How will the World Bank ensure transparency and efficiency in disbursing funding from the MDTF?
Economies of scale will be achieved by pooling resources into one fund. This will also reduce transaction costs for the Government of Pakistan by reducing the number of development partners that it needs to coordinate with. Such multi-donor trust funds have proven to be flexible because they can strategically fill sectoral and geographic gaps. All MDTF money will flow through the World Bank, acting as administrator. The Bank will apply its financial management, procurement, environmental/social safeguards, information disclosure, and other procedures to ensure the proper use of funds. . An up-front capacity assessment of each recipient organization is conducted, and submissions of regular interim financial reports as well as annual audited financial reports are required, as per the Bank’s grant agreement and disbursement process. Emergency procedures as defined in Operational Policy (OP) 8.0 will be applied in preparing MDTF operations resulting in a reduction in the time needed for pr
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