The Global Water Partnership and its partners have established the Africa Project Preparation Partnership for Climate-Resilient Water Projects. It brings together implementing agencies, financiers, and businesses to work with African countries on developing proposals for water resource projects to be funded by the Green Climate Fund.
The World Benchmarking Alliance will develop benchmarks by 2020 for: climate and energy, seafood, food and agriculture, gender equality and empowerment, and digital inclusion. Launched by Aviva, the Index Initiative and the UN Foundation, the WBA aims to increase transparency and accountability for businesses, and empower consumers, investors, governments and civil society to make decisions on where and how to spend money or allocate funds.
The economic benefits of managed migration in Africa were debated by ministers and diplomats at the High-Level Panel on Migration and Structural Transformation in Africa, co-organised by UNCTAD, during the United Nations General Assembly. The panel looked at migration and economic transformation in Africa.
As the UN General Assembly entered the third day of its general debate, African leaders underscored their countries’ efforts towards greater democracy and sustainable development, with calls for expanded multilateral co-operation and Security Council reforms.
With the world suffering from a bad case of “trust deficit disorder”, its leaders must not only advance the welfare of their people, but also promote a reformed, reinvigorated and strengthened multilateral system, UN Secretary-General António Guterres said as the General Assembly opened its seventy-third general debate.
A T20 communiqué, issued following the Summit of the Think 20, is the product of the work of experts from more than 60 countries. It contains evidence-based policy recommendations to address global challenges such as climate change, food security, multilateral trade and global inequality, among others. The T20 is the G20 engagement group representing the academic community.
Every year, OECD officials and African policy makers, private sector, academia and civil society leaders as well as high-level representatives from international organisations gather to weigh in on the continent’s major transformations and discuss how better policies can further impact the region. The 18th Africa Forum will look at growth, employment, migration and development in the wake of Africa’s historical decision for closer integration. The forum takes place on 31 October 2018, in Paris, France.
The global economic expansion appears to have peaked, with diverging growth prospects worldwide and intensifying risks, the latest OECD Interim Economic Outlook says. Escalating trade tensions, tightening financial conditions in emerging markets and political risks could further undermine medium-term growth globally.
Fewer people are living in extreme poverty, but the decline in poverty rates has slowed, raising concerns about achieving the goal of ending poverty by 2030 and pointing to the need for increased pro-poor investments, the World Bank finds. The percentage of people living in extreme poverty globally fell to a new low of 10% in 2015.
A ministerial statement by G20 trade ministers, the first in more than two years, calls for keeping markets open, addressing economic development and reinvigorating the international trading system.
Turning constraints into opportunities to attract and mobilise private sector investments, both domestic and foreign, is the guiding spirit of the fourth Investing in Africa Forum: Deepening Investment Co-operation and Harnessing Innovation for Sustainable Development and Shared Prosperity.
2008 was a shock to the system and a wake-up call, showing us that conventional economic analyses and models were insufficient to address the complexity of the modern global economy.
The World Bank Group on 11 September launched the Development Finance Forum in Kigali, Rwanda, for global public and private sector leaders to explore and demonstrate strategies to boost private sector investment in East Africa’s priority sectors, notably, housing, agriculture and tourism.
The average quality of policies and institutions in Sub-Saharan Africa was broadly unchanged in 2017, according to the latest review by the World Bank. This is a shift from the deterioration observed in the previous year.
The agenda of the G20 Trade and Investment Ministerial Meeting included global supply chains, the new industrial revolution and the international trade outlook. It also tackled ways to achieve a more inclusive trade system that contributed to fair and sustainable development. The ministers met in Mar del Plata, Argentina on 14 September.
South African President Cyril Ramaphosa is co-chairing the Forum on China-Africa Cooperation (FOCAC) Summit in Beijing, China, from 3-4 September. Infrastructure and industrial development are on the agenda. “These areas are aimed at addressing the three bottlenecks in Africa, as identified by China and Africa, which are hampering Africa’s development, namely, inadequate infrastructure, lack of professional and skilled personnel, and a funding shortage,” said South African International Relations Minister Lindiwe Sisulu.
Working towards strategies for climate action, the second meeting of the G20’s Climate Sus-tainability Working Group looked at tackling adaptation to climate change, creating long-term strategies and mechanisms for reducing greenhouse gas emissions, as well as mobilising climate finance flows.
The Brazilian Development Bank, Vnesheconombank (Russia), the Export-Import Bank of In-dia, the China Development Bank and the Development Bank of Southern Africa have signed an agreement on the development of distributed ledger technology.
The Indian Ocean Region was looking at redefining its regional architecture to deal with the myriad security and socio-economic challenges it faced. Part of the work was strengthening institutional mechanisms and bodies, including the secretariat, the third Indian Ocean Confer-ence heard. Taking place on 27-28 August in Hanoi, it promoted strategic co-operation and trade ties between regional countries.
The joint declaration issued after the G20 Digital Economy Ministerial Meeting in Salta, Argentina, includes proposals to reduce the digital gender divide, transform the government, measure the digital economy and accelerate digital infrastructure. More than 30 heads of delegation attended the meeting last week.
The GEGAfrica project has been funded by UK aid from the UK government; however the views expressed do not necessarily reflect the UK government’s official policies.