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Highlights


  • Seven New Funds
  • New Cash Contribution
  • More Untied Resources
  • Greater Use of Trust Fund Resources
    		•

     

    Seven New Funds


    Seven new trust funds, with pledged contributions totaling nearly US$112 million, were established in 2005. All but one are fully untied, with no requirements for the procurement of donor-country nationals.

    New Funds Established during 2005
    Fund Name
    Donor
    Contribution pledged
    (US$ M)
    Condition
    Knowledge Partnership Korea Fund for Technology and Innovation Korea
    50.00

    Fully UnTied
    Korea Poverty Reduction Fund Korea
    50.00

    Fully UnTied
    Norwegian Consulting Services Trust Fund Norway
    1.00

    Partially Tied
    Gender Mainstreaming Trust Fund * Norway
    2.90

    Fully UnTied
    Social Capital, Ethics and Development Fund * Norway
    0.25

    Fully UnTied
    Markets and Governance for Poverty Reduction Trust Fund The United Kingdom
    6.50

    Fully UnTied
    Trade and Poverty Trust Fund * The United Kingdom
    1.50

    Fully UnTied
    * Established with the aim of becoming a multi-donor instrument.

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    New Cash Contribution


    Contributions to new and existing trust funds totaled nearly US$50 million in 2005. The Republic of Korea made the largest contribution--- approximately US$28 million--for its two new trust funds and one existing fund. Japan and the Netherlands followed, with respective contributions of more than US$8.1 million and US$4.5 million.

    New Contributions during 2005
    Donor Country
    Amount (US$)
    Canada
    1,920,426
    Denmark
    629,129
    Finland
    456,173
    Italy
    2,061,690
    Japan
    8,150,729
    Korea
    28,112,690
    Netherlands
    4,521,824
    Norway
    1,927,830
    Portugal
    396,656
    Sweden
    1,526,285
    UK
    180,050
    US
    50,000
    Total
    49,933,481

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    More Untied Resources


    Progress has been made in freeing resources from requirements for the procurement of donor-country nationals. Three donors increased the untied portion of their trust funds during 2005.

    Funds that increased the untied portion during 2005
       
    Percentage of Untied Resources
    Fund Name Donor
    Country
    Past
    2005
    CANTAP-3,Canadian Technical Assistance Program Canada
    25
    50
    Danish Trust Fund for Consulting Services Denmark
    25
    50
    Swedish Trust Fund for Consulting Services Sweden
    25
    50

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    Greater Use of Trust Fund Resources


    The amount of trust fund resources allocated for technical cooperation projects increased 63%, rising from US$27 million in 2004 to US$44 million in 2005. Trust fund resources financed 58% of all IDB technical cooperation projects in 2005.

    Technical Cooperation Projects financed by Trust Fund,
    Approvals 2003-2005


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