conclusion for aids to trade (insurance)
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priorities.”10
Conclusion
Efforts to promote aid for trade, though perhaps taking
a different course from that of the negotiators in Hong
Kong, China, would have foreseen, are nonetheless pay-
ing dividends. Countries—at least until the onset of
global recession—were demanding more aid for trade,
donors were supplying it, and countries that needed it
were, in general, getting it. Moreover, countries were,
with increasing frequency, making trade a central com-
ponent of their development strategies. Finally, some
partial evidence suggests that aid for trade is producing
results.
As evident from this report, the World Bank Group
has been actively participating in this aid-for-trade
process. One measure of the extent to which aid for
trade has been integrated into national development
strategies is the prominence given to trade and compet-
itiveness in the Country Assistance Strategies developed
by the World Bank and partner countries: some two-
thirds of CASs now identify trade as a priority area.
This is one reason why trade-related lending and other
services to countries have grown significantly.
These favorable developments should not lead to
complacency. The financial crisis and global recession
will undoubtedly put pressure on aid for trade, from
both the supply side, as donors turn their attention to
paring back deficits, and the demand side, as countries
use scarce development assistance for maintaining social
expenditures. Yet, if anything, the global recession has
increased the urgency of positioning countries to take
advantage of a recovery in the global economy—when-
ever it occurs. That work must begin now.
10 WTO Aid for Trade Review, Africa Regional Report, 2007.
Conclusion
Efforts to promote aid for trade, though perhaps taking
a different course from that of the negotiators in Hong
Kong, China, would have foreseen, are nonetheless pay-
ing dividends. Countries—at least until the onset of
global recession—were demanding more aid for trade,
donors were supplying it, and countries that needed it
were, in general, getting it. Moreover, countries were,
with increasing frequency, making trade a central com-
ponent of their development strategies. Finally, some
partial evidence suggests that aid for trade is producing
results.
As evident from this report, the World Bank Group
has been actively participating in this aid-for-trade
process. One measure of the extent to which aid for
trade has been integrated into national development
strategies is the prominence given to trade and compet-
itiveness in the Country Assistance Strategies developed
by the World Bank and partner countries: some two-
thirds of CASs now identify trade as a priority area.
This is one reason why trade-related lending and other
services to countries have grown significantly.
These favorable developments should not lead to
complacency. The financial crisis and global recession
will undoubtedly put pressure on aid for trade, from
both the supply side, as donors turn their attention to
paring back deficits, and the demand side, as countries
use scarce development assistance for maintaining social
expenditures. Yet, if anything, the global recession has
increased the urgency of positioning countries to take
advantage of a recovery in the global economy—when-
ever it occurs. That work must begin now.
10 WTO Aid for Trade Review, Africa Regional Report, 2007.
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