[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111542-en":3,"doc-seo-111542-105":28,"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":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":11},111542,8796095461610,"Oliver","https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c",8,"Research & Report","Minutes of a Meeting of the Executive Directors of IBRD and IDA and Boards of Directors of IFC and MIGA - October 23, 2025","Official meeting minutes documenting the presentation by the Chair to Mr. Michael Krake, Executive Director (Germany), following expiration of his terms of service, including the recorded appreciation by Executive Directors. The meeting adjourned at 12:39 p.m., and items were approved on an absence-of-objection basis or authorized to proceed on a streamlined basis. Approvals include IBRD/IDA loans to India for Bihar Water Security and Irrigation Modernization and Kerala Health Systems Improvement, plus an extension request for an Inspection Panel management response deadline.","Public Disclosure Authorized  \nMinutes of a Meeting of the Executive Directors of IBRD and IDA and Boards of Directors of IFC and MIGA held in the Board Room on October 23, 2025, at 12:00 p.m.  \n1. There were present:  \nCHAIR:  \nA. Bjerde, Managing Director, Operations  \nEXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS:  \nPub lic Disc losure Authorized  \nZ.  \n*A.  \nA.  \nL.  \nM.  \nA.  \nM.  \nV.  \nA.  \nK.  \nP.  \nZ.  \nM.  \nAhmed  \nAlmulla  \nAlroomi Benmime  \nBugamelli  \nBuisse Chiliatto Gnanendran Gur Harrigan Iyer Kibwe  \nKrake  \nM. Krukowski  \nT. Lunde  \nA. Morozov  \nK. Rechico  \nE. Rhuggenaath  \nW. Saputra  \nT. Solbes  \nH. Tavares  \nK. Uemura  \nP. Wisner  \nO. Yamahuchi J. Ye  \nOFFICERS AND STAFF PARTICIPATING:  \nA. Kumar-Capoor, Vice President and Corporate Secretary  \nS. Musiime, Deputy General Counsel, Operations  \nS. Shah, Director, Strategy and Operations  \nI. Rocha, Director  \nE. Armas, Country Manager  \n*Join via virtual connection  \nFarewell to Mr. Michael Krake, Executive Director (Germany)  \n2. The Chair made the customary presentation to Mr. Michael Krake, Executive Director (Germany) on the expiration of his terms of service and tendered him good wishes for the future. The Executive Directors recorded their appreciation.  \nAdjournment  \n3. The meeting adjourned at 12:39 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  \non October 23, 2025  \nThese records of approval may not include IFC investments that remain under delayed disclosure process. Records of approval of any such investments will be included in future Board  \nMinutes once they are disclosed.  \nTHE EXECUTIVE DIRECTORS OF IBRD AND IDA  \nIndia-Bihar Water Security and Irrigation Modernization Project  \n1. The Executive Directors approved on October 23, 2025 a loan in the amount of JPY 51,520,000,000 (US$350 million equivalent) to India for a Bihar Water Security and Irrigation Modernization Project on the terms and conditions set out in the President’s Memorandum (R2025-0207, dated October 3, 2025) . Mr. Wisner wished to be recorded as abstaining.  \nIndia-Kerala Health Systems Improvement Program  \n2. The Executive Directors approved on October 23, 2025 a loan in the amount of US$280 million to India for a Kerala Health Systems Improvement Program on the terms and conditions set out in the President’s Memorandum (R2025-0203, dated October 3, 2025) . Mr. Wisner wished to be recorded as abstaining.  \nInspection Panel-Uganda-Investing in Forests and Protected Areas for Climate-Smart Development Project (P170466) -Request for Extension of the Deadline for Submitting the Management Response  \n3. The Executive Directors approved on October 23, 2025 an extension of a deadline for submitting the Management Response in the Request for Inspection for “Inspection PanelUganda-Investing in Forests and Protected Areas for Climate-Smart Development Project (P170466) -Request for Extension of the Deadline for Submitting the Management Response”from November 13, 2025 to December 1, 2025 (IDA/R2025-0279, dated October 17, 2025) .  \n******************************************************************************  \nTHE BOARD OF DIRECTORS OF IFC  \nCabo Verde-Investment in Cabo Verde Airports S.A. for the CV Airports II Project  \n4. The Board of Directors approved on October 23, 2025 an investment in Cabo VerdeCabo Verde Airports S.A. for the CV Airports II Project (IFC/R2025-0325, dated October 10, 2025) consisting of a Sustainability Linked A loan of up to EUR60 million for IFC’s own account, and EUR interest rate swaps to hedge the interest rate risk on up to EUR120 million of total senior debt. IFC will act as the sole hedge provider, with a loan equivalent exposure of up to US$6 million. Mr. Wisner wished to be recorded as abstaining.  \nThailand-Investment in MR. D.I.Y. Holding (Thailand) Public Company Limited for the MR.DIY Thailand Project  \n5. Th","cbCaigtvvuUcQDCH","https://ap.wps.com/l/cbCaigtvvuUcQDCH","pdf",174711,1,3,"English","en",105,"# Minutes of a Meeting\n## Attendance and opening remarks\n## Chair presentation and appreciation\n## Adjournment\n## Absence-of-Objection / streamlined approvals\n## IBRD and IDA loan approvals\n## IFC Board investment approvals","[{\"question\":\"When and where was the meeting held?\",\"answer\":\"The meeting was held in the Board Room on October 23, 2025 at 12:00 p.m.\"},{\"question\":\"What happened regarding Mr. Michael Krake during the meeting?\",\"answer\":\"The Chair made the customary presentation to Mr. Michael Krake upon expiration of his terms of service, and the Executive Directors recorded appreciation.\"},{\"question\":\"Which approvals were authorized under the absence-of-objection or streamlined basis?\",\"answer\":\"The minutes list approvals including IBRD/IDA loans for India projects (Bihar water security and irrigation modernization; Kerala health systems improvement) and an extension for the deadline to submit a Management Response for an Inspection Panel request.\"}]",1784490603,{"code":4,"msg":29,"data":30},"ok",{"site_id":24,"language":23,"slug":31,"title":13,"keywords":32,"description":14,"schema_data":33,"social_meta":84,"head_meta":86,"extra_data":88,"updated_unix":27},"minutes-of-a-meeting-of-the-executive-directors-of-ibrd-and-ida-and-boards-of-directors-of-ifc-and-miga-october-23-2025","",{"@graph":34,"@context":83},[35,51,66],{"@type":36,"itemListElement":37},"BreadcrumbList",[38,42,46,48],{"item":39,"name":40,"@type":41,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":43,"name":44,"@type":41,"position":45},"https://docshare.wps.com/document/","Document",2,{"item":47,"name":12,"@type":41,"position":21},"https://docshare.wps.com/document/research-report/",{"item":49,"name":13,"@type":41,"position":50},"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-october-23-2025/111542/",4,{"url":49,"name":13,"@type":52,"author":53,"headline":13,"publisher":55,"fileFormat":58,"inLanguage":23,"description":14,"dateModified":59,"datePublished":60,"encodingFormat":58,"isAccessibleForFree":61,"interactionStatistic":62},"DigitalDocument",{"name":9,"@type":54},"Person",{"url":39,"name":56,"@type":57},"DocShare","Organization","application/pdf","2026-07-21","2026-07-19",true,{"@type":63,"interactionType":64,"userInteractionCount":20},"InteractionCounter",{"@type":65},"ViewAction",{"@type":67,"mainEntity":68},"FAQPage",[69,75,79],{"name":70,"@type":71,"acceptedAnswer":72},"When and where was the meeting held?","Question",{"text":73,"@type":74},"The meeting was held in the Board Room on October 23, 2025 at 12:00 p.m.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"What happened regarding Mr. Michael Krake during the meeting?",{"text":78,"@type":74},"The Chair made the customary presentation to Mr. Michael Krake upon expiration of his terms of service, and the Executive Directors recorded appreciation.",{"name":80,"@type":71,"acceptedAnswer":81},"Which approvals were authorized under the absence-of-objection or streamlined basis?",{"text":82,"@type":74},"The minutes list approvals including IBRD/IDA loans for India projects (Bihar water security and irrigation modernization; 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