Ban tells the international community not to cut Aid for Trade funding

UN Secretary-General Ban Ki-moon

The United Nations Secretary General Ban Ki-moon says that the continued impact of the economic crisis is no excuse for reducing funding to help developing and least developed countries improve trade with the rest of the world.

Speaking at the Third Global Review of Aid for Trade in Geneva, Mr Ban said that donors have been committed to helping the world's poorest countries to be part of the world's economy since the Aid for Trade programme began in 2005. However, he's concerned that that commitment is beginning to slip away.

"All is not well.  As we all know, this is a time of economic uncertainty. Budgets are tight. But difficult fiscal conditions are no excuse for letting up on our efforts; they underscore the need for collective action. The annual rate of increase for Aid for Trade has slowed sharply. At the very least, I urge the donor community not to fall short of the present level of Aid for Trade."

The Secretary-General also met with Swiss President Micheline Calmy-Rey to discuss her countries’ assistance to South Sudan and its peace building initiatives in Africa and Haiti.

Duration: 35″

Global aid for trade efforts vital for boosting development, Ban says at review meeting

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