[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111620-en":3,"doc-seo-111620-105":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},111620,7971461740886,"Theodore","https://ap-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2",8,"Research & Report","Minutes of a Meeting of the Executive Directors of IBRD - May 21, 2024","Minutes record attendance, chair and participating officers, and the board proceedings of the Executive Directors of IBRD on May 21, 2024. The Executive Directors reviewed the President’s Memorandum and Recommendation (R2024-0087) and approved a financing envelope totaling US$500 million equivalent, including EUR 32.4 million (US$35 million equivalent) for Phase 1 of the multi-phase programmatic approach. The meeting adjourned at 11:24 a.m., with additional items approved on an absence-of-objection basis.","Public Disclosure Authorized Public Disclosure Authorized  \nMinutes of a Meeting of the Executive Directors of IBRD  \nheld in the Board Room on May 21, 2024, at 10:02 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.  \nL.  \nM.  \nM.  \nA.  \nD.  \nM.  \nO.  \nT.  \nS.  \nH.  \nJ.  \nAdam Soule Albisson  \nAlghfais Coelho  \nDalyono  \nDlodlo Favre Finaish Fuentes Ho Hwang Jani Jonasson  \nL.  \nZ.  \nM.  \nI.  \nA.  \nH.  \nK.  \nE.  \nH.  \nE.  \nW.  \nA.  \nJones Kibwe  \nKrake  \nMenendez De Luarca Bellido Morozov  \nMurai Rechico Rhuggenaath Seifeldin Sta Ana Yang Yener  \nOFFICERS AND STAFF PARTICIPATING:  \nS. Shah, Acting Vice President and Corporate Secretary  \nS. Musiime, Deputy General Counsel, Operations  \nA. Bassani, Regional Vice President  \nC. Sanchez, Director, Strategy and Operations  \nC. Cormier, Regional Director  \n*R. Pryce, Country Director  \nS. Gil, Practice Manager  \nJ. Huenteler, Senior Energy Specialist  \n*P. Avato, Principal Operations Officer  \n*via videoconference  \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.  \nGeorgia-IBRD Financing Envelope and Loan-Enhancing Energy Security through Power Interconnection and Renewable Energy Program (ESPIRE) as Phase 1 of a MultiPhase Programmatic Approach (MPA)  \n2. The Executive Directors discussed the President’s Memorandum and Recommendation (R2024-0087, dated May 1, 2024) and approved a financing envelope of an amount of US$500 million equivalent, including a loan in the amount of EUR 32.4 million (US$35 million equivalent) for Phase 1 ofthe MPA on the terms and conditions set out in the President’s Memorandum.  \nAdjournment  \n3. The meeting adjourned at 11:24 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.  \nThe following item(s) have been approved on an Absence-of-Objection Basis or have been authorized to proceed on a streamlined basis between May 17, 2024 and May 21, 2024  \nTHE EXECUTIVE DIRECTORS OF IBRD AND IDA  \nCote d’Ivoire-Additional Credit-West Africa Coastal Areas Resilience Investment Project  \n1. The Executive Directors approved on May 17, 2024 a credit in the amount of EUR 6.5 million (US$7 .0 million equivalent) to Cote d’Ivoire for a West Africa Coastal Areas Resilience  \nInvestment Project on the terms and conditions set out in the President’s Memorandum (IDA/R2024-0103;/1-5, dated May 1, 2024, May 1, 2024, May 1, 2024, May 1, 2024, and May 15, 2024 respectively) .  \nBrazil-Loan-Espírito Santo Digital Acceleration Project  \n2. The Executive Directors approved on May 17, 2024 a loan in the amount of US$61 .216 million to the state of Espirito Santo with a guarantee from Brazil for an Espírito Santo Digital Acceleration Project on the terms and conditions set out in the President’s Memorandum (R2024-0084, dated April 30, 2024) .  \nBrazil-Loan-Brazil: Pernambuco Rural Water and Sanitation Project (PROSAR)  \n3. The Executive Directors approved on May 17, 2024 a loan in the amount of US$90 million to the state of Pernambuco with a guarantee from Brazil for a Brazil: Pernambuco Rural Water and Sanitation Project (PROSAR) on the terms and conditions set out in the President’s Memorandum (R2024-0085, dated April 30, 2024) .  \nMembership of Suriname (Adoption of Resolution and Board of Voting)  \n4. The Executive Directors approved on May 20, 2024 the report and the record of voting attached thereto entitled “Membership of Suriname (Adoption of Resolution and Record of Voting)”(IDA/R2024-0124, dated May 9, 2024) .  \nSomalia-Second Additional Grant-Somalia Recurrent Cost and Reform Financing Project-Phase III-Additi","cbCaipW3ELUzF4BS","https://ap.wps.com/l/cbCaipW3ELUzF4BS","pdf",178795,1,5,"English","en",105,"# Meeting Details\n## Attendance and Roles\n## President’s Memorandum and Approvals\n## Adjournment and Approved Items","[{\"question\":\"When was the IBRD Executive Directors meeting held and when did it adjourn?\",\"answer\":\"The meeting was held on May 21, 2024 at 10:02 a.m., and adjourned at 11:24 a.m.\"},{\"question\":\"What financing envelope was approved for Phase 1?\",\"answer\":\"The Executive Directors approved a financing envelope of US$500 million equivalent, including a Phase 1 loan of EUR 32.4 million (US$35 million equivalent).\"},{\"question\":\"What kinds of additional items were approved during the period between May 17 and May 21, 2024?\",\"answer\":\"Items were approved on an absence-of-objection basis or authorized to proceed on a streamlined basis, covering specific country projects and actions described in the minutes.\"}]",1784490952,13,{"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-may-21-2024","",{"@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-may-21-2024/111620/",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 Executive Directors meeting held and when did it adjourn?","Question",{"text":74,"@type":75},"The meeting was held on May 21, 2024 at 10:02 a.m., and adjourned at 11:24 a.m.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"What financing envelope was approved for Phase 1?",{"text":79,"@type":75},"The Executive Directors approved a financing envelope of US$500 million equivalent, including a Phase 1 loan of EUR 32.4 million (US$35 million equivalent).",{"name":81,"@type":72,"acceptedAnswer":82},"What kinds of additional items were approved during the period between May 17 and May 21, 2024?",{"text":83,"@type":75},"Items were approved on an absence-of-objection basis or authorized to proceed on a streamlined basis, covering specific country projects and actions described in the minutes.","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"]