88985
                                       BUDGET COMMITTEE


FROM: The Secretary, Budget Committee


                           Minutes of Meeting held on Monday, June 9, 2014
                                   at 2:34 p.m. in the Board Room

Present

Committee
Mr. Frieden (Chairman)
Mr. Grishin
Mr. Heemskerk
Ms. Hoven
Mr. Khosa (Alternate)
Ms. Lourenco (Alternate)
Mr. Tan
Mr. Willcock

Other Executive Directors and Alternates
Messrs./Mmes. Allawi, Bangura, Dufey, Fujii, Langdon, Le, MacDonald, Minxhozi, Orlos, Roberts,
Santala, Tchatchouang and Ye

Officers and Staff
Messrs/Mmes. Lauwers, Meighan, Mennel-Hartung, Meyer, Smith, Twose and Zeybel. Jarik
(Committee Secretary)


Aligning Resources for Impact: IFC FY15 Budget

1.      The Committee discussed the document entitled Aligning Resources for Impact: IFC FY15
Budget (IFC/R2014-0176). The document will be considered by the Board of Directors on June 24, 2014.
A report from the Committee to the Board was prepared.

Other Business

2.     The Committee had a brief discussion on Bunching of IDA Commitments in FY14 Q4 and Grant
Making Facilities

Date of Next Meeting

3.        The Committee was scheduled to meet on June 11, 2014.

Adjournment

4.        The meeting adjourned at 4:52 p.m.
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                         The following items have been approved by the
                       Budget Committee on an Absence of Objection Basis
                                         on June 6, 2014


Record of Previous Meetings

1.     The Committee recorded its approval on June 6, 2014 of the Minutes of the meetings held on
May 14 (BC/M2014-0008), May 19 (BC/M2014-0009), May 28 (AC/M2014-0009[BC/M2014-0010])
and May 30, 2014 (BC/M2014-0011[CODE/M2014-0008]).