[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110804-en":3,"doc-seo-110804-105":29,"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":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},110804,1374391974468,"Eden","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","Minutes of a Meeting of the Executive Directors of the Bank via WebEx - February 1, 2022","Minutes document the proceedings of a WebEx meeting of the Bank’s Executive Directors held on February 1, 2022 at 09:59 a.m., including attendance of chair, Executive Directors and alternates, participating officers and staff, and other IMF representatives. The record notes consideration of the President’s memorandum and approval of a US$700 million development policy loan for Ecuador. It also lists subsequent approvals for specific IDA and IFC/IFC Board items, followed by adjournment at 11:26 p.m.","Public Disclosure Authorized Public Disclosure Authorized  \nMinutes of a Meeting of the Executive Directors ofthe Bank via WebEx on February 1, 2022 at 09:59 a.m.  \n1. There were present:  \nCHAIR:  \nA. van Trotsenburg, Managing Director, Operations  \nEXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS:  \nE.  \nM.  \nM.  \nA.  \nN.  \nF.  \nE.  \nM.  \nT.  \nH.  \nE.  \nM.  \nF.  \nAcevedo Ahmad Alam Alkhalaf Baloch Bouvet  \nBouzis Bugamelli Chrimes Demircan Grigoryan Hasan Kidane  \nL.  \nM.  \nK.  \nA.  \nN.  \nA.  \nP.  \nE.  \nC.  \nK.  \nK.  \nT.  \nLind Medina Morcos Ouro Samah Ray  \nSasaki Suarez Sycheva Thiel Todani  \nZajdel-Kurowska Zang  \nOFFICERS AND STAFF PARTICIPATING:  \nI. Kichigina, Acting Senior Vice President and General Counsel  \nM. Garcia Jauregui, Acting Vice President and Corporate Secretary  \nC. Jaramillo, Regional Vice President  \nM. Fay, Country Director  \nC. Gonzales, Senior Economist  \nE. Marcano, Country Manager  \nOTHER PARTICIPANTS:  \nC. Oner, Mission Chief, IMF  \nJ. Reynaud, Resident Representative, IMF  \nA. Guscina, Deputy Mission Chief, IMF  \nEcuador-Development Policy Loan-First Green and Resilient Recovery Development Policy Loan  \n2. The Executive Directors considered the President’s Memorandum and Recommendation (R2022-0001;/4, dated January 7, 2022, and January 27, 2022, respectively) and approved the development policy loan in the amount of US$700 million to Ecuador for a First Green and Resilient Recovery Development Policy Loan on the terms and conditions set out in the President’s Memorandum.  \nAdjournment  \n3. The meeting adjourned at 11:26 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 January 31, 2022 and February 1, 2022  \nTHE EXECUTIVE DIRECTORS OF THE BANK AND IDA  \nCote d'Ivoire – Credit-Youth Employment and Skills Development Project-Phase 3  \n1. The Executive Directors approved on January 31, 2022 a credit in the amount of EUR  \n132.2 million (US$150 million equivalent) to Cote d'Ivoire for a Youth Employment and Skills Development Project-Phase 3 on the terms and conditions set out in the President’s Memorandum (IDA/R2022-0002, dated January 11, 2022) .  \nMoldova – Credit-Moldova Water Security and Sanitation Project  \n2. The Executive Directors approved on January 31, 2022 a credit in the amount of Euro  \n44.1 million (US$ 50 million amount equivalent) to Moldova for a Moldova Water Security and Sanitation Project on the terms and conditions set out in the President’s Memorandum  \n(IDA/R2022-0003, dated January 11, 2022) .  \n******************************************************************************  \nTHE BOARD OF DIRECTORS OF IFC  \nTurkey-Restructuring of IFC’s Loan in Kremna Enerji Uretim ve Ticaret A.S. for the Karaca Hydro Project  \n3. The Board of Directors approved on January 31, 2022 a restructuring ofIFC’s loan in Kremna Enerji Uretim ve Ticaret A.S. for the Karaca Hydro Project in Turkey (IFC/R2022-0009, dated January 19, 2022) and adopted the resolution No. IFC2022-0005. The Restructuring is intended to (i) reprofile the Senior Loans by better matching the amortization schedule with the significantly diminished expected cash flows; (ii) continue to provide incentive to the Sponsor to actively manage the asset for all by allowing some distributions in later years, if the project is substantially back on track; and (iii)permanently waive any existing defaults.  \nSub-Saharan Africa Region-Investment in Axian Telecom Bond  \n4. The Board of Directors approved on February 1, 2022 an investment in Sub-Saharan Africa Region-Axian Telecom Bond (IFC/R2022-0013, dated January 20, 2022) in the form of a bond subscription of up to US$60 million.  \nBrazil – Investment in Fundo de Investimentos em Direitos Creditórios Tradepay Varejo I (DCM Solis FIDC)  \n5. The Board of Directors approved on February 1, 2022 an investment in Brazil – Fundo de Investimentos em Direitos Cre","cbCaiqsoUKvr3Ri4","https://ap.wps.com/l/cbCaiqsoUKvr3Ri4","pdf",205015,1,4,"English","en",105,"# Attendance and Participants\n## Chair and Executive Directors\n## Officers, Staff, and Other Participants\n# Key Decisions and Approvals\n## President’s Memorandum and Development Policy Loan\n## Absence-of-Objection Basis Approvals (Jan 31, 2022 - Feb 1, 2022)\n## Board Approvals for IFC Items\n# Official Documents Approved\n## Official Travel Document (as of Jan 27, 2022)\n## 2022 and 2023 Annual Meetings Timing and Venue\n# Meeting Close\n## Adjournment","[{\"question\":\"When was the WebEx meeting of the Executive Directors held, and what was the adjournment time?\",\"answer\":\"The meeting was held on February 1, 2022 at 09:59 a.m., and it adjourned at 11:26 p.m.\"},{\"question\":\"What major approval did the Executive Directors grant regarding Ecuador?\",\"answer\":\"They approved a US$700 million First Green and Resilient Recovery Development Policy Loan to Ecuador on the terms set out in the President’s Memorandum.\"},{\"question\":\"What types of additional items were approved between January 31, 2022 and February 1, 2022?\",\"answer\":\"The minutes record approvals for IDA credits and IFC Board items, including projects and investments authorized on an Absence-of-Objection Basis or streamlined 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was the WebEx meeting of the Executive Directors held, and what was the adjournment time?","Question",{"text":73,"@type":74},"The meeting was held on February 1, 2022 at 09:59 a.m., and it adjourned at 11:26 p.m.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"What major approval did the Executive Directors grant regarding Ecuador?",{"text":78,"@type":74},"They approved a US$700 million First Green and Resilient Recovery Development Policy Loan to Ecuador on the terms set out in the President’s Memorandum.",{"name":80,"@type":71,"acceptedAnswer":81},"What types of additional items were approved between January 31, 2022 and February 1, 2022?",{"text":82,"@type":74},"The minutes record approvals for IDA credits and IFC Board items, including projects and investments authorized on an Absence-of-Objection Basis or streamlined 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