72686   FROM: Vice President and Corporate Secretary       Minutes of Joint Meeting of the Executive Directors of the Bank and IDA, and the Boards of Directors of IFC and MIGA,   held in the Board Room on Thursday, July 12, 2012, at 11:40 a.m.     1. There were present:   CHAIR:   M. Mohieldin, Managing Director   EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:   I. Alturki (Alternate) K. Huber D. Bohan (Alternate) S. James (Alternate)   A. Brandt S. Katash (Temporary Alternate) F.A. Camarasa L. Laraia (Temporary Alternate)   I.-K. Cho (Alternate) A. Mendes Dias S. Dib (Alternate) M.-L. Morin   A. Fayolle M. Muhtar (Alternate) J. Frieden M.N. Prasad   M. Garcia I. Solomon B. Han (Alternate) R. Studart   M. Hasan H.A. Taha N. Hayashi R. Treffers   I. Hoven   ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:   A. Alkaffas S. Nanu S. Aviel W. Rissmann   J.J. Bravo   W Szczuka M.S. Kayad Y. Takamura OFFICERS AND STAFF PARTICIPATING: J. Familiar, Vice President and R. Robbins, Vice President and Corporate Secretary General Counsel, CLVVP A.-M.Leroy, Senior Vice President and R. Krech, Corporate Secretariat Group General Counsel, LEGVP 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-   Minutes of Previous Meetings   2. The Executive Directors recorded their approvals on June 28, 2012 of the Minutes of the joint meeting held on May 29, 2012 (M2012-0043[IDA/M2012-0043, IFC/M2012-0039,   MIGA/M2012-0022]), on July 2, 2012 of the Minutes of the joint meeting held on May 17, 2012 (IFC/M2012-0035[MIGA/M2012-0019]), and on July 10, 2012 of the Minutes of the joint meeting held   on June 12, 2012 (M2012-0046[IDA/M2012-0046, IFC/M2012-0041]).   Report of the 2012 Standing Joint Committee on the Remuneration of Executive Directors and their Alternates (JCR)   3. The Executive Directors recorded their approval on June 28, 2012 of the recommendation   contained in paragraph 2 of the Memorandum entitled "Report of the 2012 Standing Joint Committee on the Remuneration of Executive Directors and their Alternates (JCR") (R2012-0147[IDA/R2012-0177,   IFC/R2012-0247, MIGA/R2012-0043], dated June 25, 2012), namely, that the Report of the 2012 Standing Joint Committee and the draft resolution contained therein be submitted to the Board of   Governors of the Bank and IFC, and the MIGA Council of Governors, respectively, for a vote without meeting.   Executive Directors' Work Program FY13 (July 2012 - June 2013)   4. The Executive Directors recorded their approval on July 3, 2012 of the Executive Directors' FY13   Work Program covering the period July 2012 through June 2013 (R2012-0139/1 [IDA/R2012-0169/1, IFC/R2012-0241/1, MIGA/R2012-0039/1], dated June 22 and June 27, 2012, respectively).   Date of Next Meeting   5. It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Tuesday, July   17, 2012.   Adjournment   6. The meeting adjourned at 11:42 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.