The World Bank is the Trustee of the FCPF's Readiness Fund and Carbon Fund, and provides secretariat services through a Facility Management Team. The Facility Management Team administers the Funds and makes proposals to the FCPF Participants Committee, and provides country advisory services and REDD+ methodology support.

In addition, the Facility Management Team works with other units of the World Bank to assist REDD+ Countries in preparing and implementing their Readiness Preparation Proposals (R-PPs) at their request, and ensure that FCPF operations comply with applicable World Bank Group policies, including in the areas of safeguards, procurement and financial management.