Aid for Trade Report: 2012-2013
Inter-American Development Bank (IDB)
Launched at the Fourth Global Review on Aid-for-Trade (AfT), the Aid-for-Trade Report 2012-2013 touts progress achieved with the Inter-American Development Bank (IDB) Group's AfT portfolio. As the publication points out, while trade has been an engine for economic growth and poverty reduction in Latin America and the Caribbean (LAC), the region still faces structural internal barriers - e.g. burdensome regulatory frameworks, high logistics costs, and slow export and import processes - that prevent it from fully benefiting from an open trading system. The AfT Initiative is well-positioned to leverage important investments to tackle these and other barriers, in particular those hindering the ability of LAC companies to enter into global value chains (GVCs).