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The Chair and members reviewed an IBRD review of the statutory lending limit and supported preparation of a report to the Board. The committee adjourned at 3:41 p.m. Additional items were reviewed without a meeting, including IFC portfolio and risk reporting for FY20 Q2 and World Bank quarterly business and risk review materials for the same quarter.","Public Disclosure Authorized Public Disclosure Authorized  \nAUDIT COMMITTEE  \nFROM: The Committee Secretary  \nMinutes of Virtual Meeting held on Wednesday, March 18, 2020 at 2:30 p.m. via WebEx  \nPresent  \nCommittee  \nMr. Alogeel (Chair)  \nMs. Bouzis (Temporary Alternate)  \nMr. Chavez Presa  \nMr. Chotard (Alternate)  \nMr. Gruber  \nMr. Hwang  \nMr. Nishikata (Alternate) Ms. Shuaibu  \nOther Executive Directors and Alternates  \nMessrs./Mmes. Agapov, Bojang, Bucalossi, Carrigan, Castedo, Cavallari, de Boer, Dravniece, Freeman, Heuser, Hosseini, Knotkova, Mufarrij, Subramani, Tago, Tantitemit and Wang  \nOfficers and Staff  \nMessrs./Mmes. Chirimar, Frazier, Guimbert, Myers, Nishio, Richardson, Salinas, Shyam-Sunder, Sundararaman, Thomas and Zhang. Jarik (Committee Secretary)  \nIBRD-Review of Statutory Lending Limit  \n1. The Committee discussed the document entitled “IBRD-Review of Statutory Lending Limit”(AC2020-0012) . A report from the Committee to the Board was prepared.  \nAdjournment  \n2. The meeting adjourned at 3:41 p.m.  \nThe following item(s) were Reviewed without a meeting  \nby the Audit Committee  \non March 18, 2020  \nIFC Portfolio and Risk Report FY20 Q2  \n1. On March 18, 2020, the Committee reviewed without a meeting the document entitled “IFC Portfolio and Risk Report FY20 Q2”(AC2020-0013) . A report from the Committee to the Board was prepared.  \nThe World Bank Quarterly Business and Risk Review-Quarter 2 FY20 (Part B)  \n2. On March 18, 2020, the Committee reviewed without a meeting the documents entitled “The World Bank Quarterly Business and Risk Review-Quarter 2 FY20 (Part B)”(SecM2020-0036[IDA/SecM2020- 0045]), together with the “World Bank Group Overview of Financial Performance, Operational Deliverables and Staffing – FY20 Q2”(The Chapeau) (SecM2020-0035[IDA/SecM2020-0044,  \nIFC/SecM2020-0016, MIGA/SecM2020-0014]) . A report from the Committee to the Board was prepared.","cbCaiqJiAmNecXNz","https://ap.wps.com/l/cbCaiqJiAmNecXNz","pdf",170366,6,1,2,"English","en",105,"# Meeting Details\n## Participants\n# Agenda and Resolutions\n## IBRD-Review of Statutory Lending Limit\n## Adjournment\n# Items Reviewed Without a Meeting\n## IFC Portfolio and Risk Report FY20 Q2\n## The World Bank Quarterly Business and Risk Review - Quarter 2 FY20 (Part B)","[{\"question\":\"When and how was the Audit Committee meeting held?\",\"answer\":\"The virtual meeting was held on Wednesday, March 18, 2020 at 2:30 p.m. via WebEx.\"},{\"question\":\"What did the committee review during the meeting?\",\"answer\":\"The committee discussed “IBRD-Review of Statutory Lending Limit” and supported preparation of a report to the Board.\"},{\"question\":\"Which items were reviewed without a meeting after adjournment?\",\"answer\":\"The committee reviewed “IFC Portfolio and Risk Report FY20 Q2,” and “The World Bank Quarterly Business and Risk Review-Quarter 2 FY20 (Part B),” along with World Bank Group overview of financial performance materials.\"}]","Audit Committee - 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