Minutes of a Meeting of the Executive Directors of IBRD held on October 15, 2024 - Meeting minutes and approvals

Jul 19, 2026

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Minutes record the proceedings of the Executive Directors of the IBRD in the Board Room on October 15, 2024, including attendance, participating officers and staff, and agenda items. The meeting covers approvals of recommendations related to IBRD loan pricing adjustments and minimum equity-to-loan ratio risk appetite, with specific members recorded as objecting or abstaining. The document also includes subsequent sessions covering multiple World Bank Group boards, including discussion of country partnership frameworks and authorizations on an absence-of-objection basis.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages7

Reading Time18 min

Attendance and call to order

October 15, 2024 (10:05 a.m.)

IBRD approvals and recorded positions

Adjournment and subsequent session

October 15, 2024 (2:29 p.m.)

October 15, 2024 (3:53 p.m.)

Absence-of-objection and streamlined approvals

Public Disclosure Authorized Public Disclosure Authorized Minutes of a Meeting of the Executive Directors of IBRD held in the Board Room on October 15, 2024, at 10:05 a.m. 1. There were present: CHAIR: A. Kant, Managing Director and WBG Chief Financial Officer EXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS: Z. M. A. M. A. J. M. H. V. P. M. B. A. Ahmed Alghfais Almulla Bugamelli Buisse Chang Chiliatto Demircan Gnanendran Iyer Krake Maser Morozov F. D. G. K. E. W. T. H. K. E. K. P. Ngaruko Pierini Rawet Rechico Rhuggenaath Saputra Shah Tavares Uemura Valle Maestro Wijeyewardene Wisner OFFICERS AND STAFF PARTICIPATING: M. Tembon, Vice President and Corporate Secretary J. Frazier, Deputy General Counsel L. Shyam-Sunder, Vice President and WBG Chief Risk Officer J. Familiar, Vice President and Treasurer G. Vincelette, Director Y. Zhang, Director T. Sundararaman, Senior Adviser IBRD’s Policy Minimum Equity-to-Loan Ratio: Risk Appetite Revised Proposal on Adjustments to IBRD Loan Pricing 2. The Executive Directors approved the recommendation in paragraph 5 on the terms and conditions set out in the Memorandum of the President of the document entitled “IBRD Minimum Equity-to-Loan Ratio: Risk Appetite”(R2024-0225, dated September 30) . Mr. Marshavin wished to be recorded as objecting. Mmes. Chang and Rawet and Messrs. Demircanand Shah wished to be recorded as abstaining. The Executive Directors approved the recommendation in paragraph 6 on the terms and conditions set out in the Memorandum of the President of the document entitled “Revised Proposal on Adjustments to IBRD Loan Pricing (R2024-0226, dated September 30, 2024) . Adjournment 3. The meeting adjourned at 12:12 p.m. Minutes of a Meeting of the Executive Directors of IBRD and IDA and the Boards of Directors of IFC and MIGA held in the Board Room on October 15, 2024, at 2:29 p.m. 1. There were present: CHAIR: H. Matano, Executive Vice President, MIGA EXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS: Z. Ahmed A. Almulla F. Alswied G. Baldivieso Pantoja P. Bonmartin V. Goncalves Cavalcanti M. Guido S. Khan S.-W. Kim M. Krake M. Kratochvil M. Krukowski B. Langrin A. N. A. L. E. A. R. H. K. E. P. W. Maleki Mohd Yassin Morozov Nielsen Rhuggenaath Shariff Tasker Tavares Uemura Valle Maestro Wisner Yang OFFICERS AND STAFF PARTICIPATING: M. Tembon, Vice President and Corporate Secretary A. Musiime, Deputy General Counsel, Operations G. Tanyi, Chief Counsel, IFC M. Ferro, Regional Vice President M. Sherman, Country Director T. Meyer, Country Manager E. Morella, Manager S. Madan, Director, MIGA * K. Lim, Director, IFC *T. Hoque, Resident Representative, IFC OTHER PARTICIPANT: K. Kashiwase, Deputy Division Chief *via videoconference Cambodia-Country Partnership Framework 2. The Executive Directors discussed the joint IDA/IFC/MIGA Country Partnership Framework for Cambodia for the period ofFY25-FY29 (IDA/R2024-0262 [IFC/R2024-0291, MIGA/R2024-0104], dated September 20, 2024) . Adjournment 3. The meeting adjourned at 3:53 p.m. The following item(s) have been approved on an Absence-of-Objection Basis or have been authorized to proceed on a streamlined basis between October 11, 2024 and October 15, 2024 THE EXECUTIVE DIRECTORS OF IBRD AND IDA St. Vincent and the Grenadines-Credit-Beryl Emergency Resilient Recovery Project 1. The Executive Directors approved on October 11, 2024 a credit in the amount of US$63 million to St. Vincent and the Grenadines-Beryl Emergency Resilient Recovery Project on the terms and conditions set out in the President’s Memorandum (IDA/R2024-0277, dated October 2, 2024) . Ms. Chang wished to be recorded as objecting. Inspection Panel-Request for Inspection-Pakistan: Khyber Pass

FAQs

What meeting date and time are covered in these minutes for the IBRD Executive Directors?

The minutes document an IBRD Executive Directors meeting held on October 15, 2024, with a session starting at 10:05 a.m. and adjournments noted later in the day.

Which topics were approved by the Executive Directors at the October 15, 2024 meeting?

Approvals include recommendations on the IBRD Minimum Equity-to-Loan Ratio: Risk Appetite and adjustments to IBRD loan pricing terms and conditions.

How are members’ positions on recommendations recorded in the minutes?

The minutes explicitly note when specific Executive Directors wished to be recorded as objecting or abstaining regarding the approved recommendations.

Jul 19, 2026

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