The OECD and the WTO established an aid-for-trade monitoring framework based on the recommendation by the WTO Task Force on Aid for Trade of establishing two accountability mechanisms, which help track progress in the implementation and enhance the credibility of the Aid for Trade Initiative:
The objective of the monitoring framework is to promote dialogue and encourage all key actors to honour commitments, meet local needs, improve effectiveness and reinforce mutual accountability. The value of this joint OECD-WTO monitoring framework lies in creating incentives through enhanced transparency, scrutiny and dialogue (i.e. putting a "spotlight" on progress) so as to foster synergies between trade and other economic policy areas in developing countries and improve the coherence of aid for trade with overall donor strategies.
The logical framework to assess whether progress is being made towards the desired aid-for-trade goals consists of the following four elements:
1. mainstreaming and prioritising trade (demand)
2. trade-related projects and programmes (response)
3. enhanced capacity to trade (outcome)
4. improved trade performance and reduced poverty (impact)
Demand is obtained through partner-country self-assessments based on an OECD-WTO partner country questionnaire. In addition, these assessments also provide information about mainstreaming trade in development strategies, trade-related priorities, the delivery of aid for trade and co-operation between partner countries and donors.
Assessment of the response consists of the following:
» Access specific aid-for-trade related CRS queries aid-for-trade statistics
» Consult all the self-assessments.
Developing a credible monitoring mechanism is a work in progress. It is important that monitoring does not become a passive activity, but is complemented and reinforced by an active review process - one that promotes change by submitting feedback to donor and partner countries, providing an environment for dialogue, knowledge-sharing, exchange of good practice and information on unfunded trade-related priorities and available donor funding.