Donors extend trade assistance programme for poor countries
A multidonor programme that helps developing countries become more active in global trade – the Enhanced Integrated Framework (EIF) – will have its mandate extended into a new phase, the World Trade Organisation (WTO) has announced.
The EIF was currently assisting 50 of the poorest countries worldwide and the WTO, which hosted the framework’s executive secretariat, was one of six partner agencies of the programme, alongside the International Monetary Fund, the International Trade Centre, the United Nations Conference on Trade and Development, the United Nations Development Programme and the World Bank Group.
The decision to extend the mandate of the programme into a second phase from 2016 was made by the EIF steering committee, which represented least-developed countries (LDCs), the donor community and EIF partner agencies.
The first phase of the programme would end in December this year.
At a meeting on December 18, the committee further urged the EIF to build on the achievements of the first phase, while addressing the need for reforms in key areas to improve the efficiency, effectiveness and sustainability of the programme.
Addressing the committee at the December meeting, WTO director general Roberto Azevêdo described trade as an effective tool for economic growth and poverty reduction, given the right conditions.
“The EIF was established precisely to help LDCs create those conditions and the programme is making a difference on the ground through increased private sector development and employment in some of the poorest countries.
“There is no other programme that supports LDCs to address all aspects of their trade capacity in this way – and that puts the LDCs themselves in the driver's seat,” he commented.
Azevêdo noted that the programme, despite its successes, had encountered certain challenges, adding that there were still “varied levels of results” in different countries.
An evaluation of the initiative had highlighted that the objective of additional resource mobilisation at the country level had been especially challenging and had further identified governance- and efficiency-related issues that needed to be dealt with.
“For the programme to remain relevant, the evaluation proposed new issues for inclusion, such as regional integration, the role of the private sector and proper insertion into global value chains.
“We are all responsible for improving the EIF's effectiveness and making LDCs more active players in the multilateral trading system,” he asserted.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation