Sweden Gives 100 Million for Poverty Alleviation

2019 ias preliminary exam test series

The Government of Sweden has committed SEK 100 million (US$ 11.5 million) to the second phase of the Enhanced Integrated Framework (EIF) programme, providing an immediate disbursement of SEK 20 million (US$2.4 million) for 2017.

The contribution will help to improve the trading capacity of the world’s poorest countries and to create jobs that lift people out of poverty.

The EIF helps the least-developed countries (LDCs) use trade as a means of promoting economic growth and achieving sustainable development.

As one of the programme’s 24 donors, Sweden is committed to creating a more equitable global trading environment in the LDCs.

Sweden is also the Chair of the EIF Steering Committee, the global body consisting of international agencies, LDCs, donors and observers that guides the delivery of the EIF programme.

Sweden’s contribution will support sustainable trade, development and poverty alleviation in the LDCs as part of the global efforts to help the LDCs meet the UN’s Sustainable Development Goals.

Enhanced Integrated Framework

The EIF is a multi-donor trust fund, which provides coordinated financial and technical support to build trade capacity in all 48 LDCs and three graduated countries.

The EIF is the only global Aid for Trade programme exclusively designed for the LDCs and is, therefore, uniquely placed to assist countries to develop sustainable trade strategies, which have a positive impact on people’s lives through the promotion of private sector development and job and income opportunities.

The EIF is recognized under Goal 8a of the Sustainable Development Goals.

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