35421
                                                                      OFFICIAL USE ONLY
                                                                                 M2006-0011
                                                                             IDA/M2006-0011

                                                                                March 6, 2006



                                                                  For meeting of
                                                        Board: Tuesday, March 21, 2006


FROM: Vice President and Corporate Secretary


              Minutes of Meeting of the Executive Directors of the Bank and IDA
              held in the Board Room on Thursday, February 9, 2006, at 10:47 a.m.


1.    There were present:

                                        CHAIRMAN:

                              Graeme Wheeler, Managing Director*


EXECUTIVE DIRECTORS AND ALTERNATES ACTING AS EXECUTIVE DIRECTORS:

A. Alkhalifa (Temporary Alternate)             N. Mohamed (Temporary Alternate)
G. Alzetta                                     N. Mota Pinto (Alternate)
O. Canuto                                      T. Oya (Alternate)
J-K. Choi                                      T. Proskuryakova (Temporary Alternate)
A. Ciobanu (Alternate)                         J. Quijandria
P. Gomes                                       B. Ryan (Temporary Alternate)
R. Gudmundsson (Temporary Alternate)           J. Schmid (Temporary Alternate)
T. Ingolfsson                                  C. Sergeant (Alternate)
M. Ketsela (Alternate)                         S. Shah (Alternate)
D. Kumar                                       R. Silaban (Temporary Alternate)
C. McCoy (Temporary Alternate)                 P. Veglio
L. Marti                                       J. Yang (Alternate)

ALTERNATES NOT ACTING AS EXECUTIVE DIRECTORS:

Z.A. Khan                                      L.P. Ong Seng
M. Nemli



                                                  ______________________________
                                                  *by agreement of Executive Directors

                                                              - 2 -                                                     M2006-0011
                                                                                                                 IDA/M2006-0011


OFFICERS AND STAFF PARTICIPATING:

A. Khanna, Acting Corporate Secretary                            L. Tuck, Director, LCSES
S. White, Acting Vice President                                  M. Ballivian, LCCNI*
     and General Counsel                                         F. Castro-Leal, LCSPP*
E. Adu, Deputy General Counsel, LEGVP                            C. Torres, LCSFE
J. Adams, Vice President, OPCVP                                  J. Voegele, ECSSD
P. Cox, Vice President, LCRVP                                    R. Babihuga, IMF
S. Katsu, Vice President, ECAVP                                  V. Haksar, IMF
J. Armitage, Director, LCC2C                                     A. Walsh, Corporate Secretariat
A. Dixon, Director, ECCU8*

*Via videoconference.

Minutes of Previous Meetings

2.       The Executive Directors approved the minutes of the meetings held on January 19, 2006
(M2006-0006[IDA/M2006-0006]) and January 24, 2006 (M2006-0007[IDA/M2006-0007]).

Nicaragua: Poverty Reduction Strategy Paper and Joint IDA-IMF Staff Advisory Note

3.       The Executive Directors discussed the Poverty Reduction Strategy Paper and Joint IDA-IMF
Staff Advisory Note for the Republic of Nicaragua (IDA/SecM2006-0006, dated January 19, 2006). The
Chairman's Summing Up of the discussion was subsequently distributed as IDA/SecM2006-0006/1,
dated February 10, 2006.

Adaptable Program Lending (Grant) to Kyrgyz Republic ­ Avian Influenza Control and Human
Pandemic Preparedness and Response Project

4.       The Executive Directors considered the President's Memorandum and Recommendation
(R2005-0244, dated November 22, 2005) and approved the grant to the Kyrgyz Republic for the
Avian Influenza Control and Human Pandemic Preparedness and Response Project in the amount of
US$4 million (SDR 2.8 million equivalent) on the payment terms and other terms and conditions set out
in the President's Memorandum. The grant is the first in a series of country specific projects to be
financed under the six year, US$500 million Global Program for Avian Influenza Control and Human
Pandemic Preparedness and Response (GPAI) Framework, and is a horizontal adaptable program loan.

Date of Next Meeting

5.       It was agreed to hold a meeting of the Executive Directors of the Bank and IDA on Thursday,
February 16, 2006.

Adjournment

6.       The meeting adjourned at 12:29 p.m.


Distribution:

  Executive Directors and Alternates
  President
  Bank Group Senior Management
  Vice Presidents, Bank, IFC and MIGA
  Directors and Department Heads, Bank, IFC and MIGA
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.