Japan Policy and Human Resources Development Fund Annual Report 2003

By The World Bank

Book Id: WPLBN0000124598
Format Type: PDF eBook
File Size: 1.0 MB
Reproduction Date: 2005

Title:	Japan Policy and Human Resources Development Fund Annual Report 2003
Author:	The World Bank
Volume:
Language:	English
Subject:	Economics, Finance & business, World Bank.
Collections:	Economics Publications Collection
Historic Publication Date:
Publisher:	The World Bank


Citation APA MLA Chicago Bank, T. W. (n.d.). Japan Policy and Human Resources Development Fund Annual Report 2003. Retrieved from http://gutenberg.cc/

Description
Economics

Excerpt
The PHRD Fund was created in 1990 through a joint agreement between the World Bank and the Government of Japan. The Fund is based on a commitment to alleviate poverty, build the necessary foundation for sustainable development, and create a close development partnership. In FY03, PHRD continued to support a wide variety of activities mainly through: 1. Contributions to ongoing programs such as the World Bank Institute (WBI), the Poverty Reduction Strategy Trust Fund (PRSTF), the Information for Development Program (infoDev), and the Heavily Indebted Poor Countries (HIPC) Debt Initiative, and -- 2. Contributions to programs funded solely by Japan such as the Technical Assistance (TA) Program, the Joint Japan/World Bank Graduate Scholarship Program (JJ/WBGSP), the Staff Grants Program, and the Consultant Trust Fund (CTF). Contributions1 by Japan in FY03 to these programs amounted to $115.6 million2 (Figure 1). In addition, the PHRD Fund has made special allocations3 to global and regional programs including Cities Alliance, Public- Private Infrastructure Advisory Facility (PPIAF), the Critical Eco-systems Partnership Fund, and the Consultative Group to Assist the Poorest (CGAP). FY03 has been a year of innovation for the PHRD Program. In FY03, Japan and the Bank agreed to explore changes in the criteria for PHRD project implementation grants and began discussions on the establishment of a new ?co-financing program? under PHRD. It was agreed that the implementation program would focus on capacity building for agencies that were having difficulties managing ongoing IDA-funded projects. The availability of grants for Project Co-financing for Institutional Capacity Building would help cofinance capacity building included in the Project Appraisal Document, with the grant funding the technical assistance and training costs of a component. These grants would be available to IDA/IDA-Blend countries for which borrowing for technical assistance work may be unaffordable, and where the technical assistance would facilitate the implementation of project activities and policy reforms.