The third African Economic Conference is organized in partnership with the Economic Commission for Africa (UNECA).
The Bank, UNECA, and other institutions provide support and capacity-building assistance to African governments in research and policy formulation. Given that these institutions have limited resources, there is a need to complement and enhance the effectiveness of the support provided to regional member countries in research, policy analysis, and information dissemination. Clearly, making more use of the skills of academics and researchers who focus their analysis on Africa’s development, both within and outside the continent, is a relatively less expensive and sustainable way to accomplish this objective. It is also considered to be a reasonable way of building local capacity and reducing the effect of brain drain on the continent.
About the AfDB
The African Development Bank is a regional multilateral development finance institution established in 1964 and engaged in mobilising resources towards the economic and social progress of its Regional Member Countries (RMCs). It is headquartered in Abidjan (Côte d’Ivoire).
The African Development Bank is the premier financial development institution of Africa, dedicated to combating poverty and improving the lives of people of the continent and engaged in the task of mobilizing resources towards the economic and social progress of its Regional Member Countries. The Bank’s s mission is to promote economic and social development through loans, equity investments, and technical assistance.
Whose shareholders include 53 African countries and 24 non-African countries from the Americas, Asia, and Europe. It was established in 1964, with its headquarters in Abidjan, Côte d’Ivoire, and officially began operations in 1967.
In May 1999, the Board of Governors of the African Development Bank Group (“the Bank”) adopted the Vision of the African Development Bank – A Re-Invigorated Bank: an Agenda for Moving Forward. This “Vision”, a product of extensive consultations with all of the Bank’s stakeholders on its mission stance, sets out the long-term strategic focus for the Bank.
About the UNECA
The Economic Commission for Africa (UNECA) was established by the Economic and Social Council (ECOSOC) of the United Nations (UN) in 1958 as one of the UN's five regional commissions. UNECA's mandate is to promote the economic and social development of its member States, foster intra-regional integration, and promote international cooperation for Africa's development.
UNECA's dual role as a regional arm of the UN, and a part of the regional institutional landscape in Africa, positions it well to make unique contributions to member States' efforts to address their development challenges. Its strength derives from its role as the only UN agency mandated to operate at the regional and subregional levels to harness resources and bring them to bear on Africa's priorities.
UNECA's work programme now focuses on achieving results in two related and mutually supportive areas:
Promoting Regional Integration in support of the African Union vision and priorities. UNECA's support to the implementation of AUC's regional integration agenda focuses on undertaking research and policy analysis on regional integration issues, strengthening capacity and providing technical assistance to institutions driving the regional integration agenda, including strengthening and supporting the Regional Economic Communities (RECs), and working on a range of trans-boundary initiatives and activities in sectors vital to the regional integration agenda.
Meeting Africa's special needs and emerging global challenges. UNECA recognizes the importance of focusing attention on Africa's special needs, particularly within the context of achieving the MDGs. In this regard, UNECA places emphasis on supporting efforts to eradicate poverty, placing African countries on the path of growth and sustainable development, reversing the marginalization of Africa in the globalization process, and accelerating the empowerment of women. It aims to provide significant technical support to the African Peer Review Mechanism (APRM) and also to promote peer learning and knowledge sharing in a range of development areas.