Financial Intermediary Funds (FIFs) represent a distinct mechanism for partners to come together to address critical development challenges. The World Bank Group provides administrative support to FIFs.
FIFs are large, multi-partner financing arrangements that enable the international community to pool and coordinate resources from many sources. FIFs address global development challenges such as extreme weather, pandemic preparedness, and the impacts of fragility, conflict, and violence. They are independently governed, with the World Bank Group holding no decision-making authority. Instead, the World Bank provides financial and other services to support FIFs’ funding efforts and decisions.