FROM: Vice President & Corporate Secretary Minutes of a Meeting of the Executive Directors of the Bank and IDA held in the Board Room on February 27, 2019 at 12:37 p.m. 1. There were present: CHAIR: K. Georgieva, Interim President EXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS: M. Abdul Karim D. Kinder H. Alogeel D. Malaspina Hernandez G. Antioch A. Manuel M. Bhuiyan N. Mireku P-O. Chotard D. Morris M. Ehui K. Nishikata R. Eletreby T. Nyamadzabo A. Fernandez P. Pagano A. Gerts K. Panov W. Gruber H. Rombouts C. Happe S. Ulbaek C. Hogan M. Zhang F. Kanczuk OFFICERS AND STAFF PARTICIPATING: I. Kichigina, Acting Senior Vice President and General Counsel Y. Tsikata, Vice President and Corporate Secretary D. Gaye, Acting Vice President, Africa Region A. Dixon, Vice President, HD C. Turk, Country Director S. Kpundeh, Country Manager P. Robyn, 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. United Nations Children’s Fund (UNICEF) and International Committee of the Red Cross (ICRC) – South Sudan Provision of Essential Health Services Project 2. The Executive Directors considered the President’s Memorandum and Recommendation (IDA/R2019-0024, dated February 14, 2019) and approved the IDA grant to UNICEF in the amount of SDR 52.8 million (US$73.4 million equivalent) and the IDA grant to ICRC in the amount of SDR 23.1 million (US$32 million equivalent) for the South Sudan Provision of Essential Health Services Project on the terms and conditions set out in the President’s Memorandum. Adjournment 3. The meeting adjourned 1:35 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 been approved on an Absence-of-Objection Basis or have been authorized to proceed on a streamlined basis between February 20-27, 2019 THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Award Invitation – Financial Services Dinner, hosted by Foreign Policy Association – 2019 Medal – Proposed Acceptance by Ms. Kristalina Georgieva 1. The Executive Directors recorded their approval on February 21, 2019 of the proposal contained in the Memorandum from the Vice President and Corporate Secretary entitled “Award Invitation – Financial Services Dinner, hosted by Foreign Policy Association – 2019 Medal – Proposed Acceptance by Ms. Kristalina Georgieva” (R2019-0030, dated February 13, 2019). Benin – Grant - Early Years Nutrition and Child Development Project 2. The Executive Directors recorded their approval on February 21, 2019 of the in the amount of SDR 36 million (US$50 million equivalent) to Benin for the Early Years Nutrition and Child Development Project on the terms and conditions set out in the President’s Memorandum (IDA/R2019-0013, dated February 1, 2019). India – Loan – Chhattisgarh Public Financial Management and Accountability Program – Program-for-Results 3. The Executive Directors recorded their approval on February 21, 2019 of the loan in the amount of US$25.2 million to India for the Chhattisgarh Public Financial Management and Accountability Program on the terms and conditions set out in the President’s Memorandum (R2019-0024, dated February 1, 2019). India – Additional Financing – Uttarakhand Disaster Recovery Project 4. The Executive Directors recorded their approval on February 21, 2019 of the additional loan in the amount of US$96 million to India for the Uttarakhand Disaster Recovery Project on the terms and conditions set out in the President’s Memorandum (R2019-0023, dated February 1, 2019). Sri Lanka – Loan – Framework Development and Infrastructure Financing to Support Public-Private Partnerships Project 5. The Executive Directors recorded their approval on February 21, 2019 of the loan in the amount of US$25 million to Sri Lanka for the Framework Development and Infrastructure Financing to Support Public-Private Partnerships Project on the terms and conditions set out in the President’s Memorandum (R2019-0022, dated February 1, 2019). 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. Democratic Republic of Congo – Third Additional Financing – Health System Strengthening for Better Maternal and Child Health Results Project 6. The Executive Directors recorded their approval on February 27, 2019 of the third additional grant in the amount of SDR 85.7 million (US$120 million equivalent) to the Democratic Republic of Congo for the Health System Strengthening for Better Maternal and Child Health Results Project on the terms and conditions set out in the President’s Memorandum (IDA/R2019-0028, dated February 15, 2019). ****************************************************************************** THE BOARD OF DIRECTORS OF IFC Egypt – Investment in Middle East Glass Manufacturing Company for the MEG Project 7. The Board of Directors authorized on February 21, 2019 an investment in Egypt – Middle East Glass Manufacturing Company (IFC/R2019-0041; /1, dated February 7, 2019 and February 20, 2019, respectively) in the form of (i) an IFC“A” loan of up to US$30 million; (ii) a trust loan of up to US$45 million from IFC acting in its capacity as the implementing entity for the Managed Co-lending Portfolio Program (“MCPP”); and (iii) and IFC B1” loan of up to US$25 million for the account of B1 participants. ****************************************************************************** THE EXECUTIVE DIRECTORS OF THE BANK AND IDA, THE BOARD OF DIRECTORS OF IFC AND THE BOARD OF DIRECTORS OF MIGA Official Travel of Executive Directors, Alternate Executive Directors, Senior Advisors and Advisors to Executive Directors as of February 21, 2019 8. The Executive Directors recorded their approval on February 25, 2019 of the “Official Travel of Executive Directors, Alternate Executive Directors, Senior Advisors and Advisors to Executive Directors as of February 21, 2019” (R2019-0036[IDA/R2019-0036, IFC/R2019-0045, MIGA/R2019-0016], dated February 22, 2019). 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.