2023-11-09T13:01:15-06:00 2022-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2022-01-01 521289843 INSTITUTE OF INTERNATIONAL FINANCE INC INST 2028573600 1333 H STREET NW 800E WASHINGTON DC 20005 BARRIE ORELLANA MANAGING DIRECTOR 2028573600 2023-11-09 1 BARRIE ORELLANA XXX-XX-XXXX 0 FRANK H SMITH P00639053 2022274000 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TIMOTHY D ADAMS 1333 H STREET NW 800E WASHINGTON DC 20005 33663378 0 X WWW.IIF.COM X 1983 DC TO SUPPORT FINANCIAL INDUSTRY IN PRUDENTLY MANAGING RISKS AND TO FOSTER GLOBAL FINANCIAL STABILITY. 48 47 83 47 0 0 3773200 0 29953721 30741239 1866886 1411483 518790 97970 36112597 32250692 0 0 0 0 23089642 23095384 0 0 0 11322449 9509983 34412091 32605367 1700506 -354675 47107138 42189455 15824901 16755165 31282237 25434290 X SEE SCHEDULE O. 0 0 RESEARCH ON EM ECONOMIC/FINANCIAL RISKS AND DEBT-RELATED ISSUES. WE PROVIDED OUR MEMBERS WITH RESEARCH ON A WIDE RANGE OF TOPICS IN 2022, INCLUDING INVESTIGATING HOW GEOPOLITICAL TRENDS, INCLUDING THE WAR IN UKRAINE AND CHINA'S POTENTIAL RE-OPENING, HAVE SHIFTED CROSS-BORDER CAPITAL FLOWS AND IMPACTED GLOBAL DEBT DYNAMICS. WE RESEARCHED HOW HIGH COMMODITY PRICES, ESPECIALLY ENERGY PRICES, RISING INTEREST RATES, HIGH SOVEREIGN BORROWING NEEDS AND SLOWER ECONOMIC GROWTH POSE RISKS FOR FINANCIAL STABILITYPARTICULARLY FOR EMERGING AND FRONTIER MARKETS. WE DEEPENED OUR CROSS-COUNTRY RESEARCH OFFERINGS WHILE CREATING RELEVANT COUNTRY ANALYSES, FOR EXAMPLE, ON CHINA, RUSSIA AND UKRAINE, TURKEY, COLOMBIA, BRAZIL, AND FRONTIER MARKETS SUCH AS EGYPT. ON THE POLICY SIDE, WE PROMOTED GLOBAL EFFORTS TO ENHANCE THE INTERNATIONAL SOVEREIGN DEBT ARCHITECTURE WHILE CLOSELY MONITORING IMPLEMENTATION OF THE RECENTLY UPDATED IIF PRINCIPLES FOR STABLE CAPITAL FLOWS AND FAIR DEBT RESTRUCTURING A MARKET-BASED FRAMEWORK FOR DEBT CRISIS PREVENTION AND RESOLUTION, FOSTERING ENHANCED DEBT TRANSPARENCY AND ESG CONSIDERATIONS IN SOVEREIGN DEBT MARKETS. REGULATORY ADVOCACY AND POST-PANDEMIC REGULATORY REVIEW. THE IIF IS THE LEADING VOICE FOR THE FINANCIAL SERVICES INDUSTRY ON GLOBAL REGULATORY AND POLICY ISSUES. THE IIF ENGAGES CONTINUOUSLY AND CONSTRUCTIVELY WITH GLOBAL STANDARD SETTERS AND OTHER POLICYMAKERS THROUGH FORMAL SUBMISSIONS, STAFF PAPERS AND REPORTS, AS WELL AS THROUGH REGULAR DIALOGUE, TARGETED EVENTS, INDUSTRY SURVEYS, AND PODCASTS. WE HELP SHAPE THE GLOBAL POLICY AND REGULATORY AGENDA BY PROVIDING INDUSTRY INPUT AND FEEDBACK ON CRITICAL ISSUES SUCH AS SUSTAINABLE FINANCE, INTERNATIONAL CAPITAL AND LIQUIDITY STANDARDS FOR BANKS AND INSURERS, RESOLUTION, NON-BANK FINANCIAL INTERMEDIATION, ACCOUNTING STANDARDS, COMBATTING FINANCIAL CRIME, OPERATIONAL RESILIENCE, CYBER SECURITY, AND CRYPTO-ASSETS. GLOBAL POLICY INITIATIVES ON ESG, SUSTAINABILITY AND CLIMATE FINANCE. AMONG THE MANY TOPICS WE ADDRESSED IN 2022 WAS THE CLIMATE AND THE CAPITAL STRUCTURE. WE ALSO PUSHED FOR GREATER DISCLOSURE AND TAXONOMY STANDARDIZATIONWITH ALIGNMENT ACROSS JURISDICTIONSDEPLOYING A POLITICALLY NEUTRAL AND TRANSITION-SUPPORTIVE COMMUNICATION CAMPAIGN ON THE ROLE OF ESG. WE ADVOCATED FOR A PRAGMATIC, NON-PRESCRIPTIVE, AND APPROPRIATELY SEQUENCED APPROACH TO TRANSITION PLANNING, HIGHLIGHTING THE IMPORTANCE OF TRANSITION FINANCE FOR OUR MEMBERS ACROSS SECTORS, AND THE NEED TO SCALE BLENDED FINANCE FOR EMERGING MARKETS. WE WERE HIGHLY VISIBLE AT COP27 AND WERE AND REMAIN ACTIVELY ENGAGED WITH GFANZ, THE NGFS AND THE MYRIAD CLIMATE RELATED ORGANIZATIONS AND ARRANGEMENTS. WE ALSO CONTINUED OUR WORK ON ADVANCING VOLUNTARY CARBON MARKETS TO ENABLE PARTICIPANTS IN THE GLOBAL ECONOMY TO MEET THEIR NET-ZERO TRANSITION TARGETS. DIGITAL REGULATION AND INNOVATION. IN 2022, WE ADVOCATED FOR OUR MEMBERS' ABILITY TO USE EMERGING TECHNOLOGIES, INCLUDING DISTRIBUTED LEDGER TECHNOLOGY (DLT), TO IMPROVE PROCESSES AND OFFER A WIDE VARIETY OF PRODUCTS AND SERVICES, INCLUDING CRYPTO, IN A MANNER THAT IS COMPETITIVE WITH NON-INCUMBENT ENTITIES, ENSURING THE SAFETY AND SOUNDNESS OF THE FINANCIAL ECOSYSTEM. WE ALSO ADVOCATED THAT ANY CENTRAL BANK DIGITAL CURRENCIES (CBDCS) BE FIT FOR PURPOSE, APPROPRIATELY DESIGNED, AND MAINTAIN THE CRITICAL ROLE OF PRIVATE SECTOR INTERMEDIARIES. OPEN DATA FRAMEWORKS, THE FREE FLOW OF DATA ACROSS BORDERS, AND USE OF PIVOTAL TECHNOLOGIES SUCH AS ARTIFICIAL INTELLIGENCE WERE ALSO ESSENTIAL POINTS FOR ADVANCEMENT. MEMBER SERVICES AND WORLD-CLASS EVENTS. AS THE WORLD OPENED AND WE COULD OPERATE IN A SAFE AND PRUDENT MANNER, WE RE-LAUNCHED OUR IN-PERSON EVENTS (THE FIRST IN TWO YEARS), STARTING WITH THE EUROPEAN SUMMIT IN BRUSSELS IN MAY. OVER THE SECOND HALF OF THE YEAR, WE WERE ABLE TO STAGE NUMEROUS, HIGHLY EFFECTIVE EVENTS FROM LONDON TO SINGAPORE TO FRANKFURT, WITH OUR CAPSTONE ANNUAL MEMBERSHIP MEETING OCCURRING IN WASHINGTON. THE WASHINGTON EVENT OUR LARGEST MOST COMPLEX EVENT IN YEARS WAS A HUGE SUCCESS: 60 SESSIONS OVER FIVE DAYS, OVER 1,300 ATTENDEES AND INCLUDING 250+ CEOS, CHAIRS, AND OTHER C-SUITE EXECUTIVES. WE ALSO HAD A GREAT TURNOUT OF OVER 245 PUBLIC SECTOR OFFICIALS, INCLUDING THE GOVERNOR OF THE BANK OF ENGLAND, THE PRESIDENT OF THE ECB, AND NUMEROUS OTHER CENTRAL BANK AND FINANCE MINISTRY OFFICIALS. FOR THE YEAR, WE HAD MORE THAN 9,200 GUESTS IN ATTENDANCE AT 104 IIF EVENTS FEATURING 770 INDUSTRY EXECUTIVES. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 29 0 1 83 1 0 1 CH SN 0 0 0 0 1 0 X 48 47 0 0 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 1 0 0 X BARRIE ORELLANA 2028573316 1333 H STREET NW 800E WASHINGTON DC 20005 TIMOTHY D ADAMS PRESIDENT/CEO 40.00 X X 3036090 0 53003 ANA BOTIN CHAIRMAN 2.00 X X 0 0 0 SIM TSHABALALA VICE CHAIR. AND TREAS. 2.00 X X 0 0 0 MICHEL M LIES VICE CHAIRMAN 2.00 X X 0 0 0 PIYUSH GUPTA VICE CHAIRMAN 2.00 X X 0 0 0 OLIVER BATE BOARD DIRECTOR 2.00 X 0 0 0 THOMAS BUBERL BOARD DIRECTOR 2.00 X 0 0 0 WILLIBALD CERNKO BOARD DIRECTOR 2.00 X 0 0 0 SIQING CHEN BOARD DIRECTOR 2.00 X 0 0 0 SUZAN SABANCI DINCER BOARD DIRECTOR 2.00 X 0 0 0 JOHN DUGAN BOARD DIRECTOR 2.00 X 0 0 0 SERGIO ERMOTTI BOARD DIRECTOR 2.00 X 0 0 0 MILTON MALUHY FILHO BOARD DIRECTOR 2.00 X 0 0 0 DOUGLAS FLINT BOARD DIRECTOR 2.00 X 0 0 0 SAEED AL-GHAMDI BOARD DIRECTOR 2.00 X 0 0 0 PETER KING BOARD DIRECTOR 2.00 X 0 0 0 MASAHIRO KIHARA BOARD DIRECTOR 2.00 X 0 0 0 MANFRED KNOF BOARD DIRECTOR 2.00 X 0 0 0 ABDULLA AL-KHALIFA BOARD DIRECTOR 2.00 X 0 0 0 AXEL LEHMANN BOARD DIRECTOR 2.00 X 0 0 0 JEAN LEMIERRE BOARD DIRECTOR 2.00 X 0 0 0 DAVID MCKAY BOARD DIRECTOR 2.00 X 0 0 0 KANETSUGU MIKE BOARD DIRECTOR 2.00 X 0 0 0 JUAN CARLOS MORA URIBE BOARD DIRECTOR 2.00 X 0 0 0 RONALD O'HANLEY BOARD DIRECTOR 2.00 X 0 0 0 TETSUO OHKUBO BOARD DIRECTOR 2.00 X 0 0 0 ANTONIO HORTA-OSARIO BOARD DIRECTOR - UNTIL 01/2022 2.00 X 0 0 0 FREDERIC OUDEA BOARD DIRECTOR 2.00 X 0 0 0 PIETRO CARLO PADOAN BOARD DIRECTOR 2.00 X 0 0 0 EDWARD PICK BOARD DIRECTOR 2.00 X 0 0 0 DANIEL PINTO BOARD DIRECTOR 2.00 X 0 0 0 ANNE RICHARDS BOARD DIRECTOR 2.00 X 0 0 0 ALISON ROSE BOARD DIRECTOR 2.00 X 0 0 0 HANA AL-ROSTAMANI BOARD DIRECTOR 2.00 X 0 0 0 TATSUFUMI SAKAI BOARD DIRECTOR - UNTIL 02/2022 2.00 X 0 0 0 CHARLES SCHARF BOARD DIRECTOR 2.00 X 0 0 0 CHRISTIAN SEWING BOARD DIRECTOR 2.00 X 0 0 0 BERNHARD SPALT BOARD DIRECTOR - UNTIL 07/2022 2.00 X 0 0 0 OLAUG SVARVA BOARD DIRECTOR 2.00 X 0 0 0 MAKOTO TAKASHIMA BOARD DIRECTOR 2.00 X 0 0 0 JESSICA TAN BOARD DIRECTOR 2.00 X 0 0 0 JOHAN TORGEBY BOARD DIRECTOR 2.00 X 0 0 0 CARLOS TORRES-VILA BOARD DIRECTOR 2.00 X 0 0 0 MARK TUCKER BOARD DIRECTOR 2.00 X 0 0 0 SHRITI VADERA BOARD DIRECTOR 2.00 X 0 0 0 C S VENKATAKRISHNAN BOARD DIRECTOR 2.00 X 0 0 0 JOSE VINALS BOARD DIRECTOR 2.00 X 0 0 0 ROBIN VINCE BOARD DIRECTOR 2.00 X 0 0 0 JOHN WALDRON BOARD DIRECTOR 2.00 X 0 0 0 SHEMARA WIKRAMANAYAKE BOARD DIRECTOR 2.00 X 0 0 0 HELEN WONG BOARD DIRECTOR 2.00 X 0 0 0 AXEL WEBER BOARD DIRECTOR - UNTIL 10/2022 2.00 X 0 0 0 THOMAS GIBBONS BOARD DIRECTOR - UNTIL 09/2022 2.00 X 0 0 0 BARRIE ORELLANA MANAGING DIRECTOR 35.00 X 516722 0 53003 CLAY LOWERY EXECUTIVE VICE PRESIDENT 40.00 X 1076712 0 53003 ANDRES PORTILLA MANAGING DIRECTOR 40.00 X 878896 0 52909 ROBIN BROOKS MANAGING DIRECTOR 40.00 X 665800 0 39042 SONJA GIBBS MANAGING DIRECTOR 40.00 X 659450 0 30751 JESSICA RENIER MANAGING DIRECTOR 40.00 X 586000 0 39042 MARTIN BOER SENIOR DIRECTOR 40.00 X 546870 0 45968 CHRISTOPHER FULGHUM MANAGING DIRECTOR 40.00 X 523078 0 53003 ELIZABETH ROBERTS GENERAL COUNSEL 40.00 X 538357 0 30500 ELINA RIBAKOVA DEPUTY CHIEF ECONOMIST 40.00 X 521745 0 18300 MARY FRANCES MONROE DIR., INSURANCE REG. AND POLICY 40.00 X 502171 0 31364 10051891 0 499888 48 0 1 0 WOLFGANG ENGEL REISBERGERWEG 7 83700 ROTTACHEGERN GM 83700 CONSULTANT 491376 BLOOMBERG LP 731 LEXINGTON AVENUE NEW YORK NY 10022 DATA SUBSCRIPTION SERVICES 295979 QUINCE IMAGING 22601 DAVIS DRIVE STERLING VA 20164 A/V SERVICES 285405 JEREMY MCDANIELS 3819 WEST 21ST AVENUE VANCOUVER CA V6S1H5 CONSULTANT 283420 LAURENCE F WHITE 105 MCCONNELL STREET KENSINGTON AS VIC 3031 CONSULTANT 186144 5 MEMBERSHIP DUES 900099 29083494 29083494 SPONSORSHIP INCOME 900099 893331 893331 PROGRAM & SERVICE FEES 900099 457937 457937 REGISTRATION FEE INCOME 900099 306477 306477 30741239 983474 983474 1840695 1412686 428009 428009 428009 OTHER INCOME 900099 97970 97970 97970 32250692 29847908 0 2402784 7740424 12609387 984903 869323 891347 239592 139618 89281 1586008 647936 2498513 994648 1344384 461086 93470 SUBSCRIPTIONS/BOOKS 619772 EXCISE TAXES 404647 STAFF DEVELOPMENT 213254 TAXES AND FEES 120829 56945 32605367 90412 55930 16613636 13167915 267382 828906 907058 706152 7656179 6883694 1070588 772485 27914698 23338498 243364 3319569 47107138 42189455 2315740 2407263 11363007 9913212 2146154 4434690 15824901 16755165 X 31282237 25434290 31282237 25434290 47107138 42189455 -354675 -5493272 0 X 0 1 X 1 0 0 1 0 4663882 4097523 566359 2643517 2502818 140699 348780 283353 65427 772485 SECURITY DEPOSITS 178060 ARTWORK 12027 RIGHT OF USE ASSET 3129482 3319569 OPERATING LEASE LIABILITY 4434690 4434690 X PART X, LINE 2: THE INSTITUTE EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31,2022 AND 2021, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. EUROPE (INCLUDING ICELAND & GREENLAND) 1 1 PROGRAM SERVICES MEMBER OUTREACH 299987 EAST ASIA AND THE PACIFIC 2 4 PROGRAM SERVICES MEMBER OUTREACH 857988 MIDDLE EAST AND NORTH AFRICA 1 1 PROGRAM SERVICES MEMBER OUTREACH 650946 4 6 0 0 4 6 1808921 0 1808921 0 0 0 0 0 0 PART I, LINE 3: IIF REPORTED THE EXPENDITURES BASED ON THE ACCOUNTING METHOD USED IN ITS AUDITED FINANCIAL STATEMENTS WHICH IS AN ACCRUAL BASIS. PART III ACCOUNTING METHOD: X X X X 0 0 0 TIMOTHY D ADAMS PRESIDENT/CEO 1450000 0 1550000 0 36090 0 30500 0 22503 0 3089093 0 0 0 CLAY LOWERY EXECUTIVE VICE PRESIDENT 517650 0 559062 0 0 0 30500 0 22503 0 1129715 0 0 0 ANDRES PORTILLA MANAGING DIRECTOR 433791 0 433791 0 11314 0 30500 0 22409 0 931805 0 0 0 ROBIN BROOKS MANAGING DIRECTOR 365979 0 292783 0 7038 0 30500 0 8542 0 704842 0 0 0 SONJA GIBBS MANAGING DIRECTOR 329725 0 329725 0 0 0 30500 0 251 0 690201 0 0 0 JESSICA RENIER MANAGING DIRECTOR 320000 0 256000 0 10000 0 30500 0 8542 0 625042 0 0 0 MARTIN BOER SENIOR DIRECTOR 296705 0 243298 0 6867 0 30500 0 15468 0 592838 0 0 0 CHRISTOPHER FULGHUM MANAGING DIRECTOR 282745 0 240333 0 0 0 30500 0 22503 0 576081 0 0 0 BARRIE ORELLANA MANAGING DIRECTOR 262398 0 249278 0 5046 0 30500 0 22503 0 569725 0 0 0 ELIZABETH ROBERTS GENERAL COUNSEL 336473 0 201884 0 0 0 30500 0 0 0 568857 0 0 0 ELINA RIBAKOVA DEPUTY CHIEF ECONOMIST 310590 0 208095 0 3060 0 18300 0 0 0 540045 0 0 0 MARY FRANCES MONROE DIR., INSURANCE REG. AND POLICY 295596 0 198049 0 8526 0 30500 0 864 0 533535 0 0 0 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION OF MISSION: THE MISSION OF THE INSTITUTE IS TO SUPPORT THE FINANCIAL INDUSTRY IN PRUDENTLY MANAGING RISKS, INCLUDING SOVEREIGN RISK; IN DEVELOPING BEST PRACTICES AND STANDARDS; AND IN ADVOCATING REGULATORY, FINANCIAL, AND ECONOMIC POLICIES THAT ARE IN THE BROAD INTEREST OF ITS MEMBERS AND FOSTER GLOBAL FINANCIAL STABILITY. IN FULFILLING THIS MISSION, THE INSTITUTE'S MAIN ACTIVITIES ARE TO: PROVIDE HIGH-QUALITY, TIMELY, AND IMPARTIAL ANALYSIS AND RESEARCH TO ITS MEMBERS ON EMERGING MARKETS AND OTHER CENTRAL ISSUES IN GLOBAL FINANCE; SYSTEMATICALLY IDENTIFY, ANALYZE, AND SHAPE REGULATORY, FINANCIAL, AND ECONOMIC POLICY ISSUES OF RELEVANCE TO ITS MEMBERS GLOBALLY OR REGIONALLY; DEVELOP AND ADVANCE REPRESENTATIVE VIEWS AND CONSTRUCTIVE PROPOSALS THAT INFLUENCE THE PUBLIC DEBATE ON PARTICULAR POLICY PROPOSALS, INCLUDING THOSE OF MULTILATERAL AGENCIES, AND BROAD THEMES OF COMMON INTEREST TO PARTICIPANTS IN GLOBAL FINANCIAL MARKETS; WORK WITH POLICYMAKERS, REGULATORS, AND MULTILATERAL ORGANIZATIONS TO STRENGTHEN THE EFFICIENCY, TRANSPARENCY, STABILITY AND COMPETITIVENESS OF THE GLOBAL FINANCIAL SYSTEM, WITH AN EMPHASIS ON VOLUNTARY MARKET-BASED APPROACHES TO CRISIS PREVENTION AND MANAGEMENT; PROMOTE THE DEVELOPMENT OF SOUND FINANCIAL SYSTEMS, WITH AN EMPHASIS ON EMERGING MARKETS; PROVIDE A NETWORK FOR MEMBERS TO EXCHANGE VIEWS AND OFFER OPPORTUNITIES FOR EFFECTIVE DIALOGUE AMONG POLICYMAKERS, REGULATORS, AND PRIVATE SECTOR FINANCIAL INSTITUTIONS; DEFINE, ARTICULATE, AND DISSEMINATE BEST PRACTICES AND INDUSTRY STANDARDS IN SUCH AREAS AS RISK MANAGEMENT AND ANALYSIS, DISCLOSURE, CORPORATE GOVERNANCE AND REGULATORY COMPLIANCE. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN IIF SHALL BE OPEN TO ANY LENDING INSTITUTION, INVESTMENT BANK, MERCHANT BANK, INVESTMENT FUND ENGAGED IN INTERNATIONAL FINANCIAL TRANSACTIONS, OR INSURANCE COMPANY. FORM 990, PART VI, SECTION A, LINE 7A IIF'S FULL MEMBERS CAN ELECT 30 AUTHORIZED INDIVIDUALS OF THE BOARD OF DIRECTORS WHILE THE REMAINING BOARD OF DIRECTORS ELECT AN ADDITIONAL 10. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. UPON ISSUANCE OF THE DRAFT, THE FORM 990 IS REVIEWED BY THE SENIOR ACCOUNTING MANAGER, THE MANAGING DIRECTOR OF FINANCE, AND THEN REVIEWED AND SIGNED BY THE PRESIDENT AND CEO BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12 IIF DISSEMINATES THE POLICY AND ASK INDIVIDUALS TO NOTIFY OF ANY POSSIBLE CONFLICT. HOWEVER, IF NON-COMPLIANCE WAS IDENTIFIED, IIF WOULD CERTAINLY ENFORCE THE POLICY AND REQUIRE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS HAS ESTABLISHED A SEPARATE COMPENSATION COMMITTEE WHICH REVIEWS THE COMPENSATION (BOTH BASE SALARY AND YEAR-END BONUS RANGE) OF IIF'S PRESIDENT/CHIEF EXECUTIVE OFFICER (CEO) PRIOR TO THE ESTABLISHMENT AND/OR RENEWAL/EXTENSION OF AN EMPLOYMENT CONTRACT. THIS INCLUDES A REVIEW OF COMPARABILITY DATA. IN ADDITION, AT THE END OF EACH YEAR, THE COMMITTEE REVIEWS THE ACCOMPLISHMENTS OF THE PRESIDENT/CEO TO DETERMINE THE ACTUAL YEAR-END BONUS WITHIN THE RANGE ESTABLISHED BY THE CONTRACT. THE PRESIDENT/CEO'S EMPLOYMENT CONTRACT BECAME EFFECTIVE JANUARY 2013, WAS RENEWED AND EXTENDED IN JUNE, 2015 WITH A NEW TERMINATION DATE OF DECEMBER 31, 2017, WAS RENEWED AND EXTENDED IN DECEMBER 2017 WITH A NEW TERMINATION DATE OF DECEMBER 31, 2020, AND WAS RENEWED AND EXTENDED IN JULY 2020 WITH A NEW TERMINATION DATE OF DECEMBER 31, 2023. THE COMPENSATION COMMITTEE LAST MET VIA CONFERENCE CALL IN DECEMBER 2022 TO REVIEW AND TO DETERMINE THE ACTUAL YEAR-END BONUS WITHIN THE RANGE ESTABLISHED BY THE CONTRACT. THE PRESIDENT/CEO REVIEWS MARKET COMPENSATION DATA FOR KEY EMPLOYEES AS PROVIDED BY THE MANAGING DIRECTOR OF FINANCE AND ADMINISTRATION. THIS PROCESS LAST TOOK PLACE IN DECEMBER 2022. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. IIF ASIA PACIFIC LTD 50 RAFFLES PLACE SUITE 22-06 SINGA SINGAPORE SN 048623 A CENTRALIZED HUB FOR REGIONAL ACTIVITIES IN THE ASIA PACIFIC REGION SN 311156 1004681 INSTITUTE OF INTERNATIONAL FINANCE INC SCHEDULE R, PART I: IIF CONDUCTS SOME OF ITS PROGRAMS THROUGH FIELD OFFICES AND AFFILIATES IN FOREIGN COUNTRIES. IN ORDER TO ADHERE WITH THE LAWS OF SINGAPORE, IIF ASIA PACIFIC, LTD. WAS ESTABLISHED IN MAY 2014 TO ACT AS A CENTRALIZED HUB FOR REGIONAL ACTIVITIES IN THE ASIA PACIFIC REGION. IIF IS THE SOLE MEMBER OF IIF ASIA PACIFIC, LTD. FOR PURPOSES OF THE 990, IIF ASIA PACIFIC, LTD IS LISTED AS A DISREGARDED ENTITY AND ITS ACTIVITIES REFLECTED THROUGHOUT THE TAX RETURN.