Since March 2020, the World ¶¹ÄÌÊÓƵAPP Group has mounted the fastest and largest crisis response in its history to help developing countries respond and recover from the COVID-19 crisis. For the first 27 months of the COVID-19 crisis¡ªApril 1, 2020 to June 30, 2022¡ªthe ¶¹ÄÌÊÓƵAPP Group delivered an unprecedented $272 billion in new commitments, of which $79 billion was from IBRD, $91 billion form IDA, $75 billion from IFC, $13 billion from MIGA, and $14 billion from trust funds.
Trust funds and FIFs have made important contributions to the ¶¹ÄÌÊÓƵAPP Group¡¯s pandemic response. Many development partners have made new contributions to trust funds and FIFs to support the COVID-19 response. Looking back over the last two years, this chapter showcases how trust-funded activities have been ¡°first responders¡± to this crisis, as they often are in the case of many emergencies. Trust fund resources can be programmed or reprogrammed and deployed quickly throughout the year, enabling the ¶¹ÄÌÊÓƵAPP Group to assess the situation on the ground and provide immediate support while longer-term assistance is put in place. In the case of the COVID-19 response, trust funds have fast-tracked funding to meet emergency needs, boosted support for the most vulnerable, and helped lay the groundwork for countries to rebuild with more sustainability, resilience, and inclusion.