EIF Phase Two
Based on the findings of an independent evaluation of Phase One, the EIF Steering Committee endorsed the EIF Board's recommendation to extend the EIF programme into Phase Two (2016-2022).
The Programme Framework for Phase Two preserves the successful core structure of Phase One while strengthening aspects to reflect the evaluation findings and stakeholder feedback. Phase Two will produce a more dynamic and results driven EIF, demonstrating increased efficiency, effectiveness, sustainability and value for money.
Phase Two will begin on January 1st, 2016.
What Phase Two will achieve:
- Strengthened role of trade to benefit the poor and reduce poverty.
- Increased productive capacity and presence in international markets.
- Fully sustainable trade policy and institutional capacity.
How will this be achieved?
- Improved evidence based policy inputs supporting pro-poor trade.
- Strengthened institutional coordination of trade and development.
- Enhanced capacity of private sector representative bodies to participate in the national trade agenda.
- Better trained public officials and non-state actors in trade areas, particularly women.
- Increased participation of women and youth in economic activity.
- Additional leveraged funds and co-financed projects.
Why is $274-$320 million needed and what will it buy?
The amount of funding needed for 2016-2022 is related to:
- The trade needs of the LDCs.
- The capacity of the LDCs to use these resources.
The funding received for Phase Two will be used for:
- Up to 33 Diagnostic Trade Integration Studies and Updates.
- 14 projects to support the integration of trade priorities into national development strategies.
- Up to 79 catalytic sector support projects based on country-identified priorities.
- A new funding window will promote institutional and financial sustainability.
The logical framework for Phase Two has been strengthened and simplified.
An independent evaluation of the EIF will be carried out in 2020.
Main Elements of Phase Two
- Targeting sustainable results through more tailored support.
- Reinforcing and making more mutually accountable the partnership between the Agencies, EIF Countries and Donors.
- Better communicating the objectives of the programme and engaging key decision makers.
- Strengthened programme management and governance to increase efficiency and effectiveness.