74417
                                     AUDIT COMMITTEE


FROM: The Secretary, Audit Committee


                       Minutes of Meeting held on Wednesday, May 30, 2012
                                  at 4:36 p.m. in the Board Room

Present:

Committee
Mr. Cipollone (Acting Chair)
Mr. Ahmed (Acting Alternate)
Mr. Dhanpaul (Alternate)
Mr. Dufey (Acting Alternate)
Mr. Manao
Mr. Prasad
Mr. Solomon
Mr. Whitehead

Other Executive Directors and Alternates
Messrs./Mmes. Abdul Ghaffar, Alvarez, Ambroise, Baeten, Bamba, Bohan, Coronel, Dentana, Ferrari,
Gooch, Gordon, Jonsson, Knodler, Liu, MacDonald, Maddirala, Maor Shavit, Mirjalili, Nishino, Pant,
Pasi, Rissmann, Rosseel, Ruggiero, Szczuka, Tamozhnikov, Thakur, Ubelis and Zang

Officers and Staff
Messrs./Mmes. Bassani, De Leede, Frazier, Muleri, Qui, Serngadichaivit, Sikipa and Berger (Audit
Committee Secretary)

External Auditor (KPMG)
Mr. Sweeney and Ms. Talan

IDA Single-Currency Lending Pilot Program

1.    The Committee discussed the paper entitled IDA Single-Currency Lending Pilot Program
(IDA/R2012-0140). The highlights and conclusions of its discussion were circulated to the Board
(AC/GS2012-0024).

Record of Previous Approvals

2.    The Committee recorded its approval of the minutes of the meetings of January 18
(AC/M2012-0005), January 25 (AC/M2012-0006), February 29 (AC/M2012-0007[CODE/M2012-0011],
AC/M2012-0008), March 28 (AC/M2012-0009[BC/M2012-0007]), April 3, 2012 (AC/M2012-0010 and
AC/M2012-0011[BC/M2012-0008]).

Date of Next Meeting

3.      The Audit Committee was schedule to meet June 1, 2012. There will also be a Technical
Briefing on the IBRD/IDA and IFC Financial Statements preliminary figures in the morning that day.

Adjournment

4.     The meeting adjourned at 5:23 p.m.