The following addition to the IATI Organisation identifier list has been proposed for the World Bank Trust Funds.
Name: World Bank Trust Funds (WBTF)
Description: A trust fund (TF) is a financing arrangement established with contributions from one or more external development partner(s)/partners, and in some cases, from the World Bank Group, to support development-related activities. The World Bank acts as a trustee/administrator for development partners (donors) funds and implements the activities financed through trust funds in accordance with the signed agreements with donors. As part of fiduciary obligations, the World Bank as Trustee/administrator of trust funds maintains the records for trust funds activities distinct and separate from the activities of IBRD and IDA. The Bank also provides periodic report on the financial situation and results of the individual trust funds to donors.
The IATI tech team has been working closely with the WBTF in preparing their data for publication. The unique nature of financing by the World Bank Trust Funds have specific reporting attributes that may not necessarily be the same as for IBRD/IDA projects. Larger Trust Funds in the portfolio often have specific external reviews, which needs to be managed closer with the requestors of the review. There are also different systems used by WBTF and WB.
There is no registration agency or separate identifier for such entities as the WBTF and therefore the XI-IATI route has been taken. Creating a separate XI-IATI identifier for the World Bank Trust Funds (World Bank TF) will allows publishing the trust fund data in IATI separate from the World Bank.
If no objection is received this XI-IATI code will be approved and added in a week.