Contents with tag: Busan paper
Since the World Trade Organization (WTO) Ministerial Conference in Hong Kong in 2005, ‘Aid for Trade’ (AfT) has become the new catchphrase in international development to foster and promote trade and liberalization. Originating from the 2001 ‘Doha Development Round’, the WTO reasons: “Aid for Trade aims to help developing countries, particularly least developing countries, develop trade-related skills and infrastructure that is needed to implement and benefit from WTO agreements and to expand their trade”[i]. As such, the framework is complementing WTO trade reform and market opening by focusing on capacity building, particularly on trade policy and regulation and improving trade-related infrastructure to ease supply side bottlenecks.
At the Rio Summit in 1992, the growing problem of climate change driven by anthropogenic greenhouse gas (GHG) emissions led to the signing of the United Nations Framework Convention on Climate Change (UNFCCC). Ratified by nearly 200 countries over the years, the treaty is fleshed out through its annual Conference of Parties (COP), with the Kyoto Protocol (KP) adopted at COP3 in 1997 as the most important so far.
Since the 1980s, multilateral development banks (MDBs), donor agencies, development finance institutions and governments have increasingly promoted private sector growth as the cornerstone of national development strategies. While there is little in depth and up to date analysis on the relationship between ODA and the private sector due to a lack or differences in reporting, the vast majority of bilateral and multilateral donors have considerably increased their focus and engagement with the private sector.