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.

Tuesday, 13 November 2018 17:03

The case for infrastructure as an asset class

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GEGAfrica Policy Briefing, November 2018
GEGAfrica Policy Brief, October 2018
This week, South Africa is hosting the BRICS (Brazil, Russia, India, China and South Africa) group for the bloc’s 10th annual Summit. South Africa will again this year champion key African priorities alongside its own. For African countries, infrastructure development and industrialisation will remain key areas of strategic cooperation with the BRICS.
Friday, 10 August 2018 15:39

Fitch gives BRICS bank AA+ credit rating

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Fitch Ratings has assigned BRICS’s New Development Bank a long-term issuer default rating of ‘AA+’ with a stable outlook and a short-term issuer default rating of ‘F1+’. 
Monday, 30 July 2018 11:58

Kickstarting the SADC Regional Development Fund

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In August 2016, SADC member states signed an agreement to mobilise approximately $1 billion in seed funding to create the SADC Regional Development Fund, with infrastructure development being one of the fund’s four key categories of finance.
While the RDF has the potential to make the SADC region more self-sufficient when it comes to its infrastructure development plans and initiatives, we have seen how a number of obstacles might complicate the full operationalisation of the Fund. Governments must move beyond talk if they are to realise their vision of a more economically agile and trade-friendly region.
An assessment of SADC’s current infrastructure financing challenges is important in determining how the RDF can better support infrastructure development within the region.
All SADC governments recognise that infrastructure development is crucial for creating momentum in their economies, which will help to swell the number of sustainable jobs and alleviate poverty.
Ambitious plans have been formulated in recent years to put the African continent onto a more sustainable economic development path, with industrialisation as the focal point.
Invitation to Participate in A Dissemination Event on Gender Mainstreaming Across Africa: An Exploration of Rwandan Solar Energy Initiatives and South Africa’s Reippp Programme
GEGAfrica Discussion Paper, July 2018
GEGAfrica Policy Briefing, July 2018

  • 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?

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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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