Vertical funds

Vertical funds are global programs for allocating official development assistance that focus specifically on an issue or theme. 

According to the World Bank’s definition, they are “partnerships and related initiatives whose benefits are intended to cut across more than one region of the world and in which the partners: 

(a) reach explicit agreement on objectives; 

(b) agree to establish a new (formal or informal) organization; 

(c) generate new products or services; and 

(d) contribute dedicated resources to the program.”