AID FOR TRADE: MOBILIZING AID FOR TRADE
Third Global Review of Aid for Trade — Key players show results on the ground
Trade-related capacity building requires efficient coordination among development agencies and governments, in order to help developing countries and least-developed countries play a bigger role in the multilateral trading system. This co-operation is essential to mobilize resources, as well as to implement and monitor technical and financial assistance. The Aid for Trade initiative therefore brings together various key players, at national, regional and international levels. Those partnerships are now showing results, from building transportation networks in East Africa to helping Ecuador's Alpaca wool producers find export markets.
Statement by Director-General Pascal Lamy
According to Pascal Lamy, “Aid for Trade flows have increased by 60% in real terms, but not at the expense of other forms of aid”. The WTO Director-General also points out that “the OECD and WTO, together with other partners, such as the World Bank, regional development banks and UN regional economic commissions, have engaged in a wide-ranging monitoring and evaluation exercise based on more than 250 case stories”.
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Aid for Trade international key players and initiatives
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The mission of the OECD is to promote policies that will improve the economic and social well-being of people around the world, using its wealth of information on a broad range of topics to help governments foster prosperity and fight poverty through economic growth and financial stability. The OECD's work is based on continued monitoring of events in member countries as well as outside the OECD area, and includes regular projections of short and medium-term economic developments. | ||
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ITC's mission is to enable small business export success in developing and transition-economy countries by providing, with partners, sustainable and inclusive development solutions to the private sector, trade support institutions and policy-makers. The ITC aims at strengthening the international competitiveness of enterprises, developing the capabilities of trade service providers to support exporters, and supporting policy-makers in integrating the private sector into the global economy. | ||
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> Statement by ITC Executive Director Patricia Francis Video link: Cotton project in Senegal |
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The WCO is the only international intergovernmental organization that deals with Customs procedures governing trade between countries. Its work aims to improve the effectiveness and efficiency of Customs administrations around the globe, and to help them fulfil their dual role of facilitating trade whilst ensuring its security. | ||
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UNIDO is the specialized agency of the United Nations that promotes industrial development for poverty reduction, inclusive globalization and environmental sustainability. The organization provides trade-related development services, offering customer-focused advice and integrated technical assistance in the areas of competitiveness, trade policies, industrial modernization and upgrading, compliance with trade standards, testing methods and metrology. | ||
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The ADB is a multilateral development bank, dedicated to reducing poverty in Asia and the Pacific region through inclusive economic growth, environmentally sustainable growth, and regional integration. The bank notably provides technical assistance, grants, guarantees, and facilitates policy dialogues, provides advisory services, and mobilizes financial resources through co-financing operations that tap official, commercial, and export credit sources. | ||
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> Statement by Ganeshan Wignaraja, Principal Economist at ADB's Office of Regional Integration Video link: Modern road revives ancient trade route, bringing prosperity |
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The IDB is the main source of multilateral financing and expertise for sustainable economic, social and institutional development in Latin America and the Caribbean. The IDB supports efforts by Latin America and the Caribbean countries to reduce poverty and inequality, with the aim to bring about development in a sustainable way. Besides loans, the IDB also provides grants, technical assistance and does research. | ||
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> Statement by IDB President Luis Alberto Moreno Video Link: Guatemala: A Boost for Exports |
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The African Development Bank Group’s mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for the continent’s economic and social development. The institution aims at assisting African countries in their efforts to achieve sustainable economic development and social progress. To this end, the Bank seeks to stimulate and mobilize internal and external resources to promote investments as well as provide its regional member countries with technical and financial assistance. | ||
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Video link: Regional integration |
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The IDB provides technical and financial assistance to its member countries for economic and social development, notably participating in equity capital and grant loans for productive projects and enterprises among its member countries. The Bank is also charged with the responsibility of assisting in the promotion of foreign trade, especially in capital goods. |
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The EBRD is an international financial institution that supports projects from central Europe to central Asia. Investing primarily in private sector clients whose needs cannot be fully met by the market, the Bank provides project financing for banks, industries and businesses. Through donor funds, the EBRD mobilizes investment capital and expertise by giving local business access to consultant experts. | ||
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> Statement by EBRD President Thomas Mirow Video link: The Trade Facilitation Programme |
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UNCTAD promotes the development-friendly integration of developing countries into the world economy. UNCTAD has progressively evolved into an authoritative knowledge-based institution whose work aims to help shape current policy debates and thinking on development, with a particular focus on ensuring that domestic policies and international action are mutually supportive in bringing about sustainable development. | ||
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Video link: BioTrade Initiative in Ecuador |
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The World Bank’s mission is to fight poverty and to help people help themselves and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors. The World Bank is made up of two unique development institutions owned by 187 member countries: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Together, they provide low-interest loans, interest-free credits and grants to developing countries for a wide array of purposes that notably include investments in infrastructure, financial and private sector development, as well as agriculture and environmental and natural resource management. | ||
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Video link: Removing Transport Bottlenecks on East Africa's Northern Corridor |
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USAID promotes peace and stability by fostering economic growth, protecting human health, providing emergency humanitarian assistance in developing countries. USAID provides technical and financial assistance in Sub-Saharan Africa, Asia and the near East, Latin America and the Caribbean, Europe and Eurasia. | ||
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Video link: East African Corridors Diagnosis Study |
