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Financing Culture & Sustainable Development


Italian Trust Fund for Culture and Sustainable Development (ITFCSD)

(See below for list of activities associated with this trust fund and click here to download the full text document.  PDF 96.6 KB)


The Italian Trust Fund for Culture and Sustainable Development (ITFCSD) was established by the Italian Government in September 2000 with an initial amount of ITL 5 billion (US$2.39 million). This amount was increased by additional Euro 2.5 million (US$ 2.25 million) in 2001. A new Trust Fund was created in 2007 for nearly US$ 1 million. 

The purpose of the ITFCSD is to assist the Bank in the implementation of initiatives that advance the preservation, promotion and management of cultural assets and enhance cultural heritage related activities in developing countries, particularly those located in the Mediterranean Region. The ITFCSD provides support to the preparation and implementation of Bank-financed operations by funding research, policy and program analysis, economic and sector studies and training. It is also used to implement self-standing pilot projects entailing the appreciation of the cultural patrimony, the improvement of education, the share of information and knowledge, the diffusion of best practices.

The ITFCSD resources were committed to finance 20 projects between February 2002 and January 2004, for a total amount of about US$ 4.5 million. Investments have been made in 14 countries, both within the Mediterranean basin and worldwide, namely in Albania, Armenia, Bosnia and Herzegovina, China, Egypt, Eritrea, Jordan, India, Iran, Macedonia, Morocco, Pakistan, Tunisia, Yemen. The most recent grants were allocated for activities in Afghanistan, Albania, Brazil, Morocco, Peru, Nile Basin Region, and ECA Region.
 
In general the ITFCSD development impact has been outstanding. The ITFCSD represents the major source of grants for cultural heritage activities, a role that has been further emphasized by a growing investments demand. Its resources are equal to about 0.8% of the aggregate cost of the Bank’s cultural heritage operations, intended both as comprehensive programs and single components of major urban, infrastructure, environment, social and community driven development programs, under implementation and/or in preparation.

The ITFCSD has been successful in drawing financial support and highly technical expertise in conjunction to some of Bank’s major cultural heritage programs. Among these, the reconstruction of the Mostar Bridge; the rehabilitation of the historic perimeter of Asmara and Massawa in Eritrea, and of the Fez Medina in Morocco; the setting of the Bardo Museum complex in Tunisia; the design of the tourism development strategy in Jordan and of the urban heritage conservation strategy in selected sites in China; the assessment of the cultural sector in Iran, which represents the milestones of the World Bank commitment in the field of cultural heritage in this country. Their impact in building best practices and transferring capacity to client countries has enhanced the sustainability of the cultural heritage programs. The ITFCSD resources have also been used to support the first damage assessment following the earthquake in Bam. 

Moreover, the ITFCSD is helping the Bank in enforcing the mandatory safeguard policy (OP 4.11 – Physical Cultural Resources) newly approved by the Board and replacing the Bank’s Policy Note (OPN 11.03 – Management of Cultural Property in Bank-financed Projects). This policy will require an assessment of the potential risks to physical cultural assets at an early stage in the project cycle for all the projects financed by the World Bank.

List of the ITFCSD activities

 Activities

Grant Amount*

Peru: Vilcanota Valley Rehabilitation and Management Project 

90,000

Brazil: Municipal APL - Sao Luís Enhhancing Municipal Governance and Quality of Life Project

150,000

Morocco: Investment Strategies for Sustainable Tourism in Historic Cities  

100,000

Afghanistan: Kabul Urban Reconstruction Project   

70,000

Africa Region: Capacity Building for Integration of Cultural Resources Management into Development Programs and Projects in the Nile Basin Region

100,000

ECA Region: Cultural Heritage for Local Economic Development in the Balkans

150,000

Chongqing Urban Environment Project 

423,842.41

Macedonia Community Development and Culture Project 

299,655.65

Morocco Historic Centers Revitalization Program (Meknes) 

100,000

Morocco Fez Medina Resource Mobilization and Knowledge Exchange Conference 

95,000

Bosnia and Herzegovina Pilot Cultural Heritage Project 

150,000

Tunisia Cultural Heritage Project 

327,200

Eritrea Cultural Assets Rehabilitation Project 

220,000

Jordan Cultural Heritage, Tourism and Urban Development Project

350,000

Revitalization for Growth of Selected Crafts and Folk Performances In Rajasthan

300,000

International Exhibition and Policy Forum on the Mediterranean City at the Library of Alexandria - Egypt

250,000

Pilot Cultural Patrimony Education Program

180,000

Communications for Cultural and Natural Resources Management - Butrint Archeological Site and National Park

300,000

Safeguarding Physical Cultural Resources

100,000

Growth Strategy for Orissa, Sector Study and Project Identification

150,000

Iran Sustainable Urban Cultural Heritage Project

100,000

Improving Iran Cultural Heritage Organization Capacity in the Protection, Conservation and Social and Economic Exploitation of National Cultural Patrimony

300,000

Data Management System for Yemen National Museum in San’a

250,000

Armenia Heritage Management and Socio-Economic Regeneration in Rural Areas

200,000

Policy Dialogues and Seminars on Cultural Heritage Promotion, Economics and Management of Cultural Heritage, Participation of Private Sector in Cultural Heritage Management

220,000

Incorporating Tourism and Cultural Heritage Promotion in the Private Sector Development Strategy for Pakistan

175,000

Total

5,300,698.06

            * figures in USD


 Download the report on completed ITFCSD Activities ( PDF 96.6 KB)

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