Main Messages
- Trust funds and financial intermediary funds (FIFs) are key pillars of the WBG’s development finance, responding to emerging global needs and providing flexible and customized development solutions to help clients.
- Trust funds are held to the same top fiduciary standards, responsible investment strategy, and robust operational procedures applied to all other WBG activities.
- Significant results and impacts have been achieved through trust funds over the past five years. They have enabled the WBG to support priority development issues to complement the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD) operations, generate knowledge and analytics, pilot and scale up innovations, and build strong partnerships.
- FIFs have enabled the World Bank and the world community at large to engage in new and urgent corporate and global priorities, provide the flexibility for customization based on partnership needs, and allow the World Bank to develop innovative financing models.
- The 2017 Trust Fund Annual Report summarizes key results, financial trends, and reforms pertaining to WBG trust funds and FIFs. The first section covers WBG trust funds, which consist of IBRD/IDA trust funds, International Finance Corporation (IFC) trust funds, and Multilateral Investment Guarantee Agency (MIGA) trust funds. Section two covers FIFs, which are financial arrangements that typically leverage a variety of public and private resources in support of international initiatives.
