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Aid for trade - harnessing the global economy for economic development : meeting of the committee of the whole - chairmain's summing up (English)

Directors welcomed the paper on Aid for Trade - Harnessing the Global Economy for Economic Development and its focus on economic rationale for aid for trade. They reaffirmed the importance of the paper's emphasis for a comprehensive approach to trade and competitiveness in order for countries to be able to take advantage of the opportunities from globalization. Directors took note of the Bank's vital role in providing trade-related technical assistance, analytic work, and lending going forward. They also stressed the need to take account of the challenges associated with globalization. Directors stressed the importance of monitoring donor pledges in a consistent fashion and emphasized the need for harmonizing trade-related assistance measurements and they underscored the challenges facing developing countries in taking advantage of trade opportunities. Directors appreciated the paper's emphasis on multilateral activities in aid for trade including the Enhanced Integrated Framework and the World Bank and IMF role in the advocacy of trade policy matters. Finally, Directors appreciated the brief update of the trade negotiations under the Doha Round and the scope for leveraging the global market place for growth.

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Aid for trade - harnessing the global economy for economic development : meeting of the committee of the whole - chairmain's summing up (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/695231468139200936/Aid-for-trade-harnessing-the-global-economy-for-economic-development-meeting-of-the-committee-of-the-whole-chairmains-summing-up