Fund contributions
The CREWS Initiative thanks its 12 Contributing Members for their generous support.
By the end of 2025, US$ 142.4 million in pledges and contributions1 have been made into the CREWS Trust Fund since it was established in 2016. Of this amount, US$ 141.2 million has been received by the Trustee and applied to the CREWS Trust Fund (see Figure 5).
During 2025, the Trustee received in total US$ 13.3 million from Canada, Luxembourg, Monaco, Norway and Switzerland. In addition, the Trust Fund earned an investment income of US$ 7.3 million on its liquid balances, including the investment income received from the Implementing Partners.
Project funding
By 31 December 2025, the CREWS Steering Committee had approved US$ 128.6 million in funding (net of cancellations), of which 80.8% was directly funding CREWS interventions through multi-year projects (country, regional and multi-country) and Accelerated Support Window actions (see Figure 5).3 At the end of 2025, the funds available to support CREWS Steering Committee funding decisions amount to US$ 19.9 million (see Table 1).
Figure 5. Contributions into the CREWS fund and funding decisions to projects2 as of 31 December 2025 (in US$ millions)
Source: World Bank, CREWS Trustee
Table 1. CREWS Trust Fund Summary
| Inception through 31 December 2025 in US$ millions | Totala | % of Total |
| Donor Pledges and Contributions | ||
| Contributions | 142.4 | 100.0% |
| Pledges | – | 0.0% |
| Total Pledges and Contributions | 142.4 | 100.0% |
| Cumulative Resources | ||
| Resources received | ||
| Cash Receipts | 141.2 | 94.3% |
| Investment Income earnedb | 7.3 | 4.9% |
| Total Resources Received | 148.4 | 99.2% |
| Resources not yet received | ||
| Contributions not yet received | 1.2 | 0.8% |
| Pledges | – | 0.0% |
| Total resources not yet received | 1.2 | 0.8% |
| Total Potential Resources (A) | 149.7 | 100.0% |
| Cumulative Funding Decisions | ||
| Projects | 104.0 | 80.8% |
| Fees | 12.7 | 9.9% |
| Administrative Budget | 11.9 | 9.3% |
| Total Funding Decisions Net of Cancellations (B) | 128.6 | 100.0% |
| Total Potential Resources Net of Funding Decisions (A)–(B) | 21.1 | |
| Funds Available | ||
| Funds Held in Trust with no restrictions | 22.3 | |
| Approved Amounts Pending Cash Transfers | 2.5 | |
| Total Funds Available to Support Steering Committee Decisions | 19.9 |
a Sub-totals may not add up due to rounding
b Represents investment income earned on the liquid balances of the CREWS Trust Fund and investment income received from implementing partners
Source: World Bank, CREWS Trustee
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 approach to investment management. The CREWS investment portfolio primarily comprises short-term high-grade fixed-income securities (sovereign, supranational and agency securities, and bank deposits). As of 31 December 2025, the portfolio has an ESG Quality Score of 6.8 (out of 10)4 and an ESG Rating of A. For more information, please see the full Trustee Report.
- A pledge represents a contributor’s expression of intent to contribute. Pledges are formalized into contributions by way of a Contribution Agreement/Arrangement between the Contributing Member and the Trustee.
- Figures may differ from those provided in Trustee Reports resulting from the use of different aggregation methods, the timing of the report and/or the inclusion/exclusion of implementing partner fees. Regions include multi-year country and regional projects alongside Accelerated Support actions with multi-country projects shown separately.
- The Steering Committee had approved US$ 12.68 million for implementation partner fees and US$ 11.94 million for administrative budgets to support the activities of the CREWS Secretariat and Trustee.
- 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).