[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111638-en":3,"doc-seo-111638-105":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":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},111638,7971461740909,"Levi","https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d",8,"Research & Report","Minutes of a Meeting of the Executive Directors of IBRD and IDA and Boards of Directors of IFC and MIGA - May 28, 2025","Formal meeting minutes recording the attendance and deliberations of the Executive Directors of IBRD and IDA and the Boards of Directors of IFC and MIGA on May 28, 2025. The document captures board discussion of the President’s Memorandum and Reports, including the FY26 World Bank Budget, IFC FY26 Budget, and FY26 MIGA Budget, and the approval of recommendations specified in those memoranda. It also documents the adjournment time and lists approved items under an Absence-of-Objection Basis between May 23, 2025 and May 28, 2025.","Public Disclosure Authorized Public Disclosure Authorized  \nMinutes of a Meeting of the Executive Directors of IBRD and IDA and Boards of Directors of IFC and MIGA  \nheld in the Board Room on May 28, 2025, at 2:33 p.m.  \n1. There were present:  \nCHAIR:  \nW. Zhang, Managing Director and WBG Chief Administrative Officer  \nEXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS:  \nZ.  \nA.  \nL.  \nM.  \nA.  \nM.  \nN.  \nO.  \nI.  \nH.  \nM.  \nM.  \nL.  \nAhmed Alroomi Benmime  \nBugamelli  \nBuisse Chiliatto Dendup Fuentes Gur Imamura Krake  \nKrukowski Magagula  \nR.  \nM.  \nS.  \nE.  \nM.  \nV.  \nH.  \nT.  \nE.  \nR.  \nR.  \nJ.  \nNicholl Nzengou Rawet Rhuggenaath Rodland-Allen Saysanavongphet Seifeldin  \nSolbes Sycheva Tasker Wisner Ye  \nOFFICERS AND STAFF PARTICIPATING:  \nS. Shah, Director, Acting Vice President and Corporate Secretary  \nJ. Frazier, Deputy General Counsel  \nV. Celen, Senior Counsel, MIGA  \nR. Poyyapakkam, Acting Vice President  \nK.-T. Ho, Director  \nE. Bourganskaia, Vice President, IFC  \nN. Marquier, Director, IFC  \nE. Mountfield, Vice President, Finance, Risk, Economics and Sustainability, MIGA  \nD. Jerath, Director, MIGA  \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  \nFY26 World Bank Budget  \n2. The Executive Directors discussed the President’s Memorandum and Report entitled“FY26 World Bank Budget”(R2025-0077[IDA/R2025-0084]/4, dated May 12, 2025) and approved the recommendations contained in the last paragraph of the President’s Memorandum and detailed in Chapter 6 of the World Bank’s Budget document.  \nIFC FY26 Budget: Aligning Resources for IFC vision 2030 Implementation  \n3. The Board of Directors discussed the President’s Memorandum and Report entitled “IFCFY26 Budget: Aligning Resources for IFC vision 2030 Implementation”(IFC/R2025-0085/3-4, dated May 13, 2025 and July 28, 2025 respectively) and approved the recommendations contained in the last paragraph of the President’s Memorandum and detailed in Chapter 10 of IFC’s Budget document.  \nFY26 MIGA Budget  \n4. The Board of Directors discussed the President’s Memorandum and Report entitled“FY26 MIGA Budget”(MIGA/R2025-0029/3-4, dated March 26, 2024) and approved the recommendations contained in the last paragraph of the President’s Memorandum and detailed in Chapter 6 of MIGA’s Budget document.  \nAdjournment  \n5. The meeting adjourned at 4:22 p.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 May 23, 2025 and May 28, 2025  \nTHE EXECUTIVE DIRECTORS OF IBRD AND IDA  \nFederal Republic of Somalia-Grant-Somalia Disaster Risk Management Development Policy Financing with a Catastrophe Deferred Draw Down Option  \n1. The Executive Directors approved on May 23, 2025 a grant in the amount of US$20 million (SDR15.1 million) to the Federal Republic of Somalia for a Somalia Disaster Risk Management Development Policy Financing with a Catastrophe Deferred Draw Down Option on the terms and conditions set out in the President’s Memorandum (IDA/R2025-0113, dated May 2, 2025) . Mr. Wisner wished to be recorded as abstaining.  \nSolomon Islands-Additional Grant and Additional Credit-Pacific Strengthening  \nCorrespondent Banking Relationships Project  \n2. The Executive Directors approved on May 23, 2025 an additional grant in the amount of SDR 3.4 million (US$ 4.5 million equivalent) and an additional credit in the amount of in the amount of US$4.5 million to Solomon Islands for a Pacific Strengthening Correspondent Banking Relationships Project-Additional Fina","cbCaidIqzWhuoCZb","https://ap.wps.com/l/cbCaidIqzWhuoCZb","pdf",209412,1,5,"English","en",105,"# Attendance and Meeting Overview\n## Executive Directors, Alternates, Temporary Alternates\n## Officers and Staff Participating\n# Budget Deliberations and Approvals\n## FY26 World Bank Budget\n## IFC FY26 Budget\n## FY26 MIGA Budget\n# Absence-of-Objection Approvals (May 23, 2025 - May 28, 2025)\n## IBRD and IDA Approved Items\n## Other Approved Actions\n# Adjournment","[{\"question\":\"When and where was the meeting held?\",\"answer\":\"The meeting was held in the Board Room on May 28, 2025 at 2:33 p.m.\"},{\"question\":\"Which FY26 budget items were discussed and approved?\",\"answer\":\"The boards discussed the President’s Memorandum and Reports on the FY26 World Bank Budget, the IFC FY26 Budget, and the FY26 MIGA Budget, and approved the recommendations specified in each memorandum and budget chapter.\"},{\"question\":\"What process was used to approve certain items between May 23, 2025 and May 28, 2025?\",\"answer\":\"The minutes state that the following items were approved on an Absence-of-Objection Basis or authorized to proceed on a streamlined basis during that period.\"}]",1784491030,13,{"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":85,"head_meta":87,"extra_data":89,"updated_unix":27},"minutes-of-a-meeting-of-the-executive-directors-of-ibrd-and-ida-and-boards-of-directors-of-ifc-and-miga-may-28-2025","",{"@graph":35,"@context":84},[36,53,67],{"@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":52},"https://docshare.wps.com/document/minutes-of-a-meeting-of-the-executive-directors-of-ibrd-and-ida-and-boards-of-directors-of-ifc-and-miga-may-28-2025/111638/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":61,"encodingFormat":60,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":64,"interactionType":65,"userInteractionCount":4},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"When and where was the meeting held?","Question",{"text":74,"@type":75},"The meeting was held in the Board Room on May 28, 2025 at 2:33 p.m.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"Which FY26 budget items were discussed and approved?",{"text":79,"@type":75},"The boards discussed the President’s Memorandum and Reports on the FY26 World Bank Budget, the IFC FY26 Budget, and the FY26 MIGA Budget, and approved the recommendations specified in each memorandum and budget chapter.",{"name":81,"@type":72,"acceptedAnswer":82},"What process was used to approve certain items between May 23, 2025 and May 28, 2025?",{"text":83,"@type":75},"The minutes state that the following 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":86,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":88,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":91},[92,96,100,104,108,113,118,121,126,129,133],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":93,"show_sort_weight":94,"slug":95},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":97,"show_sort_weight":98,"slug":99},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":45,"category_name":101,"show_sort_weight":102,"slug":103},"Exam",70,"exam",{"id":21,"doc_module":4,"doc_module_name":45,"category_name":105,"show_sort_weight":106,"slug":107},"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":130,"doc_module":4,"doc_module_name":45,"category_name":131,"show_sort_weight":130,"slug":132},10,"Lifestyle","lifestyle",{"id":134,"doc_module":4,"doc_module_name":45,"category_name":135,"show_sort_weight":21,"slug":136},19,"General","general"]