IDEAS home Printed from https://ideas.repec.org/b/wbk/wbpubs/21345.html
   My bibliography  Save this book

Trust Fund Support for Development : An Evaluation of the World Bank's Trust Fund Portfolio

Author

Listed:
  • Independent Evaluation Group

Abstract

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.

Suggested Citation

  • Independent Evaluation Group, 2011. "Trust Fund Support for Development : An Evaluation of the World Bank's Trust Fund Portfolio," World Bank Publications - Books, The World Bank Group, number 21345.
    • Handle: RePEc:wbk:wbpubs:21345
    as

    Download full text from publisher

    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/21345/672870WP0Box367862B0tf0eval00PUBLIC0.pdf?sequence=1
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mundy, Karen & Verger, Antoni, 2015. "The World Bank and the global governance of education in a changing world order," International Journal of Educational Development, Elsevier, vol. 40(C), pages 9-18.
    2. Gamze Erdem Türkelli, 2021. "Transnational Multistakeholder Partnerships as Vessels to Finance Development: Navigating the Accountability Waters," Global Policy, London School of Economics and Political Science, vol. 12(2), pages 177-189, April.
    3. Nancy Birdsall & Christian J. Meyer, 2015. "The Median is the Message: A Good Enough Measure of Material Wellbeing and Shared Development Progress," Global Policy, London School of Economics and Political Science, vol. 6(4), pages 343-357, November.
    4. Erasmus Kersting & Christopher Kilby, 2021. "Do domestic politics shape U.S. influence in the World Bank?," The Review of International Organizations, Springer, vol. 16(1), pages 29-58, January.
    5. Heinzel, Mirko & Reinsberg, Bernhard, 2024. "Trust funds and the sub-national effectiveness of development aid: Evidence from the World Bank," World Development, Elsevier, vol. 179(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:wbpubs:21345. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tal Ayalon (email available below). General contact details of provider: https://edirc.repec.org/data/dvewbus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.