79268

 

 

  FROM:        Vice President and Corporate Secretary

 

 
                              Minutes of Meeting of the Board of Directors of MIGA,
                          held in the Board Room on Thursday, April 4, 2013, at 3:28 p.m.

 

 
    1.      There were present:
                                                                CHAIR:

                                             I. Kobayashi, Executive Vice President

  EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:

  J.      Alvarez (Temporary Alternate)                         S.    Lutfi (Temporary Alternate)
  G.      Alzetta                                               B.    Lvin (Temporary Alternate)
  M.      Ayesu (Temporary Alternate)                           D. Malaspina Hernandez (Temporary Alternate)
  G.      Balcytyte (Alternate)                                 K. Morais (Temporary Alternate)
  D.      Bohan (Alternate)                                     M.-L. Morin
  A.      Cisse (Temporary Alternate)                           Y. Nishii (Temporary Alternate)
  S.      Gooch (Temporary Alternate)                           R.    Raineri (Alternate)
  F.      Heemskerk                                             G. Ruggiero (Temporary Alternate)
  I.      Hoven                                                 D. Sandhu (Temporary Alternate)
  S.      James (Alternate)                                     W. Szczuka (Alternate)
  J.-P.   Julia (Alternate)                                     J.    Whitehead
  D.      Kalyalya                                              F.    Zang (Temporary Alternate)
  A.      Kane (Temporary Alternate)

  ALTERNATE NOT ACTING AS EXECUTIVE DIRECTOR:

  W.      Rissmann                        

    OFFICERS AND STAFF PARTICIPATING:

    A.    Suleymanov, Acting Corporate Secretary R.                    Vish, Director, MIGES
    A.-M. Betancourt, General Counsel, MIGLC P.                        Barbour, MIGES
    M.    Wormser, Vice President and            N.                    Fawaz, MIGOP
          Chief Operating Officer, MIGCO         L.                    Ikiring, Corporate Secretariat




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-



  Conflict-Affected and Fragile Economies Facility (CAFEF) Established as a Trust Fund

  2.      The Board of Directors considered the Memorandum from the President and the Report entitled
  "Conflict-Affected and Fragile Economies Facility (CAFEF) Established as a Trust Fund"
  (MIGA/R2013-0022; /1, both dated March 22, 2013) and approved the recommendation contained in the
  President's Memorandum and set out in the Report, namely, the creation, establishment and
  administration by MIGA of the Conflict-Affected and Fragile Economies Facility (CAFEF) trust fund and
  the provision by MIGA of first loss guarantees on a risk-sharing basis alongside the Facility for up to
  US$20 million in the aggregate.

  Minutes of Previous Meeting

  3.      The Board of Directors recorded its approvals on March 21, 2013 of the Minutes of the meeting
  held on February 26, 2013 (MIGA/M2013-0009), and, on March 26, 2013 of the Minutes of the meeting
  held on March 21, 2013 (MIGA/XM2013-0001).

  Russian Federation - Guarantee to Raiffeisen Bank International AG for Financing to OOO
  Raiffeisen Leasing - Modifications of Prior Concurrence
 
  4.      The Board of Directors recorded its authorization on February 26, 2013 for the President to
  proceed with the modifications of prior concurrence as set out in the Report from the President entitled
  "Russian Federation - Guarantee to Raiffeisen Bank International AG for its financing to OOO Raiffeisen
  Leasing - Modification of Prior Concurrence" (MIGA/R2013-0009, dated February 12, 2013).

  Ukraine - Guarantee to Raiffeisen Bank International AG for Financing to Raiffeisen Leasing
  AVAL LLC - Modifications of Prior Concurrence
 
  5.     The Board of Directors recorded its authorization on February 26, 2013 for the President to
  proceed with the modifications of prior concurrence as set out in the Report from the President entitled
  "Ukraine - Guarantee to Raiffeisen Bank International AG for its financing to Raiffeisen Leasing AVAL
  LLC - Modification of Prior Concurrence" (MIGA/R2013-0008, dated February 12, 2013).

  Cote d’Ivoire - Guarantees to SCDM Energie SAS for Investments in SECI SA - Modifications of
  Prior Concurrence
 
  6.      The Board of Directors recorded its authorization on March 28, 2013 for the President to proceed
  with the modifications of prior concurrence as set out in the Report from the President entitled "Cote
  d’Ivoire - Guarantees to SCDM Energie SAS for its investments in SECI SA - Modification of Prior
  Concurrence" (MIGA/R2013-0016,      dated March 18, 2013).

    Adjournment

    7.      The meeting adjourned at 4:12 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.