¶¹ÄÌÊÓƵAPP

Trust funds are an integral part of the ¶¹ÄÌÊÓƵAPP¡¯s financing instruments. ¶¹ÄÌÊÓƵAPP uses trust funds strategically to complement core funding from the International ¶¹ÄÌÊÓƵAPP for Reconstruction and Development (IBRD), and the International Development Association (IDA), and to support the achievement of its institutional goals by providing sizable financial resources to specific development priorities, regions, and thematic focus areas.

Trust funds enhance the World ¶¹ÄÌÊÓƵAPP¡¯s capacity to support delivery of results in our client countries. They provide resources to advance work on global public goods, fragile and conflict-affected states, disaster prevention and relief, global and regional partnerships and knowledge and innovation.

Trust Fund Reform

The role of trust funds has evolved dramatically during the last few decades, and the World ¶¹ÄÌÊÓƵAPP has undertaken initiatives and reforms to continuously improve the effectiveness of trust fund resources and activities. ¶¹ÄÌÊÓƵAPP¡¯s latest reform to transition the IBRD/IDA trust fund portfolio into fewer and larger Umbrella Programs aims to deliver transformative solutions for client countries and development partners through improved strategic alignment, increased efficiency, reduced fragmentation and transactions costs, and enhanced management oversight.

For our Development Partners, the reform elevates the World ¶¹ÄÌÊÓƵAPP-Donor partnership to focus on strategy, enables collective action at scale on development challenges, supports knowledge exchange, and strengthens results reporting and visibility. For clients, the reform facilitates better alignment of trust fund activities with country priorities and enables trust fund resources to be better integrated in World ¶¹ÄÌÊÓƵAPP country programs.

The IBRD/IDA trust fund reform aims to reduce fragmentation in the World ¶¹ÄÌÊÓƵAPP's trust fund portfolio. At the heart of this initiative is the streamlining of this portfolio into a limited number of larger Umbrella Programs.

Umbrella Programs

• Are strongly aligned with the World ¶¹ÄÌÊÓƵAPP's priorities and maximize the value of development resources through strengthened integration with the ¶¹ÄÌÊÓƵAPP¡¯s institutional strategy, planning, budgeting, and staffing processes.
• Provide opportunities for elevated dialogue between the World ¶¹ÄÌÊÓƵAPP and its development partners.
• Operate at scale to achieve improved results on the ground while improving development effectiveness and impact for client countries.

Beyond scale, the reform process has ensured that Umbrella Programs come with standardized approaches to governance, communications and visibility, as well as managing for results and reporting. These greatly reduce transaction costs and allow the ¶¹ÄÌÊÓƵAPP and its development partners to focus on delivering results where it matters most. 

Selected Umbrella Programs

See more: Directory of Trust-Funded Programs