What is the governance arrangement for the MDTF?
The working of the proposed MDTF shall be governed by: (a) Administration Agreements between the Bank and donors; and, (b) Grant Agreements between the Bank and grant recipients being KP, Balochistan and FATA. The Bank will administer the MDTF in accordance with its guidelines and procedures including the Bank’s fiduciary policies and framework regarding governance and anti-corruption. The oversight body for the MDTF activities is the Steering Committee (SC). Representatives from the donor community sit on the SC which is co-chaired by the Government of Pakistan and the World Bank. The SC would: • provide advisory guidance on program strategic goals, grant criteria and other high-level issues. • review and endorse the results matrix for the MDTF and the achievement of results envisaged for the MDTF. • provide advocacy support. • review and make recommendations regarding the overall allocation of fund resources across fund pillars.
