89582 Italy and World Bank Group Trust Funds As of December 31, 2013 PORTFOLIO AT A GLANCE Italy’s contributions to the World Bank Group (WBG) totaled US$2,094.4 million for fiscal years 2009-14Q2. In the first six months of fiscal year 2014 (FY14), Italy contributed US$4.2 million to the International Development Association (IDA), US$8.3 million to International Bank for Reconstruction and Development/IDA trust funds (IBRD/IDA TFs), US$3.1 million to Financial Intermediary Funds (FIFs), and US$1.2 million to International Finance Corporation (IFC) TFs. 1/ Total Contributions to the WBG (FY09-13Q2 in US$ Millions) 2/ Annual Cash Contributions to WBG Trust Funds (FY09-13) FIFs 284.8 200 (14%) IFC TFs 180 2.0 (<1%) 160 140 (US$ Millions) IBRD/IDA 120 FIFs TFs 258.8 (12%) 100 IBRD/IDA TFs 80 60 IFC TFs 40 20 IDA 0 1,548.9 2009 2010 2011 2012 2013 (74%) • Number of active TFs at end of FY14Q2 was 56, including 43 IBRD/IDA TFs, 10 FIFs, and 3 IFC TFs. • Italy ranked 15th among development partners in terms of contributions to WBG TFs over fiscal years 2009-14Q2. Italian contributions were received from the Ministry of Treasury, at 69 percent, and the Ministry of Foreign Affairs, at 31 percent. Top WBG Trust Funds Receiving Cash Contributions Cash Contributions WGB Trust Funds by Classification (FY09-14Q2 in US$ Millions) Italian Pilot Advance Market Commitment For Pneumococcal Vaccines Holding TF 103.1 IBRD/IDA Afghanistan Reconstruction Trust Fund 70.2 Multi Donor Trust Fund for Co-Financing of the General Education Quality 20.6 Improvement Project in Ethiopia International Finance Facility For Immunization 174.8 FIF Global Environment Facility - (GEF) Trust Fund 67.6 Heavily Indebted Poor Countries (HIPC) - ITALY - APEX 28.7 Multi-Donor Trust Fund for Ethiopia Private Sector Development Initiative 1.2 IFC Foreign Investment Advisory Services (FIAS) Master Trust Fund 0.7 Top WBG Trust Fund Agreements (First Two Quarters of FY14) • Italy signed new contribution agreements totaling US$10.9 million with the largest contributions to each IBRD/IDA TFs, FIFs, and IFC TFs as follows: »» Afghanistan Reconstruction Trust Fund (IBRD/IDA, US$8.2 million) »» Consultative Group on International Agricultural Research (CGIAR) Multi Donor Trust Fund (FIF, US$1.1 million) »» Multi-Donor Trust Fund for Ethiopia Private Sector Development (IFC, US$1.2 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 Italy and World Bank Group Trust Funds As of December 31, 2013 IBRD/IDA Trust Fund Disbursements Over fiscal years 2009-14Q2, 82 percent (US$167.6 million) in disbursements from IBRD/IDA TFs supported by Italy were made through recipient- executed trust funds, of which 41 percent co-financed Bank projects. The remaining 18 percent (US$37.0 million) were made through Bank-executed trust funds. 3/ Disbursements of Recipient-executed TFs, by Region (FY09-13Q2 in US$ Millions) Disbursements of Recipient-executed TFs, by Sector LCR 4.1 Global Global 60 52.9 MNA 6.6 (2%) 4.3 (3%) 3.3 (2%) MNA 4.8(4%) 50 LCR 7.0 (3%) 39.8 (US$ Millions) (4%) EAP 12.5 40 30.5 (7%) AFR 56.1 30 EAP 12.3 (8%) (36%) SAR 63.8 ECA 19.1 (38%) 20 13.3 11.8 (11%) ECA 18.2 8.6 10 6.4 (12%) 2.0 1.9 0.1 0.3 0 AFR 58.9 SAR 54.2 (35%) (34%) 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 Italy Top 10 Donors All Donors FIF Contributions 52% 63% 58% Disbursements Contributions IBRD/IDA TF Contributions 47% 33% 36% of which to Single-Donor TFs 45% 25% 28% of which to Multi-Donor TFs 55% 75% 72% IFC TF Contributions <1% 4% 6% IBRD/IDA TF Disbursements via Bank-executed TFs 18% 16% 16% via Recipient-executed TFs 82% 84% 84% of which support Fragile States 42% 48% 40% of which support IDA Countries 72% 69% 59% For More Information Anita Bhatia Jaehyang So WBG Director, Development Partner Relations Director, and IFC Director, Partnerships & 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