Malawi stands to benefit from $214.8 million Enhanced Integrated Framework (EIF) Programme to be implemented in 48 least developed countries (LDCs), the Ministry of Industry and Trade said on Friday.
The EIF is a global aid for trade programme exclusively designed for poor countries such as Malawi.
The programme follows a Donor Pledging Conference for the Enhanced Integrated Framework (EIF) Programme on Monday, December 14, on the margins of the Tenth Ministerial Conference for the World Trade Organisation (WTO) taking place in Nairobi, Kenya, where Minister of Industry and Trade, Joseph Mwanamvekha, participated.
In a statement made available to Business News, the ministry said the new EIF Programme will better support LDCs to use trade as a vehicle for economic growth and poverty reduction.
“The EIF is uniquely placed to assist countries to develop sustainable trade strategies which have a positive impact on people’s lives through the promotion of private sector development and job and income opportunities. The programme has been redesigned to be more dynamic and results driven and more responsive to country conditions, priorities and initiatives,” reads the statement.
Malawi, being an LDC, is already benefiting from phase one of the programme, currently being implemented by the ministry and the financing facility is supporting farmers in Mchinji. n