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The KWPF is a trust fund administered by the World Bank and funded by Korea¡¯s Ministry of Economy and Finance. It supports countries in leveraging Korea¡¯s development expertise for inclusive and sustainable development. The Facility has three pillars:

The Facility is managed with a strong emphasis on results, and seeks to support World Bank projects that are designed to maximize development impact. In doing so, the Facility emphasizes strong alignment with the World Bank¡¯s lending operations and strategic policy dialogue, as well as on sharing Korea¡¯s development experiences with developing countries. The program also has a focus on involving Korean institutional partners in sharing Korea¡¯s development experience with developing countries.

KWPF Building Blocks for Innovation and Impact

The KWPF Program Management Team is housed within the Trust Funds and Partner Relations unit of the Development Finance Vice Presidency (DFi) at the World Bank. The KWPF Team organizes Annual Consultations with MoEF to discuss the objectives, design and operation of the program, agree upon the thematic and regional priorities for each of the calls for proposals, and review the implementation progress of the program.

Last Updated: Mar 14, 2025