The setting aside of funds, without a commitment, for specific activities/ projects in accordance with the decision-making process specified in the governance documents for the respective financial intermediary fund.
Cancellation of Commitment
The reduction of a financial liability as a result of an action taken by a supervising entity of a Financial Intermediary Fund.
Any portion of a Contribution made in the form of cash, including Encashments.
Cash and Investments
The Trust Fund's share in the co-mingled cash and investment pool.
Cash payment made to a Supervising Entity or Recipient under a Transfer Agreement or a Financial Procedures Agreement and in both cases based on a Commitment by the Trustee.
A financial liability created as a result of the approval of funding by a governing body of a Financial Intermediary Fund or a legal secretariat or governing body of a Financial Intermediary Fund, based on its decision-making processes.
The amount of Trust Fund Assets available for future Commitments.
A Contribution, or Installment, subject to conditions being met, as specified in Contribution Agreements/Arrangements.
The funds provided and to be provided by a Contributor to a Financial Intermediary Fund, as specified in Contribution Agreements/Arrangements, or in an Instrument of Commitment.
A legally binding document between a Contributor and the World Bank, acting in its capacity as Trustee for a Financial Intermediary Fund, that specifies the currency, amount, and payment dates of a contribution and the terms and conditions for administering the Contributions.
Contribution or Installment provided in the form of cash, Promissory Note, or other instrument acceptable to the Trustee.
Contribution Past Due
Contribution amount or Installment thereof that has not been received by the agreed due dates as specified in Contribution Agreements/Arrangements.
Any portion of a Contribution that is not a Qualified Contribution to be received in the form of Cash or Promissory Note or any other instrument acceptable by the Trustee.
Contribution or Installment, which is yet to be paid. It includes Contribution amounts that have not yet become due and amounts that are past due.
Any entity, which may include a World Bank Group entity, making a Contribution to a Financial Intermediary Fund.
Any request for payment of installment of the Contribution, submitted to a Contributor by the Trustee, substantially in the form attached in a Contribution Agreement/Arrangement.
The drawdown of cash under a Promissory Note or any other instrument acceptable to the Trustee.
Financial Intermediary Fund (FIF)
Funds that involve financial engineering or complex financial schemes, or where the Bank provides a specified set of administrative, financial, or operational services.
Financial Procedures Agreement
An agreement between a World Bank entity, as Trustee of a FIF, and a Supervising Entity, setting out the financial procedures pursuant to which the Trustee makes commitments and transfers of funds to the Supervising Entity under terms that do not involve Bank responsibility post-transfer.
A decision taken by an authorizing body to provide funding for specific purposes.
Assets available to support funding decisions, as calculated under a specific basis of commitment.
Funds Held in Trust
Cash and Investments plus Promissory Notes, or any other instrument, received but not encashed.
Grant Contribution means a grant contribution provided to the Trust Fund by any Contributor.
Holding Currency is the currency specified in the Contribution Agreement / Arrangement, or in governance documents, in which the funds are held.
Any entity receiving funds from a Financial Intermediary Fund, which is responsible for execution of activities by using those funds as approved by the governing body of the Financial Intermediary Fund.
A portion of a Contribution paid or to be paid as planned in the payments schedule for the Contribution.
Instrument of Commitment (IOC)
An instrument provided by a Contributor unconditionally committing to provide funds to the IBRD, as Trustee for the Global Environment Facility, under a Replenishment Resolution.
Returns (realized and unrealized) on cash and investments, allocated to individual Financial Intermediary Funds, which is the aggregate amount of (i) any investment income earned from the investment of Trust Fund funds (ii) any investment income earned on Trust Fund funds transferred to MDBs, to the extent that such income has been returned to the Trustee by the MDBs.
Loan Contribution Agreement/Arrangement
An agreement or arrangement between a World Bank entity, as Trustee, and an outside party making a contribution to a Financial Intermediary Fund in the form of a loan, which is repayable to the lender.
Loan Contribution means the repayable Contribution to be provided by the Lender under a Contribution Agreement/Arrangement.
Balance of Commitment(s) pending Transfer.
A Donor's expression of interest to make a Contribution.
A document consisting of a promise to pay that is non-interest bearing and payable on demand.
Promissory Note Receivable
The balance of a Promissory Note not yet received in cash.
A Contribution, or Installment, subject to final approval by the relevant authorities of the Donor, as specified in the Contribution Agreement/ Arrangement or Qualified Instrument of Commitment.
Qualified Instrument of Commitment (IOC)
An instrument provided by a Contributor committing to provide funds to a World Bank entity, as Trustee of a Financial Intermediary Fund, under a Replenishment Resolution, where the commitment is subject to enactment by the Contributor's legislature.
Any entity that is to receive funds from a Financial Intermediary Fund.
Reflow means any payments of principal, interest, fees or any other reflow of funds from loans or other financial products other than grants, which are due to be returned to a Financial Intermediary Fund pursuant to relevant governance documents.
A formal periodic process for resource mobilization, established for certain funds, by which Contributors pledge to make Contributions.
A resolution adopted by the Executive Directors of a World Bank entity authorizing such entity to accept Contributions or other resources to a Trust Fund for the Global Environment Facility from the Contributors, or others providing resources, named in the resolution.
Sub Account (or Program)
An account under the Trust Fund for a Financial Intermediary Fund established to designate contributions and record commitments for certain activities/ programs as specified in the Contribution Agreement/ Arrangements.
Any entity receiving funds from a Financial Intermediary Fund that is responsible for the use of those funds.
An agreement or arrangement between a World Bank entity, as Trustee, and Supervising Entity for the commitment and transfer of funds by the Trustee to the Supervising Entity under terms that do not involve Bank responsibility post-transfer.
The World Bank Group entity given legal obligation to administer funds in accordance with agreed terms.
A financing arrangement set up to accept Contributions from one or more Contributors to be held and transferred by a World Bank Group entity as Trustee in accordance with agreed terms.
Trust Fund Assets
Funds Held in Trust plus Contributions Receivable.
The amount of Trust Fund Assets available for future Commitments.