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Video September 25, 2020

World Bank Trust Fund Reform & Umbrella 2.0 Programs

Trust funds enhance the World Bank’s capacity to support delivery of results in our client countries. They provide resources to advance work on global public goods, fragile and conflict-affected states, disaster prevention and relief, global and regional partnerships and knowledge and innovation. The current round of trust fund reforms, including the introduction of the “Umbrella 2.0” instrument, seeks to strengthen the link between funding and strategic priorities, and to improve efficiencies in management and administration of trust fund resources. The aim is to structure the Bank’s trust fund portfolio around fewer, larger umbrella 2.0 programs.