Saudi Arabia Gives USD 4 Million to Poor Nations

Saudi Arabia has given USD 4 million to help lift poor countries out of poverty through trade. The Kingdom of Saudi Arabia is actively supporting the Enhanced Integrated Framework (EIF) programme by contributing USD 4 million for the implementation of Phase Two of the programme to help least-developed countries (LDCs) gain from global trade and to provide them with a route out of poverty.

Saudi Arabia had contributed USD 3 million for the implementation of Phase One of the programme.

With the support of its 24 donors — both developed and developing countries — the EIF works in partnership with 48 LDCs to help them tackle supply side constraints to trade.

Saudi Arabia’s contribution will promote export led economic growth, sustainable development and will help to bring greater prosperity for the peoples of the poorest countries.

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

The EIF is is a unique partnership among donors, LDCs and international agencies (IMF, ITC, UNCTAD, UNDP, UNIDO, UNWTO, World Bank, and WTO).

It is the only global Aid for Trade programme exclusively designed to helping LDCs develop sustainable trade strategies aimed at improving people’s lives by promoting private sector development and job and income opportunities.

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