FROM: Vice President and Corporate Secretary Minutes of a Meeting of the Executive Directors of the Bank via WebEx on October 29, 2020 at 10:00 a.m. 1. There were present: CHAIR: A. van Trotsenburg, Managing Director, Operations EXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS: M. Alam F. Jimenez A. Alqifari A. Kabagambe G. Antioch A. Kouagou O. Bougara A. Manuel A. Buisse DJ. Nordquist A. Clark Parjiono M. Coelho V. Tamozhnikov K. Davidse C. Thiel R. Eletreby T. Tsuda A. Fernandez A. Weintraub N. Francken K. Zajdel-Kurowska G. Haarde T. Zhang D. Harris OFFICERS AND STAFF PARTICIPATING: D. Gaye, Vice President and Corporate Secretary S. Okoro, Senior Vice President and General Counsel F. Jaramillo, Regional Vice President L. Benveniste, Regional Director P. Anos Casero, Country Director R. Munoz, Program Leader M. Morgandi, Senior Economist 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. Brazil – Loan - Income Support for the Poor affected by COVID-19 Project 2. The Executive Directors considered the President’s Memorandum and Recommendation (R2020- 0195;/2, dated October 8, 2020, and October 27, 2020, respectively) and approved a loan in the amount of US$1 billion to Brazil for an Income Support for the Poor affected by COVID-19 Project on the terms and conditions set out in the President’s Memorandum. Adjournment 3. The meeting adjourned at 11:28 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. FROM: Vice President and Corporate Secretary Minutes of a Meeting of the Executive Directors of the Bank and IDA and the Boards of Directors of IFC and MIGA via WebEx on October 29, 2020 at 11:28 a.m. 1. There were present: CHAIR: A. van Trotsenburg, Managing Director, Operations EXECUTIVE DIRECTORS, ALTERNATES, AND TEMPORARY ALTERNATES ACTING AS EXECUTIVE DIRECTORS: M. Alam A. Kabagambe A. AlMutlak A. Kouagou G. Antioch A. Manuel O. Bougara DJ Nordquist F. Bouvet Parjiono A. Clark N. Putscher M. Coelho V. Tamozhnikov R. Eletreby T. Tsuda A. Fernandez F. Vodita N. Francken A. Weintraub G. Haarde K. Zajdel-Kurowska D. Harris T. Zhang F. Jimenez OFFICERS AND STAFF PARTICIPATING: D. Gaye, Vice President and Corporate Secretary S. Okoro, Senior Vice President and General Counsel 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. Farewell to Alternate Executive Directors 2. The Chair made the customary farewell remarks in honor of Alternate Executive Directors Mr. Gerard Antioch (Australia), Mr. Omar Bougara (Algeria) and Mr. Fernando Jimenez (Spain) and offered his good wishes for the future. The Executive Directors recorded their appreciation. Adjournment 3. The meeting adjourned at 12:02 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. The following item(s) have been approved on an Absence-of-Objection Basis or have been authorized to proceed on a streamlined basis between October 28, 2020 – October 29, 2020 THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Uzbekistan – Credit - Modernizing Uzbekistan National Innovation System (MUNIS) Project 1. The Executive Directors approved on October 28, 2020 a credit in the amount of US$50 million to Uzbekistan for a Modernizing Uzbekistan National Innovation System Project on the terms and conditions set out in the President’s Memorandum (IDA/R2020-0353, dated October 8, 2020). Nepal – Credit - Rural Enterprise and Economic Development Project 2. The Executive Directors approved on October 28, 2020 a credit in the amount of SDR 56.4 million (US$80 million equivalent) to Nepal for a Rural Enterprise and Economic Development Project on the terms and conditions set out in the President’s Memorandum (IDA/R2020-0354, dated October 8, 2020). Minutes of Previous Meeting 3. The Executive Directors of the Bank and IDA approved on October 28, 2020 the minutes of the meeting held on October 13, 2020 and the record of approvals and authorizations on October 9, 2020 (M2020-0028[IDA/M2020-0028], dated October 21, 2020) Ghana – Credit - Development Finance Project 4. The Executive Directors approved on October 29, 2020 a credit in the amount of US$250 million to Ghana for a Development Finance Project on the terms and conditions set out in the President’s Memorandum (IDA/R2020-0355, dated October 9, 2020). Mauritania – Grant - Basic Education Sector Support Project - Phase 2 5. The Executive Directors approved on October 29, 2020 a grant in the amount of SDR 29.1 million (US$40 million equivalent) to Mauritania for a Basic Education Sector Support Project - Phase 2 on the terms and conditions set out in the President’s Memorandum (IDA/R2020-0356, dated October 9, 2020). ****************************************************************************** THE BOARD OF DIRECTORS OF IFC Indonesia - Investment in PT LOGOS Indonesia Deltamas One and PT LOGOS Indonesia Prime One for the Logos Indo 2020 Project 6. The Board of Directors approved on October 28, 2020 an investment in Indonesia - PT LOGOS Indonesia Deltamas One and PT LOGOS Indonesia Prime One for the Logos Indo 2020 Project (IFC/R2020-0214, dated October 16, 2020) consisting of a senior long-term debt for an aggregate amount of up to US$120 million to the two above-mentioned Logos subsidiaries comprising: (i) two A Loans totaling up to US$73 million; and (ii) two Trust Loans totaling up to US$47 million from IFC acting in its capacity as the implementing entity for the Managed Co-Lending Portfolio Program(MCPP). 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. Brazil - Investment in Grupo Cocal for the Cocal Bio Project 7. The Board of Directors approved on October 29, 2020 an investment in Brazil - Grupo Cocal for the Cocal Bio Project (IFC/R2020-0215, dated October 19, 2020) consisting of senior loans for an aggregate amount of up to US$70 million equivalent in Cocal, comprising (i) an “A” loan of up to US$40 million (which could be Brazilian real-linked) with a tenor of 8 years and (ii) a “B” loan of up to US$30 million with a tenor of 7 years. Ms. Nordquist wished to be recorded as abstaining. 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.