2022-11-08T10:14:22-06:00 2021-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2021-01-01 521289843 INSTITUTE OF INTERNATIONAL FINANCE INC INST 2028573600 1333 H STREET NW 800E WASHINGTON DC 20005 TIMOTHY D ADAMS PRESIDENT/CEO 2028573600 2022-11-08 1 TIMOTHY ADAMS XXX-XX-XXXX FRANK H SMITH P00639053 2022274000 2022-11-08 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z TIMOTHY D ADAMS 1333 H STREET NW 800E WASHINGTON DC 20005 43080163 0 X WWW.IIF.COM X 1983 DC TO SUPPORT FINANCIAL INDUSTRY IN PRUDENTLY MANAGING RISKS AND TO FOSTER GLOBAL FINANCIAL STABILITY. 49 48 72 47 0 0 1245877 3773200 30251998 29953721 234237 1866886 163994 518790 31896106 36112597 0 0 0 0 23509877 23089642 0 0 0 9124719 11322449 32634596 34412091 -738490 1700506 44779369 47107138 16619495 15824901 28159874 31282237 X SEE SCHEDULE O. 0 0 GLOBAL POLICY INITIATIVES ON ESG, SUSTAINABILITY AND CLIMATE FINANCE. DURING 2021, THIS WORKSTREAM CONTINUED TO RISE IN IMPORTANCE AND THE IIF MADE STRIDES ACROSS SEVERAL FRONTS, INCLUDING IN ADVOCATING FOR GREATER ALIGNMENT OF MARKET AND POLICY FRAMEWORKS FOR SUSTAINABLE FINANCE IN CRITICAL AREAS SUCH AS DISCLOSURE AND RISK ASSESSMENT. SOME NOTABLE ACHIEVEMENTS INCLUDED SPEARHEADING A TRANSFORMATIONAL EFFORT IN THE LEAD-UP TO COP26 TO DEVELOP A CONCRETE PATH FORWARD TO SCALE UP VOLUNTARY CARBON MARKETS; PLAYING A LEAD ROLE IN BRINGING TOGETHER LEADING FINANCIAL TRADE ASSOCIATIONS TO DEVELOP A SET OF "PRINCIPLES FOR A U.S. TRANSITION TO A SUSTAINABLE LOW-CARBON ECONOMY; RELEASING A REPORT ON 'NAVIGATING CLIMATE HEADWINDS' TO ADDRESS CLIMATE-RELATED AND ENVIRONMENTAL RISKS; AND ADVANCING NEW EFFORTS AROUND THE EVOLVING AGENDA ON NET ZERO ALIGNMENT. TO SUPPORT THESE EFFORTS, THE IIF INTRODUCED NEW ENGAGEMENT PLATFORMS AND EXPANDED OUR CORE WORK ON SUSTAINABLE FINANCE TOPICS. WE HAVE LAUNCHED A SERIES OF NEW POLICY AND PRACTITIONER EXPERT GROUPS ON SUSTAINABLE FINANCE, WHICH WILL ADDRESS TOPICS SUCH AS GLOBAL ALIGNMENT AND CONVERGENCE OF MARKET AND OFFICIAL SECTOR EFFORTS, AS WELL AS TECHNICAL ASPECTS OF CLIMATE AND ENVIRONMENTAL RISK ASSESSMENT, ALIGNMENT METHODOLOGIES, DATA, DISCLOSURE, AND CLASSIFICATION FRAMEWORKS. RESEARCH ON EM ECONOMIC/FINANCIAL RISKS AND DEBT-RELATED ISSUES. IN 2021 OUR ANALYSIS OF THE PANDEMIC AND ITS EFFECT ON THE GLOBAL OUTLOOK, SUPPLY CHAINS, CAPITAL MARKETS, AND ON EMERGING AND MATURE COUNTRIES HELPED OUR MEMBERS NAVIGATE THROUGH AN ESPECIALLY VOLATILE PERIOD. WE EXAMINED KEY RESEARCH QUESTIONS ABOUT THE SPEED OF RECOVERY; THE OUTLOOK ON INFLATION IN DEVELOPED AND EMERGING MARKETS; WHAT POLICY ACTIONS ARE NEEDED; WHICH EMERGING MARKET REGIONS ARE BETTER OR WORSE POSITIONED IN THE RECOVERY; WILL THERE BE A LASTING IMPACT IN LABOR MARKETS; WHAT THE IMPACT WILL BE ON GLOBAL CAPITAL FLOWS; AND WHAT THE RISE IN DEBT AND INCREASE IN CENTRAL BANK BALANCE SHEETS WILL MEAN FOR OVERALL VULNERABILITIES AND GROWTH PROSPECTS AHEAD. OUR SOVEREIGN DEBT WORK ALSO CONTINUES AS WE REMAIN INTEGRAL TO THE DISCUSSIONS BETWEEN THE OFFICIAL AND PRIVATE SECTORS ON DEBT-RELATED ISSUES, PUSH FORWARD ON THE OECD DEBT TRANSPARENCY INITIATIVE, AND UPDATE OUR PRINCIPLES ON STABLE CAPITAL FLOWS AND SOVEREIGN DEBT RESTRUCTURING. REGULATORY ADVOCACY AND POST-PANDEMIC REGULATORY REVIEW. IN THE FACE OF EXTRAORDINARY POLICY RESPONSES TO THE COVID-19 CRISIS, OUR BROADER ADVOCACY EFFORTS IN 2021 FOCUSED ON ANALYZING THE EFFECTIVENESS OF THE REGULATORY RESPONSE, AND OUR REPORT ON THE ROLE OF FINANCIAL MARKETS AND INSTITUTIONS IN SUPPORTING THE GLOBAL ECONOMY DURING THE PANDEMIC WAS WELL-RECEIVED. SIMILARLY, IIF WAS SOUGHT OUT AS THE MAIN INDUSTRY GROUP TO ORGANIZE MEETINGS WITH THE BCBS ON LESSONS LEARNED FROM THE COVID-19 CRISIS AND THE IMPLICATIONS FOR THE REGULATORY FRAMEWORK. WE ALSO BROUGHT TOGETHER SENIOR MEMBERS OF THE BCBS AND TOP EXECUTIVES OF OUR MEMBER FIRMS TO DISCUSS MARKET CONDITIONS AND RELATED SUPERVISORY RESPONSES. OUR ADVOCACY ON BEHALF OF OUR MEMBERS ADDRESSED A WIDE RANGE OF OTHER TOPICS AND WE RESPONDED TO NUMEROUS CONSULTATIONS ISSUED BY GLOBAL STANDARD SETTERS, KEY JURISDICTIONAL REGULATORS AND SUPERVISORS ON TOPICS COVERING SUSTAINABLE FINANCE AND CLIMATE RISK, OPERATIONAL RESILIENCE, INSURANCE, NON-BANK FINANCIAL INTERMEDIATION, CYBER SECURITY, AND ACCOUNTING, AMONG OTHERS. AS PART OF OUR ONGOING DIALOGUE WITH THE REGULATORY COMMUNITY, WE ALSO PROVIDED INPUT INTO POLICY DELIBERATIONS ON THE KEY AREAS IMPACTING THE INDUSTRY INCLUDING IN THE AREAS OF PRUDENTIAL CAPITAL AND LIQUIDITY REQUIREMENTS, EFFECTIVE AND EFFICIENT APPROACHES TO CROSS-BORDER REGULATION, MARKET FRAGMENTATION, POST-REFORM IMPACT EVALUATIONS (INCLUDING "TOO-BIG-TO-FAIL"), THE EFFECTIVENESS OF SUPERVISORY COLLEGES, CCP RESOLUTION, IBOR REFORM, AML/CFT POLICY REFORM, AND KEY INSURANCE AND ASSET MANAGEMENT INITIATIVES AND PRIORITIES. DIGITAL REGULATION AND INNOVATION. IN 2021, UNDER THE LEADERSHIP OF THE STEERING COMMITTEE ON DIGITAL FINANCE, WE FOCUSED ON THE KEY TOPICS OF DIGITAL TRANSFORMATION, MODERNIZING REGULATORY FRAMEWORKS, AND CROSS-BORDER DATA FLOWS. OUR EFFORTS HAVE BEEN TARGETED AT ADVOCATING FOR OUR MEMBERS THROUGH RESPONSES TO CONSULTATIONS, SUCH AS OUR JOINT INDUSTRY RESPONSE ON "PRUDENTIAL TREATMENT OF CRYPTOASSET EXPOSURES." WE CONTINUE TO PRODUCE INNOVATIVE RESEARCH SUCH AS THE "REALIZING THE DIGITAL PROMISE" SERIES AND RECENT PAPERS ON "A STRATEGIC FRAMEWORK FOR DIGITAL ECONOMIC COOPERATION AND "CLOUD ADOPTION AND REGULATION IN ASIA PACIFIC FINANCIAL SERVICES AND DEVELOP INDUSTRY RELEVANT RESOURCES LIKE THE "IIF DATA ETHICS CHARTER AND FRT PODCASTS. WE ALSO PROVIDE OPPORTUNITIES TO TRADE PERSPECTIVES WITH PEERS, POLICYMAKERS AND TECHNOLOGY EXPERTS IN OUR DATA TALK SERIES, GLOBAL PAYMENTS FORUM, AND OPEN DIGITAL TRUST FOR DIGITAL IDENTITY PROJECT. WE ARE ALSO WORKING ON REGULATORY FRAMEWORKS FOR BIGTECHS IN FINANCE, DIGITAL CURRENCIES, AND ADOPTION OF CLOUD AND MACHINE LEARNING TECHNOLOGIES. WE ARE BRINGING TOGETHER IIF MEMBERS, TECHNICAL EXPERTS, CENTRAL BANK REPRESENTATIVES AND REGULATORS TO SHARE PERSPECTIVES ON CBDC AND STABLECOIN DEVELOPMENTS, RISKS, AND THE ROLE OF THE PRIVATE SECTOR. WE ARE ALSO EXPLORING THE PROLIFERATION OF DATA POLICIES AND REGULATION, THE "PLATFORMIZATION" OF FINANCE AND COMPETITION POLICY AND INITIATIVES THAT MIGHT UNDULY IMPACT FINANCIAL INSTITUTIONS, CROSS BORDER PAYMENTS, AND DIGITAL IDENTITY. 0 1 0 1 0 0 0 0 0 1 0 0 0 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 28 0 1 72 1 0 1 CH SN 0 0 0 0 1 0 X 49 48 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 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 2880962 0 51503 CLAY LOWERY EXECUTIVE VICE PRESIDENT 40.00 X 1045500 0 51503 ANDRES PORTILLA MANAGING DIRECTOR 40.00 X 862979 0 51409 ROBIN BROOKS MANAGING DIRECTOR 40.00 X 655960 0 37542 LOREN BUSHKAR MANAGING DIRECTOR UNTIL 10/21 40.00 X 644500 0 35535 SONJA GIBBS MANAGING DIRECTOR 40.00 X 636058 0 29251 BRAD CARR MANAGING DIRECTOR 40.00 X 539579 0 51503 MARTIN BOER SENIOR DIRECTOR 40.00 X 522706 0 44468 CHRISTOPHER FULGHUM MANAGING DIRECTOR 40.00 X 515347 0 51503 ELIZABETH ROBERTS GENERAL COUNSEL 40.00 X 536775 0 29000 BARRIE ORELLANA MANAGING DIRECTOR 35.00 X 509086 0 51503 ELINA RIBAKOVA DEPUTY CHIEF ECONOMIST 40.00 X 504900 0 39903 MARY FRANCES MONROE DIR., INSURANCE REG. AND P 40.00 X 479321 0 29864 SERGI LANAU DEPUTY CHIEF ECONOMIST 40.00 X 462825 0 29000 AXEL WEBER CHAIRMAN 2.00 X X 0 0 0 SIM TSHABALALA VICE CHAIR & TREASURER 2.00 X X 0 0 0 CANDIDO BRACHER VICE CHAIRMAN UNTIL 01/21 2.00 X X 0 0 0 PIYUSH GUPTA VICE CHAIRMAN 2.00 X X 0 0 0 WALTER KIELHOLZ VICE CHAIRMAN UNTIL 04/21 2.00 X X 0 0 0 MICHEL M LIES VICE CHAIRMAN 2.00 X X 0 0 0 SAEED AL-GHAMDI BOARD DIRECTOR 2.00 X 0 0 0 ABDULLA AL-KHALIFA BOARD DIRECTOR 2.00 X 0 0 0 HANA AL-ROSTAMANI BOARD DIRECTOR 2.00 X 0 0 0 WALTER BAYLY BOARD DIRECTOR 2.00 X 0 0 0 OLIVER BATE BOARD DIRECTOR 2.00 X 0 0 0 ANA BOTIN BOARD DIRECTOR 2.00 X 0 0 0 THOMAS BUBERL 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 THOMAS GIBBONS BOARD DIRECTOR 2.00 X 0 0 0 PETER KING BOARD DIRECTOR 2.00 X 0 0 0 MANFRED KNOF 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 JEAN-PIERRE MUSTIER BOARD DIRECTOR UNTIL 04/21 2.00 X 0 0 0 RANIA MAHMOUD NASHAR BOARD DIRECTOR UNTIL 01/21 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 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 BRIAN PORTER BOARD DIRECTOR UNTIL 10/21 2.00 X 0 0 0 ANNE RICHARDS BOARD DIRECTOR 2.00 X 0 0 0 URS ROHNER BOARD DIRECTOR UNTIL 05/21 2.00 X 0 0 0 ALISON ROSE BOARD DIRECTOR 2.00 X 0 0 0 TATSUMFUMI SAKAI BOARD DIRECTOR UNTIL 09/21 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 2.00 X 0 0 0 JES STALEY BOARD DIRECTOR UNTIL 10/21 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 JUAN CARLOS MORA URIBE BOARD DIRECTOR 2.00 X 0 0 0 SHRITI VADERA BOARD DIRECTOR 2.00 X 0 0 0 STEVEN VAN RIJSWIJKK BOARD DIRECTOR UNTIL 08/21 2.00 X 0 0 0 CS VENKATAKRISHNAN BOARD DIRECTOR 2.00 X 0 0 0 JOSE VINALS 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 10796498 0 583487 54 0 1 0 MCKINSEY & COMPANY INC PO BOX 7247-7255 PHILADELPHIA PA 19170 CONSULTING 3053128 GREYSTOKE RUE FRANCOIS STROOBANT 36 B-1050 I BRUSSELS BE PROGRAM SERVICES CONSULTANT 352668 BLOOMBERG LP 731 LEXINGTON AVENUE NEW YORK NY 10022 DATA SUBSCRIPTION SERVICES 234566 HILL & KNOWLTON STRATEGIES 49 CLERKENWELL GREEN LONDON EC1R 0E LONDON UK EC1R0EB PUBLIC RELATIONS FIRM 185108 PROTECH 5457 TWIN KNOLLS ROAD COLUMBIA MD 21045 SOFTWARE PROGRAMMING 141914 6 3773200 3773200 MEMBERSHIP DUES 900099 29210459 29210459 SPONSORSHIP INCOME 900099 743262 743262 29953721 799088 799088 8035364 6967566 1067798 1067798 1067798 OTHER INCOME 900099 518790 518790 518790 36112597 29210459 0 3128938 X 8701224 11792969 928875 674109 992465 283308 182363 67751 5101410 306840 268345 2657780 120493 448376 558015 80107 SUBSCRIPTIONS/BOOKS 603600 TAXES AND FEES 491013 STAFF DEVELOPMENT 93435 MISCELLANOUS 30632 28981 34412091 116538 90412 15329563 16613636 475312 166808 267382 1126309 907058 7508549 6437961 1512089 1070588 25820122 27914698 232628 243364 44779369 47107138 2544929 2315740 11095707 11363007 2978859 2146154 16619495 15824901 X 28159874 31282237 28159874 31282237 44779369 47107138 1700506 1421857 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 29210459 5430 5430 5430 4642848 3728770 914078 2576800 2456223 120577 288901 252968 35933 1070588 DEFERRED RENT AND LEASE INCENTIVE 2146154 2146154 X PART X, LINE 2: THE INSTITUTE EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31,2021 AND 2020, 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 0 PROGRAM SERVICES ADVOCACY ON REGULATORY ISSUES AND MEMBERSHIP DEVELOPMENT 616594 EAST ASIA AND THE PACIFIC 2 3 PROGRAM SERVICES ECONOMIC ANALYSIS AND MEMBERSHIP DEVELOPMENT 920343 MIDDLE EAST AND NORTH AFRICA 1 1 PROGRAM SERVICES MEMBERSHIP DEVELOPMENT 659023 4 4 0 0 4 4 2195960 0 2195960 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 1 0 0 TIMOTHY D ADAMS PRESIDENT/CEO 1350000 0 1500000 0 30962 0 29000 0 22503 0 2932465 0 0 0 CLAY LOWERY EXECUTIVE VICE PRESIDENT 510000 0 535500 0 0 0 29000 0 22503 0 1097003 0 0 0 ANDRES PORTILLA MANAGING DIRECTOR 427380 0 427380 0 8219 0 29000 0 22409 0 914388 0 0 0 ROBIN BROOKS MANAGING DIRECTOR 360570 0 288456 0 6934 0 29000 0 8542 0 693502 0 0 0 LOREN BUSHKAR MANAGING DIRECTOR UNTIL 10/21 222063 0 0 0 422437 0 26993 0 8542 0 680035 0 0 0 SONJA GIBBS MANAGING DIRECTOR 315000 0 315000 0 6058 0 29000 0 251 0 665309 0 0 0 BRAD CARR MANAGING DIRECTOR 302481 0 237098 0 0 0 29000 0 22503 0 591082 0 0 0 MARTIN BOER SENIOR DIRECTOR 286684 0 229347 0 6675 0 29000 0 15468 0 567174 0 0 0 CHRISTOPHER FULGHUM MANAGING DIRECTOR 278566 0 236781 0 0 0 29000 0 22503 0 566850 0 0 0 ELIZABETH ROBERTS GENERAL COUNSEL 331500 0 198900 0 6375 0 29000 0 0 0 565775 0 0 0 BARRIE ORELLANA MANAGING DIRECTOR 258520 0 245594 0 4972 0 29000 0 22503 0 560589 0 0 0 ELINA RIBAKOVA DEPUTY CHIEF ECONOMIST 306000 0 198900 0 0 0 17400 0 22503 0 544803 0 0 0 MARY FRANCES MONROE DIR., INSURANCE REG. AND P 285600 0 185640 0 8081 0 29000 0 864 0 509185 0 0 0 SERGI LANAU DEPUTY CHIEF ECONOMIST 238065 0 182325 0 42435 0 29000 0 0 0 491825 0 0 0 PART I, LINE 4A LOREN BUSHKAR RECEIVED A SEVERANCE AND CHANGE OF CONTROL PAYMENT IN THE AMOUNT OF $374,570. 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 12C 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 2021 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 2020. 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. FORM 990, PART IX, LINE 11G CONSULTING 5,098,919. PAYROLL MANAGEMENT FEES 2,491. 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 336788 630435 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.