[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109849-en":3,"doc-seo-109849-105":31,"detail-sidebar-cat-0-en-105":91},{"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":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},109849,962075114765,"Quinn","https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd",8,"Research & Report","Minutes of a Meeting of the Executive Directors of the Bank and IDA via WebEx - November 24, 2020","Minutes record the attendance, deliberations, and outcomes of a WebEx meeting of the Executive Directors of the Bank and IDA held on November 24, 2020 at 9:59 a.m. The Executive Directors reviewed the President’s Memorandum and Recommendation and approved a development policy loan of $500 million to Ecuador for the Third Inclusive and Sustainable Growth Development Policy Loan. The meeting adjourned at 11:25 a.m. Approvals include absence-of-objection and streamlined actions covering additional financing and IFC and MIGA-related investments and guarantees.","Public Disclosure Authorized Public Disclosure Authorized  \nFROM: Vice President & Corporate Secretary  \nMinutes of a Meeting of the Executive Directors ofthe Bank and IDA via WebEx on November 24, 2020 at 9:59 a.m.  \n1. There were present:  \nCHAIR:  \nM. Pangestu, Managing Director, Development Policy and Partnerships  \nEXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS:  \nH.  \nA.  \nF.  \nM.  \nH.  \nG.  \nM.  \nD.  \nL.  \nR.  \nA.  \nA.  \nM.  \nAhmad Alqifari Bouvet Coelho Demircan Haarde  \nHasan Kinder Levonian Khullar Kouagou Manuel Medina  \nDJ.  \nT.  \nN.  \nV.  \nS.  \nC.  \nT.  \nE.  \nN.  \nA.  \nK.  \nF.  \nNordquist Nyamadzabo Ray Tamozhnikov Tarar  \nThiel  \nTsuda  \nValle Maestro Vujosevic Wientraub Zajdel-Kurowska Zang  \nOFFICERS AND STAFF PARTICIPATING:  \nC. Reinhart, Vice President and Chief Economist, DEC  \nD. Gaye, Vice President and Corporate Secretary  \nC. Frazier, Deputy General Counsel  \nC. Jaramillo, Vice President Latin America & Caribbean Region  \nM. Fay, Country Director  \nT. Goodwin, Senior Country Economist  \nEcuador – Third Inclusive and Sustainable Growth Development Policy Loan  \n2. The Executive Directors considered the President’s Memorandum and Recommendation (R2020- 0207; /2, dated November 5, 2020 and November 19, 2020, respectively) and approved the development policy loan in the amount of $500 million to Ecuador for the Third Inclusive and Sustainable Growth Development Policy Loan.  \nAdjournment  \n3. The meeting adjourned 11:25 a.m.  \nThe following item(s) have been approved on an Absence-of-Objection Basis or have been authorized to proceed on a streamlined basis  \nbetween November 20--24, 2020  \nTHE EXECUTIVE DIRECTORS OF THE BANK AND IDA  \nCameroon – Additional Financing – Education Reform Support Project  \n1. The Executive Directors approved on November 24, 2020 the additional credit in the amount of EUR 38.5 million (US$45.0 million equivalent) to Cameroon for the Education Reform Support Project on the terms and conditions set out in the President’s Memorandum (IDA/R2020-0367, dated November 5, 2020) .  \n**********************************************************************************  \nTHE BOARD OF DIRECTORS OF IFC  \nMongolia – Investment in MCS Holding LLC and Unitel LLC  \n2. The Board of Directors approved on November 20, 2020 an investment in Mongolia – MCS Holding LLC and Unitel LLC (IFC/R2020-0227, dated November 10, 2020) in the form of an “A” loan of up to US$130 million, which may include a loan of up to US$30 million equivalent in Mongolian tugrik.  \nKenya – Investment in Co-op Bank Tier II  \n3. The Board of Directors approved on November 23, 2020 an investment in Kenya – Co-op Bank Tier II (IFC/R2020-0228, dated November 11, 2020) in the form of a subordinated loan of up to US$75.0 million.  \n***********************************************************************************  \nTHE EXECUTIVE DIRECTORS OF THE BANK AND IDA AND THE BOARD OF  \nDIRECTORS OF MIGA  \nLiberia and Sierra Leone – Guarantees to ESCOTEL Mauritius or its Group Companies from the Republic of Mauritius for its Investments in Escotel Liberia Inc. and Escotel Sierra Leone Limited and  \nLiberia and Sierra Leone – Support from the IDA19 IFC-MIGA Private Sector Window (PSW) MIGA Guarantee Facility (MGF) to the Proposed Multilateral Investment Guarantee Agency (MIGA) Guarantees to Escotel Mauritius for Investments in Escotel Liberia Inc. and Escotel Sierra Leone Limited  \n4. The Board of Directors approved on November 20, 2020 the MIGA guarantees to ESCOTEL Mauritius or its group companies from the Republic of Mauritius for its investments in Escotel Liberia Inc., and Escotel Sierra Leone Limited in Liberia and Sierra Leone. The Project would be supported by a proposed allocation from the IDA19 IFC-MIGA Private Sector Window MIGA Guarantee Facility.  \n5. The Executive Directors approved on November 20, 2020 an allocation from the IDA19 IFCMIGA Private Sector Window (PSW) MIGA Guarantee Facility (M","cbCaitW7IMN4IPc2","https://ap.wps.com/l/cbCaitW7IMN4IPc2","pdf",226133,3,1,4,"English","en",105,"# Attendance and Opening\n## Present Parties and Participating Staff\n# Consideration and Approvals\n## President’s Memorandum for Ecuador Development Policy Loan\n## Additional Financing and Investment/Guarantee Items\n# Adjournment","[{\"question\":\"When and how was the meeting held?\",\"answer\":\"The meeting was held via WebEx on November 24, 2020 at 9:59 a.m.\"},{\"question\":\"What major approval did the Executive Directors make regarding Ecuador?\",\"answer\":\"They approved a development policy loan of $500 million to Ecuador for the Third Inclusive and Sustainable Growth Development Policy Loan.\"},{\"question\":\"What time did the meeting adjourn?\",\"answer\":\"The meeting adjourned at 11:25 a.m.\"}]","Minutes of a Meeting of the Executive Directors of the Bank and IDA via WebEx - November 24, 2020 | PDF",1784482679,10,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":29},"minutes-of-a-meeting-of-the-executive-directors-of-the-bank-and-ida-via-webex-november-24-2020","",{"@graph":37,"@context":85},[38,53,68],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,49,51],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":48},"https://docshare.wps.com/document/","Document",2,{"item":50,"name":12,"@type":44,"position":20},"https://docshare.wps.com/document/research-report/",{"item":52,"name":13,"@type":44,"position":22},"https://docshare.wps.com/document/minutes-of-a-meeting-of-the-executive-directors-of-the-bank-and-ida-via-webex-november-24-2020/109849/",{"url":52,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":24,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":42,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-31","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"When and how was the meeting held?","Question",{"text":75,"@type":76},"The meeting was held via WebEx on November 24, 2020 at 9:59 a.m.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"What major approval did the Executive Directors make regarding Ecuador?",{"text":80,"@type":76},"They approved a development policy loan of $500 million to Ecuador for the Third Inclusive and Sustainable Growth Development Policy Loan.",{"name":82,"@type":73,"acceptedAnswer":83},"What time did the meeting adjourn?",{"text":84,"@type":76},"The meeting adjourned at 11:25 a.m.","https://schema.org",{"og:url":52,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":52},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":92},[93,97,101,105,110,115,120,123,128,131,134],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":48,"doc_module":4,"doc_module_name":47,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":22,"doc_module":4,"doc_module_name":47,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":47,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":111,"doc_module":4,"doc_module_name":47,"category_name":112,"show_sort_weight":113,"slug":114},6,"Technology",50,"technology",{"id":116,"doc_module":4,"doc_module_name":47,"category_name":117,"show_sort_weight":118,"slug":119},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":47,"category_name":12,"show_sort_weight":121,"slug":122},30,"research-report",{"id":124,"doc_module":4,"doc_module_name":47,"category_name":125,"show_sort_weight":126,"slug":127},9,"Religion & Spirituality",20,"religion-spirituality",{"id":126,"doc_module":4,"doc_module_name":47,"category_name":129,"show_sort_weight":126,"slug":130},"World Cup","world-cup",{"id":30,"doc_module":4,"doc_module_name":47,"category_name":132,"show_sort_weight":30,"slug":133},"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":47,"category_name":136,"show_sort_weight":106,"slug":137},19,"General","general"]