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Mainstreaming Aid for Trade for Structural Reforms in the Changing Landscape of the Global Economy
ADB
2024.06.24
This paper examines the potential of aid for trade to advance trade liberalization in developing countries.
The paper looks at the historical use of trade-related conditionalities in international financial institutions’ balance-of-payments support and budget support and discusses today’s trade landscape. It suggests how international financial institutions could revitalize use of trade-related conditionalities in their policy-based lending to increase gains from trade for developing countries.