Trust Fund is a financing arrangement set up with contributions from one or more external donor(s), and/or World Bank Group and disburses funds to the recipients or to the Bank to support development related activities.
The World Bank Group is normally responsible for all financial and programmatic functions of a Trust Fund, including oversight of the operational use of the funding. In fulfilling its responsibilities, the World Bank as Administrator/Trustee complies with relevant agreement entered into with the donors and internal policies applicable to the World Bank Group. The TF resources are used to support the Bank’s own work program through Bank-executed trust funds (BETFs) and funds are also provided to third party executing agencies through Recipient-executed trust funds (RETFs). Financial Intermediary Funds (FIFs) comprise of trust funds not covered by either the BETFs or RETFs categories in which the Bank provides specific administrative or financial services with a limited fiduciary or operational role.
Trust Funds Commitment is a financial liability created as a result of the (i) approved funding proposal by WBG or respective governing bodies for FIFs based on established procedures, (ii) grant amounts agreed with the recipients in case of Recipient executed funds and (iii) Approved grant amount for the Bank executed funds. This dataset provides the approved commitments recorded in Trust fund ledgers for every fiscal year by Trust fund. The information is available by fiscal year from 2012 onwards.