LEAST DEVELOPED COUNTRIES

EIF works on the trade-related challenges of the world’s poorest countries, assisting them at every stage of the effort needed to leverage trade for sustainable growth and poverty reduction.

The EIF partnership is structured around the understanding that in order for LDC development to be sustainable, improvements in the trading environment must flow from the countries themselves. This unique approach guarantees full LDC ownership of their trade agenda, and the majority of EIF projects are co-financed by the LDCs themselves.

 

“ The EIF has a unique strategy of being a catalyst for projects, which in turn helps other donors and the government realize the benefits of trade. As a specific example, the Vanuatu Tourism Infrastructure Project (funded by the EIF and other partners) will enable local businesses to capture increased benefits of tourism. ”

Vanuatu Hon. Deputy Prime Minister Joe Natuman

“ Through the EIF programme's unique support, we have the opportunity to truly exercise and benefit from the principle of country ownership defined in the Paris Declaration of Aid and Effectiveness. The MoIC made the unprecedented decision to conduct its own DTIS – something never done before accomplished 'in house' by our government. ”

Lao PDR Minister of Industry and Commerce H.E. Khemmani Pholsena

“ Through the EIF, trade has emerged as a growth factor in Guinea contributing to poverty reduction, empowerment of rural women and strengthening of the capacity of human resources, including of young people, for a better future. ”

Guinea Minister of Trade Marc Yombouno