[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111054-en":3,"doc-seo-111054-105":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},111054,1099513958607,"Jiven","https://ap-avatar.wpscdn.com/avatar/100002390cf8733938c?x-image-process=image/resize,m_fixed,w_180,h_180&k=1778829742770036399",8,"Research & Report","Minutes of a Meeting of the Board of Directors of IFC - November 9, 2023","Minutes record a meeting of the IFC Board of Directors held on November 9, 2023, starting at 10:23 a.m. The agenda covers discussion of the President’s Memorandum and a related report, approval of an investment in DFP Avatar for the World Region, and adoption of an IFC resolution. The record notes an objection by Mr. Gorordo, and the meeting adjourned at 11:44 a.m. Further approval items summarize credit, loan, and investment actions for multiple countries and projects.","Public Disclosure Authorized Public Disclosure Authorized  \nMinutes of a Meeting of the Board of Directors ofIFC held in the Board Room on November 9, 2023, at 10:23 a.m.  \n1. There were present:  \nCHAIR:  \nM. Gouled, Vice President  \nDIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS DIRECTORS:  \nM.  \nL.  \nR.  \nM.  \nA.  \nR.  \nM.  \nO.  \nE.  \nD.  \nG.  \nZ.  \nM.  \nAhmed Albisson  \nAlfrayyan Coelho Das Dawai Finaish Fuentes Gomes Hart Horvath Kibwe  \nKrake  \nS.  \nJ.  \nI.  \nI.  \nI.  \nK.  \nG.  \nH.  \nG.  \nH.  \nA.  \nW.  \nKrasochenkov Kurski  \nMenendez De Luarca Bellido  \nPark Rakauskas Rechico Rogers Seifeldin  \nStoyanova Rozenova  \nTavares Tsuji Yang  \nOFFICERS AND STAFF PARTICIPATING:  \nM. Garcia Jauregui, Acting Corporate Secretary  \nR. Nagpal, Vice President and General Counsel  \nT. Telma, Director, Financial Institutions Group  \nJ. D’Hollander, Senior Counsel  \nX. Jordan, Chief Investment Officer  \nP. Ratan, Principal Industry Specialist  \nP. Mazurkiewicz, 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.  \nWorld Region – Investment in DFP Avatar  \n2. The Board of Directors ofIFC discussed the President’s Memorandum and a Report and approved an investment in DFP Avatar in the World Region (IFC/R2023-0313, dated October 27, 2023), in the form of equity of up to US$75 million in a blue investment vehicle to be managed by T. Rowe Price. The Board of Directors ofIFC adopted Resolution No. IFC2023- 0020. Mr. Gorordo wished to be recorded as objecting.  \nAdjournment  \n3. The meeting adjourned at 11:44 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.  \nThe following item(s) have been approved on an absence-of-objection basis or have been authorized to proceed on a streamlined basis  \nbetween November 3, 2023 and November 9, 2023  \nTHE EXECUTIVE DIRECTORS OF THE BANK AND IDA  \nSri Lanka – Credit-Financial Sector Safety Net Strengthening Project  \n1. The Executive Directors approved on November 9, 2023 a credit in the amount of SDR  \n112.8 million (US$150 million equivalent) to Sri Lanka for the Financial Sector Safety Net Strengthening Project on the terms and conditions set out in the President’s Memorandum (IDA/R2023-0267, dated October 23, 2023) .  \nTürkiye – Loan-Green Finance Project  \n2. The Executive Directors approved on November 9, 2023 a loan in the amount of US$155 million to Türkiye Sinai Kalkinma Bankasi A.Ş . (TSKB), with a guarantee of the Republic of Türkiye, for the Green Finance Project on the terms and conditions set out in the President’s Memorandum (R2023-0262, dated October 23, 2023) .  \n******************************************************************************  \nTHE BOARD OF DIRECTORS OF IFC  \nSouth Africa-Investment in BioVac for the BioVac-Pfizer Project  \n3. The Board of Directors approved on November 6, 2023 an investment in South AfricaBioVac for the BioVac-Pfizer Project (IFC/R2023-0312, dated October 25, 2023) consisting of an A loan of up to ZAR 120 million (approximately US$7 million equivalent) .  \nIndia-Investment in Brookfield for the Brookfield RJ Project  \n4. The Board of Directors approved on November 9, 2023 an investment in IndiaBrookfield for the Brookfield RJ Project (IFC/R2023-0317, dated November 1, 2023) consisting of a senior loan in the form of non-convertible debentures (NCDs) to be issued by the special purpose vehicles (SPVs) and/or an instrument providing full credit guarantee, of up to US$113 million in Indian Rupee (INR) equivalent. Ms. Chang wished to be recorded as objecting and Ms. Lind as abstaining.  \nKenya-Investment in Centum Real Estate for the Centum R.E. Project  \n5. The Board of Directors approved on November ","cbCaivfnHVaFFUh1","https://ap.wps.com/l/cbCaivfnHVaFFUh1","pdf",171177,1,4,"English","en",105,"# Meeting Details\n## Attendance, Agenda, and Actions\n## Adjournment\n# Approved Items (Absence-of-Objection / Streamlined) \n## Executive Directors of the Bank and IDA\n## Board of Directors of IFC and Other Participating Bodies","[{\"question\":\"When and where was the IFC Board meeting held?\",\"answer\":\"The meeting was held on November 9, 2023 in the Board Room, starting at 10:23 a.m.\"},{\"question\":\"What investment did the Board approve regarding DFP Avatar?\",\"answer\":\"The Board approved an equity investment in DFP Avatar for the World Region, up to US$75 million, to be managed by T. Rowe Price, and adopted IFC Resolution No. IFC2023-0020.\"},{\"question\":\"How were decisions handled between November 3, 2023 and November 9, 2023?\",\"answer\":\"Certain items were approved on an absence-of-objection basis or authorized to proceed on a streamlined basis during that period.\"}]",1784488364,10,{"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":84,"head_meta":86,"extra_data":88,"updated_unix":27},"minutes-of-a-meeting-of-the-board-of-directors-of-ifc-november-9-2023","",{"@graph":35,"@context":83},[36,52,66],{"@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":21},"https://docshare.wps.com/document/minutes-of-a-meeting-of-the-board-of-directors-of-ifc-november-9-2023/111054/",{"url":51,"name":13,"@type":53,"author":54,"headline":13,"publisher":56,"fileFormat":59,"inLanguage":23,"description":14,"dateModified":60,"datePublished":60,"encodingFormat":59,"isAccessibleForFree":61,"interactionStatistic":62},"DigitalDocument",{"name":9,"@type":55},"Person",{"url":40,"name":57,"@type":58},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":63,"interactionType":64,"userInteractionCount":4},"InteractionCounter",{"@type":65},"ViewAction",{"@type":67,"mainEntity":68},"FAQPage",[69,75,79],{"name":70,"@type":71,"acceptedAnswer":72},"When and where was the IFC Board meeting held?","Question",{"text":73,"@type":74},"The meeting was held on November 9, 2023 in the Board Room, starting at 10:23 a.m.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"What investment did the Board approve regarding DFP Avatar?",{"text":78,"@type":74},"The Board approved an equity investment in DFP Avatar for the World Region, up to US$75 million, to be managed by T. Rowe Price, and adopted IFC Resolution No. IFC2023-0020.",{"name":80,"@type":71,"acceptedAnswer":81},"How were decisions handled between November 3, 2023 and November 9, 2023?",{"text":82,"@type":74},"Certain items were approved on an absence-of-objection basis or authorized to proceed on a streamlined basis during that period.","https://schema.org",{"og:url":51,"og:type":85,"og:title":13,"og:site_name":57,"og:description":14},"article",{"robots":87,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":90},[91,95,99,103,108,113,118,121,126,129,132],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":92,"show_sort_weight":93,"slug":94},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":96,"show_sort_weight":97,"slug":98},"Literature",80,"literature",{"id":21,"doc_module":4,"doc_module_name":45,"category_name":100,"show_sort_weight":101,"slug":102},"Exam",70,"exam",{"id":104,"doc_module":4,"doc_module_name":45,"category_name":105,"show_sort_weight":106,"slug":107},5,"Comic",60,"comic",{"id":109,"doc_module":4,"doc_module_name":45,"category_name":110,"show_sort_weight":111,"slug":112},6,"Technology",50,"technology",{"id":114,"doc_module":4,"doc_module_name":45,"category_name":115,"show_sort_weight":116,"slug":117},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":119,"slug":120},30,"research-report",{"id":122,"doc_module":4,"doc_module_name":45,"category_name":123,"show_sort_weight":124,"slug":125},9,"Religion & Spirituality",20,"religion-spirituality",{"id":124,"doc_module":4,"doc_module_name":45,"category_name":127,"show_sort_weight":124,"slug":128},"World Cup","world-cup",{"id":28,"doc_module":4,"doc_module_name":45,"category_name":130,"show_sort_weight":28,"slug":131},"Lifestyle","lifestyle",{"id":133,"doc_module":4,"doc_module_name":45,"category_name":134,"show_sort_weight":104,"slug":135},19,"General","general"]