60182 OFFICIAL USE ONLY M2011-0010 IDA/M2011-0010 IFC/M2011-0005 March 14, 2011 Closing Date: Wednesday, March 16, 2011 at 6 p.m. FROM: Vice President and Corporate Secretary Minutes of Joint Meeting of the Executive Directors of the Bank and IDA, and the Board of Directors of IFC, held in the Board Room on Tuesday, February 15, 2011, at 2:35 p.m. In the absence of comments or objections to be notified to the Vice President and Corporate Secretary by 6:00 p.m. on Wednesday, March 16, 2011, the following Minutes will be deemed approved and so recorded in the minutes of subsequent meetings of the Executive Directors of the Bank and IDA, and the Board of Directors of IFC. Distribution: Executive Directors and Alternates President Bank Group Senior Management Vice Presidents, Bank, IFC and MIGA Directors and Department Heads, Bank, IFC and MIGA FROM: Vice President and Corporate Secretary Minutes of Joint Meeting of the Executive Directors of the Bank and IDA, and the Board of Directors of IFC, held in the Board Room on Tuesday, February 15, 2011, at 2:35 p.m. 1. There were present: CHAIR: N. Okonjo-Iweala, Managing Director Followed by: M. Mohieldin, Managing Director Followed by: S.M. Indrawati, Managing Director EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS: A. Alkaffas (Alternate) D. Kalyalya (Alternate) I. Alturki (Alternate) D.H. Kim (Alternate) I. Ampri (Alternate) M. Krupinski (Alternate) V. Brandon (Temporary Alternate) E. Miagkov (Alternate) F. Castro y Ortiz (Temporary Alternate) M.-L. Morin P. Chatterji S. Sawadogo (Temporary Alternate) A. Di Carluccio (Temporary Alternate) L. Shuaibu (Temporary Alternate) S. Dib (Alternate) R. Studart G. Ferrari (Temporary Alternate) Y. Takamura (Alternate) J. Haarlov (Alternate) A. Touret-Blondy (Alternate) I. Hoven R. Treffers K. Huber C. Zou (Alternate) S. James (Alternate) ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS: K. Aminul Islam R. Von Kleist K. Dalrymple 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- OFFICERS AND STAFF PARTICIPATING: A. Peuker, Acting Corporate Secretary R.K. Peters, Director, OPCCS F. Molnar, Chief Counsel, LEGAF J. Voegele, Director, ARD C. Anstey, Vice President, EXTVP I.J. Andersen, CFPIR P. Cox, Vice President, LCRVP L. Benavides, LCC6C A. van Trotsenburg, Vice President, CFPVP M.Z. Qureshi, DECVP A. Bassani, Director, CFPIR E. Wallentin, CLASC C.F. Jaramillo, Director, LCC2C J. Chan-Lau, IMF J. Lewis, Director, PRMED B. Geiser, Corporate Secretariat Minutes of Previous Meeting 2. The Executive Directors approved the minutes of the meeting held on January 11, 2011 (M2011- 0001[IDA/M2011-0001]). Additions to IDA Resources: Sixteenth Replenishment - IDA16: Delivering Development Results 3. The Executive Directors considered the IDA Deputies' Report entitled "Additions to IDA Resources: Sixteenth Replenishment - IDA16: Delivering Development Results" (IDA/R2011-0016, dated January 24, 2011) and the "Note on IDA Voting Power and Preemptive Rights" (IDA/SecM2010- 0073, dated February 20, 2011). The Directors approved the Deputies' Report and recommended that the draft Resolution (Annex 5) contained therein be submitted to the Board of Governors for a vote without meeting. Oral Briefing on G20 4. Management briefed the Executive Directors on the status of the Bank's work relating to the G20 meeting of Finance Ministers and Central Bank Governors in Paris, France (February 18-19, 2011). Chile ­ Country Partnership Strategy 5. The Executive Directors discussed the joint IBRD/IFC Country Partnership Strategy for Chile for the period FY2011-2016 (R2011-0016[IFC/R2011-0007], dated January 25, 2011). (The Chair's Summing Up of the discussion was subsequently distributed as SU2011-0004[IFC/SU2011-0002], dated February 18, 2011.) Cape Verde - Country Partnership Strategy Progress Report 6. The Executive Directors recorded their noting on February 9, 2011 of the joint IBRD/IDA Country Partnership Strategy Progress Report for Cape Verde for the period FY2009-2012 (R2011-0011[IDA/R2011-0013], dated January 19, 2011). Date of Next Meeting 7. It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Thursday, February 17, 2011. 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- Adjournment 8. The meeting adjourned at 5:33 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.