Results of NTF-PSI activities

The overall objective of the Norwegian Trust Fund for Private Sector and Infrastructure (NTF-PSI) is to act as a catalyst for, and consolidate Norwegian Contribution funds towards, private sector development and infrastructure within the World Bank Group's (WBG) operations, both at headquarters and in the field. As of December 31, 2010, the NTF-PSI portfolio consisted of 18 activities and programs. Overall, the NTF-PSI activities are progressing very well.

The impact of the NTF-PSI can be summarised as follows:

  • The NTF-PSI has provided WBG staff with funding opportunities for innovative activities at an early stage when other funding was difficult to secure. The flexible funding structure of the fund allows the fund to evolve thematically and to promote cross cutting work, which has resulted in a portfolio that is currently heavily focused on climate change.

  • NTF-PSI activities in the portfolio continue to provide client countries with technical assistance aimed at helping them make better informed choices, enhance capacity and adopt cutting edge solutions. This is applicable in particular to climate change mitigation and adaptation, as well as to improvement of the investment climate and private sector development. For example, the first part of funding to the Conflict Affected States in Africa (CASA) addressed investment barriers in Sierra Leone. NTF-PSI funds were used for supporting the government in improving the business, enabling environment by simplifying the tax policy, reducing compliance costs, widening the tax net, facilitating formalization and job creation, and reducing avenues for corruption. This has impacted the time to pay taxes (reduction by 10% since inception), informality (reduction of 20%) and tax collections (increased to 12% of GDP by FY11).

  • The NTF-PSI has contributed to improvements of the investment climate by strengthening of capacity and institutions of national and local governments, supporting development of small and medium enterprises, reducing barriers to investments and ensuring access to finance. For instance, one program funded by NTF-PSI assists client countries in improving their supply chains for businesses to survive and thrive in global markets. Through this program, NTF-PSI has influenced reforms and impacted countries’ import and export procedures and thereby improved these countries’ access to world markets.

  • Increased capacity and empowering of client entities are significant components of activities in the NTF-PSI portfolio. For example, in the Philippines, one funded activity implemented a series of information and education campaigns and capacity building events on community levels to identify the appropriate adaptation measures to climate change. This led local teams to craft their own climate adaptation strategies to address specific vulnerabilities in their area. Local governments followed up by expanding their policies to institutionalise their adaptation strategy and its implementation in development plans.

  • The NTF-PSI has increased capacity and knowledge internally at the WBG. The fund has also improved collaboration between various units in the WBG, and between the World Bank and the International Finance Corporation (IFC).
  • The Norwegian Trust Fund for Private Sector and Infrastructure

    The Norwegian Trust Fund for Private Sector and Infrastructure (NTF-PSI) provides grant resources for World Bank Group activities aimed at mainstreaming the investment climate and providing technical assistance in areas related to governance and infrastructure services for the poor.

  • What is The Norwegian Trust Fund for Private Sector and Infrastructure

    The Norwegian Trust Fund for Private Sector and Infrastructure (NTF-PSI) provides grant resources for World Bank Group (WBG) activities aimed at improving the investment climate and providing technical assistance in areas related to governance and infrastructure services for the poor.

  • How the work is organised

    The Norwegian Trust Fund for Private Sector and Infrastructure (NTF-PSI) is managed jointly by the World Bank (WB) and the International Finance Corporation (IFC), collectively termed the World Bank Group (WBG). The NTF-PSI Secretariat is organised under the Sustainable Energy Department and is responsible for the day to day management and administration of the trust fund.

  • Results of NTF-PSI activities

    The overall objective of the Norwegian Trust Fund for Private Sector and Infrastructure (NTF-PSI) is to act as a catalyst for, and consolidate Norwegian Contribution funds towards, private sector development and infrastructure within the World Bank Group's (WBG) operations, both at headquarters and in the field. As of December 31, 2010, the NTF-PSI portfolio consisted of 18 activities and programs. Overall, the NTF-PSI activities are progressing very well.