Trust funds are one of the ways the World Bank works with development partners: these are financing instruments, funded by one or more donors, that support poor and middle-income countries. The World Bank manages these funds, ensuring sound oversight, transparency, and accountability. Trust funds are essentially partnerships, both in the way money is raised and spent. They enable the World Bank to work with a variety of donors and partners, and to mobilize and direct grant money and support where they are most needed, making them a powerful tool for global development. As the World Bank implements a new playbook with scalable and replicable solutions, how can we further sharpen the impact of trust funds? This was one of the topics of discussion last month at the ninth Trust Fund Forum, held in Geneva. At this forum, donors to the World Bank’s trust funds and financial intermediary funds gathered to exchange lessons and ideas in the context of today’s challenges. Learn more: [ Ссылка ]
00:00 Confronting crises and shocks
00:47 Collaboration and partnerships
01:50 Trust funds
02:25 Trust fund reforms
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ABOUT THE WORLD BANK 🌐 The World Bank is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development on a livable planet. [ Ссылка ]
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