The Spanish Trust Fund for Impact Evaluation, which closed in June 2012, was a €10.4 million program ($13.75 million) funded by Spain with a $1.5 million grant from Britain. The goal of the five-year trust fund was to support the World Bank in evaluating the impact of innovative programs to improve people’s lives through better health, education, and social assistance programs. The Spanish Fund has financed impact evaluations in 37 eligible countries across all developing regions, conducted training for policymakers and researchers, and disseminated results through a variety of publications and meetings.
Given the current economic background, improving aid effectiveness and promoting results-based management in Spanish agencies, and in partner with developing countries, is increasingly important. The Spanish Trust Fund advanced global knowledge on "what works" to promote the United Nations Millennium Development Goals and other key human development goals. The trust fund also built the capacity of developing countries, World Bank staff, and Spanish and other development partner agency staff to carry out rigorous impact evaluations and effectively utilize the results.