2021-05-06T12:20:37-05:00 2019-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2019-01-01 521289843 INSTITUTE OF INTERNATIONAL FINANCE INC INST 2028573600 1333 H STREET NW NO 800E WASHINGTON DC 20005 TIMOTHY D ADAMS PRESIDENT/CEO 2028573600 2021-05-05 1 FRANK H SMITH P00639053 2022274000 2021-05-05 2019 2022-09-23 18:48:47Z X TIMOTHY D ADAMS 1333 H STREET NW NO 800E WASHINGTON DC 20005 35770440 0 X WWW.IIF.COM X 1983 DC TO SUPPORT FINANCIAL INDUSTRY IN PRUDENTLY MANAGING RISKS AND TO FOSTER GLOBAL FINANCIAL STABILITY. 44 43 90 43 0 0 0 0 34266956 32896546 497598 609661 72797 97899 34837351 33604106 0 0 0 0 22726458 22415312 0 0 0 11512564 11060144 34239022 33475456 598329 128650 41775458 43892546 17603212 17463799 24172246 26428747 X SEE SCHEDULE O. 0 0 GLOBAL FINANCIAL SERVICES REGULATION: IN 2019, SOME OF THE KEY REGULATORY TOPICS IIF FOCUSED ON INCLUDED MARKET FRAGMENTATION, DIGITAL FINANCE, AND FINANCIAL CRIME. IIF'S MARKET FRAGMENTATION WORK STREAM FOCUSED ON THE INCREASING NUMBER OF JURISDICTIONS--EITHER TO SUPPORT THE DOMESTIC ECONOMY OR FOR FINANCIAL RESILIENCE--INTRODUCED NATIONAL DIVERGENCES OR ALTOGETHER NEW RULES AS THEY IMPLEMENTED THE POST-CRISIS REGULATORY REFORM AGENDA. AS PART OF ITS ADVOCACY EFFORTS, THE IIF PUBLISHED AN IN-DEPTH REPORT THAT OUTLINED MEASURES TO HELP PROMOTE A LEVEL PLAYING FIELD AND REDUCE OPPORTUNITIES FOR REGULATORY ARBITRAGE, INCLUDING SPECIFIC MEASURES TO ADDRESS REGULATORY FRAGMENTATION AND WAYS TO ENHANCE INTERNATIONAL COOPERATION AMONG AUTHORITIES. IIF'S DIGITAL FINANCE WORK STREAM FOCUSED ON A BROAD RANGE OF ACTIVITIES/TOPICS, INCLUDING: FINANCIAL STABILITY AND MARKET STRUCTURE, ENSURING A LEVEL PLAYING FIELD WITH INTERNET PLATFORM COMPANIES, DATA POLICY, MACHINE LEARNING, CLOUD, DIGITAL IDENTITY, FINANCIAL INCLUSION, AND THE DIGITAL CURRENCIES LANDSCAPE, WHICH RECEIVED RENEWED ATTENTION DUE TO FACEBOOK'S LIBRA INITIATIVE. IN THIS SPACE, IIF CONTINUES TO EXPLORE BURGEONING ISSUES AND HIGHLIGHT THE KEY DESIGN CONSIDERATIONS, EMPHASIZING THE PROTECTION OF CONSUMERS AND THE PRESERVATION OF FINANCIAL STABILITY. IN ADDITION TO NEW SURVEYS, PAPERS, SYMPOSIA, AND HIGH-LEVEL ENGAGEMENT WITH REGULATORS, STANDARD-SETTING BODIES, AND CUTTING-EDGE LEADERS IN THIS FIELD, IIF'S PODCAST SERIES, "FINANCE, REGULATION, AND TECHNOLOGICAL INNOVATION OR FRT, PRODUCED OVER 50 EPISODES. IIF'S FINANCIAL CRIME WORK STREAM FOCUSED ON THE TOPIC OF FINANCIAL CRIME, AML, AND ILLICIT FINANCIAL FLOWS. THE IIF CONTINUES TO FIND WAYS TO ENHANCE THE GLOBAL FRAMEWORK FOR COMPLIANCE WITH ANTI-MONEY LAUNDERING (AML) RULES AND IS FOCUSED ON THREE MAIN AREAS: REGULATORY ENGAGEMENT ON AML/CFT POLICY REFORM; ENGAGEMENT IN INDUSTRY DIALOGUE WITH REGULATORY AND ENFORCEMENT BODIES ON A GLOBAL BASIS TO ENHANCE PUBLIC/PRIVATE SECTOR COOPERATION; AND ENHANCEMENTS IN THE USE OF TECHNOLOGY TO FIGHT FINANCIAL CRIME. THIS YEAR, IIF ALSO ISSUED A MAJOR REPORT WITH DELOITTE. IIF ALSO ENGAGED WITH RELEVANT ACTORS IN THE NORDIC REGION TO RAMP UP PUBLIC/PRIVATE SECTOR COOPERATION. CREATING THIS SORT OF REGIONAL SOLUTION TO THE CHALLENGES OF FIGHTING ILLICIT FINANCIAL FLOWS COULD BECOME THE BASIS FOR A PILOT PROJECT THAT MAY BE SCALABLE AND EXPORTED TO OTHER LOCALES OVER TIME. ECONOMIC AND FINANCIAL RESEARCH: IN 2019, IIF RELEASED NEARLY 200 RESEARCH PUBLICATIONS. THESE INCLUDED ITS GLOBAL MACRO VIEWS, ECONOMIC VIEWS, AND MACRO NOTESWHICH FOCUSED ON CROSS-COUNTRY AND COUNTRY-SPECIFIC ANALYSIS OF BOTH DEVELOPED AND EMERGING MARKETS. IIF ALSO PROVIDED ANALYSIS OF A GROWING UNIVERSE OF FRONTIER MARKETS. SOME OF THE KEY TRENDS RESEARCHED INCLUDED AN OVERALL SLOWDOWN IN ECONOMIC ACTIVITY, ESCALATING TRADE TENSIONS BETWEEN THE U.S. AND CHINA, INCREASED VOLATILITY IN FINANCIAL MARKETS, AND A DRAMATIC SHIFT IN THE MONETARY POLICY OF MAJOR CENTRAL BANKS. IN ADDITION TO THESE GLOBAL TRENDS, IIF'S RESEARCH ALSO COVERED A NUMBER OF IDIOSYNCRATIC STORIES SUCH AS THE PERSISTENT EXTERNAL IMBALANCES IN ARGENTINA, A CREDIT-DRIVEN RECOVERY IN TURKEY, GROWING DEBT SUSTAINABILITY CONCERNS IN SOUTH AFRICA, AND UNPRECEDENTED FOREIGN INVESTOR ENGAGEMENT IN UKRAINE FOLLOWING A REMARKABLE POLITICAL TRANSITION. IN ADDITION TO PUBLISHED REPORTS, IIF ALSO HOLDS A GLOBAL MACRO CALL AND A FRONTIER MARKETS CALL EACH MONTH, WHICH FOCUS ON COUNTRY-SPECIFIC ANALYSIS. IN 2019, IIF ALSO EXPANDED ITS PORTFOLIO OF CAPITAL FLOWS PRODUCTS. IN ADDITION TO THE BI-ANNUAL IIF CAPITAL FLOWS REPORT AND DETAILED COUNTRY DATABASES, WE EXPLORED THE DYNAMICS AND NATURE OF CAPITAL FLOWS IN MORE DETAIL IN OUR DAILY AND MONTHLY CAPITAL FLOWS TRACKERS. TO COMPLEMENT THESE PRODUCTS, WE DEVELOPED A NEW FRAMEWORK THAT PROVIDES A COMPREHENSIVE PERSPECTIVE ON INVESTORS' POSITIONING IN EMERGING MARKETS. OUR POSITIONING DATABASE MARRIES CAPITAL FLOWS DATA WITH INFORMATION FROM COUNTRIES' INTERNATIONAL INVESTMENT POSITIONS AND DISTINGUISHES BETWEEN TRUE CAPITAL FLOWS AND VALUATION EFFECTS. WE ALSO EXPANDED OUR ANALYSIS OF FOREIGN DIRECT INVESTMENT (FDI) BY BREAKING OUT REINVESTED EARNINGS, WHICH MAY IN CERTAIN CASES DISTORT THE OVERALL PICTURE. WE ALSO CONTINUE OUR WORK ON EXCHANGE RATE FAIR VALUE ESTIMATES, ESPECIALLY FOR ECONOMIES UNDER DURESS. BUILDING ON THE IIF'S CHINA ACTIVITY TRACKER, OUR CAPITAL FLOWS TRACKERS, AND BALANCE OF PAYMENTS NOWCAST, TOPICAL EM RESEARCH ANALYZED CHINA-RELATED DEVELOPMENTS IN DETAIL. WE ALSO FOCUSED ON THE RMB/DOLLAR DYNAMIC, UNPACKING THE FIXING MECHANISM OF THE RMB AND FLAGGING THE CONSEQUENCES OF AN ACCELERATED DEPRECIATION. INEQUALITY AND POLITICAL RISK SHAPED MANY OF THE STORIES AROUND EM IN THE LATER PART OF 2019. MANY COUNTRIES, INCLUDING CHILE AND LEBANON, EXPERIENCED INCREASED STRESS EPISODES, MAINLY ATTRIBUTED TO DEMANDS FOR A MORE EFFICIENT REDISTRIBUTION OF WEALTH. WE ALSO EXPANDED OUR WORK ON THE ECONOMIC AND MARKETS IMPACT OF SANCTIONS. WE CONTINUE TO MONITOR THESE EVENTS, HELPING OUR MEMBERS TO DEVELOP A BETTER UNDERSTANDING ON HOW POLITICAL RISK CAN AFFECT ECONOMIC PROSPECTS. GLOBAL EVENTS: THE INSTITUTE PROVIDED A WIDE RANGE OF OPPORTUNITIES, IN PERSON AND VIA CONFERENCE CALLS, FOR MEMBERS AND POLICYMAKERS TO GATHER AND DISCUSS ISSUES OF COMMON INTEREST AND CONCERN ON GLOBAL AND REGIONAL FINANCIAL AND ECONOMIC ISSUES. WE HELD TWO LARGE SIGNATURE EVENTS IN 2019 - THE COMBINED G20/SPRING MEMBERSHIP MEETING (SMM) IN TOKYO AND THE ANNUAL MEMBERSHIP MEETING (AMM) IN WASHINGTON DC PROVIDED IIF MEMBERS WITH EXPANDED PROGRAM CONTENT, FIRST CLASS SPEAKERS, AND A WIDE RANGE OF NETWORKING AND BUSINESS DEVELOPMENT OPPORTUNITIES. AT BOTH OUR SMM AND AMM, TRACKS FOCUSED ON THE GLOBAL ECONOMY, EM ECONOMIES, AND SUSTAINABLE FINANCE AND GROWTH. WE ALSO CONTINUED TO OFFER MEMBERS A WIDE RANGE OF REGIONAL EVENTS, SUCH AS THE WASHINGTON POLICY SUMMIT WHICH FEATURED SENIOR POLICYMAKERS, FINANCIAL INDUSTRY LEADERS, AND POLICY EXPERTS TAKING AN IN-DEPTH LOOK AT THE CRITICAL ISSUES FACING THE TRUMP ADMINISTRATION; OUR EUROPEAN BANKING UNION CONFERENCE, WHICH ATTRACTED KEY POLICYMAKERS FROM THE REGION AND IS NOW CONSIDERED A KEY VENUE FOR THE DIALOGUE WITH THE INDUSTRY ON THE DEVELOPMENT OF THE EBU AND THE ESTABLISHMENT OF AN EFFECTIVE EU RESOLUTION FRAMEWORK. OTHER REGIONAL EVENTS INCLUDE OUR REGIONAL CRO MEETINGS AND REGIONAL ECONOMIC FORA AND A WIDE VARIETY OF SMALLER BUT EQUALLY CRITICAL MEETINGS, SEMINARS, AND COLLOQUIA. IN ALL, IIF HELD OVER 97 EVENTS OF DIFFERENT CONFIGURATIONS AND SIZES WHICH BROUGHT TOGETHER OVER 6,700 ATTENDEES REPRESENTING 74 DIFFERENT COUNTRIES. 0 0 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 37 0 1 90 1 0 1 CH SN 0 0 0 0 0 0 X 44 43 0 0 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 X BARRIE ORELLANA 2028573316 1333 H STREET NW NO 800E WASHINGTON DC 20005 TIMOTHY D ADAMS PRESIDENT/CEO 40.00 X X 2780962 0 56153 ANDRES PORTILLA MANAGING DIRECTOR 40.00 X 838000 0 56012 BRAD CARR SENIOR DIRECTOR 40.00 X 585649 0 55153 ROBIN BROOKS MNG DIR/CHIEF ECON. 40.00 X 583275 0 37935 CLAY LOWERY EXECUTIVE VICE PRESIDENT 40.00 X 542949 0 48268 MATTHEW EKBERG SENIOR POLICY ADVISOR 40.00 X 551358 0 34839 SONJA GIBBS SENIOR DIRECTOR 40.00 X 545769 0 28360 BARRIE ORELLANA SENIOR DIRECTOR OF FINANCE 35.00 X 486784 0 56153 MARTIN BOER DIRECTOR 40.00 X 482449 0 47009 LOREN BUSHKAR MANAGING DIRECTOR 40.00 X 481250 0 37805 AXEL WEBER CHAIRMAN 2.00 X X 0 0 0 WALTER KIELHOLZ VICE CHAIRMAN 2.00 X X 0 0 0 BRIAN PORTER VICE CHAIRMAN AND TREASURER 2.00 X X 0 0 0 SAEED AL-GHAMDI BOARD DIRECTOR 2.00 X 0 0 0 ALI AHMED AL-KUWARI BOARD DIRECTOR 2.00 X 0 0 0 OLIVER BATE BOARD DIRECTOR 2.00 X 0 0 0 WALTER BAYLY BOARD DIRECTOR 2.00 X 0 0 0 ANA BOTIN BOARD DIRECTOR 2.00 X 0 0 0 CANDIDO BRACHER 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 DOUGLAS FLINT BOARD DIRECTOR 2.00 X 0 0 0 MARTIN GILBERT BOARD DIRECTOR 2.00 X 0 0 0 JAMES GORMAN BOARD DIRECTOR 2.00 X 0 0 0 PIYUSH GUPTA BOARD DIRECTOR 2.00 X 0 0 0 RALPH HAMERS BOARD DIRECTOR 2.00 X 0 0 0 BRIAN HARTZER BOARD DIRECTOR 2.00 X 0 0 0 NOBUHIDE HAYASHI BOARD DIRECTOR 2.00 X 0 0 0 NOBUYUKI HIRANO BOARD DIRECTOR 2.00 X 0 0 0 JEAN LEMIERRE BOARD DIRECTOR 2.00 X 0 0 0 MICHEL M LIES BOARD DIRECTOR 2.00 X 0 0 0 RANIA MAHMOUD NASHAR 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 DANIEL PINTO BOARD DIRECTOR 2.00 X 0 0 0 URS ROHNER BOARD DIRECTOR 2.00 X 0 0 0 FABRIZIO SACCOMANNI BOARD DIRECTOR 2.00 X 0 0 0 TATSUMFUMI SAKAI BOARD DIRECTOR 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 JES STALEY BOARD DIRECTOR 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 JOHAN TORGEBY BOARD DIRECTOR 2.00 X 0 0 0 CARLOS TORRES-VILA BOARD DIRECTOR 2.00 X 0 0 0 ANDREAS TREICHL BOARD DIRECTOR 2.00 X 0 0 0 SIM TSHABALALA BOARD DIRECTOR 2.00 X 0 0 0 MARK TUCKER 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 MARTIN ZIELKE BOARD DIRECTOR 2.00 X 0 0 0 7878445 0 457687 10 0 1 0 GREYSTOKE RUE FRANCOIS STROOBANT 36 B-1050 I BRUSSELS BE PROGRAM SERVICES CONSULTANT 396175 PROTECH 5457 TWIN KNOLLS ROAD COLUMBIA MD 21045 SOFTWARE PROGRAMMING 166586 BAKER DONELSON BEARMAN CALDWELL & BER 901 K ST NW 900 WASHINGTON DC 20001 LEGAL SERVICES 152474 3 MEMBERSHIP DUES 900099 30125201 30125201 SPONSORSHIP INCOME 900099 2201274 2201274 REGISTRATION FEES 900099 570071 570071 32896546 663773 663773 2112222 2166334 -54112 -54112 -54112 MISCELLANEOUS 900099 97899 97899 97899 33604106 30793171 0 2810935 5414329 13892015 965715 1037721 1105532 331957 172731 61778 575647 615282 258496 2561080 1998412 2483461 667477 66981 SUBSCRIPTIONS/BOOKS 614045 TAXES AND FEES 431340 RECRUITMENT 129940 EXCHANGE RATE ADJ. 49612 41905 33475456 122793 193177 23535320 16992052 353785 259463 957719 1052677 7345266 5220910 2730772 2124356 13856548 23055512 218521 215309 41775458 43892546 2254608 2160487 11320207 11572135 4028397 3731177 17603212 17463799 X 24172246 26428747 24172246 26428747 41775458 43892546 128650 2127851 0 X 0 1 X 1 0 0 0 0 30125301 2160 2160 2160 4643248 2991876 1651372 2448106 2139920 308186 253912 89114 164798 2124356 DEFERRED RENT AND LEASE INCENTIVE 3731177 3731177 X PART X, LINE 2: THE INSTITUTE EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018, 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) 2 1 PROGRAM SERVICES ADVOCACY ON REGULATORY ISSUES AND MEMBERSHIP DEVELOPMENT 1367403 EAST ASIA AND THE PACIFIC 2 4 PROGRAM SERVICES ECONOMIC ANALYSIS AND MEMBERSHIP DEVELOPMENT 1231655 MIDDLE EAST AND NORTH AFRICA 1 2 PROGRAM SERVICES ECONOMIC ANALYSIS AND MEMBERSHIP DEVELOPMENT 852055 5 7 0 0 5 7 3451113 0 3451113 0 0 0 0 0 1 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 1350000 0 1400000 0 30962 0 28000 0 28153 0 2837115 0 0 0 ANDRES PORTILLA MANAGING DIRECTOR 419000 0 419000 0 0 0 28000 0 28012 0 894012 0 0 0 BRAD CARR SENIOR DIRECTOR 300333 0 285316 0 0 0 27000 0 28153 0 640802 0 0 0 ROBIN BROOKS MNG DIR/CHIEF ECON. 353500 0 229775 0 0 0 28000 0 9935 0 621210 0 0 0 CLAY LOWERY EXECUTIVE VICE PRESIDENT 242949 0 300000 0 0 0 20115 0 28153 0 591217 0 0 0 MATTHEW EKBERG SENIOR POLICY ADVISOR 237596 0 74023 0 239739 0 16800 0 18039 0 586197 0 0 0 SONJA GIBBS SENIOR DIRECTOR 300000 0 240000 0 5769 0 28000 0 360 0 574129 0 0 0 BARRIE ORELLANA SENIOR DIRECTOR OF FINANCE 253451 0 228106 0 5227 0 28000 0 28153 0 542937 0 0 0 MARTIN BOER DIRECTOR 281063 0 196744 0 4642 0 28000 0 19009 0 529458 0 0 0 LOREN BUSHKAR MANAGING DIRECTOR 275000 0 206250 0 0 0 28000 0 9805 0 519055 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 DOES NOT REGULARLY OR CONSISTENTLY MONITOR FOR ANY NON-COMPLIANCE WITH CONFLICT OF INTEREST POLICY. HOWEVER, IF NON-COMPLIANCE WAS IDENTIFIED, IIF WOULD CERTAINLY ENFORCE THE POLICY AND REQUIRE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 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, AND THEN WAS RENEWED AND EXTENDED IN DECEMBER 2017 WITH A NEW TERMINATION DATE OF DECEMBER 31, 2020. THE COMPENSATION COMMITTEE LAST MET VIA CONFERENCE CALL IN DECEMBER 2019 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 2019. 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. PAGE 1, BOX B - AMENDED RETURN IIF AMENDED THEIR 2019 FEDERAL FORM 990 IN ORDER TO ACCURATELY COMPLETE SCHEDULE C AND REPORT LOBBYING EXPENDITURES. IIF ASIA PACIFIC LTD 50 RAFFLES PLACE SUITE 22-06 SINGA SN 048623 A CENTRALIZED HUB FOR REGIONAL ACTIVITIES IN THE ASIA PACIFIC REGION SN 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.