An Evaluation of the World Bank's Trust Fund Portfolio

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CONTENTSFigure 5.3 All Networks, Especially the Sustainable Development Network, Rely Heavily on BETFs for BankExpenditures (FY08–10 Totals) .......................................................................................................... 72Figure 5.4 BETFs Provide a Large Share of Budget Resources for Africa and East Asia and the Pacific (FY08–10 Totals) ........................................................................................................................................... 73Figure 5.5 Trust Funds Finance over a Third of the Bank’s Core Knowledge Products ....................................... 74Figure 5.6 AAA Accounts for Three-Quarters of BETF Disbursements for Core Knowledge Products (FY02–10Total) .................................................................................................................................................. 74vi
AbbreviationsAAA Analytic and advisory activitiesAPOC African Program for OnchocerciasisBETF Bank-executed trust fundsCAS Country Assistance StrategyCFP Concessional Finance and GlobalPartnerships Vice PresidencyCGAP Consultative Group to Assist the PoorCGIAR Consultative Group on InternationalAgricultural ResearchCIF Climate Investment FundsCTF Clean Technology FundDAC Development Assistance CommitteeDFID Department for InternationalDevelopment (U.K.)EFA/FTI Education for All/Fast TrackInitiativeESMAP Energy Sector ManagementAssistance ProgramFIF Financial Intermediary FundFMTAAS Funding Mechanism for TechnicalAssistance and Advisory ServicesGAVI Global Alliance for Vaccines andImmunizationGEF Global Environmental FacilityGFA GAVI Fund AllianceGRM Grant reporting and monitoringGRPP Global and Regional PartnershipProgramGRIF Guyana REDD-plus Investment FundGTLP Global Trade Liquidity ProgramGTZ German Technical CooperationHIPC Heavily indebted poor countriesHRBF Health Results-Based FinancingHRFIBRDHaiti Reconstruction FundInternational Bank for Reconstructionand DevelopmentICM Implementation CompletionMemorandumIDA International DevelopmentAssociationIEG Independent Evaluation GroupIFC International Finance CorporationIFFIm International Financial Facility forImmunizationKCP Knowledge for Change ProgramLDCF Least Developed Countries Fund forClimate ChangeMDG Millennium Development GoalMDTF Multidonor Trust FundNGO Nongovernmental organizationODA Official development assistanceOECD Organisation for Economic Cooperationand DevelopmentOPEC Organization of the PetroleumExporting CountriesORAF Operational Risk AssessmentFrameworkQAG Quality Assurance GroupRETF Recipient-executed trust fundSCF Strategic Climate FundSCCF Special Climate Change FundSDTF Single-donor trust fundTF Trust fundTQC Trust Fund Quality Assurance andCompliance GroupUNICEF United Nations Children’s FundUNDP United Nations DevelopmentProgrammeUNFCC United Nations FrameworkConvention on Climate ChangeUSIAD United States Agency for InternationalDevelopmentVPU Vice-presidential unitiii
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 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 39: CHAPTER 1THE ROLE OF TRUST FUNDS IN
Page 42 and 43: CHAPTER 2THE WORLD BANK’S TRUST F
Page 56 and 57: CHAPTER 3THE RELEVANCE AND EFFECTIV
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CHAPTER 3THE RELEVANCE AND EFFECTIV
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CHAPTER 4MANAGEMENT AND ACCOUNTABIL
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CHAPTER 5THE IMPACT OF TRUST FUNDS
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6. Findings and Recommendations6.1
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CHAPTER 6FINDINGS AND RECOMMENDATIO
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CHAPTER 6FINDINGS AND RECOMMENDATIO
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the evaluation, namely operational
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Appendix A: Methodology NoteCalcula
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Appendix B: Trust Fund Use in the E
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APPENDIX B: TRUST FUND USE IN THE E
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APPENDIX B: TRUST FUND USE IN THE E
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APPENDIX C: LIST OF INDIVIDUALS CON
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APPENDIX D: CORE TRUST FUND PORTFOL
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Appendix E: Trust-Funded FinancialI
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APPENDIX E: FINANCIAL INTERMEDIARY
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APPENDIX E: FINANCIAL INTERMEDIARY
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Appendix F: Reliance on Donor Funds
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APPENDIX F: RELIANCE ON DONOR FUNDS
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Appendix G: World Bank Operational
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Appendix H: Organizational Aspects
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Appendix I: Trust Fund Support for
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ENDNOTES3. Over fiscal 2002-10, the
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ENDNOTES31. Cited in a 2008 indepen
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SELECTED BIBLIOGRAPHYKharas, H. 200
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SELECTED BIBLIOGRAPHY____. 2010l.
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An Evaluation of the World Bank's Trust Fund Portfolio

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