68996

                                      AUDIT COMMITTEE


FROM: The Secretary, Audit Committee

                     Minutes of Meeting held on Wednesday, January 25, 2012
                                 at 2:35 p.m. in the Board Room

Present:

Committee:
Ms. Mokate (Chair)
Mr. Cipollone
Mr. Manao
Mr. Prasad
Mr. Solomon
Mr. Studart
Ms. Thompson (Acting Alternate)
Ms. Touret (Alternate)

Other Executive Directors and Alternates
Messrs./Mmes. Ambroise, Baeten, Bamba, Bohan, Castro y Ortiz, Dhanpaul, Feidieker, Gooch, Kantor,
Kearns, Ladpli, Larose, Leost, MacDonald, Maddirala, Meredov, Mirjalili, Misyukovets, Mozayani,
Mufarrij, Nanu, Orlos, Ostos, Pasi, Perez Morales, Pribadi, Rissmann, Ruggerio, Szczuka, Tausch,
Thakur, Thompson, Ubelis, Vumendlini-Schalk and Zang

Officers and Staff
Messrs./Mmes. Baroudi, Dhar, Finneran, Frazier, Kiara, Mann, Mathur, Molina, Mountfield, Pulley,
Ramachandran, Sivaramakrishnan, Sundararaman, Wong and Berger (Committee Secretary)

Review of DPL-DDO Pricing Structure

1.    The Committee discussed the paper Review of DPL-DDO Pricing Structure (R2012-0005;
IDA/R2012-0010). The highlights and conclusions of its discussion were circulated to the Board
(AC/GS2012-0006).

Date of Next Meeting

2.        The Committee was scheduled to meet on February 8, 2012 to discuss Part B of the World Bank
Quarterly Business and Risk Review for FY12 Quarter 2, IAD FY12 Second Quarter Results Report and
the IBRD/IDA, IFC and MIGA Unaudited Financial Statements for FY12 Q2. In addition, the Committee
will be given an Update on Current Market Events and World Bank Group Finances.

Adjournment

3.     The meeting adjourned at 3:21 p.m.