Strong governance of WTO trade aid needed - Egypt

HONG KONG (Reuters) - Dramatic rich country promises to help poor countries expand exports could fail without a change in how billions of dollars in aid are managed, Egyptian Trade Minister Rachid Mohamed Rachid said on Wednesday.

"The reality is whatever has been spent in the past 25 years isn't working. So we need to break that cycle and our proposal is to break it by putting some proper governance into place," Rachid said in an interview on a proposed development package being crafted this week at a World Trade Organisation meeting.

Washington, Tokyo and Brussels have pledged aid over the past few days to fund infrastructure and other projects to help poor countries improve their ability to export.

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