Message from the Vice President
The World Bank Group (WBG) envisions a world in which no one lives in extreme poverty and everyone shares in its prosperity. Trust funds are a powerful tool for driving progress toward this vision. Trust funds provide timely financial resources that complement and scale up impact in WBG-funded operations. They contribute to the knowledge agenda and leverage the WBG’s convening power and global and local presence to contribute to country, regional, and global development. Trust funds help countries move the needle on their development agendas and take steps toward achieving the Sustainable Development Goals.
Furthermore, IBRD/IDA and IFC trust funds—with $13 billion of funds held in trust—provide predictable multi-year funding that helps deliver smarter and customizable development solutions for our clients and partners. From enhancing community access to digital financial services in Ghana to mobilizing investment in the Solomon Island’s first utility-scale hydropower facility to scaling up market-based clean cooking programs across the world, WBG trust funds complement Bank resources and empower innovations in projects and programs worldwide. Read More »
Development Finance, World Bank Group