AUDIT COMMITTEE FROM: The Committee Secretary Minutes of Meeting held on Monday, November 12, 2018 at 3:03 p.m. in the Board Room Present Committee Mr. Gruber (Acting Chair) Mr. Alkhalaf (Alternate) Mr. Chotard (Alternate) Mr. Hwang Mr. Jimenez (Alternate) Mr. Kanczuk Mr. Mills (Temporary Alternate) Mr. Yoshida Other Executive Directors and Alternates Messrs./Mmes. Agapov, Alhosani, Bhuiyan, Carrigan, Cascino, Cipkute, Erdogan, Garay Estepa, Happe, Kachur, Nili, Rono, Tantitemit, Officers and Staff Messrs./Mmes. Assalini, Bravery, Frazier, Gouled, Himmo, Kumar-Capoor, Lauwers, Levy, Myers, Nejkov, Obuya, O’Connell and Venner. Jarik (Committee Secretary) Deloitte & Touche (External Auditors) Messrs./Mme. Bianchine, Jasek and Vanfossen IBRD/IDA, IFC and MIGA Financial Statements as of September 30, 2018 (Unaudited) 1. The Committee discussed the quarterly financial statements (unaudited) for (i) MIGA Condensed Quarterly Financial Statements – September 30, 2018 (Unaudited) (AC2018-0049), (ii) IFC Draft Management's Discussion and Analysis and Draft Condensed Consolidated Financial Statements – September 30, 2018 (Unaudited) (AC2018-0048), (iii) IBRD and IDA Management's Discussion & Analysis and Condensed Quarterly Financial Statements – September 30, 2018 (unaudited) (AC2018-0046/1) and the KPMG (External Auditors) Presentation on World Bank Group FY19 Q1 Audit (AC2018-0051). The WBG Controller’s Presentation: FY19 Q1 Financial Results: September 30, 2018 (AC2018-0050) served as background information for the discussion. A report from the Committee to the Board was prepared. Date of Next Meeting 2. The next meeting of the Committee was scheduled for December 3, 2018. Adjournment 3. The meeting adjourned at 5:25 p.m.