Fund contributions
The CREWS Initiative thanks its 12 Members for their generous support.
By the end of 2024, USD 137.87 million in pledges and contributions1 have been made into the CREWS Trust Fund since it was established in 2016. Of this amount, USD 127.90 million has been received by the Trustee and applied to the CREWS Trust Fund.
During 2024, CREWS signed a new contribution agreement with France for EUR 8 million and received in total USD 23.5 million from Austria, Canada, France, Monaco, Norway, Switzerland and the United Kingdom. In addition, the Trust Fund earned an investment income of USD 5.83 million on its liquid balances, including the investment income received from the Implementing Partners.
Contributions and pledges as of 31 December 2024 (in USD millions)
Programme funding
By 31 December 2024, the CREWS Steering Committee had approved USD 106.99 million in funding, of which 80.9% was directly funding programmes. Funds available to support CREWS Steering Committee funding decisions amount to USD 26.73 million.
Funding decisions by programmes 2 as of 31 December 2024 (in USD millions)
CREWS Trust Fund Summary
| Inception through December 31, 2024 in USD millions | Total | % of Total |
|---|---|---|
| Donor Pledges and Contributions | ||
| Contributions | 133.35 | 96.7% |
| Pledges | 4.52 | 3.3% |
| Total Pledges and Contributions | 137.87 | 100.0% |
| Cumulative Resources | ||
| Resources received | ||
| Cash Receipts | 127.90 | 89.0% |
| Investment Income earned a/ | 5.83 | 4.1% |
| Total Resources Received | 133.72 | 93.1% |
| Resources not yet received | ||
| Contributions not yet received | 5.45 | 3.8% |
| Pledges | 4.52 | 3.1% |
| Total resources not yet received | 9.97 | 6.9% |
| Total Potential Resources (A) | 143.69 | 100.0% |
| Cumulative Funding Decisions | ||
| Programmes | 86.51 | 80.9% |
| Fees | 10.47 | 9.8% |
| Administrative Budget | 10.01 | 9.4% |
| Total Funding Decisions Net of Cancellations (B) | 106.99 | 100.0% |
| Total Potential Resources Net of Funding Decisions (A) – (B) | 36.71 | |
| Funds Available | ||
| Funds Held in Trust with no restrictions | 28.89 | |
| Approved Amounts Pending Cash Transfers | 2.15 | |
| Total Funds Available to Support Steering Committee Decisions | 26.73 |
a/ Represents investment income earned on the liquid balances of the CREWS Trust Fund and investment income received from Implementing Partners
Note: sub-totals may not add up due to rounding
Sustainable investment
Since July 2019, the CREWS Trustee (World Bank) has been integrating Environmental, Social and Governance (ESG) factors into its investment processes as part of a Sustainable and Responsible Investment (SRI) approach to investment management. The CREWS investment portfolio is primarily comprised of short-term high-grade fixed-income securities (sovereign, supranational and agency securities and bank deposits). As of December 31, 2024, the portfolio has an ESG Quality Score of 6.71 3 (out of 10) and an ESG Rating of A. For more information, please see the full Trustee Report here: https://fiftrustee.worldbank.org/content/dam/fif/funds/crews/TrusteeReports/CREWS%20Trustee%20Report%20-%20December%2031%202024.pdf
- A pledge represents a contributor’s expression of intent to make a contribution. Pledges are formalized into Contributions by way of a Contribution Agreement/ Arrangement between the Contributor and the Trustee.
- Figures may differ from the Trustee due to different aggregation methods, timing of reports and the inclusion or exclusion of Implementing Partner fees. Regions cover regional, multi-year country programmes and Accelerated Support interventions.
- ESG Quality Score is based on MSCI ESG Ratings and measured on a scale of 0 to 10 (worst to best) following a rule-based methodology (see https://www.msci.com/esg-and-climate-methodologies).