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Multilateral Trusteeship and Innovative Financing

The Multilateral Trusteeship and Innovative Financing department (CFPMI) serves two primary functions. (i) - It develops, implements, and manages the business, financial, and operational frameworks for multi-donor and multilateral trust funds and initiatives; and (ii) - It provides advice and manages the design and implementation process for innovative financing initiatives.

Multilateral Trusteeship

As the unit in the forefront of the Bank's engagement in global funds and innovative financing initiatives, CFPMI administers some of the biggest multilateral trust funds managed by the Bank and provides technical advice and support to donors. Additionally, the unit is responsible for the trusteeship of 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).The unit also oversees the day-to-day financial management of these multilateral funds including: managing donor pledges and receipts; the allocation, commitment, and disbursement of funds; financial and fiduciary management; and periodic replenishments. The department designs and provides end-to-end financial services for high-profile multi-donor programs, recording and monitoring financial and accounting transactions over the life cycle of multilateral trust funds and programs, and supporting substantial disbursements for a range of instruments under different governance and financial arrangements.

Innovative Financing

The Innovative Financing (IF) arm of CFPMI seeks to generate additional development finance for global public goods by tapping new sources and by engaging new partners, such as emerging donors and the private sector. At the same time, Innovative Finance has been used to deliver tailored solutions to specific development challenges at the country-level, in response to requests from national governments. IF can make a difference at all stages of financing, from additional funding to financial engineering to the effective use of funds. Some of the development challenges where Innovative Financing has been used include Millennium Development Goals, climate change, volatile and unpredictable development aid, natural disasters, macroeconomic shocks and unstable macroeconomic environments, dependence on foreign currency lending, missing incentives for effective development projects, and small and insufficient markets for goods and services.Examples of Innovative Financing initiatives include International Finance Facility for Immunisation, Adaptation Fund, Carbon Funds, Advance Market Commitment and Agriculture Pull Mechanism Initiative.


Manage the $19.5 billion trust fund for the Global Fund to Fight AIDS, Tuberculosis, and Malaria

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