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    Innovation for Poverty Alleviation


    ITC Wins World Bank Award
    © International Trade Centre, International Trade Forum - Issue 1/2001 

    ITC was one of 44 winning proposals at the World Bank Development Marketplace Competition for Innovative Ideas for Poverty Alleviation (Washington, D.C., February 2000). The project, "Empowerment of Rural Communities to Export Organic Spices", was developed jointly with the Spices Board of India. The concept sprang from ITC research on how rural communities in developing countries could benefit from trade development.

    The event drew in nearly 1,200 proposals from around the globe, out of which 339 finalists including ITC were invited to display their proposals in Washington, D.C. ITC was awarded US$ 250,000. As the project gets under way, ITC will emphasize sustainability and replicability of the concept, to show that trade development can have a direct impact on poverty alleviation.

    For more information, contact Matthias Knappe, Trade Promotion Officer, at knappe@intracen.org