The Korea- World Bank Partnership Facility (KWPF), established in May 2013, is an initiative to strengthen ties between Korea’s Ministry of Economy and Finance (MoEF) and the World Bank. The facility’s overall objective is to assist developing member countries of the World bank in achieving inclusive and sustainable economic growth and to foster broader dialogue on economic development issues. Through this Facility, the Government of Korea has provided US$90 million during FY14-FY16 (Phase I), US$90 million during FY17-FY19 (Phase II), and a replenishment of US$150 million from FY20 through FY23 (Phase III).
The Facility is structured to comprise of three pillars of collaboration:
The Facility is managed with a significant emphasis on results, and seeks to support World Bank projects that are designed to maximize development impact. In doing so, the Facility emphasizes strong alignment with the World Bank’s lending operations and strategic policy dialogue, as well as on sharing Korea’s development experiences with developing countries. The program also has a focus on involving Korean institutional partners in sharing Korea’s development experience with developing countries.
The KWPF Secretariat is housed within the Trust Funds and Partner Relations unit of the Development Finance Vice Presidency (DFi) at the World Bank. The Secretariat organizes Annual Consultations with MoEF to discuss the objectives, design and operation of the program, agree upon the thematic and regional priorities for each of the calls for proposals, and review the implementation progress of the program.
The Korea-World Bank Partnership Facility (KWPF) supports a broad range of economic development opportunities with a focus on promoting best practices by leveraging the WBG’s knowledge and convening power and Korea’s expertise. KWPF is funding activities in various stages of implementation that are demonstrating some promising early results. During FY 17–18, Window 2 has financed projects mainly in Energy and Social, Urban and Rural Development to complement those projects financed in preceding calls and in Social Protection and Private Sector Development. In other innovations, the KWPF has allocated support in sectors that are new for the Facility to support. For example, Sierra Leone: Designing public spaces as productive economic assets through tourism for US$0.747 million targets the tourism sector. Also, the KWPF has increased support to recovery from Fragility, Conflict and Violence, an example of this being a US$5 million grant for the development of a national spatial strategy in Afghanistan. Window 3 is funding innovative technical assistance/policy dialog, capacity building, proof of concept, applied research, and knowledge exchange activities that task teams can implement relatively quickly and are contributing effectively to larger development goals.
The Trust Funds and Partner Relations unit of the Development Finance Vice Presidency (DFi) at the World Bank Group manages (i) the Korea-World Bank Partnership Facility (KWPF), (ii) the Economic Development Cooperation Fund (EDCF)-World Bank (WB) Co-financing Facility, and (iii) the Knowledge Sharing Program (KSP)-WB Joint Consulting Program.
Korea, an aid recipient less than two decades ago, is now a donor with an increasingly coherent and coordinated Official Development Assistance (ODA) strategy utilizing expertise of relevant ministries. The Ministry of Economy and Finance (MoEF) aims to link its various ODA programs including (i) bilateral development cooperation through the EDCF, and (ii) development programming through partnerships with Multilateral Development Banks (MDBs) via Trust Funds (TFs) and the Green Climate Fund. MoSF aims to effectively transfer Korea’s expertise and experience to recipient Countries with high development demand in cooperation with the World Bank Group (WBG) through TFs such as KWPF, a Co-Financing Agreement between EDCF and WB, and a Memorandum of Understanding (MoU) for Joint Consulting under Korea’s KSP.
KWPF aims to share Korea’s successful development experience with developing countries through collaboration between the Bank, the Government of Korea, and Korean organizations. Since the inception of the Facility, the dialogue and collaboration between WBG project teams and many Korea institutions is ongoing in the agriculture, health, ICT, and skills development sectors. Every approved grant under Windows 2 and 3 strives for engagement/collaboration with at least one Korean institution/expert.
About the KWPF Portfolio
The Government of Korea provided US$90 million during FY14-FY16 (Phase I), US$90 million during FY17-FY19 (Phase II), and a replenishment of US$140 million for FY20 to FY23. The KWPF Secretariat has so far administered four calls for Window 2 and 3 proposals in Phase 1 (calls 1, 2, 3, and 4), and three calls for proposals (calls 5, 6 and 7) under Phase 2.
During Phase 1, the program committed US$9.76 million to Window 2 grants, US$25.17 million to Window 3 grants, and US$50.65 million to Window 1 programs, all together representing 95 percent of the US$90 million contributions received. For phase 2, KWPF approved US$$17.62 million for window 2 grants, US$26.70 million for window 3 grants, and US$35.90 million to Window 1 programs, all together representing 89 percent of the US$90 million contributions received, and $44.53 million to Window 1 programs, all together representing 88 percent of the $90 million contributions received. See list of approved Window 2 and 3 grants here.
Windows 2 and 3, Number of Proposals Received and Grants Approved (FY14–FY20)
Window two has the following sectoral priorities: Agriculture, Education, Health, ICT, Energy, Environment, Transport and Water. The thematic priorities for Window 3 are - agriculture, skills development and jobs, universal health coverage, and ICT and innovation. The regional focus of KWPF has gradually broadened over time. The first call for Windows 2 and 3 specified countries primarily in South Asia (SAR) and in East Asia and the Pacific (EAP). The second call for Window 2 also specified countries in SAR and EAP, while that for Window 3 specified proposals with a global focus. The third call for Windows 2 and 3 specified all regions, with priority given to country and regional issues in SAR, EAP, and Africa (AFR). The fourth, fifth, and sixth calls for Windows 2 and 3 welcomed proposals from all regions.
The following Window 1 programs have received support from Korea through KWPF
|Window 1 Programs|
|WBI Global Program on Knowledge Sharing SDTF (LLI)|
|Poverty Dynamics and Public Service Delivery MDTF (Knowledge for Change Program)|
|Governance Partnership Facility Korea SDTF|
|IFC Comprehensive Trust Fund|
|Korea World Bank Group Office Trust Fund|
|MDTF for Statistical Capacity Building III|
|Global Facility on Growth for Development SDTF|
|Korea's Donor Funded Staffing Program*|
|PEMNA Parallel AA|
|Digital Development Partnership|
|Korea Program for Operational Knowledge SDTF|
|Korea World Bank Group Office Trust Fund|
|Regional Initiative for Applied Sciences, Engineering and Technology for Africa|
|World Bank Group Partnership Fund for the SDGs MDTF|
|GovTech Global Partnership Multi Donor Trust Fund|
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