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Why foreign aid should be used to diversify local exports sector

Published on August 15, 2017

Aid for Trade (AfT) is one of programmes guiding foreign aid for developing countries. AfT programme has helped in the establishment of supply-side and trade-related infrastructure in developing countries to enhance their trade performance. Since 2010, this funding has helped in developing export infrastructure in some African countries, including Egypt, Ethiopia, Kenya, Morocco and Tanzania with around 35 per cent of total AfT disbursements.

The World Bank, the European Union, and the African Development Bank are the largest providers of AfT to Africa. At a bilateral level, Germany, Japan, the United States, and France are the leading funders. Some new partners have emerged, including Kuwait, the United Arab Emirates, the Climate Investment Funds, and the OPEC Fund for International Development. Read more. Source | New Times