[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-112396-en":3,"doc-seo-112396-105":30,"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":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},112396,137441390410,"Hazel","https://ap-avatar.wpscdn.com/avatar/2000252f4ab5702993?_k=1776741390130283984",8,"Research & Report","Minutes of a Meeting of the Executive Directors of IBRD and IDA and the Boards of Directors of IFC and MIGA - June 25, 2026","Minutes record the attendance, chairmanship, and participation of executive directors, alternates, and staff for a meeting held June 25, 2026 at scheduled times in the Board Room (including one session via videoconference). The executive directors discussed the President’s Memorandum and Report on the FY27 World Bank Group Budget and approved the recommendations presented. Separate agenda items included an Ethiopia Inclusive Growth Development Policy Operation, along with Togo eligibility for the Prevention and Resilience Allocation, including described grant, credit, and waiver terms.","Public Disclosure Authorized Public Disclosure Authorized  \nMinutes of a Meeting of the Executive Directors of IBRD and IDA and the Boards of  \nDirectors of IFC and MIGA  \nheld in the Board Room on June 25, 2026, at 9:02 a.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. Ahmed S. Maluck  \nM. Alghfais B. Maser  \nI. Amano L. Moghtader  \nA. Bedjaoui A. Morozov  \nM. Bugamelli R. Nicholl  \nM. Chiliatto S. Rawet  \nA. Das W. Saputra  \nO. Fuentes H. Seifeldin  \nA. Gur T. Solbes  \nL. Jones R. Staalduinen  \nZ. Kibwe H. Tavares  \nM. Lannoy R. Yasuda  \nY. Liu  \nOFFICERS AND STAFF PARTICIPATING:  \nA. Kumar-Capoor, Vice President and Corporate Secretary  \nD. Kiara, Deputy General Counsel  \nE. Paxson, Chief Counsel, IFC  \nC. Marsh, Director and General Counsel, MIGA  \nS. Maimbo, Vice President  \nE. Bourganskaia, Vice President, IFC  \nE. Mountfield, Vice President and Chief Financial Officer * K-T. Ho, Director  \nR. Poyyapakkam, Director  \nN. Marquier, Director  \n* via videoconference  \nFY27 World Bank Group Budget  \n2. The Executive Directors discussed the President’s Memorandum and Report entitled“FY27 World Bank Group Budget”(R2026-0085[IDA/R2026-0085, IFC/R2026-0101, MIGA/R2026-0040]/4, dated April 6, 2026, May 1, 2026, and June 11, 2026, respectively) and approved the recommendations contained in the last paragraph of the President’s Memorandum and detailed in Chapter 7 of the FY27 World Bank Group’s Budget document.  \nAdjournment  \n3. The meeting adjourned at 10:56 a.m.  \nMinutes of a Meeting of the Executive Directors of IBRD and IDA held in the Board Room on June 25, 2026, at 11:02 a.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:  \nR. Alsinaidi Z. Kibwe  \nA. Asprilla J. Lopez  \nA. Bedjaoui T. Lunde  \nP. Bonmartin S. Maluck  \nM. Bugamelli B. Maser  \nM. Chavali J. Medzhidova  \nB. Fleischman-Alaluf R. Nicholl  \nP. Fonseca M. Rodland-Allen  \nO. Graham H. Seifeldin  \nA. Gur H. Tavares  \nN. Hassan Y. Yan  \nV. James R. Yasuda  \nS. Khan  \nOFFICERS AND STAFF PARTICIPATING:  \nM. Mpundu, Acting Vice President and Corporate Secretary  \nS. Musiime, Deputy General Counsel, Operations  \nJ. Pascual, Senior Counsel  \nN. Diop, Regional Vice President *  \nO. Diagana, Regional Vice President  \nA. Dar, Director for Strategy and Operations  \nM. Wes, Director of Operations and Strategy  \nM. Salim, Division Director  \nM-C. Uwanyiligira, Division Director  \nH. Zaman, Regional Practice Director  \nA. Prasad, Practice Manager  \nR. Murgai, Practice Manager  \nM. Fam, Operations Manager  \nT. Verheijen, Country Manager *  \n* via videoconference  \nEthiopia-Inclusive Growth Development Policy Operation  \n2. The Executive Directors discussed the President’s Memorandum and Recommendation (IDA/R2026-0149;/2, dated June 2, 2026, and June 15, 2026, respectively) and approved a grant in the amount of SDR 619.6 million (US$850 million equivalent, comprising US$650  \nmillion equivalent from Ethiopia’s IDA Performance-Based Allocation and US$200 million equivalent from the IDA Crisis Response Window), and a credit in the amount of SDR 437.4 million (US$600 million equivalent) to Ethiopia for the Inclusive Growth Development Policy and the proposed waiver in paragraph 4, of the President’s Memorandum on the terms and conditions set out therein. Lailee Jane Moghtader wished to be recorded as abstaining  \nTogo-Eligibility Note for the Prevention and Resilience Allocation  \n3. The Executive Directors discussed the Eligibility Note for the Prevention and Resilience Allocation for Togo (IDA/R2026-0186, dated June 16, 2026) .  \nAdjournment  \n4. The meeting adjourned at 1:47 p.m.","cbCaigAiHjghMQTJ","https://ap.wps.com/l/cbCaigAiHjghMQTJ","pdf",124144,2,1,4,"English","en",105,"# Attendance and Opening\n## Officers and staff participating\n# Agenda and Decisions\n## FY27 World Bank Group Budget\n## Ethiopia-Inclusive Growth Development Policy Operation\n## Togo-Eligibility Note for the Prevention and Resilience Allocation\n# Adjournment","[{\"question\":\"When was the meeting held and when did it adjourn?\",\"answer\":\"The meeting was held on June 25, 2026. One session adjourned at 10:56 a.m., and a later session adjourned at 1:47 p.m.\"},{\"question\":\"What main topic did the executive directors approve regarding the FY27 budget?\",\"answer\":\"They discussed the President’s Memorandum and Report titled FY27 World Bank Group Budget and approved the recommendations contained in the memorandum’s last paragraph and detailed in Chapter 7 of the budget document.\"},{\"question\":\"What approvals were made for Ethiopia’s Inclusive Growth Development Policy Operation?\",\"answer\":\"The executive directors approved a grant of SDR 619.6 million and a credit of SDR 437.4 million, plus a proposed waiver in the President’s Memorandum, with terms and conditions set out therein.\"}]",1784494803,10,{"code":4,"msg":31,"data":32},"ok",{"site_id":25,"language":24,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":85,"head_meta":87,"extra_data":89,"updated_unix":28},"minutes-of-a-meeting-of-the-executive-directors-of-ibrd-and-ida-and-the-boards-of-directors-of-ifc-and-miga-june-25-2026","",{"@graph":36,"@context":84},[37,52,67],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,47,50],{"item":41,"name":42,"@type":43,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":20},"https://docshare.wps.com/document/","Document",{"item":48,"name":12,"@type":43,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":43,"position":22},"https://docshare.wps.com/document/minutes-of-a-meeting-of-the-executive-directors-of-ibrd-and-ida-and-the-boards-of-directors-of-ifc-and-miga-june-25-2026/112396/",{"url":51,"name":13,"@type":53,"author":54,"headline":13,"publisher":56,"fileFormat":59,"inLanguage":24,"description":14,"dateModified":60,"datePublished":61,"encodingFormat":59,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":55},"Person",{"url":41,"name":57,"@type":58},"DocShare","Organization","application/pdf","2026-07-21","2026-07-19",true,{"@type":64,"interactionType":65,"userInteractionCount":20},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"When was the meeting held and when did it adjourn?","Question",{"text":74,"@type":75},"The meeting was held on June 25, 2026. One session adjourned at 10:56 a.m., and a later session adjourned at 1:47 p.m.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"What main topic did the executive directors approve regarding the FY27 budget?",{"text":79,"@type":75},"They discussed the President’s Memorandum and Report titled FY27 World Bank Group Budget and approved the recommendations contained in the memorandum’s last paragraph and detailed in Chapter 7 of the budget document.",{"name":81,"@type":72,"acceptedAnswer":82},"What approvals were made for Ethiopia’s Inclusive Growth Development Policy Operation?",{"text":83,"@type":75},"The executive directors approved a grant of SDR 619.6 million and a credit of SDR 437.4 million, plus a proposed waiver in the President’s Memorandum, with terms and conditions set out therein.","https://schema.org",{"og:url":51,"og:type":86,"og:title":13,"og:site_name":57,"og:description":14},"article",{"robots":88,"canonical":51},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":91},[92,96,100,104,109,114,119,122,127,130,133],{"id":21,"doc_module":4,"doc_module_name":46,"category_name":93,"show_sort_weight":94,"slug":95},"Story & Novel",90,"story-novel",{"id":20,"doc_module":4,"doc_module_name":46,"category_name":97,"show_sort_weight":98,"slug":99},"Literature",80,"literature",{"id":22,"doc_module":4,"doc_module_name":46,"category_name":101,"show_sort_weight":102,"slug":103},"Exam",70,"exam",{"id":105,"doc_module":4,"doc_module_name":46,"category_name":106,"show_sort_weight":107,"slug":108},5,"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":46,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":46,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":46,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":46,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":29,"doc_module":4,"doc_module_name":46,"category_name":131,"show_sort_weight":29,"slug":132},"Lifestyle","lifestyle",{"id":134,"doc_module":4,"doc_module_name":46,"category_name":135,"show_sort_weight":105,"slug":136},19,"General","general"]