The World Bank serves as the Trustee for the Transition Fund. The Trustee administers the Trust Fund for purposes of receiving funds from donors and holds those funds in trust. It signs Contribution Agreements with each donor specifying the terms and conditions related to their Contributions and how the Trustee will administer the funds. It signs Financial Procedures Agreements (“FPAs”) with each ISA, which serves as a framework agreement for all fund transfers by the Trustee from the Trust Fund to the ISA. Subject to the availability of funds, the Trustee will make commitments and transfer funds from the Trust Fund based on funding decisions of the Steering Committee and under the terms of these legal agreements. The Trustee operates as part of the World Bank under World Bank management and applicable policies and procedures and is also accountable to the Steering Committee for the performance of its functions.