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frica is moving forward with a plan to overhaul the
regions troubled and inefficient ways and lay
the groundwork for future growth and prosperity.
The
New Partnership for Africas Development (NEPAD)
is a vision and strategic framework for the social and
economic renewal of the African continent. Set out by
the leaders of the five initiating countries
Algeria, Egypt, Nigeria, Senegal, and South Africa
the blueprint offers a way forward for a region still
marginalized from the rest of the world. Its agenda
targets deep-rooted issues such as escalating poverty
levels, debt, and chronic underdevelopment.
A
measure of the new-found confidence spreading through
parts of the continent, NEPAD is an attempt by African
leaders to fight some of the persistent and more complex
problems that blight the region. There are four main
objectives: to eradicate poverty; achieve sustainable
development; integrate Africa into the global economy;
and accelerate the empowerment of women.
At
the heart of the initiative is a partnership approach.
This includes a peer review mechanism in which African
countries submit themselves to voluntary evaluation
by other states. The aim is for the continent to be
able to help itself rather than rely on support from
outside. In addition to advocating good
governance, NEPAD fosters African ownership and leadership
and encourages the participation of all layers of society.
It also promotes regional integration and competitiveness.
The intention is to anchor the long-term development
of Africa on its own natural resources and especially
the unique resourcefulness of its people.
On
a practical level, NEPAD seeks to promote the conditions
for sustainable development through enhanced peace and
security, the promotion of democracy and good governance,
regional cooperation, and capacity building. It seeks
policy reform and increased investment in priority areas
such as agriculture, education and technology, in addition
to diversification into manufacturing, processing, and
other added-value techniques.
At
the same time, there is a need to mobilize additional
resources such as inward investment; to improve Africas
share of global trade; to raise domestic savings and
investments; and to ease the longstanding debt burden.
The material benefits are obvious. Those countries that
set up good governance systems, tackle corruption and
other structural weaknesses are rewarded by increased
inward investment. Slowly, things are changing for many
African countries. There are success stories throughout
the continent.
Mozambique
has emerged from the shadows of civil war to become
one of southern Africas hottest investment prospects.
With close ties to regional superpower South Africa
it is now home to the multi-billion dollar Mozal aluminum
export plant, a flagship for industrial achievement
in the country. The project would have been inconceivable
a decade earlier. Improvements to the countrys
infrastructure have also boosted cross-border links
and facilitated intra-regional trade flows.
In
eastern Africa, Uganda has transformed itself over the
last two decades from the corrupt and dark days of dictator
Idi Amin to become a vibrant and free economy, with
appeal to international investors. The country has achieved
impressive growth rates in recent years and received
widespread praise from the donor community.
NEPAD
calls for a new international relationship between Africa
and the rest of the world. The aim is to ensure that
the continent does not get left behind in the march
toward globalization. Certainly, the relationship between
the U.S. and many African nations has improved dramatically.
Visits by President George W. Bush and his predecessor
Bill Clinton have helped to open a new dialogue with
the continent. The African Growth and Opportunity Act
(AGOA) has improved the terms for doing business, while
west African oil from Nigeria, Angola and other
smaller producers is becoming more important
too.
A
pledge by African leaders based on a common vision,
NEPAD is a chance for Africa to turn things around.
It is a monumental task and one that will require the
full support of key foreign partners such as the U.S.
but a start has been made. Mozambique and Uganda show
what can be done.
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