Launch of UN-OSAA, OECD and NEPAD partnership
The African Union NEPAD Planning and Coordination Agency (AU-NPCA), the United Nations Office of the Special Adviser on Africa (UN-OSAA) and the Organisation for Economic Co-operation and Development (OECD) have joined forces to improve international and regional co-operation for growth and development in Africa. As a first outcome of this partnership, the three institutions released on 11 October a joint study recommending further diversification of African economies.
According to the study titled, "Economic Diversification in Africa: A Review of Selected Countries", an enhanced diversification would reduce African economies’ reliance on natural resource revenues and encourage sustainable growth in other strategic sectors such as telecommunications, agriculture and tourism.
The report looks at how Africa can boost its economic growth and development by investing greater national and regional efforts in business climate reform. The study also aims to improve recognition of the increasingly important contribution of Africa to global economic growth.
Also on the same day, the three international organizations released a series of policy briefs on Africa’s foreign direct investment, infrastructure, debt, and aid.
The report and fact sheets are available below.
Economic Diversification in Africa: A Review of Selected Countries
Mr. Ibrahim Assane Mayaki, CEO of the NEPAD Planning and Coordinating Agency, Mr. Eckhard Deutscher, Chair of the OECD Development Assistance Committee (DAC) and Mr. Cheick Sidi Diarra, Under-Secretary-General, and UN Special Adviser on Africa discussed their partnership and shared their joint work at a briefing to UN Member States and other development partners at the UN Headquarters on Monday, 11 October.
"The co-operation between these three organizations will contribute to renewed efforts to accelerate Africa’s progress towards the Millennium Development Goals and reduce the continent’s vulnerability to external shocks and food price instability", says Mr. Cheick Sidi Diarra.
For further information about this partnership, please contact