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Trust Funds and Programs

Trust funds and partnership programs are important tools to help the World Bank Group adapt to a fast-changing development finance landscape. Trust funds and partnership programs also serve as a complement to IDA and IBRD financing.

About

The World Bank Group (WBG) uses trust funds, a financing arrangement set up with contributions from one or more development partner, to complement core funding from the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), and the International Finance Corporation (IFC), in support of the World Bank Group’s goals. Trust funds allow the Bank to mobilize and direct concessional resources to strategic development priorities and to mobilize the resources and capabilities of other development actors through partnership programs.

Working in Partnership

The Bank works with a growing array of development partners, both traditional and non-traditional, formal and informal, to help meet our shared goals. From the ongoing partnership with our sovereign donors, through engagement with foundations and civil society, to an increasing focus on leveraging private capital, the Bank recognizes how transformative partnership can be when new ideas, perspectives and experiences are combined with the necessary financial resources.

Development partners work with the Bank through trust funds:

  • to align and pool funding support with other development partners within agreed strategic frameworks.
  • to benefit from the Bank's convening power, at both the international and country level, to maximize coordinated action and achieve impact at scale.
  • to benefit from the Bank's extensive technical expertise, country experience and supervision capacity, its financial control framework and its ability to monitor and report on results.
  • to provide grant funding in fragile, conflict-affected and other complex situations enabling the World Bank to engage and provide critical assistance in circumstances where traditional instruments are not well-suited.
  • to support innovative or emerging policy areas, which the Bank and Partners view as a priority.

By the Numbers

In FY2021, the World Bank Group disbursed $3.82 billion in trust fund resources (not including FIFs), the bulk of which, $3.57 billion, was disbursed by the World Bank (IBRD and IDA combined). Almost three-quarters of World Bank-disbursed trust fund financing, or $2.55 billion, went to recipient-executed activities on the ground, representing approximately 5 percent of the World Bank’s total project disbursements.

IDA-only countries were the largest recipients at 66 percent, followed by IBRD countries (17 percent), IBRD-IDA blend countries (7 percent), and the balance to global or regional activities. The World Bank disbursed the remaining $1.03 billion in trust fund resources toward Bank-executed activities, including knowledge generation, analytical activities, and project implementation support. Over the past five years, trust fund disbursements for Bank-executed activities have represented 25 percent of the Bank’s administrative expenditures, including 63 percent of total expenditures for advisory services and analytics (ASA).

Source: 2021 Trust Fund Annual Report


Publication

A Guide for Development Partners

Partnering with the World Bank through Trust Funds and Umbrella 2.0 Programs.

Infographic

Trust Fund Reform and Umbrella 2.0 Programs

The World Bank’s latest reform to transition the IBRD/IDA trust fund portfolio into fewer and larger Umbrella 2.0 Programs aims to deliver transformative solutions for client countries and development partners through improved strategic alignment, increased efficiency, reduced fragmentation and transactions costs, and enhanced management oversight.

MULTIMEDIA

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VIDEO

Akihiko Nishio, Vice President, Development Finance

The 2021 Trust Fund Annual Report highlights the important work trust funds and FIFs are supporting to help shorten the crisis and lay a strong foundation for a future that is more prosperous and better prepared for disasters like COVID-19.


Trust Fund Annual Reports

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2021

Toward Greater Resilience
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2020

Moving the Needle for Greater Impact
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2018-19

Value Proposition of Trust Funds
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2017

Trust Funds and the Development Agenda
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Trust Funds and Partner Relations (DFTPR)
Development Finance
The World Bank
1818 H Street, NW, Washington, DC 20433
AskTF@worldbank.org