Nepad Agreement

Posted April 11th, 2021 by admin

By signing this agreement, the two organizations pledged to continue to support the development of agriculture and food security in Africa, so that the sector becomes an engine of growth for the continent. NEPAD and NBF will work together to achieve the objectives set out in _framework`s Comprehensive Agricultural Development Programme (CAADP), one of the key issues being to promote mechanisms for integrating small farmers into the trade value chain and market access. NEPAD and NBF have extensive experience, information and expertise in a wide range of relevant areas, in collaboration with like-minded institutions and companies. This agreement aims to improve the coordinated development of the African trading environment. While NEPAD and NBF have worked closely together since the creation of the NBF in 2004, this agreement marks a new chapter for both organizations, which aims to harness the development potential of the African private sector. The agreement will enhance the continent`s commercial potential through joint projects, drawing on the resources, experience and expertise of both NEPAD and NBF. This formal agreement will focus on the development of the African private sector to facilitate trade, training, skills development, technology and facilitation of public-private partnerships (PPPs). This last point is one of the most effective ways to achieve infrastructure development in Africa, and a number of countries are exploring these means of development. These actions are carried out in close collaboration with partner organisations such as the International Development Research Centre, the OECD, the African Development Bank, the World Bank, AIDS/SAREC, ISESCO, TWAS, nePAD Business Group and sister organisations of the United Nations system. After this first phase, more concrete programmes were developed, including: in July 2001, the OAU Assembly of Heads of State and Government in Lusaka, Zambia, adopted the document as the New African Initiative (NAI). The G8 Heads of State and Government approved the plan on 20 July 2001; and other international development partners, including the European Union, China and Japan, have also made public statements in which they have ended their support for the programme. The Implementation Committee of Heads of State and Government (HSGIC) for the project completed the policy framework and designated the New Partnership for African Development on 23 October 2001. NEPAD is now an African Union (AU) programme that replaced the OAU in 2002, although it has its own secretariat, based in South Africa, to coordinate and implement its programmes.

The NBF operates in South Africa with extensive business networks in the South African sub-region and the entire continent, driven by the vision of contributing to a dynamic African economy by developing the private sector and thus positioning the continent as a competitive global player. The NBF`s mission is to support the achievement of NEPAD`s objectives through the active participation of the African private sector. In the declaration on democracy, political, economic and corporate governance, participating states were also required to set up an African Peer Review Mechanism (APRM) to promote compliance and compliance with their commitments. The Durban Summit adopted a document outlining the phases of mutual review and the principles on which the APRM should operate; Other key documents were adopted at a meeting in Abuja in March 2003, including a Memorandum of Understanding signed by governments seeking to conduct peer review. NEPAD is a merger of two of Africa`s economic recovery plans: the Millennium Partnership for African Reconstruction (MAP), led by former South African President Thabo Mbeki, in collaboration with former Nigerian President Olusegun Obasanjo and Algerian President Abdelaziz Bouteflika; and the OMEGA plan for Africa developed by Senegal`s President Abdoulaye Wade.

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