An Evaluation of the World Bank's Trust Fund Portfolio

CHAPTER 2THE WORLD BANK’S TRUST FUND PORTFOLIO AND POLICYTrust fundcontributionsexceeded IDAcontributions infiscal years2003–08.2.2 While trust fund contributions amounted to far less than IDAcontributions through the mid-1990s, they surpassed total IDAcontributions in the three-year periods of both IDA 13 (fiscal 2003–05)and IDA 14 (fiscal 2006–08), as shown in figure 2.1. (The figure doesnot include the current IDA 15 replenishment period because trustfund contribution totals are only known for the first two years, fiscal2009 and 2010.) 1Figure 2.1 Contributions to Bank-Administered Trust Funds Have SurpassedContributions to IDA25.020.0(US$ billions)15.010.0IDATrust Funds5.00.0IDA 9:FY91-93IDA 10:FY94-96IDA 11:FY97-99IDA 12:FY00-02IDA 13:FY03-05IDA 14:FY06-08Sources: Trust fund accounting system, trust fund database, and World Bank Group annual reports.Note: The IDA 9 total contribution amount, which was reported in Special Drawing Rights (SDRs), has been converted into USdollars by applying the average daily exchange rate over the fiscal 1991–93 period.A Structural OverviewIn fiscal 2010the Bankadministeredabout 1,075active trustfunds entrustedto it by about205 donors.2.3 The World Bank now administers a diverse portfolio of trustfunds entrusted to it by some 205 donors. In fiscal 2010, there weresome 1,075 active main trust funds. That is the number of trust fundsset up with donor contributions and actively disbursing funds insupport of programs and activities. See figure 2.2 for a depiction ofthe overall structure of these many Bank-administered trust funds.2.4 The key components of this structure are the following:The 205 donors comprise governments, multilateral agencies,nongovernmental organizations, foundations, and otherprivate organizations.The 1,075 main trust funds are the number of trust funds setup with donor contributions in support of programs andactivities. These funds involve arrangements with a single12