Simplify the following text for a Grade 10 native English-speaking person.
Original: The Executive Directors , representing the Bank 's member countries , make up the Board of Directors , usually meeting twice a week to oversee activities such as the approval of loans and guarantees , new policies , the administrative budget , country assistance strategies and borrowing and financing decisions .
Simplified: The Executive Directors , represent the Bank 's member countries . They make up the Board of Directors and usually meet twice a week to approve and discuss loans and guarantees , new policies , the budget , ways to help countries and other important decisions .