Aid for Trade in Asia and the Pacific

International Trade ForumNum. 2, Avril 2009

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Résumé


The global economic crisis has exacerbated the situation. With a precipitous drop in the region's exports, aggregate growth of gross domestic product in developing Asia is forecast to decline from 6.3% in 2008 to around 3.4% this year. Recent meetings in the region have underlined three key points for making Aid for Trade more effective. The first is that regional approaches that support national development strategies are best for multiplying the benefits of Aid for Trade. Second, establishing cross-border economic corridors lies at the heart of successful Aid for Trade programs. And third, building strong partnerships between governments, the private sector and the donor community ensures the sustainability of benefits. For many years the Asian Development Bank (ADB) has recognized that Aid for Trade is vital for economic recovery, long-term development and structural change. There is no one size fits all approach to Aid for Trade projects, but ADB's experience suggests that project assistance yields large returns.

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Aid for Trade in Asia and the Pacific

The global economic crisis has exacerbated the situation. With a precipitous drop in our region's exports, aggregate growth of gross domestic product (GDP) in developing Asia is forecast to decline from 6.3 per cent in 2008 to ar...

Voir le contenu complet de ce document

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