Written by Commonwealth of Australia and the South Asia Region of the World Bank
10 April 2019

The Partnership for South Asia (PFSA) is an Umbrella Trust Fund set up by the Commonwealth of Australia and the South Asia Region (SAR) of the World Bank to contribute to sustainable development and poverty reduction in the South Asia Region. The Government of Australia’s Department of Foreign Affairs and Trade (DFAT) issued its new development policy for Australian Aid (in June 2014) that is aimed at: promoting prosperity, reducing poverty and enhancing stability, and generally, refocusing Australia’s aid delivery.

This new development policy emphasizes innovation by leveraging knowledge and finance through partnerships. In the same time period, the World Bank implemented its strategic reorganization to leverage the Bank’s knowledge and experience across regions while consolidating its sectoral expertise in Global Practices so as to help countries best deliver appropriate solutions in addressing development challenges.

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