AUDIT COMMITTEE


FROM: The Secretary, Audit Committee


                       Minutes of Meeting held on Wednesday, May 17, 2017
                                  at 2:34 p.m. in the Board Room

Present

Committee
Ms. Kunene (Chair)
Mr. Alkhudairy
Mr. Catzaras (Alternate)
Mr. Menashe (Temporary Alternate)
Mr. Garg
Mr. Schoenleitner (Alternate)
Mr. Mills (Temporary Alternate)
Ms. Yang (Temporary Alternate)

Other Executive Directors and Alternates
Messrs./Mmes. Ansorena Montero, Cascino, Cowie, Dravniece, Engozogo Mba, Gruber, Hoettcke,
Khosa, Lestari, Lu, Lye, Marks, Mufarrij, Nili, Tantitemit, Tazaki, Thermann, Torero and Trepanier

Officers and Staff
Messrs./Mmes. Ahmed, Choo, Cieslik, Cumming, De Leede, Dore, Frazier, Gouled, Graham, Guimaraes,
Lawley, Lin, Prouvost, Thomas, Yew, Zavar and Zelenko. Jarik (Committee Secretary)


IFC’s Quarterly Risk Report FY17 Q3

    1. The Committee discussed the document entitled IFC’s Quarterly Risk Report FY17 Q3
       (AC2017-0021). A report from the Committee to the Board will be prepared.

The World Bank Quarterly Business and Risk Review, Quarter 3 FY17 (Part B)

    2. The Committee discussed the document entitled The World Bank Quarterly Business and Risk
       Review, Quarter 3 FY17 (Part B) (SecM2017-0162[IDA/SecM2017-0074]) and World Bank
       Group Overview of Financial Performance, Operational Deliverables, and Staffing, Q3 FY17
       (“The Chapeau�) (SecM2017-0163[IDA/SecM2017-0075, IFC/SecM2017-0061,
       MIGA/SecM2017-0049]). A report from the Committee to the Board will be prepared.

Date of Next Meeting

    3. The next meeting of the Committee was scheduled for May 24, 2017.

Adjournment

    4. The meeting adjourned at 5:01 p.m.