[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110147-en":3,"doc-seo-110147-105":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},110147,549758146520,"Patrick","https://ap-avatar.wpscdn.com/avatar/80002397d8c0411e94?_k=1775819394049821470",8,"Research & Report","Minutes of a Meeting of the Executive Directors of IBRD and IDA - April 6, 2023 - Hybrid Capital Pilot Approval","Minutes record a meeting of the Executive Directors of IBRD and IDA held on April 6, 2023, including attendees, chair and participating officers, and formal restrictions on disclosure. The Executive Directors discussed a memorandum and a paper on approving an IBRD hybrid capital pilot for capital markets investors, up to $1 billion, under specified terms. Recorded positions include objections by Ms. Chang and Mr. Marshavin and abstentions by Ms. Nahon with Messrs. Gomes and Demircan. The meeting was adjourned at 11:48 a.m.","Public Disclosure Authorized Public Disclosure Authorized  \nMinutes of a Meeting of the Executive Directors of IBRD and IDA held in the Board Room on April 6, 2023, at 10:04 a.m.  \n1. There were present:  \nCHAIR:  \nA. Kant, Managing Director and WBG Chief Financial Officer  \nEXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS:  \nM.  \nN.  \nK.  \nM.  \nA.  \nJ.  \nJ.  \nH.  \nA.  \nD.  \nV.  \nE.  \nP.  \nAl Shamali Baloch  \nBawazier Bugamelli  \nBuisse Chang  \nClark Demircan Dlodlo Favre Gnanendran Gomes Iyer  \nR.  \nZ.  \nM.  \nA.  \nL.  \nR.  \nC.  \nI.  \nW.  \nH.  \nT.  \nE.  \nKachur Kibwe  \nKrake  \nKugler Lind Marshavin Nahon Park Saputra Tavares Tsuda  \nValle Maestro  \nOFFICERS AND STAFF PARTICIPATING:  \nM. Tembon, Vice President and Corporate Secretary  \nC. Frazier, Deputy General Counsel  \nR. Nagpal, Vice President and General Counsel, IFC  \nJ. Familiar Calderon, Vice President and Treasurer  \nA. Nishio, Vice President  \nG. Richardson, Director/Global Head of Capital Markets  \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  \nRequest for Approval of IBRD’s Hybrid Capital to Capital Markets Investors Pilot  \nProgram to Increase IBRD’s Financing Capacity  \n2. The Executive Directors discussed the Memorandum of the President and paper entitled“Request for Approval of IBRD’s Hybrid Capital to Capital Markets Investors Pilot Program to Increase IBRD’s Financing Capacity”(R2023-0065[IDA/R2023-0050]/1), dated  \nMarch 31, 2023) and approved a pilot of the capital markets investor purchased program for up to $1 billion on the terms and conditions set out in the President’s Memorandum. Ms. Chang and Mr. Marshavin wished to be recorded as objecting. Ms. Nahon, and Messrs. Gomes and Demircan as abstaining.  \nAdjournment  \n3. The meeting adjourned at 11:48 a.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  \nFROM: The Vice President and Corporate Secretary  \nMinutes of a Meeting of the Board of Directors ofIFC  \nheld in the Board Room on April 6, 2023, at 11:54 a.m.  \n1. There were present:  \nCHAIR:  \nM. Diop, IFC Managing Director and Executive Vice President  \nDIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS DIRECTORS:  \nL.  \nS.  \nN.  \nK.  \nE.  \nM.  \nH.  \nA.  \nO.  \nS.  \nP.  \nK.  \nZ.  \nAlbisson  \nAlmanza Baloch  \nBawazier Busygin Coelho Demircan Dlodlo  \nGraham Yamahuchi  \nHeuser Iyer Kaminski Kibwe  \nL.  \nA.  \nA.  \nH.  \nI.  \nW.  \nH.  \nG.  \nR.  \nH.  \nE.  \nW.  \nLind Mamdani McGee Murai Park Saputra Seifeldin Stoyanova Tasker  \nTavares Valle Maestro Yang  \nOFFICERS AND STAFF PARTICIPATING:  \nM. Tembon, the Corporate Secretary  \nR. Nagpal, Vice President and General Counsel  \nR. Puliti, Regional Vice President  \nI. Chatterton, Director  \nR. Riopelle, Senior Manager  \nA. Jagwani, Manager  \nE. Kushnareva, Chief Counsel  \nP. Ghosh, Principal Investment Officer  \nJ. Jiang, Investment Officer  \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  \nIndonesia-Investment in PT Karian Water Services for the Karian Water Supply Project  \n2. The Board of Directors ofIFC discussed the President’s Memorandum and a Report and approved the financing package to PT Karian Water Services for the Karian Water Supply Project in Indonesia consisting of: (i) an A loan of up to US$60 million or Indonesian Rupiah equivalent on IFC’s own account; (ii) a B loan of up to US$20 million on the account of B loan participants; (iii) a loan in the amount of up to US$15 million from IFC in its capacity as implementi","cbCaiupM279JR4Ta","https://ap.wps.com/l/cbCaiupM279JR4Ta","pdf",297931,1,12,"English","en",105,"# Minutes of a Meeting of the Executive Directors of IBRD and IDA\n## Attendees and Roles\n## Approval of the Hybrid Capital Pilot\n## Adjournment","[{\"question\":\"When was the IBRD and IDA Executive Directors meeting held and when was it adjourned?\",\"answer\":\"The meeting was held on April 6, 2023, and adjourned at 11:48 a.m.\"},{\"question\":\"What was the subject approved by the Executive Directors for the IBRD hybrid capital pilot?\",\"answer\":\"They approved a pilot program for capital markets investors purchased under IBRD hybrid capital, up to $1 billion, on the terms set out in the President’s Memorandum.\"},{\"question\":\"How were individual voting positions recorded during the approval?\",\"answer\":\"Ms. Chang and Mr. Marshavin were recorded as objecting, while Ms. Nahon and Messrs. Gomes and Demircan were recorded as abstaining.\"}]",1784484108,30,{"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-april-6-2023-hybrid-capital-pilot-approval","",{"@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-april-6-2023-hybrid-capital-pilot-approval/110147/",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 was the IBRD and IDA Executive Directors meeting held and when was it adjourned?","Question",{"text":74,"@type":75},"The meeting was held on April 6, 2023, and adjourned at 11:48 a.m.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"What was the subject approved by the Executive Directors for the IBRD hybrid capital pilot?",{"text":79,"@type":75},"They approved a pilot program for capital markets investors purchased under IBRD hybrid capital, up to $1 billion, on the terms set out in the President’s Memorandum.",{"name":81,"@type":72,"acceptedAnswer":82},"How were individual voting positions recorded during the approval?",{"text":83,"@type":75},"Ms. Chang and Mr. Marshavin were recorded as objecting, while Ms. Nahon and Messrs. Gomes and Demircan were recorded as abstaining.","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},[92,96,100,104,109,114,119,121,126,129,133],{"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":105,"doc_module":4,"doc_module_name":45,"category_name":106,"show_sort_weight":107,"slug":108},5,"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":45,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":45,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":28,"slug":120},"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":105,"slug":136},19,"General","general"]