Profile Picture Dave Francis Rodrigues

created Oct 26 2012

updated Apr 25 2017

Description

Financial Intermediary Funds (FIFs) are multilateral financing arrangements for which the World Bank provides Trustee services that include committing and transferring funds to project implementers (generally international organizations such as multilateral development banks or UN agencies).
In all cases the World Bank as Trustee is required to act in accordance with instructions of independent governing bodies. In fulfilling its responsibilities, the World Bank as Trustee complies with all sanctions applicable to World Bank transactions.
This dataset provides data on FIFs cash transfers at the transaction detail level. Funds are channeled in a coordinated manner to a range of recipients in the public and private sectors through a variety of arrangements. FIF trusteeship involves holding, investing and transferring funds as directed by the FIF governing body. Trusteeship does not involve overseeing or supervising the use of funds; this is the role of other agencies that receive the funding and who are responsible for project or program implementation. Transfers are generally made by the Trustee to external agencies (other MDBs, UN agencies, etc.) for the implementation of activities.

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Category
Trust Funds and FIFs
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fifs, beneficiaries, country level
Licensing and Attribution
Data Provided By
World Bank
Source Link
(none)
License
Attribution 3.0 IGO
Data As Of
Data As Of
03/31/2012
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