BRUSSELS — Better coordination and clearer impact are the focus of the European Commission’s new guidelines on how aid can help developing countries boost exports.
The communication, released this week, updates the European Union’s 2007 Aid for Trade strategy, which aims to raise countries’ productive capacity and tackle poverty through trade.
The EU and its member states are the world’s biggest providers of “aid for trade,” with around 13 billion euros ($15.3 billion) worth of commitments in 2015, most of which went toward building trade-related infrastructure and growing productive capacity in sectors such as agriculture and mining.