[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110215-en":3,"doc-seo-110215-105":28,"detail-sidebar-cat-0-en-105":89},{"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":11},110215,8796095360427,"Lucas Martin","https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d",8,"Research & Report","Minutes of a Meeting of the Executive Directors of the Bank and IDA and the Board of Directors of IFC - October 28, 2021 - Meeting minutes and approvals","Minutes record the WebEx meeting of the Executive Directors of the Bank and IDA and the Board of Directors of IFC held on October 28, 2021 at 2:00 p.m. The minutes list chairs, executive directors and participating officers/staff, then document board discussions of the President’s Memorandum and related reports. Approvals include IFC investment in the BEST Bond Fund under defined equity and senior tranches and an IDA19 blended finance allocation for a partial guarantee. The meeting adjourned at 3:34 p.m.","Public Disclosure Authorized Public Disclosure Authorized  \nMinutes of a Meeting of the Executive Directors ofthe Bank and IDA and the Board of Directors ofIFC  \nheld via WebEx on October 28, 2021 2:00 p.m.  \n1. There were present:  \nCHAIRS:  \nS. von Friedeburg, Senior Vice President, IFC  \nA. Kant, Managing Director and WBG Chief Financial Officer  \nEXECUTIVE DIRECTORS, ALTERNATES, TEMPORARY ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS:  \nC.  \nM.  \nS.  \nA.  \nN.  \nV.  \nF.  \nF.  \nM.  \nH.  \nD.  \nD.  \nB.  \nAcosta Ahmad Alam Alqifari Baloch  \nBassant Bilbeisi Bouvet Coelho Demircan Favre Harris Kang  \nL.  \nY.  \nM.  \nN.  \nG.  \nN.  \nG.  \nA.  \nI.  \nR.  \nK.  \nA.  \nLind Liu Medina Putscher Rogers Rono Rozenova Sasaki Shervarli  \nSrinivasakrishnana Todani Weintraub  \nOFFICERS AND STAFF PARTICIPATING:  \nC. Stephens, Vice President and General Counsel, IFC  \nS. Ramasamy, Acting Senior Vice President and General Counsel  \nM. Garcia, Acting Vice President and Corporate Secretary  \nP. de Bolle, Senior Director, IFC  \nX. Jordan, Chief Investment Officer, IFC  \nS. Maimbo, Director, IDA Mobilization and IBRD Corporate Finance  \nP. Yeboah, Investment Officer, IFC  \nP. Mazurkiewicz, Principal Environmental Specialist, IFC  \nWorld Region-IFC Investment in Build-Back-Better Emerging Market Sustainable Finance Transaction (BEST) Bond Fund and Support from the IDA19 IFC-MIGA Private Sector Window Blended Finance Facility to the IFC investment in the BEST Bond Fund  \n2. The Board of Directors ofIFC discussed the President’s Memorandum and a Report and approved the investment by IFC in Build-Back-Better Emerging Market Sustainable Finance Transaction, or BEST, Bond Fund in the World Region consisting of: (i) up to US$140 million in the Equity Tranche; and (ii) up to US$100 million in the Senior Tranche, both for IFC’s own account (IFC/R2021-0243, dated October 15, 2021) and adopted Resolution No. IFC2021-0017.  \nThe Executive Directors of IDA discussed the President’s Memorandum and Recommendation (IDA/R2021-0285, dated October 15, 2021) and approved an allocation from the IDA19 IFC-MIGA Private Sector Window (PSW) Blended Finance Facility of up to US$60 million to provide an unfunded Partial Guarantee to support IFC’s investment in the BEST Bond Fund on the terms and conditions set out in the President’s Memorandum.  \nAdjournment  \n3. The meeting adjourned at 3:34 p.m.  \nThe following item(s) have been approved on an Absence-of-Objection Basis or have been authorized to proceed on a streamlined basis between October 27, 2021 and October 28, 2021  \nTHE BOARD OF DIRECTORS OF IFC  \nIndonesia-Investment in PT Cisarua Mountain Dairy Tbk for the Cimory Equity Project  \n1. The Board of Directors approved on October 27, 2021 an investment in Indonesia-PT Cisarua Mountain Dairy Tbk for the Cimory Equity Project (IFC/R2021-0244, dated October 15, 2021) in the form of a straight equity of up to IDR321 billion (not exceeding US$22.5 million) .  \nVietnam-Investment in T&J Green Energy Company Limited for Bac Ninh WTE Project  \n2. The Board of Directors approved on October 27, 2021 an investment in Vietnam-T&J Green Energy Company Limited for Bac Ninh WTE Project (IFC/R2021-0242, dated October 15, 2021) in the amount of up to US$30 million consisting of: (i) an “A” loan of up to US$15 million for IFC's own account, and (ii) a loan in the amount of up to US$15 million from IFC in its capacity as implementing entity of the Finland-IFC Blended Finance for Climate Program, both with a tenor of up to 10 years.","cbCaip4d47RVGJYR","https://ap.wps.com/l/cbCaip4d47RVGJYR","pdf",97247,1,3,"English","en",105,"# Meeting Overview\n## Attendees\n## Approvals and Resolutions\n## Adjournment\n## Absence-of-Objection Basis Items","[{\"question\":\"When and how was the meeting held?\",\"answer\":\"The meeting was held via WebEx on October 28, 2021, starting at 2:00 p.m. It adjourned at 3:34 p.m.\"},{\"question\":\"What did the IFC Board approve regarding the BEST Bond Fund?\",\"answer\":\"The Board approved IFC’s investment in the BEST Bond Fund, including up to US$140 million for the Equity Tranche and up to US$100 million for the Senior Tranche for IFC’s own account, adopting the specified resolution.\"},{\"question\":\"What did the IDA Executive Directors approve to support the BEST Bond Fund investment?\",\"answer\":\"The IDA Executive Directors approved an allocation from the IDA19 IFC-MIGA Private Sector Window Blended Finance Facility of up to US$60 million to provide an unfunded partial guarantee under the terms in the President’s Memorandum.\"}]",1784484416,{"code":4,"msg":29,"data":30},"ok",{"site_id":24,"language":23,"slug":31,"title":13,"keywords":32,"description":14,"schema_data":33,"social_meta":84,"head_meta":86,"extra_data":88,"updated_unix":27},"minutes-of-a-meeting-of-the-executive-directors-of-the-bank-and-ida-and-the-board-of-directors-of-ifc-october-28-2021-meeting-minutes-and-approvals","",{"@graph":34,"@context":83},[35,51,66],{"@type":36,"itemListElement":37},"BreadcrumbList",[38,42,46,48],{"item":39,"name":40,"@type":41,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":43,"name":44,"@type":41,"position":45},"https://docshare.wps.com/document/","Document",2,{"item":47,"name":12,"@type":41,"position":21},"https://docshare.wps.com/document/research-report/",{"item":49,"name":13,"@type":41,"position":50},"https://docshare.wps.com/document/minutes-of-a-meeting-of-the-executive-directors-of-the-bank-and-ida-and-the-board-of-directors-of-ifc-october-28-2021-meeting-minutes-and-approvals/110215/",4,{"url":49,"name":13,"@type":52,"author":53,"headline":13,"publisher":55,"fileFormat":58,"inLanguage":23,"description":14,"dateModified":59,"datePublished":60,"encodingFormat":58,"isAccessibleForFree":61,"interactionStatistic":62},"DigitalDocument",{"name":9,"@type":54},"Person",{"url":39,"name":56,"@type":57},"DocShare","Organization","application/pdf","2026-07-22","2026-07-19",true,{"@type":63,"interactionType":64,"userInteractionCount":20},"InteractionCounter",{"@type":65},"ViewAction",{"@type":67,"mainEntity":68},"FAQPage",[69,75,79],{"name":70,"@type":71,"acceptedAnswer":72},"When 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