In developing countries, transport and storage are aid-for-trade winners

A bridge in Bangladesh. Transport and storage sector is the biggest recipient of aid-for-trade financing. Photo by: Marufish / CC BY-SA

Listed as a priority in the Addis Ababa Action Agenda, aid for trade, according to the resulting document from the third International Conference on Financing for Development, “can play a major role” in mobilizing international trade for development, especially in least-developed countries.

Trade, a note from the Organization for Economic Cooperation and Development and the World Trade Organization clarified, is “not a ‘sector’ — it covers a wide range of activities and encompasses not just goods, but also services.”

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About the author

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    Anna Patricia Valerio

    Anna Patricia Valerio is a former Manila-based development analyst who focused on writing innovative, in-the-know content for senior executives in the international development community. Before joining Devex, Patricia wrote and edited business, technology and health stories for BusinessWorld, a Manila-based business newspaper.