89577 Finland and World Bank Group Trust Funds As of December 31, 2013 PORTFOLIO AT A GLANCE Finland’s contributions to the World Bank Group (WBG) totaled US$838.0 million for fiscal years 2009-14Q2. In the first six months of fiscal year 2014 (FY14), Finland contributed US$20.5 million to International Bank for Reconstruction and Development/International Development Association trust funds (IBRD/IDA TFs), and US$27.5 million to Financial Intermediary Funds (FIFs). 1/ Total Contributions to the WBG (FY09-14Q2 in US$ Millions) 2/ Annual Cash Contributions to WBG Trust Funds (FY09-13) FIFs 213.7 60 (26%) 50 40 (US$ Millions) FIFs IDA 369.8 30 IFC TFs (44%) IBRD/IDA TFs 16.3 (2%) 20 IFC TFs 10 IBRD/IDA 0 TFs 238.2 2009 2010 2011 2012 2013 (28%) • Number of active TFs at end of FY14Q2 was 64, including 44 IBRD/IDA TFs, 11 FIFs, and 9 International Finance Corporation (IFC) TFs. • Finland ranked 17th among development partners in terms of contributions to WBG TFs over fiscal years 2009-14Q2. Finnish contributions were received from the Ministry for Foreign Affairs, at 99 percent, and the Ministry of Employment and Economy, at 1 percent. Top WBG Trust Funds Receiving Cash Contributions Cash Contributions WGB Trust Funds by Classification (FY09-14Q2 in US$ Millions) Afghanistan Reconstruction Trust Fund 58.7 IBRD/IDA Multi Donor Trust Fund for Co-Financing of the General Education Quality Improvement 26.1 Project in Ethiopia Readiness Fund of the Forest Carbon Partnership Facility 19.9 Global Environment Facility (GEF) - Trust Fund 97.7 FIF Heavily Indebted Poor Countries (HIPC) - FINLAND - APEX 33.1 The Global Fund to Fight AIDS, Tuberculosis, and Malaria 26.1 Mekong Private Sector Development Facility (MPDF III) 7.9 IFC IFC/Finland Ministry of Employment and Economy Holding Trust Fund 3.5 Finland/IFC Trust Fund for Long Term Program of Technical Assistance in Eastern Europe 1.9 Top WBG Trust Fund Agreements (First Two Quarters of FY14) • Finland signed new contribution agreements totaling US$12.5 million with the largest contributions to each IBRD/IDA TFs and FIFs as follows: »» Multi-donor Umbrella Facility for Capacity Development (MFCD) (IBRD/IDA, US$0.8 million) »» Trust Fund for the Least Developed Countries Fund for Climate Change (FIF, US$4.8 million) »» Consultative Group on International Agricultural Research (CGIAR) Multi Donor Trust Fund (FIF, US$4.0 million) 1/ All figures exclude the Advance Market Commitment (AMC) FIF, and IFC-managed funds supporting Special Initiatives and Investment Programs that are not part of the TF pool. 2/ Contributions to IDA are reported as paid-In: amount received by the Bank in the form of cash or promissory notes (net of certain discounts). Contributions to TFs are reported on a cash basis. All contributions are reported based on historical values using the date of receipt and may include contribution transfer from other trust funds. Official Use Only – Not for further disclosure without the consent of The World Bank 1 Finland and World Bank Group Trust Funds As of December 31, 2013 IBRD/IDA Trust Fund Disbursements Over fiscal years 2009-14Q2, 60 percent (US$129.1 million) in disbursements from IBRD/IDA TFs supported by Finland were made through recipient- executed trust funds, of which 38 percent co-financed Bank projects. The remaining 40 percent (US$85.8 million) were made through Bank-executed trust funds. 3/ Disbursements of Recipient-executed TFs, by Region (FY09-14Q2 in US$ Millions) Disbursements of Recipient-executed TFs, by Sector LCR1.9 LCR 2.6 Global Global 0.7 45 41.3 MNA 7.4 (1%) 1.8 (1%) (1%) ECA 7.3 (2%) 40 (6%) 35 ECA 7.6(6%) (US$ Millions) MNA (6%)7.7 30 26.2 (7%) 25 EAP 9.7 AFR 61.9 20 (8%) EAP 10.5 AFR 55.3 (48%) 12.3 12.3 (47%) 15 10.6 (9%) 9.0 10 6.1 4.0 3.9 3.2 5 0.2 0 SAR 38.9 SAR 33.3 (30%) (28%) AFR: Africa LCR: Latin America and the Caribbean EAP: East Asia and Pacific MNA: Middle East and North Africa ECA: Europe and Central Asia SAR: South Asia WBG Trust Fund Portfolio Comparisons Share of FY09-FY14Q2 WBG TF Volumes WBG Trust Funds by Classification Finland Top 10 Donors All Donors FIF Contributions 46% 63% 58% Disbursements Contributions IBRD/IDA TF Contributions 51% 33% 36% of which to Single-Donor TFs 21% 25% 28% of which to Multi-Donor TFs 79% 75% 72% IFC TF Contributions 3% 4% 6% IBRD/IDA TF Disbursements via Bank-executed TFs 40% 16% 16% via Recipient-executed TFs 60% 84% 84% of which support Fragile States 55% 48% 40% of which support IDA Countries 76% 69% 59% For More Information Anita Bhatia Jaehyang So Director, WBG Development Partners Relations Director, and IFC Partnerships and Trust Funds Trust Funds CFPTO & CFPMI ABhatia@ifc.org Jso@worldbank.org +1 (202) 458-1503 +1 (202) 473-7654 3/ Disbursement breakdowns for multi-donor trust funds are prorated based on donor cash contributions as of FY14Q2. Disbursements from IBRD/IDA TFs for which funding is transferred from FIFs are not included (e.g. GEF IBRD as Implementing Agency). 2