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The G20 Compact with Africa - The Audicity of Hope
[working paper]
Corporate Editor
Friedrich-Ebert-Stiftung e.V.
Abstract The verdict on the Compact with Africa (CwA) in its third year is that private cross-border equity flows have not materialised and neither have domestic resources been mobilised. The African countries are not to blame, as their governance scores have improved. Currently, it seems that the CwA is pr... view more
The verdict on the Compact with Africa (CwA) in its third year is that private cross-border equity flows have not materialised and neither have domestic resources been mobilised. The African countries are not to blame, as their governance scores have improved. Currently, it seems that the CwA is primarily owned by civil servants from the World Bank and the International Monetary Fund. Moreover, neither the private corporate sector nor institutional investors seem to have fully bought into the CwA. The CwA fails to stimulate inclusive growth. The weakesses of the CwA approach illustrate the need for a new agenda for development cooperation.... view less
Keywords
international cooperation; development policy; Africa; IMF; development aid; promotion of economic development; World Bank
Classification
National Economy
Free Keywords
Deutsche Afrikapolitik; G20; Compact with Africa (CwA)
Document language
English
Publication Year
2019
City
Berlin
Page/Pages
66 p.
ISBN
978-3-96250-430-4
Status
Published Version; reviewed