Pakistan calls for predictability and clarity for Aid-for-Trade initiative

22 November 2007

The first annual Global Aid for Trade Review was a major event. It was attended by a large number of trade and economy Ministers, Presidents of International development agencies such as the World Bank, IMF, UNDP, ILO and regional banks.

Opening the event, Pascal Lamy, Director General highlighted the importance of Aid for Trade in making trade happen which requires infrastructure, technology, know how, financing and competitive exporters.

Mr. Robert Zoellick, President of the World Bank said that central to the task of promoting inclusive globalization is bringing down trade barriers to the products of the poor while aid for trade is critical since it is assistance to develop their capacity to benefit from global markets.

Others who spoke at the meeting session were Angel Gurria, Secretary General, OECD, Dominique Strauss-Kahn, Managing Director, IMF, Kemal Dervis, Administrator, UNDP, Donald Kaberuka, President, AfDB, Luis Alberto Moreno, President, IADB and Rajat Nag, Managing Director General, ADB

There were specific sessions on improving “quantitative” and qualitative measurement of Aid for Trade. Special sessions also focused on multilateral and bilateral strategies, roadmaps for various regions and future plans.

Subsequent to the global review, the General Council debated the results of discussion and gave feed-back on the future directions of WTO monitoring. Speaking at the General Council, Ambassador Manzoor Ahmad commended the initiative. In order for the programme to be more effective, he stressed on the need for “better coordination, monitoring and making Aid for Trade more predictable.
Full text of Ambassador Manzoor Ahmad speech is available here