A GUIDE FOR DEVELOPMENT PARTNERSTrust Funds & Partner Relations October 2023PARTNERING WITH THE WORLD BANK THROUGH TRUST FUNDS AND UMBRELLA 2.0 PROGRAMSPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedDevelopment Finance (DFi)iAbout the World BankThe World Bank,1 comprising the International Bank for Reconstruction and Development (IBRD), which lends to governments of middle-income and creditworthy low-income countries, and the International Development Association (IDA), which provides financing on highly concessional terms to governments of the poorest countries, is one of the largest sources of development finance and expertise globally. Working in almost all thematic and sectoral international development areas, it made commitments of US$72.8 billion in its fiscal year 2023 (FY2023) from July 2022 to June 2023.The World Bank is headquartered in Washington, D.C., USA and operates in more than 140 countries worldwide. In FY2023, it employed nearly 13,100 full-time staff (53.2 percent of them women) and about 6,000 full-time equivalent short-term consultants/temporaries.The World Bank’s organizational structure is designed to support delivery of its strategy and programs. Technical staff are organized into four Practice Groups and seven Regional Vice Presidencies. The Practice Groups—Human Development; Equitable Growth, Finance and Institutions; Sustainable Development; and Infrastructure—house Global Practice units (technical areas of expertise), while the Regional Vice Presidencies—Eastern and Southern Africa; Western and Central Africa; East Asia and the Pacific; Europe and Central Asia; Latin American and the Caribbean, Middle East and North Africa, and South Asia—house Country Management Units. Technical staff are professionally mapped to Practice Groups and organizationally assigned to Regional Vice Presidencies. Units delivering corporate services and functions support these units. As of June 2023, 98 percent of Country Directors/Country Managers and 49 percent of staff are based in seven geographic regions.MissionTo end extreme poverty and boost shared prosperity on a livable planet.1 - Throughout the report, the term World Bank and the abbreviated Bank refer only to the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA); the term World Bank Group and the abbreviated Bank Group refer to the five institutions: IBRD, IDA, the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).Development Finance (DFi)iiAbout this GuideThis Guide provides a brief overview of World Bank Trust Funds2—what they are, what they fund, and the operating environment in which they are managed. It also describes the Umbrella 2.0 Program, an approach to organ...
