Profile Picture Sam S. Lee

created Dec 14 2011

updated Sep 8 2016

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.
The innovative financing and governance arrangements of FIFs enable funds to be raised from multiple sources, including from sovereign and private sources. FIF structures are customizable. For instance FIFs have been customized to receive contributions in the form of concessional loans in addition to traditional grant funds, and can provide funding to recipients using customized financial products.

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Trust Funds and FIFs
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fifs, donors, country level
Licensing and Attribution
Data Provided By
World Bank Group
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(none)
License
Attribution 3.0 IGO
Data As Of
Data As Of
10/31/2011
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