on Aid for
> Third Global Review of Aid for Trade
The picture is positive: Aid for Trade is bettering the lives of many men and women in developing countries. The case stories paint an encouraging picture of the wide variety of trade-related activities in a large number of developing countries that are being supported by a range of donors. Increasingly, Aid for Trade is being integrated in broader development strategies, with objectives focusing on competitiveness, economic growth and poverty reduction. Donors are harmonising their procedures and aligning their support around these strategies. Aid for Trade flows continue to grow and reached USD 40 billion in 2009 — an increase of 60% since 2005.
Developing countries and donors must continue their efforts to improve the effectiveness and the results of Aid for Trade. Although progress has been made in joint monitoring and evaluation, strengthening mutual accountability and managing aid to achieve trade results remain challenging. A joint, streamlined approach to measuring progress towards developing countries’ trade related targets will reinforce country ownership — a critical factor in ensuring that Aid for Trade enhances trade capacity and promotes economic growth and development.
Published in 2011
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