[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111820-en":3,"doc-seo-111820-105":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},111820,1374391974468,"Eden","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","Minutes of the Board of Directors of IFC - November 14, 2024","Board minutes from IFC held on November 14, 2024 at 10:01 a.m., documenting attendance, the Board’s consideration of the President’s Memorandum and related investment reports, and the adoption of specific resolutions. The agenda includes investments and credit actions across multiple regions and countries, including the IFC DARES Platform and other financing initiatives, along with an absence-of-objection approval process between November 8 and November 14, 2024. The meeting adjourned at 11:19 a.m.","Public Disclosure Authorized Public Disclosure Authorized  \nFROM: Vice President & Corporate Secretary  \nMinutes of Meetings ofthe Board of Directors ofIFC held in the Board Room on November 14, 2024 at 10:01 a.m.  \n1. There were present:  \nCHAIR:  \nJ. Gandolfo, Vice President and Treasurer  \nEXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS DIRECTORS:  \nZ.  \nM.  \nM.  \nP.  \nM.  \nM.  \nN.  \nL  \nM.  \nS.  \nJ.  \nJ.  \nL.  \nAhmed Alghfais  \nAlmulla Bonmartin Coelho Finaish Francken Huang Krake Lambasara Lee  \nLopez Valles Lunde  \nL.  \nB.  \nD.  \nS.  \nD.  \nK.  \nE.  \nK.  \nN.  \nS.  \nH.  \nH.  \nMagagula  \nMaser Medzhidova Otani Pierini Rechico Rhuggenaath  \nRodriguez Zapata  \nSrivastava Suter Tasker  \nTavares  \nOFFICERS AND STAFF PARTICIPATING:  \nM. Tembon, Vice President & Corporate Secretary  \nL. Sturtevant, Deputy General Counsel  \n*S. Pimenta, Regional Vice President  \n*S. Suri, Director  \nA. Gekis, Director  \nD. Khalifa, Director  \nA. Khanna, Practice Manager  \nD. Croft, Manager  \nP. Ghosh, Principal Investment Officer  \n*via videoconference  \nThis 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.  \nOfficial Use Only  \nWest and Central Africa Region – Investment in IFC DARES Platform  \n2. The Board of Directors ofIFC considered the President’s Memorandum and Report (IFC/R2024-0337, dated November 4, 2024) on an investment in IFC DARES Platform in the West and Central Africa Region comprising of (i) up to US$100 million from IFC’s own account; (ii) up to US$22.5 million from IFC in its capacity as the implementing entity of the IDA20 IFC-MIGA Private Sector Window (PSW) Blended Finance Facility (BFF) ; and (iii) up to US$2.5 million from IFC in its capacity as the implementing entity of the Canada-IFC Renewable Energy Program for Africa. and adopted Resolution No. IFC2024-0013.  \nNigeria – Investment in Husk Power Energy Systems Nigeria Limited for the Husk Mini Grids Project  \n3. The Board of Directors ofIFC considered the President’s Memorandum and a Report on an investment by IFC in the form ofa revolving loan facility of up to US$5 million in Husk Power Energy Systems Nigeria Limited for the Husk Mini Grids project in Nigeria (IFC/R2024- 0338, dated November 4, 2024) comprising of (i) up to US$2.5 million senior debt from IFC’sown account; and (ii) up to US$2.5 million subordinated debt from IFC acting in its capacity asthe implementing entity of Canada-IFC Renewable Energy Program for Africa and adopted Resolution No. IFC2024-0014.  \nAdjournment  \n4. The meeting adjourned 11:19 a.m.  \nThis 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.  \nOfficial Use Only  \nThe following item(s) have been approved on an Absence-of-Objection Basis  \nor have been authorized to proceed on a streamlined basis  \nbetween  \nNovember 8, 2024 and November 14, 2024  \nTHE EXECUTIVE DIRECTORS OF IBRD AND IDA  \nInspection Panel Extension of Appointment  \n1.. The Executive Directors recorded their approval on November 11, 2024 of the extension of appointment of Mr. Mark Goldsmith as a member of the Inspection Panel  \n(R2024-0251[IDA/R2024-0300], dated November 4, 2024) .  \nPhilippines – Philippines Second Digital Transformation Development Policy Loan  \n2. The Executive Directors approved on November 12, 2024 a loan in the amount of EUR 676,926,000(US$750 million equivalent) to the Philippines for the Philippines Second Digital Transformation Development Policy Loan on the terms and conditions set out in the President’s Memorandum (R2024-0243; /2, dated October 24, 2024 and November 8, 2024, respectively) .  \nNigeria – Support from the IDA20 IFC-MIGA Private Sector Window (PSW) Blended Finance Facility (BFF) for the International Finance Co","cbCaifJfofchZBGJ","https://ap.wps.com/l/cbCaifJfofchZBGJ","pdf",240014,1,7,"English","en",105,"# Meeting of the Board of Directors\n## Attendance and officers\n## Consideration of President’s Memorandum and adopted resolutions\n## Adjournment\n# Absence-of-Objection and streamlined approvals (Nov 8-14, 2024)\n## Inspection Panel appointment extension\n## Digital transformation policy loan (Philippines)\n## Investment support for IFC DARES Platform (Nigeria)\n## Credit to Mali Community Resilience and Inclusive Services Project - Malidenko\n## Sustainable bond investment (Senegal)\n## Investment in Linzor Capital Partners IV, L.P.","[{\"question\":\"When was the IFC Board meeting held and when did it adjourn?\",\"answer\":\"The meeting was held on November 14, 2024 at 10:01 a.m. It adjourned at 11:19 a.m.\"},{\"question\":\"What was the Board’s main consideration on November 14, 2024?\",\"answer\":\"The Board considered the President’s Memorandum and report on an investment in IFC DARES Platform in the West and Central Africa Region and adopted Resolution No. IFC2024-0013.\"},{\"question\":\"How were items approved between November 8, 2024 and November 14, 2024?\",\"answer\":\"The document states that items were approved on an Absence-of-Objection Basis or authorized to proceed on a streamlined basis during that period.\"}]",1784491865,18,{"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-the-board-of-directors-of-ifc-november-14-2024","",{"@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-the-board-of-directors-of-ifc-november-14-2024/111820/",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},"When was the IFC Board meeting held and when did it adjourn?","Question",{"text":74,"@type":75},"The meeting was held on November 14, 2024 at 10:01 a.m. It adjourned at 11:19 a.m.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"What was the Board’s main consideration on November 14, 2024?",{"text":79,"@type":75},"The Board considered the President’s Memorandum and report on an investment in IFC DARES Platform in the West and Central Africa Region and adopted Resolution No. IFC2024-0013.",{"name":81,"@type":72,"acceptedAnswer":82},"How were items approved between November 8, 2024 and November 14, 2024?",{"text":83,"@type":75},"The document states that items were approved on an Absence-of-Objection Basis or authorized to proceed on a streamlined basis during that period.","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},[92,96,100,104,109,114,118,121,126,129,133],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":93,"show_sort_weight":94,"slug":95},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":97,"show_sort_weight":98,"slug":99},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":45,"category_name":101,"show_sort_weight":102,"slug":103},"Exam",70,"exam",{"id":105,"doc_module":4,"doc_module_name":45,"category_name":106,"show_sort_weight":107,"slug":108},5,"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":45,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":21,"doc_module":4,"doc_module_name":45,"category_name":115,"show_sort_weight":116,"slug":117},"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":119,"slug":120},30,"research-report",{"id":122,"doc_module":4,"doc_module_name":45,"category_name":123,"show_sort_weight":124,"slug":125},9,"Religion & Spirituality",20,"religion-spirituality",{"id":124,"doc_module":4,"doc_module_name":45,"category_name":127,"show_sort_weight":124,"slug":128},"World Cup","world-cup",{"id":130,"doc_module":4,"doc_module_name":45,"category_name":131,"show_sort_weight":130,"slug":132},10,"Lifestyle","lifestyle",{"id":134,"doc_module":4,"doc_module_name":45,"category_name":135,"show_sort_weight":105,"slug":136},19,"General","general"]