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Overview

The United Nations Peace and Development Trust Fund provides USD $1,077,624 to strengthen the capacity of LDCs to formulate policies on trade diversification for resilient recovery from the COVID-19 pandemic and implementation of the Doha Programme of Action

Commitments (Constant USD, 2023)$1,018,268
Commitment Year•2022Country of Activity•Multi-RegionDirect Recipient Country of Incorporation•Multiple JurisdictionsSector•Trade Policies And RegulationsFlow Type•Grant

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2022
Start (planned)
May 1, 2023
End (planned)
Apr 1, 2026

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • Unspecified Chinese Government Institution

Cofinancing agencies

Intergovernmental Organizations

  • United Nations (UN)

Receiving agencies

Government Agencies

  • Government of Bangladesh
  • Government of Rwanda
  • Government of Uganda

Implementing agencies

Government Agencies

  • China Ministry of Commerce

Intergovernmental Organizations

  • International Trade Centre (ITC)
  • Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLs)
  • United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP)

NGO/CSO/Foundations

  • Southern Voice
  • Third World Network

Loan description

The United Nations Peace and Development Trust Fund provides USD $1,077,624 to strengthen the capacity of LDCs to formulate policies on trade diversification for resilient recovery from the COVID-19 pandemic and implementation of the Doha Programme of Action

Narrative

Full Description

Project narrative

In 2016, the Chinese Government pledged to contribute $200 million to the United Nations over a ten year period. The United Nations Peace and Development Trust Fund (UNPDF) was established to channel these earmarked funds to specific projects in coordination with the UN. The UNPDF is divided into two sub-funds: The 2030 Agenda for Sustainable Development Sub-Fund and The Secretary-General's Peace and Security Sub-Fund. Approved in 2022 by UNPDF, USD $1,077,624 was allocated from the 2030 Agenda for Sustainable Development Sub-Fund to increase the capacity of policymakers in three LDCs (least developed countries) to formulate and implement effective strategies to diversify exports and integrate into global value chains. Under the Doha Programme of Action-- whose emphasis on enhancing international trade and regional integration, highlights the potential of digital trade to level the playing field for LDCs--this project aims to conduct a comprehensive review of policy instruments and trade datasets over the past decade to understand past bottlenecks, identify opportunities for trade diversification, and develop actionable recommendations that will direct efforts to build the capacity of national stakeholders to unlock and further develop the existing potential. The research finding will form the basis of country-level capacity building workshops and global meeting to disseminate knowledge and promote experience sharing among LDCs in trade diversification and forge partnerships to promote effective integration of LDCs into the global trading system. Recipient countries are Bangladesh, Rwanda, and Uganda. The implementing entity is UN-OHRLLS and ITC. Collaborating partners include RCOs of participating LDCs, ECA, ESCAP, National governments, Chamber of Commerce and sector associations, Ministry of Commerce of China, Southern Voice, and Third World Network. The project's scheduled duration is from May 2023 - April 2026.

Staff comments

1. The UNPDF reference number for this project is PDF-SDG-2022-06. 2. The commitment date is estimated based upon the project's year of approval.