Trust Fund Support for Development : An Evaluation of the World Bank's Trust Fund Portfolio
In the changing global environment of development cooperation, trust funds have emerged as a significant pillar of the global aid architecture, used to address limitations in bilateral aid and fill perceived gaps in the operations of existing multi...
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| Format: | Publications & Research |
| Language: | English en_US |
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Washington, DC: World Bank Group
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2011/01/15890252/trust-fund-support-development-evaluation-world-banks-trust-fund-portfolio http://hdl.handle.net/10986/21345 |
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okr-10986-21345 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE ARRANGEMENTS AID COORDINATION AID FINANCING AID FLOWS ALLIANCE ALLOCATION DECISIONS BALANCE SHEET BANK ACTIVITIES BANK MANAGEMENT BANK POLICIES BANK SUPERVISION BENEFICIARIES BILATERAL AID BLOCK GRANTS BOUNDARIES BUDGET CONSTRAINTS BUDGETING BULLET CASH TRANSFER CHARTER CONFLICT CONFLICTS CONFLICTS OF INTEREST CONSOLIDATION CONSTRAINT CONVENTION CORPORATION CRISES DEBT DEBT RELIEF DEVELOPING COUNTRIES DEVELOPMENT AID DEVELOPMENT ASSISTANCE DEVELOPMENT FINANCE DEVELOPMENT PROJECTS DISBURSEMENTS DONOR COUNTRIES DONOR COUNTRY ECONOMIC COOPERATION EXPENDITURES FINANCE CORPORATION FINANCIAL INTERMEDIARY FINANCIAL INTERMEDIATION FINANCIAL RESOURCES FINANCING SOURCES FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN EXCHANGE RISK MANAGEMENT FUND MANAGEMENT GLOBAL TRADE GLOBALIZATION GOVERNANCE ARRANGEMENT GOVERNANCE ARRANGEMENTS GOVERNANCE STRUCTURES IBRD IFC IMF IMMUNIZATION INDEBTED INDEBTED POOR COUNTRIES INDIVIDUALS INFORMATION SYSTEMS INSTRUMENT INTERNATIONAL BANK INTERNATIONAL CONTEXT INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INVESTING INVESTMENT FUND INVESTMENT FUNDS INVESTMENT PROJECTS JUDGMENT LEVERAGE LIMITED LIQUID ASSETS LIQUIDITY LOAN MANAGERS MANDATE MEETING MODALITIES MULTILATERAL AGENCIES MULTILATERAL AID MULTILATERAL DEVELOPMENT BANKS NATIONS NONGOVERNMENTAL ORGANIZATION NONGOVERNMENTAL ORGANIZATIONS NUMBER OF BANK OPERATIONAL RISK OPERATIONAL RISKS PARTNERSHIP POLITICAL ECONOMY PORTFOLIO PROJECT APPRAISAL PUBLIC ADMINISTRATION RECIPIENT COUNTRIES RECIPIENT COUNTRY RECONSTRUCTION RESOURCE ALLOCATION RISK ASSESSMENTS RISK MANAGEMENT ROAD SEGREGATION SETTLEMENT SHAREHOLDERS SOCIAL SERVICES SOURCES OF AID STAKEHOLDER STAKEHOLDERS TECHNICAL ASSISTANCE TECHNICAL COOPERATION TRANSACTION TRANSACTION COSTS TRANSPARENCY TRUST FUND TRUST FUNDS TRUSTEE UNDP WAR |
| spellingShingle |
ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE ARRANGEMENTS AID COORDINATION AID FINANCING AID FLOWS ALLIANCE ALLOCATION DECISIONS BALANCE SHEET BANK ACTIVITIES BANK MANAGEMENT BANK POLICIES BANK SUPERVISION BENEFICIARIES BILATERAL AID BLOCK GRANTS BOUNDARIES BUDGET CONSTRAINTS BUDGETING BULLET CASH TRANSFER CHARTER CONFLICT CONFLICTS CONFLICTS OF INTEREST CONSOLIDATION CONSTRAINT CONVENTION CORPORATION CRISES DEBT DEBT RELIEF DEVELOPING COUNTRIES DEVELOPMENT AID DEVELOPMENT ASSISTANCE DEVELOPMENT FINANCE DEVELOPMENT PROJECTS DISBURSEMENTS DONOR COUNTRIES DONOR COUNTRY ECONOMIC COOPERATION EXPENDITURES FINANCE CORPORATION FINANCIAL INTERMEDIARY FINANCIAL INTERMEDIATION FINANCIAL RESOURCES FINANCING SOURCES FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN EXCHANGE RISK MANAGEMENT FUND MANAGEMENT GLOBAL TRADE GLOBALIZATION GOVERNANCE ARRANGEMENT GOVERNANCE ARRANGEMENTS GOVERNANCE STRUCTURES IBRD IFC IMF IMMUNIZATION INDEBTED INDEBTED POOR COUNTRIES INDIVIDUALS INFORMATION SYSTEMS INSTRUMENT INTERNATIONAL BANK INTERNATIONAL CONTEXT INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INVESTING INVESTMENT FUND INVESTMENT FUNDS INVESTMENT PROJECTS JUDGMENT LEVERAGE LIMITED LIQUID ASSETS LIQUIDITY LOAN MANAGERS MANDATE MEETING MODALITIES MULTILATERAL AGENCIES MULTILATERAL AID MULTILATERAL DEVELOPMENT BANKS NATIONS NONGOVERNMENTAL ORGANIZATION NONGOVERNMENTAL ORGANIZATIONS NUMBER OF BANK OPERATIONAL RISK OPERATIONAL RISKS PARTNERSHIP POLITICAL ECONOMY PORTFOLIO PROJECT APPRAISAL PUBLIC ADMINISTRATION RECIPIENT COUNTRIES RECIPIENT COUNTRY RECONSTRUCTION RESOURCE ALLOCATION RISK ASSESSMENTS RISK MANAGEMENT ROAD SEGREGATION SETTLEMENT SHAREHOLDERS SOCIAL SERVICES SOURCES OF AID STAKEHOLDER STAKEHOLDERS TECHNICAL ASSISTANCE TECHNICAL COOPERATION TRANSACTION TRANSACTION COSTS TRANSPARENCY TRUST FUND TRUST FUNDS TRUSTEE UNDP WAR Independent Evaluation Group Trust Fund Support for Development : An Evaluation of the World Bank's Trust Fund Portfolio |
| description |
In the changing global environment of
development cooperation, trust funds have emerged as a
significant pillar of the global aid architecture, used to
address limitations in bilateral aid and fill perceived gaps
in the operations of existing multilateral institutions.
They currently account for about 11 percent of official
development assistance (ODA), and they finance a substantial
part of the World Bank's business. The activities they
fund are highly varied, ranging from huge global programs
with their own governance structures to conventional
development projects, debt and disaster relief operations,
and technical assistance. This IEG evaluation, undertaken at
the request of World Bank executive directors, assesses the
value of the trust fund vehicle as a way of delivering aid
and the effectiveness and efficiency of the deployment of
trust fund resources. In addition, the evaluation assesses
the Bank's management and accountability for the use of
trust fund resources and the impact of trust funds on the
Bank's development role. The evaluation finds that
donors, recipients, and the World Bank have considerable
overlapping interests in this vehicle, but their interests
may diverge on specific issues such as how trust fund
allocation decisions are made and how trust funds are
governed and managed. Furthermore, while trust funds can add
value by providing coordinated grant financing for specific
countries, development issues, and especially global public
goods, the deployment of trust fund resources does not
consistently work in accordance with the Paris Declaration
aid principles of country ownership and donor coordination.
Notably, many trust funds of global scope involve
insufficient recipient participation and lack clear outcome
objectives. For other trust funds, a three-pillar approach
consisting of country-specific trust funds; global and
regional partnership programs; and multi-donor,
multi-recipient umbrella facilities will allow the Bank to
strengthen the effectiveness, efficiency, and accountability
for results. |
| format |
Publications & Research |
| author |
Independent Evaluation Group |
| author_facet |
Independent Evaluation Group |
| author_sort |
Independent Evaluation Group |
| title |
Trust Fund Support for Development : An Evaluation of the World Bank's Trust Fund Portfolio |
| title_short |
Trust Fund Support for Development : An Evaluation of the World Bank's Trust Fund Portfolio |
| title_full |
Trust Fund Support for Development : An Evaluation of the World Bank's Trust Fund Portfolio |
| title_fullStr |
Trust Fund Support for Development : An Evaluation of the World Bank's Trust Fund Portfolio |
| title_full_unstemmed |
Trust Fund Support for Development : An Evaluation of the World Bank's Trust Fund Portfolio |
| title_sort |
trust fund support for development : an evaluation of the world bank's trust fund portfolio |
| publisher |
Washington, DC: World Bank Group |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2011/01/15890252/trust-fund-support-development-evaluation-world-banks-trust-fund-portfolio http://hdl.handle.net/10986/21345 |
| _version_ |
1764448002218393600 |
| spelling |
okr-10986-213452021-04-23T14:04:01Z Trust Fund Support for Development : An Evaluation of the World Bank's Trust Fund Portfolio Independent Evaluation Group ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE ARRANGEMENTS AID COORDINATION AID FINANCING AID FLOWS ALLIANCE ALLOCATION DECISIONS BALANCE SHEET BANK ACTIVITIES BANK MANAGEMENT BANK POLICIES BANK SUPERVISION BENEFICIARIES BILATERAL AID BLOCK GRANTS BOUNDARIES BUDGET CONSTRAINTS BUDGETING BULLET CASH TRANSFER CHARTER CONFLICT CONFLICTS CONFLICTS OF INTEREST CONSOLIDATION CONSTRAINT CONVENTION CORPORATION CRISES DEBT DEBT RELIEF DEVELOPING COUNTRIES DEVELOPMENT AID DEVELOPMENT ASSISTANCE DEVELOPMENT FINANCE DEVELOPMENT PROJECTS DISBURSEMENTS DONOR COUNTRIES DONOR COUNTRY ECONOMIC COOPERATION EXPENDITURES FINANCE CORPORATION FINANCIAL INTERMEDIARY FINANCIAL INTERMEDIATION FINANCIAL RESOURCES FINANCING SOURCES FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN EXCHANGE RISK MANAGEMENT FUND MANAGEMENT GLOBAL TRADE GLOBALIZATION GOVERNANCE ARRANGEMENT GOVERNANCE ARRANGEMENTS GOVERNANCE STRUCTURES IBRD IFC IMF IMMUNIZATION INDEBTED INDEBTED POOR COUNTRIES INDIVIDUALS INFORMATION SYSTEMS INSTRUMENT INTERNATIONAL BANK INTERNATIONAL CONTEXT INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INVESTING INVESTMENT FUND INVESTMENT FUNDS INVESTMENT PROJECTS JUDGMENT LEVERAGE LIMITED LIQUID ASSETS LIQUIDITY LOAN MANAGERS MANDATE MEETING MODALITIES MULTILATERAL AGENCIES MULTILATERAL AID MULTILATERAL DEVELOPMENT BANKS NATIONS NONGOVERNMENTAL ORGANIZATION NONGOVERNMENTAL ORGANIZATIONS NUMBER OF BANK OPERATIONAL RISK OPERATIONAL RISKS PARTNERSHIP POLITICAL ECONOMY PORTFOLIO PROJECT APPRAISAL PUBLIC ADMINISTRATION RECIPIENT COUNTRIES RECIPIENT COUNTRY RECONSTRUCTION RESOURCE ALLOCATION RISK ASSESSMENTS RISK MANAGEMENT ROAD SEGREGATION SETTLEMENT SHAREHOLDERS SOCIAL SERVICES SOURCES OF AID STAKEHOLDER STAKEHOLDERS TECHNICAL ASSISTANCE TECHNICAL COOPERATION TRANSACTION TRANSACTION COSTS TRANSPARENCY TRUST FUND TRUST FUNDS TRUSTEE UNDP WAR In the changing global environment of development cooperation, trust funds have emerged as a significant pillar of the global aid architecture, used to address limitations in bilateral aid and fill perceived gaps in the operations of existing multilateral institutions. They currently account for about 11 percent of official development assistance (ODA), and they finance a substantial part of the World Bank's business. The activities they fund are highly varied, ranging from huge global programs with their own governance structures to conventional development projects, debt and disaster relief operations, and technical assistance. This IEG evaluation, undertaken at the request of World Bank executive directors, assesses the value of the trust fund vehicle as a way of delivering aid and the effectiveness and efficiency of the deployment of trust fund resources. In addition, the evaluation assesses the Bank's management and accountability for the use of trust fund resources and the impact of trust funds on the Bank's development role. The evaluation finds that donors, recipients, and the World Bank have considerable overlapping interests in this vehicle, but their interests may diverge on specific issues such as how trust fund allocation decisions are made and how trust funds are governed and managed. Furthermore, while trust funds can add value by providing coordinated grant financing for specific countries, development issues, and especially global public goods, the deployment of trust fund resources does not consistently work in accordance with the Paris Declaration aid principles of country ownership and donor coordination. Notably, many trust funds of global scope involve insufficient recipient participation and lack clear outcome objectives. For other trust funds, a three-pillar approach consisting of country-specific trust funds; global and regional partnership programs; and multi-donor, multi-recipient umbrella facilities will allow the Bank to strengthen the effectiveness, efficiency, and accountability for results. 2015-01-22T23:49:36Z 2015-01-22T23:49:36Z 2011 http://documents.worldbank.org/curated/en/2011/01/15890252/trust-fund-support-development-evaluation-world-banks-trust-fund-portfolio 978-1-60244-179-8 http://hdl.handle.net/10986/21345 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC: World Bank Group Publications & Research Publications & Research :: Publication |