EIF’s role in supporting the coordination of trade efforts in LDCs would not be possible without buy-in from funding partners. With funds less readily available and more closely scrutinized, the ability of an LDC to identify, design and pitch programmes that can generate sustained, value-for-money impact on poverty is critical. As a result, avoiding duplication and waste while building mutually reinforcing partnerships has never been more important.
EIF provides a platform for donors to increase synergies and harmonize efforts, and the programme is currently supported by 24 country donors through contributions to EIF's Trust Fund.
The programme relies on Donor Facilitators to work with focal points on the ground to ease coordination and donor/government dialogue on trade issues. The Donor Facilitator is a representative of the donor community active in supporting an LDC's trade agenda, and is identified by the government and other donors.
EIF TRUST FUND DONORS
Korea, Republic of
Saudi Arabia, Kingdom of
United States of America
“ Norway places great importance on the integration of the Least Developed Countries into the multilateral trading system. Trade is vital for development. At the same time, development assistance is necessary for the LDCs' ability to take advantage of market access in other countries. The EIF is an important instrument and has for many years been Norway's main channel for targeted, trade-related development assistance to many LDCs. ”
“ As a strong proponent for free and fair trade, Sweden believes that the EIF strengthens the opportunities for the LDCs to take full advantage of existing and future prospects for development through trade. Promoting gender equality and inclusive trade is crucial to maximize the impact of trade and development activities on people's livelihoods. It is therefore promising that this is one of the EIF's four overarching strategic goals in 2016-2018. ”