The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
Regional cooperation and integration has been among the central concerns of Africa’s development essentially as an instrument of faster collective growth and shared prosperity. Utilizing the integration process, African countries hope to create an economic and market space large enough to make it possible to establish viable production capacities in industry and in the primary sector, especially through exploiting complementary resources. It can also make it possible to collectively build transport, communication and energy infrastructure, which would otherwise be too costly for individual countries to undertake. The first generation of integration arrangements focused primarily on promotion of trade, principally through liberalization schemes.
However, currently the Africa region is confronted by an enormous challenge to develop faster and more inclusively, induced by the implacable advance of globalization, liberalization of international trade, and more significantly by the need for eradication of poverty and for enhancing and sustaining human welfare. In view of this, it has become imperative to revamp Africa’s integration process – and speed up its tempo through bold and urgent steps.
The panel is invited to discuss the following questions:
(Demographic dynamics in Africa; rapid urbanization; greater role of the private sector; increasing pressure on Africa’s natural resources, including land and water due to the compound effect of population growth, climate change, and rising demand for primary commodities; and, at a global level, emergence of new “growth poles” – most notably the BRICS and strengthening partnerships with Africa.)