Korean Fund for Economic and Peace-building Transitions (KTF) - World Bank

Donor: 
Any donor
International Finance Institutions
Geographical focus: 
Global
Africa
East Asia and the Pacific
Thematic focus: 
Tourism in general
Employment, decent work and capacity building in Tourism
Human Rights in Tourism
Policy and Governance in Tourism
Intro text: 
The Korea Trust Fund for Economic and Peace-building Transitions (KTF) was established in 2009. The Korean Trust fund is managed by the State and Peace Building Secretariat.

Official website

www.worldbank.org/en/topic/fragilityconflictviolence/brief/korea-trust-fund

Geographic focus

The KTF funds programs in 17 countries, the majority of which are located in the East Asia and Pacific (EAP) region.

Who can apply?

Recipient government counterparts, UN agencies, other international organizations, international and national nongovernmental organizations.

Objectives and activities

Objective: The goal of the KTF is to address the needs of state and local governance and to help build peace in conflict-prone and conflict-affected situations.

Activities: Support measures to improve governance and institutional performance in fragile, conflict-prone, or conflict-affected countries. This objective focuses on strengthening, building and rebuilding state effectiveness through institutional strengthening and economic governance interventions. Support the reconstruction and development of fragile, conflict-prone, or conflict-affected countries.

KTF provides technical support to advance peace processes in Myanmar, Thailand and the Philippines, and has responded to recent emergencies and crises in Africa, including Central African Republic, Mali, and South Sudan. In addition, the KTF supports a series of global learning and knowledge exchange initiatives, which focus on economic transitions, job creation, displacement, and other pressing FCV related issues.

Type and level of funding

2015: The current total value of the KTF is US$24,2 million, including donor contributions and investment income. Financial assistance is provided in the form of grants. Projects are approved both by the SPF Governance Committee and the Korean authorities.