67245   FROM: Vice President and Corporate Secretary       Minutes of Meeting of the Executive Directors of the Bank and IDA, held in the Board Room on Thursday, January 26, 2012, at 10:04 a.m.       1. There were present: CHAIR:   S.M. Indrawati, Managing Director   EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:   A. Alkaffas (Alternate) S. Katash (Temporary Alternate)   I. Alturki (Alternate) H. Manao K. Animul Islam (Alternate) A. Mendes Dias   C. Asike (Temporary Alternate) S. Moorehead P. Cipollone M.-L. Morin   V. Dhanpaul (Alternate) M. Mozayani (Temporary Alternate) P. Espinola (Temporary Alternate) M. Muhtar (Alternate)   J. Frieden S. Nanu (Alternate) M. Garcia H.A. Taha   J. Haarlov (Alternate) A. Touret-Blondy (Alternate) I. Hoven J. Whitehead   K. Huber F. Zang (Temporary Alternate) E. Inaka (Temporary Alternate)   ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:   D. Kalyalya W. Rissmann   M.S. Kayad W. Szczuka N. Mota Pinto     OFFICERS AND STAFF PARTICIPATING: A. Peuker, Acting Corporate Secretary E. Kennedy, AFCCI A. Toft, Deputy General Counsel, LEGVP B. Moniba, CM2P6* M. Tall, Director, AFCF2* M. Mlachila, IMF J. Walliser, Director, AFRVP M. Muleri, Corporate Secretariat H. Assah, AFMTG *Via Videoconference 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.    -2-   Togo - Interim Strategy Note   2. The Executive Directors discussed the Interim Strategy Note for Togo for the period   FY2012-FY2013 (IDA/R2012-0003, dated January 3, 2012). (The Chair’s Summing Up of the discussion was subsequently distributed as IDA/SU2012-0003, dated January 26, 2012.)   Ghana - Development Policy Lending (Grant) - Eighth Poverty Reduction Support Operation   (PRSG-8)   3. The Executive Directors approved the Eighth Poverty Reduction Support Grant (PRSG-8) in the amount of SDR 64.5 million (US$100 million equivalent) on the terms and conditions set out in the   President’s Memorandum (IDA/R2012-0001, dated January 3, 2012).   Liberia - Additional Financing Credit and GEF Trust Fund Grant - Electricity System Enhancement Project   4. The Executive Directors approved the additional financing credit and the trust fund grant from   the Global Environment Facility (GEF) to Liberia for an Electricity System Enhancement Project in the amounts of SDR 14.2 million (US$22 million equivalent) and US$1.454 million, respectively, on the   payment terms and other terms and conditions set out in the President’s Memorandum (GEF/R2012-0001[IDA/R2012-0009], dated January 11, 2012).   Rwanda - Credit - Governance for Competitiveness Technical Assistance Project   5. The Executive Directors approved the credit to Rwanda for a Governance for Competitiveness   Technical Assistance Project in the amount of SDR 3.3 million (US$5 million equivalent) on the payment terms and other terms and conditions set out in the President’s Memorandum (IDA/R2012-0006, dated   January 5, 2012).   Sierra Leone - Development Policy Lending (Credit) - Fifth Governance Reform and Growth Operation (GRGC-5)   6. The Executive Directors approved the Fifth Governance Reform and Growth Credit to Sierra   Leone in the amount of SDR 15.5 million (US$24 million equivalent) on the payment terms and other terms and conditions set out in the President’s Memorandum (IDA/R2012-0002, dated January 3, 2012).   Lao PDR - Additional Financing Grant - Khammouane Development Project     7. The Executive Directors approved the additional financing grant to the Lao PDR for a Khammouane Development Project in the amount of SDR 5.6 million (US$8.6 million equivalent) on the terms and conditions set out in the President’s Memorandum (IDA/R2012-0004, January 5, 2012). Loan to the State of Sergipe, With the Guarantee of Brazil - Sergipe Water Project 8. The Executive Directors approved the loan to the State of Sergipe, with the guarantee of Brazil, for a Sergipe Water Project in the amount of US$70.275 million on the payment terms and other terms and conditions set out in the President’s Memorandum (R2012-0001, dated January 5, 2012). 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.    -3-   Additional Financing Loan to the State of Rio de Janeiro, With the Guarantee of Brazil - Upgrading and Greening the Rio de Janeiro Urban Rail System Project (former Rio de Janeiro   Mass Transit 2 Project)   9. The Executive Directors approved the additional financing loan to the State of Rio de Janeiro, with the guarantee of Brazil, for an Upgrading and Greening the Rio de Janeiro Urban Rail System   Project (former Rio de Janeiro Mass Transit 2 Project) in the amount of US$600 million on the payment terms and other terms and conditions set out in the President’s Memorandum (R2012-0002, dated January   5, 2012).   Requested Disclosure of Board Records - Package 2011-3 (Case No. AI0995) - Recommendation to the Board   10. The Executive Directors recorded their approval on January 20, 2012 of the recommendation   contained in paragraph 10 of the document entitled "Requested Disclosure of Board Records - Package 2011-3 (Case No. AI0995) - Recommendation to the Board" (R2012-0008[IDA/R2012-0012], dated   January 10, 2012).   Date of Next Meeting   11. It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Tuesday, January 31, 2012.   Adjournment   12. The meeting adjourned at 10:41 a.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.