About
The Japan Policy and Human Resources Development (PHRD) fund is the World Bank¡¯s first programmatic trust fund, financed entirely by the Government of Japan to help boost the skills, know-how, and expertise of government institutions in developing countries so they can better address their key development challenges. The PHRD's goal is to provide developing countries with access to technical skills and global knowledge, allowing them to build human resources capacity to prepare programs and policies that promote economic growth and improve quality of life.
At the heart of the PHRD is the effective partnership between the Government of Japan and the World Bank Group (WBG), which has yielded a collaborative approach and a strategy that allows for adaptability and flexibility as development needs change. Since its inception to end of fiscal year 2024, the Government of Japan had contributed $5.3 billion to the PHRD fund in support of a portfolio of over 4,500 operations across more than 50 countries.
The PHRD maintains focus to address evolving development challenges in agriculture and rural access to energy supply, monitoring and evaluation for better development results, universal health coverage for all, and pandemic preparedness. The PHRD¡¯s outlook is consistent with the global Sustainable Development Goals and the WBG¡¯s mission of ending extreme poverty and boosting shared prosperity on a livable planet. Going forward, the PHRD aims to promote strong, sustainable, and inclusive economic growth through these priority programs.
In fiscal year 2024, PHRD's funding significantly contributed to the development agenda in the World Bank member-countries through technical assistance, cofinancing, and support to global and multilateral programs and partnerships.
PHRD Fiscal Year 2024 Active Portfolio: Total Grant Amounts and Disbursements by Program (US$)
