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The World Bank Group Finance and Accounting (WFA) Vice Presidency Unit, is responsible for all aspects of financial accounting, reporting and the internal control framework for the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) and the extensive Trust Fund/Partnership portfolio of those entities.
The VPU is also responsible for expressing a Finance viewpoint on controls over Bank Group operations.

WFA comprises the following functions: Financial Instruments Accounting and Valuation; Loan Operations; Accounting Business Services; Financial Analysis and Reporting; Accounting Policy; Documentation and Communication; Advisory Services; and Operational Risks and Controls.

These units collectively include approximately 500 staff, of which approximately 170 are in Washington, D.C., with the remainder in regional offices including the largest in Chennai, India.
Unit Overview

The WBG Trust Fund and Loan Operations Department (WFATL) in WFA provides a number of financial operation activities, notably financial services, compliance, disbursements, accounting, reporting, and analytics for IBRD/IDA loans and Trust Funds.

WFAAS, a division within WFATL is focused on supporting both the WBG's Trust Funds and Loans portfolios, for example, providing advice on the design and implementation of new trust funds or loans, policies, or processes, as well as many activities associated with the implementation and closure of loans or trust funds, including account creation and maintenance, disbursement transactions, trust funds and loans accounting and reporting and helpdesk functions.

WFAAS division operates out of three locations – DC, Chennai and Manila.

The team in Chennai (WFALF), comprise three sub-teams viz., (i)Trust funds accounting clearance and Fiduciary & Controls team (ii) Trust Funds accounting and reporting, and (iii) Loan accounting and reporting.
Together, the Division provides end-to-end support for IBRD/IDA Loans and