The combined GDP of LDCs declined by 5% in 2020 compared to pre-pandemic estimates, and large numbers of infections and COVID-19-related deaths have placed significant strain on already fragile healthcare systems.
A year into Covid-19 being declared a global pandemic, this month’s Aid for Trade stocktaking event, organized by the Development Division of the World Trade Organization (WTO), offers a timely opportunity to assess impact on developing and least developed countries’ (LDC) trade needs, discuss how to make the recovery sustainable and mobilize financing where it is needed most.
On adapting trade support to country priorities, including reducing the trade deficit
Photo: An apparel worker at a garment factory that reopened amid the COVID-19 pandemic in Dhaka, Bangladesh.
