Egypt to provide EGP 90bn in financing facilities for key sectors at interest rates below 15% this fiscal year    Fragile Gaza ceasefire tested as humanitarian crisis deepens    Egypt explores cooperation with Chinese firms to advance robotic surgery    Avrio Gold to launch new jewellery, bullion factory in early 2026    Egypt approves Temsah offshore concession reassignment to EGPC, Ieoc, BP    CBE, China's National Financial Regulatory sign MoU to strengthen joint cooperation    AUC makes history as 1st global host of IMMAA 2025    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Sisi, Sudan's Al-Burhan renew opposition to Ethiopia's unilateral Blue Nile moves    Egyptian pound edges up slightly against US dollar in early Wednesday trade    Egypt starts October Takaful and Karama payments worth over EGP 4b to 4.7m families    Egypt's Cabinet hails Sharm El-Sheikh peace summit as turning point for Middle East peace    Gaza's fragile ceasefire tested as aid, reconstruction struggle to gain ground    Egypt's human rights committee reviews national strategy, UNHRC membership bid    Trump-Xi meeting still on track    Al-Sisi, world leaders meet in Sharm El-Sheikh to coordinate Gaza ceasefire implementation    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths one of largest New Kingdom Fortresses in North Sinai    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Egypt Writes Calm Anew: How Cairo Engineered the Ceasefire in Gaza    Egypt's acting environment minister heads to Abu Dhabi for IUCN Global Nature Summit    Egyptian Open Amateur Golf Championship 2025 to see record participation    Cairo's Al-Fustat Hills Park nears completion as Middle East's largest green hub – PM    Egypt's Cabinet approves decree featuring Queen Margaret, Edinburgh Napier campuses    El-Sisi boosts teachers' pay, pushes for AI, digital learning overhaul in Egypt's schools    Egypt's Sisi congratulates Khaled El-Enany on landslide UNESCO director-general election win    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Egypt reviews Nile water inflows as minister warns of impact of encroachments on Rosetta Branch    Egypt's ministry of housing hails Arab Contractors for 5 ENR global project awards    Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham    Egypt to host men's, juniors' and ladies' open golf championships in October    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Global aid for trade efforts vital for boosting development
Published in Bikya Masr on 20 - 07 - 2011

United Nations Secretary-General Ban Ki-moon on Tuesday appealed to donors to maintain their support for “Aid for Trade” efforts to help developing countries, especially the poorest, accelerate development and benefit from global economic growth.Aid for Trade is an initiative launched by the World Trade Organization (WTO) six years ago to help developing countries, particularly the least developed, develop the necessary trade-related skills and infrastructure to carry out and benefit from WTO agreements and to expand their trade.
“Aid for Trade reflects the international community's commitment to help developing countries participate actively in the world economy and to ensure that these countries can also gain from world growth,” Ban said in his remarks to WTO's Third Global Review of Aid for Trade, held in Geneva.
He said that Aid for Trade is a crucial building block of the global partnership for development, and applauded the international community's efforts to mobilize resources under this category. Today Aid for Trade accounts for as much as one-third of official development assistance (ODA).
“However, all is not well,” Ban pointed out. “As we all know, this is a time of economic uncertainty. Budgets are tight. But difficult fiscal conditions are no excuse for letting up our efforts; they underscore the need for collective action.”
Noting that the annual rate of increase for Aid for Trade has slowed sharply, he urged the donor community not to fall short of the present level of Aid for Trade.
“Going forward, it is also essential to ensure that the Aid for Trade does not displace existing development assistance,” he added.
The Secretary-General also stressed the need to pay attention to the unique needs of the least developed countries (LDCs) and make sure they are not left behind. Also, he emphasized the need to fully utilize the potential for Aid for Trade to advance food and nutrition security.
“In all our efforts, let us remember that meeting our development goals is ultimately about building self-sufficiency and helping people help themselves,” he stated.
“Together, let us advance our shared goal of ensuring that the international system works best for those who need it most.”
Ban also noted that in an age of integration and interconnection, initiatives such as Aid for Trade have to be looked at along with other interlinked issues such as climate change, food crisis, global health and gender empowerment, as well as other development objectives, including the anti-poverty targets known as the Millennium Development Goals (MDGs).
Next year's UN conference on sustainable development, to be held in Rio de Janeiro in June, will provide an opportunity to do just that, said the Secretary-General, who has made sustainable development the world body's top priority for this year.
Sustainable development was also a topic of talks held today between Ban and Micheline Calmy-Rey, the President of Switzerland. They discussed the work of the Secretary-General's High-Level Panel on Global Sustainability, of which the President is a member, and Mr. Ban was pleased to hear that the Panel's work is progressing, his spokesperson said.
The panel, set up last August, is tasked with finding ways to lift people out of poverty while tackling climate change and ensuring that economic development is environmentally friendly.
They also discussed assistance to the new nation of South Sudan, Swiss support for peacebuilding initiatives in Africa and Haiti and the Swiss role in various mediation efforts.
The two-day Global Review of Aid for Trade, which opened on Monday, is aimed at assessing what has been achieved since the initiative was launched in Hong Kong in 2005. The forum brings together senior officials from the WTO, the World Bank, the Organization for Economic Cooperation and Development (OECD), the UN Industrial Development Organization (UNIDO), as well as dozens of international trade organizations, non-governmental organizations (NGOs), and private corporations.
BM/UN


Clic here to read the story from its source.