For over 40 years, development partners have entrusted the World Bank with the financial management of their contributions to World Bank Group trust funds and financial intermediary funds (FIFs). These resources are aligned with the World Bank Group’s mission to end extreme poverty and promote shared prosperity in a sustainable way. Trust funds and FIFs allow for the scaling up of activities, notably in situations affected by fragility, conflict and violence; provide immediate assistance in response to the pandemic, natural disasters and other emergencies; and pilot innovations that may be later mainstreamed into the World Bank’s lending operations. The World Bank as trustee receives and invests development partner contributions to trust funds and FIFs, until funds are disbursed to final recipients for implementation of development activities. These investment management services aim to preserve development partner funds and enhance their value. The portfolio of trust funds and FIFs has grown over the years due to an increase in development partner contributions, and investment returns. As of June 30, 2021, the amount of liquid assets held by trust funds and FIFs stood at $33.8 billion.
DETAILS
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Investment Management of Trust Funds and Financial Intermediary Funds 2021
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1/18/2022 09:41:00 AM
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1/19/2022 09:41:00 AM
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Development Finance
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General
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English
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The World Region
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Financial Intermediation,Concessional Finance and Global Partnerships,Finance and Development,Financial Structures
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For over 40 years, development partners have entrusted the World Bank with the financial management of their contributions to World Bank Group trust funds and financial intermediary funds (FIFs). These resources are aligned with the World Bank Group’s mission to end extreme poverty and promote shared prosperity in a sustainable way. Trust funds and FIFs allow for the scaling up of activities, notably in situations affected by fragility, conflict and violence; provide immediate assistance in response to the pandemic, natural disasters and other emergencies; and pilot innovations that may be later mainstreamed into the World Bank’s lending operations. The World Bank as trustee receives and invests development partner contributions to trust funds and FIFs, until funds are disbursed to final recipients for implementation of development activities. These investment management services aim to preserve development partner funds and enhance their value. The portfolio of trust funds and FIFs has grown over the years due to an increase in development partner contributions, and investment returns. As of June 30, 2021, the amount of liquid assets held by trust funds and FIFs stood at $33.8 billion.
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