Analysis of Recipient Executed Trust Funds

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dc.creatorHuq, Wahida
dc.date2017-07-17T19:00:29Z
dc.date2017-07-17T19:00:29Z
dc.date2010-03
dc.date.accessioned2026-07-01T01:08:30Z
dc.descriptionIn recent years, bilateral aid channeled through multilateral organizations like the World Bank has become an important vehicle for concessional finance for development. At the end of FY09, the World Bank held US$23.9 billion in trust, an amount that has doubled since FY05. While much of the growth reflects the increase in large Financial Intermediary Funds (FIFs), there has also been a rapid increase in Recipient Executed Trust Funds (RETFs). This paper aims to inform internal Bank audiences and stimulate discussion on some selected issues - primarily the growing importance of RETFs as a source of finance and relevance to Bank's country level operations. The report also examines briefly the link between RETF allocations and country performance. The report finds that disbursements of RETFs grew by twenty percent over FY03-FY09. Over this period the trends in regional disbursement shares shifted away from East Asia and Pacific and South Asia Regions to Africa Region. Recipient country concentration is evident: fifty percent of the disbursements have been from six countries - Afghanistan, West Bank and Gaza, Ethiopia, Vietnam, Indonesia and China. RETF disbursements, as a share of the combined International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), and RETF, grew from five percent in FY03 to twelve percent in FY08, while that of IBRD and IDA fluctuated. The bulk of the disbursements from RETF grants were from IDA eligible countries. RETFs appear to have substituted for IDA in fragile and conflict affected states. Disbursements from RETF grants and IDA credits were broadly aligned by sector. There may be some correlation between RETF grants allocation and country performance but the results are not conclusive. The report identifies some areas for further examination: whether RETFs should complement or substitute for Bank operations in specific cases; and whether RETF allocations should be made on the basis of some need or performance based country priorities, outcomes and results.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/561781468152073741/Analysis-of-recipient-executed-trust-funds
dc.identifierhttps://hdl.handle.net/10986/27578
dc.identifierhttps://doi.org/10.1596/27578
dc.identifier.urihttp://hdl.handle.net/123456789/415548
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationCFP Working Paper Series;No. 5
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectACCOUNTING
dc.subjectADVISORY SERVICES
dc.subjectAID EFFECTIVENESS
dc.subjectALLOCATION MECHANISM
dc.subjectANNEXES
dc.subjectARREARS
dc.subjectASSISTANCE PROGRAM
dc.subjectASSISTANCE PROGRAMS
dc.subjectBANK ACTIVITIES
dc.subjectBANK FINANCING
dc.subjectBANK LENDING
dc.subjectBANK POLICIES
dc.subjectCAPACITY BUILDING
dc.subjectCAS
dc.subjectCASS
dc.subjectCONSOLIDATION
dc.subjectCOUNTRY ASSISTANCE
dc.subjectCOUNTRY ASSISTANCE STRATEGIES
dc.subjectCOUNTRY ASSISTANCE STRATEGY
dc.subjectCOUNTRY PERFORMANCE
dc.subjectCOUNTRY PROGRAMS
dc.subjectCREDITS
dc.subjectDEBT
dc.subjectDEBT REDUCTION
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICING
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT FINANCE
dc.subjectDISBURSEMENT
dc.subjectDISBURSEMENTS
dc.subjectECONOMIC GROWTH
dc.subjectFINANCE CORPORATION
dc.subjectFINANCES
dc.subjectFINANCIAL ASSISTANCE
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INTERMEDIARY
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCING SOURCES
dc.subjectFLEXIBLE FINANCING
dc.subjectFRAGILE INSTITUTIONS
dc.subjectFUNDING SOURCE
dc.subjectFUNDING SOURCES
dc.subjectGUARANTEE AGENCY
dc.subjectHUMAN DEVELOPMENT
dc.subjectHUMAN RESOURCES
dc.subjectIDA CREDIT
dc.subjectIMMUNIZATION
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTRUMENT
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL FINANCE
dc.subjectJURISDICTION
dc.subjectLOAN
dc.subjectMONETARY FUND
dc.subjectNPL
dc.subjectNUTRITION
dc.subjectOFFICIAL DEVELOPMENT ASSISTANCE
dc.subjectOPERATING COSTS
dc.subjectPEOPLES
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO PERFORMANCE
dc.subjectPROMISSORY NOTES
dc.subjectPUBLIC ADMINISTRATION
dc.subjectRECIPIENT COUNTRIES
dc.subjectRECIPIENT COUNTRY
dc.subjectRESOURCE ALLOCATION
dc.subjectSAFETY NETS
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSOCIAL SERVICES
dc.subjectSPECIAL FINANCING
dc.subjectSTOCKS
dc.subjectTA
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTITLE
dc.subjectTRANSPORT
dc.subjectTRUST FUND
dc.subjectTRUST FUNDS
dc.subjectTRUSTEE
dc.titleAnalysis of Recipient Executed Trust Funds
dc.typeWorking Paper
dc.typeDocument de travail
dc.typeDocumento de trabajo

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