In fiscal year 2021 The World Bank Group (WBG) disbursed about $3.6 billion dollars ofTrust Fund contributions through development partners, IBRD, IDA and the IFC. Trust fund resources complement World Bank operations, expanding their scope and reach and supporting their quality. They promote increased development effectiveness and enable the World Bank to provide assistance when its ability to lend is limited, including in fragile and emergency situations, and for countries in arrears and to non-member countries. Trust Funds also contribute to the World Bank’s knowledge agenda by financing close to two-thirds of its advisory services and analytics products as well as technical advisory services for clients. Trust Funds attract new sources of finance and promote innovative financial solutions in support of the global public goods agenda, including combating climate change and addressing the challenges of fragility, conflict, violence, forced displacement and pandemics.
In 2013 The World Bank Group (WBG) disbursed about $52 billion dollars to finance projects, mainly through IBRD, IDA and the IFC. These disbursements are the ‘regular’ projects financed by the WBG. However, the WBG also has many Trust Funds (TFs), which complement regular project financing. The TFs are often established to adequately respond to economic and/or social developments. In 2013, the WBG held about $29 billion in trust funds. The activities financed by TFs can differ from basic and small consultancy projects to very large multimillion dollar construction projects. Continue reading