Ireland
The Ireland Trust Fund for Building Climate Change and Disaster Resilience in Small Island Developing States, established in April 2019, is the first single-donor trust fund financed by Ireland. The country committed €12 million ($13.5 million) to support small island developing states in responding to climate change and disaster resilience challenges.
At a Glance
Cumulative Trust Funds Contribution
$15.8 million
Ireland’s priorities for international development are outlined in its current development policy, “A Better World,” which was launched in February 2019. It focuses on reaching those furthest behind and contributing to the Sustainable Development Goals, particularly on prioritizing gender equality, reducing humanitarian need, climate action, and strengthening governance. In addition, Ireland aims to channel its energies to interventions focusing on protection, food, and people. Through its development agencies—Department of Finance, Department of Foreign Affairs and Trade, and the Irish Aid—Ireland prioritizes Timor-Leste, Viet Nam, and small island developing states.
As of December 2020, ADB’s Trade Finance Program (TFP) has supported 13 Irish export and import transactions (through Irish and non-Irish banks) to developing Asia valued at over $5 million. Exports and imports were to Bangladesh and Pakistan. Isolating TFP’s work with Irish banks, the TFP works with one bank operating in Ireland.
Active Trust Funds
1 January 2014–31 December 2020 Cofinanced Projects
| Country | Project | Cofinancing Amount ($ million) | Type of Cofinancinga |
|---|---|---|---|
| Regional | Pacific Disaster Resilience Program (Supplementary) | 1 | TA |
| Regional Support to Address the Outbreak of Coronavirus Disease 2019 and Potential Outbreaks of Other Communicable Diseases (Supplementary) | 0.3 | TA | |
| Strengthening Social Protection in the Pacific (Supplementary) | 1 | TA |
a TA = technical assistance cofinancing