NEPAD Declaration on Democracy, Political, Economic and Corporate Governance

Sectors : Employment and Training
Organisation : AU
Date made: 
Heads Of State
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Commitments in: Private Sector development and financial services for the poor - Employment and Training

“23. Globalisation and liberalisation does not mean that there should be no role for government in socio-economic development. It only means a different type of government. We, therefore, undertake to foster new partnerships between government and the private sector; a new division of labour in which the private sector will be the veritable engine of economic growth, while governments concentrate on the development of infrastructure and the creation of a macroeconomic environment. This includes expanding and enhancing the quality of human resources and providing the appropriate institutional framework to guide the formulation and execution of economic policy."