Delivering Effective Regional Strategies
International Trade Forum › Num. 2, Avril 2009
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Résumé
Since its inception, Aid for Trade has spurred debate among stakeholders in a way few other developments could. Developed nations have pledged unprecedented sums, but with the economic downturn and stalemate in the Doha Development Agenda, the outlook for a full-scale implementation of Aid for Trade commitments is grim. It's a "chicken and egg" situation that can only be resolved by establishing new, mutually beneficial mechanisms. Focusing on categories of Aid for Trade needs, the Common Market for Eastern and Southern Africa (COMESA) has conceived a regional fund with two components: the COMESA Adjustment Facility, which supports member states in implementing regional policies at national level; and the COMESA Infrastructure Fund, which will provide resources for grants and facilitate leveraging of private participation in infrastructure projects, namely through public-private partnerships. Through those mechanisms and combined with conventional trade-related assistance, Aid for Trade resources will be able to target specific areas while enabling beneficiaries to plan implementation with predictable resources.
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Extrait
Delivering Effective Regional Strategies
Since its inception, Aid for Trade has spurred debate among stakeholders in a way few other developments could. Now, four years since it came to light in the 2005 Hong Kong Ministerial Declaration, Aid for Trade is still polarizing the opinions oí political leaders and development economists worldwide, Developed nations have pledged unprecedent...
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