In the context of the followup to the Aid for Trade Task Force
Report, a meeting was held with representatives of regional
development banks and the International Finance Corporation (IFC)
which run a global network of Trade Finance Facilitation Programmes.
TFFPs provide “global coverage” to SMEs and small banks from all
around the world, without regional exclusion; the leverage of such
programmes is very high on trade flows ($4 of trade “produced” for
$1 dollar of guarantee); TFFPs benefit small private sector players
which would not have a chance to trade without these programmes (WT/AFT/W/24)
A session devoted to Aid for Trade in the Committee on Trade and
Development on 2 April, 2007 garnered broad support for the
monitoring architecture and the tentative schedule for regional
reviews in Asia, Africa and Latin America. There were clear signs
that many donors are in the process of re-examining and reinforcing
their own Aid-for-trade strategies in light of the WTO process.
Recipients are increasingly focused on identifying Aid-for-Trade
priorities and learning about mechanisms to access available
financing. CTD minutes
The OECD presented and explained its global monitoring tool, the
OECD_DAC database, using the Creditor Reporting System, on which the
monitoring at the global level will be based.
> Monitoring and Evaluation
(joint database with OECD)