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2022 Trust Fund Annual Report


Navigating Uncertainty on the Path to Recovery

The 2022 annual report underlines how Trust Funds and Financial Intermediary Funds (FIFs) helped the World Bank Group deploy financing quickly, expand operations, and generate new knowledge to support client countries during these turbulent times. It showcases how these instruments have supported a rapid response to the COVID-19 pandemic and other emergencies.

Message from the Vice President

Our world is facing unprecedented, overlapping crises stemming from the COVID-19 pandemic, conflict, and climate change. The pandemic has led to an increase in global poverty, disruptions in human capital accumulation, and an erosion of the fiscal space in many developing countries. More than two years into the pandemic, these already-stressed countries are now experiencing the global impact of the war in Ukraine. Compounding crises have led to supply chain disruptions that further threaten food and nutrition security and access to energy, competitiveness, and growth. All the while, climate change impacts continue to intensify, with natural disasters becoming more frequent and damaging to vulnerable countries.

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Akihiko Nishio
Vice President
Development Finance, World Bank Group