Development of New Guidelines for Accelerated Processing of Small Trust Fund Grants (2011)
websitebuilder-hub • Mar 23, 2018
The World bank asked OpenCities to develop a procedure for managing small grants. The objective of aligning Bank processes that are designed for very large investment projects with the needs of very small grants had challenged the Bank for a number of years with at least one attempt made to solve the problem previously.
Many of these grants are made to civil society organisations across the world with very little capacity to meet the Bank’s usual demands for information and due diligence. Managing these trust funds is an important aspect of the Bank's work and it was important to the Bank that its due diligence processes were fit for purpose.
The end product was a new set of official Bank guidance representing an entirely fresh approach to small grants in the Bank including standardized templates, streamlined procedures, shorter clearance times etc. The Bank now has a more streamlined yet still safe method of preparing and supervising grants.
CPFs help to ensure that the World Bank's country driven model is systematic, evidence-based, selective, and focused on ending extreme poverty and increasing shared prosperity in a sustainable manner. CPFs lay out the main country development goals that WBG aims to help the country achieve, and propose a selective program of indicative WBG interventions for this purpose. More specific CPF objectives are derived from these country development goals. These are then used to monitor the program during the CPF cycle and evaluate it at the end. Performance and Learning Reviews (PLRs) are prepared mid-way through the CPF cycle. PLRs identify and capture lessons, and determine midcourse corrections in the CPF objectives and program of interventions.
The goal of GRP is to help communities in the Sahel, Horn of Africa, South Asia and South East Asia to better adapt to climatic shocks and thrive in a more resilient future. GRP brokers partnerships and investment opportunities between private, public and not-for-profit bodies around the globe and local communities in vulnerable communities.