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Video October 21, 2020

Moving the Needle for Greater Impact - Message from Akihiko Nishio Vice President Development Finance

The World Bank Group (WBG) uses trust funds strategically to complement core funding from the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA) and the International Finance Corporation (IFC), and to support the achievement of the WBG’s goals by providing sizable financial resources to specific development priorities, regions, and thematic focus areas. The 2020 Trust Fund Annual Report provides an overview of the WBG’s trust funds and financial intermediary funds (FIFs) with a focus on key results and impact, financial trends, and reforms. It covers fiscal year 2020 (July 1, 2019 to June 30, 2020) with specific chapters on the IBRD/IDA trust fund reform, country outcomes, IFC trust funds, FIFs, the Bank’s trust fund services, and detailed financial trends in all types of WBG trust funds and FIFs.