[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110608-en":3,"doc-seo-110608-105":29,"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":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},110608,7971461740886,"Theodore","https://ap-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2",8,"Research & Report","Minutes of a Meeting of the Board of Directors of IFC via WebEx on June 24, 2021","Minutes record the meeting of IFC’s Board of Directors held via WebEx on June 24, 2021, including attendance of chairs, directors, alternates, and participating officers and staff. The Board discussed the President’s Memorandum and an IFC unsecured “A” loan up to US$100 million to OCP S.A., enabling on-lending to OCP Africa S.A. and subsidiaries across Sub-Saharan Africa, and adopted Resolution No. IFC2021-0009, with a recorded objection request. The meeting was adjourned at 11:29 a.m.","Public Disclosure Authorized Public Disclosure Authorized  \nFROM: Vice President and Corporate Secretary  \nMinutes of a Meeting of the Board of Directors ofIFC  \nvia WebEx on June 24, 2021 at 10:00 a.m.  \n1. There were present:  \nCHAIRS:  \nS. von Friedeburg, Senior Vice President  \nDIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS DIRECTORS:  \nC. Acosta R. Khullar  \nM. Ahmad D. Kinder  \nA. Alkhalaf A. Kouagou  \nA. Buisse L. Levonian  \nM. Coelho A. Manuel  \nH. Demircan M. Medina  \nT. El Ouazzani M. Milcic  \nD. Favre F. Ngaruko  \nJ. Frotzler R. Srinivasakrishnan  \nM. Hasan V. Tamozhnikov  \nS. Heuser A. Weintraub  \nH. Ikarashi T. Zhang  \nB. Kang  \nOFFICERS AND STAFF PARTICIPATING:  \nD. Gaye, Vice President and Corporate Secretary  \nC. Stephens, Vice President and General Counsel  \nS. Pimenta, Regional Vice President  \nT. Telma, Senior Director  \nM-J. Moyo, Director  \nE. Kushnareva, Principal Counsel  \nH. Sfeir, Principal Investment Officer  \nI. Kumar, Investment Officer  \nY. Arora, Senior Environmental and Social Development Specialist  \nAfrica Region-Investment in OCP S.A. for the OCP AFRICA CF Project  \n2. The Board of Directors ofIFC discussed the President’s Memorandum and the Report on an IFC investment in the form of an unsecured “A” loan of up to US$100 million (or equivalent in euros) to OCP S.A. for on-lending to OCP Africa S.A. and its subsidiaries in Sub-Saharan Africa (IFC/R2021-0159, dated June 11, 2021) and adopted Resolution No. IFC2021-0009.  \nMs. Bouzis wished to be recorded as objecting.  \nAdjournment  \n3. The meeting adjourned at 11:29 a.m.  \nFROM: Vice President and Corporate Secretary  \nMinutes of a Meeting of the Executive Directors ofthe Bank via WebEx on June 24, 2021 at 11:32 a.m.  \n1. There were present:  \nCHAIR:  \nA. van Trotsenburg, Managing Director, Operations  \nEXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS:  \nA.  \nF.  \nE.  \nA.  \nM.  \nH.  \nT.  \nJ.  \nO.  \nM.  \nR.  \nL.  \nA.  \nAlkhalaf Bouvet  \nBouzis Clark Coelho Demircan El Ouazzani Frotzler Goncalves Hasan Khullar Levonian Manuel  \nM.  \nF.  \nN.  \nV.  \nC.  \nT.  \nE.  \nN.  \nA.  \nK.  \nT.  \nMedina Ngaruko Parjiono  \nRay Tamozhnikov Thiel  \nTsuda  \nValle Maestro Vujosevic Weintraub Zajdel-Kurowska Zhang  \nOFFICERS AND STAFF PARTICIPATING:  \nD. Gaye, Vice President and Corporate Secretary  \nS. Okoro, Senior Vice President and General Counsel  \nF. Jaramillo, Regional Vice President  \nT. Sayed, Country Director  \nM. Spicer, Director, IFC  \nOTHER PARTICPANTS:  \nB. van Selm, Mission Chief, IMF  \nK. Nakatani, Senior Economist, IMF  \nBarbados – Development Policy Loan-COVID-19 Response and Recovery Development Policy Operation  \n2. The Executive Directors discussed the President’s Memorandum and Recommendation (R2021-0105, dated June 2, 2021) and approved the development policy loan to Barbados in the amount of US$100 million for the COVID-19 Response and Recovery Development Policy Operation on the terms and conditions set out in the President’s Memorandum.  \nAdjournment  \n3. The meeting adjourned at 12:51 p.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 June 18, 2021, and June 24, 2021  \nTHE EXECUTIVE DIRECTORS OF THE BANK AND IDA  \nBenin and Togo-Additional Credits and Grants-West Africa Coastal Areas Resilience Investment Project  \n1. The Executive Directors approved on June 18, 2021 an additional credit in the amount of EUR 10 million (US$12 million equivalent) to Benin, an additional credit in the amount of EUR  \n5 million (US$6 million equivalent) to Togo; an additional grant in the amount of SDR 8.4 million (US$12 million equivalent) to Benin; and an additional grant in the amount of SDR 4.2 million (US$6 million equivalent) to Togo for the West Africa Coastal Areas Resilience Investment Project on the terms and conditions set out in the President’s Memorandum (IDA/R2021-0159, dated June 1, 2021) .  \nCabo Verd","cbCaimbKQA5YTHGX","https://ap.wps.com/l/cbCaimbKQA5YTHGX","pdf",261754,1,12,"English","en",105,"# Attendance and Participants\n## Board discussion and resolution\n## Adjournment","[{\"question\":\"When and how was the Board of Directors meeting held?\",\"answer\":\"The meeting took place via WebEx on June 24, 2021.\"},{\"question\":\"What financing item did the Board discuss and approve?\",\"answer\":\"The Board discussed the President’s Memorandum regarding an unsecured “A” loan up to US$100 million to OCP S.A. for on-lending in Sub-Saharan Africa and adopted Resolution No. IFC2021-0009.\"},{\"question\":\"What was the outcome regarding objections and when was the meeting adjourned?\",\"answer\":\"Ms. Bouzis requested to be recorded as objecting, and the meeting adjourned at 11:29 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