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
Africa’s rich renewable and non-renewable natural resources that fuel growth and development traverse national boundaries, as such effective joint management arrangements are critical in promoting sustainable and equitable utilization in the context of increasing populations and changing climate. Africa’s approximately 80 transboundary water basins cover approximately 64% of the continent’s land area, which contain 93% of the water resources and are inhabited by 77% of the population (Africa Water Atlas, 2010). The water basins include forests, biodiversity, serve as carbon sinks and support agricultural productivity and food security. Climate change already impacts Africa’s water resources through recurring droughts and floods. The increasing drying of some regions contributes to the arid land area that currently covers 60% of total land in Africa. Droughts in Africa affect over 30% of the population while floods have severe impacts on the livelihoods of the communities.
There are increasing water demands on transboundary rivers and lakes due to increasing populations, settlement patterns that could led to loss of biodiversity and diminished ecosystem services which would affect livelihoods. Examples include recent droughts experienced in the Horn of Africa and the Sahel that impacted livelihoods and reduced the ability to cope with consecutive dry years as a result of reduced recovery time between the events.
Addressing physical infrastructure deficit at national, regional and continental levels is critical for enhancing the pace of economic transformation. Several regional and sub-regional infrastructure development initiatives are currently being rolled out that engage two or more countries, e.g. power generation, roads and railway networks, as well as oil refining.
Regional financial infrastructure and integration has an important role to play in promoting regional integration and mobilization of resources for regional initiatives. RECs are at different stages of Monetary Integration Frameworks Cooperation integration, e.g. COMESA has a Multilateral Fiscal Surveillance Framework; a Financial System Development and Stability Plan; an Assessment Framework for Financial System Stability; the COMESA Monetary Institute towards implementing the COMESA Monetary Cooperation Programme. Preparations for the transition to the EAC Monetary Union are underway including negotiations for the EAMU Protocol and review of the EAC macroeconomic convergence criteria. ECOWAS plans to launch the second monetary zone (WAMZ) by 2015 and launch the larger monetary zone by merging the CFA and the WAMZ zones by the year 2020.
The role of collaboration in enhancing the quality, reliability and comparability of statistics for monitoring and evaluation process is emphasized by the African Charter on Statistics, adopted by Heads of State and Government in February 2009. But only 22 countries have signed and only six have ratified. A strategy for the harmonization of statistics in Africa (SHaSA) was adopted by Heads of State and Government in July 2010
Significant progress is registered in CAADP implementation related to attaining Maputo targets of allocating at least 10% annual public sector budget to agriculture and at least six percent annual sectoral growth respectively. So far nine countries have reached or surpassed the 10% target, nine are spending between five and 10 percent and 29 countries have devoted less than five percent of their total budgets to agriculture. Twenty-nine countries have signed national CAADP compacts, of these, 21 have completed the formulation of CAADP-based country investment plans which have also been independently reviewed.
Some issues highlighted in AU Report on Status of Regional Integration moderator could use to follow up/guide discussions:
Regional integration challenges: