Establishing trust funds is one effective way for donors to channel finances and partner with local governments and other development institutions to deliver targeted assistance to the world’s poorest and most vulnerable.
But building a robust and stable trust fund can be an arduous and slow task for development professionals caught up in the tussle of bureaucracy.
At the World Bank, staffers are familiar with long clearance processes involving coffee with potential donors, writing and rewriting proposals to account for changes in country-level fees or policies, seeking approval from several World Bank departments and officials, and then struggling to recover the costs associated with a new fund.
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About the author
Jeff Tyson@jtyson21
Jeff is a former global development reporter for Devex. Based in Washington, D.C., he covers multilateral affairs, U.S. aid, and international development trends. He has worked with human rights organizations in both Senegal and the U.S., and prior to joining Devex worked as a production assistant at National Public Radio. He holds a master's degree in journalism from Columbia University and a bachelor’s degree in international relations and French from the University of Rochester.
