The Korea- World Bank Partnership Facility (KWPF), established in May 2013, is an initiative to strengthen ties between Korea’s Ministry of Economy and Finance (MoEF) and the World Bank. The facility’s overall objective is to support low- and middle-income countries that seek to adapt and apply Korea's development experience and technical expertise to achieve inclusive and sustainable development. Through this Facility, the Government of Korea provided US$488 million between FY14-FY23, making it the largest Trust Fund with any Multilateral institution. The second phase of the KWPF for FY24-27, in the amount of US$140 million, was signed on October 12, 2022, and became effective on July 1, 2023.
KWPF Global Portfolio Overview
