An Evaluation of the World Bank's Trust Fund Portfolio

CONTENTSSelected Bibliography ...................................................................................................................................... 127BoxesBox 2.1. Trust Funds since the 1960s .................................................................................................................. 11Box 2.2 Bank-Administered Trust Funds Must Be Aligned with Its Mandate and Strategies ................................ 22Box 2.3 Reforms Have Substantially Improved Controls But Not Integration with Bank Processes ..................... 23Box 3.1 The Indonesia Country Partnership Strategy Lists Trust Funds Along with All Other Resources to beDeployed in Achieving the Strategy’s Goals ............................................................................................ 28Box 3.2 Multiple Financing Sources Support a Large Program in Ethiopia ........................................................... 30Box 3.3 Well-Integrated Trust-Funded Activities Help Scale Up Country Operations ........................................... 31Box 3.4 The Global Fund Meets Disease Targets But Not Health System Capacity Needs ................................. 32Box 3.5 Trust Funds Need Flexibility in Matching Aid Modalities to Country Conditions ...................................... 33Box 3.6 MDTFs: A Limited Share of Total Aid, But an Important Aid Coordination Platform in Post-ConflictSituations ................................................................................................................................................ 34Box 3.7 Bank-Managed Carbon Funds: Innovative But Limited Catalytic Impact ................................................. 35Box 3.8 Trust-Funded Analytical Work Has Underpinned Aid to the West Bank and Gaza .................................. 38Box 3.9 Relevance and Effectiveness of Global and Regional Partnership Programs (GRPPs) .......................... 46Box 3.10 Recipients’ Balance Sheet on Trust Funds ............................................................................................ 47Box 4.1 One Region’s Efforts to Integrate Trust Funds ........................................................................................ 57Box 4.2 Few GRM Reports in Bolivia .................................................................................................................... 60Box 4.3 How VPU Managements Monitor Trust Fund Implementation ................................................................. 61Box 4.4 Poor Information Impairs Accountability .................................................................................................. 62Box 5.1 Has the World Bank Reduced Its Lending for Primary Education in FTI Countries? ............................... 68TablesTable 1.1 Characteristics of Trust Funds and Trust-Funded Activities .................................................................... 3Table 2.1 Seven of the 16 FIFs Have More Than 10 Donors Providing Support .................................................. 16Table 2.2 The Scope of Activities Financed by Trust Funds ................................................................................. 19Table 3.1 The Impact of Trust Fund Structural Features on the Funds’ Deployment of Resources .................... 45Table 5.1 The Bank Plays Various Roles in FIF-Funded Programs...................................................................... 70FiguresFigure 1.1 Trust Funds Amount to about 11 Percent of Total Aid from OECD Member Countries (CY07–08Annual Average) ................................................................................................................................... 2Figure 1.2 Donors Mainly Use Trust Funds to Fill Gaps in the System of Multilateral Aid ...................................... 5Figure 2.1 Contributions to Bank-Administered Trust Funds Have Surpassed Contributions to IDA .................... 12Figure 2.2 The Current Structure of the Bank’s Trust Fund Portfolio (FY09/10) ................................................... 14Figure 2.3 Contributions to FIFs Account for More Than 50 Percent of Trust Fund Contributions (FY02–10) ..... 15Figure 2.4 Two of the Top 10 Donors Account for a Quarter of All Trust Fund Contributions, But They DirectTheir Resources in Starkly Different Ways (FY02–10) ........................................................................ 16Figure 2.5 Single-Donor Trust Funds Continue to Predominate in Number ofActive Main Trust Funds (FY02–10) ................................................................................................... 17Figure 2.6 RETFs Have Increased in Both Volume and Share of RETF, IBRD, and IDA Disbursements ............ 18Figure 2.7 BETFs Now Account for Almost a Quarter of Total Bank Budget Resources ...................................... 18Figure 3.1 One-Third of Sampled Trust Funds Aim to Pilot or Disseminate Innovations ...................................... 40Figure 5.1 Three Sectors Account for 64 Percent of RETF Disbursements (FY08–10 Totals) ............................. 67Figure 5.2 BETFs as a Share of Total Bank Budget Resources Have Grown in Both Network ............................ 72v