The Global Economic Governance (GEG) Africa programme is a policy research and stakeholder engagement programme to strengthen the influence of pro-poor African coalitions at global economic governance fora.

Development finance for infrastructure

Africa’s infrastructure financing deficit, estimated to be $100 billion a year, remains persistently large. The resulting lack of investment in energy, transport and water infrastructure on the continent presents a significant barrier to economic growth and development. Many African countries are again reaching their debt ceilings. There is limited understanding of how the larger infrastructure financing institutions operate and there is no source of information on how these institutions and the private sector respond to African needs. A more clear and informed understanding of the infrastructure finance environment in Africa is needed.

The GEG Africa programme will develop a repository of development finance lending modalities, produce evidence-based research on continental infrastructure priorities, provide input to the South African government on how development finance institutions can increase infrastructure spending in Africa, and contribute to infrastructure financing mechanisms that support debt sustainability.

  • Location Pretoria, South Africa
Third BRICS Sherpa/Sous-Sherpa Meeting, 2-3 June 2018 Second Stand-Alone Meeting of the BRICS Ministers of Foreign Affairs/International Relations, 4-5 June 2018 Meeting of BRICS Energy Ministers, 6 June 2018
The BRICS Business Council meets in Durban on 22 and 23 July, followed by the BRICS Business Forum, which will meet in Gauteng on 25 July. Council themes for this year include the Fourth Industrial Revolution, youth entrepreneurship and food security.
Finance ministers and central bank governors agreed that now is a good time to normalise monetary policy, and expressed optimism on the future of work, one of the priorities of the Argentine G20 presidency.
The theme for this year’s 10th BRICS Summit is “BRICS in Africa: collaboration for inclusive growth and shared prosperity in the 4th Industrial Revolution”.
Argentina took over the Presidency of the G20 from Germany on 1 December 2017. The central themes of the Argentina Presidency are:
GEGAfrica Discussion Paper, March 2018
As South Africa’s Finance Minister Malusi Gigaba prepares for his inaugural Medium-Term Budget Policy Statement on 25 October, one issue will weigh heavily on his mind: how to increase government expenditure to further stimulate growth at a time when the government’s fiscal environment remains heavily constrained.
GEGAfrica Policy Briefing, August 2017
GEGAfrica Policy Briefing, August 2017
Lesotho is facing challenges in financing its Queen Mamohato Hospital which costs USD$67 million a year and represents half of the country’s meagre health budget.
Dear Editors and Journalists,
Ratings agencies will again this week consider South Africa’s sovereign credit rating. Ratings agencies have indicated that South Africa’s economic growth needs to be at least 1%, up from the current rate of between 0.5 – 0.9%, in order to off a downgrade to ‘junk’ status. Last month, Minister Pravin Gordhan made some bold claims about infrastructure spending in his mid-term budget speech.
GEGAfrica Discussion Paper, November 2016
GEGAfrica Policy Briefing, November 2016
Friday, 18 November 2016 15:30

A Way Forward for the BRICS New Development Bank?

Written by
Dear Editors and Journalists,
GEGAfrica Policy Briefing, October 2016
The 11th G-20 Summit in Hangzhou, China closed earlier this week, focusing on the 'New' Industrial Revolution and technological changes, such as big data, robotics, and cloud computing. Innovation has been China’s key area of interest throughout their G-20 Presidency, dedicating many discussions to how new industries could invigorate the global economy.

  • Location Lusaka, Zambia
GEG Africa’s outreach event in Lusaka, titled ‘BRICS, G20 and Africa’, was co-hosted with the National Treasury of South Africa, and led by Deputy Minister of Finance, Mr Mcebisi Jonas.

  • Location Johannesburg
On 24 August 2016, the GEG Africa programme held a Study Group event titled: 'Multilateral Development Banks (MDBs), Development Finance Institutions (DFIs), Sustainable Development Goals (SDGs) and Infrastructure Financing in Africa: Challenges and Opportunities for Impact.'
Dear Editors and Journalists,  The New Development Bank, a development finance institution set up by the BRICS (Brazil, Russia, India, China and South Africa) group of countries, will host its first Annual Meeting this week in Shanghai, China. Experts from the Global Economic Governance Africa programme (a partnership between SAIIA, DNA Economics and Tutwa Consulting) have been following developments closely, and will be in Shanghai to attend the meeting.
Africa’s infrastructure financing deficit, estimated to be $100 billion a year, remains persistently large. The resulting lack of investment in energy, transport and water infrastructure on the continent presents a significant barrier to economic growth and development.

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