An Umbrella 2.0 Program (UP) is a program supported by one or more trustee level Trust Funds, designed to provide scale and efficiency for enhanced development impact and effectiveness. It is the primary way for Donors to partner with World Bank through trust funds. Umbrella 2.0 Programs promote:
· A strategic way to partner with the World Bank and finance mutual priorities.
· Access to the World Bank's management in the context of high-level policy and strategy dialogue.
· Opportunities to collectively address global and local development challenges and achieve meaningful results at scale.
· Improved narrative and results reporting and greater attention to communications and visibility for donors.
· Greater access to knowledge-sharing opportunities on key development issues.
A Standalone Trust Fund (STF) is a Trust Fund that is not part of an Umbrella 2.0 Program. A Standalone Trust Fund can be a Multi-Donor Trust Fund or a Single Donor Trust Fund. A Standalone Trust Fund may be established:
· To provide co-financing to an IBRD or IDA operation.
· To finance activities that cannot be accommodated in an existing Global, Regional or Country Umbrella or for activities that do not contribute to the World Bank's highest strategic priorities but are of medium-term interest.