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Regional Operations Selection and Prioritization Framework (Revised Framework)
Regional integration is a fundamental element of the African Development Bank Group’s core activities and one of the African Development Fund’s core priorities. This strategic focus on regional integration is well aligned with African countries’ own strong commitment to advancing the regional agenda that is indispensable to their trade, growth and the reduction of poverty. Competitiveness and productiv ity can be improved — and significant economic and welfare gains achieved — by addressing bottlenecks in both hard, or physical, infrastructure and soft infrastructure such as regulatory frameworks, harmonization of policies and efficient institutions.