African Development Bank (AfDB)
The overarching objective of the African Development Bank (AfDB) Group is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction.
The Bank Group achieves this objective by:
- mobilizing and allocating resources for investment in RMCs; and
- providing policy advice and technical assistance to support development efforts.
On 9.9.1999, the Heads of State and Government of the Organisation of African Unity issued a Declaration (the Sirte Declaration) calling for the establishment of an African Union, with a view, inter alia, to accelerating the process of integration in the continent to enable it play its rightful role in the global economy while addressing multifaceted social, economic and political problems compounded as they are by certain negative aspects of globalisation.
Key information: The Conference on Land Policy in Africa is organized by the AUC, ECA and AfDB under the auspices of the African Land Policy Centre, in close collaboration with its key partners including inter-governmental organizations, government agencies, academia, regional economic communities, and African centres of excellence, CSOs, African private sector associations and development partners.
Background information: The adoption as theme of the year is expected to generate greater political commitment and accelerate the effective implementation of the AfCFTA (African Continental Free Trade Area) to fully benefit the African citizenry and achieve the aspirations and goals of Agenda 2063. The yearlong activities will enhance the existing collaboration among the Member States, the Regional Economic Communities (RECs), AU institutions, the private sector, development partners, and other stakeholders, to mobilize and implement actions that boost intra-Africa trade, particularly trade in value-added production and trade across all sectors of Africa’s economy. Land is one of the key resources and enablers in the implementation of the AfCFTA and produces a significant percentage of the agricultural commodities that are envisioned to be traded. It is also a source of Africa’s mineral wealth and other commodities. In addition, manufacturing processes take place on land. The creation of a single market under the AfCFTA provides opportunities for both economic growth and the creation of new as well as innovative networks for those operating in sectors such as mining, manufacturing, services, agriculture and agro-processing. The issue of inclusive land governance therefore becomes critical for the achievement of the AfCTA objectives.
More information to come!