For over 50 years, development partners have entrusted the World Bank with the financial management of their resources through their contributions to World Bank trust funds and Financial Intermediary Funds (FIFs). These resources are used to complement the World Bank Group’s mission to promote economic growth and reduce poverty in developing countries. Trust funds and FIFs allow for the scaling up of activities, notably in fragile and crisis-affected situations; provide immediate assistance in response to natural disasters and other emergencies; and pilot innovations that may be later mainstreamed into the Bank’s operations. On receipt of development partner contributions to trust funds and FIFs, the World Bank invests these resources in the international capital markets until funds are disbursed to final recipients for development projects. Such investment management services aim to preserve donor funds and enhance their value. With the growth of donor funding over time, increasing development partner contributions for multi-year projects, and an increase in the number of trust funds managed by the World Bank, the volume of liquid assets held by trust funds and FIFs reached $27.2 billion as of 30 April 2016.
DETAILS
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Investment Management of Trust Funds and Financial Intermediary Funds 2016
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5/1/2016 12:00:00 AM
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5/1/2016 12:00:00 AM
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Development Finance
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General
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English
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World
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Concessional Finance and Global Partnerships,Finance and Development,Financial Intermediation
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For over 50 years, development partners have entrusted the World Bank with the financial management of their resources through their contributions to World Bank trust funds and Financial Intermediary Funds (FIFs). These resources are used to complement the World Bank Group’s mission to promote economic growth and reduce poverty in developing countries. Trust funds and FIFs allow for the scaling up of activities, notably in fragile and crisis-affected situations; provide immediate assistance in response to natural disasters and other emergencies; and pilot innovations that may be later mainstreamed into the Bank’s operations. On receipt of development partner contributions to trust funds and FIFs, the World Bank invests these resources in the international capital markets until funds are disbursed to final recipients for development projects. Such investment management services aim to preserve donor funds and enhance their value. With the growth of donor funding over time, increasing development partner contributions for multi-year projects, and an increase in the number of trust funds managed by the World Bank, the volume of liquid assets held by trust funds and FIFs reached $27.2 billion as of 30 April 2016.
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