Transcript Trust Fund Portfolio Trends

Introducing
the
2010 TRUST
FUND
ANNUAL
REPORT
Trust Funds – Delivering Development Results
"the majority of trust funds reviewed have
supported programs and activities of material
development importance, consistent with
country and global development priorities and
the Bank's mandate and strategies.”
- Independent Evaluation Group (IEG)
Trust Fund Support for Development
An Evaluation of the World Bank’s Trust Fund Portfolio, March 2011
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Definitions
A New Typology – Reflecting Roles and Responsibilities
IBRD/IDA
TFs
FIFs
IFC TFs
• Bank-Executed TFs (BETFs) - used in support of the Bank’s work
• Recipient-Executed TFs (RETFs) - funds provided to a third party,
normally in the form of project financing, and supervised by the Bank.
• The Bank, as trustee, administrator, or treasury manager, provides an
agreed set of financial and administrative services, managing donor
contributions and transferring them to partner entities.
• IFC manages the funds in support of IFC advisory services and donorfunded investments.
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Strategic Context:
Trust Fund Portfolio Trends
WBG-administered Trust Funds
Assets at end-FY10 (US$billions)
*1
 At end-FY10, funds held in
trust by the WBG amounted to
US$26 billion
 Contributions receivable stood
at $12.4 billion
*1 - the pilot Pneumococcal Advance Market
Commitment (AMC) was created in FY09
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Strategic Context:
Trust Fund Portfolio Trends
Cash Contributions to WBG-administered Trust Funds
Cumulative FY02-FY10
US$ million
12,000
 In recent years, portfolio
growth has largely been
driven by Financial
Intermediary Funds
(FiFs).
Four-fold increase in
contributions to TFs
from $2.7 billion in
FY02 to $11.4 billion in
FY10
10,000
8,000
6,000
4,000
2,000
0
2002
2003
2004
2005
Financial Intermediary Funds
2006
2007
IBRD/IDA Trust Funds
2008
2009
2010
IFC Trust Funds
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Strategic Context:
Trust Fund Portfolio Trends
10 Largest Donors to WBG-administered Trust Funds
Cumulative FY06-FY10
The United Kingdom has
accounted for 19% of total
IBRD/IDA TF contributions
during FY06-FY10
The United States has
primarily contributed to FIFs
and is the single largest
contributor, accounting for
22% of total cash
contributions to FIFs since
FY06.
Contributions from
“emerging donors” increased significantly over
the last five years to US$610
million in FY10.
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Strategic Context:
Trust Fund Portfolio Trends
WBG-administered Trust Funds: Annual Disbursements, FY06-FY10
(US$ billions)
 Disbursements grew
from US$4.4 billion in
FY06 to US$9.5 billion in
FY10, an average
annual growth rate of
21%
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RETFs
Where Does the Money Go? - $3.1 billion in FY10
 Among the Bank’s Regions, the
Sub-Saharan Africa Region
continued to be the largest
beneficiary of RETFs in FY10
Regional Share of RETF Disbursements
for FY10
 Three sectors dominated the use
of RETFs: public administration
and law, education, and health
and social services
Sector Allocation of RETF Disbursements
for FY10
RETF flows to fragile states have increased from just over US$630 million in FY05 to US$1.2 billion in FY10. RETFs
have provided significant support in Afghanistan, Iraq, Kosovo, Southern Sudan, Timor Leste, and West Bank and Gaza,
among others.
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BETFs
Supporting the Bank’s Work Program
Selected Business Activities Funded from Bank Budget and BETFs in FY10
(in US$ millions and percentage share of BETFs)
 In FY10 BETF
disbursements
increased by 22%
(over FY09) to US$560
million
.
In FY10, BETFs funded:
• 53% of the Bank’s technical assistance expenditures
• 40% of knowledge management work and 28% of economic and sector work
• 56% of total Bank expenditures on external partnership
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Financial Intermediary Funds
 The majority of FIFs address Health
(77%) and Environment and Climate
Change (16%).
FIF Transfers by Focal Area
(percentage of total funds transferred)
 Country-level funding from the main
health-related FIFs is primarily allocated
to projects in IDA countries (78%)
 Country-level funding from Environment
and Climate Change FIFs primarily goes
to IBRD countries (70%)
Recently established FIFs have helped address food security challenges (e.g., the Global Agriculture and Food
Security Facility) and natural disasters (e.g., the Haiti Reconstruction Fund).
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