[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110196-en":3,"doc-seo-110196-105":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":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},110196,34359740700684,"Finn","https://ap-avatar.wpscdn.com/avatar/1f400023980c374ae676?_k=1777273430885731487",8,"Research & Report","Minutes of a Meeting of the Executive Directors of the IBRD and IDA and the Board of Directors of IFC - June 8, 2023","Minutes record the attendance and proceedings of meetings held June 8, 2023, including discussions by the Executive Directors of IDA and the Board of Directors of IFC. IFC board deliberations cover a President’s Memorandum on extending the Base of the Pyramid Program availability through June 30, 2024, and increasing the envelope to US$1 billion for IFC’s own account, culminating in adoption of specific resolutions. IDA discussions approve allocations and adjustments to blended finance support and pooled first loss guarantees. The minutes also record adjournment times and approvals on an absence-of-objection basis.","Public Disclosure Authorized Public Disclosure Authorized  \nMinutes of a Meeting of the Executive Directors ofthe IBRD and IDA and the Board of Directors ofIFC  \nheld in the Board Room on June 8, 2023, at 10:03 a.m.  \n1. There were present:  \nCHAIRS:  \nS. Yang, Managing Director and WBG Chief Administrative Officer  \nA. Garcia Mora, Regional Vice President for Europe, Latin America and the Caribbean, IFC  \nEXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS:  \nK. Bawazier Z. Kibwe  \nA. Bucalossi A. Kotondi Amadou  \nA. Buisse D. Lohan  \nS. Chelala A. McGee  \nDalyono I. Menendez De Luarca Bellido  \nM. Delaporte I. Rakauskas  \nH. Demircan G. Rogers  \nT. Dorji A. Sasaki  \nM. Finaish H. Seifeldin  \nE. Gomes I. Shervarli  \nM. Gurstein S. Short  \nR. Kachur W. Yang  \nA. Kiampuku  \nOFFICERS AND STAFF PARTICIPATING:  \nR. Pasi, Acting Corporate Secretary  \nR. Nagpal, Vice President and General Counsel, IFC  \nD. Kiara, Chief Counsel  \nA. Meer, Manager, IFC  \nA. Gekis, Director, IFC  \nG. Klimenko, Principal Investment Officer, IFC  \nM. Brown, Senior Industry Specialist, IFC  \nE. Armas, Manager  \nK. Sierra-Escalante, Senior Manager, IFC  \nT. Telma, Director  \nOfficial Use Only  \nWorld Region – IFC-Extension of and Investment in Base of the Pyramid (BOP) Platform  \nWorld Region – IDA – Extension with Modifications ofthe Previously-Approved Support from the IFC-MIGA Private Sector Window Blended Finance Facility and Local Currency Facility to the International Finance Corporation Investments in the Base of the Pyramid (BOP) Program  \n2. The Board of Directors ofIFC discussed the President’s Memorandum and a Report on a final extension of the availability period of Base of the Pyramid Program in World Region as a standalone platform until June 30, 2024 and an increase of the envelope by US$400 million to US$1 billion for IFC’s own account (IFC/R2023-0154, dated May 25, 2023) . The Board of Directors ofIFC adopted Resolution No. IFC2025-0003.  \n3. The Executive Directors of IDA discussed the President’s Memorandum and Recommendation (IDA/R2023-0140, dated May 25, 2022) . As outlined in the President’s Memorandum, the Executive Directors approved the allocation of up to US$30 million from the IFC-MIGA Private Sector Window (PSW) Blended Finance Facility and Local Currency Facility; an extension of the availability period for PSW support to Base of the Pyramid Program in World Region to June 30, 2024; and a reduction of the existing pooled first loss guarantee coverage in respect of senior loans under the BOP Program from up to 40 percent to up to 30 percent.  \nAdjournment  \n4. The meeting adjourned at 11:15 a.m.  \nOfficial Use Only  \nMinutes of a Meeting of the Board of Directors ofIFC  \nheld in the Board Room on June 8, 2023, at 11:21 a.m.  \n1. There were present:  \nCHAIR:  \nA. Garcia Mora, Regional Vice President for Europe, Latin America and the Caribbean, IFC  \nDIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS DIRECTORS:  \nS.  \nS.  \nK.  \nJ.  \nM.  \nH.  \nT.  \nO.  \nE.  \nA.  \nZ.  \nA.  \nJ.  \nAhmed Seinu Almanza Bawazier Clark Coelho Demircan Dorji Fuentes Grigoryan Kiampuku  \nKibwe  \nKotondi Amadou Kurski  \nD.  \nA.  \nI.  \nA.  \nN.  \nP.  \nC.  \nG.  \nA.  \nH.  \nK.  \nW.  \nLohan McGee  \nMenendez de Luarca Bellido  \nMorozov Pandey Pruunsild Richard Rogers  \nSasaki Seifeldin Wijeyewardene Yang  \nOFFICERS AND STAFF PARTICIPATING:  \nR. Pasi, Acting Corporate Secretary  \nR. Nagpal, Vice President and General Counsel  \nA. Marghub, Senior Manager  \nJ. Payeras, Chief Investment Officer  \nA. Gardien, Investment Officer  \nA. Salgado Gonzalez, Associate Industry Specialist  \nP. Taborga Oroza, Principal Environmental Specialist  \nOfficial Use Only  \nChile-Investment in Engie Energía Chile S.A. for the Engie Chile UCL Project  \n2. The Board of Directors ofIFC discussed the President’s Memorandum and a Report and approved the investment in Chile in Engie Energía Chile S.A. for the Engie Chile UCL Project consisting of a sen","cbCaiu4K3WG5zrhx","https://ap.wps.com/l/cbCaiu4K3WG5zrhx","pdf",306444,1,14,"English","en",105,"# Minutes of a Meeting (June 8, 2023)\n## Attendance and officials\n## IFC Board discussion and resolutions\n## IDA Executive Directors discussion and approvals\n## Adjournment\n## Absence-of-objection approvals (May 31 to June 8, 2023)","[{\"question\":\"What meetings are covered in these minutes and when were they held?\",\"answer\":\"The minutes cover meetings of the Executive Directors of the IBRD and IDA and the Board of Directors of IFC, held in the Board Room on June 8, 2023, with noted adjournment times.\"},{\"question\":\"What decision did the IFC Board make regarding the Base of the Pyramid Program?\",\"answer\":\"The IFC Board discussed a President’s Memorandum and a report, approving an extension of the program’s availability period through June 30, 2024 and an increase of the funding envelope to US$1 billion for IFC’s own account.\"},{\"question\":\"How did the IDA Executive Directors’ approval affect PSW blended finance support and risk coverage?\",\"answer\":\"IDA approved an allocation up to US$30 million from the PSW blended finance facilities, extended PSW availability through June 30, 2024, and reduced pooled first loss guarantee coverage for senior loans under the BOP Program from up to 40% to up to 30%.\"}]",1784484327,35,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":85,"head_meta":87,"extra_data":89,"updated_unix":27},"minutes-of-a-meeting-of-the-executive-directors-of-the-ibrd-and-ida-and-the-board-of-directors-of-ifc-june-8-2023","",{"@graph":35,"@context":84},[36,53,67],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,50],{"item":40,"name":41,"@type":42,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":42,"position":52},"https://docshare.wps.com/document/minutes-of-a-meeting-of-the-executive-directors-of-the-ibrd-and-ida-and-the-board-of-directors-of-ifc-june-8-2023/110196/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":61,"encodingFormat":60,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":64,"interactionType":65,"userInteractionCount":4},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"What meetings are covered in these minutes and when were they held?","Question",{"text":74,"@type":75},"The minutes cover meetings of the Executive Directors of the IBRD and IDA and the Board of Directors of IFC, held in the Board Room on June 8, 2023, with noted adjournment times.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"What decision did the IFC Board make regarding the Base of the Pyramid Program?",{"text":79,"@type":75},"The IFC Board discussed a President’s Memorandum and a report, approving an extension of the program’s availability period through June 30, 2024 and an increase of the funding envelope to US$1 billion for IFC’s own account.",{"name":81,"@type":72,"acceptedAnswer":82},"How did the IDA Executive Directors’ approval affect PSW blended finance support and risk coverage?",{"text":83,"@type":75},"IDA approved an allocation up to US$30 million from the PSW blended finance facilities, extended PSW availability through June 30, 2024, and reduced pooled first loss guarantee coverage for senior loans under the BOP Program from up to 40% to up to 30%.","https://schema.org",{"og:url":51,"og:type":86,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":88,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":91},[92,96,100,104,109,114,119,122,127,130,134],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":93,"show_sort_weight":94,"slug":95},"Story & 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