Governing Council Report Forty-first Session Rome, 13-14 February 2018 Document: GC 41 Date: 2 July 2018 Distribution: Public E Original: English Governing Council Report Forty-first Session Rome, 13-14 February 2018 GC 41 Contents CHAPTER 1 PARAGRAPHS PAGES Inauguration and proceedings 1-18 1-2 A. Opening of the session and inaugural meeting 3 1 B. Agenda and documentation 4 1 C. Election of the Bureau of the Governing Council 5 1 D. Inaugural meeting of the session 6-10 1-2 E. Statement by the President of IFAD 11 2 F. Interactive sessions and special events 12-15 2 G. General statements 16 2 H. Closure of the session 17-18 2 CHAPTER 2 Decisions of the Governing Council 19-39 3-5 A. Report on the Tenth Replenishment of IFAD's 19-22 3 Resources B. Consolidated financial statements of IFAD for 23 3 2016 C. Amendments to the Policies and Criteria for 24-25 3 IFAD Financing D. Review of the adequacy of the level of the 26 3 General Reserve E. IFAD’s 2018 results-based programme of work 27-28 3 and regular and capital budgets, the Independent Office of Evaluation of IFAD’s results based work programme and budget for 2018 and indicative plan for 2019 2020, and the HIPC and PBAS progress reports F. Amendment to the Agreement Establishing 29 4 IFADG. IFAD's 2017 results-based programme of work and regular and capital budgets, the Independent Office of Evaluation of IFAD’s results-based work programme and budget for 2017 and indicative plan for 2018-2019, and the HIPC and PBAS progress reports G. Proposal for the revision of the established 30-31 4 good practice for the process leading to future appointments of the President of IFAD H. Election of members and alternate members of 32-38 4 the Executive Board I. Eleventh Replenishment of IFAD’s Resources 39 5 CHAPTER 3 Summary records 40-382 6-58 (i) First meeting – 13 February 2018 40-93 6-13 (ii) Second meeting – 13 February 2018 94-202 14-31 (iii) Third meeting – 14 February 2018 203-310 32-48 (iv) Fourth meeting – 14 February 2018 311-382 49-58 i GC 41 CHAPTER 4 PAGES Statements and special addresses 59-82 Opening Statement by His Excellency 63-64 Hans Hoogeveen, Chairperson of the forty-first session of the Governing Council of IFAD Welcoming statement by the President of IFAD to 65 Her Excellency Sheikh Hasina, Prime Minister of the People's Republic of Bangladesh Keynote address by Her Excellency Sheikh Hasina, 66-68 Prime Minister of the People's Republic of Bangladesh Welcoming statement by the President of IFAD to 69 His Excellency, José Berly Arista Arbildo, Minister for Agriculture and Irrigation of the Republic of Peru Keynote address by His Excellency José Berly 70-74 Arista Arbildo, Minister for Agriculture and Irrigation of the Republic of Peru 75-77 Statement by the President of IFAD, Mr Gilbert Houngbo 78-79 Closing statement by the President of IFAD, Mr Gilbert Houngbo 80-82 Closing statement by His Excellency Hans Hoogeveen, Chairperson of the forty-first session of the Governing Council of IFAD HAPTER C 5 General statements 83-147 84-85 Algeria 86 Angola 87 Argentina 88 Austria 89 Belgium on behalf of Benelux 90 Botswana 91-92 Burkina Faso 93 Cambodia 94-95 Cameroon 96 Canada 97-98 China 99 Colombia ii GC 41 100 Cuba 101-102 Egypt 103 Eritrea 104 Fiji 105 France 106-107 Gabon 108-109 Germany 110-111 Ghana 112-113 Guinea 114-115 Iceland on behalf of the Nordic Countries 116 India 117-118 Indonesia 119-120 Jordan 121 Republic of Korea 122-123 Lesotho 124 Mexico 125-126 Nepal 127-128 Nicaragua 129-130 Qatar 131 Somalia 132 South Africa 133 Spain 134 Sri Lanka 135 Sudan 136-137 Togo 138-139 Tunisia 140-141 Uganda 142 United Kingdom 143 United States of America 144 Bolivarian Republic of Venezuela 145-146 Yemen 147 Zambia iii GC 41 Annexes I. Delegations at the forty-first session of the Governing 148-221 Council II. Agenda and programme of events 222-226 III. List of documents placed before the forty-first session 227 of the Governing Council IV. Resolutions adopted by the Governing Council at its 228-245 fortieth session iv GC 41 Chapter 1 Inauguration and proceedings 1. The forty-first session of the Governing Council of IFAD was held in Rome on 13- 14 February 2018. The list of participants is attached as annex I. 2. The Council held a total of four meetings, the summary records of which are contained in chapter 3, part A. A. Opening of the session and inaugural meeting 3. The session was opened by Mr Subhash Chandra Garg, Chairperson of the Governing Council and Governor for the Republic of India. B. Agenda and documentation 4. The Governing Council adopted the agenda, shown together with the programme of events for the session in annex II. The documents placed before the Council are listed in annex III. The resolutions adopted by the Governing Council appear in annex IV. C. Election of the Bureau of the Governing Council 5. In accordance with rule 12 of the Rules of Procedure of the Governing Council, an election was held by the Council from among its Governors for a new Bureau, for a term of office of two years, with results as follows: Chairperson: H.E. Hans Hoogeveen Ambassador Permanent Representative of the Kingdom of the Netherlands to the United Nations Organizations for Food and Agriculture in Rome Vice-Chairpersons: H.E. Maria Cristina Boldorini Ambassador Permanent Representative of the Republic of Argentina to the United Nations Organizations for Food and Agriculture in Rome Mr Rionald Silaban Senior Adviser to the Minister for Finance on Macro Economy and International Finance Ministry of Finance of the Republic of Indonesia D. Inaugural meeting of the session 6. H.E. Hans Hoogeveen, Ambassador and Permanent Representative of the Kingdom of the Netherlands to the United Nations Organizations for Food and Agriculture in Rome and Chairperson of the Governing Council, opened the forty-first session of the Governing Council. 7. Mr Gilbert F. Houngbo, President of IFAD, welcomed the special guests to the inaugural meeting of the session. This welcoming statement is reproduced in chapter 4. 8. H.E. António Guterres, Secretary-General of the United Nations, delivered a keynote address by video message. This address is reproduced in full in chapter 4. 9. H.E. Sheikh Hasina, Prime Minister of the People's Republic of Bangladesh, delivered a keynote address. This address is reproduced in full in chapter 4. 1 GC 41 10. H.E. José Berly Arista Abildo, Minister for Agriculture and Irrigation of the Republic of Peru, delivered a key note address on behalf of Pedro Pablo Kuczynski Godard, President of the Republic of Peru. This address is reproduced in full in chapter 4. E. Statement by the President of IFAD 11. The full text of President Houngbo’s statement to the Governing Council appears in chapter 4. F. Interactive sessions and special events 12. Three interactive panel discussions were held on “From fragility to long-term resilience‟; “Multilateralism: Opportunities and challenges”; and on “Investing in rural youth‟. 13. Furthermore, a conversation was held with H.E. Dr Olusegun Obasanjo GCFR, former President of the Federal Republic of Nigeria on “A perspective on fragility”. 14. The third edition of the IFAD Lecture Series, featured Mr J.J. Messner, Executive Director of the Washington, D.C.-based Fund for Peace. The lecture, entitled “We need to talk about state fragility”, defined state fragility and discussed how to measure it, so that effective policy responses can be developed to improve countries' resilience to challenges from climate change to social conflict. 15. Details of the discussions at the Governing Council events can be found in the summary records, reproduced in chapter 3, part A. G. General statements 16. New procedures were introduced as of the forty-first session of the Governing Council, whereby general statements no longer feature in the agenda of the Council. Under the new procedures, three options are available for Member States to share statements, namely, submission of a pre-recorded video statement, recording of a video statement at the on-site studio during the week of the Governing Council, or the submission of a statement in text form. Of the forty-four statements submitted, one was a pre-recorded statement, twelve statements were recorded at IFAD and thirty-one were submitted in text form. The text of all statements (whether video-recorded or written) are reproduced in full in chapter 3, part C. H. Closure of the session 17. The President of IFAD presented closing remarks to the Council; these are reproduced in full in chapter 4. 18. The Chairperson of the Governing Council, H.E. Hans Hoogeveen, summarized the results of the Council’s main deliberations and then closed the forty-first session of the Governing Council. The text of the closing statement is reproduced in full in chapter 4. 2 GC 41 Chapter 2 Decisions of the Governing Council A. Report on the Tenth Replenishment of IFAD's Resources 19. The Governing Council noted the Report on the status of the Tenth Replenishment of IFAD’s Resources (IFAD10) contained in document GC 41/L.2. 20. The Council was informed that pledges received for IFAD10, at the date of the report, amounted to US$1.1 billion, and there had been no additional pledge since the date of the report.