The Enhanced Integrated Framework aims at enabling least developed countries (LDC)
to build their capacity to participate and benefit from international trade
opportunities. The global partnership between LDCs, donor countries and
international agencies assists LDCs in mainstreaming trade into their
development strategies, coordinating the delivery of trade-related assistance
and developing supply capacity. The EIF, that has been jointly developed by the
partnership to replace the existing Integrated Framework, aims at focusing on
the LDCs capacity to manage the programme for maximum sustainable benefits and
providing the beneficiaries with increased, additional and predictable
resources.
“I welcome Finland's valuable and timely donation to the EIF. These
contributions will allow Least Developed Countries to expand their markets,
integrate in the global economy and take better advantage of the multilateral
trading system.” declared the WTO Director General Pascal Lamy
Finland's Ambassador in Geneva, Mr Hannu Himanen stated “While LDCs benefit from
several preferential trade arrangements such as the EU's Everything But Arms
initiative, they often lack the capacity and competitiveness to utilize those
opportunities. That is why the EIF plays a vital role in strengthening the
capacity of LDCs to better integrate into the global economy and to harness the
opportunities of international trade to reduce poverty”. Ambassador Himanen
added that the amount now donated was Finland's biggest annual contribution to
the Integrated Framework so far, and should be seen as a sign of the country's
commitment to support the global aid-for-trade initiative. In its Aid for Trade
Action Plan for 2008-2011, Finland declares that it seeks to reduce poverty,
particularly in LDCs, by increasing Aid for Trade and enhancing its
effectiveness in the context of environmentally and socially sustainable
development.
The Executive Director of the EIF, Ms Dorothy Tembo declared “A lot of hard work
has been put into the enhancement of the IF by all the partners over the past
two, three years and there is currently a compelling momentum to start
delivering. A clear prerequisite for the implementation to start as soon as
possible is that all the pledges to the EIF Trust Fund are fully met. The start
of the operations and transfers of pledged funds should run in parallel with
conclusion of some of the outstanding enhancement work aimed at making the
programme as efficient and responsive to the needs of the LDCs as possible”.
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