[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111742-en":3,"doc-seo-111742-105":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":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":28},111742,1099514067438,"River Wang","https://ap-avatar.wpscdn.com/avatar/100002539ee87300030?x-image-process=image/resize,m_fixed,w_180,h_180&k=1780474512215547542",8,"Research & Report","Minutes of a Meeting of the Executive Directors of IBRD - October 1, 2024","Minutes record the October 1, 2024 meeting of the IBRD Executive Directors, including attendance by the chair and executive directors, alternates, and participating officers. The record covers discussion of the President’s memorandum on establishing a financial intermediary fund for Ukraine and the approval of the recommendation on specified terms, with noted objections. The minutes also document adjournment time and subsequent approvals of selected IBRD/IDA and IFC/MIGA board items under an absence-of-objection or streamlined basis.","Public Disclosure Authorized Public Disclosure Authorized  \nMinutes of a Meeting of the Executive Directors of IBRD  \nheld in the Board Room on October 1, 2024, at 11:44 a.m.  \n1. There were present:  \nCHAIR:  \nA. van Trotsenburg, Senior Managing Director  \nEXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS:  \nZ.  \nA.  \nR.  \nA.  \nH.  \nF.  \nH.  \nH.  \nA.  \nT.  \nL.  \nA.  \nB.  \nAhmed  \nAlmulla  \nAlsinaidi Buisse Demircan Gorordo Imamura Jani Kikuchi Lunde  \nMagagula  \nMamdani  \nMaser  \nI.  \nN.  \nA.  \nN.  \nE.  \nC.  \nT.  \nE.  \nR.  \nH.  \nK.  \nW.  \nMenendez de Luarca Bellido Mohd Yassin  \nMorozov Putscher Rhuggenaath Risso Dominguez Shah  \nSta. Ana Tasker  \nTavares Wijeyewardene Yang  \nOFFICERS AND STAFF PARTICIPATING:  \nM. Tembon, Vice President and Corporate Secretary  \nC. Stephens, Senior Vice President and General Counsel  \nA. Bjerde, Managing Director, Operations  \n*A. Bassani, Regional Vice President  \n*A. Nishio, Vice President  \nC. Sanchez, Director, Strategy and Operations  \n*R. Saum, Country Director  \nB. Quesnel, Manager  \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.  \nEstablishment of a Financial Intermediary Fund for Ukraine  \n2. The Executive Directors discussed the President’s Memorandum and a document entitled“Establishment of a Financial Intermediary Fund for Ukraine”(R2024-0230, dated October 3, 2024) and approved the recommendation in paragraph 7 on the terms and conditions set out in the President’s Memorandum. Mr. Marshavin wished to be recorded as objecting.  \nAdjournment  \n3. The meeting adjourned at 12:46 p.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  \nbetween October 9, 2024 and October 10, 2024  \nTHE EXECUTIVE DIRECTORS OF IBRD AND IDA  \nPhilippines-Loan-Philippines Digital Infrastructure Project  \n1. The Executive Directors approved on October 10, 2024 a loan in the amount of EUR 268,222,000 (US$287,238,000 equivalent) to Philippines for a Philippines Digital Infrastructure Project on the terms and conditions set out in the President’s Memorandum (R2024-0216, dated September 23, 2024) .  \n******************************************************************************  \nTHE BOARD OF DIRECTORS OF IFC  \nPhilippines-Investment in Asialink Finance Corporation for the Asialink Loan Project  \n2. On October 9, 2024, the Board of Directors authorized management to proceed with an investment in Philippines-Asialink Finance Corporation for the Asialink Loan Project  \n(IFC/R2024-0302, dated September 27, 2024) consisting of: (i) a senior loan for an aggregate amount of up to (and not exceeding) US$150 million, comprising an A Loan of up to US$100 million to be disbursed in USD or its PHP equivalent and to be committed in two tranches and a B1 Loan of up to US$50 million for the account of participants; and (ii) a client risk management in the form of a cross-currency swap representing a loan equivalent exposure (LEQ) amount of up to US$7 million.  \nBrazil-Investment in Equatorial S.A.’s group of companies for the Equatorial Group Project  \n3. On October 10, 2024, the Board of Directors authorized management to proceed with an investment in Brazil-Equatorial S.A.’s group of companies for the Equatorial Group Project (IFC/R2024-0304, dated September 30, 2024) consisting of a loan package of up to US$250 million in aggregate to Equatorial Group, encompassing A Loans in an amount of up to US$175 million for IFC’s own account, and a B1 Loan for the account of participants, or a B2 Loan for the account of parti","cbCaig4htpdyAT3i","https://ap.wps.com/l/cbCaig4htpdyAT3i","pdf",172234,1,4,"English","en",105,"# Meeting minutes\n## Attendance and participation\n## Discussion and approvals\n## Adjournment\n## Streamlined approvals (Oct 9–10, 2024)","[{\"question\":\"Who attended the October 1, 2024 meeting of the IBRD Executive Directors?\",\"answer\":\"The minutes list the chair and the executive directors, alternates, and temporary alternates acting as executive directors, along with participating officers and staff.\"},{\"question\":\"What topic was discussed and approved regarding Ukraine?\",\"answer\":\"The Executive Directors discussed the President’s memorandum on establishing a financial intermediary fund for Ukraine and approved the recommendation on the terms and conditions stated in the memorandum, with Mr. Marshavin recorded as objecting.\"},{\"question\":\"What approvals were authorized after the meeting under absence-of-objection or streamlined basis?\",\"answer\":\"The minutes record approvals between October 9 and October 10, 2024, including IBRD loan actions for a digital infrastructure project in the Philippines, IFC investments in Asialink Finance Corporation and Equatorial S.A. group companies, and MIGA concurrence on guarantee(s) related to Virunga 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attended the October 1, 2024 meeting of the IBRD Executive Directors?","Question",{"text":74,"@type":75},"The minutes list the chair and the executive directors, alternates, and temporary alternates acting as executive directors, along with participating officers and staff.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"What topic was discussed and approved regarding Ukraine?",{"text":79,"@type":75},"The Executive Directors discussed the President’s memorandum on establishing a financial intermediary fund for Ukraine and approved the recommendation on the terms and conditions stated in the memorandum, with Mr. Marshavin recorded as objecting.",{"name":81,"@type":72,"acceptedAnswer":82},"What approvals were authorized after the meeting under absence-of-objection or streamlined basis?",{"text":83,"@type":75},"The minutes record approvals between October 9 and October 10, 2024, including IBRD loan actions for a digital infrastructure project in the Philippines, IFC investments in 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