An Evaluation of the World Bank's Trust Fund Portfolio

ENDNOTES31. Cited in a 2008 independent evaluation of IDA buy-downs for polio eradication projects (Herbert and Skolnik 2008).32. Italian Cultural Heritage and Africa Catalytic Growth FundChapter 51. Since the Bank’s own financial contributions finance only 2 percent of the annual expenditures of the current 70 trust-fundedGRPPs, trust funds account largely for the Bank’s financial involvement with these programs.2. Measured in terms of the annual average of the number of main funds in fiscal 2002–10.3. See, for example, CFPTO Annual Report 2009 (World Bank 2009b).4. As discussed in chapter 3, whereas in Rwanda IDA support shifted from primary to secondary education to take account ofthe country’s absorption of large EFA/FTI support, in Ethiopia, IDA, EFA/FTI, and other donor aid all financed a majorgovernment education program.5. Reference: EFA/FTI independent evaluation (Cambridge Education, Mokoro Ltd., and Oxford Policy Management 2010).6. For example, the World Bank was asked to serve as trustee (on an interim basis to be reviewed in 2010) for the AdaptationFund, which was established in 2007 under the UNFCC as a principal source of adaptation support for developing countries.7. The three FIFs not submitted to the Board were deemed not to require Board approval according to trust fund policyOP14.40 (presented in full in Appendix G).8. “Transforming the Bank's Knowledge Agenda - A Framework for Action” (World Bank 2010j).9. Core knowledge products are defined as analytical and advisory work for client countries (economic and sector work, impactevaluation, nonlending technical assistance, and external training), internal knowledge products (toolkits, good practice casestudies, and databases), and knowledge as a public good (research, global monitoring and data, and the World DevelopmentReport). These numbers are not fully consistent with the overall data on BETFs in the CFP database (and used elsewhere in thisreport). They are used here in the detailed review of BETF use for Bank knowledge products because of their greater reliability andspecificity.10. A total of 41 interviews were carried out—a response rate of 82 percent.11. FY11 budget (2020n).12. World Bank, Access to Information Handbook, Attachment A-5 Trust Funds and Partnerships. (World Bank 2010a).Appendix E1. Global Partnership and Trust Fund Operations Department (CFPTO) Trust Fund Handbook, July 8, 2010, Annex H (draft).(World Bank 2010k)Appendix F1. IFC has made significant progress toward aligning its trust fund policies with those of the World Bank. The new policybecame effective on January 1, 2009, and it specifies a minimum size of the trust fund (250,000), the criteria for establishment oftrust funds and types of trust funds (IFC executed, recipient executed, and financial intermediary), a standard administrative fee(5 percent), and standard reporting and single audit requirements. The new policy does not allow IFC to accept donor funds withnationality restrictions.2. IFC’s Sustainable Business line of activity was created in July 2010 from the merger of the Corporate Advice and Sustainabilitybusiness lines.126