EIF strategic plan seeks to help least developed countries gain more from trade
Officially presented for the first time on 19 February in Kampala, Uganda, the new 2019-2022 Strategic Plan is designed to better position LDCs in the global economy at a time of growing concerns about trade. Housed in the WTO, the EIF is a multi-partner programme dedicated to addressing the trade capacity needs of LDCs.
With an unstable global economy and high trade costs creating uncertainties across the world, the EIF will focus its work on fragile countries and providing the adaptability needed as well as increasing engagement and support for micro, small and medium sized enterprises (MSMEs) and women in trade.
The redoubling of efforts includes maximizing the work the EIF does best – meaning forging close working relationships with LDC governments, creating unique mechanisms for coordination across sectors, partners and ministries and serving as a catalyst for in-country investments in trade.
Drawing from past e-commerce research in a handful of countries, new targets will involve supporting the use and uptake of technology in LDCs that draws from evidence-based trade studies.
‘The EIF does vital work and is making a real impact on the ground,’ noted WTO Director-General Roberto Azevêdo. ‘But of course there is still a huge amount of work to be done. We are grateful for the EIF partners’ strong commitment to our ongoing efforts to take this work forward, as encapsulated in the new Strategic Plan. Together we can ensure that the EIF continues to deliver for the LDCs.’
‘The EIF has been on a remarkable journey over the past decade,’ said EIF Executive Director Ratnakar Adhikari. ‘We have built the country ownership that is essential for LDCs to achieve sustained trade development. We must redouble our efforts to make LDCs more competitive.’
Source: WTO (World Trade Organization)