IEG is deeply involved in the evaluation and review of this important and growing line of business for the Bank. Global programs, like the Prototype Carbon Fund, the Stop TB Partnership, and the Cities Alliance, and regional programs like the African Programme for Onchocerciasis Control and the Child Protection Initiative are programmatic partnerships in which:
- The partners contribute and pool resources (financial, technical, staff, and reputational) toward achieving agreed-upon objectives over time.
- The activities of the program are global, regional, or multi-country (not single-country) in scope.
- The partners establish a new organization with a governance structure and management unit to deliver these activities.
The Bank is currently involved in about 125 global programs and 50 regional programs, which together spent around US$3.5 billion in 2006. And the Bank has become by far the largest trustee for global and regional trust funds, holding a stock of more than US$6 billion of such funds at the end of June 2006.
Nice discussion going on here.
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