## D4D Fund: Update on Fundraising Situation — January 15, 2026

## Source details

**Canonical URL:** [D4D Fund: Update on Fundraising Situation — January 15, 2026](https://www.imf.org/-/media/files/capacity-developement/d4d/january-2026/d4d-fund-financials-january-2026.pdf)

## Other formats

- [Markdown version](/-/media/files/capacity-developement/d4d/january-2026/d4d-fund-financials-january-2026.pdf.md)
- [Structured JSON version](/-/media/files/capacity-developement/d4d/january-2026/d4d-fund-financials-january-2026.pdf.json)

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### Phase II (FY2026-30) Partner Contributions
- Partner contributions listed in million of US Dollars:
  - China: 1.0
  - Japan: 1.4
  - Korea: 2.0
  - Korea: 2.0
  - Luxembourg: 1.6
  - Netherlands: 1.2
  - Norad's Department for Climate, Nature, and the Private Sector: 5.8
  - Saudi Arabia: 2.9
  - Switzerland: 2.3
- Total Phase II contributions: 20.2

### Cash Flow Projections and Liquidity
- Liquidity statement:
  - "We have 19.5 months of liquidity in terms of cash-in-hand and expected contributions from signed agreements"
- Ongoing fundraising outlook:
  - "Our ongoing engagements with multiple prospective partners are expected to facilitate a more secure and favorable funding environment."
- Projection note:
  - "Data as of Dec 31, 2025. Expenses for FY 2026 include seven months of actuals through November 2025 and five months of projections through April 2026."

### Phase I Residual Balance (in million USD)
- Balance: 0.54
- Rollover to Phase II: 0.22
- Refund to partners: 0.17
- Transferred to other: 0.10
- Pending partners decisions: 0.05

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_Source: https://www.imf.org/-/media/files/capacity-developement/d4d/january-2026/d4d-fund-financials-january-2026.pdf_