World Bank’s Financial Intermediary Funds
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Financial Intermediary Funds (FIFs) are a type of trust fund that provide large-scale funding for broad, coordinated interventions that are typically focused on specific themes (see section 5) and aimed at achieving Global Public Goods (GPGs). FIFs provide the global development community with multilateral platforms that are independently governed (see section 3) and support multiple implementing entities. FIFs add unique value and strength to the development finance toolkit – especially when there is a global call for collective action for a GPG requiring large-scale additional pooled funds; closely coordinated decision-making; joint implementation at scale across a significant number of multilateral organisations, when no existing instrument can fulfil these functions (World Bank, 2019a).
CitationMegersa, K. (2022). World Bank’s Financial Intermediary Funds. K4D Helpdesk Report 1188. Brighton, UK: Institute of Development Studies. DOI: 10.19088/K4D.2022.156
Is part of seriesK4D Helpdesk Report;1188
Rights holder© Crown copyright 2022
SponsorForeign, Commonwealth and Development Office (FCDO)
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