International Trade Working Paper

The International Trade Working Paper series promptly documents and disseminates reviews, analytical work and think-pieces to facilitate the exchange of ideas and to stimulate debates and discussions on issues that are of interest to developing countries in general and Commonwealth members in particular. The issues considered in the papers may be evolving in nature, leading to further work and refinement at a later stage.


Sustainable Graduation

International Support Measures for Graduating LDCs

Several countries are to leave the group of least developed countries (LDCs) in the coming decade. Following ‘LDC graduation’, these countries will become ineligible for the international support measures (ISMs) they currently enjoy. Taking into account the structural vulnerabilities of these LDCs, this paper argues for continued ISMs to ensure that their transitions are irreversible. It presents analysis of the existing ISMs and the consequent implications arising from LDC graduation. Based on this, it identifies trade- and finance-related actions that the international development community may undertake to support the smooth and sustainable graduation of these LDCs.


Keywords: preference erosion, international support measures, least developed countries, concessional finance, sustainable graduation
JEL: F35: International Economics / International Finance / Foreign Aid; F13: International Economics / Trade / Trade Policy; International Trade Organizations; O10: Economic Development, Innovation, Technological Change, and Growth / Economic Development / Economic Development: General
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