Funds in Administration

Trust funds have become the largest source of financing for the Bank’s nonreimbursable technical cooperation projects. The funds are established by donors to provide support to IDB borrowing member countries through consulting services, training and cofinancing for Bank loans and the Social Entrepreneurship Program.

In 2007, the Bank received $54.5 million in contributions, of which trust fund donors contributed $35.6 million and the Bank administered 42 active trust funds for technical cooperation activities (see Table XIV • Active Funds in Administration). Of the total $167.8 million in technical cooperation grants approved during the year, $51.5 million came from trust fund resources. Of this total, Japanese trust funds accounted for $23 million, followed by Korean funds with $6 million and the Spanish General Cooperation Fund with $4.8 million.

In 2007 the donors trust funds and the Bank established two multidonor and two consultants trust funds, the Sustainable Energy and Climate Change Initiative (SECCI), the Disaster Prevention Trust Fund, the Chilean Trust for Learning from International Best Practices and the Chilean Trust Fund for Supporting Technological Innovation in Central America and the Dominican Republic.