Minutes of a Meeting of the Executive Directors of the Bank and IDA via WebEx - March 18, 2021 - Executive Directors Approval of COVID-19 and Restructuring Items

Jul 19, 2026

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Minutes of a virtual WebEx meeting of the Executive Directors of the World Bank Group’s Bank and IDA held on March 18, 2021. The document records attendance, meeting administration, and deliberations on multiple President’s Memoranda, including approvals for COVID-19 emergency response and health systems preparedness restructuring and additional financing for Afghanistan, Bangladesh, and Nepal, with specified credit or grant amounts and conditions. It also documents an adjournment time and subsequent approvals by absence-of-objection or streamlined procedures, including financing actions for Mali, Serbia, Jamaica, and Lao PDR.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages4

Reading Time10 min

Minutes of the Meeting

Attendance and Participants

Consideration and Approval of President’s Memoranda

Adjournment

Absence-of-Objection and Streamlined Approvals

Public Disclosure Authorized Public Disclosure Authorized FROM: Vice President and Corporate Secretary Minutes of a Meeting of the Executive Directors ofthe Bank and IDA via WebEx on March 18, 2021 at 10:00 a.m. 1. There were present: CHAIR: A. van Trotsenburg, Managing Director, Operations EXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS: M. M. A. A. A. F. E. A. J. J. H. D. G. Ahmad Alam Alkhalaf Bedjaoui Bello Bouvet Bouzis Bucalossi Chang de Boer Demircan Favre Haarde M. H. B. D. L. M. T. P. V. K. E. A. Hasan Ikarashi Kang Kinder Levonian Medina Nyamadzabo Sewing Tamozhnikov Todani Valle Maestro Weintraub OFFICERS AND STAFF PARTICIPATING: D. Gaye, Vice President and Corporate Secretary D. Sullivan, Acting Senior Vice President and General Counsel H. Schafer, Regional Vice President M. Ferro, Vice president M. Pate, Global Director L. Sherburne-Benz, Regional Director H. Kerali, Country Director F. Hadad-Zervos, Country Director E. De Laurentiis, Chief Procurement Officer A. Tembon, Senior Health Specialist This 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. Afghanistan-Restructuring and Additional Grant-COVID-19 Emergency Response and Health Systems Preparedness Project under the Additional Financing to the COVID-19 Strategic Preparedness and Response Program (SPRP) using the Multiphase Programmatic Approach (MPA) 2. The Executive Directors considered the President’s Memorandum and Recommendation (IDA/R2021-0042, dated February 26, 2021) and approved the restructuring and the additional grant in the amount of SDR41.7 million (US$60 million equivalent) to Afghanistan for the COVID-19 Emergency Response and Health Systems Preparedness Project under the COVID-19 Strategic Preparedness and Response Program (SPRP) using the Multiphase Programmatic Approach (MPA) on the terms and conditions set out in the President’s Memorandum. Bangladesh-Restructuring and Additional Credit-COVID-19 Emergency Response and Pandemic Preparedness Project under the Additional Financing to the COVID-19 Strategic Preparedness and Response Program (SPRP) using the Multiphase Programmatic Approach (MPA) 3. The Executive Directors considered the President’s Memorandum and Recommendation (IDA/R2021-0035, dated February 26, 2021) and approved the restructuring and the additional credit in the amount of SDR 347.1 million (US$500 million equivalent) to Bangladesh for the COVID-19 Emergency Response and Pandemic Preparedness Project under the COVID-19 Strategic Preparedness and Response Program (SPRP) using the Multiphase Programmatic Approach (MPA) on the terms and conditions set out in the President’s Memorandum. Nepal-Restructuring and Additional Credit-COVID-19 Emergency Response and Health Systems Preparedness Project under the Additional Financing to the COVID-19 Strategic Preparedness and Response Program (SPRP) using the Multiphase Programmatic Approach (MPA) 4. The Executive Directors considered the President’s Memorandum and Recommendation (IDA/R2021-0039, dated February 26, 2021) and approved the restructuring and the additional credit in the amount of SDR52.1 million (US$75 million equivalent) to Nepal for the COVID-19 Emergency Response and Health Systems Preparedness Project under the COVID-19 Strategic Preparedness and Response Program (SPRP) using the Multiphase Programmatic Approach (MPA) on the terms and conditions set out in the President’s Memorandum. Adjournment 5. The meeting adjourned at 12:08 p.m. This 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. The following item(s) have

FAQs

When and how was the meeting held?

The Executive Directors’ meeting was held via WebEx on March 18, 2021 at 10:00 a.m., and adjourned at 12:08 p.m.

What kinds of items did the Executive Directors approve?

They considered President’s Memoranda and approved restructuring plus additional grant/credit amounts for COVID-19 emergency response and related health systems preparedness, including terms set out in the Memoranda.

Which countries were included in the additional financing or credit approvals?

Afghanistan, Bangladesh, and Nepal were approved for restructuring and additional grant/credit financing under the COVID-19 Strategic Preparedness and Response Program using the Multiphase Programmatic Approach.

Jul 19, 2026

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