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2020 Trust Fund Annual Report


The Trust Fund Annual Report provides an overview of the World Bank Group’s (WBG) trust funds and financial intermediary funds, and highlights key results and impacts, financial trends, and reforms. This year’s report covers fiscal year 2020 (FY2020), which spans July 1, 2019 to June 30, 2020. Its theme, “Moving the Needle for Greater Impact,” speaks to the WBG’s endeavor to serve its clients better and address global priorities more efficiently by transforming its portfolio of trust funds under the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) into a smaller number of Umbrella 2.0 Programs.

The report showcases progress toward this transition to fewer and larger programs that augment leverage of development partner resources and illustrates how the trust-funded operations of the WBG are helping client countries achieve greater development outcomes in line with the Sustainable Development Goals (SDG). The report reviews salient trends in the trust fund portfolio, including funds held in trust, development partner contributions, disbursements, and work across key regions, sectors and thematic areas, as well as emphasizing a range of financial and management aspects of trust funds.

The report is organized into seven chapters, beginning with this short introduction and continuing with an update on trust fund reforms in Chapter 2. This is followed by a cross-section of results stories in Chapter 3 that highlight how different types of trust-funded activities are helping countries achieve the SDGs. Chapters 4 and 5 focus on the International Finance Corporation’s (IFC) trust funds and financial intermediary funds (FIF), respectively, highlighting the progress on IFC and FIF reforms and their contributions to country outcomes and the SDGs. Chapter 6 surveys the cutting-edge trust fund services that the World Bank provides to all clients. Chapter 7 completes the report with a detailed survey of key financial trends across all WBG trust funds and FIFs. 

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