I have some good and some not so good news about aid. First, the good news. The aid landscape has seen three important changes during the last decade that have had a transformative, positive effect onthe very nature of aid.▶
Axel van Trotsenburg is Vice President for Concessional Finance and Global Partnerships, World Bank Group
As Vice President for Concessional Finance and Global Partnerships, Axel van Trotsenburg is responsible for policy and negotiations for replenishment of the International Development Association (IDA), the World Bank’s fund for the poorest. IDA is one of the largest sources of development aid, providing no-interest, long-term credits and grants to support health, education, infrastructure, agriculture, and economic and institutional development to 79 of the poorest countries.
In addition to IDA, Mr. van Trotsenburg oversees the World Bank’s trust fund portfolio and the trustee functions for a wide range of international initiatives such as the Global Environmental Facility, the Global Fund to Fight Aids, Tuberculosis and Malaria, and the Global Agriculture and Food Security Program, and innovative financing mechanisms, such as the International Finance Facility for Immunization (IFFIm) and the pilot Advance Market Commitment (AMC) for pneumococcal vaccines.