AUDIT COMMITTEE


FROM: The Secretary, Audit Committee


                    Minutes of Meeting held on Wednesday, February 22, 2017
                                at 2:35 p.m. in the Board Room

Present

Committee
Ms. Kunene (Chair)
Mr. Alkhudairy
Mr. Catzaras (Alternate)
Mr. Godts
Mr. Heemskerk
Mr. Mills (Temporary Alternate)
Mr. Mittal (Temporary Alternate)
Mr. Yang

Other Executive Directors and Alternates
Messrs./Mmes. Ansorena Montero, Cascino, Desrochers, Dravniece, Engozogo Mba, Filartiga Cantero,
Gruber, Hoettcke, Marks, Mufarrij, Ncube, Nili, Pagano, Senic, Souk Aloun, Tazaki and Yeom

Officers and Staff
Messrs./Mmes. Child, Fielder, Frazier, Keicho, Lagbaja, Lauwers, McCarthy, Mikhlin-Oliver, Myers,
Naka, Narayanan, Tuanda and Zimmermann. Jarik (Committee Secretary)


Increasing the Frequency of Variable Spread Reset for IBRD IFLs

   1. The Committee discussed the document entitled Increasing the Frequency of Variable Spread
      Reset for IBRD IFLs (R2017-0034). A report from the Committee to the Board was prepared.

Internal Audit Vice Presidency (IADVP): Quarter 2 Results Report – Fiscal Year 2017

   2. The Committee discussed the document entitled Internal Audit Vice Presidency (IADVP):
      Quarter 2 Results Report – Fiscal Year 2017 (AC2017-0006). A report from the Committee to
      the Board was prepared.

Quarterly Report of the Integrity Vice Presidency: Fiscal Year (FY) 2017, Quarter 2
(October 2016 - December 2016)

   3. The Committee discussed the document entitled Quarterly Report of the Integrity Vice
      Presidency: Fiscal Year (FY) 2017, Quarter 2 (October 2016 - December 2016) (AC2017-0008).
      A report from the Committee to the Board was prepared.

Date of Next Meeting

   4. The next meeting of the Committee was scheduled for March 15, 2017.

Adjournment

   5. The meeting adjourned at 4:56 p.m