This report highlights the trends and performance of the portfolio of the World Bank Group's trust funds and partnerships during the fiscal year ending June 30th, 2013 (FY13).
... See More + The results described in this report contribute to the strength of the World Bank Group's deployment of core resources, to knowledge generation for client countries, and to global consensus-building through effective partnerships. Financing outcomes were strong in FY13. While contributions to World Bank Group-administered trust funds have declined by about one tenth due to ongoing budget constraints impacting development partners, disbursements and transfers have reached over $10 billion, their highest level in the past five years. Funds held in trust at the end of the year remained almost unchanged at $29 billion, of which FIFs continued to account for the largest share (63 percent), followed by IBRD/IDA trust funds (32 percent) and IFC trust funds (2 percent). During FY13, the Bank's management deepened the reform of trust funds and partnerships, to ensure that these tools can be deployed to their full potential, to deliver innovative and transformative development solutions for our clients. The authors are now embarking on additional reforms that will strengthen the alignment of trust funds and partnership programs with the WBG's core strategy and priorities. These reforms will promote greater selectivity; simplify fund architecture through a smaller number of standardized models; streamline establishment and strengthen management of all programs; and fully integrate trust funds in the business planning and budgeting process.
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The World Bank Group (WBG) trust fund (TF) portfolio has expanded continuously over the past decade. To a large extent this expansion reflects broader trends in the international aid architecture, namely, (1) the unprecedented growth in the volume of official development assistance (ODA) through 2010, even in the aftermath of the 2008 global financial crisis; and (2) the rapid increase of 'multi-bilateral' ODA, that is, bilateral ODA earmarked for a specific purpose and channeled through the multilateral system.
... See More + Between 2007 and 2010, multi-bilateral ODA increased from $9 billion to $16.7 billion (representing 12 percent of gross ODA, excluding debt relief). This group includes longstanding multilateral organizations such as the Global Environmental Facility (GEF) and a number of recently established multilateral entities, notably the Global Fund for Tuberculosis, AIDS, and Malaria (the Global Fund) and the GAVI Alliance (formerly known as the Global Alliance for Vaccines and Immunization). Contributions from DAC members to these purpose-specific multilateral entities have more than doubled since the early 2000s and currently amount to about 3 percent of gross annual ODA disbursements.
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