2025-07-28T12:25:06+00:00 2024-12-31 135381590 BDO USA 8401 GREENSBORO DR STE 800 MCLEAN VA 221023599 990 2024-01-01 521289843 INSTITUTE OF INTERNATIONAL FINANCE INST 2028573600 1333 H St NW 1010E WASHINGTON DC 20005 Timothy D Adams PRESIDENT & CEO 2028573600 2025-07-28 true TODD TERESCO P00247720 7038930600 2025-07-28 2024 2025-03-06 01:10:19Z X TIMOTHY D ADAMS 1333 H St NW 1010E WASHINGTON DC 20005 46707199 false X WWW.IIF.COM X 1983 DC TO SUPPORT FINANCIAL INDUSTRY IN PRUDENTLY MANAGING RISKS AND TO FOSTER GLOBAL FINANCIAL STABILITY. 48 47 76 47 0 250000 68503 32685178 32752586 1757909 1308172 92142 39642 34785229 34168903 0 0 0 0 23388790 22932998 0 0 0 10342999 12095493 33731789 35028491 1053440 -859588 40901723 61094562 12307885 32089811 28593838 29004751 X SEE SCHEDULE O. false false ECONOMIC RESEARCH. IIF'S ECONOMIC RESEARCH DEPARTMENT CONTINUES TO LEAD IN THE FIELD OF MACROECONOMIC RESEARCH FOR EMERGING MARKETS. OUR PRIMARY PUBLICATION, GLOBAL MACRO VIEWS, ALONG WITH REPORTS SPECIFIC TO INDIVIDUAL COUNTRIES, HAVE CENTERED ON IMPORTANT THEMES WITHIN THE BACKDROP OF THE PERSISTENT GLOBAL GEOPOLITICAL UNCERTAINTY. OUR REPORTS IN 2024 HELPED TO IDENTIFY, ASSESS AND RECALIBRATE GLOBAL RISKS FROM TRADE TENSIONS, MILITARY CONFLICTS, FINANCIAL SANCTIONS, ECONOMIC FRAGMENTATION AND RISING DEBT LEVELS, ALL SET AGAINST A BACKDROP OF AN UNUSUALLY LARGE NUMBER OF CONSEQUENTIAL POLITICAL ELECTIONS OCCURRING THIS YEAR. THE TEAM CONTINUED TO WORK ON PAPERS THAT REFLECTED THESE GEOPOLITICAL UNCERTAINTIES, SUCH AS THE CRISIS IN THE MIDDLE EAST; ECONOMIC DEVELOPMENTS IN COUNTRIES GOING THROUGH SIGNIFICANT ELECTIONS, SUCH AS MEXICO; AND ON CHINA'S MONETARY AND FISCAL STIMULUS LAID OUT IN SEPTEMBER AND OCTOBER. A RECORD NUMBER OF MEMBERS ALSO JOINED OUR ECONOMIC RESEARCH TEAM ON IIF-LED INVESTOR TRIPS IN VARIOUS REGIONS, INCLUDING TO BRAZIL, CHINA, EGYPT, AND EASTERN EUROPE. THE IIF ALSO REMAINED COMMITTED TO HIGHLIGHTING DEBT-RELATED VULNERABILITIES ACROSS MATURE AND EMERGING MARKETS VIA ITS FLAGSHIP GLOBAL DEBT MONITOR AND THEMATIC REPORTS. AS A KEY PRIVATE SECTOR REPRESENTATIVE TO THE IMF'S GLOBAL SOVEREIGN DEBT ROUNDTABLE (GSDR), THE IIF WILL CONTINUE TO SHARE DEVELOPMENTS WITH OUR MEMBERS, MORE IMPORTANT NOW THAN EVER AS THE USE OF THE COMMON FRAMEWORK IS TESTED AND CHALLENGED. REGULATORY AFFAIRS. AS REGULATORS CONTINUE TO REVIEW AND REVISE POLICIES, WE HAVE ENGAGED AND RESPONDED TO KEY CONSULTATIONS ACROSS JURISDICTIONS, ENSURING POLICIES PROMOTE EFFICIENT CAPITAL MARKETS AND THE MOBILIZATION OF INVESTMENT AND SAVINGS FOR THE BENEFIT OF LOCAL ECONOMIES. REGARDING PRUDENTIAL REGULATION AND FRAGMENTATION, THE IIF CONTINUED TO AGGRESSIVELY ADVOCATE FOR AN EFFICIENT, INTERNATIONALLY ALIGNED REGULATORY FRAMEWORK FROM A PRO-GROWTH PERSPECTIVE. WE HAVE ADVOCATED AGAINST THE VIEW THAT "MORE CAPITAL" IS ALWAYS BETTER AND AGAINST EXCESSIVELY ONEROUS SUPERVISORY PRACTICES THAT ARE STIFLING AND UNPREDICTABLE. THE IIF CONTINUED TO FOCUS ON HOW MITIGATE THE RISK OF FRAGMENTATION AS DIFFERING APPROACHES FROM SUPERVISORS TO CAPITAL AND LIQUIDITY REMAIN A KEY CONCERN. GOING FORWARD, THE IIF WILL NEED TO FOCUS ON THE BASEL III ENDGAME, A LEVEL PLAYING FIELD AND ON THE FUTURE OF GLOBAL STANDARD SETTING MORE BROADLY. REGARDING INSURANCE ISSUES, WE CONTINUED TO STRIVE FOR EFFICIENT AND PRAGMATIC CAPITAL REGULATION AND AVOIDING MISGUIDED APPROACHES TO SYSTEMIC RISK IN THE INSURANCE SECTOR. WE HAVE ALSO REINFORCED OUR ADVOCACY IN EMERGING AREAS, INCLUDING THE USE OF AI, CYBER AND OPERATIONAL RESILIENCE. FINALLY, WE CLOSELY WATCHED BOTH THE STRUCTURAL SHIFTS IN THE INSURANCE BUSINESS MODEL, INCLUDING PRIVATE EQUITY OWNED OR INFLUENCED INSURERS AND OFFSHORE ARRANGEMENTS, AND THE RESULTING REGULATORY RESPONSE. REGARDING NON-BANK FINANCIAL INTERMEDIATION (NBFI), WE RESPONDED TO MEMBER CONCERNS ABOUT POTENTIAL COMPETITIVE INEQUALITIES VIS-A-VIS NON-BANK PLAYERS AND HAD HAD AN ACTIVE YEAR ENGAGING WITH EXPERTS AND POLICY MAKERS TO GATHER EVIDENCE AND CONDUCT ANALYSIS OF POTENTIAL SYSTEMIC RISKS. REGARDING CYBER SECURITY, RESILIENCE AND THIRD-PARTY RISK, WE CONTINUED ADVOCATING FOR PRAGMATIC AND EFFECTIVE GLOBAL STANDARDS REGARDING CYBER RISK MANAGEMENT, THIRD PARTY RISKS AND THE DEVELOPMENT OF OPERATIONAL RESILIENCE PRINCIPLES FOR THE FINANCIAL SECTOR. THE IIF HAS SUPPORTED EFFORTS TO REDUCE FRAGMENTATION, INCLUDING IN THE AREA OF CYBER INCIDENT REPORTING. SUSTAINABLE FINANCE. IN 2024, OUR FOCUS ON SUSTAINABLE FINANCE CONTINUED TO UNDERSCORE THAT THE FINANCIAL SECTOR CAN ENABLE-BUT NOT DRIVE- THE NET-ZERO TRANSITION, THAT BEING THE ROLE OF POLICYMAKERS. TO THAT END, IIF PUBLISHED "RESETTING THE DEBATE ON THE ROLE OF PRIVATE FINANCE IN THE NET-ZERO TRANSITION" TO ENGAGE REGULATORS AND SUPERVISORS GLOBALLY TO REFRAME THE ROLE OF THE FINANCIAL SECTOR IN THE NET-ZERO TRANSITION. WE HAVE SUPPORTED OUR MEMBERS IN THIS ENABLING ROLE- HOLDING 8 TRANSITION FINANCE WORKSHOPS GLOBALLY, FROM SAO PAOLO AND NEW YORK TO SINGAPORE AND KUALA LUMPUR, ENGAGING MORE THAN 400 PARTICIPANTS. OUR 2024 SUSTAINABLE FINANCE ROUNDTABLES AND FORA ALONE WELCOMED MORE THAN 700 PARTICIPANTS. IN 2025, WE WILL AMPLIFY OUR SUSTAINABLE FINANCE ADVOCACY IN EUROPE FOR A MORE PRAGMATIC EU SUSTAINABLE FINANCE AGENDA THAT SUPPORTS GROWTH AND COMPETITIVENESS. DIGITAL FINANCE. ON DIGITAL FINANCE ISSUES, THE IIF BEGAN PARTNERING WITH THE BIS ON PROJECT AGORA, A GLOBAL EXPLORATION OF HOW TOKENIZATION CAN ENHANCE THE FUNCTIONING OF WHOLESALE CROSS-BORDER PAYMENTS. THIS EFFORT IS PART OF OUR BROADER WORK ON PAYMENTS, INCLUDING WITH THE FSB AND THE G20. WE CONTINUED TO ADVOCATE FOR A MORE PRAGMATIC APPROACH TO DIGITAL ASSETS, AND TO RAISE RISKS IN RETAIL CBDC PROJECTS. THE IIF HAS ESTABLISHED ITSELF AS THE LEADING INDUSTRY PARTNER INFORMING POLICYMAKER EFFORTS AS THEY PURSUE NEW PLATFORMS FOR TOKENIZED DEPOSITS, TOKENIZED ASSETS, AND NEW GLOBAL STANDARDS FOR DIGITAL ASSETS. RECOGNIZING THE POTENTIAL TRANSFORMATIVE IMPACT OF AI AND NEW TECHNOLOGIES, THIS YEAR, THE IIF LAUNCHED THE AI/ML EXPERTS GROUP TO ENGAGE INDUSTRY LEADERS AND INCREASED OUR FOCUS ON QUANTUM PREPAREDNESS. GLOBAL EVENTS. IN ADDITION TO ROUNDTABLES AND THEMATIC CONVERSATIONS THAT COVER THE ABOVE TOPICS, THE IIF'S 2024 FLAGSHIP EVENTS INCLUDED THE GLOBAL OUTLOOK FORUM DURING SPRING MEETINGS WEEK IN WASHINGTON, DC, IN APRIL AND REGIONAL EVENTS, SUCH ARE OUR EUROPEAN SUMMIT IN PARIS AND CANADA FORUM IN TORONTO. OUR ANNUAL MEMBERSHIP MEETING RETURNED IN FULL FORCE TO WASHINGTON, DC, WITH 1,275 ATTENDEES, 66 SESSIONS AND NEARLY 200 SPEAKERS, REINFORCING IIF'S FORWARD-LOOKING COMMITMENT TO ADDRESSING THE INDUSTRY'S MOST RELEVANT CHALLENGES. OVER THE COURSE OF THE YEAR, OUR MEMBERS CONTINUED TO BE ENTHUSIASTIC (~8,000 ATTENDEES) AND WIDESPREAD (REPRESENTING ~100 COUNTRIES)-WE EXPECT THIS TURNOUT OUT TO BE EVEN GREATER AS WE CLOSE OUT THE YEAR. WE REMAIN FOCUSED ON THE IMPORTANCE OF SHOWCASING DIVERSE VOICES. OUR ~1,000 SPEAKERS MADE MORE THAN 100 EVENTS A ROBUST SHOWCASE OF PUBLIC SECTOR SENIOR OFFICIALS AND OUR MEMBERS' THOUGHT LEADERS. GOING INTO 2025, WE WILL CONTINUE TO HOLD REGIONAL EVENTS, WITH AN AUSTRALIA FORUM AND EUROPEAN SUMMIT IN MARCH, ALONGSIDE OUR FLAGSHIP ANNUAL MEMBERSHIP MEETING IN WASHINGTON, DC. MEMBER SERVICES. WE HAVE PUT MEMBER KEY CONCERNS AND TOPICS OF INTEREST AS CENTRAL TO OUR MEDIA AND EVENTS. AS A RESULT, IIF CONTENT HAS GARNERED MORE THAN 16,000 MEDIA MENTIONS, WITH MORE THAN 5,000 MENTIONS THAT INCLUDED GROWTH AND COMPETITIVENESS. WE EXPECT EVEN MORE AS WE CLOSE OUT THE YEAR. OUR ANNUAL MEMBERSHIP MEETING IN OCTOBER GARNERED 1,300 ARTICLE MENTIONS ALONE, WITH MORE THAN 50 IN TOP-TIER PUBLICATIONS. IIF CONTINUES TO LEAD ITS PEER ORGANIZATIONS IN TOP-TIER MEDIA COVERAGE, EARNING NEARLY A THIRD OF COVERAGE. ORGANIC SOCIAL MEDIA ENGAGEMENT HAS INCREASED MORE THAN 400% AND WE CONTINUE TO GROW PRESENCE AND SHARE OF VOICE VIA PODCASTS, AND ON SOCIAL MEDIA, WITH ~400K (AND COUNTING) IMPRESSIONS ACROSS X AND LINKEDIN.THE FUTURE LEADERS GROUP CONTINUES TO RECOGNIZE EMERGING LEADERS OF THE FINANCIAL INDUSTRY. THE CLASS OF 2024 CONSISTED OF 60 PARTICIPANTS FROM 58 INSTITUTIONS REPRESENTING 26 COUNTRIES. DURING THE EUROPEAN SUMMIT IN PARIS AND ALONGSIDE THE AMM IN WASHINGTON, THE CLASS WAS INTRODUCED TO C-SUITE SPEAKERS AND POLICYMAKERS, DISCUSSING TOPICS RANGING FROM FINANCIAL STABILITY TO NATURE-RELATED FINANCIAL RISK AND THE IMPACT OF GENERATIVE AI. WE HAVE HAD ROBUST INTEREST IN THE CLASS FOR 2025 AND WILL WELCOME A CLASS OF 65 AT THE BEGINNING OF THE NEW YEAR, OUR LARGEST CLASS TO DATE. 0 false true false false true false false false false false true false false true true true false true false true true false false false false false false false false true false false false false false false false false false false false false false false true false false false false false true X 34 0 true 76 true false true SN CH false false false false true false X 48 47 false false false false true true true true true false false false false true true true true true true false false false X BARRIE ORELLANA 2028573316 1333 H STREET NW 1010E WASHINGTON DC 20005 Ana Botin Chairman 2.0 0.0 X X 0 0 0 Michel M Lies Vice Chairman 2.0 0.0 X X 0 0 0 Piyush Gupta Vice Chairman (THRU 10/24) 2.0 0.0 X X 0 0 0 Sim Tshabalala Vice Chair. and Treas. 2.0 0.0 X X 0 0 0 Timothy Adams President/CEO 40.0 0.0 X X 2940000 0 57099 Abdulaziz Al-Helaissi Board Director 2.0 0.0 X 0 0 0 Abdulla Al-Khalifa Board Director 2.0 0.0 X 0 0 0 Akihiro Fukutome Board Director 2.0 0.0 X 0 0 0 Anne Richards Board Director 2.0 0.0 X 0 0 0 Bettina Orlopp Board Director 2.0 0.0 X 0 0 0 C S Venkatakrishnan Board Director 2.0 0.0 X 0 0 0 Carlos Torres-Vila Board Director 2.0 0.0 X 0 0 0 Cezary Stypulkowski Board Director 2.0 0.0 X 0 0 0 Charles Scharf Board Director 2.0 0.0 X 0 0 0 Christian Sewing Board Director 2.0 0.0 X 0 0 0 Daniel Pinto Board Director 2.0 0.0 X 0 0 0 David McKay Board Director 2.0 0.0 X 0 0 0 Douglas Flint Board Director 2.0 0.0 X 0 0 0 Edward Pick Board Director 2.0 0.0 X 0 0 0 Hana Al-Rostamani Board Director 2.0 0.0 X 0 0 0 Helen Wong Board Director 2.0 0.0 X 0 0 0 Howard Davies Board Director (THRU 07/24) 2.0 0.0 X 0 0 0 Jacques de Vaucleroy Board Director 2.0 0.0 X 0 0 0 Jean Lemierre Board Director 2.0 0.0 X 0 0 0 Jessica Tan Board Director (THRU 01/24) 2.0 0.0 X 0 0 0 Johan Torgeby Board Director 2.0 0.0 X 0 0 0 JOHN DUGAN Board Director 2.0 0.0 X 0 0 0 John Waldron Board Director 2.0 0.0 X 0 0 0 Jose Vinals Board Director 2.0 0.0 X 0 0 0 Juan Carlos Mora Urib Board Director 2.0 0.0 X 0 0 0 Kanetsugu Mike Board Director 2.0 0.0 X 0 0 0 Karl Guha Board Director 2.0 0.0 X 0 0 0 Manfred Knof Vice Chairman (THRU 10/24) 2.0 0.0 X 0 0 0 Mark Tucker Board Director 2.0 0.0 X 0 0 0 Masahiro Kihara Board Director 2.0 0.0 X 0 0 0 Milton Filho Maluhy Board Director 2.0 0.0 X 0 0 0 Olaug Svarva Board Director 2.0 0.0 X 0 0 0 Oliver Bate Board Director 2.0 0.0 X 0 0 0 Peter Bosek Board Director 2.0 0.0 X 0 0 0 Peter King Board Director 2.0 0.0 X 0 0 0 Pietro Carlo Padoan Board Director 2.0 0.0 X 0 0 0 Rick Haythomthwaite Board Director 2.0 0.0 X 0 0 0 Robin Vince Board Director 2.0 0.0 X 0 0 0 Ronald O'Hanley Board Director 2.0 0.0 X 0 0 0 Saeed Al-Ghamdi Board Director (THRU 07/24) 2.0 0.0 X 0 0 0 Sergio Ermotti Board Director 2.0 0.0 X 0 0 0 Shemara Wikramanayake Board Director (THRU 02/24) 2.0 0.0 X 0 0 0 Shriti Vadera Board Director 2.0 0.0 X 0 0 0 Siqing Chen Board Director (THRU 02/24) 2.0 0.0 X 0 0 0 Slawomir Krupa Board Director 2.0 0.0 X 0 0 0 Su Shan Tan Board Director 2.0 0.0 X 0 0 0 Suzan Sabanci Board Director 2.0 0.0 X 0 0 0 Tareq Al-Sadhan Board Director 2.0 0.0 X 0 0 0 Tetsuo Ohkubo Board Director 2.0 0.0 X 0 0 0 Thomas Buberl Board Director 2.0 0.0 X 0 0 0 Willibald Cernko Board Director (THRU 07/24) 2.0 0.0 X 0 0 0 Elizabeth Roberts General Counsel 40.0 0.0 X 564642 0 34500 Andres Portilla Managing Director 40.0 0.0 X 882721 0 57005 Barrie Orellana Managing Director 40.0 0.0 X 554769 0 57099 Christopher Fulghum Managing Director 40.0 0.0 X 548401 0 57099 Clay Lowery Executive VP 40.0 0.0 X 1164759 0 57099 Jessica Renier Managing Director 40.0 0.0 X 706123 0 43072 Marcello Estevao Managing Director (THRU 12/24) 40.0 0.0 X 309375 0 27188 Sonja Gibbs Managing Director 40.0 0.0 X 730027 0 34751 Emre Tiftik Director 40.0 0.0 X 444194 0 34500 Garbis Iradian Chief Economist MENA 40.0 0.0 X 447758 0 34500 Martin Boer Senior Director 40.0 0.0 X 571921 0 56848 Mary Frances Monroe Director 40.0 0.0 X 518953 0 35424 Richard Gray Director 40.0 0.0 X 499388 0 52858 10883031 0 639042 14 false true false Ernst and Young LLP 200 Plaza Dr 1st Floor Secaucus NJ 07094 Program Services Consultant 1060000 Wolfgang Engel Reisberferweg 7 83700 RottachEgern GM 83700 Program Services Consultant 487704 Greystroke SRLBV RUE Francois Stroobant 36 B-1050 Ixelles Brussels BE Program Services Consultant 469446 Jeremy McDaniels 14 Ungarnsgade 5 Sal Copenhagen DA 2300 Program Services Consultant 307026 Laurence F White 105 McConnell Street Kensington AS VIC3031 Program Services Consultant 131978 5 18503 50000 68503 MEMBERSHIP DUES 900099 29554397 29554397 SPONSORSHIP INCOME 900099 1183606 1183606 PROGRAM & SERVICE FEES 900099 1584765 1584765 REGISTRATION FEE INCOME 900099 429818 429818 0 0 0 0 32752586 1497503 1497503 0 0 12348965 0 12538296 -189331 0 -189331 -189331 0 OTHER INCOME 900099 39642 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THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN FASB ASC TOPIC 740, INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE INSTITUTE EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, 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. IT IS THE INSTITUTE'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAINTY IN INCOME TAXES, IF ANY, IN INCOME TAX OR INTEREST EXPENSE. AS OF DECEMBER 31, 2024 AND 2023, THE INSTITUTE HAD NO ACCRUAL FOR INTEREST AND/OR PENALTIES. Europe (Including Iceland and Greenland) 1 1 Program Services Member outreach 534047 East Asia and the Pacific 2 4 Program Services Member outreach 1854527 Middle East and North Africa 1 2 Program Services Member outreach 835742 4 7 0 0 4 7 3224316 0 3224316 false false false false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual X X X X false false false Timothy Adams President/CEO 1450000 0 1485000 0 5000 0 34500 0 22599 0 2997099 0 0 0 Elizabeth Roberts General Counsel 360362 0 198199 0 6081 0 34500 0 0 0 599142 0 0 0 Clay Lowery Executive VP 554403 0 609843 0 513 0 34500 0 22599 0 1221858 0 0 0 Andres Portilla Managing Director 464590 0 418131 0 0 0 34500 0 22505 0 939726 0 0 0 Sonja Gibbs Managing Director 380375 0 342337 0 7315 0 34500 0 251 0 764778 0 0 0 Jessica Renier Managing Director 367920 0 331128 0 7075 0 34500 0 8572 0 749195 0 0 0 Marcello Estevao Managing Director (THRU 12/24) 187500 0 121875 0 0 0 27188 0 0 0 336563 0 0 0 Barrie Orellana Managing Director 289058 0 260152 0 5559 0 34500 0 22599 0 611868 0 0 0 Christopher Fulghum Managing Director 302819 0 242256 0 3326 0 34500 0 22599 0 605500 0 0 0 Martin Boer Senior Director 317770 0 244683 0 9468 0 34500 0 22348 0 628769 0 0 0 Richard Gray Director 296972 0 193032 0 9384 0 34500 0 18358 0 552246 0 0 0 Mary Frances Monroe Director 316583 0 196282 0 6088 0 34500 0 924 0 554377 0 0 0 Garbis Iradian Chief Economist MENA 287024 0 160734 0 0 0 34500 0 0 0 482258 0 0 0 Emre Tiftik Director 270977 0 168006 0 5211 0 34500 0 0 0 478694 0 0 0 Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $) DIGITAL FINANCE. ON DIGITAL FINANCE ISSUES, THE IIF BEGAN PARTNERING WITH THE BIS ON PROJECT AGORA, A GLOBAL EXPLORATION OF HOW TOKENIZATION CAN ENHANCE THE FUNCTIONING OF WHOLESALE CROSS-BORDER PAYMENTS. THIS EFFORT IS PART OF OUR BROADER WORK ON PAYMENTS, INCLUDING WITH THE FSB AND THE G20. WE CONTINUED TO ADVOCATE FOR A MORE PRAGMATIC APPROACH TO DIGITAL ASSETS, AND TO RAISE RISKS IN RETAIL CBDC PROJECTS. THE IIF HAS ESTABLISHED ITSELF AS THE LEADING INDUSTRY PARTNER INFORMING POLICYMAKER EFFORTS AS THEY PURSUE NEW PLATFORMS FOR TOKENIZED DEPOSITS, TOKENIZED ASSETS, AND NEW GLOBAL STANDARDS FOR DIGITAL ASSETS. RECOGNIZING THE POTENTIAL TRANSFORMATIVE IMPACT OF AI AND NEW TECHNOLOGIES, THIS YEAR, THE IIF LAUNCHED THE AI/ML EXPERTS GROUP TO ENGAGE INDUSTRY LEADERS AND INCREASED OUR FOCUS ON QUANTUM PREPAREDNESS. Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $) GLOBAL EVENTS. IN ADDITION TO ROUNDTABLES AND THEMATIC CONVERSATIONS THAT COVER THE ABOVE TOPICS, THE IIF'S 2024 FLAGSHIP EVENTS INCLUDED THE GLOBAL OUTLOOK FORUM DURING SPRING MEETINGS WEEK IN WASHINGTON, DC, IN APRIL AND REGIONAL EVENTS, SUCH ARE OUR EUROPEAN SUMMIT IN PARIS AND CANADA FORUM IN TORONTO. OUR ANNUAL MEMBERSHIP MEETING RETURNED IN FULL FORCE TO WASHINGTON, DC, WITH 1,275 ATTENDEES, 66 SESSIONS AND NEARLY 200 SPEAKERS, REINFORCING IIF'S FORWARD-LOOKING COMMITMENT TO ADDRESSING THE INDUSTRY'S MOST RELEVANT CHALLENGES. OVER THE COURSE OF THE YEAR, OUR MEMBERS CONTINUED TO BE ENTHUSIASTIC (~8,000 ATTENDEES) AND WIDESPREAD (REPRESENTING ~100 COUNTRIES)-WE EXPECT THIS TURNOUT OUT TO BE EVEN GREATER AS WE CLOSE OUT THE YEAR. WE REMAIN FOCUSED ON THE IMPORTANCE OF SHOWCASING DIVERSE VOICES. OUR ~1,000 SPEAKERS MADE MORE THAN 100 EVENTS A ROBUST SHOWCASE OF PUBLIC SECTOR SENIOR OFFICIALS AND OUR MEMBERS' THOUGHT LEADERS. GOING INTO 2025, WE WILL CONTINUE TO HOLD REGIONAL EVENTS, WITH AN AUSTRALIA FORUM AND EUROPEAN SUMMIT IN MARCH, ALONGSIDE OUR FLAGSHIP ANNUAL MEMBERSHIP MEETING IN WASHINGTON, DC. Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $) MEMBER SERVICES. WE HAVE PUT MEMBER KEY CONCERNS AND TOPICS OF INTEREST AS CENTRAL TO OUR MEDIA AND EVENTS. AS A RESULT, IIF CONTENT HAS GARNERED MORE THAN 16,000 MEDIA MENTIONS, WITH MORE THAN 5,000 MENTIONS THAT INCLUDED GROWTH AND COMPETITIVENESS. WE EXPECT EVEN MORE AS WE CLOSE OUT THE YEAR. OUR ANNUAL MEMBERSHIP MEETING IN OCTOBER GARNERED 1,300 ARTICLE MENTIONS ALONE, WITH MORE THAN 50 IN TOP-TIER PUBLICATIONS. IIF CONTINUES TO LEAD ITS PEER ORGANIZATIONS IN TOP-TIER MEDIA COVERAGE, EARNING NEARLY A THIRD OF COVERAGE. ORGANIC SOCIAL MEDIA ENGAGEMENT HAS INCREASED MORE THAN 400% AND WE CONTINUE TO GROW PRESENCE AND SHARE OF VOICE VIA PODCASTS, AND ON SOCIAL MEDIA, WITH ~400K (AND COUNTING) IMPRESSIONS ACROSS X AND LINKEDIN.THE FUTURE LEADERS GROUP CONTINUES TO RECOGNIZE EMERGING LEADERS OF THE FINANCIAL INDUSTRY. THE CLASS OF 2024 CONSISTED OF 60 PARTICIPANTS FROM 58 INSTITUTIONS REPRESENTING 26 COUNTRIES. DURING THE EUROPEAN SUMMIT IN PARIS AND ALONGSIDE THE AMM IN WASHINGTON, THE CLASS WAS INTRODUCED TO C-SUITE SPEAKERS AND POLICYMAKERS, DISCUSSING TOPICS RANGING FROM FINANCIAL STABILITY TO NATURE-RELATED FINANCIAL RISK AND THE IMPACT OF GENERATIVE AI. WE HAVE HAD ROBUST INTEREST IN THE CLASS FOR 2025 AND WILL WELCOME A CLASS OF 65 AT THE BEGINNING OF THE NEW YEAR, OUR LARGEST CLASS TO DATE. Form 990, Part VI, Line 6 Classes of members or stockholders MEMBERSHIP IN THE INSTITUTE SHALL BE OPEN TO ANY LENDING INSTITUTION, BANK (INCLUDING WITHOUT LIMITATION INVESTMENT BANK, COMMERCIAL BANK, MERCHANT BANK), ASSET MANAGER, INVESTMENT FUND, INSURANCE COMPANY, PAYMENT PROCESSOR OR EXCHANGE THAT IS, IN EACH INSTANCE, ENGAGED IN INTERNATIONAL FINANCIAL TRANSACTIONS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body IIF'S FULL MEMBERS CAN ELECT ALL 50 AUTHORIZED INDIVIDUALS OF THE BOARD OF DIRECTORS (ALTHOUGH THE BOARD OF DIRECTORS ITSELF MAY ELECT UP TO 10 OF ITS MEMBERS). Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders IIF'S FULL MEMBERS HAVE FINAL APPROVAL ON THE BOARD OF DIRECTOR'S RECOMMENDATIONS TO APPROVE THE ANNUAL BUDGET, AS WELL AS ANY CHANGES TO THE ORGANIZATION'S BYLAWS. Form 990, Part VI, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy IIF DISSEMINATES THE POLICY AND ASK INDIVIDUALS TO NOTIFY OF ANY POSSIBLE CONFLICT. Form 990, Part VI, Line 15a Process to establish compensation of top management official 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, AND WAS RENEWED AND EXTENDED WITH A NEW TERMINATION DATE OF DECEMBER 2027. THE COMPENSATION COMMITTEE LAST MET VIA CONFERENCE CALL IN DECEMBER 2024 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 2024. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. Schedule F, Part I, Line 3 IIF REPORTED THE EXPENDITURES BASED ON THE ACCOUNTING METHOD USED IN ITS AUDITED FINANCIAL STATEMENTS WHICH IS AN ACCRUAL BASIS. FORM 990, PART III, LINE I: ORGANIZATION'S 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. 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 691290 697886 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.