The Covid-19 pandemic has exacerbated the challenges Least Developed Countries (LDCs) face in accessing vital trade finance, as many have seen their local dollar liquidity shrink while foreign banks take a dimmer - and not always accurate - view of emerging market risk.
Expanding and diversifying productive capacities will better position least developed countries (LDCs) to tap the financing and e-trade opportunities that will underpin their Covid-19 recovery. This was a recurrent theme in the United Nations Conference on Trade and Development (UNCTAD) Least Developed Countries Report 2020, which cautioned however that the international community must first rally with resources, policy space and better international support measures.
Least developed countries (LDCs) receive only 6% of the private finance mobilized globally through blended finance, and even then funds are concentrated in a handful of LDCs while ‘last mile’ countries, sectors and businesses miss out.
The COVID-19 pandemic has impacted trade in the world’s least developed countries (LDCs) in a myriad of ways – from the complete collapse of tourism in some LDCs, to the rise of e-commerce opportunities in others. It’s also expected to impact donor country aid budgets for many years to come.
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.
Guinea trying out south-south cooperation venture with Tunisia
Trade in Guinea today centres mostly around the export of gold and bauxite, which is used to create aluminum. The country has the world’s largest deposits of the red rock, and aluminum prices are increasing.
In this issue: "Tentative steps to implementation of the Trade Facilitation Agreement in least developed countries", "Economic diversification: Why trade matters", and "Fisheries subsidies negotiations: What is at stake for least developed countries?"
The digital transformation provides developing economies new opportunities to leapfrog industrial age infrastructure, to draw on the vast knowledge spillovers from the internet, to take advantage of new markets offered by digital platforms and to exploit production possibilities enabled by digital technologies.
The African Continental Free Trade Area (AfCFTA) will transform the way Africa trades, with intra-African trade expected to increase by 15-25 per cent, and the boost to trade in industrial goods accelerating diversification of Africa’s economies.
Economic diversification is a key element of development in which a country moves to a more diverse production structure, scaling-up resilience to external shocks and providing a path for equitable growth.
The Government has shown a strong interest in adopting economic and social policies that can facilitate the development of the Internet economy, of which e-commerce is one segment. Unlocking its potential will also reduce distance to markets, reduce “sealockedness” and enable Vanuatu to leapfrog certain barriers associated with physical trade
A study published two years ago — the Diagnostic Trade Integration Study (DTIS) update — has helped to push forward the Islamic Republic of Mauritania’s reform agenda, by providing a roadmap for how the small African and Arab country can strategically diversify its exports to grow its wealth and reduce poverty
A new book on sanitary and phytosanitary gaps from the Standards and Trade Development Facility (STDF) highlights ways to support farmers, processors, traders and governments in developing countries to access global markets
The WTO's Trade Policy Review of The Gambia, taking place within the first year of the new administration, was an opportune time to reflect on the state of the economy and deliberate on the type of policies and actions that could help the country better participate in global trade
On 29 May 2012 Willie Luen was preparing to emcee one of the most important meetings of his life. He remembers that the room — a hotel conference room in Port Vila, the capital city of Vanuatu — was so packed with people that the windows were starting to fog up.
The Pacific Island nation of Samoa has made considerable progress in recent years in getting businesses and consumers online but still faces challenges before being fully ready to benefit from e-commerce, an UNCTAD and EIF assessment of the country says.
Chandra and her 25 colleagues from her women's association take a break from the day's farming business to hold a meeting on their ginger business prospects and the stiff market competition they face with India's value-added ginger.
In his opening remarks at the "Twenty years of supporting the integration of least developed countries into the multilateral trading system" event, WTO Director-General Roberto Azevêdo reminded WTO members of the importance that the EIF Pledging Conference for Phase Two of the EIF be a success.