Audit Committee (AC) Minutes of Meeting held on August 2, 2024 - Approved/Endorsed Items

Jul 19, 2026

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Audit Committee minutes document the August 2, 2024 meeting in the Board Room, detailing attendance by committee members, executive directors, officers, staff, and external auditors. The committee reviewed key World Bank Group-related financial materials, including draft management’s discussion and unaudited financial statements for MIGA, IFC, and IBRD/IDA, supported by integrated audit results and FY24 financial background. The record also notes the meeting’s adjournment at 12:20 p.m. and the subsequent July 29, 2024 absence-of-objection approvals.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages3

Reading Time8 min

Minutes of Meeting

Meeting purpose and reviewed documents

Adjournment

Approved/endorsed items (absence of objection)

Public Disclosure Authorized Public Disclosure Authorized AUDIT COMMITTEE FROM: The Committee Secretary Minutes of Meeting held on Friday, August 2, 2024 at 10:00 a.m. in the Board Room Present Committee Members: S. Saeed (Acting Chair) B. Guerini (Temporary Alternate) W. Yang (Alternate) H. Demircan S. Rawet B. Fleischman-Alaluf (Temporary Alternate) S. Lambasara (Alternate) S. Suter (Temporary Alternate) Other Executive Directors, Alternates, Senior Advisors and Advisors C. Acosta E. Amor A. Bucalossi A. Das O. Fuentes O. Graham Yamahuchi M. Krukowski A. Maleki A. Ouro Samah N. Putscher E. Sycheva H. Seifeldin E. Sta. Ana E. Tierney A. Tsuji M. Warren Officers and Staff T. Ceusters M. Child D. Dobrev B. Fischer J. Frazier F. Galizia T. Himmo D. Jerath A. Kant T. Obuya P. O’Connell S. Popuri Z. Venner H. Murai (Acting Committee Secretary) Deloitte (External Auditors) L. Bianchine C. Cristinzio IBRD/IDA, IFC and MIGA Unaudited Financial Statements and Draft Management's Discussion and Analysis-June 30, 2024 1. The Committee met to discuss the documents entitled “Multilateral Investment Guarantee Agency (MIGA): Draft Management's Discussion & Analysis and Unaudited Financial Statements – June 30, 2024”(MIGA/R2024-0090),“International Finance Corporation (IFC): Unaudited Consolidated Financial Statements and Draft Management's Discussion and Analysis-June 30, 2024” (IFC/R2024-0256), and “International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA): Unaudited Financial Statements and Draft Management’s Discussion & Analysis-June 30, 2024”(R2024-0176[IDA/R2024-0228]), together with the “Deloitte Presentation to the Audit Committee: The World Bank Group 2024 Integrated Audit Results”(AC2024-0025) . The “WBG MDCFO Presentation: FY24 Financial Results”(AC2024-0024) served as background information for the discussion. A report from the Committee to the Board was prepared. Adjournment 2. The meeting adjourned at 12:20 p.m. The following item(s) have been approved/endorsed by the Audit Committee on an Absence of Objection Basis on July 29, 2024 MIGA's FY24H1 Review of Guarantee Portfolio, Risk Management, Capital Adequacy and Limits (Revision) 1. On July 29, 2024, the Committee endorsed the document entitled “MIGA's FY24H1 Review of Guarantee Portfolio, Risk Management, Capital Adequacy and Limits (Revision)”(AC2024-0020/3) .

FAQs

What was the purpose of the Audit Committee meeting on August 2, 2024?

To discuss the draft management’s discussion and unaudited financial statements for MIGA, IFC, and IBRD/IDA, along with related integrated audit results and FY24 financial background.

When did the Audit Committee meeting adjourn?

The meeting adjourned at 12:20 p.m.

Which item was endorsed on an absence of objection basis on July 29, 2024?

MIGA’s FY24H1 review of guarantee portfolio, risk management, capital adequacy, and limits (revision).

Jul 19, 2026

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