Wednesday, July 24, 2019

Nepal is the chair of EIF board

Nepal is nominated – by consensus – for the first time from Asia, as the chair of the Enhanced Integrated Framework (EIF) board for the year 2019-2021. Earlier, Benin, Sierra Leon, Ethiopia and Lesotho have assumed the role as a chair of the EIF board. Nepal’s ambassador and permanent representative at the Permanent Mission of Nepal in Geneva Mani Prasad Bhattarai represents the country for the position. The handover takeover will take place in September.
Established in 2007, the EIF is the World Trade Organisation (WTO)-initiated multilateral partnership mechanism, which is exclusively working for the least developed countries (LDCs) to support their better integration into the multilateral trading system.
The EIF mechanism is the partnership of 51 countries – some 47 LDCs and 4 graduating LDCs), 24 donors and 8 partner agencies working closely with governments, development organisations and civil society – to assist LDCs to use trade as an engine for development and poverty reduction.
EIF extends technical and financial support to LDCs and works as a platform to leverage further resources in collaboration with other development partners and government ministries in trade sector.
In Nepal, EIF has supported for trade mainstreaming, human resources development, institutional and productive capacity building. Three projects – Pashmina Enhancement and Trade Support Project (PETS), Ginger Projectand Medicinal and Aromatic Plants (MAPs) Project – are underway under EIF since 2012 in Nepal.

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