statementssholisa

NotetoExecutiveBoardrepresentativesFocalpoints:Technicalquestions:Dispatchofdocumentation:LuisJiménez-McInnisSecretaryofIFADTel.
:+390654592254e-mail:l.
jimenez-mcinnis@ifad.
orgDeirdreMcGrenraChiefInstitutionalGovernanceandMemberRelationsTel.
:+390654592374e-mail:gb@ifad.
orgExecutiveBoard—128thSessionRome,10-12December2019Document:EB2019/128EDate:19March2020Distribution:PublicOriginal:EnglishMinutesofthe128thSessionoftheExecutiveBoardEB2019/128iContentsAgendaitem1–Openingofthesession1Agendaitem2–Adoptionoftheagenda1Agendaitem3–StrategicdiscussionwiththePresidentofIFAD(EB2019/128/R.
2)2Agendaitem4–Corporate3(a)IFAD's2020results-basedprogrammeofworkandregularandcapitalbudgets,andtheIndependentOfficeofEvaluationofIFAD'sresults-basedworkprogrammeandbudgetfor2020andindicativeplanfor2021-2022,andtheHIPCandPBASprogressreports(EB2019/128/R.
3)3(b)PoliciesandStrategies5(c)EconomicActivitiesofPersonswithDisabilitiesinRuralAreas:NewEvidenceandOpportunitiesforIFADEngagement(EB2019/128/R.
7)6Agendaitem5–EnterpriseRiskManagement7(a)EnhancingIFAD'sEnterpriseRiskManagementFramework–Update(EB2019/128/R.
8)7(b)CorporateRiskDashboard(EB2019/128/R.
9)7Agendaitem6–Evaluation8(a)ReportoftheChairpersononthe107thsessionoftheEvaluationCommittee(EB2019/128/R.
10)8(b)DraftActionPlanfortheImplementationoftheMainActionsandRecommendationsofthePeerReviewofIFAD'sEvaluationFunction(EB2019/128/R.
11)8Agendaitem7–Operationalmatters9(a)FrameworkforOperationalFeedbackfromStakeholders:(EB2019/128/R.
13)9(b)Countrystrategicopportunitiesprogrammes(COSOPs)andcountrystrategyandprogrammeevaluations(CSPEs)10(i)WestandCentralAfrica10(ii)EastandSouthernAfrica10(c)Project/programmeproposalsforconsiderationbytheExecutiveBoard10(i)AsiaandthePacific10(ii)EastandSouthernAfrica11(iii)NearEast,NorthAfricaandEurope12(iv)WestandCentralAfrica13Agendaitem8–Financialmatters15(a)ReportoftheChairpersononthe155thmeetingoftheAuditCommittee.
15(b)Resourcesavailableforcommitment(EB2019/128/R.
37)15(c)AnnualreviewoftheConceptualFrameworkonFinancialReportingandAuditingofIFAD-financedProjects15(d)IFAD'sInvestmentPolicyStatement(EB2019/128/R.
38+Add.
1+Add.
2)15(e)WorkplanforIFAD'sOfficeofAuditandOversightfor2020(EB2019/128/R.
39)16(f)RevisionofIFAD'sProjectProcurementGuidelines(EB2019/128/R.
40)16EB2019/128ii(g)Anti-MoneyLaunderingandCounteringtheFinancingofTerrorismPolicy(EB2019/128/R.
41)17(h)SovereignborrowingframeworkloanfromCanada(EB2019/128/R.
42)18(i)CapitalAdequacyPolicy(EB2019/128/R.
43)18(j)DebtSustainabilityFrameworkReform(EB2019/128/R.
44)18(k)ProposalforaCreditRatingforIFAD(EB2019/128/R.
45)20(l)IFAD'sAssetLiabilityManagementFramework(EB2019/128/R.
46)20(m)ApproachtoIFAD'sNewLiquidityPolicy:PrinciplesandGuidelines(EB2019/128/R.
47)20Agendaitem9–Governance21(a)ProposeddatesforthesessionsoftheExecutiveBoardtobeheldin2021(EB2019/128/R.
48)21(b)EstablishmentoftheConsultationontheTwelfthReplenishmentofIFAD'sResources(EB2019/128/R.
49)21(c)EstablishmentoftheEmolumentsCommittee(EB2019/128/R.
50)22(d)UpdateonaproposalforanautomatedvotingsystematIFAD(EB2019/128/R.
56)22Agendaitem10–ProgressReport23(a)UpdateonIFAD'sApproachtoAddresstheUnitedNationsStrategytoPreventandRespondtoSexualHarassment,SexualExploitationandAbuse(EB2019/128/R.
51)23(b)ReportontheoutcomeoftheExecutiveBoardconsultationProgressReportonRome-basedagenciescollaboration(EB2019/128/R.
52)24Agendaitem11–Otherbusiness24(a)RenewaloftheHostingAgreementoftheSecretariatoftheInternationalLandCoalition(EB2019/128/R.
53)24(b)Proposalonthevenueoftheforty-fourthsessionoftheGoverningCouncil24(c)ParticipationofsilentobserversinthesessionsoftheExecutiveBoard25Closingofthesession25AnnexesI.
ConsultationspriortoEB128A.
Summaryofverbalreportontheoutcomeoftheconsultationoncountrystrategicopportunitiesprogrammes(COSOPs)andrelatedcountrystrategyandprogrammeevaluations(CSPEs)B.
SummaryofProjectandProgrammeProposalsdiscussedattheExecutiveBoardconsultationII.
Delegationsatthe128thsessionoftheExecutiveBoardIII.
Listofdocumentsplacedbeforethe128thsessionoftheExecutiveBoardIV.
AgendaEB2019/1281DraftMinutesofthe128thSessionoftheExecutiveBoardAgendaitem1–Openingofthesession1.
The128thsessionoftheExecutiveBoardwasopenedbythePresidentofIFADandChairpersonoftheBoard,GilbertF.
Houngbo.
2.
TheExecutiveBoardhadbeforeitthedocumentslistedinannexIII.
3.
Theminutesreflecttheorderoftheagendaitems.
Whererelevant,mainoutcomesareincludedintextboxes.
4.
ThePresidentwelcomedthenewlyaccreditedBoardrepresentativeforItaly,MrAlessandroCascino,Director,TreasuryDepartment,InternationalFinancialRelations,MinistryofEconomyandFinanceoftheItalianRepublic.
5.
HealsowelcomedrepresentativesparticipatinginaBoardsessionforthefirsttime,aswellasdelegatesandobserversinthesalled'écoute.
6.
TheChairperson'sopeningstatementwaspostedasdocumentEB2019/128/INF.
6.
Agendaitem2–Adoptionoftheagenda7.
Attheendofthesession,twoBoardrepresentativestookthefloorandraisedtheissuesreflectedunderagendaitem11,otherbusiness,tobeincludedassub-items(b)and(c):Proposalonthevenueoftheforty-fourthsessionoftheGoverningCouncil;andOutcome:TheExecutiveBoardadoptedtheagendaascontainedindocumentEB2019/128/R.
1withthefollowingamendments:Removaloftwoprojectproposalstoallowforthegovernmentstocompleteinternalproceduresandfinalizenegotiations:oPhaseIIoftheGwadar-LasbelaLivelihoodsSupportProjectinPakistan,whichwillberesubmittedtotheApril2020session;andoScalingupAgriculturalTechnologiesforSmallholderFarmersProjectinIndia.
AsproposedbytheConvenorsandFriends,theReportoftheChairpersonoftheAuditCommitteewillnolongerbeastand-aloneitem.
TheChairpersonreportedondeliberationsoftheAuditCommitteeinconjunctionwiththeBoard'sconsiderationofitemsreviewedatthe155thmeeting.
InclusionofarequestforextensionofthetimelimitforsignatureofthefinancingagreementfortheSustainableRuralDevelopmentProjectintheTerritoriesoftheZonadaMataandAgresteofPernambucoinBrazil.
TheBoardnotedthattheNationalOilseedsProjectforUgandawouldbekeptontheagendaforconditionalapprovalbytheBoard,pendingcompletionofnegotiationsbytheendof2019.
AcopyofthenegotiatedfinancingagreementwouldbetabledattheBoardsessioninApril2020,alongwithanysubstantivechangestothetermspresentedtotheBoardatitscurrentsession.
Theseamendmentswouldbereflectedinarevisedagendaandrevisedscheduleofwork.
EB2019/1282ParticipationofsilentobserversinthesessionsoftheExecutiveBoard.
Agendaitem3–StrategicdiscussionwiththePresidentofIFAD(EB2019/128/R.
2)8.
TheBoardnotedtheneedforcontinuedengagementinredlightcountrieswhilemaintainingthefocusonIFAD'smandateandtheassociatedneedtoincreasetheresourcebasebyadoptingastrategytoleverageresources.
TheBoardagreedwiththefocusonlow-incomeandlower-middle-incomecountriesbutnotedtheneedforcontinuedengagementinmiddle-incomecountries(MICs)giventhepocketsofpoorpeopleintheruralareasofthesecountries,andthecapacityofMICstogenerateloanreflowstoIFAD.
9.
Therewasaneedtoensureabalancebetweenloansandgrantsandsafeguardthelong-termsustainabilityofIFAD.
ThepushtowardsIFADbecomingafullyfledgeddevelopmentfinanceinstitutionwaswelcomed.
MembersreiteratedtheimportanceofensuringcoreresourcesforIFADthroughMemberStates'contributionsasthebedrockofIFAD'sfunding.
10.
MembersalsourgedManagementtoensurethatIFADresultswerealignedwiththeSustainableDevelopmentGoals(SDGs)throughbettermonitoringofoperationsandenhancedefficiency.
TheywelcomedIFAD'sfocusonthefourmainstreamingthemes:nutrition,climatechange,genderandyouth.
11.
Regardinghumanresourcescapacity,theBoardhighlightedtheneedforathoroughassessmentoftheskillsrequiredbyIFADandastrategytoattractandretaintherighttalent,nurtureinternaltalent,andimplementtargetedcareerdevelopment.
12.
TheBoardsupportedeffortstoleveragefinancingincludingthroughborrowing,diversificationofdeliverymechanisms(suchasdecentralization)andenhancingtheIFADemployeevalueproposition.
13.
MembersurgedManagementtoprovideampledatatoshowcaseIFAD'ssellingpointandcomparativeadvantage.
RaisingawarenessofIFAD'sprofilewasconsideredkeyinmakingthecaseforinvestmentinIFADwithcounterpartsincapitals.
Furthermore,itwouldhelptobetterunderstandIFAD'spositioninthebroaderfinancialarchitecture.
Onarelatednote,severalmembersunderlinedtheneedforgreatercoordinationaroundtheapproachtoachievingtheSDGs,inparticularSDG2.
14.
Additionalinformationwouldberequiredontheverticalfundapproach,inparticulartheimplicationsforgovernanceandtheinclusivenessthatcharacterizedIFADasaspecializedagencyoftheUnitedNations–acharacteristicthatshouldbemaintained.
15.
Managementwelcomedthefeedbackprovidedandnotedthatregardingthebalancebetweenloansandgrants,thefocuswouldbeonimplementingasustainablemodelfortheFund.
EffortswerealsobeingmadetostrengthenIFAD'spositionwithintheoverallglobalarchitectureforagriculturaldevelopment.
Outcome:TheExecutiveBoardwelcomedthediscussionwiththePresidentonstrategicissuesincludedindocumentEB2019/128/R.
2,namely:(a)IFAD'sengagementwithredlightcountries;(b)balancebetweenloansandgrants;(c)verticalfundapproach;and(d)humancapital.
TheBoardnotedthatalltheseaspectsshouldbediscussedagainstthebackdropofIFAD'smandate.
EB2019/1283Agendaitem4–Corporate(a)IFAD's2020results-basedprogrammeofworkandregularandcapitalbudgets,andtheIndependentOfficeofEvaluationofIFAD'sresults-basedworkprogrammeandbudgetfor2020andindicativeplanfor2021-2022,andtheHIPCandPBASprogressreports(EB2019/128/R.
3)16.
TheBoardtooknoteofthesummariesprovidedbytheChairpersonoftheAuditCommittee(Italy),andbytheChairpersonoftheEvaluationCommittee(Indonesia).
17.
TheBoardwelcomedtheeffortsmadebyManagementtoensureazerorealgrowthbudgetforthesecondconsecutiveyearandtheachievementofanominaldecreaseof0.
19percent.
Managementnotedthatzerorealgrowthmaynotbesustainableinyearstocome.
Inaddition,membersexpressedstrongsupportforOutcome:TheExecutiveBoardapprovedtheprogrammeofworkfor2020atalevelofSDR760million(US$1,062million),whichcomprisesalendingprogrammeofSDR718million(US$1,004million)andagrossgrantprogrammeofUS$58million.
TheExecutiveBoardrecommendedthesubmissiontotheforty-thirdsessionoftheGoverningCouncilin2020of:TheregularbudgetofIFADfor2020intheamountofUS$157.
9million;ThecapitalbudgetofIFADfor2020intheamountofUS$4.
445million;ThebudgetoftheIndependentOfficeofEvaluationofIFADfor2020intheamountofUS$6.
055million;Theset-asidereservebudgetofuptoUS$12millionforthetargetedcapacityinvestmentandreform,assetforthindocumentGC43/L.
6.
Accesstotheset-asidereservebudgetwouldbesubjecttotheExecutiveBoard'sapprovalinApril2020ofadetailedtwo-yearimplementationplanforthetargetedcapacityinvestment,indicatingspecificactionsexpectedtotakeplacein2020,2021orspanningbothyears.
TheExecutiveBoardwouldthendecidetheexactamountthatcouldbedrawndownfromtheset-asidereservefundsfor2020.
Thetargetedcapacityinvestmentwouldbere-examinedbytheExecutiveBoardin2021.
TheExecutiveBoardalsorecommendedthesubmissiontotheforty-thirdsessionoftheGoverningCouncilof:TheappropriationforthereplenishmentspecialexpenditurebudgetfortheConsultationontheTwelfthReplenishmentofIFAD'sResources(IFAD12)intheamountofUS$1.
1million.
TheExecutiveBoardagreedtosubmit,forinformation,totheforty-thirdsessionoftheGoverningCouncil:ThesubstanceoftheprogressreportonIFAD'sparticipationintheHeavilyIndebtedPoorCountriesInitiative;andTheprogressreportonimplementationoftheperformance-basedallocationsystembasedonthereportprovidedinpartfourofdocumentEB2019/128/R.
3anditsaddendumcontainingthe2019countryscoresand2019-2021allocations.
TheExecutiveBoardfurtherapprovedthatunobligatedappropriationsatthecloseofthefinancialyear2019maybecarriedforwardintothe2020financialyearuptoanamountnotexceeding5percentofthecorrespondingappropriations.
EB2019/1284Management'splansforreform.
TheyrecognizedtheneedtobuildIFAD'scapacityincriticalareasandaddressgapsidentifiedintherecentlyconductedhumanresourcesstudyandbusinessprocessreview.
18.
Inajointstatement,ListAexpressedappreciationfortheextensiveinternalbudgetpreparationprocess,whichhadtakenaccountofthecommentsofAuditCommitteemembersandBoardrepresentatives.
Whilesupportingtheproposedprogrammeofloansandgrantsandwelcomingtheregularnetbudget,membersnotedwithconcerntheproposedtargetedcapacityinvestment(TCI)setasideintheamountofUS$12millionandhighlightedtheneedforadetailedimplementationplanandtimeline.
Managementagreedtopresentadetailedplanatthe129thsessionoftheExecutiveBoardinApril2020.
19.
Representativesagreedtotheuseofthecarry-forwardbudgetofupto5percentin2020,recognizingtheeffectivenessofthismechanismtoencouragesavingsandefficiencies.
20.
Sub-ListC1representatives,inajointstatement,expressedtheirsupportforIFAD's2020results-basedprogrammeofwork,andregularandcapitalbudgets,includingtheTCI.
RepresentativesstressedtheimportanceforIFADtocontinueintegratingmainstreamingthemessuchasgender,youthandclimatechangeintoitsprojects.
TheyalsounderlinedtheimportantlinkagebetweentheprogrammeofworkandbudgetandtheSDGs.
MembersurgedIFADtoincreasecofinancinginitsoperations.
21.
Inresponsetoconcernsfromrepresentatives,ManagementreassuredtheBoardthattheTCIwasnotintendedtobeasubstitutefortheregularbudgetandthatTCIactivitieswouldbesetoutinasegregatedmannerinthecomprehensiveimplementationplan.
22.
OntheissueofdistributionofprojectssubmittedforBoardapprovalovera12-monthperiod,Managementinformedrepresentativesthat35projectproposalswereplannedfor2020andagreedtoreducebunchingbydistributingthesemoreevenlythroughouttheyear.
ManagementalsoagreedtoprovidetheBoardwithdataontheregionaldistributionofproposedprojects.
23.
MembersnotedthattheIFAD11commitmenttolimitthenumberofMemberStatesreceivingresourcesthroughtheperformance-basedallocationsystem(PBAS)ineachcyclewasworkingwellgiventhehighpercentageofavailableresourcesbeingutilized.
MemberssupportedManagement'sproposaltoretaintheIFAD11allocationsaspresentedinDecember2018forthewholedurationofthecycle.
Inaddition,membersinvitedtheChairpersonofthePBASWorkingGroup(Nigeria)toinformtheBoardshouldthePBASformulabeaffectedinIFAD12bytheDebtSustainabilityFramework(DSF)reform.
TheChairpersonconfirmedthattheWorkingGroupwouldreporttotheBoardasneeded.
24.
BoardmembersvoicedsupportforthebudgetoftheIndependentOfficeofEvaluationofIFAD(IOE)andwelcomedtheplannedjointcorporate-levelevaluationwiththeevaluationofficesoftheFoodandAgricultureOrganizationoftheUnitedNations(FAO)andtheWorldFoodProgramme(WFP)onRome-basedagencycollaborationtobecompletedin2021.
EB2019/1285(b)PoliciesandStrategies(i)InformationandCommunicationTechnologyforDevelopment(ICT4D)Strategy(EB2019/128/R.
5)25.
MemberswelcomedthestrategyandthevisionoftransformingandpromotingruralsocietiesinwhichpeoplehaveinclusiveaccesstoICT-enabledservicesandsolutionstoachievefoodsecurityandprosperitythatleavenoonebehind.
TheBoardencouragedIFADtoidentifypartnershipswithserviceprovidersindevelopingcountrieswithspecificknowledgeoflocalcontexts.
ManagementassuredtheBoardthatpartnershipwasattheheartofthestrategyandprovideddetailsofongoingandplannedcollaborationincludingwithRome-basedagencies.
26.
MembersalsocalleduponManagementtoleveragesouth-southcooperationandtosharelessonslearned,includingthroughtheFund'sRuralSolutionsPortal,andnotedthatIFAD'sICT4DstrategybuiltontheUnitedNationsSecretary-General'sStrategyonNewTechnologies.
27.
Managementcommittedtodevelopingmore,andimproved,outcome-andimpact-levelindicatorstodocumenttheresultsofthestrategy'simplementationandtomapthesetotheactionareasandobjectivesofthestrategy.
28.
TheBoardunderlinedtheimportanceofprotectingdata,ensuringprivacyandreinforcingcybersecurity.
Managementconfirmedthatmitigationmeasurestoreducesuchrisksandlimitpotentialdamagewereincludedinthestrategyandwouldbeputinplace.
29.
Inresponsetoaquery,ManagementexplainedthatIFAD'scomparativeadvantageinthissectorwasitsin-depthknowledgeofagriculture,in-countrypresenceandabilitytoconnectruralproducerstomarketsandservices.
Increasingly,theFund'sprojectsweremakinguseoftechnologytopilotinnovationsorscaleupsuccessfulinterventions.
ManagementnotedthatIFADwaswell-placedtosupportgovernmentstomakeevidence-basedandinformeddecisionsandtoraiseawarenessoftherisksthatcertainICTsolutionscouldentail.
ICTcouldbeusedtoimprovetargetingcapacityandcarewouldbetakentoensurethatinterventionsdidnotwidenthedigitaldivide.
30.
ManagementagreedwithmembersthatIFAD'sICT4DstrategywasambitiousandpointedoutthatthebudgetdocumentsubmittedfortheBoard'sapprovalincludedarequestforanICT4Dexpertandpotentiallymorepositionsifrequiredinthefuture,assumingneedsarewelljustified.
(ii)FrameworkforImplementingTransformationalApproachestoMainstreamingThemes:EnvironmentandClimate,Gender,NutritionandYouth(EB2019/128/R.
6)Outcome:TheExecutiveBoardapprovedtheInformationandCommunicationTechnologyforDevelopment(ICT4D)Strategy,containedindocumentEB2019/128/R.
5,whichsetoutthestrategicdirection,actionareasandguidingprinciplesforleveragingICT4DtoachievetheFund'sstrategicobjectivesandorganizationalpriorities.
EB2019/128631.
TheBoardnotedthattheframeworkcoveredhigh-levelconceptualaspectsandshowedinterlinkagesamongthefourmainstreamingthemes.
Attheoperationallevel,ManagementconfirmedthattheframeworkwouldbeimplementedthroughvariousguidelinesandtoolssuchastheSocial,EnvironmentalandClimateAssessmentProcedures(SECAP),theprojectimplementationmanual,andhow-to-donotesoneachofthemainstreamingthemes.
32.
Regardingperformanceindicatorstomonitorprogressandsystematicallyreportontransformation,Managementnotedthatthealreadyelaboratedthematicindicatorswouldbeused.
Synergyamongtheindicatorswasnotanendinitself,sotherewouldbenospecificindicatorstotrackthis.
However,forIFAD11,impactwasbeingmeasuredongendermainstreamingandaseriesofstudiesongenderwouldbeshared.
33.
Commentingontheprojectimplementationmanual,somemembersnotedtheneedto:includeagro-ecologicalapproachesasatooltoimplementthemainstreamingofenvironmentandclimatechangeandnutrition;explorelinkstoongoinginternationalinitiatives;andemphasizetransformationoffoodsystemsandfoodsafetyinthetext.
34.
Respondingtohowtheframeworkwouldbeincorporatedintothenewcountrystrategicopportunitiesprogramme(COSOP)guidelines,andwhethertheseguidelineswouldhavetobeupdated,ManagementclarifiedthattheSECAPguidelineswerebeingrevisedandthatchangesintheCOSOPguidelineswouldbereflectedintherevisedSECAPguidelines.
35.
Managementfurthernotedthatthecapacityofstafftoimplementtheframeworkandrelatedguidelineswasbeingenhanced,includingthroughtheOperationsAcademymodulesonthemainstreamingthemes.
(c)EconomicActivitiesofPersonswithDisabilitiesinRuralAreas:NewEvidenceandOpportunitiesforIFADEngagement(EB2019/128/R.
7)36.
Managementtooknoteoftherecommendationsmadebyrepresentatives:InvolvingpersonswithdisabilitiesandtheirownorganizationsintheplanningandimplementationofIFADprogrammesinordertoensuretheirfullandequalparticipation;MainstreamingtheissueofdisabilityinIFAD'steamsandprogrammes,includingintheaccountabilityandresultsframeworks;Outcome:TheBoardthankedManagementforpreparingtheIntegratedFrameworkforImplementingTransformationalApproachestotheMainstreamingThemesandreviewedthedocument,notingthatitincludedfollow-upontheIFAD11commitmentformainstreamingthefourthematicareas.
ManagementwouldupdatetheBoardonthestatusofimplementationofthemainstreamingthemesandsharethesetofoperationalguidelinesbeingusedinDecember2020.
Outcome:TheBoardrevieweddocumentEB2019/128/R.
7ontheEconomicActivitiesofPersonswithDisabilitiesinRuralAreas.
RepresentativesexpressedtheirstrongsupportforIFAD'sincreasedeffortstopromotetheempowermentofpersonswithdisabilities.
EB2019/1287Takinganintersectionalapproach,giventhatdiscriminationagainstpersonswithdisabilitiesanddiscriminationinotherareassuchasgenderandethnicityareofteninterlinked;andContinuingtoanalyseandaddressthecausesunderlyingdiscriminationbasedonthedisability.
37.
MemberscommendedManagementforbecomingpartoftheUnitedNationssystem-wideactionplanondisability,andfordedicatinganinteractivesessionattheforthcomingsessionoftheGoverningCounciltotheissueofdisabilityinthecontextofruraldevelopment.
38.
Respondingtoquestions,ManagementexplainedthatdatacollectionwasbeingpilotedinprojectsbeingimplementedduringIFAD11inBrazil,Georgia,Liberia,MalawiandNepalusingtheWashingtonGroupsetsofquestionsondisability.
ThesequestionshadalsobeenintroducedintheimpactassessmentforIFAD11;therefore,inadditiontothefivepilotstudies,Managementwouldreportondisabilitythroughthe24assessmentsintheIFAD11impactassessmentreport.
39.
Managementwasintheprocessofdesigningagrantsupportingfourprojectsperregioninwhicheconomicactivitiesforruralpersonswithdisabilitieswouldbemainstreamed.
40.
IFADhadjustjoinedtheinter-agencysupportgroupforthecommissiononrightsofpersonswithdisabilitiesandhadcommittedtoimplementingtheUnitedNationsdisabilityinclusionstrategyalsoaspartofitshumanresourcesmanagement.
41.
IFADwasalsoworkingwiththeUnitedNationsPopulationFund(UNFPA)inLiberia,andSierraLeonetoimplementanewdisabilitylaw.
Agendaitem5–EnterpriseRiskManagement(a)EnhancingIFAD'sEnterpriseRiskManagementFramework–Update(EB2019/128/R.
8),and(b)CorporateRiskDashboard(EB2019/128/R.
9)42.
RespondingtoquestionsonhowManagementforesawtheERMFgovernancestructureevolvingandtheroleoftheAuditCommittee,Managementclarifiedthatworkwasstillongoingonthismatter,andthataproposalwouldbesharedwiththeAuditCommitteeinMarch2020.
TheAuditCommitteewouldplayamajorroleindiscussionsaroundriskmanagementandManagementalsoplannedtoproposeaOutcome:TheExecutiveBoardwelcomedandtooknoteoftheupdateonenterpriseriskmanagementandthestatusreportontheIFADCorporateRiskDashboard,whichwereconsideredtogether.
TheExecutiveBoardtooknoteoftheupdateonongoingworktoenhanceIFAD'sEnterpriseRiskManagementFramework(ERMF)ascontainedindocumentEB2019/128/R.
8.
Theyprovidedcommentsontheproposedroadmap,includingtherevisionofIFAD'sERMFandthedevelopmentofIFAD'sriskappetitestatements,whichwouldbepresentedtotheAuditCommitteeandExecutiveBoardin2020.
TheExecutiveBoardalsodiscussedthetoprisksidentifiedbyManagement,aspertheCorporateRiskDashboard(CRD)presentedindocumentEB2019/128/R.
9.
Whileanewversionofthedashboardisexpectedtobepresentedbytheendof2020,ManagementandriskownersarereviewingthecurrentformatandkeyriskindicatorstofurtherenableriskdiscussionsandmaketheCRDmoreinformative.
EB2019/1288strategicdialoguewithCommitteemembersbeforepresentingthenewversionofthedashboardtotheExecutiveBoard.
43.
OnememberraisedtheissueoftheplannedPoLGandthereplenishmentlevelofIFAD11,andenquiredhowthiswouldimpactthePoLG.
ManagementclarifiedthatalargepartoftheResultsManagementFrameworkwasnotbasedonthelevelofprogramming:mostoftheoutcomesandoutputswerebasedonprojectsclosinginIFAD11.
Itwasclarifiedthattherecouldbeanimpactontier3indicators:resourcemobilization,certainallocationindicatorsandinstitutionalefficiencymetrics.
44.
OnememberencouragedManagementtokeeptheBoardregularlyinformedonpotentialrisksthatIFADcouldfaceindeliveringitsPoLGandthepossiblemitigationmeasuresthatwouldbetaken.
45.
Onemembersuggestedincludinggender-basedviolenceamongimplementationriskstobemonitored.
Agendaitem6–Evaluation(a)ReportoftheChairpersononthe107thsessionoftheEvaluationCommittee(EB2019/128/R.
10)46.
TheBoardtooknoteofthereportoftheChairpersononthe107thsessionoftheEvaluationCommitteeand,specifically,theCommittee'sdeliberationsontheworkplanforimplementingtherecommendationsarisingfromthepeerreviewoftheevaluationfunctionatIFAD.
(b)DraftActionPlanfortheImplementationoftheMainActionsandRecommendationsofthePeerReviewofIFAD'sEvaluationFunction(EB2019/128/R.
11)47.
TheBoardwelcomedthejointIOE/Managementactionplan,whichincorporatedfeedbackfromtheEvaluationCommittee.
Membersrequestedthattheactionplanbemodifiedto:(a)indicatekeyeventsandmilestonesinaconsistentmanner,and(b)revisetheroadmapandtimelinetoallowforinputbythenewIOEDirector.
48.
TheBoardexpressedinterestin:receivingregularupdatesontheimplementationstatusoftheactionplanthroughtheEvaluationCommittee;providingfeedbacktotheproductmix;andholdinginformalconsultationsonkeyaspectssuchastherevisedTermsofReferenceoftheEvaluationCommittee,therevisedpolicyandtheproductmix.
49.
SomemembersproposedthattheevaluationmanualbetranslatedintotheofficiallanguagesofcountrieswhereIFADhadoperationstofacilitateimplementation.
IOEnotedthatthiscouldbeexploredwithinterestedcountriestofindasuitablesolution.
50.
TheBoardalsonotedthatgoodpracticesofotherinternationalfinancialinstitutions(IFIs)anddevelopmentfinanceinstitutionswouldbetakenintoaccountinrevisingtheTermsofReferenceoftheEvaluationCommittee.
TheproposalbyonemembertotransformtheEvaluationCommitteeintoaDevelopmentEffectivenessCommitteewasnoted.
Outcome:TheExecutiveBoardreviewedtheactionplanandprovidedcomments.
ManagementandIOEwouldrevisethetimelinetoensurethatthenewIOEDirectorwouldprovidefeedbackontherevisedEvaluationPolicy.
TheBoardwouldbeconsultedforfeedbackontherevisionstotheproductmix,theEvaluationPolicy,theTermsofReferenceoftheEvaluationCommittee,andwouldbeupdatedontheprogressofimplementationoftheactionplan.
EB2019/1289Agendaitem7–Operationalmatters(a)FrameworkforOperationalFeedbackfromStakeholders:EnhancingTransparency,GovernanceandAccountability(EB2019/128/R.
13)51.
Boardrepresentativesexpressedstrongsupportfortheframework.
52.
Managementexplainedthatthesuccessfulimplementationoftheframeworkdependedonthesupportoftheregionaldirectorsandonfundingforfollow-upactivitiessuchasparticipationofspeciallytrainedstakeholdersindesignandsupervisionmissions.
53.
Managementunderlinedtheimportanceofclosingthefeedbackloopbyprovidingbeneficiarieswithfeedbackonhowtheirconcernsandcommentshadbeenaddressed.
Thistoowouldhavefinancialimplications.
Whenappropriate,technologywouldbeusedandwouldhelpreducethecostsassociatedwithcloserandmorefrequentcontactwithbeneficiaries.
54.
InresponsetoaqueryonthetimingofimplementationoftheframeworksetforDecember2020onwards,andarequestforearlierimplementation,Managementunderlinedtheimportanceofgovernmentcommitmentfromthedesignphaseofaproject.
Thetimelineof10monthsthathadbeensetwasbasedontheapproximatetimerequiredtodesignaproject.
55.
MembersaskedaboutthemechanismsenvisagedbyIFADtoensurethatpublicauthoritiescouldaccuratelyreportontheinformationprovidedbybeneficiariesandguaranteeimpartiality.
Managementexplainedthatitsriskmitigationstrategyincludedencouragingownershipbydiscussingtheframeworkwithgovernmentsattheprojectdesignphase;havingasharedunderstandingofwhattheframeworkentailed;andmakinguseofthird-partymonitoring.
Managementalsoclarifiedthatgrievancemechanismswouldrelyonlocal,nationalandIFADgrievancemechanisms.
Managementconfirmedthattheframework'sconceptsandprincipleswouldbeembeddedintheupdatedSECAP.
56.
TheBoardaskedaboutchallengeswhenworkingwithmarginalizedgroupsandindigenouspeoples.
Managementexplainedthatthelanguagebarrierwasaddressedbyworkingwithlocalinstitutionsandgroups.
IFAD'scontinuousdialoguewithindigenouspeopleswasalsokeytoworkingwelltogether.
57.
Onthequestionsraisedaboutworkingwithpartners,ManagementinformedtheBoardthatIFADworkedwithnumerousmultilateraldevelopmentbanksandthattheframeworkwascloselyalignedwiththeWorldBankCitizenEngagementStrategy.
58.
ManagementthankedBoardrepresentativesfortheirusefulcomments.
Outcome:TheExecutiveBoardapprovedtheimplementationoftheFrameworkforOperationalFeedbackfromStakeholders,ascontainedindocumentEB2019/128/R.
13.
EB2019/12810(b)Countrystrategicopportunitiesprogrammes(COSOPs)andcountrystrategyandprogrammeevaluations(CSPEs)(i)WestandCentralAfrica59.
ThedetailedcommentsontheCOSOPsforCentralAfricanRepublic,RepublicoftheCongo,GhanaandLiberiaarecontainedinannexI,A.
(ii)EastandSouthernAfrica(a)TheCOSOPforLesothowasreviewedattheconsultationandtheBoard'sdetailedcommentshavebeenincludedinannexI,A.
(b)KenyaCOSOP+CSPE.
60.
TheExecutiveBoardreviewedthe2020-2025COSOPfortheRepublicofKenya.
61.
TheBoardexpressedappreciationforIFAD'seffortstopromotethekeymainstreamingthemesandthecollaborationeffortsamongtheRBAs,UnitedNationsagenciesandkeystakeholdersintheagriculturalsector.
62.
TheBoardcommendedIFAD'seffortstotargetthepoorestofthepoor,includingthroughinnovativeclimatechangemanagement.
(c)Project/programmeproposalsforconsiderationbytheExecutiveBoard(i)AsiaandthePacific(a)Afghanistan:ArghandabIntegratedWaterResourcesDevelopmentProject63.
TheExecutiveBoardconsideredtheproposedDSFgranttotheIslamicRepublicofAfghanistanfortheArghandabIntegratedWaterResourcesDevelopmentProjectascontainedindocumentEB2019/128/R.
20,togetherwithitsnegotiatedfinancingagreement,andapprovedtheproposedfinancingintermsofthefollowingresolution:Outcome:TheBoardtooknoteoftheoralreportpresentedbyManagementontheoutcomeoftheBoardconsultationonCOSOPsheldon15November2019.
ThecontentofthereporthadbeensharedwiththeBoardmemberswhoattendedtheconsultationfortheirfeedback.
AsummaryoftheoralreportontheconsultationisincludedhereinasannexI,A.
TheBoardreviewedtheCOSOPandcountrystrategyandprogrammeevaluation(CSPE)forKenya,whichhadnotbeenconsideredattheconsultation.
Outcome:TheExecutiveBoardtooknoteoftheoralreportpresentedbyManagementontheoutcomeoftheBoardconsultationontheproject/programmeproposalsheldon28November2019.
ThereporthadalreadybeensharedwiththeBoardmemberswhohadattendedtheconsultation.
TheExecutiveBoardreviewedthreeadditionalproposalsthatwerenotdiscussedattheconsultation,namelythoseforBosniaHerzegovina,UzbekistanandBrazil.
ThesummaryoftheconsultationisincludedasannexI,B.
TheExecutiveBoardapproved14projectandprogrammeproposals.
AsummaryoftheproposalsandtheBoard'sdiscussionswaspostedasdocumentEB2019/128/R.
57/Rev.
1.
EB2019/12811RESOLVED:thattheFundshallprovideaDebtSustainabilityFrameworkgranttotheIslamicRepublicofAfghanistaninanamountoffortymillionUnitedStatesdollars(US$40,000,000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
(b)Indonesia:DevelopmentofIntegratedFarmingSystemsinUplandAreas64.
TheExecutiveBoardconsideredtheproposedloantotheRepublicofIndonesiafortheDevelopmentofIntegratedFarmingSystemsinUplandAreasProjectascontainedindocumentEB2019/128/R.
22revisedasperitsaddendum,togetherwithitsnegotiatedfinancingagreement,andapprovedtheproposedfinancingintermsofthefollowingresolution:RESOLVED:thattheFundshallprovidealoanonordinarytermstotheRepublicofIndonesiainanamountofforty-fourmillioneighthundredfiftythousandeuros(44,850,000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
(c)SriLanka:SmallholderAgribusinessandResilienceProject65.
TheExecutiveBoardconsideredtheproposedloanandgranttotheDemocraticSocialistRepublicofSriLankafortheSmallholderAgribusinessandResilienceProject,ascontainedindocumentEB2019/128/R.
24revisedasperitsaddendum,togetherwithitsnegotiatedfinancingagreement,andapprovedtheproposedfinancingintermsofthefollowingresolution:RESOLVED:thattheFundshallprovidealoanonordinarytermstotheDemocraticSocialistRepublicofSriLankainanamountofforty-onemillionsevenhundredthousandUnitedStatesdollars(US$41,700,000),anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
RESOLVEDFURTHER:thattheFundshallprovideagranttotheDemocraticSocialistRepublicofSriLankainanamountofonemillionUnitedStatesdollars(US$1,000,000),anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
(ii)EastandSouthernAfrica(a)Malawi:TransformingAgriculturethroughDiversificationandEntrepreneurshipProgramme66.
TheExecutiveBoardconsideredtheproposedloanandDSFgranttotheRepublicofMalawifortheTransformingAgriculturethroughDiversificationandEntrepreneurshipProgrammeascontainedindocumentEB2019/128/R.
25revisedasperitsaddenda,togetherwithitsnegotiatedfinancingagreement,andapprovedtheproposedfinancingintermsofthefollowingresolution:RESOLVED:thattheFundshallprovidealoanonhighlyconcessionaltermstotheRepublicofMalawiinanamountofthirty-sevenmillionfiftythousandspecialdrawingrights(SDR37,050,000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
RESOLVEDFURTHER:thattheFundshallprovideaDebtSustainabilityFrameworkgranttotheRepublicofMalawiinanamountofthirteenmillionsevenhundredthousandspecialdrawingrights(SDR13,700,000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
(b)Mozambique:InclusiveAgrifoodValueChainDevelopmentProgrammeEB2019/1281267.
TheExecutiveBoardconsideredtheproposedloanandDSFgranttotheRepublicofMozambiquefortheInclusiveAgrifoodValueChainDevelopmentProgrammeascontainedindocumentEB2019/128/R.
26revisedasperitsaddendum,togetherwithitsnegotiatedfinancingagreement,andapprovedtheproposedfinancingintermsofthefollowingresolution:RESOLVED:thattheFundshallprovidealoanonhighlyconcessionaltermstotheRepublicofMozambiqueinanamountofeightmillionfourhundredthousandUnitedStatesdollars(US$8,400,000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
RESOLVEDFURTHER:thattheFundshallprovideaDebtSustainabilityFrameworkgranttotheRepublicofMozambiqueinanamountequivalenttothirty-threemillionsixhundredthousandUnitedStatesdollars(US$33,600,000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
(c)Uganda:NationalOilseedsProject68.
TheExecutiveBoardconsideredtheproposedloantotheRepublicofUgandafortheNationalOilseedsProjectascontainedindocumentEB2019/128/R.
27andapprovedtheproposedfinancingintermsoftheresolutionbelow,subjecttothecompletionofthenegotiationofthefinancingagreementwithin31December2019.
AcopyofthenegotiatedfinancingagreementwouldbetabledattheApril2020Boardsession,andifnecessary,wouldbeaccompaniedbyanysubstantivechangestothetermspresentedtothecurrentBoardsession.
RESOLVED:thattheFundshallprovidealoanonhighlyconcessionaltermstotheRepublicofUgandainanamountofninety-ninemillionsixhundredthousandUnitedStatesdollars(US$99,600,000)equivalenttoaboutseventy-twomillionthreehundredthousandspecialdrawingrights(SDR72,300,000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
(iii)NearEast,NorthAfricaandEurope(a)BosniaandHerzegovina:President'smemorandum:RuralEnterprisesandAgriculturalDevelopmentProject–Extensionofthetimelimitforsignatureofthefinancingagreement69.
TheExecutiveBoardapprovedanextensionof12months–to13April2021–ofthedeadlineforsigningthefinancingagreementfortheRuralEnterprisesandAgriculturalDevelopmentProjectinBosniaHerzegovinabasedontheinformationandrationaleprovidedindocumentEB2019/128/R.
28.
(b)Egypt:SustainableTransformationforAgriculturalResilienceinUpperEgypt70.
TheExecutiveBoardconsideredtheproposedloanandgranttotheArabRepublicofEgyptfortheSustainableTransformationforAgriculturalResilienceinUpperEgyptascontainedindocumentEB2019/128/R.
29revisedasperitsaddendum,togetherwithitsnegotiatedfinancingagreement,andapprovedtheproposedfinancingintermsofthefollowingresolution:RESOLVED:thattheFundshallprovidealoanonordinarytermstotheArabRepublicofEgyptinanamountoffifty-sevenmillionfourhundredandfortythousandeuros(EUR57440000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
RESOLVEDFURTHER:thattheFundshallprovideagranttotheArabRepublicofEgyptinanamountofonemilliononehundredeightythousandeuros(1180000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
EB2019/12813(c)Uzbekistan:President'smemorandum:AgricultureDiversificationandModernizationProject–additionalfinancing71.
TheExecutiveBoardconsideredtheproposedadditionalfinancingtotheRepublicofUzbekistanfortheAgricultureDiversificationandModernizationProjectascontainedindocumentEB2019/128/R.
30,togetherwithitsnegotiatedfinancingagreement,andapprovedtheproposedadditionalfinancingintermsofthefollowingresolution:RESOLVED:thattheFundshallprovidealoanonblendtermstotheRepublicofUzbekistaninanamountofforty-sixmilliontwohundredthousandUnitedStatesdollars(US$46,200,000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
RESOLVEDFURTHER:thattheFundshallprovideagranttotheRepublicofUzbekistaninanamountofeighthundredthousandUnitedStatesdollars(US$800,000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
(iv)WestandCentralAfrica(a)Cameroon:CommodityValueChainDevelopmentSupportProject–PhaseII72.
TheExecutiveBoardconsideredtheproposedloantotheRepublicofCameroonfortheCommodityValueChainDevelopmentSupportProject–PhaseIIascontainedindocumentEB2019/128/R.
31revisedasperitsaddendum,togetherwithitsnegotiatedfinancingagreement,andapprovedtheproposedfinancingintermsofthefollowingresolution:RESOLVED:thattheFundshallmakealoanonhighlyconcessionaltermstotheRepublicofCamerooninanamountequivalenttotwenty-twomillioneighthundredfiftythousandspecialdrawingrights(SDR22,850,000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
RESOLVEDFURTHER:thattheFundshallprovidealoanonblendtermstotheRepublicofCamerooninanamountequivalenttoelevenmilliontwohundredfifty-fivethousandspecialdrawingrights(SDR11,255,000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
(b)DemocraticRepublicoftheCongo:InclusiveandResilientRuralDevelopmentSupportProgramme73.
TheExecutiveBoardconsideredtheproposedloanandDSFgranttotheDemocraticRepublicoftheCongofortheInclusiveandResilientRuralDevelopmentProgrammeascontainedindocumentEB2019/128/R.
32,togetherwithitsnegotiatedfinancingagreement,andapprovedtheproposedfinancingintermsofthefollowingresolution:RESOLVED:thattheFundshallprovidealoanonhighlyconcessionaltermstotheDemocraticRepublicoftheCongoinanamountoftwenty-sixmillionsixhundredandfortythousandUnitedStatesdollars(US$26,640,000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
RESOLVEDFURTHER:thattheFundshallprovideagrantundertheDebtSustainabilityFrameworktotheDemocraticRepublicoftheCongoinanamountofninemillioneighthundredandsixtythousandUnitedStatesdollars(US$9,860,000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
EB2019/12814(c)Gambia(The):ResilientOrganizationsforTransformativeSmallholderAgricultureProject74.
TheExecutiveBoardconsideredtheproposedloanandDSFgranttotheRepublicofTheGambiafortheResilientOrganizationsforTransformativeSmallholderAgricultureProjectascontainedindocumentEB2019/128/R.
33,togetherwithitsnegotiatedfinancingagreement,andapprovedtheproposedfinancingintermsoftheresolutionbelow.
Furthermore,theExecutiveBoardnotedtheoppositionoftheUnitedStatesontheproposalinlightofitspoliciesforcertaindevelopmentprojectsincountrieswhosegovernmentsarenotaddressingtraffickinginpersons.
RESOLVED:thattheFundshallprovidealoanonhighlyconcessionaltermstotheRepublicofTheGambiainanamountoffourmilliontwohundredandfifty-fivethousandUnitedStatesdollars(US$4,255,000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
RESOLVEDFURTHER:thattheFundshallprovideaDebtSustainabilityFrameworkgranttotheRepublicofTheGambiainanamountofseventeenmilliontwentythousandUnitedStatesdollars(US$17,020,000)anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
(d)Guinea-Bissau:AgriculturalDiversification,IntegratedMarkets,NutritionandClimateResilienceProject75.
TheExecutiveBoardconsideredtheproposedloanandDSFgranttotheRepublicofGuinea-BissaufortheAgriculturalDiversification,IntegratedMarkets,NutritionandClimateResilienceProjectascontainedindocumentEB2019/128/R.
34revisedasperitsaddendum,togetherwithitsnegotiatedfinancingagreement,andapprovedtheproposedfinancingintermsofthefollowingresolution:RESOLVED:thattheFundshallprovidealoanonhighlyconcessionaltermstotheRepublicofGuinea-BissauintheamountofelevenmillioneighthundredthousandUnitedStatesdollars(US$11,800,000),anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
RESOLVEDFURTHER:thattheFundshallprovideagrantundertheDebtSustainabilityFrameworktermstotheRepublicofGuinea-BissauinanamountoffourmillionthreehundredseventythousandUnitedStatesdollars(US$4,370,000),anduponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
(e)Nigeria:President'smemorandum:ValueChainDevelopmentProgramme76.
TheExecutiveBoardconsideredtheproposedadditionalfinancingtotheFederalRepublicofNigeriafortheValueChainDevelopmentProgrammeascontainedindocumentEB2019/128/R.
35,andapprovedtheproposedadditionalfinancingintermsofthefollowingresolution:RESOLVED:thattheFundshallprovidealoanunderblendtermstotheFederalRepublicofNigeriainanamountoffiftymillionUnitedStatesdollars(US$50,000,000),uponsuchtermsandconditionsasshallbesubstantiallyinaccordancewiththetermsandconditionspresentedherein.
TheExecutiveBoardalsoapprovedthattheprogramme'sagreementwouldbeamendedto:(i)includetheadditionalresources;and(ii)extendthecompletionandloanclosingdatesbytwoyears.
Nonewexpenditurecategorywouldbecreated.
EB2019/12815Agendaitem8–Financialmatters(a)ReportoftheChairpersononthe155thmeetingoftheAuditCommittee.
77.
AsrequestedbyConvenorsandFriends,theChairpersonprovidedtheresultsoftheAuditCommittee'sdeliberationsoneachofthefinancialitemsastheywereconsidered,ratherthandeliveringhisreportasastand-aloneitem.
(b)Resourcesavailableforcommitment(EB2019/128/R.
37)78.
Respondingtoquestions,Managementclarifiedthatliquidityrequirementshadbeenpreviouslyusedtodeterminetwoaspects,namelythePoLGfortheshorttermandforthenext50years.
ThetransitionproposedwouldinsteadentailusingtheCapitalAdequacyPolicytodeterminethelong-termexpectations,whereastheliquiditypolicywouldbeusedmoreforshort-termpurposestomakethemostefficientusageofliquidity.
Managementwasestablishingaworkinggrouptofocusonshort-termliquidity.
79.
InresponsetoacommentonthegapbetweenthetargetandthepledgesforIFAD11,Managementexplainedthatwaysofincreasingthelevelofpledgeswerestillbeingexplored.
(c)AnnualreviewoftheConceptualFrameworkonFinancialReportingandAuditingofIFAD-financedProjects80.
TheExecutiveBoard,throughtheoralreportoftheAuditCommitteeChairperson,notedthattheConceptualFrameworkonFinancialReportingandAuditingofIFAD-financedProjects,asapprovedinDecember2017,hadbeeninplacefortwoyearsandthatitsaccompanyinghandbookhadbeenmademandatoryasof2019.
Whiletheprinciplescontainedintheframeworkweresubjecttoannualreviewtoensuretheiradequacyandapplicability,nosubstantialrevisionswerecurrentlyrequired.
(d)IFAD'sInvestmentPolicyStatement(EB2019/128/R.
38+Add.
1+Add.
2)81.
Thisitemwasconsideredtogetherwithitems8(l)and(m).
82.
TheChairpersonoftheAuditCommitteeconfirmedthattheAuditCommitteehadreviewedthedocumentatits155thsessionandhadrecommendeditssubmissiontotheExecutiveBoardforapproval.
83.
Inajointstatement,sub-ListC1expressedappreciationforthedocument,itsinclusionofenvironmental,socialandgovernanceprinciples,andthecommitmenttoadheretotheTenPrinciplesoftheUnitedNationsGlobalCompact.
84.
Membersrequestedclarificationontheneedforinvestmentmanagerstoprovidehistoricalquarterlyperformancedata.
ManagementexplainedthatthiswasanOutcome:TheExecutiveBoardtooknoteofIFAD'currentandestimatedfuturenetcashpositionoftheFundgeneratedbyprojectingcashoutflowsagainstcurrentandprojectedfuturecashinflowsascontainedindocumentEB2019/128/R.
37,andonthisbasis,authorizedthePresidenttoconcludeagreementsforloansandgrantstobeapprovedbytheBoardin2020uptoUS$1,062million.
Outcome:TheExecutiveBoardapprovedIFAD'sInvestmentPolicyStatement,ascontainedindocumentEB2019/128/R.
38andamendmentsinEB2019/128/R.
38/Add.
2andtooknoteofinformationcontainedinEB2019/128/R.
38/Add.
1ontheControlFrameworkforIFADInvestment.
EB2019/12816internationallyrecognizedrequirementundertheGlobalInvestmentPerformanceStandards.
85.
InapprovingtheInvestmentPolicyStatement,membersaskedManagementtoprovidethebenchmarksagainstwhichoverallportfolioandbenchmarkperformancewouldbemeasured,inlinewiththecommitmentinsectionB,toreportsemi-annuallytotheExecutiveBoard.
Managementconfirmedthattargetsandlimitswouldbedeveloped.
(e)WorkplanforIFAD'sOfficeofAuditandOversightin2020(EB2019/128/R.
39)(f)RevisionofIFAD'sProjectProcurementGuidelines(EB2019/128/R.
40)86.
TheBoardnotedthattheAuditCommitteehadreviewedtheprojectprocurementguidelinesandtheiralignmentwithbestpracticesasincludedintheEnterpriseRiskManagementPolicy,andinlinewithIFAD11commitmenttoimplementthedisbursementactionplan.
87.
TheBoardwelcomedtheinclusionoftherequirementoffullcompliancebyborrowers,recipients,providersandsupplierswithIFAD'spolicyonpreventingfraudandcorruption,thepolicytopreventandrespondtosexualharassment,sexualexploitationandabuse,andtheSECAP.
88.
TheBoardappreciatedtheprinciplesupheldbytheguidelinesandIFAD'seffortstoutilizenationalprocurementsystems,ensurethealignmentoftheguidelineswithinternationalprocurementpractices,andsupportstrengtheningofnationalprocurementsystems.
ManagementreiteratedIFAD'scommitmenttotheParisDeclarationonDevelopmentEffectivenessandtotheAccraAgendaforAction;thereforetheGeneralConditionsforAgriculturalDevelopmentFinancingandprojectprocurementguidelinessupportedthepracticeofIFADworkingthroughnationalsystems.
89.
NotingthattheannualreportonactivitiesoftheOfficeofAuditandOversightportrayedongoingweaknessesintheimplementationofprojectprocurement,theBoardhopedthattherevisedprojectprocurementguidelineswouldhelptoaddressthisissue.
90.
TheBoardaskedtobeupdatedoneffortstoimproveprocurementpracticesandaddresscorruptionthrough,forexample,on-siteauditmissions,aswellasonanychangestotheguidelinesandthehandbook.
91.
ManagementnotedthatimprovingprocurementandstrengtheningSECAPwerekeypriorities.
Assuch,aprocurementoversightandtrainingcertificationprogrammehadbeenlaunched,regionalprocurementactionsplanshadbeendeveloped,procurementreformswereunderway,andtheIFADprojectprocurementframeworkwasbeingrevamped.
Outcome:TheExecutiveBoardconsideredandconfirmedtheWorkplanforIFAD'sOfficeofAuditandOversightfor2020,ascontainedindocumentEB2019/128/R.
39andrevisedasperitsaddendum.
TheExecutiveBoardwelcomedthespecialfocusontheareasofriskmanagementandworkforcemanagementin2020.
Outcome:TheExecutiveBoardapprovedtherevisiontotheprojectprocurementguidelines.
EB2019/1281792.
Regardingprocurementofgoodsandworks,ListCwishedtoknowwhetherIFADcouldimplementareasonablemarginfordomesticpreferences,giventhelimitedvarietyofprocurementsourcesinlow-incomecountries.
ListCalsostressedtheneedtoreviewthedomesticlegalstatusofintermediaryorganizationsincaseswherecivilsocietyorganizationswouldserveasintermediaries.
93.
Respondingtoaquestionaboutthetoolsthatwouldbeusedtoensureriskmanagementinprojectprocurementactivities,theBoardnotedthatManagementhadintroducedarisk-basedapproachinmanagingprocurementoperations,andhadmovedtocustomizedandfit-for-purposeriskassessmentattheprojectandcountrylevels.
94.
Managementwouldensurecomplianceonanongoingbasisthroughregularsupervisionmissions.
95.
Managementclarifiedthattherevisedguidelineswouldapplytonewprojects,andnotretroactivelytoongoingprojects.
(g)Anti-MoneyLaunderingandCounteringtheFinancingofTerrorismPolicy(EB2019/128/R.
41)96.
Management'sresponsestoquestionsonthisitemaresummarizedbelow.
97.
Managementexplainedthatitwasintheprocessofimplementingacomprehensivesystemsolutionsoastobeabletoscreenentitiesagainstsanctionslists,aspertheprocedures,andtocarryoutassessmentsregardingmoneylaunderingandterrorismfinancing.
Thesystemwouldbeusedbyexpertsatheadquarters.
Bothfieldandheadquarters-basedstaffshouldbeabletousethesystemforpre-screeningandconsultwiththeexpertgroupatheadquartersasneeded.
98.
Thepolicywouldberevisedbasedonthefinaldecisionsonenterpriseriskmanagementandstructuretoensurealignment.
Thesematterswouldbediscussedbytherelevantriskcommittees.
99.
SomememberscommentedthatthepolicyshouldalsobeapplicabletoIFADstaff.
ManagementexplainedthattherewerealreadymechanismsinplaceundertheHumanResourcespoliciesandintheframeworkoftheCodeofConducttocovertheserisks.
100.
ManagementinformedtheBoardthattrainingonthepolicywouldbeprovidedthroughtheOperationsAcademy.
ManagementhadengagedanexpertthroughtheCharteredInstituteofPublicFinanceandAccountancyfromtheInternationalRiskManagementInstituteandwouldalsodrawonIFIexpertise.
Managementplannedtotrainover100staffmembersduringthefirstsixmonthsof2020.
Outcome:TheExecutiveBoardexpresseditsstrongsupportfortheAnti-MoneyLaunderingandCounteringtheFinancingofTerrorismPolicy,andapprovedthepolicyaspresentedindocumentEB2019/128/R.
41whichwouldberevisedtoincorporatetheamendmentssetforthinitsaddendum.
ManagementwillprovideanupdatetotheAuditCommitteeandtotheBoardoncetheimplementationproceduresforthepolicyaredevelopedbytheinternalworkinggroup.
Managementwillensurethatthepolicyandproceduresaresharedwiththeexternalauditorfortheirreviewandthatthefindingsareincludedinthenextupdate.
TheGeneralConditionsforAgriculturalDevelopmentFinancingwillbereviewedinlightofthepolicy,andtemplates,particularlyforfutureprojectswiththeprivatesector,willbedevelopedtoreflectthepolicy.
EB2019/12818101.
Inresponsetoaconcernraisedbyamemberonthewaystoascertainifanentitywasfinancingterrorism,ManagementexplainedthatIFADwouldhaveasystemsolutionthatsubscribestointernationalbestpracticedatabasesthattrackterrorismfinancingrisks–includingbeneficialownershipaspects–andwouldalsoexchangeinformationwithotherIFIs.
Onthisbasis,IFADwouldmakethebestdecisionspossible,andincaseofdoubt,wouldnotproceedwithpayment.
102.
Managementwasplanningtodevelopaquarterlycontroller'sscorecardasamechanismforinternalmonitoring.
Thisscorecardwouldbesharedwiththerelevantriskcommittee.
(h)SovereignborrowingframeworkloanfromCanada(EB2019/128/R.
42)103.
TheBoardwelcomedtheloanfromCanada,asreviewedbytheAuditCommittee,andnotedthatthefundswouldbeusedforconcessionalloanstoMemberStatestosupportclimate-focusedactivitiesandgendertransformativeprojectstoenhancetheachievementofIFAD'smissionanddevelopmentobjectivesassetforthinarticle2oftheAgreementEstablishingIFAD.
104.
RepresentativesthankedCanadaforprovidingtheloaninsupportofIFAD'sPoLGandforrenegotiatingthetermsandimprovingthemconsiderablyforthebenefitofborrowers.
ThisdemonstratedtheimportanceofIFADhavingasetofdiverseborrowingframeworksandoptions.
(i)CapitalAdequacyPolicy(EB2019/128/R.
43)105.
TheExecutiveBoardnotedtheneedforIFADtoestablishaCapitalAdequacyPolicyashighlightedbyrecentindependentreportsonfinancialmanagementandinviewofIFAD'stransitionfromaliquiditymanagementapproachtoacapitalandliquiditymanagementapproach.
106.
ThePolicywasreviewedbytheBoardinSeptemberandbytheAuditCommitteeinNovember.
Commentsreceivedduringthosemeetingswereaddressedinthecurrentversionofthedocument.
107.
RepresentativeswelcomedthePolicyandnotedthatitwasapreconditionforacreditratingandforIFAD'slong-termfinancialsustainability.
ItalsoalignedIFADwithotherIFIs.
Representativesvoicedappreciationfortheapplicationofindustrybestpracticesinthedraftingofthedocument.
108.
Clarificationswhererequestedonstresstests,onthetimelineandontheleveragelimits.
109.
Onstresstests,ManagementclarifiedthattheBoardwouldbeinformedoftheoutcomesofstresstests,addingthatitwouldalsobeveryusefultohaveanOutcome:TheBoardapprovedtheproposalthatIFADManagemententerintoanon-legallybindingloanarrangement,subjecttoParliamentappropriation,withtheDepartmentofForeignAffairs,TradeandDevelopmentofCanadaforaloanofuptoCAD150million,denominatedinUnitedStatesdollars,thatisfinanciallysustainableandadherestotheparameterssetoutintheSovereignBorrowingFramework,asdetailedindocumentEB2019/128/R.
42andinitscorrigendum.
Outcome:TheExecutiveBoardapprovedtheCapitalAdequacyPolicyascontainedindocumentEB2019/128/R.
43.
Managementwillassessandmonitorthedifferentmetricsandlimitsincludedinthepolicyoveranobservationperiodof6to12monthsandreportbacktotheBoardaccordingly.
EB2019/12819independentassessmentbytheAuditCommitteeadviserandpossiblyamodelvalidationbytheWorldBank.
110.
Onthetimeline,itwasenvisagedthatbythefirstIFAD12ConsultationsessionManagementwouldbeabletosharesomefiguresonthedifferentscenariosandthelevelofcapitalconsumptionforeseen.
AfulldiscussiononcapitalwouldtakeplaceattheBoardsessioninApril2020.
Oncethenumbersweresettled,reportingwouldcontinuethroughout2020and2021untilthebeginningofIFAD12in2022,bywhichtimethecapitalwouldbegintobeconsumed.
111.
Onleveragelimits,ManagementclarifiedthattheCapitalAdequacyPolicycoulddriveIFAD'sleverageratiobecauseitwouldindicatethefundsthatcouldbeincludedonthebalancesheetthatdidnotcomefromreplenishmentcontributions.
Thecurrent50percentwasbasedonIFAD'scurrentcapitalandprojections;however,asanexample,theInternationalDevelopmentAssociationwasplanningtoachieveleveragingof70to75percent.
(j)DebtSustainabilityFrameworkReform(EB2019/128/R.
44)112.
RepresentativeswelcomedtheDSFreform,notingitshighrelevanceforIFAD'sfuturedevelopmentandthesustainabilityofitsbusinessmodel.
AsnotedbytheAuditCommitteeChair,thereformaimedtomaximizetheuseofofficialdevelopmentassistancewhileadheringtotheinternationalarchitectureinsupportofdebtdistressmanagement.
ItalsocreatedamorepredictablelinkbetweenMemberStates'supporttopoorerindebtedcountriesandIFAD'sabilitytoprovidefinancingtothosecountries.
113.
ListA,inajointstatement,thankedManagementfortheconsultativeapproachithadtakeninaddressingtheDSFissueandrecognizedtherisksfacingIFADshoulditnotbecompensatedfortheloanreflowsforgone.
ListAexpressedsupportforthereformprinciplesandaction,includingthecreationofasuperhighlyconcessionalloan.
However,itnotedthatthereplenishmentbaselineshouldnotprejudgethescopeoffuturereplenishmentcontributions.
FortheupcomingIFAD12Consultation,ListArequestedthatasetofscenariosbepresentedwithpossiblefinancingoptionstosupporthighlyindebtedcountrieswithgrantsandshowthecorrespondingsizeofthePoLG.
114.
Sub-ListC1,inajointstatement,thankedManagementfortheeffortsdevotedtoreformingtheDSFandwelcomedthereform.
Sub-ListC1appreciatedthewell-balancedandwell-formulatedproposal,inparticulartheideaofofferingasuperhighlyconcessionalloantoyellowcountriesthatwouldnolongerbeeligibleforgrantsunderthereform.
115.
Representativeshadqueriesontheallocationofgrantresources,theimpactofthereformontheallocationsystemandtheproposednewinstruments.
Managementclarifiedthatonceoperationalcostswerededucted,fundingcouldgothreeways:DSFgrantfinancing,regulargrantfinancingandfinancingofnewloans.
ManagementconfirmedthattheallocationsystemandotherrefinementsshouldbefurtherdiscussedaspartoftheIFAD12Consultation.
WorkwasunderwaytorevampIFAD'sPolicyforGrantFinancingtoensureafocusonstrategicareasforinvestmentofregulargrantprogrammeresources.
ManagementnotedthatIFADOutcome:TheExecutiveBoardconsideredandapprovedtheDSFreformascontainedindocumentEB2019/128/R.
44.
TheExecutiveBoardalsoapprovedthetransmittalofthedraftresolutioncontainedinannexIVofthedocumenttotheGoverningCouncil,includingtherecommendationthattheGoverningCounciladoptthedraftresolutionatitsforty-thirdsession.
EB2019/12820wouldcontinuetofollowtheWorldBankandIMFasregardscountryclassification.
ClarificationswerealsoprovidedwithrespecttotheMultilateralDebtReliefInitiativeandconcessionality.
116.
Overall,representativesunderscoredthesoundnessoftheprinciplescontainedinthereformandlookedforwardtodiscussingscenariosduringtheIFAD12Consultation.
(k)ProposalforaCreditRatingforIFAD(EB2019/128/R.
45)117.
InwelcomingtheproposalforinitiatingaformalcreditratingprocesstoallowIFADtodiversifyitsfundingsources,representativesrequestedmoredetailsonthetimelineandonconfidentiality.
RepresentativesalsourgedManagementnottorushwiththeimplementationofpolicieslinkedtothecreditratingprocessorwiththecreditratingexerciseitself.
118.
ManagementclarifiedthatpreliminaryinformaldiscussionswiththeratingagencieshadalreadybegunandthatwiththeapprovaloftheBoard,theformalprocesswouldbeginandwouldbecarriedoutin2020.
Ontheissueofconfidentiality,ManagementexplainedthatcontinuouscommunicationbetweentheExecutiveBoardandManagementwouldbeoftheutmostimportance.
Managementstressedthatconfidentialitywasacriticalelement,typicalofthisprocess,toprotectbothIFADandanyagenciesinvolved,suchthatsensitiveinformationontheprocesswouldonlybesharedonaneed-to-knowbasisandsubjecttoconfidentialityobligationswhereappropriate.
(l)IFADAssetandLiabilityManagementFramework(EB2019/128/R.
46)119.
Thisitemwasconsideredtogetherwithitems8(d)and(m).
120.
TheChairoftheAuditCommittee(Italy)confirmedthattheCommitteehadreviewedthedocumentatits155thmeeting.
121.
ArepresentativeaskedManagementaboutIFAD'sabilitytomatchinterestratesofassetsandliabilities.
TheBoardalsowishedtoknowmoreaboutIFAD'sassumptionsinthedevelopmentofmid-andlong-terminterestratesandpossibleimplicationsforborrowing.
122.
Inresponse,ManagementexplainedthatIFADwouldbemorepreciseinmanagingassetstoavoidlossofequityduetomismatch.
IFADwouldmonitorpotentialmismatchesarisingfromborrowingandwouldsetlimitsandtargetsintermsofborrowing.
Outcome:TheExecutiveBoardapprovedtheinitiationofaformalratingevaluationaimedatobtainingacreditratingforIFAD,ascontainedindocumentEB2019/128/R.
45.
Oncesuchratingisdetermined,theBoard,jointlywithManagement,willhavetheabilitytochoosewhethertomakethiscreditratingpubliclyavailable.
Managementwillprovideregularfeedbackandupdatesontheprocessandwilladviseontheresultoftheformalevaluation,whichmaybeavailablein2020.
Thiswillbedone,bearinginmindtheneedtoensurethecompleteconfidentialityoftheprocess.
Futuremeetingsonthismatter,eitherinformalorformal,willbeheldinclosedsession.
Outcome:TheExecutiveBoardreviewedtheIFADAssetLiabilityManagementFrameworkascontainedindocumentEB2019/128/R.
46.
EB2019/12821(m)ApproachtoIFAD'sNewLiquidityPolicy:PrinciplesandGuidelines(EB2019/128/R.
47)123.
Thisitemwasconsideredtogetherwithitems8(d)and(l).
124.
TheChairpersonoftheAuditCommitteeconfirmedthattheCommitteehadreviewedthedocumentatits155thmeeting125.
MemberswelcomedthePolicy,whichwasaimedataligningIFADwiththebestpracticesofotherIFIsbyshorteningthetimehorizonoverwhichliquidityismeasuredandbasingliquidityneedsonnetcashflows.
ItwasnotedthatthePolicywouldenableIFADtomeetitsobligationswithouthavingtorequestsupplementaryencashment,eveninconditionsofstress.
126.
Inajointstatement,sub-ListC1endorsedtheimportanceofdevelopingcontingencyplans.
Inthisregard,sub-ListC1askedManagementtofurtherevaluatethelimitsformanagingliquidity,whichcurrentlyincludeda(i)positivecashflowlimitfortheveryshortterm(30-60days);(ii)prudentialminimumliquiditylevelat15-24months;and(iii)targetliquiditylimitat24-36months.
127.
Respondingtoaquestionabouttiming,ManagementinformedtheBoardthatthenewCapitalAdequacyPolicy,alsoontheagendaforapprovalatthissession,envisagedaperiodformonitoringandreportingin2020.
Thiswouldallowtimeforfurtherquestionsandadjustmentsifnecessary.
128.
ManagementinformedtheBoardthatIFADhadbeguntoconductsimulationexercisesandmakeprojectionsinviewoftheforthcomingIFAD12Consultation.
SimulationsandprojectionswerebasedontheassumptionthattheCapitalAdequacyPolicywouldbeapprovedbytheBoard.
Agendaitem9–Governance(a)ProposeddatesforthesessionsoftheExecutiveBoardtobeheldin2021(EB2019/128/R.
48)(b)EstablishmentoftheConsultationontheTwelfthReplenishmentofIFAD'sResources(EB2019/128/R.
49)129.
TheExecutiveBoardreviewedtheresolutioncontainedintheannexofdocumentEB2019/128/R.
49,revisedasperitsaddendum,andapproveditssubmissiontogetherwiththedraftresolutiontotheforty-thirdsessionoftheGoverningCouncil.
Outcome:TheExecutiveBoardreviewedtheApproachtoIFAD'sNewLiquidityPolicy:PrinciplesandGuidelinesascontainedindocumentEB2019/128/R.
47.
Outcome:TheExecutiveBoardapprovedthedatesforitssessionsin2021asbelow:132ndSessionMonday,19toWednesday,21April2021*133rdSessionTuesday,14toThursday,16September2021134thSessionTuesday,14toThursday,16December2021*ThiswouldallowfortheseventhExecutiveBoardretreattobeheldfromtheafternoonofWednesday,21ApriltoFriday,23April.
EB2019/12822(c)EstablishmentoftheEmolumentsCommittee(EB2019/128/R.
50)130.
TheExecutiveBoardapprovedthesubmissiontotheGoverningCouncilatitsforty-thirdsessionofthedraftresolutioncontainedindocumentEB2019/128/R.
50tore-establishtheEmolumentsCommittee.
(d)UpdateonaproposalforanautomatedvotingsystematIFAD(EB2019/128/R.
56)131.
TheBoardnotedthatnoproposalshadbeensubmittedinresponsetotherequestforproposalslaunchedinJuly2019.
Accordingtofeedbackfromvendors,thiswasduetothecomplexrequirements–especiallythoserelatedtotheweightedvotingsystem,whichrequiredsplittingtheballotsinmanydenominationstoensurethesecrecyofthevote–andthelackofeconomiesofscaleasonlyafewmachineswouldberequired.
Evenafterarevisionofthetermsofreferenceandthelaunchofanewrequestforproposals,onlyonevendorhadsubmittedaproposal,andthisdidnotmeettheminimummandatoryrequirements.
132.
Toaddressthesechallenges,theBoardnotedManagement'sproposaltoinitiateaformalnegotiatedprocurementprocedure,whichwouldallowfordialogueabouttherequirementswithmultiplevendorssimultaneouslywhilerespectingthefundamentalprocurementprinciplesofcompetition,fairness,transparencyandintegrityoftheselectionprocess.
133.
TheBoardreiteratedtheneedtoensurethatanyalternativesolutiontothatpreviouslyforeseenprovidedthesameguaranteesofsecrecy,integrityandverifiabilityofresults.
134.
Whilesupportingthealternativeprocurementstrategyofanegotiatedprocessonthemarket,theBoardcautionedagainstspendingsignificantresourcesontheprocurementofthesystem.
Inthisregard,theBoardemphasizedthatthecost-benefitratioshouldbeakeydecidingfactorinwhethertouseanautomatedvotingsystem,giventhatthesystemwouldbeusedonlyonceeveryfouryears.
Managementnotedthatthenegotiatedprocedureprovidedmoreroomfornegotiatingcosts,hencetherewasnoriskincreasedcosts.
135.
Onemembernotedthattheautomatedsystemwouldsavetimeandhumanresourcesascomparedtothecurrenttraditionalvotingsystem,andthatthesesavingsmightbedifficulttoquantifyintermsofcost.
136.
Managementagreedthatthecost-benefitanalysiswouldbeakeyparameterinmakingthefinaldecision.
Managementreiteratedthatthemainprinciplesinfindingasolutionwouldremainsecrecy,integrityandverifiability.
Outcome:TheExecutiveBoardreviewedthedocumentcontainingtheupdateonproposalforanautomatedvotingsystemandendorsedthesubmissionoftheresolutioncontainedintheannextheretotheforty-thirdsessionoftheGoverningCouncilforitsadoption.
EB2019/12823Agendaitem10–ProgressReport(a)UpdateonIFAD'sApproachtoAddresstheUnitedNationsStrategytoPreventandRespondtoSexualHarassment,SexualExploitationandAbuse(EB2019/128/R.
51)137.
MembersexpressedappreciationforIFAD'scommitmenttoaddressingandpreventingsexualharassment(SH),sexualexploitationandabuse(SEA).
ListAcalleduponIFADtofollowWFP'sapproach,whichentailedamorecomprehensivereviewconductedbyanindependentexternalparty.
138.
ListArequestedIFAD,inadditiontoreportingatAuditCommitteemeetingsandExecutiveBoardsessions,toinformMemberStatesofanyknowncredibleallegationsofillegalpracticeand/orSEAandSHwhenitconsidersthatsuchallegationscouldhaveasignificantimpactonthepartnershipbetweenIFADanditsMemberStates.
139.
Managementprovidedsomeadditionalinformationontheplannedsurvey.
AsurveyhadbeenconductedinNovember2018,whichforthefirsttimeincludedquestionswithrespecttoSEAandSH.
Thesecondsurveywouldbeissuedinmid-Decemberandwouldincludethesamequestionsasthoseposedin2018–formonitoringpurposesandtoanalysetrends–aswellascertainquestionsthathadbeenincludedintheWFPsurveyonabuseofauthorityandallformsofharassmentanddiscrimination,includingSEAandSH.
ThissurveywouldbeextendedtoconsultantsandinternsaswellasIFADstaffandwouldbeconductedbyanindependentserviceprovider.
Theresultswouldfeedintothedevelopmentofthe2020-2021actionplanwithrespecttoSEAandSH,andtherewouldbeaspecialfocusonensuringasafeenvironmentthatprovidedthenecessarysupportandconfidentialityforvictimsandaffectedpersonstocomeforward.
140.
Managementreassuredmembersthattrainingprogrammesandrefreshercourseswereongoing.
TheSEAfocalpointprogrammewasprogressingwell.
Todate,20staffmembershadbeentrainedandinthecomingmonthsaspecificconfidentialplatformwouldbedeployedtoallowSEAfocalpointstoconnectwitheachotherandwiththeEthicsOfficetoexchangeknowledgeandbestpractices.
WorkwasalsoongoingtorolloutSEA/SH-relatedpresentationsatprojectstart-upworkshops.
141.
RespondingtoaquestiononSECAP,ManagementexplainedthatSECAPprocedureswereunderreview,howeverprojectswerenonethelessbeingscreenedduringdesigntoanalysethepotentialrisksinrelationtoSEAandSH,andprojectteamshadbeenadvisedofhigh-riskareas.
Newguidelineswouldintroducemitigatingactionstoaddresssuchrisks,includingconfidentialreportingchannels.
Outcome:TheBoardtooknoteoftheupdateonIFAD'sApproachtoAddresstheUnitedNationsStrategytoPreventandRespondtoSexualHarassment,SexualExploitationandAbuse,ascontainedindocumentEB2019/128/R.
51.
EB2019/12824(b)ReportontheoutcomeoftheExecutiveBoardconsultationProgressReportonRome-basedagenciescollaboration(EB2019/128/R.
52)142.
Inajointstatement,ListAwelcomedtheupdatesoncollaborationoncross-cuttingprioritiesincludingclimateandenvironmentsmartmanagement,andfurthereffortstowardsincreasingwomen'sempowermentandgenderequalityinlinewiththe2030Agenda.
ListAalsowelcomedthejointevaluationonRBAcollaborationplannedfor2020andlookedforwardtoajointagencyresponseontherecommendations.
143.
ListAaskedManagementtofollowtheworkofthebusinessinnovationgroupcloselyandimplementitsrecommendationswherepossible.
Inaddition,ListArequestedthatIFADsigntheMutualRecognitionofPoliciesandProceduresthathadalreadybeensignedbyFAOandWFP.
144.
ListAexpectedamoredetailedpaperontheimplementationofallaspectsoftheUnitedNationsdevelopmentsystemreform.
145.
WhileListArecognizedtheactiveroleoftheRBAsinpreparingfortheWorldFoodSystemSummitunderthedirectleadershipoftheUnitedNationsSecretary-General,theyemphasizedtheneedforMemberStatestobefullyinvolvedfromtheoutsetinthepreparatoryprocess.
146.
AmemberrequestedthatastatusreportbeincludedasanannextodescribethevariousactivitiescontainedintheRBAactionplanfor2019and2020.
147.
ManagementinformedtheBoardthatIFADhadbeenworkingtogetherwiththeotherRBAsontheSahelActionPlanandwouldprovideanupdateatalaterdate.
Agendaitem11–Otherbusiness(a)RenewaloftheHostingAgreementoftheSecretariatoftheInternationalLandCoalition(EB2019/128/R.
53)(b)Proposalonthevenueoftheforty-fourthsessionoftheGoverningCouncil148.
TherepresentativefortheStateofKuwaitinformedtheBoardthathisGovernmenthadgivenitsinitialapprovaltolookintothepossibilityofhostingtheforty-fourthsessionoftheGoverningCouncilinFebruary2021.
TherehadbeenadelayinissuingtheofficialcommunicationonthismatterduetotheresignationoftheOutcome:TheExecutiveBoardtooknoteofthesummaryoftheconsultationheldon15NovemberandoftheoutcomeofdeliberationsattheWFPExecutiveBoardinNovemberandtheFAOCouncilinDecember,summarizedintheaddendumtodocumentEB2019/128/R.
52.
ConsistentwiththespiritandletterofthedecisionstakenbytheFAOCouncilandWFPExecutiveBoard,theIFADExecutiveBoardagreedontherecommendationscontainedintheaddendum.
Outcome:TheExecutiveBoardapprovedthesigningoftheRenewaloftheHostingAgreementoftheSecretariatoftheInternationalLandCoalitionatIFAD,which,interalia,extendstheagreementuntil2030.
GiventheobjectionsraisedbysomemembersontheproposeddelegationofauthoritytothePresidenttoapprovefuturerenewalsoftheagreement,thesentencereferringtothedelegationofauthoritywillbedeletedfromtheapprovalboxindocumentEB2019/128/R.
53.
EB2019/12825GovernmentinNovember.
TheGovernmentofKuwaitwouldaskIFADManagementtocallforaspecialsessionoftheExecutiveBoardtodiscussthismatteroncetheofficialcommunicationwasissued.
TherepresentativeexplainedthattheStateofKuwaitwouldcoverthetravelandaccommodationcostsofIFADstaffandBoardmembers,aswellasthelogisticalandadministrativecosts.
149.
TherepresentativealsoinformedtheBoardthathisGovernmentwasconsideringhostingtheOctobersessionoftheIFAD12Consultation;however,theGovernmenthadyettotakeadecisiononthismatter.
150.
TherepresentativeforIndiaremindedtheBoardofhisGovernment'searlierproposaltohostthe2020sessionorafuturesessionoftheGoverningCouncil,andrequestedthattheBoardlookintothisproposalfirst.
TheChairpersonacknowledgedthattheBoardhadnotrejectedthisproposalbutrecalledtheconcernofensuringhigh-levelparticipationbyMemberStatesinthefirstsessionoftheIFAD12Consultation,whichwouldbeheldimmediatelyaftertheGoverningCouncilsessioninFebruary2020.
TheChairfurtherinformedtheBoardofhisconversationwiththeGovernorforIndia,explainingthatthepreferencewouldbetohostthesessioninNewDelhiafterthechairingbyIndiaoftheG20in2022.
(c)ParticipationofsilentobserversinthesessionsoftheExecutiveBoard151.
OnemembertookthefloorandsuggestedextendingtheparticipationofsilentobserversinExecutiveBoardsessionstoallowmoreinteractionamongMemberStates,inparticularduringthediscussionsonproject/programmeproposals.
TheExecutiveBoardagreedtodelegatethismattertotheConvenorsandFriends.
Closingofthesession152.
TheChairpersonthankedtheBoardforaveryproductiveyearin2019,andthemilestoneapprovaloftheDSFreformmechanismatthesession.
TheChairpersonbidfarewell,inabsentia,toAmbassadorMariaBoldoriniofArgentinawhohadservedasBoardrepresentativeforhercountry,andthankedherforhergreatcontributiontoIFAD.
TheChairpersonalsobidfarewelltoalong-servingmemberofstafffromtheOfficeoftheSecretary,MsAndreinaMauro,whowouldberetiringin2020.
HethankedherforhercontributiontoIFADinhervariousrolesovertheyears.
153.
TheChairperson'sclosingstatementwaspostedasEB2019/128/INF.
7.
.
AnnexIEB2019/12826A.
Summaryofverbalreportontheoutcomeoftheconsultationoncountrystrategicopportunitiesprogrammes(COSOPs)andrelatedcountrystrategyandprogrammeevaluationsCONSULTATIONONCOSOPs–15November2019–Ovalroom1.
AconsultationwasheldontheCOSOPsonthe15November2019.
Asforthetwoprevioussessionsin2019,theintentionwasthatitshouldenableIFADandBoardmemberstohavearicherandmoresubstantiveconversationthanispossibleatBoardmeetings,whilemakingitpossibleatthisExecutiveBoardmeetingtospendmoretimeonotherhigh-level,strategicissues.
2.
TheconsultationsessionreviewedfiveCOSOPs,allforcountriesinSub-SaharanAfrica:Lesotho,CentralAfricanRepublic,Liberia,GhanaandCongo.
Today,IampleasedtoreportbacktotheBoardontheproceedingsoftheCOSOPconsultation.
Thesummaryoftheconsultationwassharedwithallparticipantsfortheirinput.
AsImentionedduringthesession,IwasdisappointedthatwewereunabletodelivertheKenyaCOSOPintimeforittobediscussedattheconsultation;however,today,allBoardmemberswillhavetheopportunitytoreviewit.
3.
Theconsultationwaswellattended,withparticipationfrom12Boardmembers,and3non-Boardmembers.
WewereparticularlyhappytowelcomerepresentativesofthegovernmentsofLesotho,CentralAfricanRepublic(byvideoconference),LiberiaandCongo,andeachofthemwasinvitedtomaketheirreflectionsattheendofthediscussionontheCOSOPfortheircountry.
WealsoreceivedwrittencommentsontheCOSOPsfromtheUSdelegation,andtheseweresharedwiththerelevantcountryteams.
4.
IbelievethatmemberswhospokeweregenerallypositiveabouttheCOSOPs.
MemberswereappreciativeboththattheCOSOPsarefullyalignedwithnationalpoliciesandstrategies,andthattheprocessesfordesigningtheCOSOPshavebeenbasedonarealdialoguebetweenIFADandgovernments,andhavealsoengagedtheirotherdevelopmentpartners.
Havingsaidthat,throughthediscussionwerecognizedthatanumberoftheCOSOPs–Lesotho,CongoandGhanainparticular–thatcouldbefurtherimproved,andsowehavepreparedaddendatotheCOSOPstohighlighttherelevantissues.
5.
BeforegoingintotheindividualCOSOPs,I'dliketosharesixissuesthatcameupinthediscussioninanumberofdifferentcontexts.
Firsttargeting,andwesharedourcommonconcerntoensurethatIFADresourcesarefocusedonthepoorestsectionsoftheruralpopulation;onruralwomenandyouth,aswellasonpeoplewithdisabilities.
Second,theissueofriskcameupindifferentcontexts:political,fragility-andclimate-related,andimplementation;andweexplainedsomeofthestepswearelookingtomitigateandmanagerisk.
Third,thelackofcountrypresencewasrecognizedtobeaconstraintinanumberofcountries,whereIFADisrepresentedatsubregionalhublevel.
Fourth,theimportanceofpartnershipswashighlighted,withgovernmentsofcourse,andalsowithotherdevelopmentagencies,theprivatesector,theotherRome-basedagenciesandthelargerUNCountryTeam.
Fifth,monitoringandevaluationwashighlightedasaprioritywheremorewasneeded,andtheimportanceofbuildingthecapacityofnationalinstitutionstoimprovetheirmonitoringsystemswashighlighted.
Andfinally,wespokeaboutIFAD'snon-lendingactivities:particularlypolicyengagement,AnnexIEB2019/12827includingincorporationoftherecommendationsoftheCommitteeonWorldFoodSecurity(CFS),andsouth-southandtriangularcooperation.
WerecognizedthatbothofthesearekeyissuesforCOSOPs.
6.
Withoutgoingintodetails,letmebrieflysharesomeofthespecificpointsofdiscussionforeachCOSOP:7.
FortheLesothoCOSOP,membersappreciatedtheintegrationofenvironmentalandclimatechangeissues,thepromotionofamarket-orientedapproach,andthefocusonpartnerships.
ThecountryteamwasaskedtoexplainthetargetingstrategyrelativetothethreedifferentcategoriesofruralproducersinLesotho,andtomaintainafocusonthepooresthouseholds,whomakeupcloseto80percentoftheruralpopulation.
Furtherinformationonhowthemainstreamingagendawillbepromotedwasalsosought.
Changingbehaviourpatternsintheuseofnaturalresourceswasrecognizedtobecriticallyimportantforthesustainabilityofprojectinterventions,butalsosomethingrequiringlong-termsupport.
TheextenttowhichthereisapoliticalrisktoCOSOPimplementationwasalsoraised.
AnaddendumhasbeenpreparedtorespondtothesecommentsandtostrengthentheoverallCOSOP.
8.
FortheCentralAfricanRepublicCOSOP,thefocusonsimplicityofprojectdesign,theattentiongiventovulnerablegroupsandtheemphasisonpartnershipswereallappreciated.
Muchofthediscussionfocusedonriskmanagement,andthestepsIFADistakinginthisregard,includingregularsupervision,dedicatedhumanresources,additionalsupportonfiduciaryissues,andmeasurestoenhancecitizenengagement–whilealsorecognizingthedifficultsecuritycontextinthecountry.
InformationwasalsoprovidedonthespecificsofIFAD'sagendaforsouth-southandtriangularcooperation,andonIFAD'sapproachfortargetingruralwomenandyouthinthecountry.
9.
FortheLiberiaCOSOP,thepartnershipstrategyandtheintegrationofIFAD'sfourcross-cuttingthemeswerecommended.
Criticalissueshighlightedweretheimportanceoftakingsocialandenvironmentalconsiderationsintoaccountintheselectionofagriculturalvaluechains;theneedforstrongmonitoringandevaluation-andtostrengthennationalcapacityforM&E;transparencyandcompliancewiththeruleoflaw;andpolicydialogue–andherethevalueoftheCFS'srecommendationswasnoted.
QuarterlyresultsreviewstodiscussachievementsandissueswithGovernmentrepresentoneofthetoolsthatIFADisusingtoensureclosefollow-upofthecountryprogrammeandrespondtoanumberoftheseissues.
10.
FortheGhanaCOSOP,theclosealignmentwithGovernmentprioritieswasrecognized.
Therewasparticularinterestinthenon-lendingactivitiesproposed,andassurancewasgiventhattheywouldbelinkedtoIFAD'sinvestmentprogramme.
Keyactivitieswillincludethoseunderasouth-southandtriangularcooperationrubric,thecapacity-strengtheningsupportunderthegrant-financedDeliveryUnit,andIFAD'sleadershipoftheAgriculturalSectorWorkingGroup.
AnaddendumhasbeenpreparedtobetterexplainIFAD'sintentionsrelativetoagrochemicaluseundertheCOSOP'sStrategicobjective2("Strengthenproductivityininclusivevaluechain").
11.
FortheCongoCOSOP,thediscussionfocusedparticularlyonIFAD'srecentre-engagementinCongoafteralongperiodofsuspension.
Itwasexplainedthattheliftingofthesuspensionmeantthatmanyactivitieshadtorestartfromscratch;andthatarangeofmeasuresarebeingtakentoensurethattheconditionsthatledtosuspensiondonotre-emerge.
Theseincluderegularfollow-upofloanrepaymentstopreventarrears;real-timemonitoringoftheeligibilityofexpendituresincurred;ensuringtheavailabilityofcounterpartfunding;proactiveriskmanagementasapartofthesupervisionprocess;divisionalscorecards,updatedmonthly;andthirdpartymonitoring.
AdditionaldedicatedhumanAnnexIEB2019/12828resourcesatcountry-levelwillalsosupportCOSOPimplementation.
AnaddendumhasbeenpreparedtoprovidemoreinformationonthepolicyrecommendationsoftheCFSandIFAD'sengagementintheUNSDCFprocess.
12.
Withthis,IhopethatIhavecoveredeverything,andthatthoseofyouwhoparticipatedintheconsultationsessionfeelthatthisisafairsummaryofthediscussions.
Thankyou.
AnnexIEB2019/12829B.
SummaryofProjectandProgrammeproposalsdiscussedattheExecutiveBoardCONSULTATIONONPROJECT/PROGRAMMEPROPOSALS–28November2019–OvalroomIntroduction1.
AnExecutiveBoardconsultationonprojectandprogrammeproposalsscheduledforsubmissiontotheBoardatits128thsessionwasheldon28November2019.
ThedeliberationsofBoardrepresentativesinthisconsultationarereflectedintheminutesofthe128thsession.
Projectandprogrammeproposals2.
Thefollowingproposalswereapprovedatthe128thsessionoftheExecutiveBoardandareinlinewiththeDebtSustainabilityFramework.
Commentsreflectfeedbackreceivedfrommembersduringtheconsultationonprojectandprogrammeproposalson28Novemberandthe128thExecutiveBoardsessionon11December.
AsiaandthePacificAfghanistan:ArghandabIntegratedWaterResourcesDevelopmentProject(EB2019/128/R.
20)3.
TheExecutiveBoardapprovedagrantofUS$40millionundertheDebtSustainabilityFramework.
Theprojectisco-financedwiththeAsDBandhasatotalprojectcostofUS$395.
93million.
AsDBwilladministerandsupervisetheIFADgrantandisfinancingamajorcivilworkscomponent,whileIFADisfinancingcomplementarycommandareadevelopmentinitiatives.
Representativesrecognizedthehigh-riskandfragilecontextandsupportedthechoicetopartnerwithAsDB,andaskedforIFADtoremainvisibleasfinancierandcarefullymanagerisks.
Representativesalsorecognizedtheeffortsmadetoensurethattheentirecommunity,includingwomen,benefitfromimplementationoftheproject.
Indonesia:TheDevelopmentofIntegratedFarmingSystemsinUplandAreasProject(EB2019/128/R.
22)4.
TheExecutiveBoardapprovedaloanofUS$50millionforthisprojectwhichfocusesonproductivediversificationofvegetableandfruitfarminginuplandareas.
Theprojecttargets30,000households,ofsmallholders,marginalizedsubsistencefarmers,womenprocessorsandyouth.
RepresentativescommendedthecofinancingarrangementwithIsDB,withanamountofUS$70millionmobilized.
Representativesrecognizedtheimportanceofimprovingnaturalresourcemanagementinuplandsareas,commendedtheclimatefocusoftheproject(83percentoftotalIFADfinancing)andurgedthecountryteamtoensureeffectivecoordinationandsupervision,giventhedecentralizedcontextofprojectimplementation.
Pakistan:Gwadar-LasbelaLivelihoodsSupportProject–PhaseII(EB2019/128/R.
23)5.
TheExecutiveBoardapprovedaloanofUS$60millionandanIFADgrantofUS$3millionforthisprojectinPakistan.
Theprojectfocusesonprovidinglivelihoodsupportto100,000householdsinthecoastalcommunitiesofBalochistan,givingprioritytoartisanalfishingcommunitiesandtherelatedvaluechains.
ItfeaturesPakistan'sfirsttripartitepartnershipamongtheRome-basedagencies,withIFADfocusingonproductivevaluechaininvestments,theFoodandAgricultureAnnexIEB2019/12830OrganizationoftheUnitedNationsonagriculturaltrainingandtheWorldFoodProgrammeonnutritionpackagesfortheultrapoor.
Representativeswerehighlyappreciativeofthisprojectproposal,andurgedthecountryteamtoensureclosecoordinationwithotherdevelopmentinitiativesinBalochistan.
SriLanka:SmallholderAgribusinessandResilienceProject(EB2019/128/R.
24)6.
TheExecutiveBoardapprovedaloanofUS$41.
7millionandagrantofUS$1million,focusingonreducingpovertyandvulnerabilityamong40,000householdsinSriLanka'sdryzones,thecountry'smostvulnerableareatoclimatechange.
Managementclarifiedthatthepublic-private-producerpartnership(4P)valuechainapproachbeingpursuedbuildsonextensiveexperienceinSriLanka,andthatsustainabilityconsiderationshadguidedprojectdesign.
Thishadledtoafocusonwaterconservation,climateresilientvaluechains,andsoundoperationandmaintenance.
EastandSouthernAfricaMalawi:TransformingAgriculturethroughDiversificationandEntrepreneurshipProgramme(EB2019/128/R.
25)7.
TheExecutiveBoardapprovedaloanofUS$51.
1millionandaDSFgrantofUS$18.
9millionforaprogrammeclassifiedasgendertransformational,nutrition-sensitiveandyouth-sensitive.
Itwillpromoteclimate-smartagricultureandfocusoncommercialvaluechains.
TRADEisexpectedtoreachabout300,000households,ofwhich127,000willbenefitdirectly.
Representativesraisedseveralquestions,includinghowthedifferentvaluechainsforthesevencommoditieswillbeorganized,andhowthepoliticaleconomyandmacroeconomicrisksandthecountry'sdebtdistresswillbetakenintoaccountintheriskmitigationstrategy.
TheCountryDirectorprovidedanswerstoseveralquestionsduringthemeeting,andwillprovidefurtherresponsesinwriting.
AnaddendumtothePresident'sreportwillbepreparedandshared.
Mozambique:InclusiveAgrifoodValueChainDevelopmentProgramme(EB2019/128/R.
26)8.
TheExecutiveBoardapprovedaloanofUS$8.
4millionandaDSFgrantofUS$33.
6millionforaprogrammeinMozambique.
Theprogrammehas47percentofclimatefinanceandwillsupportproductionimprovement,marketlinkagesandmarket-relatedclimateresilientinfrastructure,inadditiontoinstitutionalandpolicystrengthening.
Itisclassifiedasyouth-sensitiveandisexpectedtobenefit180,500households.
PROCAVAalsohasafourthcomponentondisasterriskreductionandmanagement,whichwassupportedbyExecutiveBoardrepresentatives.
TheCountryDirectorclarifiedthatfundingforthisasyetunfundedcomponentwouldbemadeavailablethroughreallocationacrosscomponentsintheeventofanaturaldisaster.
Uganda:NationalOilseedsProject(EB2019/128/R.
27)9.
Pendingfinalizationofthefinancingagreement,theExecutiveBoardapprovedaloanofUS$99.
6milliontoacceleratethecommercializationofkeyoilseedsvaluechainsinUganda.
Theprojectisclassifiedasgendertransformational,nutrition-sensitiveandyouth-sensitive,andisexpectedtobenefitaround120,000smallholderhouseholdsdirectlyand350,000householdsindirectly.
TheCountryDirectorreassuredExecutiveBoardrepresentativesthatappropriateenvironmentalandsocialsafeguardsareinplace.
NearEast,NorthAfricaandEuropeEgypt:SustainableTransformationforAgriculturalResilienceinUpperEgyptProgramme(EB2019/128/R.
29)AnnexIEB2019/1283110.
TheExecutiveBoardapprovedaloanofUS$63.
23millionandanIFADgrantofUS$1.
3millionforaprogrammeinEgypttostrengthenruralinstitutions,enterprisesandmarkets,andimprovingsmallholderproductivityandresilience.
Theprogrammeisclassifiedasgendertransformative,youth-sensitiveandnutrition-sensitive.
Itwillprovidedigitalsolutionstothethreatofwaterscarcityandheatwavesintheformofearlywarningsystems,andwillfacilitatemarketaccessbysettingupdigitalplatformsfocusinginparticularonyouthemployment.
Representativescomplimentedthequalityoftheprojectdesign.
Indoingso,theyrecognizeditsrelevancetotheneedsofthetargetedgovernorates,thecountry'spoorest,underscoringtheprogramme'sclosealignmentwiththeGovernment'sownvision2030andrelevantstrategies.
Theyalsoacknowledgedthevalueofhavinganationalprogrammecoordinationunitwithstaffrecruitedonacompetitivebasis.
Finally,therepresentativesnotedthatthenewlyopenedsubregionalhubinCairohadalreadycontributedtoIFAD'shighstandinginthenationalarena,asevidencedbythecofinancingandpartnershipsleveragedthroughSTAR.
Uzbekistan:AgricultureDiversificationandModernizationProject(EB2019/128/R.
30)11.
TheExecutiveBoardapprovedanadditionalfinancingofaUS$46.
2millionloanandUS$0.
8milliongranttofillafinancinggapfortheexistingproject.
TheoriginalprojectwasapprovedinDecember2017.
TheUS$163millionproject(ofwhichthefirstIFADinvestmentwas$46.
5million)focusesonviablevaluechainsystemsinagriculture(horticulture,smallruminant,honeyandaquaculture)throughsupportingsmall-scaleagriculturalproducersandruralenterprisesinNamangan,FerganaandAndijanregions.
WestandCentralAfricaCameroon:CommodityValueChainDevelopmentSupportProject-PhaseII(EB2019/128/R.
31)12.
TheExecutiveBoardapprovedaloanofUS$47milliontoincreasetheincomesandresilienceoffamilyfarmersproducingriceandonions.
BuildingonthesuccessfulimplementationofphaseI,andfullyinlinewiththeGovernment'sstrategy,phaseIIoftheprojectwillprovidesupportforproduction,valuechainstructuring,marketingandaccesstoamorediversediet.
Theprojectisclassifiedasgendertransformative,youth-sensitiveandnutrition-sensitive.
Representativesweresupportiveoftheproject.
DemocraticRepublicoftheCongo:InclusiveandResilientRuralDevelopmentSupportProgramme(EB2019/128/R.
32)13.
TheExecutiveBoardapprovedaloanofUS$26.
64millionandaDSFgrantofUS$9.
86millionforthisprogramme.
IFADhasassembledvariouscofinancierstomakethisthelargestpubliclyfinancedprogrammeinthecountry'sagriculturalandruraldevelopmentsector.
ThisprogrammewilladoptacomprehensiveandtargetedapproachtotacklingstructuralpovertyintheDemocraticRepublicofCongo.
Therepresentativesfullysupportedthisnutrition-sensitiveandyouth-sensitiveprogrammeproposal.
TheGambia:ResilienceofOrganizationsforTransformativeSmallholderAgricultureProject(EB2019/128/R.
33)14.
Againstthebackdropofacountryinpoliticaltransition,theExecutiveBoardapprovedaloanofUS$4.
25andaDSFgrantofUS$17.
02milliontoincreaseagriculturalproductivityandaccesstoagriculturalservices,particularlyforyouth-ledbusinesses.
Withthecofinancingassembled,thisproject–withabudgetofUS$80million–willbethelargestagriculturalprojecteverinGambia.
Ofparticularnoteisthepriorityassignedtopersonswithdisabilities,representing10percentofthetargetgroup.
RepresentativesrecognizedthequalityoftheAnnexIEB2019/12832designandtheprogrammaticapproachandaskedquestionsonmanagementarrangements,procurementandIFAD'sleadershipofthetechnicalworkinggroup.
Managementrespondedtothesequestionsduringthemeeting.
Guinea-Bissau:AgriculturalDiversification,IntegratedMarkets,NutritionandClimateResilienceProject(EB2019/128/R.
34)15.
TheExecutiveBoardapprovedaloanofUS$11.
8millionandaDSFgrantofUS$4.
37million,andwillassembleanadditionalUS$50millionfromvariouscofinanciers,toincreasetheincomesanddietarydiversityofruralhouseholdsinGuinea-Bissau.
Asnearly85percentofthepopulationdependoncashewsastheirmainsourceofincome,IFADwillinvestinnewseedvarietiesforhorticultureandtherehabilitationofroadstofacilitateaccesstomarketsandnutritiousfood.
Ruralmicroenterprises,setupprimarilybycooperativesofwomenandyoungpeople,willbesupportedinfamilyfarmdevelopmentandrelatedactivities.
Representativesbroadlysupportedthisproject,andnotedthepioneeringattentiontocitizenengagementtools.
Nigeria:President'smemorandum:ValueChainDevelopmentProgramme(EB2019/128/R.
35)16.
TheVCDPprogrammeinNigeriacanbeconsideredIFAD'sflagshipprogrammeforprivatesectorinvolvement,youthemploymentandscalinguppotential.
WithanadditionalfinancingforaloanofUS$50millionforexpandingitsoutreach,VCDPwillbecomeIFAD'slargestprogrammeinWestandCentralAfrica.
Itisclassifiedasgendertransformative,youth-sensitiveandnutrition-sensitive,with27percentclimatefinance.
IFAD'sworkinNigeria'sfragilecontextwasappreciatedbytheExecutiveBoardrepresentatives,buttheyalsohighlightedIFAD'srelativelysmallsizeandvisibilitycomparedtothevolumeofinvestmentanddevelopmentimpact.
Severalrepresentativesexpressedinterestinlearningmoreaboutthisprogramme.
AnnexIIEB2019/12833Delegationsatthe128thsessionoftheExecutiveBoardDélégationsàlacentvingt-huitièmesessionduConseild'administrationDelegacionesenel128.
períododesesionesdelaJuntaEjecutivaExecutiveBoard–128thSessionRome,10-12December2019AnnexIIEB2019/12834ALGERIAAliTERRAKChefdel'InspectionGénéraledesfinancesMinistèredesfinancesAlgerANGOLAMariadeFátimaMONTEIROJARDIMAmbassadeurReprésentantpermanentdelaRépubliqued'AngolaauprèsduFIDARomeCarlosAlbertoAMARALMinistreConseillerReprésentantpermanentadjointdelaRépubliqued'AngolaauprèsduFIDARomengeloDOROSRIORAFAELConseillerReprésentantpermanentsuppléantdelaRépubliqued'AngolaauprèsduFIDARomeARGENTINANazarenoCruzMONTANICAZABATSecretarioRepresentantePermanenteAlternodelaRepúblicaArgentinaantelaFAO,elFIDAyelPMARomaBELGIUMFrankCARRUETAmbassadeurReprésentantpermanentdelaBelgiqueauprèsduFIDARomeVirginieKNECHTAttachéeReprésentationpermanentedelaBelgiqueauprèsdesorganisationsspécialiséesdesNationsUniesàRomeRomeAnnexIIEB2019/12835BRAZILEduardoROLIMGeneralCoordinatorofRelationswithInternationalOrganizationsSecretariatofInternationalAffairsMinistryofEconomyBrasiliaRodrigoESTRELADECARVALHOCounsellorAlternatePermanentRepresentativeoftheFederativeRepublicofBraziltoIFADRomeCAMEROONMédiMOUNGUIDeuxièmeConseillerReprésentantpermanentadjointdelaRépubliqueduCamerounauprèsduFIDARomeCANADAAlexandraBUGAILISKISAmbassadorPermanentRepresentativeofCanadatotheUnitedNationsFoodandAgricultureAgenciesRomeGloriaWISEMANCounsellorDeputyPermanentRepresentativeofCanadatotheUnitedNationsFoodandAgricultureAgenciesinRomeRomeNicolasRENARTDeputyDirectorGlobalProgramsandInitiatives,FoodSecurityDivisionGlobalIssuesandDevelopmentBranchOttawaAnnexIIEB2019/12836CHINALIUWeihuaDeputyDirector-GeneralDepartmentofInternationalEconomicandFinancialCooperationBeijingCHINA(cont'd)CHENLijuanSeniorOfficerDepartmentofInternationalEconomicandFinancialCooperationBeijingHANJinPrincipalStaffMemberMinistryofFinanceBeijingHANDongmeiSecondSecretaryAlternatePermanentRepresentativeofthePeople'sRepublicofChinatotheUnitedNationsAgenciesforFoodandAgricultureinRomeRomeLYUYiThirdSecretaryAlternatePermanentRepresentativeofthePeople'sRepublicofChinatotheUnitedNationsAgenciesforFoodandAgricultureinRomeRomeDENMARKJetteMICHELSENMinisterCounsellorTheRoyalDanishEmbassyRomeCharlotteRaaeTEODONIOAttachéTheRoyalDanishEmbassyRomeAnnexIIEB2019/12837DOMINICANREPUBLICMarioARVELOCAAMAOEmbajadorRepresentantePermanentedelaRepúblicaDominicanaanteelFIDARomaJuliaVICIOSOVARELASMinistraConsejeraRepresentantePermanenteAlternadelaRepúblicaDominicanaanteelFIDARomaDOMINICANREPUBLIC(cont'd)DianaINFANTEQUIONESConsejeraRepresentantePermanenteAlternadelaRepúblicaDominicanaanteelFIDARomaLiudmilaKUZMICHEVAConsejeraRepresentantePermanenteAlternadelaRepúblicaDominicanaanteelFIDARomaPatriciaRODRGUEZConsejeraRepresentantePermanenteAlternadelaRepúblicaDominicanaanteelFIDARomaMaríaCristinaLAUREANOPEAPrimeraSecretariaRepresentantePermanenteAlternadelaRepúblicaDominicanaanteelFIDARomaEGYPTMohammedBORHANFirstSecretaryEmbassyoftheArabRepublicofEgyptRomeAnnexIIEB2019/12838FINLANDSatuLASSILAMinisterCounsellorPermanentRepresentativeoftheRepublicofFinlandtotheUnitedNationsFoodandAgricultureAgenciesinRomeRomeMaxVONBONSDORFFDirectorUnitforDevelopmentFinancingInstitutionsDepartmentforDevelopmentPolicyMinistryofForeignAffairsHelsinkiFINLAND(cont'd)SannaLUOMANPERAdviserEmbassyoftheRepublicofFinlandRomeFRANCEDelphineBORIONEAmbassadriceReprésentantepermanentedelaRépubliquefranaiseauprèsdel'OAA,PAMetFIDARomeLauraTORREBRUNOConseilleréconomiqueAmbassadedeFranceRomeJérmeAUDINConseillerReprésentantpermanentadjointdelaRépubliquefranaiseauprèsdel'OAA,PAMetFIDARomeGERMANYAnnetteSEIDELMinisterAlternatePermanentRepresentativeoftheFederalRepublicofGermanytotheInternationalOrganizationsinRomeRomeAnnexIIEB2019/12839TomKREUTELInternPermanentRepresentationoftheFederalRepublicofGermanytotheUNOrganizationsinRomeRomeMichelleBECKERInternPermanentRepresentationoftheFederalRepublicofGermanytotheInternationalOrganizationsinRomeRomeGREECEChristinaARGIROPOULOUFirstSecretaryEconomicandCommercialAffairsDeputyPermanentRepresentativeoftheHellenicRepublictoIFADRomeAnnaMariaKARANTZIInternEmbassyoftheHellenicRepublicRomeNefeli-AikateriniKANELLOUInternEmbassyoftheHellenicRepublicRomeINDIABommakantiRAJENDERMinister(Agriculture)AlternatePermanentRepresentativeoftheRepublicofIndiatoIFADRomeAnnexIIEB2019/12840INDONESIAJehezkielStephanusGeorgeLANTUMinisterDeputyPermanentRepresentativeoftheRepublicofIndonesiatoIFADRomeGustafDaudSIRAITFirstSecretaryAlternatePermanentRepresentativeoftheRepublicofIndonesiatoIFADRomeYonatriRILMANIAOfficerDirectorateofDevelopment,EconomyandEnvironmentMinistryofForeignAffairsJakartaINDONESIA(cont'd)AndreasWisnuDEWANTOOfficerDirectorateofDevelopment,EconomyandEnvironmentMinistryofForeignAffairsJakartaITALYAlessandroCASCINODirectorTreasuryDepartmentInternationalFinancialRelationsMinistryofEconomyandFinanceRomePaolaPETTINARISeniorAdviserMultilateralDevelopmentBanksOfficeInternationalFinancialRelationsDirectorateDepartmentoftheTreasuryMinistryofEconomyandFinanceRomeAnnexIIEB2019/12841AdrianaAPOLLONIOFirstCounsellorDeputyPermanentRepresentativeoftheItalianRepublictoIFADRomeUlianaNAVARRAAttachéAlternatePermanentRepresentativeoftheItalianRepublictoIFADRomeSimoneROMANOInternPermanentRepresentationoftheItalianRepublictotheUnitedNationsAgenciesinRomeRomeAlessandroPISAPIAInternUnitforStrategies,GlobalProcessandInternationalOrganizations,DirectorateGeneralforDevelopmentCooperationMinistryofForeignAffairsandInternationalCooperationRomeITALY(cont'd)GiuliaVENTURAInternDirectorateGeneralforDevelopmentCooperationMinistryofForeignAffairsandInternationalCooperationRomeJAPANToruHISAZOMEMinisterCounsellorDeputyPermanentRepresentativeofJapantotheUnitedNationsFoodandAgricultureAgenciesinRomeRomeMasayukiODAFirstSecretaryAlternatePermanentRepresentativeofJapantotheUnitedNationsFoodandAgricultureAgenciesinRomeRomeAnnexIIEB2019/12842KENYAJacklineYONGAAmbassadoroftheRepublicofKenyatoItalyRomeTeresaTUMWETAgriculturalAttachéAlternatePermanentRepresentativeoftheRepublicofKenyatotheUnitedNationsFoodandAgricultureAgenciesinRomeRomeBonifaceNduvaMWILUMinisterEmbassyoftheRepublicofKenyaRomeKUWAITYousefGhaziAL-BADERRegionalManagerforCentralAsianandEuropeanCountriesOperationsDepartmentKuwaitFundforArabEconomicDevelopmentKuwaitCityMEXICOBenitoSantiagoJIMNEZSAUMAPrimerSecretarioRepresentantePermanenteAlternodelosEstadosUnidosMexicanosanteelFIDARomaNETHERLANDSHansHOOGEVEENAmbassadorPermanentRepresentativeoftheKingdomoftheNetherlandstotheUnitedNationsOrganizationsforFoodandAgricultureinRomeRomeAnnexIIEB2019/12843EricHILBERINKCounsellorDeputyPermanentRepresentativeoftheKingdomoftheNetherlandstotheUnitedNationsOrganizationsforFoodandAgricultureinRomeRomeMercèTORRUELLAYMAZURELIFADDeskOfficerMultilateralInstitutionsandHumanRightsDepartmentInternationalFinancialInstitutionsDivisionMinistryofForeignAffairsTheHagueLisaTEULINGSInternPermanentRepresentationoftheKingdomoftheNetherlandstotheUnitedNationsOrganizationsforFoodandAgricultureNaomiSTERKInternPermanentRepresentationoftheKingdomoftheNetherlandstotheUnitedNationsOrganizationsforFoodandAgricultureRomeNIGERIAYayaO.
OLANIRANMinisterPermanentRepresentativeoftheFederalRepublicofNigeriatotheUnitedNationsFoodandAgricultureAgenciesinRomeRomeNORWAYAslakBRUNAmbassadorPermanentRepresentativeoftheKingdomofNorwaytoIFADRomeGunnvorBERGECounsellorDeputyPermanentRepresentativeoftheKingdomofNorwaytoIFADRomeAnnexIIEB2019/12844HannaDevillersSCHANKESeniorAdviserSectionforUnitedNationsPolicyRoyalNorwegianMinistryofForeignAffairsOsloIdaMorénSTRMSInternPermanentMissionofNorwaytotheUnitedNationsAgenciesinRomeRomePAKISTANShoaibSarwarSANDHUThirdSecretaryAlternatePermanentRepresentativeoftheIslamicRepublicofPakistantotheUnitedNationsFoodandAgricultureAgenciesinRomeRomeQATARAkeelHATOORAdviserEmbassyoftheStateofQatarRomeREPUBLICOFKOREAKANGHyoJooFirstSecretaryAlternatePermanentRepresentativeoftheRepublicofKoreatotheUnitedNationsFoodandAgricultureAgenciesinRomeRomeSAUDIARABIAMohammedAhmedM.
ALGHAMDIMinisterPlenipotentiaryPermanentRepresentativeoftheKingdomofSaudiArabiatoFAORomeAnnexIIEB2019/12845SalahbinAbdelRazaqALKHODERThirdSecretaryAlternatePermanentRepresentativeoftheKingdomofSaudiArabiatoFAORomeSPAINRafaelOSORIODEREBELLNVILLARPrimerSecretarioEmbajadadeEspaaRomaBeatrizSNCHEZ-MONCAYOColaboradoraEmbajadadeEspaaRomaAnaGardeTANCOColaboradoraEmbajadadeEspaaRomaSWEDENVictoriaJACOBSSONCounsellorAlternatePermanentRepresentativeofSwedentoIFADRomeClaraAXBLADProgrammeandPolicyOfficerEmbassyofSwedenRomeLucasLINDFORSProgrammeandPolicyOfficerEmbassyofSwedenRomeSWITZERLANDPioWENNUBSTAmbassadeurReprésentantpermanentdelaConfédérationsuisseauprèsdelaFAO,duFIDAetduPAMRomeAnnexIIEB2019/12846TimKRNZLEINConseillerReprésentantpermanentadjointdelaConfédérationsuisseauprèsdelaFAO,duFIDAetduPAMRomeJacopoSCHRCHAssistantacadémiqueReprésentationpermanentedelaConfédérationsuisseauprèsdelaFAO,duFIDAetduPAMRomeUNITEDARABEMIRATESYousufMohammedBINHAJARDeputyDirectorInternationalFinancialRelationsDepartmentMinistryofFinanceAbuDhabiUNITEDKINGDOMMarie-ThereseSARCHAmbassadorPermanentRepresentativeoftheUnitedKingdomofGreatBritainandNorthernIrelandtotheUnitedNationsFoodandAgricultureAgenciesinRomeRomeElizabethNASSKAUFirstSecretaryDeputyPermanentRepresentativeoftheUnitedKingdomofGreatBritainandNorthernIrelandtotheUnitedNationsFoodandAgricultureAgenciesinRomeRomeUNITEDSTATESElizabethLIENDirectorOfficeofInternationalDevelopmentPolicyDepartmentoftheTreasuryWashington,D.
C.
NirupamaPRADHANInternationalEconomistOfficeofInternationalDevelopmentPolicyDepartmentoftheTreasuryWashington,D.
C.
AnnexIIEB2019/12847SandrineGOFFARDFirstSecretaryAlternatePermanentRepresentativeoftheUnitedStatesofAmericatotheUnitedNationsFoodandAgricultureAgenciesinRomeRomeVENEZUELA(BOLIVARIANREPUBLICOF)ElíasRafaelELJURIABRAHAMEmbajadorRepresentantePermanentedelaRepúblicaBolivarianadeVenezuelaantelaFAOydemásOrganismosdelasNacionesUnidasenRomaRomaPorfirioPESTANADEBARROSMinistroConsejeroRepresentantePermanenteAlternodelaRepúblicaBolivarianadeVenezuelaantelaFAOydemásOrganismosdelasNacionesUnidasenRomaRomaAnnexIIEB2019/12848OBSERVERSOBSERVATEURSOBSERVADORESEUROPEANUNION(EU)RenateHAHLENMinistreConseillèreReprésentantepermanenteadjointedel'UnioneuropéenneauprèsduSaint-Siège,del'OrdredeMalteetlesorganisationsdesNationsUniesàRomeRomeCaraSTAUSSInternDélégationdelaUnioneuropéenneauprèsduSaint-Siège,del'OrdredeMalteetlesorganisationsdesNationsUniesàRomeRomeGiuliaSOFFIANTINIInternDélégationdelaUnioneuropéenneauprèsduSaint-Siège,del'OrdredeMalteetlesorganisationsdesNationsUniesàRomeRomeAnnexIIEB2019/12849FOODANDAGRICULTUREORGANIZATION(FAO)WORLDFOODPROGRAMME(WFP)AngelicaJACOMESeniorAttachédeCabinetOfficeoftheDirecteurdeCabinetOfficeoftheDirector-GeneralFoodandAgricultureOrganizationoftheUnitedNations(FAO)RomeMathewKEILAttachédeCabinetOfficeoftheDirecteurdeCabinetOfficeoftheDirector-GeneralFoodandAgricultureOrganizationoftheUnitedNations(FAO)RomeIljaBETLEMConference,CouncilandGovernmentRelationsBranchFoodandAgricultureOrganizationoftheUnitedNations(FAO)RomeStephanieHOCHSTETTERSKINNER-KLEDirectorRome-basedAgenciesandCommitteeonWorldFoodSecurity(CFS)DivisionWorldFoodProgramme(WFP)RomeLucieKANOVAExternalPartnershipOfficerRome-basedAgenciesandCommitteeonWorldFoodSecurity(CFS)DivisionWorldFoodProgramme(WFP)RomeNealPRONESTIExternalPartnershipConsultantRome-basedAgenciesandCommitteeonWorldFoodSecurity(CFS)DivisionWorldFoodProgramme(WFP)RomeAnnexIIEB2019/12850COSOPDELIBERATIONS1DLIBRATIONSRELATIVESAUXCOSOPDELIBERACIONESSOBRELOSCOSOPCONGOMarcMANKOUSSOUConseillerReprésentantpermanentsuppléantdelaRépubliqueduCongoauprèsduFIDARomeChristelleCarineOLLANDETAttachéadministrativeAmbassadedelaRépubliqueduCongoRomeGHANAEvelynOfosuAMABLEAlternatePermanentRepresentativeoftheRepublicofGhanatoIFADEmbassyoftheRepublicofGhanaRomePhyllisMarthaKlorkorMENDSMinisterCounsellorAlternatePermanentRepresentativeoftheRepublicofGhanatoIFADRomeLESOTHOManthamaneDellopSELLOCounsellorEmbassyoftheKingdomofLesothoRomeAnnexIIEB2019/12851LIBERIAAndrewW.
KRONYANHAmbassadorPermanentRepresentativeoftheRepublicofLiberiatoIFADRomeA.
Haruna-RashidKROMAHSecondSecretaryDeputyPermanentRepresentativeoftheRepublicofLiberiaRome1PursuanttodocumentEB2002/77/R.
12:ProcedurefortheReviewofCountryStrategicOpportunitiesPapers(COSOPS)bytheExecutiveBoard.
Paragraph15(2)Process.
AnnexIIEB2019/12852SILENTOBSERVERSINTHESALLED'COUTE2OBSERVATEURSSANSDROITDEPAROLEDANSLASALLED'COUTEOBSERVADORESSINDERECHOAINTERVENIRENLASALADEESCUCHABANGLADESHManashMITRAEconomicCounsellorAlternatePermanentRepresentativeofthePeople'sRepublicofBangladeshtoIFADRomeCOSTARICAPaulaAndreaPERAZAAGUILARSegundaSecretariaRepresentantePermanenteAlternadeCostaRicaantelaFAO,elFIDAyelPMARomaCUBARebecaCUTICANCINOConsejeraRepresentantePermanenteAdjuntadelaRepúblicadeCubaanteelFIDARomaCYPRUSMariosGEORGIADESAgriculturalAttachéDeputyPermanentRepresentativeoftheRepublicofCyprustotheUnitedNationsFoodandAgricultureAgenciesinRomeRome2PursuanttodocumentEB2010/101/INF.
4/Rev.
1:SilentobserversatExecutiveBoardProceedings.
Paragraph2(b).
AnnexIIEB2019/12853DEMOCRATICPEOPLE'SREPUBLICOFKOREAKIMChonGilFirstSecretaryAlternatePermanentRepresentativeoftheDemocraticPeople'sRepublicofKoreatoIFADRomeJONKyongDokThirdSecretaryAlternatePermanentRepresentativeoftheDemocraticPeople'sRepublicofKoreatotheUNagenciesinRomeRomeDEMOCRATICREPUBLICOFTHECONGOManyabeEsangelaMOISERepresentantPermanantAdjointAmbassadedelaRépubliquedémocratiqueduCongoRomeELSALVADORElisaMaricelaFloresDAZAsistenteAdministrativoEmbajadadelaRepúblicadeElSalvadorRomaHUNGARYZoltánKLMNMinisterPlenipotentiaryPermanentRepresentativeofHungarytotheUnitedNationsFoodandAgricultureAgenciesinRomeRomeAnnexIIEB2019/12854LorettaTündeKSAInternOfficeofthePermanentRepresentationofHungarytotheUnitedNationsFoodandAgricultureAgenciesinRomeEmbassyofHungaryRomeISRAELYaelRUBINSTEINAmbassadorPermanentRepresentativeoftheStateofIsraeltoIFADRomeMichalVAYAAlternatePermanentRepresentativeoftheStateofIsraeltotheUnitedNationsFoodandAgricultureAgenciesinRomeRomeLIBYAAliAminAhmedALIKAFUAmbassadorPermanentRepresentativeoftheStateofLibyatotheUnitedNationsFoodandAgricultureAgenciesinRomeRomeTarekF.
M.
BekDARNAFirstSecretaryDeputyPermanentRepresentativeoftheStateofLibyatotheUnitedNationsFoodandAgricultureAgenciesinRomeRomeMOROCCOYoussefBALLAAmbassadeurReprésentantpermanentduRoyaumeduMarocauprèsduFIDARomeHoudaAYOUCHConseillèreReprésentantpermanentadjointduRoyaumeduMarocauprèsduFIDARomeAnnexIIEB2019/12855PERUGustavoEduardoMostajoOCOLARepresentantePermanenteAlternodelaRepúblicadelPerúantelosOrganismosInternacionalesconsedeenRomaRomaROMANIAVladMUSTACIOSUConseillerReprésentantpermanentadjointdelaRoumanieauprèsduFIDARomeUGANDASiragiWAKAABUAgricultureAttachéAlternatePermanentRepresentativeoftheRepublicofUgandatoIFADRomeZAMBIAManakoChipumbuSIAKAKOLEFirstSecretary(Multilateral)AlternatePermanentRepresentativeoftheRepublicofZambiatoIFADRomeKayoyaMASUHWAFirstSecretary(Agriculture)AlternatePermanentRepresentativeoftheRepublicofZambiatoIFADRomeAnnexIIIEB2019/12856Listofdocumentsplacedbeforethe128thsessionoftheExecutiveBoardDocumentnumberAgendaitemTitleEB2019/128/R.
1/Rev.
12ProvisionalagendaEB2019/128/R.
1/Rev.
1/Add.
1/Rev.
12ScheduleofworkforthesessionEB2019/128/R.
23IFADataforkintheroadEB2019/128/R.
3+Add.
1+Add.
24(a)IFAD's2020results-basedprogrammeofworkandregularandcapitalbudgets,theIOEresults-basedworkprogrammeandbudgetfor2020andindicativeplanfor2021-2022,andtheHIPCandPBASprogressreportsEB2019/128/R.
44(a)ReportoftheAuditCommitteeonIFAD's2020Results-basedProgrammeofWorkandRegularandCapitalBudgets,andtheIndependentOfficeofEvaluationofIFAD'sResults-basedWorkProgrammeandBudgetfor2020andIndicativePlanfor2021-2022EB2019/128/R.
54(b)(i)InformationandCommunicationTechnologyforDevelopment(ICT4D)StrategyEB2019/128/R.
64(b)(ii)FrameworkforImplementingTransformationalApproachestoMainstreamingThemes:EnvironmentandClimate,Gender,NutritionandYouth(Draft)EB2019/128/R.
74(c)EconomicActivitiesofPersonswithDisabilitiesinRuralAreas:NewEvidenceandOpportunitiesforIFADEngagementEB2019/128/R.
85(a)EnhancingIFAD'sEnterpriseRiskManagementFramework-UpdateEB2019/128/R.
95(b)CorporateRiskDashboardEB2019/128/R.
106(a)Minutesofthe107thSessionoftheEvaluationCommitteeEB2019/128/R.
11+Add.
16(b)DraftActionPlanfortheImplementationoftheMainActionsandRecommendationsofthePeerReviewofIFAD'sEvaluationFunctionEB2019/128/R.
126(c)RepublicofKenyaCountryStrategyandProgrammeEvaluationEB2019/128/R.
137(b)FrameworkforOperationalFeedbackfromStakeholders:EnhancingTransparency,GovernanceandAccountabilityEB2019/128/R.
147(c)(i)(a)CentralAfricanRepublic:CountryStrategicOpportunitiesProgramme2020–2024EB2019/128/R.
15+Add.
17(c)(i)(b)RepublicoftheCongo:CountryStrategicOpportunitiesProgramme2019–2024EB2019/128/R.
167(c)(i)(c)RepublicofGhana:CountryStrategicOpportunitiesProgramme2019-2024EB2019/128/R.
177(c)(i)(d)RepublicofLiberia:CountryStrategicOpportunitiesProgramme2020–2024EB2019/128/R.
18+Add.
17(c)(ii)(b)KingdomofLesotho:CountryStrategicOpportunitiesProgramme2020-2025EB2019/128/R.
19+Add.
17(c)(ii)(a)RepublicofKenya:CountryStrategicOpportunitiesProgramme2020-2025AnnexIIIEB2019/12857EB2019/128/R.
577(c)SummaryofProjectandProgrammeProposalsdiscussedattheExecutiveBoardconsultationheldon28November2019EB2019/128/R.
207(d)(i)(a)Afghanistan:ArghandabIntegratedWaterResourcesDevelopmentProjectEB2019/128/R.
217(d)(i)(b)India:ScalingUpAgriculturalTechnologiesforSmallholderFarmersProjectEB2019/128/R.
22+Add.
1+Sup.
137(d)(i)(c)Indonesia:UplandsAgricultureProductivityandMarketsProject3DocumentdeliveredinEnglishonly.
4DocumentdeliveredinFrenchonly.
EB2019/128/R.
24+Add.
1+Sup.
117(d)(i)(e)SriLanka:SmallholderAgribusinessandResilienceProjectEB2019/128/R.
25+Add.
1+Add.
2+Sup.
117(d)(ii)(a)Malawi:TransformingAgriculturethroughDiversificationandEntrepreneurshipProgrammeEB2019/128/R.
26+Add.
1+Sup.
117(d)(ii)(b)Mozambique:InclusiveAgrifoodValueChainDevelopmentProgrammeEB2019/128/R.
277(d)(ii)(c)Uganda:NationalOilseedsProjectEB2019/128/R.
287(d)(iii)(a)BosniaandHerzegovina:President'smemorandum-ExtensionofthetimelimitforsignatureofthefinancingagreementfortheRuralEnterprisesandAgriculturalDevelopmentProjectEB2019/128/R.
29+Add.
1+Sup.
117(d)(iii)(b)Egypt:SustainableTransformationforAgriculturalResilienceinUpperEgyptEB2019/128/R.
30+Sup.
117(d)(iii)(c)Uzbekistan:President'smemorandum-AgricultureDiversificationandModernizationProjectEB2019/128/R.
31+Add.
1+Sup.
147(d)(iv)(a)Cameroon:CommodityValueChainDevelopmentSupportProject–PhaseII(PADFAII)EB2019/128/R.
32+Sup.
127(d)(iv)(b)DemocraticRepublicofCongo:InclusiveandResilientRuralDevelopmentProgrammeEB2019/128/R.
337(d)(iv)(c)Gambia(the):ResilientOrganizationsforTransformativeSmallholderAgricultureProjectEB2019/128/R.
34+Add.
1+Sup.
127(d)(iv)(d)Guinea-Bissau:FamilyFarmingDiversification,IntegratedMarkets,NutritionandClimateResilienceProjectEB2019/128/R.
357(d)(iv)(e)Nigeria:President'smemorandum-ValueChainDevelopmentProgrammeEB2019/128/R.
585(a)Brazil:President'smemorandum-ExtensionofthetimelimitforsignatureofthefinancingagreementfortheSustainableRuralDevelopmentProjectintheTerritoriesoftheZonadaMataandAgresteofPernambucoEB2019/128/R.
368(a)ReportoftheChairpersononthe155thMeetingoftheAuditCommitteeEB2019/128/R.
378(b)ResourcesavailableforcommitmentEB2019/128/R.
38+Add.
1+Add.
28(d)IFAD'sInvestmentPolicyStatementEB2019/128/R.
39+Add.
18(e)WorkplanforIFAD'sOfficeofAuditandOversightin2020EB2019/128/R.
408(f)RevisionofIFAD'sProjectProcurementGuidelinesEB2019/128/R.
41+Add.
1/Rev.
18(g)Anti-MoneyLaunderingandCounteringtheFinancingofTerrorismPolicyEB2019/128/R.
42+Corr.
18(h)ProposaltoenterintoaborrowingarrangementwiththeDepartmentofForeignAffairs,TradeandDevelopmentofAnnexIIIEB2019/12858CanadatosupporttheIFAD11programmeofloansandgrants[Restricted]EB2019/128/R.
438(i)CapitalAdequacyPolicy[Restricted]EB2019/128/R.
448(j)DebtSustainabilityFrameworkReformEB2019/128/R.
45+Add.
18(k)ProposalforaCreditRatingforIFAD[Restricted]EB2019/128/R.
468(l)IFADAssetandLiabilityManagementFrameworkEB2019/128/R.
478(m)ApproachtoIFAD'sNewLiquidityPolicy:PrinciplesandGuidelinesEB2019/128/R.
489(a)ProposedDatesforthesessionsoftheExecutiveBoardtobeheldin2021EB2019/128/R.
49+Add.
19(b)EstablishmentoftheConsultationontheTwelfthReplenishmentofIFAD'sResourcesEB2019/128/R.
509(c)EstablishmentoftheEmolumentsCommitteeEB2019/128/R.
569(d)UpdateonaProposalforanAutomatedVotingSystematIFADEB2019/128/R.
5110(a)UpdateonIFAD'sApproachtoAddresstheUnitedNationsStrategytoPreventandRespondtoSexualHarassment,SexualExploitationandAbuseEB2019/128/R.
52+Add.
110(b)ProgressReportonRome-basedAgenciescollaborationEB2019/128/R.
5311(a)RenewaloftheHostingAgreementoftheSecretariatoftheInternationalLandCoalitionDocumentforInformationEB2019/128/R.
5412DraftProgrammeofEventsfortheForty-thirdSessionoftheGoverningCouncilEB2019/128/R.
55+Corr.
113ReportonIFAD'sInvestmentPortfoliofortheThirdQuarterof2019Fit-for-purposeapproach2019FFP9Statusreportonarrearsinprincipal,interestandservicechargepayments2019FFP10SummaryofthestatusofcontributionstotheEleventhReplenishmentofIFAD'sResources(IFAD11)2019FFP11PlannedGlobal,RegionalandCountryActivitiesasat22October20192019FFP12ListofDocumentsforthe128thsessionoftheExecutiveBoardNotesEB2019/128/INF.
1Arrangementsforthe128thsessionoftheExecutiveBoard-InformationforExecutiveBoardparticipantsEB2019/128/INF.
2Angola:SmallholderResilienceEnhancementProjectEB2019/128/INF.
3IFAD'sInterestRatesandServiceChargesApplicablefortheFourthQuarterof2019EB2019/128/INF.
4Reportoftheproceedingsofthefollow-uptothefifthExecutiveBoardretreat:AconversationontheroadtoIFAD2.
0EB2019/128/INF.
5ProvisionalAgendafortheForty-thirdSessionoftheGoverningCouncilAnnexIVEB2019/128NotetoExecutiveBoardrepresentativesFocalpointfortechnicalquestionsanddispatchofdocumentation:DeirdreMcGrenraChiefInstitutionalGovernanceandMemberRelationsTel.
:+390654592374e-mail:gb@ifad.
orgExecutiveBoard—128thSessionRome,10-12December201959Document:EB2019/128/R.
1/Rev.
1EAgenda:2Date:10December2019Distribution:PublicOriginal:EnglishAgendaAnnexIVEB2019/12860AgendaI.
Itemsforconsideration1.
Openingofthesession2.
Adoptionoftheagenda[A]3.
StrategicdiscussionwiththePresidentofIFAD[R]4.
Corporate(a)IFAD's2020results-basedprogrammeofworkandregularandcapitalbudgets,andthepreviewoftheIndependentOfficeofEvaluationofIFAD'sresults-basedworkprogrammeandbudgetfor2020andindicativeplanfor2021-2022[A](b)PoliciesandStrategies(ii)InformationandCommunicationTechnologyforDevelopment(ICT4D)Strategy[A](iii)FrameworkforImplementingTransformationalApproachestotheMainstreamingThemes(ClimateandEnvironment,Gender,NutritionandYouth)[R](c)EconomicActivitiesofPersonswithDisabilitiesinRuralAreas:NewEvidenceandOpportunitiesforIFADEngagement[R]5.
EnterpriseRiskManagement[R](a)UpdateonEnterpriseRiskManagement(b)IFAD'sRiskDashboard:Statusreport6.
Evaluation[R](a)ReportoftheChairpersononthe107thsessionoftheEvaluationCommittee(b)ActionPlanforFollow-upontheExternalPeerReviewofIFAD'sEvaluationFunction(c)CountrystrategyandprogrammeevaluationforKenya7.
Operationalmatters(b)FrameworkforOperationalFeedbackfromStakeholders[A]Countrystrategicopportunitiesprogrammes(COSOPs)[R](c)ReportontheoutcomeoftheExecutiveBoardconsultationonthefollowingCOSOPs:(ii)WestandCentralAfricaa.
CentralAfricanRepublicb.
Congoc.
Ghanad.
Liberia(iii)EastandSouthernAfricab.
LesothoAnnexIVEB2019/12861Forconsiderationatthesession:(ii)EastandSouthernAfricaa.
Kenya(d)Project/programmeproposalsforconsiderationbytheExecutiveBoard[A]ReportontheoutcomeoftheExecutiveBoardconsultationonthefollowingproposals:(i)AsiaandthePacifica.
Afghanistan:ArghandabIntegratedWaterResourcesDevelopmentProgrammec.
Indonesia:TheDevelopmentofIntegratedFarmingSystemsinUplandAreasprojecte.
SriLanka:SmallholderAgribusinessandResilienceProject(ii)EastandSouthernAfricaa.
Malawi:TransformingAgriculturethroughDiversificationandEntrepreneurshipb.
Mozambique:InclusiveAgrifoodValueChainDevelopmentProgrammec.
Uganda:NationalOilseedProject(iii)NearEast,NorthAfricaandEuropeb.
Egypt:SustainableTransformationforAgriculturalResilienceinUpperEgypt(iv)WestandCentralAfricaa.
Cameroon:CommodityValueChainDevelopmentSupportProject-PhaseIIb.
DemocraticRepublicoftheCongo:InclusiveandResilientRuralDevelopmentSupportProgrammec.
TheGambia:ResilientOrganizationsforTransformativeSmallholderAgricultureProjectd.
Guinea-Bissau:AgriculturalDiversification,IntegratedMarkets,NutritionandClimateResilienceProjecte.
Nigeria:President'smemorandum:ValueChainDevelopmentProgrammeForconsiderationatthesession:(iii)NearEast,NorthAfricaandEuropea.
BosniaandHerzegovina:President'smemorandum:RuralEnterprisesandAgriculturalDevelopmentProject–Extensionofthetimelimitforsignatureofthefinancingagreement(v)Uzbekistan:President'smemorandum:AgricultureDiversificationandModernizationProject–AdditionalfinancingLatinAmericaandtheCaribbeana.
Brazil:President'smemorandum:SustainableRuralDevelopmentProjectintheTerritoriesoftheZonadaMataandAgresteofPernambuco(PE-PRODUZ)–ExtensionofthetimelimitforsignatureofthefinancingagreementwiththeStateofPernambucooftheFederativeRepublicofBrazilAnnexIVEB2019/128628.
Financialmatters(a)ReportoftheChairpersononthe155thmeetingoftheAuditCommittee[R](b)ResourcesAvailableforCommitment[A](c)AnnualreviewoftheConceptualFrameworkonFinancialReportingandAuditingofIFAD-financedProjects[R](d)IFAD'sInvestmentPolicyStatement[A](e)WorkplanforIFAD'sOfficeofAuditandOversightfor2020[C](f)RevisionoftheProjectProcurementGuidelines[A](g)Anti-MoneyLaunderingandCounteringtheFinancingofTerrorismPolicy[A](h)SovereignborrowingframeworkloanfromCanada[A](i)CapitalAdequacyPolicy[A](j)DebtSustainabilityFrameworkReform[A](k)ProposalforaCreditRatingforIFAD[A](l)ApproachtoIFAD'sAssetLiabilityManagementFramework[R](m)ApproachtoIFAD'sLiquidityPolicy:PrinciplesandGuidelines[R]9.
Governance(a)ProposeddatesforsessionsoftheExecutiveBoardin2021[A](b)EstablishmentoftheConsultationontheTwelfthReplenishmentofIFAD'sResources[A](c)EstablishmentoftheEmolumentsCommittee[A](d)ProposalforanautomatedvotingsystematIFAD[A]10.
Progressreports(a)UpdateonIFAD'sApproachtoAddresstheUnitedNationsStrategytoPreventandRespondtoSexualHarassment,SexualExploitationandAbuse[R](b)ReportontheoutcomeoftheExecutiveBoardconsultationonthefollowing:ProgressreportonRome-basedagenciescollaboration[I]11.
Otherbusiness(a)RenewaloftheHostingAgreementoftheSecretariatoftheInternationalLandCoalition[A](b)Venueoftheforty-fourthsessionoftheGoverningCouncil[I](c)SilentobserversatExecutiveBoardproceedings[I]II.
Forinformation[I]1.
Additionalinformationdocuments,includinginformationprovidedunderthefit-for-purposeapproach,willbepostedontheMemberStatesInteractivePlatformatthefollowinglink.