc-seo-111562-105":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":20,"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},111562,1099514068035,"Ezra","https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c",8,"Research & Report","Minutes of a Meeting of the Board of Directors of IFC - Meeting Minutes","Minutes record the meeting of IFC’s Board of Directors held on April 3, 2025 at 10:02 a.m. in the Board Room. The minutes list attendees, including directors and participating officers and staff, and capture the Board’s consideration of CAO compliance investigation materials. The Board approves specific management actions and outlines subsequent approvals on an absence-of-objection basis, including credit and investment decisions across several countries and projects. The meeting adjourns at 10:55 a.m.","Public Disclosure Authorized Public Disclosure Authorized  \nMinutes of a Meeting of the Board of Directors ofIFC  \nheld in the Board Room on April 3, 2025, 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:  \nM.  \nA.  \nP.  \nM.  \nM.  \nP.  \nO.  \nC.  \nH.  \nE.  \nA  \nK.  \nS.  \nAlghfais  \nAlmulla Bonmartin Chiliatto Finaish Fonseca Fuentes Hieronymus Jani  \nKheifets Kotondi Amadou  \nKovacova Lambasara  \nL.  \nJ.  \nL.  \nB.  \nS.  \nR.  \nS.  \nK.  \nE.  \nP.  \nR.  \nW.  \nLaraia Lopez Valles Magagula  \nMaser Mitch Nicholl Otani  \nRechico Rhuggenaath Skulason Waldorff Tasker  \nYang  \nOFFICERS AND STAFF PARTICIPATING:  \nM. Tembon, Vice President and Corporate Secretary  \nR. Nagpal, Vice President and General Counsel  \nH. Cheikhrouhou, Regional Vice President  \nJ. Ferretti, Director General, CAO  \nT. Kaddeche, Director  \nD. Shepherd, Manager  \nG. Stocks, Manager  \nI. Ahsan, Manager, Advisory CAO  \nN. Ntuli, Principal Dispute Resolution Specialist  \nOfficial Use Only  \nJordan-IFC Management Report and Management Action Plan in Relation to the  \nCAO Investigation Report on Masdar Baynouna (Project \\#39339)  \n2. The Board of Directors considered CAO Compliance investigation Report and IFC’s Management Report and Management Action Plan in Relation to the CAO Compliance Investigation Report on Masdar Baynouna (Project \\#39339) in Jordan and approved the Management Action Plan (MAP) (IFC/R2025-0019;/1, dated February 6, 2025, and March 24, 2025, respectively) . CAO’s investigation report, the Management Report and MAP will be published on CAO’s website. Mr. Wisner wished to be recorded as abstaining.  \nAdjournment  \n3. The meeting adjourned at 10:55 a.m.  \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 April 2, 2025, and April 3, 2025  \nTHE EXECUTIVE DIRECTORS OF IBRD AND IDA  \nDominica – Credit-Dominica Strengthening Fiscal and Climate Resilience Programmatic Development Policy Credit  \n1. The Executive Directors approved on April 2, 2025 a credit in the amount of SDR 18.5 million (US$24 million equivalent) to Dominica for a Dominica Strengthening Fiscal and Climate Resilience Programmatic Development Policy Credit on the terms and conditions set out in the President’s Memorandum (IDA/R2025-0048, dated March 12, 2025) . Mr. Wisner wished to be recorded as abstaining.  \n******************************************************************************  \nTHE BOARD OF DIRECTORS OF IFC  \nViet Nam-Investment in HD SAISON Finance Limited Company (“HDSaison”)  \nfor the HDSaison Senior Loan Project  \n2. The Board of Directors approved on April 2, 2025 an investment in Viet Nam-HD SAISON Finance Limited Company for the HDSaison Senior Loan Project (IFC/R2025-0062, dated March 21, 2025) in a form of A Loan of up to US$50 million. Mr. Wisner wished to be recorded as abstaining.  \nKenya-Revised IFC Management Report and Management Action Plan to CAO Investigation Report in Kenya: Bridge International Academies (Project \\#32171, \\#38733,\\#39170, \\#39224)  \n3. The Board of Directors approved on April 2, 2025 the Revised IFC Management Report and Management Action Plan to CAO Investigation Report in Kenya: Bridge International Academies (Project \\#32171, \\#38733, \\#39170, \\#39224) in Kenya (IFC/R2025-0047;/1, dated March 10, 2025, and March 24, 2025, respectively) . Mr. Wisner wished to be recorded as abstaining.  \nMongolia-Investment in AND Global Pte. Ltd. for the AND Global Project  \n4. The Board of Directors approved on April 3, 2025 an investment in Mongolia-AND Global Pte. Ltd. for the AND Global Project (IFC/R2025-0063, dated March 24, 2025) consisting of a preferred equity investment of up to US$7 million. Mr. Wisner wished to be recorded as abstaining.  \nCentral Europe Region-Investment in Morphosis Capital Fund II Co","cbCailcXPQoPkwK3","https://ap.wps.com/l/cbCailcXPQoPkwK3","pdf",174399,1,4,"English","en",105,"# Attendance and Opening\n## Officers, directors, and participating staff\n# Agenda and Approvals\n## CAO compliance investigation and management action plan\n## Absence-of-objection basis approvals (Apr 2–Apr 3, 2025)\n### Country and project approvals\n## Remedial action framework (IFC/MIGA)","[{\"question\":\"When and where was the IFC Board of Directors meeting held?\",\"answer\":\"The meeting took place on April 3, 2025 at 10:02 a.m. in the Board Room, and it adjourned at 10:55 a.m.\"},{\"question\":\"What was the Board’s main subject of consideration?\",\"answer\":\"The Board considered the CAO Compliance investigation report along with IFC’s Management Report and Management Action Plan related to the Masdar Baynouna matter, and it approved the Management Action Plan.\"},{\"question\":\"What approvals were granted between April 2, 2025 and April 3, 2025?\",\"answer\":\"The minutes state that certain items were approved on an absence-of-objection basis or authorized to proceed on a streamlined basis, including credits and investments in multiple countries and related projects, and approval of the IFC/MIGA Remedial Action 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