The New Partnership for Africa’s Development (NEPAD), October 2001

Sectors : Financial Institutions, markets, services and microfinance, Domestic resource mobilisation, Investment, Agricultural and biotechnology, Agricultural investment and production, Disaster risk reduction and reconstruction, Environmental degradation and natural resource management, Sustainable development, Food security, Water and Sanitation
Organisation : AU
Date made: 
2001
Level: 
Heads Of State
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Commitments in: Private Sector development and financial services for the poor - Investment

“150. The New Partnership for Africa’s Development seeks to increase private capital flows to Africa, as an essential component of a sustainable long-term approach to filling the resource gap...

...151. The next priority is the implementation of a PPP capacity-building programme through the African Development Bank and other regional development institutions, to assist national and subnational governments in structuring and regulating transactions in the provision of infrastructural and social services.
- The third priority is to promote the deepening of financial markets within countries, as well as cross-border harmonisation and integration, via a Financial Market Integration Task Force. Initially, this will focus on the legislative and regulatory environment for the financial system.

152. Actions
- Establish a task team to carry out audits of investment-related legislation and regulation, with a view to risk reduction and harmonisation within Africa;

- Carry out a needs assessment of, and feasibility study on, financial instruments to mitigate risks associated with doing business in Africa;

- Establish an initiative to enhance the capacity of countries to implement PPPs;

- Establish a Financial Market Integration Task Force that will speed up financial market integration through establishing an international standard legislative and regulatory framework and creating a single African trading platform...”

Scope: 
Africa

Commitments in: Agriculture - Agricultural investment and production

154. Objectives
- To improve the productivity of agriculture, with particular attention to small-scale and women farmers;

- To ensure food security for all people and increase the access of the poor to adequate food and nutrition;

- To promote measures against natural resource degradation and encourage production methods that are environmentally sustainable;

- To integrate the rural poor into the market economy and provide them with better access to export markets;

- To develop Africa into a net exporter of agricultural products;

- To become a strategic player in the development of agricultural science and technology.

155. Actions
At the African level:

- Increase the security of water supply for agriculture by establishing small-scale irrigation facilities, improving local water management, and increasing the exchange of information and technical know-how with the international community;

- Improve land tenure security under traditional and modern forms of tenure, and promote the necessary land reform;

Foster regional, subregional, national and household food security through the development and management of increased production, transport, storage and marketing of food crops, livestock and fisheries. Particular attention must also be given to the needs of the poor, as well as the establishment of early warning systems to monitor droughts and crop production;

- Enhance agricultural credit and financing schemes, and improve access to credit by small-scale and women farmers;

- Reduce the heavy urban bias of public spending in Africa by transferring resources from urban to rural activities.

At the international level:

- Develop new partnership schemes to address donor fatigue for individual, high-profile agricultural projects;…

...- Promote access to international markets by improving the quality of African produce and agricultural products, particularly processed products, to meet the standards required by those markets;

- Support African networking with external partners in the areas of agricultural technology and know-how, extension services and rural infrastructure;

- Support investment in research in the areas of high-yield crops and durable preservation and storage methods;

- Provide support for building national and regional capacity for multilateral trade negotiations, including food sanitation and other agricultural trade regulations.”

Scope: 
Africa