89584 Korea and World Bank Group Trust Funds As of December 31, 2013 PORTFOLIO AT A GLANCE Korea’s contributions to the World Bank Group (WBG) totaled US$718.7 million for fiscal years 2009-14Q2. In the first six months of fiscal year 2014 (FY14), Korea contributed US$34.3 million to International Bank for Reconstruction and Development/International Development Association trust funds (IBRD/IDA TFs), and US$10.7 million to Financial Intermediary Funds (FIFs). 1/ Total Contributions to the WBG (FY09-14Q2 in US$ Millions) 2/ Annual Cash Contributions to WBG Trust Funds (FY08-12) FIFs 95.0 35 (13%) IFC TFs 30 3.0 (1%) 25 (US$ Millions) IBRD/IDA FIFs TFs 130.7 20 (18%) 15 IBRD/IDA TFs 10 IFC TFs IDA 489.9 5 (68%) 0 2009 2010 2011 2012 2013 • Number of active TFs at end of FY14Q2 was 27, including 17 IBRD/IDA TFs, 7 FIFs, and 3 International Finance Corporation (IFC) TFs. • Korea ranked 21st among development partners in terms of contributions to WBG TFs over fiscal years 2009-14Q2. Korean contributions were received mainly from the Ministry of Strategy and Finance, at 83 percent. Top WBG Trust Funds Receiving Cash Contributions Cash Contributions WGB Trust Funds by Classification (FY09-14Q2 in US$ Millions) Korea Trust Fund for Economic and Peace-Building Transitions 23.8 IBRD/IDA Korea Green Growth Single-Donor Trust Fund 20.0 World Bank-Korea Partnership on Poverty Reduction and Socio-Economic 15.0 Development Trust Fund II Global Agriculture and Food Security Program 58.9 FIF The Global Fund to Fight AIDS, Tuberculosis, and Malaria 17.1 Global Environment Facility (GEF) - Trust Fund 9.3 Korea/IFC Comprehensive Trust Fund 1.5 The Global Small and Medium-Sized Enterprise (SME) Finance Innovation Trust Fund 1.0 IFC Low-Carbon/Green Special Economic Zones Program under the Facility for 0.5 Investment Climate Advisory Services (FIAS) Top WBG Trust Fund Agreements (First Two Quarters of FY14) • Korea signed new contribution agreements totaling US$65.6 million with the largest contributions to each IBRD/IDA TFs and FIFs as follows: »» Korea WBI Global Program on Knowledge Sharing (IBRD/IDA, US$18.0 million) »» Korea - World Bank Group Partnership Facility (IBRD/IDA, US$6.0 million) »» Global Agriculture and Food Security Program (FIF, US$30.0 million) 1/ All figures exclude the Advance Market Commitment (AMC) FIF, and IFC-managed funds supporting Special Initiatives and Investment Programs that are not part of the TF pool. 2/ Contributions to IDA are reported as paid-In: amount received by the Bank in the form of cash or promissory notes (net of certain discounts). Contributions to TFs are reported on a cash basis. All contributions are reported based on historical values using the date of receipt and may include contribution transfer from other trust funds. Official Use Only – Not for further disclosure without the consent of The World Bank 1 Korea and World Bank Group Trust Funds As of December 31, 2013 IBRD/IDA Trust Fund Disbursements Over fiscal years 2009-14Q2, 50 percent (US$25.6 million) in disbursements from IBRD/IDA TFs supported by Korea were made through recipient-ex- ecuted trust funds, of which 38 percent co-financed Bank projects. The remaining 50 percent (US$25.5 million) were made through Bank-executed trust funds. 3/ Disbursements of Recipient-executed TFs, by Region Disbursements of Recipient-executed TFs, by Sector (FY09-14Q2 in US$ Millions) ECA 0.2 LCR 0.1 9 7.9 (1%) (<1%) 8 AFR 3.4 SAR 8.4 7 (13%) (US$ Millions) (33%) 6 5 4.2 4.1 4 2.8 3 MNA 6.3 1.8 1.4 2 1.0 (25%) 0.9 0.7 0.7 1 0.0 0 EAP 7.3 (29%) AFR: Africa LCR: Latin America and the Caribbean EAP: East Asia and Pacific MNA: Middle East and North Africa ECA: Europe and Central Asia SAR: South Asia WBG Trust Fund Portfolio Comparisons Share of FY09-FY14Q2 WBG TF Volumes WBG Trust Funds by Classification Korea Top 10 Donors All Donors FIF Contributions 42% 63% 58% Disbursements Contributions IBRD/IDA TF Contributions 57% 33% 36% of which to Single-Donor TFs 81% 25% 28% of which to Multi-Donor TFs 19% 75% 72% IFC TF Contributions 1% 4% 6% IBRD/IDA TF Disbursements via Bank-executed TFs 50% 16% 16% via Recipient-executed TFs 50% 84% 84% of which support Fragile States 48% 48% 40% of which support IDA Countries 52% 69% 59% For More Information Anita Bhatia Jaehyang So WBG Director, Development Partner Relations Director, and IFC Director, Partnerships & Trust Funds Trust Funds CFPTO & CFPMI ABhatia@ifc.org Jso@worldbank.org +1 (202) 458-1503 +1 (202) 473-7654 3/ Disbursement breakdowns for multi-donor trust funds are prorated based on donor cash contributions as of FY14Q2. Disbursements from IBRD/IDA TFs for which funding is transferred from FIFs are not included (e.g. GEF IBRD as Implementing Agency). 2