共同建设：与世界银行共同融资——2025年进展报告

C O - F I N A N C I N G W I T H T H E W O R L D B A N KP R O G R E SS R E P O R T 2025Public Disclosure Authorized O C TO B E R 2025 Building Together: Co-financing with the World Bank,Progress Report 2025was produced by the Trust Fund andPartner Relations (DFTPR) department in the DevelopmentFinance Vice Presidency of the World Bank. Akihiko Nishioprovided the overall vision and Maitreyi Bordia Dasprovided leadership and strategic direction for the report.The core team led by Angela Willamson included LeslieAshby, Ravikumar Podduturi, Rohail Salman, ChandrasekharSirigiri, and Sridharan Srinivasavaradhan. Juri Oka providedguidance to the core team along with Janet Minatelli. Valuable inputs were provided by Emily Adeleke, KristinaAquino, Sara Carnero, Paige Casaly, Bruce Courtney, SaschaDjumena, Beatriz Ferrero, Jimena Garrote, Michael Geiger,Claire Greer, Andrea Guedes, Victoria Gyllerup, SafinaHaruna, Mustafa Hussain, Ajit Joseph, Carolyn Laurenzano,Christina Ma, Sarah Michael, Nadeem Mohammad, ThibaultNottenghem, Victor Ordonez, Enrique Pantoja, PatriziaPoggi, Jem Porcaro, Eka Putra, Vishweshwaran Ramanathan,Fatimah Shah, Douglas Sumerfield, Krishna Thappa,Annabelle Vinois, Sophie Warlop and Nalaka Weragoda. External communication support was provided by MeriemGray, Jacqueline Kistler, and Srimathi Sridhar. Design andproduction support was provided by Takayo Fredericks. World Bank Group1818 H Street NW, Washington, D.C. 20433202 473 1000 www.worldbank.org Some rights reserved This work is a product of the staff of the World BankGroup. The boundaries, colors, denominations, and otherinformation shown on any map in this work do not implyjudgment on the part of the World Bank concerning the legalstatus of any territory or the endorsement or acceptanceof such boundaries. Nothing herein shall constitute orbe constrained to be a limitation upon or waiver of theprivileges and immunities of the World Bank, all of which arespecifically reserved. All queries about this publication should be addressed to:DFI_Cofinancing_Group@worldbankgroup.org Building Together C O - F I N A N C I N G W I T H T H E W O R L D B A N KP R O G R E SS R E P O R T 2025 Contents Foreword 4 1INTRODUCTION:Better coordination, more impact62APPROACH:How the World Bank does co-financing103TRENDS:World Bank co-financing portfolio over time164TODAY:Becoming a co-financing partner of choice22•Developing the Global Collaborative Co-Financing Platform24•Deepening and formalizing co-financing relationships26•Making cost sharing more attractive to co-financiers28•Bolstering support to World Bank project teams29 5LOOKING AHEAD 30 Annex 1: What is trust fund (“indirect”) co-financing?32 Endnotes 33 Figures Figure 1: A focus on increasing co-financing of World Bank projects is showing results8Figure 2: Partner co-financing commitment value by institution type, fiscal years 2021–2517Figure 3: Partner co-financing by institution type17(as a proportion of total commitment value), fiscal years 2021–25Figure 4: Largest co-financiers by number of co-financed projects, fiscal years 2021–2518Figure 5: Largest co-financiers by co-financing commitment amount, fiscal years 2021–2518Figure 6: Co-financing by sector, fiscal years 2021–25 (US$ billion)19Figure 7: Co-financing by region, fiscal years 2021–25 (US$ billion)19Figure 8: Map of co-financing commitments, fiscal years 2021–2521Figure 9: Timeline of recent co-financing milestones23 Boxes Box 1: Types of co-financing12Box 2: World Bank Framework Agreements with co-financiers26Box 3: World Bank approach to sharing administrative costs associated with co-financing28 Table Table 1: The Bank co-financing support team enables co-financing29 Acronyms and Abbreviations ADBAsian Development BankAFDAgence Française de DéveloppementAfDBAfrican Development BankAIIBAsian Infrastructure Investment BankBOADWest African Development BankBPSBudget, Planning & Strategy Vice PresidencyCFACo-financing Framework AgreementDFIDevelopment Finance Vice PresidencyDPFDevelopment Policy FinancingDPODevelopment Policy OperationEIBEuropean Investment BankFCDOUnited Kingdom’s Foreign, Commonwealth and Development OfficeFIFFinancial Intermediary FundFMRFFull Mutual Reliance FrameworkFYFiscal yearG20Group of TwentyIBRDInternational Bank for Reconstruction and DevelopmentIDAInternational Development AssociationIADBInter-American Development BankIPFInvestment Project FinancingIsDBIslamic Development BankKfWKreditanstalt für WiederaufbauMDBMultilateral development bankOPCSOperational Policy and Country Services Vice PresidencyPFAProcurement Framework AgreementREDARecipient Executed Disbursing AccountSIDASwedish International Development Cooperation AgencyUNUnited Nations Foreword In a time of unprecedented global challenges, our ability to mobilize resources and expertise alongsideour partners is more critical than ever. That is why I am so pleased to presentBuilding Together: Co-Financing with the World Bank – Pro