Minutes of a Meeting of the Board of Directors of MIGA held in the Shihata Conference Room on Jun 5, 2025 - Record of Approvals

Jul 19, 2026

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Board of Directors meeting minutes for MIGA held on June 5, 2025 in the Shihata Conference Room, including attendance of the chair, directors and alternates, and participating officers and staff. The record documents the board’s special-majority approval of a Sustainability-Linked Loan guarantee for Côte d’Ivoire, the adjournment time, and approvals granted on an absence-of-objection and streamlined basis between June 4 and June 5, 2025. It also lists multiple credits, grants, and loans authorized for countries including Uganda, Indonesia, Niger, and Tanzania, with references to presidential memoranda and recorded abstentions or objections.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages4

Reading Time10 min

Meeting details

Attendance and participation

Adjournment

Board approvals

Côte d’Ivoire guarantee approval

Absence-of-objection and streamlined approvals

Country-specific authorizations

Public Disclosure Authorized Public Disclosure Authorized Minutes of a Meeting of the Board of Directors of MIGA held in the Shihata Conference Room on Jun 5, 2025, at 10:04 a.m. 1. There were present: CHAIR: J. Ahmad, Vice President, Operations, MIGA DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS DIRECTORS: L. Benmime R. Nicholl P. Bonmartin L. Nielsen V. Cavalcanti M. Nzengou A. Das S. Otani P. Fonseca D. Pierini N. Francken N. Pradhan M. Krukowski K. Rechico I. Lolo E. Rhuggenaath l. Magagula S. Saeed M. Mahama H. Seifeldin S. Maluck S. Solbes J. Medzhidova W. Yang G. Minxhozi OFFICERS AND STAFF PARTICIPATING: S. Shah, Acting Vice President and Corporate Secretary A. Kumar-Capoor, Director and General Counsel A. Molle, Manager R. El Hallaoui, Underwriter M. Nebe, Sector Manager K. Wallace, Sector Manager A. Kosova, Senior Counsel *M-C. Uwanyiligira, Division Director, IBRD * via videoconference This 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. Official Use Only Côte D’Ivoire-Guarantee(s) to Standard Chartered Bank and/or one ofits subsidiaries, and/or other lenders yet-to-be identified for their Non-Shareholder Loan investments to the Ministry of Finance and Budget of Côte d’Ivoire 2. The Board of Directors of MIGA approved by special majority the issuance of the proposed guarantee for a Sustainability-Linked Loan (SLL) provided by commercial lenders to the Republic ofCôte d’Ivoire as set out in the President’s memorandum. (MIGA/R2025-0048), dated May 22, 2025) . Adjournment 3. The meeting adjourned at 12:16 p.m. This 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. Official Use Only The following item(s) have been approved on an Absence-of-Objection Basis or have been authorized to proceed on a streamlined basis between June 4, 2025, and June 5, 2025 THE EXECUTIVE DIRECTORS OF IBRD AND IDA Uganda – Credit and Grant-Uganda-Uganda Development Response to Displacement Impacts Project Phase II 1. The Executive Directors approved on June 4, 2025 a credit in the amount of US$180 .5 million, of which US$147 .5 million from the IDA Window for Host Communities and Refugees (WHR), and a grant in the amount of SDR 111.1 million (US$147 .5 million equivalent) from the WHR to Uganda for a Uganda Development Response to Displacement Impacts Project (DRDIP) Phase II on the terms and conditions set out in the President’s Memorandum (IDA/R2025-0152), dated May 15, 2025). Mr. Wisner wished to be recorded as abstaining. Uganda – Credit-Uganda Learning Acceleration Program-Program-for-Results 2. The Executive Directors approved on June 4, 2025 a credit in the amount of SDR 157.5 million (US$210 million equivalent) to Uganda for a Uganda Learning Acceleration Program (ULEARN) on the terms and conditions set out in the President’s Memorandum (IDA/R2025-0148, dated May 15, 2025) . Mr. Wisner wished to be recorded as abstaining. Indonesia – Loan-Indonesia Productive and Sustainable Investment Development Policy Loan 3. The Executive Directors approved on June 4, 2025 a loan in the amount of EUR1,386,600,000 (USD1.5 billion equivalent) to Indonesia for an Indonesia Productive and Sustainable Investment Development Policy Loan on the terms and conditions set out in the President’s Memorandum (R2025-0107;/1-3, dated May 13, 2025, and May 16, 2025, respectively) . Ms. Ye and Mr. Wisner wished to be recorded as abstaining. Niger – Credit-Niger Food Security and Emergency Access to Essential Services Project 4. The Executive Directors approved on June 5, 2025 a credit in the amount of EUR 193.7 million (US$220.0 million equivalent) to Nige

FAQs

Where and when was the MIGA Board meeting held?

The meeting was held in the Shihata Conference Room on June 5, 2025 at 10:04 a.m.

What major decision did the Board approve for Côte d’Ivoire?

The Board approved by special majority the issuance of the proposed guarantee for a Sustainability-Linked Loan (SLL) for Côte d’Ivoire, as set out in the President’s memorandum.

How were other items approved during June 4–June 5, 2025?

Items were approved on an absence-of-objection basis or authorized to proceed on a streamlined basis between June 4, 2025 and June 5, 2025.

Jul 19, 2026

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