Minutes of a Meeting of the Board of Directors of IFC held in the Board Room on November 2, 2023, at 10:01 a.m. 1. There were present: CHAIR: M. Diop, IFC Managing Director and Executive Vice President DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS DIRECTORS: M. Bugamelli A. Morozov A. Buisse C. Nahon T. Dorji F. Ngaruko D. Favre S. Otani M. Finaish K. Rechico N. Fiti Nedelkovska S. Saeed N. Francken W. Saputra V. Gnanendran H. Seifeldin E. Gomes R. Srinivasakrishnan K. Harrigan H. Tavares A. Kiampuku E. Valle Maestro M. Krake W. Yang L. Lind OFFICERS AND STAFF PARTICIPATING: M. Tembon, Corporate Secretary R. Nagpal, Vice President and General Counsel S. Pimenta, Regional Vice President J. Ferretti, Director General T. Kaddeche, Director N. Ahmad, Director E. Torres Barrera, Advisor P. Flanagan, Senior Environmental/Social Compliance Specialist P. Lombardo, Chief Environmental Specialist 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. Management Progress Report on Implementation of the Management Action Plan for Egypt Alexandria Development Limited 2. The Board of Directors considered CAO’s Compliance investigation Report and IFC’s Management Report and Management Action Plan in Relation to the CAO Compliance Investigation Report on Alexandria Development Limited, Egypt and approved the Management Action Plan (MAP) (IFC/R2023-0204;/1, dated June 20, 2023, and September 28, 2023, respectively). CAO’s investigation report, the Management Report and MAP will be published on CAO’s website. IFC Management Report in Relation to the CAO Compliance Investigation Report on LONMIN PLC - South Africa - Sub Saharan Africa 3. The Board of Directors also considered CAO’s Compliance investigation Report and IFC’s Management Report in Relation to the CAO Compliance Investigation Report on LONMIN PLC - South Africa - Sub Saharan Africa (IFC/R2023-0277, dated September 7, 2023). IFC will submit for Board’s consideration on an absence of objection, a Management Action Plan addressing recommendation six of CAO’s compliance investigation Following approval of the MAP, the CAO Investigation report, the Management Report and MAP will be published on CAO’s website. Adjournment 4. The meeting adjourned at 11:58 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. The following item(s) have been approved on an absence-of-objection basis or have been authorized to proceed on a streamlined basis between November 1, 2023 and November 2, 2023 THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Kyrgyz Republic – Additional Credit - Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000) for Kyrgyz Republic 1. The Executive Directors approved on November 1, 2023 an additional credit in the amount of US$18.3 million to the Kyrgyz Republic for the Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000) for Kyrgyz Republic on the terms and conditions set out in the President’s Memorandum (IDA/R2023-0265, dated October 13, 2023). African Union – Grant - Africa Think Tank Platform Project 2. The Executive Directors approved on November 2, 2023 a grant to the African Union (AU) in the amount of SDR 37.6 million (US$50 million equivalent) for the Africa Think Tank Platform Project on the terms and conditions set out in the President’s Memorandum (IDA/R2023-0266, dated October 16, 2023). ****************************************************************************** THE EXECUTIVE DIRECTORS OF THE BANK AND IDA, THE BOARDS OF DIRECTORS OF IFC AND THE BOARD OF DIRECTORS OF MIGA Dean and Co-Dean Selection Process - Proposed Option for Board Endorsement 3. The Executive Directors of the Bank and IDA and the Boards of Directors of IFC and MIGA approved on November 2, 2023 the document entitled “Dean and Co-Dean Selection Process - Proposed Option for Board Endorsement” (R2023-0270[IDA/R2023-0272, IFC/R2023-0315, MIGA/R2023-0136], dated October 27, 2023). Mr. Marshavin wished to be recorded as objecting. Minutes of Previous Meetings 4. The Executive Directors of the Bank and IDA and the Boards of Directors of IFC and MIGA approved on November 2, 2023 the minutes of the meeting held on September 19, 2023 and the record of approvals and authorizations between September 13, 2023 and September 19, 2023 (M2023-0028[IDA/M2023-0027, IFC/M2023-0029, MIGA/M2023-0026], dated October 26, 2023). 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.