NEPAD: The New Partnership for Africa ‘s Development

PILLARS OF NEPAD 

1. P eace, Security, Democracy and Political Governance Initiative – Co-ordinator – South Africa

Key Areas Include:

Prevention, management and resolution of conflict; Peacemaking, peacekeeping and peace enforcement;

This initiative also sets out Africa 's commitment to universal standards of democracy, "allowing for the existence of several political parties and workers' unions, fair, open, free and democratic elections periodically organised to enable the populace choose their leaders freely." (NEPAD)

2. Economic and Corporate Governance Initiative – Co-ordinator – Nigeria

The emphasis here is on state capacity building – "the State has a major role to play in promoting economic growth and development, and in the implementation of poverty reduction programmes. However, the reality is that many governments lack the capacity to fulfil this role. As a consequence, many countries lack the necessary policy and regulatory frameworks for private sector-led growth. They also lack the capacity to implement programmes even when funding is available."

Actions

89. A Task Force from Ministries of Finance and Central Banks will be commissioned to review economic and corporate governance practices in the various countries and regions, and make recommendations on appropriate standards and codes of good practice for consideration by the Heads of State Implementation Committee within six months. (NEPAD)

3. Bridging the Infrastructure gap – Co-ordinator – Senegal

Improving the continent's infrastructure – roads, ports, seaways, airports, railways and communications Improved infrastructure, including the cost and reliability of services, would benefit both Africa and the international community, which would be able to obtain African goods and services more cheaply (NEPAD)

Other areas for infrastructure development include Information and Communication Technology, Energy, Transport and Water and Sanitation

4. Human Resource Development Initiative – Co-ordinator – Algeria

The Primary aim of this initiative is to reduce the levels of poverty by half by the year 2015 (US$64bn will have to be raised annually to achieve this target). Other important areas include training and education and reversing the "Brain Drain" (NEPAD).

5. Environment Initiative

This initiative will be taken to the World Summit on Sustainable Development (WSSD) in August 2002. The summit will take place in Johannesburg . NEPAD believes that 'measures' taken in other parts of the world "to achieve a healthy environmental base can contribute greatly to employment, social and economic empowerment, and reduction of poverty". (NEPAD)

6. Capital Flows Initiative – Co-ordinator – Nigeria

This initiative focuses on the following:

a) Mobilising domestic capital through domestic savings and improved revenue collection (taxes)

b) Attracting foreign capital and

c) Debt relief

NEPAD estimates an annual growth rate of 7% and requires US$64bn annually if it wants to reduce its poverty levels by half by the year 2015. "This will require increased domestic savings, as well as improvements in the public revenue collection systems. However, the bulk of the needed resources will have to be obtained from outside the continent. The New Partnership for Africa 's Development focuses on debt reduction and ODA (Overseas Development Assistance) as complementary external resources required in the short to medium term, and addresses private capital flows as a longer-term concern. A basic principle of the Capital Flows Initiative is that improved governance is a necessary requirement for increased capital flows, so that participation in the Economic and Political Governance Initiatives is a prerequisite for participation in the Capital Flows Initiative." (NEPAD)

From OAU to AU

The OAU Lusaka Summit (9-11 July 2001) mandated to oversee the transformation of the OAU into the African Union (AU) Launch of the AU set for July 2002 in South Africa – President Mbeki tipped to become the first head of the AU. AU will oversee NEPAD.

7. Market Access Initiative

This initiative is supported by the following: "Private enterprise must be supported, both micro-enterprises in the informal sector and small and medium enterprises in the manufacturing sector, which are principal engines of growth and development. Governments should remove constraints to business activity and encourage the creative talents of African entrepreneurs". (NEPAD)

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