2021-08-09T15:43:30-05:00 2020-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2020-01-01 521289843 INSTITUTE OF INTERNATIONAL FINANCE INC INST 2028573600 1333 H STREET NW NO 800E WASHINGTON DC 20005 TIMOTHY D ADAMS PRESIDENT/CEO 2028573600 2021-08-09 1 TIMOTHY ADAMS XXX-XX-XXXX FRANK H SMITH P00639053 2022274000 2021-08-09 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z TIMOTHY D ADAMS 1333 H STREET NW NO 800E WASHINGTON DC 20005 38894701 0 X WWW.IIF.COM X 1983 DC TO SUPPORT FINANCIAL INDUSTRY IN PRUDENTLY MANAGING RISKS AND TO FOSTER GLOBAL FINANCIAL STABILITY. 45 44 83 44 0 0 0 1245877 32896546 30251998 609661 234237 97899 163994 33604106 31896106 0 0 0 0 22415312 23509877 0 0 0 11060144 9124719 33475456 32634596 128650 -738490 43892546 44779369 17463799 16619495 26428747 28159874 X SEE SCHEDULE O. 0 0 RESEARCH ON EM ECONOMIC/FINANCIAL RISKS AND SOVEREIGN DEBT VULNERABILITIES. IN 2020, WE FOCUSED ON ANALYZING HOW THE PANDEMIC AND THE ACCOMPANYING ECONOMIC CRISIS HAS INTENSIFIED RISKS AND VULNERABILITIES AMONG FRONTIER AND EMERGING MARKETS (EM) AND WHETHER THERE WILL BE A SURGE OF SOVEREIGN DEBT RESTRUCTURINGS. IN ORDER TO MONITOR THE RECOVERY EFFORTS ACROSS EM, THE IIF DEVELOPED A COMPREHENSIVE DATABASE OF POLICY AND REGULATORY RESPONSES, EXPANDED OUR CAPITAL FLOWS COVERAGE TO FRONTIER MARKETS (FM), AND PUBLISHED NEW DATABASES THAT TRACK FLOWS TO LOCAL MARKET DEBT. ALSO, WHILE THE CURRENT HEALTH PANDEMIC MUST REMAIN A TOP PRIORITY, COVID-19 HAS BROUGHT BROADER ESG CHALLENGES INTO MUCH GREATER FOCUS, AND WE ANALYZED THE NEED FOR STRUCTURAL REFORM IN EMERGING MARKET SOVEREIGN DEBT FINANCING, EMPHASIZING SUPPORT FOR SUSTAINABLE LONG-TERM CAPITAL FLOWS AND INNOVATIVE PUBLIC-PRIVATE SECTOR SOLUTIONS. FINALLY, WE CONTINUED TO COLLABORATE WITH THE OECD AS THE HOST REPOSITORY FOR THE VOLUNTARY PRINCIPLES FOR DEBT TRANSPARENCY.EM MACROECONOMIC RESEARCH: THIS PAST YEAR, IIF'S COMPREHENSIVE MACROECONOMIC RESEARCH, INCLUDING OUR FLAGSHIP PUBLICATIONS GLOBAL MACRO VIEWS, ECONOMIC VIEWS, AND MACRO NOTES, FOCUSED ON KEY THEMES IN THE CONTEXT OF THE COVID-19 SHOCK, INCLUDING UNPRECEDENTED CAPITAL FLIGHT; VULNERABILITIES AND POLICY RESPONSES; AND PROSPECTS FOR RECOVERY. CAPITAL FLOWS RESEARCH: OUR CAPITAL FLOWS RESEARCH REPORTS HIGHLIGHTED THE UNPRECEDENTED SCALE OF OUTFLOWS FROM EM AND UNDERLYING DRIVERS. WE ALSO PUBLISHED FORWARD-LOOKING ANALYSIS ON EXTERNAL FINANCING GAPS TO HELP MARKETS ASSESS WHERE DOLLAR SHORTAGES AND MATURITY MISMATCHES ARE GREATEST. IN ADDITION, WE REGULARLY UPDATED OUR TRACKING OF EXCHANGE RATE FAIR VALUES ACROSS EM. ANALYSIS OF POLICY RESPONSES: WE COMPILED A TRACKER OF FISCAL AND MONETARY POLICY EASING ACTIONS ACROSS EM AND CAREFULLY TRACKED THE GROWING CALLS FOR QE ACROSS EM, GIVEN THE NEED TO FINANCE RAPIDLY WIDENING BUDGET DEFICITS. WE ALSO FLAGGED VULNERABILITIES ACROSS THE EM COMPLEX, HIGHLIGHTING REGION-SPECIFIC AND COUNTRY-SPECIFIC FACTORS THAT MAY ACCENTUATE RISK FACTORS.PROSPECTS FOR RECOVERY: WE INCREASED THE FREQUENCY OF OUR GROWTH AND CAPITAL FLOWS FORECAST UPDATES, GIVEN THE RAPIDLY EVOLVING SITUATION AROUND COVID-19 AND THE NEED TO ASSESS WHERE PROSPECTS FOR RECOVERY ARE BEST. THE OUTLOOK REMAINS VERY FLUID AND THIS RESEARCH AREA WILL OCCUPY A LOT OF OUR FOCUS GOING FORWARD. PRIVATE SECTOR PARTICIPATION IN THE DSSI AND RELATED EFFORTS TO ASSIST VULNERABLE COUNTRIES: IIF REPORTED ON KEY CHALLENGES TO THE DEBT SERVICE SUSPENSION INITIATIVE (DSSI), SUCH AS DEFINING NPV NEUTRALITY, ACHIEVING TRANSPARENCY AND INTER-CREDITOR EQUITY, FIDUCIARY OBLIGATIONS, AND PRESERVING MARKET ACCESS ETC., BUT ALSO BUILT A VALUABLE TOOLKIT TO SUPPORT VOLUNTARY PRIVATE SECTOR PARTICIPATION. WE ALSO PUBLISHED THE TERMS OF REFERENCE FOR VOLUNTARY PRIVATE SECTOR PARTICIPATION IN THE G20/PARIS CLUB DSSI. THE GROUP OF TRUSTEES OF THE PRINCIPLES FOR STABLE CAPITAL FLOWS AND FAIR DEBT RESTRUCTURING: IN 2020, THE GROUP OF TRUSTEES HIGHLIGHTED THREE KEY MESSAGES. FIRST, LIQUIDITY PROBLEMS THAT PERSIST BEYOND THE SHORT TERM ARE REALLY SOLVENCY PROBLEMS AND SHOULD BE ADDRESSED USING WELL-ESTABLISHED MECHANISMS, INCLUDING AN IMF PROGRAM AND GOOD-FAITH DEBT RESTRUCTURING NEGOTIATIONS. SECOND, WHILE TRUE LIQUIDITY PROBLEMS MAY NOT REQUIRE POLICY CONDITIONALITY, EFFECTIVE RESOLUTION OF SOLVENCY CHALLENGES CANNOT BE FOUND WITHOUT IT. THIRD, EFFECTIVE SOLUTIONS TO THE DEBT PROBLEMS OF LOW-INCOME AND DEVELOPING COUNTRIES WILL REQUIRE MORE ACTIVE PARTICIPATION FROM THE MULTILATERALS SOME OF THE LARGEST CREDITORS TO THESE COUNTRIES. ADVOCACY ON GLOBAL FINANCIAL REGULATORY ISSUES: THE IMPACT OF THE COVID-19 PANDEMIC IN 2020 REPRESENTED A WATERSHED MOMENT FOR FINANCIAL REGULATION. IIF WORKED WITH REGULATORS, SUPERVISORS, AND STANDARD-SETTING BODIES TO EVALUATE AND EXCHANGE INSIGHTS ON HOW THE FINANCIAL SYSTEM FUNCTIONED DURING THE COVID-19 CRISIS AND CONTINUED TO PUSH BACK AGAINST REGULATORY FRAGMENTATION. IIF ALSO CONTINUED TO PRIORITIZE AML/CFT POLICY REFORM, ALIGNING EFFORTS INTERNATIONALLY AND ADVOCATING FOR ROBUST CHANGES TO ENHANCE INFORMATION SHARING, INCREASE BENEFICIAL OWNERSHIP TRANSPARENCY AND EXPAND THE USE OF TECHNOLOGICAL INNOVATION. WE ALSO BUILT ON OUR CYBER SECURITY WORK WITH AN EMPHASIS ON ADDRESSING REGULATORY FRAGMENTATION, CYBER INCIDENT REPORTING AND THE RELATED TOPIC OF OPERATIONAL RESILIENCE.REGULATORY RESPONSE TO COVID-19: DURING 2020, IIF ENGAGED WITH POLICYMAKERS TO ANALYZE AND PROVIDE FEEDBACK ON THE POLICY RESPONSE TO THE COVID-19 CRISIS. THE IIF ALSO CONTINUED ITS ANALYSIS OF THE IMPACT AND RELATED EFFECTS OF NEW RULES AND SUPERVISORY GUIDANCE, UNDERSCORING THE IMPORTANCE OF IMPACT ASSESSMENTS AND PROMOTING GREATER CROSS-BORDER REGULATORY CONSISTENCY AND THE AVOIDANCE OF FRAGMENTATION AND UNINTENDED CONSEQUENCES. THE IIF ALSO COMPILED A DATABASE SUMMARIZING EACH OF THE PRUDENTIAL REGULATORY MEASURES TAKEN TO DATE BY THE G20 AND OTHER LEADING JURISDICTIONS.PRUDENTIAL CAPITAL: IIF PARTICIPATED IN A DATA STUDY FOCUSING ON THE TRADING AND MARKET RISK ELEMENTS OF THE BASEL CAPITAL FRAMEWORK. IIF ALSO SUBMITTED INDUSTRY RESPONSES TO THE BASEL COMMITTEE ON BANKING SUPERVISION'S (BCBS) CONSULTATIVE DOCUMENTS ON THE "CAPITAL TREATMENT OF SECURITIZATIONS OF NON-PERFORMING LOANS AND REVISIONS TO ITS "PRINCIPLES FOR THE SOUND MANAGEMENT OF OPERATIONAL RISK."AML-CFT/ILLICIT FINANCE: IIF PROVIDED INDUSTRY INPUT ON NEW GUIDANCE AND STANDARDS EMANATING FROM THE FINANCIAL ACTION TASK FORCE, THE BCBS WORKING GROUP ON AML/CFT, AND NATIONAL AND REGIONAL SUPERVISORS AND LAW ENFORCEMENT AGENCIES. THE FOCUS REMAINS ON THREE KEY AREAS OF SYSTEMIC EFFECTIVENESS: REGULATORY ENGAGEMENT ON ANTI-FINANCIAL CRIME POLICY REFORM; ENGAGEMENT IN INDUSTRY DIALOGUE WITH REGULATORY AND ENFORCEMENT BODIES ON A GLOBAL BASIS TO ENHANCE PUBLIC/PRIVATE SECTOR COOPERATION; AND ENHANCEMENTS TO THE USE OF TECHNOLOGY TO FIGHT FINANCIAL CRIME.EFFECTIVE REGULATION: THE IIF CONTINUED ITS WORK TO IDENTIFY EFFECTIVE AND EFFICIENT APPROACHES FOR CROSS-BORDER REGULATION AND PROVIDE PRIVATE-SECTOR INPUT TO THE GLOBAL DIALOGUE ON DEVELOPMENT OF A NEW FINANCIAL REGULATORY ARCHITECTURE. WE CONTINUED TO COVER A RANGE OF KEY TOPICS BEYOND PRUDENTIAL REGULATION, WITH PARTICULAR EMPHASIS ON MARKET FRAGMENTATION, POST-REFORM IMPACT EVALUATIONS, INCLUDING TOO-BIG-TO-FAIL, EFFECTIVENESS OF SUPERVISORY COLLEGES, CCP RESOLUTION AND REFERENCE RATE REFORM. DIGITAL REGULATION AND INNOVATION. THE PANDEMIC HIGHLIGHTED THE IMPORTANCE OF INTERNATIONAL COORDINATION AND CO-OPERATION AND CROSS-SECTORAL CONSISTENCY IN DATA POLICY REGIMES. THIS CONTINUES TO GROW IN IMPORTANCE AS DIGITAL SERVICES REPRESENT AN INCREASING PORTION OF THE GLOBAL ECONOMY. IN 2020, IIF CONTINUED TO FOCUS ON ISSUES RELATED TO CLOUD, DIGITAL IDENTITY, DATA LOCALIZATION, AND CROSSBORDER PAYMENTS, AND WE CAREFULLY MONITORED DEVELOPMENTS ON CENTRAL BANK DIGITAL CURRENCIES AND STABLECOINS. THE IIF IS ALSO DRAFTING AN 'ETHICAL CHARTER' FOR DATA, IN CONJUNCTION WITH A GROUP OF MEMBER CHIEF DATA OFFICERS. GLOBAL POLICY INITIATIVES ON ESG, SUSTAINABILITY AND CLIMATE FINANCE. DURING 2020, THIS WORK STREAM CONTINUED TO RISE IN IMPORTANCE AND THE IIF MADE STRIDES ACROSS A NUMBER OF FRONTS INCLUDING THE ESTABLISHMENT OF THE TASKFORCE ON SCALING VOLUNTARY CARBON MARKETS, THE DEVELOPMENT OF A POSITION PAPER ON PRUDENTIAL APPROACHES TO CLIMATE-RELATED AND ENVIRONMENTAL RISKS, DEVELOPMENT OF A BOARD STATEMENT ON SUSTAINABLE FINANCE, WORK ON A SET OF PRINCIPLES FOR A U.S. TRANSITION TO A SUSTAINABLE LOW-CARBON ECONOMY, AND THE PUBLICATION OF OTHER RELATED, CUTTING-EDGE RESEARCH AND PUBLICATIONS.WORK OF THE IIF SFWG: OVER THE COURSE OF 2020, THE WORK OF IIF'S SUSTAINABLE FINANCE WORKING GROUP (SFWG) EVOLVED RAPIDLY IN RESPONSE TO CHANGING MARKET AND POLICY CONTEXTS IN PARTICULAR, THE COVID-19 PANDEMIC, WHICH HIGHLIGHTED SUSTAINABLE FINANCE AS A KEY CHANNEL FOR SUPPORTING ECONOMIC RECOVERY. THE WORK OF THE SFWG INCLUDED THE LAUNCH OF NEW INITIATIVES ON NATURE-RELATED FINANCIAL RISKS, THE DELIVERY OF TECHNICAL METHODOLOGIES FOR PORTFOLIO GREENHOUSE GAS (GHG) MEASUREMENT, AND CONTINUED PROLIFERATION OF NEW POLICY AND REGULATORY FRAMEWORKS ON CLIMATE RISK. A KEY THEME REMAINED AVOIDING MARKET FRAGMENTATION AND FINDING COMMON STANDARDS FOR ESG REPORTING. THE IIF IS ACTIVELY LEADING CUTTING-EDGE INITIATIVES ON ENVIRONMENTAL PRIORITIES AND SUPPORTING NEW EFFORTS INCLUDING IN AREAS LIKE BIODIVERSITY. SCALING VOLUNTARY CARBON MARKETS: THE IIF-SPONSORED TASKFORCE ON SCALING VOLUNTARY CARBON MARKETS (TSVCM) WAS ESTABLISHED IN 2020 WITH THE AIM OF DEVELOPING A ROADMAP TO HELP CATALYZE A MASSIVE SCALE-UP OF VOLUNTARY CARBON MARKETS IN SUPPORT OF GLOBAL CLIMATE TARGETS AND NET ZERO GOALS. THE TSVCM RELEASED AN INTERIM REPORT WHICH CONTAINED A SET OF 17 DETAILED RECOMMENDATIONS IN SIX KEY ACTIONS AREAS, INCLUDING ESTABLISHMENT OF A SET OF CORE CARBON PRINCIPLES AND AN ATTRIBUTE TAXONOMY, DEVELOPMENT OF REFERENCE CONTRACTS, TRADE AND POST-TRADE MARKET INFRASTRUCTURE TO ENHANCE MARKET EFFICIENCY AND BOLSTER LIQUIDITY, AS WELL AS ACTIONS TO CLARIFY THE LEGITIMACY OF OFFSETTING, ENHANCE MARKET INTEGRITY, AND STIMULATE DEMAND. IIF POSITION PAPER ON PRUDENTIAL APPROACHES TO CLIMATE-RELATED AND ENVIRONMENTAL RISKS: DURING 2020, THE IIF WORKED WITH MEMBERS TO FORMULATE COHERENT INDUSTRY PERSPECTIVES ON PRUDENTIAL APPROACHES TO CLIMATE-RELATED AND ENVIRONMENTAL RISKS IN THE YEARS AHEAD, INCLUDING PRIORITIES AND KEY CHALLENGES. THE PAPER, ENTITLED PRUDENTIAL PATHWAYS: INDUSTRY PERSPECTIVES ON SUPERVISORY AND REGULATORY APPROACHES TO CLIMATE-RELATED AND ENVIRONMENTAL RISKS, COMMUNICATED GLOBAL INDUSTRY VIEWS ON THE RAPIDLY EVOLVING SET OF SUPERVISORY AND REGULATORY APPROACHES AND ENCOURAGED COORDINATION AND ALIGNMENT OF APPROACHES ACROSS COUNTRIES TO REDUCE MARKET FRAGMENTATION. IIF BOARD STATEMENT ON SUSTAINABLE FINANCE: BUILDING ON LONG-STANDING BOARD SUPPORT FOR THE IIF'S WORK ON SUSTAINABILITY THE IIF BOARD STATEMENT ON SUSTAINABLE FINANCE IS A POWERFUL ARTICULATION OF HIGH-LEVEL VIEWS FROM THE GLOBAL FINANCIAL SECTOR ON INTERNATIONAL SUSTAINABLE FINANCE POLICY AND REGULATION, ADDRESSING BOTH THE RISKS AND THE OPPORTUNITIES ASSOCIATED WITH CLIMATE CHANGE. PRINCIPLES FOR A U.S. TRANSITION TO A SUSTAINABLE LOW-CARBON ECONOMY: THE IIF CONVENED A BROAD-BASED, CROSS-SECTORAL COALITION TO COMMUNICATE SHARED VIEWS ON A NEW U.S. POSITION ON CLIMATE ISSUES AND THE ROLE OF THE FINANCIAL SECTOR IN DELIVERING THE LOW-CARBON TRANSITION. THE GROUP IS WORKING ON DEVELOPING A SET OF PRINCIPLES FOR A U.S. TRANSITION TO A SUSTAINABLE LOW-CARBON ECONOMY, DESIGNED TO SERVE AS A FRAMEWORK. 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 29 0 1 83 1 0 1 CH SN 0 0 0 0 1 0 X 45 44 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 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 2819960 0 49969 CLAY LOWERY EXECUTIVE VICE PRESIDENT 40.00 X 1035649 0 49969 ANDRES PORTILLA MANAGING DIRECTOR 40.00 X 851614 0 49874 ROBIN BROOKS MANAGING DIRECTOR 40.00 X 624871 0 36643 BRAD CARR MANAGING DIRECTOR 40.00 X 605504 0 49969 SONJA GIBBS MANAGING DIRECTOR 40.00 X 614786 0 28751 ELIZABETH ROBERTS GENERAL COUNSEL 40.00 X 537135 0 28500 BARRIE ORELLANA MANAGING DIRECTOR 35.00 X 504526 0 49969 MARTIN BOER SENIOR DIRECTOR 40.00 X 505978 0 43636 CHRISTOPHER FULGHUM MANAGING DIRECTOR 40.00 X 491368 0 49969 LOREN BUSHKAR MANAGING DIRECTOR 40.00 X 493834 0 36643 ELINA RIBAKOVA DEPUTY CHIEF ECONOMIST 40.00 X 489652 0 38569 SERGI LANAU DEPUTY CHIEF ECONOMIST 40.00 X 462960 0 28500 MARY FRANCES MONROE DIR., INSURANCE REG. AND POLICY 40.00 X 449742 0 29337 AXEL WEBER CHAIRMAN 2.00 X X 0 0 0 SIM TSHABALALA VICE CHAIR. AND TREAS. 2.00 X X 0 0 0 CANDIDO BRACHER VICE CHAIRMAN 2.00 X X 0 0 0 WALTER KIELHOLZ VICE CHAIRMAN 2.00 X X 0 0 0 PLYUSH GUPTA 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 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 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 THOMAS GIBBONS BOARD DIRECTOR 2.00 X 0 0 0 PETER KING 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 KANETSUGU MIKE BOARD DIRECTOR 2.00 X 0 0 0 JEAN-PIERRE MUSTIER BOARD DIRECTOR 2.00 X 0 0 0 RANIA MAHMOUD NASHAR 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 FREDERIC OUDEA BOARD DIRECTOR 2.00 X 0 0 0 DANIEL PINTO BOARD DIRECTOR 2.00 X 0 0 0 BRIAN PORTER BOARD DIRECTOR 2.00 X 0 0 0 URS ROHNER BOARD DIRECTOR 2.00 X 0 0 0 ALISON ROSE 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 BERNHARD SPALT 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 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 JOSE VINALS BOARD DIRECTOR 2.00 X 0 0 0 JOHN WALDRON BOARD DIRECTOR 2.00 X 0 0 0 STEVEN VAN RIJSWIJKK 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 10487579 0 570298 52 0 1 0 MCKINSEY & COMPANY INC PO BOX 7247-7255 PHILADELPHIA PA 19170 CONSULTING 748323 GREYSTOKE RUE FRANCOIS STROOBANT 36 B-1050 I BRUSSELS BE PROGRAM SERVICES CONSULTANT 444010 BLOOMBERG LP 731 LEXINGTON AVENUE NEW YORK NY 10022 DATA SUBSCRIPTION SERVICES 243035 PROTECH 5457 TWIN KNOLLS ROAD COLUMBIA MD 21045 SOFTWARE PROGRAMMING 219608 PREMIER GLOBAL SERVICE PO BOX 404351 ATLANTA GA 30384 CONFERENCE CALL SERVICE 167009 11 1245877 1245877 MEMBERSHIP DUES 900099 29716598 29716598 SPONSORSHIP INCOME 900099 525500 525500 REGISTRATION FEES 900099 9900 9900 30251998 717556 717556 6515276 6998595 -483319 -483319 -483319 SUBLEASE INCOME 900099 91432 91432 EXCHANGE RATE ADJUSTMENT 900099 41411 41411 REGULATORY AFFAIRS 900099 31151 31151 163994 31896106 29726498 0 923731 8443868 11957734 897070 1299942 911263 227239 187944 80523 2229864 525573 292921 2626682 427628 604570 660695 77292 SUBSCRIPTIONS/BOOKS 614632 TAXES AND FEES 453524 RECRUITMENT 93459 MISCELLANOUS 20461 1712 32634596 193177 116538 16992052 15329563 0 475312 259463 166808 1052677 1126309 7393694 5881605 2124356 1512089 23055512 25820122 215309 232628 43892546 44779369 2160487 2544929 11572135 11095707 3731177 2978859 17463799 16619495 X 26428747 28159874 26428747 28159874 43892546 44779369 -738490 2469617 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 4643660 3362084 1281576 2496122 2345771 150351 253912 173750 80162 1512089 DEFERRED RENT AND LEASE INCENTIVE 2978859 2978859 X PART X, LINE 2: THE INSTITUTE EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019, 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 573491 EAST ASIA AND THE PACIFIC 2 4 PROGRAM SERVICES ECONOMIC ANALYSIS AND MEMBERSHIP DEVELOPMENT 827984 MIDDLE EAST AND NORTH AFRICA 1 2 PROGRAM SERVICES MEMBERSHIP DEVELOPMENT 750157 4 6 0 0 4 6 2151632 0 2151632 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 1350000 0 1450000 0 19960 0 28500 0 21469 0 2869929 0 0 0 CLAY LOWERY EXECUTIVE VICE PRESIDENT 510000 0 535500 0 -9851 0 28500 0 21469 0 1085618 0 0 0 ANDRES PORTILLA MANAGING DIRECTOR 427380 0 427380 0 -3146 0 28500 0 21374 0 901488 0 0 0 ROBIN BROOKS MANAGING DIRECTOR 360570 0 259610 0 4691 0 28500 0 8143 0 661514 0 0 0 BRAD CARR MANAGING DIRECTOR 315000 0 299250 0 -8746 0 28500 0 21469 0 655473 0 0 0 SONJA GIBBS MANAGING DIRECTOR 315000 0 299250 0 536 0 28500 0 251 0 643537 0 0 0 ELIZABETH ROBERTS GENERAL COUNSEL 331500 0 198900 0 6735 0 28500 0 0 0 565635 0 0 0 BARRIE ORELLANA MANAGING DIRECTOR 258520 0 245594 0 412 0 28500 0 21469 0 554495 0 0 0 MARTIN BOER SENIOR DIRECTOR 286684 0 220747 0 -1453 0 28500 0 15136 0 549614 0 0 0 CHRISTOPHER FULGHUM MANAGING DIRECTOR 278566 0 222853 0 -10051 0 28500 0 21469 0 541337 0 0 0 LOREN BUSHKAR MANAGING DIRECTOR 280500 0 210375 0 2959 0 28500 0 8143 0 530477 0 0 0 ELINA RIBAKOVA DEPUTY CHIEF ECONOMIST 306000 0 192780 0 -9128 0 17100 0 21469 0 528221 0 0 0 SERGI LANAU DEPUTY CHIEF ECONOMIST 280500 0 182325 0 135 0 28500 0 0 0 491460 0 0 0 MARY FRANCES MONROE DIR., INSURANCE REG. AND POLICY 285600 0 157080 0 7062 0 28500 0 837 0 479079 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 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 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, 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 2020 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. 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 342447 930312 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.