[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110043-en":3,"doc-seo-110043-105":31,"detail-sidebar-cat-0-en-105":93},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},110043,7971461741311,"Ophelia","https://ap-avatar.wpscdn.com/avatar/74000253aff267980c6?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779345379180704826",8,"Research & Report","Trust Fund Policy - January 19, 2021 - World Bank guidance","Trust Fund Policy (January 19, 2021) sets out how World Bank trust funds function as a development finance platform, supporting shifting global priorities through funding, knowledge contributions, partnerships, and the Bank’s convening role. The policy describes trust funds as financial instruments holding and disbursing donor contributions, differentiating World Bank trust funds from Financial Intermediary Funds (FIFs). It outlines roles, administrative and operational services, and the principles guiding grants, loans, guarantees, and related assistance.","Public Disclosure Authorized Public Disclosure Authorized  \nDocument of  \nThe World Bank  \nFOR OFFICIAL USE ONLY  \nTRUST FUND POLICY  \nJanuary 19, 2021  \nDevelopment Finance Vice Presidency, Trust Funds and Partner Relations Department (DFTPR)  \nThis document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  \nAcronyms and Abbreviations  \nBETF Bank-Executed Trust Fund  \nCVP Communication and Visibility Plans  \nDPs Development Partners  \nEF External Funds  \nESMAP Energy Sector Management Assistance Program  \nFHIT Funds Held in Trust  \nFIF Financial Intermediary Fund  \nGP World Bank Global Practice  \nIDA International Development Association  \nIFC International Finance Corporation  \nMDB Multilateral Development Bank  \nMDTFs Multi-Donor Trust Funds  \nP&PF Policy and Procedure Framework  \nRETFs Recipient-Executed Trust Fund  \nSBO Strategy and Business Outlook  \nTF Trust Fund  \nTOs Transfers Out  \nTTLs Task Team Leaders  \nWB TFs World Bank TFs  \nWPAs Work Program Agreements  \nTABLE OF CONTENTS  \nI. Introduction ........................................................................................................................... 1  \nII. Changes to the TF Policy ...................................................................................................... 4  \nIII. Recommendations ................................................................................................................. 6  \nAnnex 1: Key Statistics on World Bank Trust Funds ............................................................... 8  \nAnnex 2: How Lessons Learned From Previous Trust Fund Reforms Inform Current Efforts ................................................................................................................................... 14  \nAnnex 3: The Move Towards Umbrella 2.0 Programs............................................................ 20  \nAnnex 4: The Continuum of Responses to Global Calls for Collective Action ..................... 22  \nAnnex 5: Current Trust Fund Policy (OP 14.40), Draft New Trust Fund Policy and SideBy-Side Comparison............................................................................................................ 25  \nLIST OF BOXES AND FIGURES  \nBox 1: What is a Trust Fund?.................................................................................................................... 1  \nBox 2: IEG Reviews of Trust Funds and Partnerships ......................................................................... 14  \nBox 3: What is a World Bank Trust Fund with Transfers Out?.......................................................... 24  \nFigure 1: World Bank Funds Held in Trust (FHIT) (FY16–FY20) ......................................... 8  \nFigure 2: Annual Cash Contributions to Trust Funds (FY16–FY20) ...................................... 9  \nFigure 3: Disbursements and Cash Transfers from Trust Funds (FY16–FY20) .................... 9  \nFigure 4: World Bank Trust Funds Cash Contributions by Donor Type (FY20) ................ 10  \nFigure 5: Disbursements from IBRD, IDA, and RETFs, FY16–FY20 .................................. 10  \nFigure 6: RETF Disbursements by Country Eligibility (FY16–FY20) (US$ millions) ......... 11  \nFigure 7: RETF Disbursements—Top 20 Trust Fund Programs (FY20) (US$ millions) .... 11  \nFigure 8: Distribution of Advisory Services and Analytics (ASA) Funding (FY16–FY20) . 12  \nFigure 9: Funds Held in Trust by the Largest FIFs ................................................................ 13  \nFigure 10: Transfers from FIFs to Implementing Entities ..................................................... 13  \nFigure 11: Active Trust Funds by Type, FY07-FY19 .............................................................. 16  \nFigure 12: World Bank Administrative Expenditures, FY07-FY19 ...................................... 18  \nFigu","cbCaih104Yxh0nD1","https://ap.wps.com/l/cbCaih104Yxh0nD1","pdf",1757646,7,1,42,"English","en",105,"# Introduction\n## Trust funds as development finance and partnerships\n## What is a trust fund?\n# Changes to the TF Policy\n# Recommendations\n# Annexes\n## Key statistics on World Bank trust funds\n## Lessons learned from previous trust fund reforms\n## The move towards umbrella 2.0 programs\n## The continuum of responses to collective action\n## Current trust fund policy and side-by-side comparison","[{\"question\":\"What is a trust fund under this policy?\",\"answer\":\"A trust fund is a financial instrument that accepts contributions from one or more donors and is held and disbursed by the World Bank as trustee.\"},{\"question\":\"What are the two types of trust funds mentioned?\",\"answer\":\"The policy distinguishes between World Bank trust funds and Financial Intermediary Funds (FIFs).\"},{\"question\":\"How does the World Bank use funds in World Bank trust funds?\",\"answer\":\"Funds are used for grants, loans, or guarantees for projects or programs, to augment the Bank’s administrative budget for its own development activities, and to provide financial assistance to facilitate debt reduction.\"}]","Trust Fund Policy - 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