If you are visually impaired or blind, you can visit the PDF version by Pressing CONTROL + ALT + 4
You need a JavaScript-enabled browser to view this Publication
Please follow these steps to view the Publication:
Enable JavaScript in your browser
Refresh this page
Best regards
Zmags
2017TRUST FUND
ANNUAL REPORT
2017TRUST FUND
ANNUAL REPORT
http:/bit.ly/TrustFundAnnualReport
Table of Contents
Message from the Vice President vii
Acknowledgments ix
Abbreviations and Acronyms xi
Executive Summary xv
Development Results xxii
Section A: IBRD/IDA and IFC Trust Funds 1
Chapter 1: Trust Fund Achievements, FY13–FY17
2017TRUST FUND ANNUAL REPORT
2017TRUST FUND ANNUAL REPORT http:/bit.ly/Trus
Table of Contents Message from the Vice Presi
Section B: Financial Intermediary Funds
Figures 1. Key Statistics on WBG-Administered Tru
36. Africa Region RETF Disbursements, by Sector,
Message from the Vice President I am pleased to
projects based on data and evidence, and str
Acknowledgments The 2017 Trust Fund Annual Re
Wagner De Azevedo, Francois Olivier Bergere, Anus
Abbreviations and Acronyms AF Ada
EPFM Europe and Central Asia Regional Publ
LSP Local Solutions to Poverty L2A
TDRP Transitional Demobilization and Rein
Executive Summary “Trust Funds are critical f
funding—with $31.6 billion funds held in trust (F
services including receiving, holding, and transf
WBG operations. A business-as-usual approach is n
adopting a long-term, integrated, and multi-secto
$268 million in FY17, while disbursements decreas
Bank to clients and shareholders. The preliminary
Development Results The WBG continues to make maj
GOVERNANCE AND INSTITUTIONAL DEVELOPMENT $290M I
SECTION A IBRD/IDA and IFC Trust
CHAPTER 1 Trust Fund Achievements FY13–FY17
Introduction This chapter features over 6
but cover multiple sectors, themes, and regions.
Climate Change “Without adequ
ambitious targets to be met by 2020, including he
its projects, the NDC-SF has leveraged an additio
20 countries benefited from technical assistance
Facility (GEF) and the Least Developed Countries
31 World Bank climate change and mitigation proje
Balkans Renewable Energy Program CONTRIBUTOR
environmentally sustainable energy solutions for
ESMAP is also supporting sustainable and resilien
45,000 old taxis replaced since FY13, comprising
Box 2: Impacts of Failure to Include Climate Chan
1.3 million people, more than 16 percent of Papua
expanding market access for rural producers; and
Box 3: Designing Solutions for the “Floating Runw
IV. Boosting the climate resilience of communitie
Eight million food insecure people in Ethiopia re
The economic benefits of the assets created throu
Lessons learned from PSNP clearly demonstrate opp
V. Unlocking trillions in climate finance The WB
Pacific Disaster Risk Finance and Insurance CON
Government of Tonga to quickly start emergency re
Box 5: Quick Disbursing Risk Insurance Program fo
Fragility, Conflict, and Violence
GDP by 2 percent each year. Climate change, risin
offers tremendous flexibility in terms of where i
Analytical work conducted in FY14 helped refine s
Multi-Donor Trust Fund for Transitional Demobiliz
$2 billion IDA18 sub- window for refugees and hos
country for the sub-window and developed Forced D
Box 6: Supporting the National Plan for Recovery
World Bank Multi-Partner Fund CONTRIBUTORS
The Zimbabwe Reconstruction Fund CONTRIBUTORS
Box 7: Improving Clean Water Supply Services in P
400,000 people in Ebola-affected areas in West Af
forward logistics bases in Lofa County to prevent
Palestinian Partnership for Infrastructure Develo
ensure basic infrastructure and services provisio
V. Partnerships for peace With the increased rec
Following the eruption of armed conflict in easte
34 donors partnered to finance nearly 40 percent
in the formation of school management committees
Box 8: Eradicating Polio and Providing Basic Heal
Gender and Development “In
more and better jobs; (iii) removing barriers to
Under the GPE trust fund, efforts have been made
Global Financing Facility CONTRIBUTORS BILL
Box 9: Scaling Up Teacher Training for Early Chil
Over 55 gender- related impact evaluations are in
It also contributes to the understanding of barri
IDA projects on female empowerment worth over $23
helps clients access and analyze data to identify
Box 10: Closing the Financing and Entrepreneur Tr
Umbrella Facility for Gender Equality CONTRIBUT
Australia—World Bank Partnership for South Asia
In Nepal, the UFGE supported development of a pil
3,200 women became charcoal producers in Senegal
Governance and Institutional Development Diana M
Tax revenues increased in Pakistan from 11 percen
facilitate private investment, improve the qualit
Financial Sector Reform and Strengthening Initiat
The government and corporate bond markets in Viet
Seven-year bonds issued in Kyrgyz Republic in 201
strengthening accountability mechanisms through b
curated revenue and expenditure data from the nat
Box 11: Scaling Up Inclusion of Women in Particip
Analytical work and financing for state- owned en
In the Kyrgyz Republic, the ECAPDEV financed a $4
137 grants totaling $6.7 million were awarded by
so that they can use their human and financial re
280 health services assessed by local health staf
Middle East and North Africa Transition Fund CO
Box 12: Public is “King” in Budget Reforms in Mor
Statistics for Results Facility Catalytic Fund
One key objective of the L2A program was to promo
Jobs and Economic Transformation
need to be created for the next 15 years to incre
The Facility for Investment Climate Advisory Serv
SECO Financial Support for Advisory Services in E
Trade Facilitation Support Program CONTRIBUTORS
Europe 2020 Programmatic Trust Fund CONTRIBUTOR
The EU2020 produced spatial distribution poverty
used by several IBRD/IDA countries such as Albani
Box 14: Addressing Infrastructure Challenges in S
350,000 twenty-foot container capacity port is sc
competitive bidding process, the Government of Ti
Box 15: Cell Phones Transform Poor Women into Gra
Competitive Industries and Innovation Program C
740 landless youth groups with more than 15,000 m
III. Targeted programs to create jobs Targeted j
Yemen received matching grants of up to $10,000 f
find internships—an unknown phenomenon in Yemen.
delivery systems and policies together innovative
Innovations through Information and Communication
help create high impact, provide low cost, and ag
conditions in South Sudan. This survey system is
A dashboard tracks daily exchange rates in 15 loc
Box 18: Building the Poverty Profile of Nomadic P
State and Peacebuilding Fund CONTRIBUTORS
II. Building effective identification systems Ad
Box 19: Homegrown Innovations in Biometric and Di
Under pillar two, the ID4D program has made progr
ensure privacy and data protection; (ii) develop
understand and measure financial inclusion and ca
With nine out of 10 wage earners in Bangladesh re
IV. Strengthening public financial management Em
Remote sensing initiative launched for Lake Chad
Phase one resulted in the publication of Earth Ob
CHAPTER 2 Financial Trends of World Bank Grou
2.1 Overview of World Bank Group Trust Funds, FY
2. Funds Held in Trust (FY13–FY17) At $10.5 bill
3. Cash and Investments, Promissory Notes Receiva
4. Cash Contributions to Trust Funds (FY13–FY17)1
5. Disbursements and Cash Transfers from Trust Fu
6. Number of IBRD/IDA Trust Funds (FY13–FY17) Ov
7. Number of IFC Trust Funds (FY13–FY17) The tot
8. Multi-Donor Trust Funds and Single-Donor Trust
9. Programmatic and Freestanding IBRD/IDA Trust F
2.2 IBRD/IDA Trust Funds IBRD/IDA trust funds ar
11. IBRD/IDA Trust Fund Count and FHIT Distributi
12. IBRD/IDA Trust Funds Cash Contributions by Do
13. Cumulative Cash Contributions by Top Ten IBRD
14. Disbursements from IBRD, IDA, and RETFs (FY13
15. RETF Disbursements by Country Eligibility (FY
16. RETF Disbursements in Fragile and Conflict-Af
17. Sectoral Allocation of RETF Disbursements (FY
18. RETF Disbursements—Top 20 Programs (FY17) In
19. Regional Shares of RETF Disbursements (FY13–F
20. BETF Disbursements by Country Eligibility (FY
21. World Bank Administrative Expenditures (FY13–
22. Share of BETF Disbursements for Country Engag
2.3 IFC Trust Funds131 IFC trust funds are the m
24. IFC Advisory Services Trust Funds Cash Contri
25. Top Ten Donors to IFC Advisory Services Trust
26. IFC Advisory Services Trust Funds Cash Contri
27. IFC Advisory Services Program Expenditures an
2.4 MIGA Trust Funds 28. MIGA Trust Funds MIGA
2.5 Asset Mix of Trust Funds Investment Portfolio
2.6 Attachments: Supplemental Financial Informati
The Middle East and North Africa region represent
The Latin America and Caribbean region accounted
31. Regional RETF Disbursements by Sector (FY17)
Figure 36: Africa region RETF disbursements, by s
Figure 38: Middle East and North Africa region RE
Figure 40: Europe and Central Asia region RETF di
2.7 Endnotes 1. The following differences ar
CHAPTER 3 Trust Fund Reform 3.1 Kee
3.1 Keeping Trust Funds “Fit for Purpose” As the
This phase also designed ways to enhance operatio
3.3 Opportunities and Challenges Despite signifi
Box 20: IFC Trust Fund Reform IFC’s trust funds a
SECTION B Financial Intermediary
CHAPTER 4 Overview of Financial Intermediary
4.1 Introduction The World Bank has a large and
Global Concessional Financing Facility (FY17) C
Climate Investment Funds (FY09) CONTRIBUTORS
4.3 The World Bank’s Role in Financial Int
There are two basic models in the World Bank’s tr
CHAPTER 5 Financial Trends of World Bank Fina
5.1 Overview of Financial Intermediary Funds Ov
Cumulative
Funds Held in Trust by FIFs, IBRD/IDA Trust Funds
Funds Held in Trust by the Largest FIFs FHIT for
Contributions to FIFs158 The average annual cont
Contributions to FIFs by Sector/Theme In the per
Transfers from FIFs FIFs have become significant
Transfers from Old and New FIFs Annual transfers
Number of Active FIFs The number of active FIFs
Cumulative Contributions by Top Ten FIF Donors160
Contributions to FIFs by Donor Type161 Sovereign
FIF Commitments to Projects by Recipient Group164
WBG as IA for FIFs167, 168 The transfers from FI
Transfers to the WBG as IA, by FIFs Of the total
Transfers from FIFs to the WBG as IA and Other IA
FIFs by Year of Establishment and Cumulative Fund
Transfers to Top Ten IAs FIFs transferred $30.3
CHAPTER 6 Financial Intermediary Funds Reform
6.1 Introduction The World Bank is a premier int
renders secretariat services but only has a minor
ANNEXES
Annexes Annex 1 Cash Contributions—IBR
Annex 1 Cash Contributions—IBRD/IDA Trust Funds
Donor
Donor
Donor
Donor
Annex 2 Cash Contributions—Financial Intermediar
Donor
Donor
Annex 3 Glossary of Key Terms Term
Term Definition
Term Definition
Term Definition
Annex 4 Index of Trust Funds Index of Trust Fun
26. Palestinian Partnership for Infrastructure
58. Competitive Industries and Innovation Progr