Course Summary
AFDB. Economic Integration in Africa, global crisis. African Peer Review Mechanism. Regional economic communities (RECs). SADC, ECOWAS, CEN-SAD, ...
The AFDB (African Development Bank Group) is a multilateral
development bank whose shareholders include 53 African countries
(regional member countries RMCs) and 24 non-African countries from the
Americas,
Asia, and
Europe (non-regional member countries non-RMCs).
In line with the Medium-Term Bank Group Strategy 2008-2012, the Bank
continued to focus its operations on supporting infrastructure, private
sector development, good governance, and
regional integration.
Following half a decade of above 5 per cent economic growth,
the continent can expect only 2.8 per cent in 2009, less than half of the 5.7
per cent expected before the crisis. Growth rebounding will be 4.5 per cent in
2010. Growth in oil-exporting countries is expected to
fall to 2.4 per cent in 2009 compared to 3.3 per cent for the net oil importers.
In 2008 GDP growth in Africa was 5.7 per cent; it was 6.1 per cent in 2007. This
was, thus, the fifth consecutive year when growth exceeded 5.5 per cent.
However, the impact of the global economic
crisis is expected to slash growth rates to 2.8 per cent in 2009,
less than half of the average growth rate achieved during the past five years.
Sample of the Course:
Net ODA to Africa amounted to USD 38.7 billion in 2007, representing 37 per cent
of total aid. This corresponds to a fall of 18 per cent in real terms, mostly
due to the end of exceptional debt relief operations.
The private sector has driven the expansion of
information and communications technology in recent years. Oil
producer Nigeria has been
increasing its dominance, and in 2007 accounted for well over half of total
investment in resource rich countries.
Established in 1972, the African Development Fund (ADF) became
operational in 1974. It is administrated by the African Development Bank and
comprises State Participants (donor countries) and recipient countries. Its main
objective is to reduce poverty in Regional Member Countries (RMCs) by providing
loans and grants.
The Nigeria Trust Fund (NTF) is a special ADB fund created in
1976 by agreement between the Bank Group and the Nigerian government. Its
objective is to assist the development efforts of the Bank's low-income regional
member countries whose economic and social conditions and prospects require
concessional financing.
Regional integration in Africa
Most of economies of the Bank's Regional Members Countries (RMCs) are small,
undiversified and face physical, political, and policy-induced constraints to
deeper economic integration with their neighbors and the global economy.
However, economic cooperation and regional integration are crucial if Africa is
to overcome trade and other barriers and take its rightful place in the global
market.
For more than 40 years, the Bank has actively promoted regional economic
communities (RECs) through regional economic cooperation, trade
expansion, capacity building, and renewed support for the
New Partnership for
Africa’s Development (NEPAD) programmes.
The Bank also actively collaborates with national governments and pan-African
organizations, particularly the African Union (AU) and United
Nations Economic Commission for Africa (UNECA), to rationalize
and streamline REC structures.
African Regional Economic Communities
- Community of
Sahel-Saharan States (CEN-SAD)
- Common Market for
Eastern and Southern Africa (COMESA)
- East African Community (EAC)
- Economic Community of Central African States (ECCAS/CEEAC)
- Economic and Monetary Community of Central Africa (CEMAC)
- Economic
Community of West African States (ECOWAS).
West African Economic and
Monetary Union (UEMOA). West African Monetary Zone (WAMZ)
- Intergovernmental
Authority on Development (IGAD)
- Southern African
Development Community (SADC). Southern African Customs Union (SACU).
- Arab Maghreb Union (AMU/UMA)
The Investment Climate Facility (ICF) is a public-private
initiative through which donors, international and domestic corporations as well
as NGOs, collaborate with African governments and regional organizations, to
improve the investment climate at the national, regional, and continental
levels.
Transport in Africa. Africa’s current particularly defective
transport network prevents countries from being competitive, especially on the
world market. In Africa, roads represent the most important means of transport,
carrying nearly 90% of passengers and freight. Half of the countries on the
continent are landlocked and the transport cost might represent as high as 77%
of the value of exports.
Africa and the global crisis. Recent trends in global financial
markets, in particular the rapidly diminishing availability of capital
experienced worldwide, are having an increasingly adverse impact on African
countries and on the Bank’s clients. The African Development Bank (AfDB) Group
has been at the forefront of efforts at analyzing the crisis’ impact on Africa.
Doing business with the African Development Bank. The corporate
general services and procurement department has been entrusted with the
functional authority and responsibility for the Bank's internal procurement.
International organizations:
United Nations, World Bank (WB),
International Monetary Fund (IMF),
International Finance Corporation (IFC),
Inter-American Development Bank (IaDB),
Asian Development Bank (ADB),
European Bank for Reconstruction and Development (EBRD) and
Islamic Development Bank (IsDB)
AFRICA Scholarships Grants
- Bourses
d’études Afrique (FR)
AFDB, African, Development, Bank. Nigeria, Trust, Fund, Africa, Economic, Integration, global, crisis, African Peer, Review, Mechanism, Regional, economic, communities, RECs, SADC, ECOWAS, CEN-SAD, Master, International Business
