The Trust Fund will facilitate the start-up of new activities in the four main areas of the UNCTAD: globalization and development, international trade in goods and services, and commodity issues; investment, enterprise development and technology; services infrastructure for development and trade efficiency. An important objective of the Fund would be to seek contributions from as many countries and institutions as possible.

 

Some of the goals are: Support for implementing macro-economic reforms, particularly in the areas of trade policy and trade diversification, and financial and fiscal sector reforms, including for the mobilization of public and private resources for development of LDCs. The focus will be on improved trade and investment supporting services, including in such areas as enterprise development, enhancing the role of women in the development process, trade efficiency, and technology; Promoting participation of the private sector in development.

 

The Trust Fund will also provide an umbrella for different types of contributions from interested countries. For example, developing countries could make contributions in kind, by providing experts for work in LDCs, by facilitating training of LDC nationals in relevant institutions and by promoting the exchange of successful development experiences. Triangular cooperation is another area, covering cooperation between the beneficiary LDC and a developing country financed by a donor country. Such contributions will be allocated by the Secretary-General of UNCTAD to support the above-mentioned activities on the basis of either request by LDCs (individually and collectively) or pursuant to relevant decisions of UNCTAD IX and of the Trade and Development Board regarding expanded technical cooperation for LDCs.