The Concessional Finance and Global Partnerships (CFP) vice presidency is the World Bank Group’s unit responsible for mobilizing and managing concessional and grant financing. CFP engages in strategic resource mobilization, playing a key intermediation role in matching the needs of recipients with donor priorities through a variety of concessional lending and grant instruments.
In partnership with donors and other World Bank Group units, CFP pursues strategic alignment that helps insure that resources mobilized are channeled to priority areas. The Vice Presidency is organized as follows:
IDA Resource Mobilization. This department manages the replenishment negotiations for the International Development Association (IDA), which take place every three years, to ensure adequate and growing resources for the needs of the world’s poorest countries. In collaboration with other Bank Group units, it is also responsible for developing a robust operational and financial policy framework to support the effective use of IDA resources and the financial strength of IDA.
Trust Fund Operations. This department oversees the development and dissemination of policies and business processes for World Bank-administered trust funds. It provides centralized support and training to trust fund users and managers. TFO also manages select programmatic trust funds such as PHRD, JSDF, CTFs, and BNPP.
Multilateral Trusteeship and Innovative Financing department. This department is responsible for the development, implementation and management of the business, financial and operational frameworks for multi-donor and multilateral trust funds and initiatives, including the design and implementation of innovative financial initiatives. It provides trustee, fiscal agency and financial management services to multilateral initiatives including the Global Fund to Fight AIDS, Tuberculosis and Malaria (GFATM), the Global Environment Facility (GEF), the International Finance Facility for Immunization (IFFIm) and the HIPC Debt Initiative. It also provides financial management for the Pilot Advance Market Commitment (AMC) on vaccines against pneumococcal diseases.
Financial Management. This depatment advises on the development of financial policy and reviews the management of financial and operational risks in CFP's business lines and related concessional Bank portfolios.