New Partnership for Africa’s Development (NEPAD)
NEPAD is a merger of the Millennium Partnership for Africa’s Recovery Programme (MAP) and the Omega Plan. The merger was finalized on 3 July 2001. Out of the merger, the New Africa Initiative (NAI) was born. NAI was then approved by Organization of African Union's Heads of State and Government Summit on 11 July 2001. Its policy framework was finalized on 23 October 2001, forming NEPAD, the New Partnership for Africa's Development.
What is NEPAD?
- It is a holistic, comprehensive integrated strategic framework for the socio-economic development of Africa. The NEPAD provides a vision for Africa, a statement of the problems facing the continent and a programme of action to resolve these problems in order to reach the vision.
- It is a plan that has been conceived and developed by African leaders.
- It is a comprehensive integrated development plan that addresses key social, economic and political priorities in a coherent and balanced manner.
- It is a commitment that African leaders are making to African people and to the international community, to place Africa on a path of sustainable growth.
- It is a commitment African leaders are making to accelerate the integration of the African continent into the global economy.
- It is a framework for a new partnership with the rest of the world.
- It is a call to the rest of the world to partner Africa in her own development on the basis of her own agenda and programme of action.
NEPAD'S Goals and Priorities
NEPAD's goals are threefold: to promote accelerated growth and sustainable development, to eradicate widespread and severe poverty, and to halt the marginalization of Africa in the globalization process.
These goals translate into six concrete sectoral priorities: first, bridge the Infrastructure Gap (this priority is tackled along four different angles - bridging the Digital Divide, Energy, Transport, Water and Sanitation). Second, build human resources (this priority regroups four missions - reduce poverty, bridge the education gap, reverse the Brain Drain and improve health). Third, develop a strong and sustainable agriculture. Fourth, ensure the safeguard and defense of the environment. Fifth, spread and favor culture across the continent. Sixth, finally, develop science and technology.
The implementation of NEPAD is expected to bring about economic growth and development, increased employment, a reduction in poverty and inequity, the diversification of productive activities, enhanced international competitiveness and increased exports, and finally an increased integration of the African continent.
The NEPAD Secretariat includes a small core staff at the DBSA in Midrand, South Africa. The Secretariat has a liaison and coordination function, as well as an administrative and logistical function. It outsources work on technical detail to lead agencies and / or continental experts.
Regional Economic Communities
The Regional Economic Communities (RECs) recognized by the African Union are the building blocks of the NEPAD programmes and initiatives.
The RECs work at the prioritization of the NEPAD projects and programmes together with their member countries.
The RECs follow up on the various NEPAD initiatives and take the lead on the questions of planning for regional integration, policy harmonization, promotion of projects, resource mobilization, etc.
- 20/05/2013 - Developing African Infrastructure for the Continent’s Structural Transformation
- 13/05/2013 - Successful infrastructure project bonds require improved regulatory frameworks, says AfDB study
- 13/05/2013 - AfDB Concludes First Pan-African Training for Regulators of Derivatives and Commodities Exchanges
- 19/04/2013 - AfDB Publication Promotes Structured Finance for Efficient African Markets
- 28/01/2013 - Sommet de l’Union Africaine - Ban Ki-moon met en garde contre toute réduction de l’aide au développement