More than 1.2 billion people live in places affected by fragility, conflict, and violence. More than 40 percent of the world’s population affected by extreme poverty reside in fragile states. By 2030, it is estimated that the share of the worlds’ poor that live in fragile countries will double. Achievement of the World Bank Group’s goals of ending poverty and promoting shared prosperity will require significant progress on development outcomes in these countries.
About the KTF
The Korea Trust Fund for Economic and Peace-building Transitions (KTF) was established in 2009. As a key element of the growing partnership between the World Bank and the Republic of Korea, the KTF has been instrumental in supporting innovative approaches to the challenges of fragility, conflict, and violence and advancing collaboration in fragile situations across the globe. The goal of the KTF is to address the needs of state and local governance and to help build peace in conflict-prone and conflict-affected situations.
The KTF emphasizes learning from the Korean development experience and collaborating with Korean institutions in capacity building and knowledge exchange. Korea has had remarkable success in combining rapid economic growth with significant reductions in poverty. Korea's experience in sustainable development, providing infrastructure and services to improve the lives of the people, and its transition to a dynamic knowledge economy, offers lessons that can benefit many other developing countries.
The KTF funds programs in 17 countries, the majority of which are located in the East Asia and Pacific (EAP) region and account for 50 percent of KTF grant commitments. For example, KTF provides technical support to advance peace processes in Myanmar, Thailand and the Philippines, and has responded to recent emergencies and crises in Africa, including Central African Republic, Mali, and South Sudan. In addition, the KTF supports a series of global learning and knowledge exchange initiatives, which focus on economic transitions, job creation, displacement, and other pressing FCV related issues.