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Multinational– Institutional Support Project for the African Union: African Continental Free Trade Area (AfCFTA) Implementation - Appraisal Report
Management submits the following report and recommendation for a proposed ADF Grant of UA 3.5 million (US$ 4.8 m) to the African Union for Institutional Support for the establishment of the African Continental Free Trade Area and related Implementation programmes. The project will help to establish a durable, efficient purpose driven AfCFTA Implementation Secretariat, whose objective is to facilitate the successful implementation of the AfCFTA Agreement, to improve intra-African and intra-regional trade; reduce barriers and therefore reduced costs of doing business. Others are to facilitate efficient movements of goods, services and persons across borders; improve competitiveness; expand production and overall economic growth for Regional Member countries (RMCs).