Trust funds and the partnerships they support are important tools to help the World Bank Group adapt to the fast-changing landscape of development finance. Partnership programs are increasingly used to “crowd-in” nongovernmental and private sector partners and link their knowledge and financing to the Bank Group’s capacity to deliver solutions in client countries. Trust funds and partnership programs serve as a complement to IDA and IBRD financing.
The Trust Funds and Partnerships Department (DFPTF) is responsible for creating and disseminating the policies and business processes of trust funds and partnership programs, as well as serving as trustee of large global funds, known as financial intermediary funds.
DFPTF helps develop and manage the Bank’s partnership and trust fund business operations by serving as a liaison between external and internal clients on strategy, policy, program management, and best practices. DFPTF serves as the World Bank’s central trust fund establishment unit, facilitating the setting up of trust funds.
The department also manages the World Bank’s role as trustee of financial intermediary funds (FIF). This entails providing a financial services including receiving, holding and investing contributed funds, and transferring them when instructed by the FIF governing body. Under some FIFs, the Bank also provides customized treasury management or other agreed financial services. FIF trusteeship does not involve overseeing or supervising the use of funds.
DFPTF serves as trustee for more than 20 of the largest multilateral trust funds managed by the Bank, including the Global Environment Facility (GEF), the Climate Investment Funds, HIPC Debt Initiative, the Consultative Group on International Agricultural Research, the International Finance Facility for Immunisation, and the Global Fund to Fight Aids, Tuberculosis and Malaria (GFATM). To learn more, visit Financial Intermediary Funds.
DFPTF is also responsible for the management of the Development Grant Facility (DGF) (being phased out) and cross-sectoral programmatic trust funds, including the Policy and Human Resource Development (PHRD), the Japan Social Development Funds (JSDF), the Avian and Human Influenza Facility (AHI), and the Bank-Netherlands Partnership Program (BNPP).