MDB Votes 

March 2018 

Board Date Bank 

Group Window Country Loan Type Project Amount US Position Reason Code

Env. 

Category

1-Mar-18 WB IDA, GEF Haiti Blend Resilient Productive Landscapes Project $21.21 Support B

1-Mar-18 WB IDA Ethiopia Blend Ethiopia Electrification Program for Results $375.00 Support N/A

6-Mar-18 WB IFC India Loan Aditya Birla Finance Ltd. (AB Capital) $150.00 Support FI-2

6-Mar-18 AFDB Trust Fund Tunisia Grant Souk At-tanmia's Third Edition $2.60 Support N/A

7-Mar-18 WB Trust Fund Jamaica Loan

Promoting Community-based Climate 

Resilience in the Fisheries Sector Project $4.87 Support

B

7-Mar-18 AFDB Rwanda Loan Rwanda Innovation Fund $30.00 Support C

7-Mar-18 AFDB AFDB

Congo, Democratic 

Republic of Credit Rawbank Line of Credit $15.00 Abstain

Weak development impact, reputational 

risk and concern with AfDB sectoral 

lending limit.

1 FI-2

7-Mar-18 WB IFC, IDA Regional Equity I&P Afrique Entrepreneurs II L.P. $9.23 Support FI-2

8-Mar-18 WB MIGA Uganda Guarantee

Proposed Modification of Prior MIGA 

Guarantee to Bujagali Holding Power Co. 

Ltd. for its Investment in Bujagali Energy 

Ltd. $190.00 Abstain

Economic policy and other 

environmental concerns.

1, 16 A

8-Mar-18 WB IFC Uganda Loan Bujagali Refinancing $100.00 Abstain

Economic and environmental policy 

concerns.

1, 16 A

8-Mar-18 WB IFC Philippines Loan Energy Dev III $90.00 Support B

8-Mar-18 WB IFC Afghanistan Loan Rikweda Fruit Process Company $2.50 Support B

8-Mar-18 WB IFC Burma Loan Thilawa Port $15.00 Support B

8-Mar-18 IDB IDB Regional Grant

Contingent Recovery Public-private 

Partnership Preparation program $5.00 Support

C

8-Mar-18 WB IFC Regional Loan

Credit Agricole Corporate & Investment 

Bank $85.00 Support

FI-2

8-Mar-18 WB IFC Burma Loan

IFC-Canada Climate Change Program 

Investment in Yoma Micro Power Myan 

Ltd. $6.00 Support

N/A

12-Mar-18 WB IBRD Belarus Loan

Forestry Development Project - Additional 

Financing $14.89 Abstain

Does not meet basic human needs or 

humanitarian assistance.

36, 68 B

12-Mar-18 IDB IDB Argentina Blend

Program to Support Productive 

Infrastructure Financing in Argentina $500.00 Support

B

12-Mar-18 IDB GEF Brazil Grant

Conservation, Restoration, and Sustainable 

Management in the Caatinga, Pampa, and 

Pantanal – GEF Terrestre $32.62 Support

B

12-Mar-18 WB IDA Central African Republic Grant Natural Resources Governance Project $10.00 Support B

12-Mar-18 IDB IDB Argentina Loan

Program to Enhance the Management 

Capacity of the Federal Administration of 

Public Revenue $100.00 Support

C

13-Mar-18 WB MIGA Senegal Guarantee

Lekela Power Holdings Limited - Proposed 

Modification of Prior Concurrence $190.00 Support

62 A

13-Mar-18 WB IBRD India Loan

Meghalaya Community-Led Landscapes 

Management Project $28.00 Support

B

13-Mar-18 WB IFC Regional Blend MENA DARP OB SPV & OB NPL Servicer $50.40 Support

FI-2

13-Mar-18 EBRD EBRD Regional Non-Financial

Proposed extension of the Trade Facilitation 

Program to West Bank and Gaza $0.00 Support

N/A

Page 1 of 5
MDB Votes 

March 2018 

14-Mar-18 WB IDA Ethiopia Blend

Urban Institutional and Infrastructure 

Development Program $600.00 Abstain Concerns with poor project design.

1, 72, 

76

B

14-Mar-18 EBRD EBRD Kazakhstan Loan

MREK Privatisation and Transformation 

(under Kazakhstan Renewables Framework) $38.89 Support

B

14-Mar-18 EBRD EBRD Regional Loan Project Frontier $73.34 Support B

14-Mar-18 EBRD EBRD Egypt Loan

SOPC Energy Efficiency & Upgrade 

Program $200.00 Support

B

14-Mar-18 WB IDA India Loan Madhya Pradesh Rural Connectivity Project $210.00 Support

B

14-Mar-18 EBRD EBRD Poland Equity Project Chimera $20.00 Support B

14-Mar-18 EBRD EBRD Lebanon Blend

Project Phoenicia and Regional Trade 

Finance Program: Fransabank $65.00 Support

FI

14-Mar-18 EBRD EBRD Poland Loan Project Zlata $122.24 Support FI

14-Mar-18 WB IFC Colombia Loan

Banco Bilbao Vizcaya Argentaria Colombia 

S.A. $150.00 Support

FI-2

14-Mar-18 WB IFC China Blend Sinovation Fund IV L.P. $25.00 Abstain Does not meet basic human needs. 8 FI-3

14-Mar-18 WB IFC Chile Loan

Caja de Compensacion de Asignacion 

Familiar Los Heroes $50.00 Support

FI-3

14-Mar-18 EBRD EBRD Kazakhstan Non-Financial

Renewables Framework – Operation 

Change Report $0.00 Support

N/A

14-Mar-18 IDB IDB Mexico Loan

Program to Support Implementation and 

Strengthening of the Energy Reform $600.00 Support

N/A

15-Mar-18 WB IBRD Lebanon Loan Greater Beirut Public Transport Project $295.00 Support 62 A

15-Mar-18 WB IDA Nicaragua Loan Property Rights Strengthening Project $50.00 Abstain Economic and policy concerns 1 B

15-Mar-18 WB IFC Dominican Republic Loan Tropicalia $45.50 Abstain Minimal financial additionality 1 B

15-Mar-18 WB IBRD Panama Loan

Support for the National Indigenous Peoples 

Development Plan Project $80.00 Support

B

15-Mar-18 WB IDA Nicaragua Loan

Integrated Public Provision of Health Care 

Services Project $60.00 Support

B

15-Mar-18 WB IDA Nicaragua Loan

Rural and Urban Access Improvement 

Project - Additional financing $35.00 Support

B

15-Mar-18 WB IFC Comoros Loan Telma Comoros $16.00 Support B

15-Mar-18 IDB IDB Regional Grant

Water Funds: A Sustainable Climate 

Adaptation and Resilience Model for 

Stressed Urban Watersheds in Latin 

America and the Caribbean $6.20 Support

C

15-Mar-18 WB IRBD Argentina Guarantee FODER II - Renewable Fund Guarantee $250.00 Abstain Local Content Requirement 1 FI

15-Mar-18 WB IBRD/IDA Nicaragua Non-Financial Country Partnership Framework $0.00 N/A N/A

15-Mar-18 WB IBRD/IDA Tanzania Non-Financial Country Partnership Framework $0.00 N/A N/A

16-Mar-18 WB

IBRD/IDA, 

IDA Mali Loan

Mali - Economic & Environmental 

Rehabilitation of the Niger River $0.00 Support

62 A

16-Mar-18 WB IDA Guinea Credit

Power Sector Recovery Project - additional 

financing $25.00 Support

B

16-Mar-18 WB IDA Mauritania Grant

Supporting Gas Project Negotiations and 

Enhancing Institutional Capacities $20.00 Support

B

19-Mar-18 IDB MIF Argentina

Technical 

Cooperation

Development of Creative Entrepreneurs in 

Mendoza $0.95 Support

C

20-Mar-18 WB IDA Kyrgyz Republic Blend

Digital Central Asia and South Asia (Digital 

CASA) $50.00 Support

B

Page 2 of 5
MDB Votes 

March 2018 

20-Mar-18 IDB IDB Costa Rica Loan Cantonal Road Network Program II $144.00 Support

B

20-Mar-18 WB IBRD Serbia Loan

Second Serbia Health Project - Addt'l. 

Financing $31.00 Support

B

20-Mar-18 WB IFC Sri Lanka Loan Melwa Hotels Project $27.00 Support

B

20-Mar-18 WB IBRD Serbia Loan

State-Owned Financial Institutions 

Strengthening Project $50.00 Support

C

20-Mar-18 WB IFC Sri Lanka Loan Senkadagala Finance PLC $15.00 Support FI-2

20-Mar-18 WB IFC Argentina Loan Banco de Galicia Buenos Aires S.A. $100.00 Support FI-2

20-Mar-18 WB IDA Nepal Loan

First Programmatic Fiscal and Public 

Financial Management Development Policy 

Credit $200.00 Support

N/A

20-Mar-18 WB IBRD Serbia Loan

Second Public Expenditure and Public 

Utilities Development Policy Loan $200.00 Support

N/A

21-Mar-18 WB IDA Angola Loan

Angola Health System Performance 

Strengthening Project $110.00 Support

35B

21-Mar-18 WB IFC Romania Loan

Globalworth Real Estate Investments 

Limited for the GRIEL Bond Project $61.00 Support

B

21-Mar-18 WB IFC India Loan PNB Housing Finance Limited Project $150.00 Support FI-2

21-Mar-18 WB IFC Romania Credit

Globalworth Real Estate Investments 

Limited for the GREI Bond Project $67.10 Support

FI-2

22-Mar-18 WB IFC Turkey Loan Yapi Merkezi Holding A.S. $75.00 Abstain Does not meet Pelosi disclosure.

9A

22-Mar-18 WB IDA Colombia Loan

Access and Quality in Higher Education 

Project – PACES $160.00 Support

B

22-Mar-18 WB IFC Indonesia Loan Nabati Indonesia $107.00 Support

B

22-Mar-18 WB IFC Egypt Loan Vinavil Egypt $15.00 Support

B

22-Mar-18 WB IDA Bangladesh Loan

National Strategy for Development of 

Statistics Implementation Support Project $15.00 Support

C

22-Mar-18 WB IFC Poland Equity Innova/6 Fund $22.00 Support FI-2

22-Mar-18 WB IFC China Loan

Chongqing Baidu Micro-loan Company 

Limited (Baidu MCC Bendu) $103.00 Abstain Does not meet basic human needs.

8 FI-3

22-Mar-18 ADB ADB Regional Blend

Supply Chain Finance Program (Additional 

Financing) $100.00 Support

FI-3

23-Mar-18 ADB ADB Indonesia Loan

PT Supreme Energy Rantau Dedap Rantau 

Dedap Geothermal Power Project (Phase 2) $177.50 Abstain

Does not meet Pelosi content 

requirements.

9A

23-Mar-18 WB IFC Ukraine Loan

LLC Zerno-Agrotrade & LLC 

Tsukuragroprom $30.00 Support

B

23-Mar-18 ADB ADB Mongolia Loan

Ulaanbaatar Air Quality Improvement 

Program $130.00 Support

C

23-Mar-18 WB IFC Regional Loan DARP SPV CW2 $50.00 Abstain Does not meet basic human needs. 

8 FI-2

23-Mar-18 WB IFC Brazil Loan XP Investimentos S.A. $100.00 Support FI-3

23-Mar-18 WB MIGA South Africa Guarantee

Proposed Modification of Prior 

Concurrence: Guarantees for Mainstream 

Renewable Investments in Loeriesfontein 2, 

Noupoort, Kangas, Pedekraal East $35.00 Support

N/A

26-Mar-18 WB IFC India Equity ESIP Bizongo $5.00 Support

B

26-Mar-18 AFDB AFDB Gambia Grant Emergency Budget Support $7.00 Support

C

26-Mar-18 WB IFC India Loan

L&T Housing Finance Limited (L&TH) for 

the L&T Housing Finance Limited Project $75.00 Support

FI-2

Page 3 of 5
MDB Votes 

March 2018 

26-Mar-18 WB IFC Sri Lanka Loan

Sanasa Development Bank PIC (SDB 

Sanasa) $15.00 Support

FI-2

26-Mar-18 WB IFC Rwanda Loan I & M Bank Rwanda Limited $10.00 Support FI-2

27-Mar-18 ADB ADB Tajikistan Grant

Central Asia Regional Economic 

Cooperation Corridors 2, 5, and 6 

(Dushanbe–Kurgonteppa) Road Project 

(Additional Financing) $90.00 Support

B

27-Mar-18 WB IFC India Loan

Jain Irrigation Systems for the Jain IV 

Project $40.00 Support

B

27-Mar-18 WB IFC India Loan Altico Cap India Limited $50.00 Support FI-2

27-Mar-18 WB IFC Bangladesh Loan

BRAC Bank Limited for the WCS BRAC III 

Project $40.00 Support

FI-2

27-Mar-18 WB IFC Kenya Loan Co-op Bank III $150.00 Support FI-2

27-Mar-18 AFDB AFDB Regional Loan

Commerzbank - Risk Participation 

Agreement $50.00 Support

FI-3

27-Mar-18 WB IFC Mexico Equity Angel Ventures Pacific Alliance Fund II $5.00 Support FI-3

28-Mar-18 ADB ADB Bangladesh Equity

Cornerstone Investment in a Leading Power 

Developer - Summit Power International 

Limited $60.00 Abstain

Does not meet Pelosi content and 

disclosure requirements.

9 A

28-Mar-18 WB IDA Cote d`Ivoire Loan

Land Policy Improvement and 

Implementation Project $50.00 Support

62 A

28-Mar-18 EBRD EBRD Croatia Loan

BlueSun (under Inclusive Tourism 

Framework for the Eastern Mediterranean) $93.00 Abstain

Weak additionality for upper middle 

income country.

1 B

28-Mar-18 EBRD EBRD Regional Equity

D-Marin International (under Inclusive 

Tourism Framework for the Eastern 

Mediterranean) $70.00 Abstain

Weak additionality, given support for 

high end tourism development.

1 B

28-Mar-18 EBRD EBRD Turkey Equity Project White $30.00 Abstain

Weak transition impact, additionality, 

and development impact

1 B

28-Mar-18 EBRD EBRD Turkey Loan Aksa Acrylic Filament $50.00 Abstain

Lack of financial additionality; minimal 

development impact.

1 B

28-Mar-18 ADB ADB Regional Grant

Improving Internet Connectivity for 

Micronesia Project $36.60 Support

B

28-Mar-18 ADB ADB Sri Lanka Loan

Skills Sector Enhancement Program - 

Additional Financing $100.00 Support

B

28-Mar-18 WB IFC India Loan

Azure Power Rooftop (GenCo.) Private 

Limited $45.00 Support

B

28-Mar-18 WB IDA Afghanistan Grant

Digital Central Asia South Asia (CASA) 

Project $51.00 Support

B

28-Mar-18 WB

IDA, Trust 

Fund Afghanistan Blend Afghanistan Sehatmandi Project $600.00 Support

B

28-Mar-18 EBRD EBRD Kazakhstan Loan Mobile Telecom – Service LLP $80.00 Support C

28-Mar-18 WB IDA Gambia Grant Education Sector Support Program Project $35.00 Support C

28-Mar-18 WB IDA Afghanistan Grant

Modernizing Afghan State-Owned Banks 

Project $40.00 Support

C

28-Mar-18 WB IFC China Loan

Chongqing Municipality Economic & 

Technology Development Zone Houze 

Small Loan Co. Ltd. $16.00 Abstain Does not meet basic human needs. 

8 FI-2

28-Mar-18 EBRD EBRD Regional Non-Financial

Inclusive Tourism Framework for the 

Eastern Mediterranean $0.00 Abstain

Weak additionality, given support for 

high end tourism development.

1 N/A

Page 4 of 5
MDB Votes 

March 2018 

29-Mar-18 WB IDA Burkina Faso Loan

Bagre Growth Pole Project Additional 

Financing $50.00 Support

62 A

29-Mar-18 WB IDA Madagascar Blend Basic Education Support Project $100.70 Support B

29-Mar-18 WB IDA Bangladesh Loan Sustainable Enterprise Project $129.00 Support B

29-Mar-18 WB IDA India Loan

India National Nutrition Mission - 

Additional Financing $200.00 Support

B

29-Mar-18 WB IDA Bangladesh Loan

Enhancement and Strengthening of Power 

Transmission Network in Eastern Region 

Project $450.64 Support

B

29-Mar-18 WB IFC Tanzania Equity

Pyramid Healthcare Mauritius Limited for 

the Pyramid Pacific Project $7.50 Support

B

29-Mar-18 WB MIGA Jordan Guarantee

Proposed Guarantee to Meridiam Eastern 

Europe Investment 2SAS for Investment in 

Airport International Group P.S.E. $80.00 Support

B

29-Mar-18 WB MIGA Regional Guarantee

Proposed Guarantees to Raiffeisen Bank 

International AG for Investments in 

Multiple Project Enterprises $366.00 No

Does not meet Pelosi disclosure or IFI 

Safeguard legislation.

9, 75 FI-1

29-Mar-18 WB IDA Pakistan Loan Pakistan Housing Finance Project $145.00 Support FI-2

29-Mar-18 WB IFC Jordan Loan

Jordan MicroCredit Companies for the 

Janweelum 3 Project $10.00 Support

FI-3

29-Mar-18 WB IFC Serbia Loan

Proposed Sale of IFC Loan to Victoria 

Group and its subsidiaries Sojaprotein A.D., 

Victoria Oil A.D., Victoria Logistic D.O.O., 

and Fertil D.O.O. $0.00 Support

N/A

29-Mar-18 WB MIGA Burma Guarantee

Guarantees for Investments in Sembcorp 

Myingyan Power Company Limited - 

Modification $30.00 Support

N/A

30-Mar-18 WB GEF Mexico Grant Sustainable Productive Landscapes Project $21.86 Support B

30-Mar-18 WB IBRD Mexico Blend

Energy Efficiency in Public Facilities 

Project (PRESEMEH) - additional fiancing 

and restructuring $55.79 Support

B

30-Mar-18 IDB MIF Costa Rica Grant

The Crystal Ball for Jobs of the Future in 

Costa Rica $1.00 Support

C

30-Mar-18 WB IFC Cape Verde Loan BCN $6.20 Support FI-2

30-Mar-18 WB IFC Bangladesh Loan ONE Bank Limited $50.00 Support FI-2

30-Mar-18 WB IFC Regional Guarantee BOA SME Risk Sharing Facilities $60.00 Support FI-2

30-Mar-18 WB IDA Bhutan Loan

First Programmatic Strengthening Fiscal 

Management and Private Sector 

Employment Opportunities Development 

Policy Credit $30.00 Support

N/A

Page 5 of 5