-2-                                                  86219
FROM:         Vice President and Corporate Secretary


                 Minutes of Meeting of the Executive Directors of the Bank and IDA
                     held in the Board Room on March 20, 2014 at 10:36 a.m.


1.        There were present:
                                                             CHAIR:

                                      Sri Mulyani Indrawati, Managing Director

EXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES
ACTING AS EXECUTIVE DIRECTORS:


      K.          Alkhudairy                                       N.         Khosa
      G.          Alzetta                                          L.         Larose
      S.          Annamalai                                        S.         Lutfi
      L.K.        Atheeq                                           C.         Madriz Contreras
      G.          Balcytyte                                        A.         Marks
      S.          Chen                                             A.         Mendes Dias
      M.          Florestal                                        M.         Muhtar
      J.          Frieden                                          Y.         Nishii
      G.          Hines                                            T.         Paganini
      I.          Hoven                                            D.         Peters
      F.          Imo Evalu                                        R.         Raineri
      J.-P.       Julia                                            A.         Smith
                                                                   V.         Tamozhnikov


OFFICERS AND STAFF PARTICIPATING:

      A.-M.       Leroy, Senior Vice President & General Counsel
      J.          Familiar, Vice President and Corporate Secretary
      M.          Diop, Vice President
      J.-P.       Prosper, Vice President
      E.          Ouayoro, Country Director
      J.          Saghir, Director
      M.          van Ginneken, Sector Manager
      R.          Kariuki, Sector Manager
      S.          Lutalo, Senior Water and Sanitation Specialist
      G.          Toulmin, Country Program Coordinator




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-
Democratic Republic of Congo - Inga 3 Basse Chute and Mid-Size Hydropower Development
Technical Assistance Project

2.     The Executive Directors considered the President’s Memorandum and Recommendation
(IDA/R2014-0010/3, dated March 5, 2014) and approved a grant in amount of SDR 47.7 million
(US$73.1 million equivalent) to the Democratic Republic of Congo for the Inga 3 Basse Chute
and Mid-Size Hydropower Development Technical Assistance Project on the terms and
conditions set out in the President’s Memorandum.

Ms. Aviel wished to be recorded as abstaining.

Ethiopia - Water Supply, Sanitation and Hygiene Project

3.      The Executive Directors considered the President’s Memorandum and Recommendation
(IDA/R2014-0055, dated March 4, 2014) and a credit in the amount of SDR 133.2 million
(US$205 million equivalent) to Ethiopia for the Water Supply, Sanitation and Hygiene Project
on the terms and conditions set out in the President’s Memorandum.

Adjournment

4.        The meeting adjourned at 12:34 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.
                                                                 -4-


          The following item(s) have been approved on an Absence of Objection Basis
                   or have been authorized to proceed on a Streamlined Basis
                                            between
                              March 19, 2014 and March 20, 2014:


THE EXECUTIVE DIRECTORS OF THE BANK AND IDA:

Kazakhstan – Loan – Justice Sector Institutional Strengthening Project

1.     The Executive Directors recorded their approval on March 19, 2014 of the loan to
Kazakhstan for a Justice Sector Institutional Strengthening Project in the amount of US$36
million on the terms and conditions set out in the President’s Memorandum (R2014-0035, dated
February 28, 2014).

Uganda – Credit – Second Kampala Institutional and Infrastructure Development Project

2.     The Executive Directors recorded their approval on March 20, 2014 of the credit to
Uganda for a Second Kampala Institutional and Infrastructure Development Project in the
amount of SDR 113.7 million (US$175 million equivalent) on the terms and conditions set out in
the President’s Memorandum (IDA/R2014-0053, dated March 3, 2014).

THE BOARD OF DIRECTORS OF IFC:

Mexico – Investment in VMLA Mexico

3.    The Board of Directors authorized on March 19, 2014 an investment in VMLA Mexico
(IFC/R2014-0050, dated March 7, 2014) in the form of a “C” loan of up to US$11.25 million.

Ms. Aviel wished to be recorded as abstaining (via e-Center on March 19, 2014).

Paraguay – Investment in Bancop S.A.

4.    The Board of Directors authorized on March 20, 2014 an investment in Bancop S.A.
(IFC/R2014-0051, dated March 10, 2014) in the form of an “A” loan of up to US$7 million.




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.