The Korea Green Growth Trust Fund, a partnership between the World Bank and the Republic of Korea, is crucial to the World Bank’s vision of creating "a World Free of Poverty on a Livable Planet.
The 2024 Trust Funds Annual Report vividly illustrates how these financial instruments expand the dimensions of global development by bringing partners together to address the challenges of our time—from public health to energy access and food security.
- Trust funds and financial intermediary funds (FIFs) are important platforms for collaboration, enabling solutions to global issues, driving innovation, and delivering critical support in countries facing fragility, conflict, and violence (FCV).
- The launch of the 2024 Trust Fund Annual Report highlights the integral role of these instruments within the broader aid architecture.
- These financial instruments demonstrate how their flexibility, and innovation, embodies partnership to address longstanding development challenges and answer the urgent call for collective action on compounding global crises.
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