AUDIT COMMITTEE

FROM: The Committee Secretary


                       Minutes of Meeting held on Wednesday, October 3, 2018
                                  at 10:08 a.m. in the Board Room

Present

Committee
Ms. Kunene (Chair)
Mr. Alkhalaf (Alternate)
Mr. Chotard (Alternate)
Mr. Heemskerk
Mr. Jimenez
Mr. Schoenleitner (Alternate)
Ms. Subramani
Mr. Yang

Other Executive Directors and Alternates
Messrs./Mmes. Alvarez, Bilbeisi, Carrigan, Cipkute, Cowie, Dravniece, Happe, Koumtingue, Mills,
Mufarrij, Pagano, Pg Matarsat, Rono, Tantitemit, Tazaki, White and Zajdel-Kurowska

Officers and Staff
Messrs./Mmes. Bravery, D’Angelo, Fakhoury, Frazier, Graham, Himmo, Jourdanet, Keicho, Lagbaja,
Myers, Narayanan, Nejkov and Tuanda. Jarik (Committee Secretary)


Internal Audit Vice Presidency (IADVP): Annual Report - Fiscal Year 2018 (Draft), and the
Quarter 4 Results Report – Fiscal Year 2018

1.     The Committee discussed the documents entitled Internal Audit Vice Presidency (IADVP):
Annual Report - Fiscal Year 2018 (Draft) (AC2018-0039), and the Quarter 4 Results Report – Fiscal
Year 2018 (AC2018-0040). A report from the Committee to the Board was prepared.

IFC FY18 Portfolio and Risk Report (PRR)

2.    The Committee discussed the document entitled IFC FY18 Portfolio and Risk Report (PRR)
(AC2018-0042). A report from the Committee to the Board was prepared.

Date of Next Meeting

3.        The Committee was scheduled to meet on October 29, 2018.

Adjournment

4.        The meeting adjourned at 12:42 p.m.
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                      The following items have been approved and endorsed
                     by the Audit Committee on an Absence of Objection Basis
                       between September 20, 2018 and September 21, 2018



Information Statement for 2018 - International Bank for Reconstruction and Development

1.     The Committee recorded its endorsement on September 20, 2018 of the document entitled
Information Statement for 2018 - International Bank for Reconstruction and Development (AC2018-0037).

Information Statement for 2018 - International Development Association

2.     The Committee recorded its endorsement on September 20, 2018 of the document entitled
Information Statement for 2018 - International Development Association (AC2018-0038).

Minutes of Previous Meetings

3.    The Committee recorded its approval on September 21, 2018 of the minutes of the meetings held
November 20, 2017 (AC/XM2018-0003), February 12, 2018 (AC/M2018-0005), February 15, 2018
(AC/M2018-0006), and March 30, 2018 and record of endorsement on February 26, 2018
(AC/M2018-0007).