Multi-Donor Trust Fund
The Multi-Country Demobilization and Reintegration Program (MDRP) is financed through two separate but complementary windows: World Bank/IDA funds of up to US$150 million and a Multi-Donor Trust Fund (MDTF) of US$350 million. Parallel partner support of individual D&R activities within the MDRP framework is also likely. Whereas World Bank funds only finance national programs, the MDTF finances:
The costs of coordinating the MDRP and administering the MDTF are estimated at 2.1 percent of MDRP program costs and 3.0 percent of the MDTF. All interest and investment income earned on contributions to the MDTF are added to the principal balance. An annual audit of the World Bank's overall management of trust funds is carried out by the World Bank's external auditors at the expense of the World Bank. Independent management reviews specifically of the MDTF will be undertaken at midterm and at program end.
Grant agreements are prepared between the World Bank as MDTF administrator and the recipients. These agreements outline the activities, cost categories and level of expenses to be financed, and the standard procurement and financial management procedures to be used for project implementation. The MDTF grants with recipient countries apply the same financial management and procurement guidelines and procedures as the parallel World Bank loans/credits. In the case of special projects, standard World Bank procedures, similar to those of UN agencies, apply with specific thresholds and prior review ceilings adapted to the special nature of the recipient and the emergency nature of D&R operations.
For any questions regarding MDRP activities please email: [email protected]
Photo Credits: First picture on left Guy Tillim. Others by UN/DPI