An Evaluation of the World Bank's Trust Fund Portfolio

More documents

Recommendations

Info

CHAPTER 5THE IMPACT OF TRUST FUNDS ON THE BANKtrust fund annual report on the Bank’s internal and external Websites. But this reporting does not describe trust funds in functionalterms (that is, how they are used) other than with selected examples,nor does it attempt to report in any aggregated way on theeffectiveness and efficiency of the use of trust funds.Trust fundshave not beenwell integratedinto thestandarddocumentationon the Bank’sbusiness thatgoes to theBoard.5.28 As previously noted, only trust funds with specifiedcharacteristics are required to be presented for Board approval, andfor the very large majority of trust funds, this requirement does notapply. Also, under current disclosure guidelines aggregate financialinformation on donor contributions is disclosed. 12 This does notinclude individual donor contributions to individual trust funds.5.29 Trust fund integration into Board documents. Trust fundshave not traditionally been well integrated into the standarddocumentation on the Bank’s business that goes to the Board forreview and, in some cases, approval, but improvements have beenmade in fiscal 2010. Notably:CASs: Trust funds are not yet adequately incorporated intoCASs, though there has been some notable good practicewithin the past year (as discussed in chapter 2). Thisintegration is an important way for the Board to be apprised ofhow trust funds are used in conjunction with the Bank’s ownresources in support of country programs.The Quarterly Business Review: These reviews, whichprovide an ongoing picture of budget and work programimplementation for Budget Committee discussion, haveincreased their discussion of trust funds along the lines ofwhat is now presented in the budget. There is room for furtherimprovement in the level of detail and integration with theBank budget and Bank operational issues. This would give theBoard a comprehensive picture of the total resource use forBank business and the relationships between differentresource categories.The annual budget: Trust funds have traditionally not beenwell integrated into the Bank’s budget, and this is onlyrecently beginning to change. The fiscal 2011 budgetdocument included more discussion of trust funds (and otherexternal funds) at the entity and VPU levels. Tables forcomponents of funding show, for example, the expectedgrowth rates by VPU for Bank budget and for all funds,including BETFs and reimbursables. Further integration ispossible, though there are limits due, for example, todifferences between Bank budget and BETF resources in theirutilization for Bank staff costs, periodicity, and predictability.76
5.30 Consistent with the thrust of this report, more transparency onFIFs and IBRD/IDA trust funds and more integration of trust fundsinto the standard operating and reporting systems of the Bank isessential for the Board’s oversight of this growing part of the Bank’sbusiness.CHAPTER 5THE IMPACT OF TRUST FUNDS ON THE BANKSummary5.31 Along with adding resources to Bank country operations, trustfunds have expanded the Bank’s role in specific countrycircumstances (where lending is not feasible) and in the provision ofpublic goods to an extent that could not otherwise have occurred withthe Bank’s own resources. FIFs, alone, have come to constitute asizable new business line, and going forward it would be advisablefor the Bank to review FIF experience to-date to determine whetherthe legal limitations on the Bank’s responsibility for FIF-fundedactivities remains consistent with its overall trust fund policy of onlyaccepting trust funds that promote development and aideffectiveness. Trust funds have also supplemented the Bank’s budgetin support of country operations and global knowledge work beyondwhat would otherwise have been possible—sometimes nudging Bankoperations to pilot innovations. Thus trust funds amount to a de factoincrease in the Bank budget, but not one made in the most strategic orefficient way. The Board has previously been poorly informed aboutthe Bank’s administration of trust funds and their implications for theBank’s overall business, though this has begun to change asevidenced by the greater attention to trust funds in the 2011 budgetdocument.77
Page 2 and 3:
The World Bank GroupWORKING FOR A W
Page 4 and 5:
©2011 The Independent Evaluation G
Page 6 and 7:
CONTENTSAllocation of Trust Fund Re
Page 8 and 9:
CONTENTSFigure 5.3 All Networks, Es
Page 10 and 11:
AcknowledgmentsThis report was prep
Page 12 and 13:
SummaryAs development challenges ex
Page 14 and 15:
SUMMARYchannels? In addition, the B
Page 16 and 17:
SUMMARYinnovative development finan
Page 18 and 19:
SUMMARYdonor funds in line with rec
Page 20 and 21:
Management ResponseIntroductionMana
Page 22 and 23:
MANAGEMENT RESPONSEplay at the leve
Page 24 and 25:
MANAGEMENT RESPONSEattention needs
Page 26 and 27:
MANAGEMENT ACTION RECORDMajor Monit
Page 28 and 29:
Chairperson’s Summary:Informal Me
Page 31 and 32:
1. The Role of Trust Funds in theGl
Page 33 and 34:
CHAPTER 1THE ROLE OF TRUST FUNDS IN
Page 35 and 36:
Page 37 and 38:
Page 39:
Page 42 and 43:
CHAPTER 2THE WORLD BANK’S TRUST F
Page 44 and 45:
Page 46 and 47:
Page 48 and 49:
Page 50 and 51:
Page 52 and 53:
Page 54 and 55:
Page 56 and 57: CHAPTER 3THE RELEVANCE AND EFFECTIV
Page 80 and 81: CHAPTER 4MANAGEMENT AND ACCOUNTABIL
Page 96 and 97: CHAPTER 5THE IMPACT OF TRUST FUNDS
Page 109 and 110: 6. Findings and Recommendations6.1
Page 111 and 112: CHAPTER 6FINDINGS AND RECOMMENDATIO
Page 113 and 114: CHAPTER 6FINDINGS AND RECOMMENDATIO
Page 115 and 116: the evaluation, namely operational
Page 117 and 118: Appendix A: Methodology NoteCalcula
Page 119 and 120: Appendix B: Trust Fund Use in the E
Page 121 and 122: APPENDIX B: TRUST FUND USE IN THE E
Page 123 and 124: APPENDIX B: TRUST FUND USE IN THE E
Page 125 and 126: APPENDIX C: LIST OF INDIVIDUALS CON
Page 131 and 132: APPENDIX D: CORE TRUST FUND PORTFOL
Page 137 and 138: Appendix E: Trust-Funded FinancialI
Page 139 and 140: APPENDIX E: FINANCIAL INTERMEDIARY
Page 141 and 142: APPENDIX E: FINANCIAL INTERMEDIARY
Page 143 and 144: Appendix F: Reliance on Donor Funds
Page 145 and 146: APPENDIX F: RELIANCE ON DONOR FUNDS
Page 147 and 148: Appendix G: World Bank Operational
Page 149 and 150: Appendix H: Organizational Aspects
Page 151: Appendix I: Trust Fund Support for
Page 154 and 155: ENDNOTES3. Over fiscal 2002-10, the
Page 156 and 157:
ENDNOTES31. Cited in a 2008 indepen
Page 158 and 159:
SELECTED BIBLIOGRAPHYKharas, H. 200
Page 160 and 161:
SELECTED BIBLIOGRAPHY____. 2010l.
show all

An Evaluation of the World Bank's Trust Fund Portfolio

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?