Telling the trade stories of least developed countries

To promote economic growth, EIF support to Liberia centred on tackling supply-side constraints to trade. The goal of enhancing trade was to reduce extreme poverty, estimated to exceed 80% in 2003. The EIF’s engagement also demonstrates its commitment to fostering partnerships that promote local ownership of Liberia’s development agenda. Initially, support focused on establishing strong institutional structures and strengthening capacity to develop policies and mainstream trade into national strategies.

Like many small island states, Vanuatu and its economy are particularly vulnerable to extreme weather events and climate change. In March 2015, a category 5 tropical storm, known as Cyclone Pam, ripped through the archipelago, destroying 90 percent of the buildings—including the Port Vila seafront—and leaving dozens dead.