62399
                                                                                                   OFFICIAL USE ONLY
                                                                                                         BC/M2011-0007
                                                                                                      CODE/M2011-0012
                                                                                                                     June 7, 2011



                                      BUDGET COMMITTEE
                            COMMITTEE ON DEVELOPMENT EFFECTIVENESS

FROM: The Secretaries, Budget Committee and
          Committee on Development Effectiveness

                        Minutes of the Joint Meeting Held on Wednesday, May 11, 2011
                                 at 10:04 a.m. in the Board Room (MC13-301)


Present:

           Committee
           Ms. Brandt (Chairperson)                                     Mr. Grishin
           Mr. Treffers (Co-Chairperson)                                Mr. Hasan
           Mr. Ayesu (Acting Alternate)                                 Mr. Hayashi
           Mr. Camarasa                                                 Ms. Hoven
           Mr. Dalrymple (Alternate)                                    Mr. Huber
           Mr. Dhanpaul (Alternate)                                     Mr. Kalyalya (Alternate)
           Mr. Frieden

           Other Executive Directors and Alternates
           Messrs./Mmes. Ahmed, Banda, Bangura, Barclay, Brown, Chroneos-Krasavac, Cipollone, Cisse,
           Cosenza Jimenez, Daza Foronda, Dentana, Delaney, Elfaki, Ferrari, Gehlen, Gerlag, Hernandez,
           Ibrahimi, Larose, Mammo, Mohamed, Mya, Nanu, Pasi, Pedro, Perez Morales, Proano, Renteria,
           Rosseel, Rothschild, Sawadogo, Schneller, Soderini, Stolorz, Storberg, Sycheva, Tchatchouang,
           Tellier, Terracol, Thakur, Viggiolo, von Kleist, Wakamatsu and Wang
           Officers and Staff
           Messrs./Mmes. Akin-Karasapan, Ainsworth, Boehmer, Chung, Dominguez, Fitzgerald,
           Golding, Gray, Gressani, Grossmann, Halpern, Huppi, Karlin, Khadr, Kolovou, Macharia,
           Natarajan, Ooi, Sundberg, Taylor-Dormond, Tenev, Thomas, Tominaga, Underwood,
           Wallich, Williams, Jarik (Secretary, Budget Committee) and Uehara (Secretary, CODE)


Distribution

           Committee                                                For Information
           Mr. Alzetta (MIGA)               Ms. Hoven               Other Executive Directors and Alternates
           Ms. Brandt                       Mr. Huber               President
           Mr. Camarasa                     Ms. Morin               Bank Group Senior Management
           Mr. Frieden                      Mr. Studart             Vice Presidents, Bank, IFC and MIGA
           Mr. Grishin                      Mr. Taha
           Mr. Hasan                        Mr. Talat
           Mr. Hayashi                      Mr. Treffers
This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents
may not otherwise be disclosed without World Bank Group authorization.
                                                   1               BC/M2011-0007; CODE/M2011-0012
                                                                        Joint Meeting of May 11, 2011

IEG Work Program and Budget (FY12) and Indicative Plan (FY13-14)
1.      The Committees met jointly to discuss the paper entitled IEG Work Program and Budget (FY12) and
Indicative Plan (FY13-14). The committees reported the highlights and conclusions of their discussion to
the Board (BC/GS2011-0010; CODE/GS2011-0014).
Date of Next Meeting
2.      The Budget Committee was scheduled to meet on May 16, 2011 to discuss the MIGA EVP Report
Q3FY11, and IFC Quarterly Report on Program, Portfolio and Financial Results - Q3FY11. CODE will
meet next on May 18, 2011 to discuss the DEC Research Program and Future Directions, and Leveraging
Trade for Development and Inclusive Growth – The World Bank Group Trade Strategy, 2011-2021.
Adjournment
3.     The meeting adjourned at 12:13 p.m.