世界银行-共同建设：与世界银行共同融资——2025年进展报告（英）

OCTOBER 2025Building TogetherCO-FINANCING WITH THE WORLD BANKPROGRESS REPORT 2025Public Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedBBuilding Together: Co-financing with the World Bank, Progress Report 2025 was produced by the Trust Fund and Partner Relations (DFTPR) department in the Development Finance Vice Presidency of the World Bank. Akihiko Nishio provided the overall vision and Maitreyi Bordia Das provided leadership and strategic direction for the report. The core team led by Angela Willamson included Leslie Ashby, Ravikumar Podduturi, Rohail Salman, Chandrasekhar Sirigiri, and Sridharan Srinivasavaradhan. Juri Oka provided guidance to the core team along with Janet Minatelli. Valuable inputs were provided by Emily Adeleke, Kristina Aquino, Sara Carnero, Paige Casaly, Bruce Courtney, Sascha Djumena, Beatriz Ferrero, Jimena Garrote, Michael Geiger, Claire Greer, Andrea Guedes, Victoria Gyllerup, Safina Haruna, Mustafa Hussain, Ajit Joseph, Carolyn Laurenzano, Christina Ma, Sarah Michael, Nadeem Mohammad, Thibault Nottenghem, Victor Ordonez, Enrique Pantoja, Patrizia Poggi, Jem Porcaro, Eka Putra, Vishweshwaran Ramanathan, Fatimah Shah, Douglas Sumerfield, Krishna Thappa, Annabelle Vinois, Sophie Warlop and Nalaka Weragoda.External communication support was provided by Meriem Gray, Jacqueline Kistler, and Srimathi Sridhar. Design and production support was provided by Takayo Fredericks.World Bank Group 1818 H Street NW, Washington, D.C. 20433 202 473 1000 www.worldbank.org Some rights reserved This work is a product of the staff of the World Bank Group. The boundaries, colors, denominations, and other information shown on any map in this work do not imply judgment on the part of the World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be constrained to be a limitation upon or waiver of the privileges and immunities of the World Bank, all of which are specifically reserved. All queries about this publication should be addressed to: DFI_Cofinancing_Group@worldbankgroup.orgBuilding TogetherCO-FINANCING WITH THE WORLD BANKPROGRESS REPORT 2025OCTOBER 20252ContentsForeword 41 INTRODUCTION: Better coordination, more impact 62 APPROACH: How the World Bank does co-financing 103 TRENDS: World Bank co-financing portfolio over time 164 TODAY: Becoming a co-financing partner of choice 22 • Developing the Global Collaborative Co-Financing Platform 24 • Deepening and formalizing co-financing relationships 26 • Making cost sharing more attractive to co-financiers 28 • Bolstering support to World Bank project teams 295 LOOKING AHEAD 30Annex 1: What is trust fund (“indirect”) co-financing? 32Endnotes 33FiguresFigure 1: A focus on increasing co-financing of World Bank projects is showing results 8Figure 2: Partner co-financing commitment value by institution type, fiscal years 2021–25 17Figure 3: P