From Africa Recovery, Vol.11#2 (October 1997), Briefs page

UNCTAD Trust Fund for LDCs over halfway to target

With Norway's recent contribution of $935,000 to the Trust Fund for least developed countries (LDCs), managed by the UN Conference on Trade and Development (UNCTAD), total pledges and committments have reached $2.8 mn of the initial $5 mn target. Of the world's 48 LDCs, 33 are African.

The Trust Fund was set up in May 1996, and became operational last February. It aims to help LDCs integrate into the world economy through technical cooperation to strengthen export capacity.

Programmes may include support for trade policy changes and trade diversification, and for policy changes in the financial and fiscal sectors. Norway's contribution will help finance various UNCTAD programmes for LDCs, including debt management.

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